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.
I didn't select Prophix for our company, but it does some things very well. It is way easier to set up and maintain than Hyperion and BPC, which require ongoing support from our IT department. Prophix only requires us to involve IT when we need to map new external data or …
We chose Prophix because of their better service, their Canadian presence, cost and overall it seemed a better match to our needs. Workday seemed like it was for bigger companies and came at a higher cost.
We were using True Sky prior to Prophix. Prophix is a lot more flexible and user friendly. It is difficult to compare the systems as Prophix is quite a bit more robust. Detailed planning manager in Prophix easily allows you to budget and forecast staffing costs right down to …
I was not apart of the Prophix selection process or the initial implementation. Prophix has been a good tool for us to expand upon and grow and innovate with all of our enhancements. I have not used any other tools like Prophix, but it does have a lot of good features and …
I was not specifically part of the selection process, but it is my understanding that Prophix's security model played a big part in choosing the platform. Gaining efficiencies from processes that were previously done manually in excel was another driving factor. Additionally, a …
I was not involved in the selection process, but I will say that Prophix is 100% easier to use than Hyperion and Cognos. It is very user friendly for those finance users who do not have a SQL background.
Prophix works for our business and is flexible enough to work for a number of different types of business. We are able to work with Prophix to develop cubes that record out business needs and supply our budget holders with graphical data to support their reporting needs. The …
Prophix customer service has been exceptional whenever we needed them.
Verified User
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Chose Prophix
The learning curve to understanding Prophix is far less severe than it has been with other softwares. It requires much less time in order to learn how to be a beginning user and then each progression to deeper levels of understanding is remarkably easy. I appreciate the …
The price was one of the biggest thing that had us looking at Prophix. Also how customized it could be with us. Prophix was willing to work with us as a partner and not just have us take their out of the box product, but actually create our own with them.
Prophix is significantly better than these two products and at a better price. We tried implementing DataRails and it just didn't work for us as the struggled mightily with implementation. The Prophix implementation was very smooth and the support team was an absolute pleasure …
Workday seems as though it had similar features, price point was much higher. We selected Prophix because we had it many years ago before the cloud and several new features.
We compared Prophix with Board and Adaptive Planning. Prophix seemed to be much more user friendly when compared to Board. It was just a more robust product. It did stack very well with Workday Adaptive Planning, but what set them apart was that Prophix has a great …
While all had similar features at the time of our evaluation, especially from the reporting standpoint. Prophix worked best for our zero-based budgeting model and the level of detail that we were looking to maintain. We also felt it was a better fit for our Dynamics GP …
Prophix is a huge step above the rest. The implementation process took less than 3 months compared to others that took 6-12 months. The learning curve with Prophix is so easy that almost everyone catches on right away. Just cannot say enough good things about this aspect of …
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.
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.
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?!
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
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
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.
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!
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.
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.
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.
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.
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.
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.