1. Paramit Corporation – Prophix story
Operating since: 1990
Head office: Morgan Hill, California
Annual revenue: $180 million
Number of employees: 250
G/L or ERP: ManEx
Company website:
Company background:
Paramit Corporation provides electronics design, contract manufacturing, and test services. It offers new product introduction (NPI) services, such as NPI assembly, DFM analysis and design feedback, board test and failure analysis, final test and fixture development, printed circuit board (PCB) design and engineering analysis, and component engineering services; PCB assembly services, including surface mount and backplane assembly services; and PCB layout service. The company also provides test solutions, such as functional and system test, flying probe, in-circuit test, boundary scan and BIST, reliability screening, and test engineering services; and systems integration services, including configure-to-order, mechanical assembly lines, backflush transactions, test solutions, materials logistics, quality systems, and engineering and prototyping services. In addition, it offers repair and product upgrade services, such as field service program, detailed documentation, and custom workflow and reporting tools services; and global outsourcing solutions, including training and domestic control services.

2. Paramit Corporation – Prophix story
Business problems that led to evaluating CPM, adopting Prophix:
Replace the existing method of taking raw data from ManEx (ERP), trimming it, and manually creating the reports in Excel each month
Decrease the amount of time the finance office takes to collect and consolidate report data
Improve the accuracy of the reporting information
Create a system that recognizes and natively allows reporting on dept, division and natural accounts
Give end users the ability to budget using a twelve month rolling forecast
Allow for budgets to be completed inside of a system instead of offline in Excel
Allow for budgets to be completed at varying levels of accounts and departments
Complete currency conversion online to replace current offline currency conversion processes.
Replace the existing method of completing allocations offline and reloading them into ManEx
Replace the existing method of planning at the department level with employee level planning (more detailed personnel planning)
Improve budget and reporting versus actuals accuracy through detailed cost planning
Replace the existing method of manually aggregating the cost and revenue data in Excel from week to week
By decreasing the amount of time to generate reports, adding in additional levels of reporting for ownership's use
Allow for users to drill across to the daily transactional data that makes up the weekly, monthly, quarterly, and yearly data in Prophix
There will be one admin for the Financial Models and one admin for the revenue and cost models

3. Paramit Corporation – Prophix story
Their Prophix solution:
Had 2 different ERP systems. Were manually moving data into Excel for consolidated reporting, budgeting, forecasting, etc.
Now they have automated these processes and are properly mapping data to the proper accounts
Paramit conducts financial consolidation, but not with Financial Controller
They use the currency conversion functionality
They report both in native and reporting currency, as they have operations in Malaysia but their head office is located in America
They produce a rolling forecast

4. Supporting data: Life cycle Industry (choose all that apply)
☐ New implementation
Implementation date: ________________
☐ Preexisting customer YES
Original implementation date: Q1 2013
☐ Existing customer, upgrading
Original implementation date: ________________
Industry (choose all that apply)
☐ Agriculture, forestry, and fishing
☐ Professional services YES
☐ Financial services
☐ Retail
☐ Wholesale and distribution
☐ Telecommunications
☐ Healthcare
☐ Utilities
☐ Education
☐ Architecture, engineering, and construction
☐ Life science
☐ Transportation and logistics
☐ Manufacturing YES
☐ High tech
☐ Media and entertainment
☐ Government
☐ Non-profit

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