Case Study: Terma achieves standardized budgeting, faster forecasting and dynamic reporting with Prophix Software

Terma - Customer Case Study

Terma, a Danish aerospace and defense company with global operations, faced limitations from a home-grown SQL budgeting system that was inflexible, relied on a single data-update owner, and made forecasting and reporting complex and slow. As the business expanded across Europe, Asia and North America, Terma needed a simpler, standardized approach to budgeting, forecasting and reporting.

Terma implemented Prophix for its configurable standard functionality and accelerated rollout, delivering customized reporting within two months. The new solution enabled dynamic, drill-down reporting in four currencies, drove broad user adoption across affiliates, streamlined detailed budget planning, and improved finance productivity—positioning Terma for continued international growth.

Terma

Carsten Mørk

Manager of Strategic Projects