NetSuite ERP vs. Prophix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
NetSuite ERP
Score 8.0 out of 10
N/A
NetSuite is a suite of ERP and accounting modules which is sold in various editions aimed at different size customers. The multi-country, multi-currency version is an additional module called OneWorld. Netsuite is a SaaS system and is not offered in an on-premise edition.N/A
Prophix
Score 8.6 out of 10
Enterprise companies (1,001+ employees)
Prophix One, a Financial Performance Platform, is used to improve the speed and accuracy of decision-making within a harmonized user experience. To reduce complexity and uncertainty, the software offers automated insights and planning, budgeting, forecasting, reporting, and consolidation functionalities.N/A
Pricing
NetSuite ERPProphix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
NetSuite ERPProphix
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional DetailsUsers subscribe to NetSuite for an annual license fee. The license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. New modules and users and can be added as a business grows.
More Pricing Information
Community Pulse
NetSuite ERPProphix
Considered Both Products
NetSuite ERP

No answer on this topic

Prophix
Chose Prophix
I used Hyperion Financial Management at my last company. Different situation as that was a larger global organization that had been on HFM for years. Prophix is much easier to configure and implement within a smaller organization. HFM may be the gold standard in financial …
Chose Prophix
Prophix was very close to Adaptive. Ultimately, we chose it over Adaptive for reasons of ease of adoption, clearly outlined post-implementation costs & support, and the fact that the company only produces one software, and focuses its attention only on this.

NetSuite was a …
Chose Prophix
For our specific use and purpose, most of the packages we reviewed would meet practically all of our needs. Therefore, it came down to the ease/timing of implementation, the availability of support personnel, and the ability to customize for our specific needs. Prophix met …
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
NetSuite ERPProphix
Payroll Management
Comparison of Payroll Management features of Product A and Product B
NetSuite ERP
1.1
15 Ratings
147% below category average
Prophix
-
Ratings
Pay calculation1.013 Ratings00 Ratings
Benefit plan administration1.010 Ratings00 Ratings
Direct deposit files1.39 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
NetSuite ERP
9.2
74 Ratings
23% above category average
Prophix
-
Ratings
API for custom integration9.264 Ratings00 Ratings
Plug-ins9.647 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
NetSuite ERP
9.3
81 Ratings
13% above category average
Prophix
-
Ratings
Single sign-on capability9.362 Ratings00 Ratings
Role-based user permissions9.380 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
NetSuite ERP
9.4
72 Ratings
30% above category average
Prophix
-
Ratings
Dashboards9.471 Ratings00 Ratings
Standard reports9.470 Ratings00 Ratings
Custom reports9.470 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
NetSuite ERP
7.7
258 Ratings
1% above category average
Prophix
-
Ratings
Accounts payable8.3252 Ratings00 Ratings
Accounts receivable8.3233 Ratings00 Ratings
Global Financial Support9.626 Ratings00 Ratings
Primary and Secondary Ledgers9.628 Ratings00 Ratings
Journals and Reconciliations9.241 Ratings00 Ratings
Configurable Accounting9.635 Ratings00 Ratings
Standardized Processes9.637 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
NetSuite ERP
8.9
48 Ratings
13% above category average
Prophix
-
Ratings
Inventory tracking9.847 Ratings00 Ratings
Automatic reordering8.728 Ratings00 Ratings
Location management9.335 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
NetSuite ERP
8.9
207 Ratings
14% above category average
Prophix
-
Ratings
Pricing9.453 Ratings00 Ratings
Order entry8.1203 Ratings00 Ratings
Credit card processing8.637 Ratings00 Ratings
Cost of goods sold9.048 Ratings00 Ratings
Order Orchestration9.621 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
NetSuite ERP
7.6
199 Ratings
3% above category average
Prophix
-
Ratings
Billing Management8.3188 Ratings00 Ratings
Cash and Asset Management9.627 Ratings00 Ratings
Travel & Expense Management8.931 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.627 Ratings00 Ratings
Period Close9.635 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
NetSuite ERP
6.5
32 Ratings
16% below category average
Prophix
-
Ratings
Budgeting and Forecasting5.926 Ratings00 Ratings
Project Costing5.923 Ratings00 Ratings
Cost Capture5.922 Ratings00 Ratings
Capital Project Management4.014 Ratings00 Ratings
Customer Contract Compliance9.613 Ratings00 Ratings
Project Revenue Recognition6.822 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
NetSuite ERP
4.1
17 Ratings
50% below category average
Prophix
-
Ratings
Project Planning and Scheduling8.714 Ratings00 Ratings
Task Insight for Project Managers3.311 Ratings00 Ratings
Project Mobile Functionality3.010 Ratings00 Ratings
Definable Resource Pools3.68 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
NetSuite ERP
3.1
12 Ratings
84% below category average
Prophix
-
Ratings
Award Lifecycle Management3.57 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
NetSuite ERP
3.3
19 Ratings
71% below category average
Prophix
-
Ratings
Bids Analyzed and Compared3.58 Ratings00 Ratings
Contract Authoring1.910 Ratings00 Ratings
Contract Repository3.58 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated3.613 Ratings00 Ratings
Supplier Management9.713 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
NetSuite ERP
3.1
11 Ratings
71% below category average
Prophix
-
Ratings
Risk Repository3.58 Ratings00 Ratings
Control Management2.011 Ratings00 Ratings
Control Efficiency Assessments3.57 Ratings00 Ratings
Issue Detection3.58 Ratings00 Ratings
Remediation and Certification3.58 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
NetSuite ERP
3.0
17 Ratings
78% below category average
Prophix
-
Ratings
Transportation Planning and Optimization2.89 Ratings00 Ratings
Transportation Execution Management2.88 Ratings00 Ratings
Trade and Customs Management2.88 Ratings00 Ratings
Fulfillment Management9.614 Ratings00 Ratings
Warehouse Workforce Management2.511 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
NetSuite ERP
9.1
16 Ratings
19% above category average
Prophix
-
Ratings
Production Process Design8.712 Ratings00 Ratings
Production Management8.714 Ratings00 Ratings
Configuration Management9.610 Ratings00 Ratings
Work Execution9.612 Ratings00 Ratings
Manufacturing Costs8.714 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
NetSuite ERP
8.0
132 Ratings
10% above category average
Prophix
-
Ratings
Forecasting8.117 Ratings00 Ratings
Inventory Planning7.4129 Ratings00 Ratings
Performance Monitoring8.714 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
NetSuite ERP
3.8
13 Ratings
63% below category average
Prophix
-
Ratings
Proposal Management2.610 Ratings00 Ratings
Product Master Data Management3.29 Ratings00 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
7.0
11 Ratings
13% below category average
Customizable dashboards00 Ratings7.010 Ratings
Report Formatting Templates00 Ratings7.110 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
9.0
94 Ratings
9% above category average
Drill-down analysis00 Ratings9.693 Ratings
Formatting capabilities00 Ratings8.591 Ratings
Report sharing and collaboration00 Ratings8.888 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
8.9
86 Ratings
9% above category average
Publish to PDF00 Ratings9.381 Ratings
Report Versioning00 Ratings8.061 Ratings
Report Delivery Scheduling00 Ratings9.273 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
6.5
34 Ratings
16% below category average
Predictive Analytics00 Ratings6.534 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
8.9
90 Ratings
2% above category average
Multi-User Support (named login)00 Ratings9.487 Ratings
Role-Based Security Model00 Ratings8.887 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.890 Ratings
Report-Level Access Control00 Ratings8.631 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
9.5
45 Ratings
17% above category average
Responsive Design for Web Access00 Ratings9.545 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
9.1
191 Ratings
9% above category average
Long-term financial planning00 Ratings9.3157 Ratings
Financial budgeting00 Ratings9.3186 Ratings
Forecasting00 Ratings8.7178 Ratings
Scenario modeling00 Ratings8.8144 Ratings
Management reporting00 Ratings9.3183 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
8.4
154 Ratings
5% above category average
Financial data consolidation00 Ratings9.6126 Ratings
Journal entries and reports00 Ratings9.379 Ratings
Multi-currency management00 Ratings7.762 Ratings
Intercompany Eliminations00 Ratings8.772 Ratings
Minority Ownership00 Ratings7.028 Ratings
Local and consolidated reporting00 Ratings9.0108 Ratings
Detailed Audit Trails00 Ratings7.588 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
8.4
183 Ratings
2% above category average
Financial Statement Reporting00 Ratings9.3166 Ratings
Management Reporting00 Ratings9.4177 Ratings
Excel-based Reporting00 Ratings9.2161 Ratings
Automated board and financial reporting00 Ratings9.0139 Ratings
XBRL support for regulatory filing00 Ratings5.25 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
7.8
159 Ratings
3% below category average
Personalized dashboards00 Ratings8.6146 Ratings
Color-coded scorecards00 Ratings7.9105 Ratings
KPIs00 Ratings7.7115 Ratings
Cost and profitability analysis00 Ratings7.6115 Ratings
Key Performance Indicator setting00 Ratings7.493 Ratings
Benchmarking with external data00 Ratings7.463 Ratings
Integration
Comparison of Integration features of Product A and Product B
NetSuite ERP
-
Ratings
Prophix
9.3
179 Ratings
12% above category average
Flat file integration00 Ratings9.2142 Ratings
Excel data integration00 Ratings9.2157 Ratings
Direct links to 3rd-party data sources00 Ratings9.5137 Ratings
Best Alternatives
NetSuite ERPProphix
Small Businesses
Acumatica
Acumatica
Score 8.8 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.3 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.1 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
NetSuite ERPProphix
Likelihood to Recommend
8.5
(356 ratings)
8.9
(209 ratings)
Likelihood to Renew
9.2
(49 ratings)
10.0
(16 ratings)
Usability
8.6
(231 ratings)
8.6
(44 ratings)
Availability
9.0
(16 ratings)
10.0
(26 ratings)
Performance
8.0
(15 ratings)
8.0
(25 ratings)
Support Rating
7.1
(215 ratings)
8.1
(120 ratings)
In-Person Training
7.3
(2 ratings)
8.2
(10 ratings)
Online Training
6.4
(10 ratings)
8.7
(12 ratings)
Implementation Rating
6.4
(17 ratings)
8.8
(19 ratings)
Configurability
8.7
(5 ratings)
8.7
(11 ratings)
Ease of integration
7.3
(3 ratings)
9.0
(28 ratings)
Product Scalability
9.0
(8 ratings)
9.0
(23 ratings)
Vendor post-sale
4.8
(2 ratings)
9.1
(20 ratings)
Vendor pre-sale
5.0
(1 ratings)
8.8
(18 ratings)
User Testimonials
NetSuite ERPProphix
Likelihood to Recommend
NetSuite
Really in this hybrid environment, being up in the cloud and being able to securely access the data and work from anywhere, I think it's a real game changer for my team. So I really like the fact that NetSuite keeps up with security features and allows users to access it from anywhere.
Read full review
Prophix Software
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.
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Pros
NetSuite
  • NetSuite does analytics very well.
  • They do reporting very well. I love the ability to have control over how the information flows through my NetSuite, my user roles, and my responsibilities. I can assign certain tasks to certain people, and they do that and then also have the control to approve that and make sure it's done correctly.
  • Just being able to drill down into a particular GL account or into a particular line item and see what really makes that up and what's driving our certain costs.
Read full review
Prophix Software
  • 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.
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Cons
NetSuite
  • Honestly, right now, my biggest pain point is kind of our own doing, but I would appreciate a little bit more support and help in the area of performance management and kind of understanding how our application is built, what are the best choices for customizing or solving a problem in terms of performance, because our company is rather large, we have a lot of data coming in and out, and that has been an issue for us recently.
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Prophix Software
  • 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?!
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Likelihood to Renew
NetSuite
NetSuite is able to cover all of our needs, spanning multiple departments and managerial levels. We use it daily for a multitude of functions, including creating promotions, estimating inventory, pulling historical reports, forecasting sales, and more. Overall, we're very satisfied with NetSuite as an ERP solution and recommend it to medium to large businesses.
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Prophix Software
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
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Usability
NetSuite
I have given this rating due to below use cases: - Order Management - Advanced Revenue Management - Invoicing - Automated Billing - Inbound and Outbound Integrations with applications such as Salesforce, Zip, Stripe, Mavenlink, Avalara, Floquast - Project management and billing - Training -Customer Support - Knowledge Article Support
Read full review
Prophix Software
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
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Reliability and Availability
NetSuite
It has been very reliable. I can only think of 1-2 times in 4.5 years that we have had issues getting in, and in each case were able to get back in within 1 hour. There has not been a major downtime
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Prophix Software
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
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Performance
NetSuite
Most of the time the performance is very good. Pages load in a few seconds; financial reports take less than 5 seconds; basic searches take a few seconds. But performance can be sporadic throughout the day and cause the run time to triple.
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Prophix Software
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.
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Support Rating
NetSuite
The account rep changes quite often, which requires restarting. Suite Answers is a very good tool but can be hard to use for somebody who is not fully confident with Netsuite. Asking questions that are not already answered in Suite Answers can be rough. Training is readily available, but most of the time stays on the surface and doesn't answer medium to more advanced questions.
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Prophix Software
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!
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In-Person Training
NetSuite
I had in person training for a day when first got the software. The training was good. The challenge was that there was a large gap between training and when we went live so we forgot quite a lot
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Prophix Software
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.
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Online Training
NetSuite
Online training is quite strong. I have used for specific pieces of functionality.However it is not sufficient in all areas.
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Prophix Software
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.
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Implementation Rating
NetSuite
I felt NetSuite Professional Services did an excellent job of guiding us in the implementation. I also felt our internal teams were a little resistant to the change and engagement of new software. Had we performed better engaging and buying into the new software, I would be able to rate the implementation better. Therefore, the lower number should not be viewed as a deficiency with the software or the professional services teams, but as an reminder of how important complete buy-in from the local users is.
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Prophix Software
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.
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Alternatives Considered
NetSuite
Well, the reason why I'm with NetSuite is because obviously it beats out those other options quite considerably. It gave us the whole ecosystem that gave us everything we needed. I didn't need a dedicated administrator whose full-time job is to deal with it like our current system would need to really be useful. I can find people or train people how to use it right away. So for us, that really beats it out compared to the Sage and QuickBooks where we were looking at it from a perspective of, yeah, we can find people who are experts in those fields. They don't scale up to the size that we need as we're going to really quickly go from R&D company into doing tens of millions of dollars a year in revenue and activities. So that's where it beats us out over say Sage or QuickBooks is it's got that complete scalability. We can go to multiple subsidiaries, foreign currency, not a problem. It's got that full functionality.
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Prophix Software
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.
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Scalability
NetSuite
We have been able to scale our business 25X without any major overhaul with Netsuite. Its dashboard setup makes onboarding new employees very easy and allows data to be shared across multiple offices. Its cloud setup does not put any pressure on IT to scale servers or other infrastructure. We have been able to become much more efficient in all aspects of the business.
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Prophix Software
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.
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Return on Investment
NetSuite
  • Positive impact, again, it's our source of truth, so we are able to not have questions about how much money we have in the bank or do we have enough material to build this job. Being able to know those things immediately is super valuable.
  • I mean it's the grease that skids the wheels that gets us to accomplish the things that we do in our business.
Read full review
Prophix Software
  • 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

NetSuite ERP Screenshots

Screenshot of one view into the most critical business processes.Screenshot of Mobile-friendly design

Prophix Screenshots

Screenshot of Prophix One Portal: One single point of entry into Prophix One through its portal simplifies access and authentication but also allows seamless movement between applications.Screenshot of Chart Insights, one of the AI Insights capabilities that utilizes Artificial Intelligence and Natural Language Processing to provide enhanced business awareness.  Chart Insights extends the important details contained within dashboards, and analyzes the complete dataset behind the dashboard, automatically surfacing the data relationships not obvious in dashboard visualizations alone. It then provides a summary of key performance metrics found buried within Prophix charts.  It also summarizes the important insights in plain English.Screenshot of Prophix One Financial Planning & Analysis: Prophix's self-serve dashboards and visualizations are directly integrated with data, workflow tasks, announcements, and external URLs and databases. Dashboard Studio helps users to be informed and make better business decisions.Screenshot of Detailed interactive charts and graphs that Prophix offers to uncover insights. Prophix’s visual analytics are linked directly to data with transaction details.  There is no need to input the numbers.  Prophix does this tedious work, automatically.Screenshot of Prophix’s Workflow Manager, used to assign tasks to users and facilitate approvals across the business.  Stakeholder input can be captured directly with the ability to add comments and notes in a single unified database.Screenshot of Cell Comments, that allow users to add supporting details like notes and attachments to data.  Since comments are stored with the data, they can be viewed in any template along with their trailing history. Cell Comment Reports can also be generated to show all comments from any data view in one convenient report.