Case Study: Copenhagen Business School achieves automated activity-based budgeting and rolling forecasts with Prophix Software

An Academic Approach to Budgeting for Copenhagen Business School

Copenhagen Business School (CBS), one of Europe’s largest specialized business universities with about 2,400 employees and 18,000 students, struggled to complete timely salary, project and operational budgets. The Office of Finance lacked up-to-date general ledger data and a formal workflow, which made it difficult to build specialized budgets—notably salary budgeting, which represents roughly 70% of annual expenditures.

By implementing Prophix with a direct integration to Microsoft Dynamics NAV, CBS built flexible budgeting models and now runs activity-based budgeting and costing plus rolling quarterly forecasts. The solution gives finance direct access to tuition and other live data, automates processes, saves significant time, provides a single source of financial truth, and the university plans to extend use with Prophix’s Detailed Planning Manager.

Copenhagen Business School