Case Study: Ionis Pharmaceuticals achieves automated, on‑demand financial reporting with Prophix Software

Prescribing A New Finance Function for Ionis Pharmaceuticals

Ionis Pharmaceuticals, a leader in RNA-targeted drug discovery, faced slow, fragmented financial reporting driven by three legacy tools (IBM Cognos, Microsoft FRx and an older Prophix). The Office of Finance lacked flexibility to respond quickly to changing trial costs and accounts, and producing quarterly reports took roughly half a day plus regular monthly effort.

Ionis replaced their legacy stack with Prophix, connecting it directly to Microsoft Dynamics GP for nightly data loads, building new report templates and on-demand, rolled-up views. The finance team now produces real-time variance reports (budget vs. actual, MTD, YTD), maintains control of reporting without external support, and IT retains system oversight—delivering faster, more flexible and easier-to-use financial insight.

Ionis Pharmaceuticals