Case Study: Moneris achieves improved forecasting accuracy and automated reporting with Prophix Software

Moneris - Customer Case Study

Moneris, Canada’s largest payments provider, needed to improve interchange revenue forecasting, automate time-consuming monthly reports, and move off Excel so Finance could act as a strategic partner. After an unsuccessful attempt with another vendor, they selected Prophix for its strong support, report customizability, and dynamic forecasting capabilities.

Prophix delivered automated, customizable reporting, flexible revenue forecasts and cost-center scenario modeling with real-time driver updates. The solution saved about 15 hours per week for FP&A (30 hours across the organization), sped month-end decisions, improved forecasting accuracy and board expectations, and freed Finance to focus on strategic planning and cross-company collaboration.

Moneris

Dawar Siddiqui

Financial Planning & Analysis