Bowen, Miclette & Britt Insurance Agency – - PowerPoint Presentation

Bowen, Miclette & Britt Insurance Agency – Prophix story Operating since: 1993Head office: Houston, TexasAnnual revenue: $30 millionNumber of employees: > 150G/L or ERP: SagittaCompany website: http://www.bmb-inc.com Company background: Bowen, Miclette & Britt provides commercial and personal insurance brokerage and services, including claims management, loss control planning, and catastrophic claims consultation. The company markets and services property/casualty and life insurance and employee benefits plans, primarily in the southern US. Construction, manufacturing, and energy are among the company's key industry customers. It also offers surety bonds, estate planning, and risk management services. The firm's professional employer services division provides administrative services including human resource management and payroll services. Business problems that lead to evaluating CPM, adopting Prophix: Manual reporting work in ExcelWanted a tool that could conduct intercompany eliminations for their subsidiaries (as a holding company, they own portions of other companies)Budgeting in Excel. They wanted more streamlined processes with more control. Zach Schulte, their CAO, conducts their entire budget himself, but he didn’t want to continue playing with 20 different Excel filesWanted a system that could integrate with Sagitta to get a live feed of their data. Prophix is one of the only systems that can do this. Crystal & Company provided a reference for them (also a Sagitta customer)

Bowen, Miclette & Britt Insurance Agency – Prophix story Their Prophix solution:Major differentiator is Prophix’s complete integration with their Sagitta ERP2 cubes: finance and personnelFinancial cubeBalance sheet and income statement reportingConsolidated reporting: intercompany eliminations. Reporting that shows their entities + eliminations + a consolidated viewRunning processes to conduct their allocations and eliminationsBudgeting and reporting out of this cube. Operational expenses budgetingMonthly forecasting for OpEx Personnel cubeBudgeting and planning by employees (salaries, taxes, benefits, merit increases, bonuses)Future plans: Revenue planning set to begin in May, 2014. Will include budgeting by projectInterest in dashboards and scorecards down the line

Life cycle ☐ New implementation Implementation date:☐ Preexisting customer YES Original implementation date: Q2 2013☐ Existing customer, upgrading Original implementation date: ________________Industry (choose all that apply)☐ Agriculture, forestry, and fishing☐ Professional services ☐ Financial services YES (insurance) ☐ Retail ☐ Wholesale and distribution ☐ Telecommunications☐ Healthcare☐ Utilities ☐ Education☐ Architecture, engineering, and construction☐ Life science☐ Transportation and logistics ☐ Manufacturing ☐ High tech☐ Media and entertainment☐ Government☐ Non-profit  Supporting data:

Supporting data: Solutions builtCapabilities used☐ Budgeting YES☐ Automation YES ☐ Forecasting YES ☐ Prophix Mobile☐ Reporting YES☐ Data integration YES☐ Strategic planning ☐ Business modeling YES ☐ Financial consolidation YES ☐ Microsoft platform integration YES☐ Analysis YES☐ Role-based security YES☐ Profitability analysis YES☐ Collaboration YES☐ Personnel planning YES☐ Flexible deployment ☐ Project planning ☐ Ad hoc reporting and visualization YES☐ Revenue planning YES ☐ Capital expenditures planning ☐ Reporting and analytics Planned (dashboards and scorecards)