What users are saying about
19 Ratings
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Top Rated
211 Ratings
19 Ratings
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Score 9.4 out of 100

Prophix

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Top Rated
211 Ratings
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Score 8.9 out of 100

Likelihood to Recommend

FloQast

We use FloQast for our entire close process - from reconciliations to checklist items. This helps my team stay focused - move through the close process quickly, and there are fewer items that get forgotten or overlooked.
Jennifer Bradshaw | TrustRadius Reviewer

Prophix

Prophix is adaptable to many different types of organizations. It is an exceptional tool for budget development, even across complex organizations. Prophix also allows a much more flexible approach to financial reporting and analysis than is offered in most ERP systems. An added bonus is the ability that Prophix has to handle long-range planning and forecasting.
Mark Russell | TrustRadius Reviewer

Feature Rating Comparison

Ad-hoc Reporting

FloQast
Prophix
8.6
Drill-down analysis
FloQast
Prophix
9.0
Formatting capabilities
FloQast
Prophix
7.8
Report sharing and collaboration
FloQast
Prophix
8.8

Report Output and Scheduling

FloQast
Prophix
8.3
Publish to PDF
FloQast
Prophix
8.7
Report Versioning
FloQast
Prophix
8.0
Report Delivery Scheduling
FloQast
Prophix
8.2

Data Discovery and Visualization

FloQast
Prophix
7.4
Predictive Analytics
FloQast
Prophix
7.4

Access Control and Security

FloQast
Prophix
9.2
Multi-User Support (named login)
FloQast
Prophix
9.2
Role-Based Security Model
FloQast
Prophix
9.2
Multiple Access Permission Levels (Create, Read, Delete)
FloQast
Prophix
9.2

Mobile Capabilities

FloQast
Prophix
8.7
Responsive Design for Web Access
FloQast
Prophix
8.7

Budgeting, Planning, and Forecasting

FloQast
Prophix
8.6
Long-term financial planning
FloQast
Prophix
8.3
Financial budgeting
FloQast
Prophix
9.2
Forecasting
FloQast
Prophix
8.7
Scenario modeling
FloQast
Prophix
8.2
Management reporting
FloQast
Prophix
8.9

Consolidation and Close

FloQast
Prophix
7.6
Financial data consolidation
FloQast
Prophix
8.9
Journal entries and reports
FloQast
Prophix
7.8
Multi-currency management
FloQast
Prophix
7.1
Intercompany Eliminations
FloQast
Prophix
7.7
Minority Ownership
FloQast
Prophix
5.8
Local and consolidated reporting
FloQast
Prophix
8.7
Detailed Audit Trails
FloQast
Prophix
7.4

Financial Reporting and Compliance

FloQast
Prophix
7.9
Financial Statement Reporting
FloQast
Prophix
8.8
Management Reporting
FloQast
Prophix
8.8
Excel-based Reporting
FloQast
Prophix
8.5
Automated board and financial reporting
FloQast
Prophix
8.7
XBRL support for regulatory filing
FloQast
Prophix
4.5

Analytics

FloQast
Prophix
7.7
Personalized dashboards
FloQast
Prophix
8.3
Color-coded scorecards
FloQast
Prophix
7.3
KPIs
FloQast
Prophix
7.5
Cost and profitability analysis
FloQast
Prophix
8.1
Key Performance Indicator setting
FloQast
Prophix
7.6
Benchmarking with external data
FloQast
Prophix
7.1

Integration

FloQast
Prophix
8.1
Flat file integration
FloQast
Prophix
8.1
Excel data integration
FloQast
Prophix
8.3
Direct links to 3rd-party data sources
FloQast
Prophix
7.8

Pros

FloQast

  • Efficient and reliable close - We can "breeze" through and quickly close.
  • Great UI - Now able to make changes line by line during the close/add notes/tasks etc.
Katrina Spaeth | TrustRadius Reviewer

Prophix

  • Prophix helps tremendously with the budgeting process. It allows scalability when we add new programs. The flexibility of Prophix allows for an accurate and efficient budgeting process.
  • Prophix does an excellent job at building data integrations, which helps feed the most recent data into Prophix with no manual processes.
  • Prophix's customer support team is amazing and is always willing to help you build more functionality into the product as time goes on and additional needs are identified.
Alex Kaiser | TrustRadius Reviewer

Cons

FloQast

  • I'd like to have export capability in analytics.
  • I'd like to be able to edit reconciliations on the fly just like checklist items.
Anonymous | TrustRadius Reviewer

Prophix

  • More flexibility needed in dashboard chart design
  • More flexibility in how accounts roll-up (children added together = parent total; sometimes I need to average the children to get the parent, but that is not a current feature)
  • I wish ad hoc analysis was available for standard users
Marcia Jo Frazier | TrustRadius Reviewer

Likelihood to Renew

FloQast

No score
No answers yet
No answers on this topic

Prophix

Prophix 10.0
Based on 16 answers
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
Tim McCarthy | TrustRadius Reviewer

Usability

FloQast

No score
No answers yet
No answers on this topic

Prophix

Prophix 8.6
Based on 37 answers
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
Anonymous | TrustRadius Reviewer

Reliability and Availability

FloQast

No score
No answers yet
No answers on this topic

Prophix

Prophix 9.7
Based on 31 answers
Prophix has never been unavailable in the 3 years we have used the system. Any outages we have had have been due to internal issues not the Prophix software itself
Anonymous | TrustRadius Reviewer

Performance

FloQast

No score
No answers yet
No answers on this topic

Prophix

Prophix 9.6
Based on 31 answers
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.
William Van Hulzen | TrustRadius Reviewer

Support Rating

FloQast

FloQast 9.9
Based on 6 answers
Our experience with Customer Support has been great. We have not had any issues in communication nor in assistance from the customer service team. They have always been helpful in assisting us with either technical issues, set up of new users, simple questions regarding updates or complicated ones about integrations.
Anonymous | TrustRadius Reviewer

Prophix

Prophix 8.8
Based on 202 answers
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!
Anonymous | TrustRadius Reviewer

In-Person Training

FloQast

No score
No answers yet
No answers on this topic

Prophix

Prophix 8.7
Based on 8 answers
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.
Anonymous | TrustRadius Reviewer

Online Training

FloQast

No score
No answers yet
No answers on this topic

Prophix

Prophix 8.5
Based on 10 answers
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.
Anonymous | TrustRadius Reviewer

Implementation Rating

FloQast

No score
No answers yet
No answers on this topic

Prophix

Prophix 7.3
Based on 27 answers
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.
Carl Evans | TrustRadius Reviewer

Alternatives Considered

FloQast

FloQast stacks up extremely well to BlackLine, at a fraction of the cost. While BlackLine may have more top-end options, much of it is not applicable to the mid-market space. FloQast would instantly provide a significant boost to any mid-market company, while BlackLine would be akin to "taking a rocket-ship to the grocery store".FloQast is simply the better option.
Anonymous | TrustRadius Reviewer

Prophix

Workday Adaptive Planning had some excellent looking features such as report design and processing speed and efficiency. Fiserv Prologue really excels at providing banking specific functionality built-in. We ultimately felt the Prophix provides the best blend of the other two's strengths and did so with a great value for the price and excellent customer service through sales, product, marketing and integration.
Ben Swinney | TrustRadius Reviewer

Scalability

FloQast

No score
No answers yet
No answers on this topic

Prophix

Prophix 8.7
Based on 18 answers
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.
Kevin Warnick | TrustRadius Reviewer

Return on Investment

FloQast

  • Helped us streamline our monthly close process which helped with year end
  • Helped get eyes on accounts that were somewhat ignored previously
  • The Google Drive integration has been helpful for working remotely
Anonymous | TrustRadius Reviewer

Prophix

  • Not only did it cut significant time off our budgeting cycle, but it allowed us to do things we couldn't even do in excel versions (i.e., load in another month of data for comparables three days before presenting to executive team).
  • Month-end reporting has resulted in the ability to continually tweak reporting to focus end-users on what's important; our previous reporting package (inside our accounting software) was far too cumbersome to make this work.
  • Moving all of my other data functions inside Prophix has resulted in not only a lot more efficiency for me, *but* it allows me answer about 95% of ad hoc questions coming at me with the data I now have stored, as opposed to starting from scratch by extracting raw data out of our original systems every time.
Michael Senchuk | TrustRadius Reviewer

Screenshots

Pricing Details

FloQast

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
Required

Prophix

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

Rating Summary

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