Case Study: Electric Power Board achieves 5-day monthly close and automated, error-free financial reporting with Prophix Software

A Finance Power House at Electric Power Board

Electric Power Board (EPB) is a municipally owned, not-for-profit utility serving more than 170,000 homes and businesses around Chattanooga, TN. EPB’s Office of Finance struggled to roll up 10,000 accounts and relied on error-prone spreadsheets, risking formula and keystroke mistakes and potential noncompliance with federal regulations.

By implementing Prophix’s CPM solution—integrated with their Oracle ERP—EPB automated budgeting and financial reporting, eliminating manual errors and streamlining consolidation. The finance team now generates income statements, balance sheets and cash-flow reports for managers and executives, significantly improving productivity and closing monthly financials in five days.

Electric Power Board