Case Study: Myriad Genetics achieves streamlined multi-currency forecasting and a faster month-end close with Prophix Software

The DNA of a Successful Finance Function at Myriad Genetics

Myriad Genetics, a global molecular diagnostics company, struggled with an increasingly fragile finance process built around a massive 100‑tab spreadsheet and manual Excel exchanges between its Zurich and U.S. offices. These workarounds created security risks, prevented timely updates and functional‑currency reporting, and produced bottlenecks that stretched the month‑end close to 5–7 days.

After implementing Prophix CPM, Myriad automated multi‑currency budgeting, forecasting, consolidation and reporting, enabling rapid scenario modeling and self‑service reporting for international users. The solution cut the month‑end close by about two days, delivered consolidated balance sheets and rolling forecasts, improved transparency into international performance, and let the finance team respond quickly to sudden market events.

Myriad Genetics