1. Rels – Prophix story Operating since: Unknown
Head office: Hopkins, Minnesota
Annual revenue: > $1 billion (?)
Number of employees: 1,000
G/L or ERP: Oracle 12
Company website:
Company background:
Rels Valuation provides reviews and appraisal services. It also provides proactive service and responsive call center support. The company is based in Bloomington, Minnesota. Rels Valuation is a joint venture between First American Corp. and Wells Fargo Home Mortgage, Inc.
Business problems that lead to evaluating CPM, adopting Prophix:
They had layers of accounts which made reporting difficult
Senior Management found that the costs of conducting appraisals were inaccurate
The office of finance led the search for a solution to this problem
Wanted to determine whether to outsource appraisals or keep them in-house based on profitability analysis / revenue planning

2. Rels – Prophix story Benefits:
Automated reporting, improved/faster budget cycle
Using workflow to empower finance, involve more users, and move beyond the office of finance
Prove which appraisal opportunities to outsource or provide in-house
Profitability model: allowed for analysis regarding profitability across states/regions
Allocations / activity-based costing: allocate costs across all departments (similar to the Taconic Farms solution)
Ability to plan expenses across the company with complete accuracy
Scenario planning – if the cost of valuation fees rise, how will it affect outsourcing appraisals? How will it affect keeping appraisals in-house? How can either eventuality affect revenue projections? How can either eventuality affect KPIs and the bottom line?
Full picture of financial truth

3. Supporting data: Life cycle Industry (choose all that apply)
☐ New implementation
Implementation date:
☐ Preexisting customer YES
Original implementation date: Q4 2010
☐ Existing customer, upgrading
Original implementation date: ________________
Industry (choose all that apply)
☐ Agriculture, forestry, and fishing
☐ Professional services YES (real estate)
☐ Financial services YES
☐ Retail
☐ Wholesale and distribution
☐ Telecommunications
☐ Healthcare
☐ Utilities
☐ Education
☐ Architecture, engineering, and construction
☐ Life science
☐ Transportation and logistics
☐ Manufacturing
☐ High tech
☐ Media and entertainment
☐ Government
☐ Non-profit

4. Supporting data: Solutions Capabilities ☐ Budgeting YES
☐ Automation YES
☐ Forecasting YES
☐ Prophix Mobile
☐ Reporting YES
☐ Data integration YES
☐ Strategic planning YES
☐ Business modeling YES
☐ Financial consolidation
☐ Microsoft platform integration
☐ Analysis YES
☐ Role-based security YES
☐ Profitability analysis YES
☐ Collaboration YES
☐ Personnel planning
☐ Flexible deployment
☐ Project planning
☐ Ad hoc reporting and visualization YES
☐ Revenue planning YES
☐ Capital expenditures planning
☐ Reporting and analytics
(dashboards and scorecards)