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.