Case Study: Pictet achieves faster consolidated month-end reporting and greater flexibility with Prophix Software

Flexibility, autonomy, and unified operations for Pictet

Pictet is a Geneva-based wealth and asset manager with over 4,000 employees overseeing a portfolio of 40+ companies across 10 countries and multiple currencies. The group needed a secure, fast monthly consolidation process (reports at D+4) but faced strict IT constraints and a tight implementation timeline.

Pictet deployed Prophix Financial Consolidation to import bank accounting data for statutory consolidations and monthly analytics, using a clear business-line logic that was quick to learn. The project finished in 23 days (one day ahead of schedule); consolidations now complete in 2.5 days, with faster month-end reporting, easier addition of companies, and simpler updates thanks to alignment with the ERP chart of accounts.

Pictet

Vincent Simon

Head of Accounting