Case Study: Farécla achieves faster, more accurate reporting and reduces budgeting from one week to two days with Prophix Software

A Shiny New Take on Finance at Farécla

Farécla Products Ltd., a UK family‑owned maker of surface‑finishing products serving automotive, marine and industrial customers since 1952, needed a more dynamic finance solution for budgeting, forecasting, sales analysis and revenue planning. Its six‑person finance team was overwhelmed by spreadsheets, SKU/part‑level overhead complexity and a budgeting process that took a full week, limiting timely insight as the business grew.

By implementing Prophix’s CPM software—selected for its functionality and intuitive interface—Farécla automated core financial processes and established a single version of the truth. Reporting accuracy and speed improved dramatically (moving from monthly to weekly reporting), budget creation fell from a week to two days, maintenance activities were eliminated, and the finance team could focus on higher‑value analysis, with further time savings planned via Prophix Workflow and pre‑loaded historical data.

Farecla

Jeff Kipling

Finance Director