Case Study: Criterium Inc. achieves real-time contract reporting and streamlined cash flow analysis with Prophix Software

A Clinical Approach to Finance for Criterium

Criterium Inc., a global contract research organization serving pharmaceutical and medical device clients, struggled to manage contract invoicing and compare budget-to-actuals using Excel. Spreadsheets prevented accurate cash‑flow analysis, slowed reporting, and made it difficult to consolidate data from QuickBooks and a homegrown time‑tracking system.

By implementing Prophix’s CPM solution, Criterium centralized their data and automated reporting—pulling time and financial data into one platform. The finance team now produces contract reports in under an hour, compares hours-by-task and employee to both sales and loaded rates for clearer revenue and labor cost insight, generates multiple client report formats, and has shifted from manual reconciliation to strategic planning.

Criterium Inc.