The performance improvement services provided by Practus assisted the NGO in implementing an excel forecasting model into Prophix and Improving employee performance by shifting from a manual to system-based approach.
|Client||Industry||Ownership||ROI||Management||No. of Employees||Size||Project Duration|
|A Non-Profit Organization||Healthcare||Non-Profit||5.3x||Professional||~150||~$15 Million||2 Months|
About The Company
Healthy Mind is a national nonprofit organization dedicated to improving the lives of children and families who are dealing with mental health and learning issues.
Practus’ Role in Performance Improvement Services
- Phase I: Creation of an effective, automated Excel model for forecasting the financials, taking into consideration employee compensation and fringe benefits.
- Phase II: Incorporation of the forecasting model into Prophix, including the addition of the employee roster and forecasting assumptions for expenses.
Impact Delivered in Performance Improvement Services
- The creation of a fully automated, Excel-based forecasting model saved time (2–3 man-days).
- Implementing an Excel forecasting model into Prophix helped in reducing human errors to a great extent.
- They improved employee performance by shifting from a manual to a system-based approach. This was achieved by making data entry for forecasting undertaken by individual departments in Prophix. This additionally made it less burdensome on the F&A team.