Case Study: Crystal & Company achieves automated financial processes and data-driven insights with Prophix Software

Insuring Valuable Data Analysis at Crystal & Company

Crystal & Company is a U.S. insurance brokerage (420 employees, $131.5M revenue) that had long relied on spreadsheets and rudimentary databases for financial analysis. They hit a 2GB data limit that blocked further insight into their growing operations and left them unable to evaluate performance below a consolidated level.

By deploying Prophix CPM—with an Excel-like interface they could implement without IT—Crystal & Company automated budgeting, consolidation and reporting, built a consolidated financial model and a personnel model, and began allocating costs by headcount, revenue or percentages to units, departments and divisions. The result: faster, more accurate forecasts and monthly reports, better visibility into operating units, more efficient cost allocation, increased profitability and improved employee productivity.

Crystal & Company