Case Study: SECO Energy achieves streamlined, collaborative budgeting and tighter financial control with Prophix Software

Electrifying Financial Success at SECO Energy

SECO Energy, the third-largest electric cooperative in Florida serving nearly 200,000 customers, faced a slow, error-prone budgeting process built on Excel spreadsheets and paper reports. With limited involvement from department managers, the finance team struggled to complete budgets on time, trace variances, and track expenses and general plant project costs.

By implementing Prophix’s unified CPM solution, SECO automated workflows, shared budgeting responsibilities across VPs, managers and accounting, and enabled granular budgeting for revenues, purchased power, personnel and projects. The finance team now produces detailed comparison and daily project reports, automates cost allocations, and expanded personnel planning — leading to more accurate coding, faster project closes, better manager accountability, and stronger control over headcount, overtime and project budgets.

Seco Energy