Centage vs. Prophix

Centage is suited for all types of business. This is what makes this tool so great. It requires some expertise in setting it up and depending on how complex the business is, it may take longer than expected. It's a complex system and if you are not involved in the implementtion it might be hard to learn what is does.

Incentivized

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.

Incentivized

• Planning personnel with all the related benefit expenses is very accurate and we are able to forecast increases as well.
• Storing separate versions of the budget allows us to finalize for the year and have access to the data while we update the default plan with any changes.
• I ilke the way you can add intelligence see the detail of calculations below th eline item.
• I like writing Planning Maestro reports to see drill downs of any item and tie them to our ERP Budget

Incentivized

• 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.

Incentivized

• Head count is a bit strange as each period is considered one Headcount for a total of 12 per year, so we have to adjust when running reports
• would love to be able to attach related expenses in payroll to a kind of employee instead of doing each individually. It's time consuming.
• Have the help more available instead of having to log into separate place

Incentivized

• 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?!

Incentivized

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

I've lived through the changes over the years, and I have found that most financially-minded professionals should have no problems using this system.

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

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

Incentivized

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.

Incentivized

The team makes sure that you get what you need out of the software. They will do whatever is in their power to make sure you're happy and are getting back your investment (time and money).

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!

Incentivized

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.

Incentivized

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.

Incentivized

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.

Incentivized

I used to use an older consolidating product call FRX or something like that, very manual where accounts were adding line the reporting lines one by one.... Centage is far superior, the ability to create custom Dimension hierarchies as improved our reporting 100 fold

Incentivized

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.

Incentivized

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.

Incentivized

• We were a very small company growing by acquisition so it worked well during these phases of our company growth.
• The return for our cost was tremendous especially in comparison to peers in the market.
• Analytics Maestro allowed us to grow without adding headcount by building efficient reports that can easily be mass-produced for all branches within our organization.

Incentivized

• 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.

Incentivized