Likelihood to Recommend Based on my limited experience and use, and therefore limited global knowledge of the software, I would recommend it especially if the data that will be used as inputs to the model has previously worked on a spreadsheet such as Excel. I would also recommend it to analyze problems of medium and small size. Given the experience I have had when I have used it with large problems, there have been noticeable decreases in the speed of response (which are not associated with the size of the system of equations involved in the calculation). Excellent for processing linear programming models.
Read full review Being able to allow all budget holders access to their reports via Prophix and having charts on the dashboards which give an image of where we are financially as a company each month is really helpful, our users appreciate the access and not receiving emails with reports. The drill down in the reports provides much more detail for the budget holders and going forward we are going to try to use the line item details to provided a greater amount of information. Using the Detailed Planning Manager for Personnel Planning during budget setting was a game changer - being able to view the costs and being much more accurate with regard to start and end dates and applying a cost of living increase which we could adjust to see how it would affect the budget overall was really helpful.
Read full review Pros Easy to use and learn. Strong optimization platform for business and supply chain problems which can be modeled in Excel It can handle multiple objectives and more than 8000 decision variables in a problem. Lots of tutorial and examples are available to solve the problem Read full review ONU has benefitted by moving away from a centralized, Excel-based budget process by implementing Prophix to a decentralized process that engages budget managers in the development of the University's budget. Prophix offers tremendous flexibility in reporting that is not available through our ERP system. Prophix is very adaptable to many different types of industries. Its flexibility and adaptability is one of its biggest strengths. The ability to set up workflows for a variety of tasks within Prophix is very beneficial for tracking purposes. Read full review Cons On the few occasions when I have used it to deal with problems of optimization of relatively large parameters (with a large number of restrictions and decision variables), the program has been slower, not substantially but slower, than programs such as the WinQsb, even when the latter runs on 32-bit machines and not 64. That has caught my attention, even though it is not a real problem for the uses I give to the program. Given my partial function as a university professor, it has been much more effective and practical to use other software, due to the limited options that the educational license associated with the software has. Read full review Version control; there are issues using the same budget version in multiple years if adding detail (line item detail). What Prophix has explained as a benefit is a huge detriment for us and we've been working with them for 6 months on a fix and it's yet to get resolved There are certain aspects that a messy; within our budgeting and forecasting detail, we have "unexplained balance" lines that show up that are distracting and add no value. Lack of a centralized location for content outside of tool; for example, training, help, support, intranet, etc are all separate websites and not easy to get to. I'm not sure why all of this isn't linked to the same account and accessible through the tool. Why should we need separate passwords for everything Prophix?! Read full review Likelihood to Renew The system works well for us, and meets all of our needs. All of our future plans can and will be achieved within Prophix, so there is no need to pursue another product. Prophix has continuously proven to improve their product over the years, which provides an even higher level of confidence in this tool, and future developments
Read full review Usability The data can be sliced and diced many ways, and each user is able to do it however they like. It is easy to create or run existing reports. We have made many of our processes more efficient, and Prophix has allowed us to save more time than you can imagine. We are able to use Prophix for Expense tracking, Expense and Capital planning, reforecasting, Compensation planning, Project tracking, Expense allocation, GAAP PLOB reporting, and still have several more tasks to implement through Prophix
Read full review Reliability and Availability Prophix's CS is one of the best that we communicate with. Response time is reasonable, and they can communicate via email or phone or Teams. Multiple ways to communicate and if any additional questions that they cannot answer, i am redirected to the correct individual to assist
Read full review Performance Prophix has always performed consistently. We are using on-premise so many factors can contribute to slower than desired performance, most having nothing to do with Prophix itself. If we move to the web-client cloud based solution I believe performance will even be better.
Read full review Support Rating The Prophix staff is very helpful and quick to respond. I like that they teach me instead of doing it for me when possible, so I don't have to contact them as often! Never talked to anyone at Prophix that I didn't respect or think highly of! Very professional, great customer service!
Read full review In-Person Training The initial integration consultant was very helpful in making sure we were set up with all the essential uses we required: reporting/budgeting/forecasting. There was a learning curve but our consultant made it very easy to understand and helped me be comfortable in my Global Admin role in the system. Even after integration, we were given support whenever I came up with an idea I would get in touch and I would be trained on how I can implement it.
Read full review Online Training We used our system and created a test cube to work with our own data. We ran through the different functions of Prophix and covered alot of material. We did two sessions a week, with homework tasks assigned. We were able to ask questions and cover any questions during the followup sessions.
Read full review Implementation Rating Prophix Consulting should bring, in house, chargeable expertise in Oracle EBS table access for Drill Across and provide reasonable limits on dimension member combinations so there are no unreasonable expectations about the application of multi dimensional cubes to detail, such as revenue by product and customer.
Read full review Alternatives Considered We believe in building the models in Excel. A limitation with Excel is that Excel Solver can not take more than 200 decision variables with multiple constraints. It is cheap in terms of license and maintenance fees against other softwares which are available in the market.
Read full review We found Prophix to be more flexible than the other solutions. It proved to have less of an implementation timeframe, and we felt more comfortable supporting the system ourselves post-implementation. We were also surprised to find that Prophix's pricing was more competitive than its rivals, which made the decision process quite easy.
Read full review Scalability We are a medium sized company, but the structure of Prophix would seemingly adapt to whatever sized organization you have. It also can be applied in any area of an enterprise that needs performance management, whether it involves financial data or not. The potential for application within the enterprise is really only limited by you imagination.
Read full review Return on Investment - It has allowed finding ways to optimize (minimizing costs or times) the field processes involved in various projects. It has even allowed, in specific cases where it was used for that purpose, to optimize the allocation of resources (people) to work in different jobs that present weekly variations of the activity that these people must perform. It has allowed the sensitivity analysis of projects to changes in the decision variables related to them, which, and in very dynamic and changing environments, resulted in substantial decreases in money losses. Read full review The greatest impact Prophix has had is provided useful data for business decisions, especially with variance analysis and real time production data. Prophix has saved our company a considerable amount of time during our budgeting/forecast process as well as reporting actuals and variance to managers. Read full review ScreenShots