TrustRadius
Phophix offers a Corporate Performance Management (CPM) software that enables budgeting, planning, and reporting. Prophix emphasizes the software’s ability to automate data management and reporting tasks.https://media.trustradius.com/product-logos/qY/53/16BPDT5QHRXO.JPEGProphix is a great budgeting tool!We use Prophix for our budgets and reporting. Our entire organization uses Prophix for budgeting. Each department puts together their entire budget in Prophix and then I am in charge of all departments. I make sure their budgets were created and approved and then I monitor throughout the year. Prophix has helped us tremendously with staying organized and getting our budgets done timely.,Line item Detail is one of my favorite functions. It is such a simple, easy thing but helps a lot with staying organized. Workflows are super easy to create and make the budget kickoff effortless. Processes - I love being able to create a process that will flip all data from one version to the next. This is so helpful for companies like mine that do multiple forecasts per year.,Detailed Planning Manager could be a little more precise for our purposes. I wish it could easily calculate taxes based off of employee locations. Detailed Planning Manger - wish I could set people up with different merit increases easily. I wish Prophix and Workday spoke well to each other. We have Workday for accounting and it is a chore to get data from Prophix into Workday.,9,Prophix has really helped us make our budgeting process smooth and quick.,Prophix worked very well with our old accounting system. Data integrated with ease. Now that we changed accounting systems and have Workday, we have found it very difficult and manual to integrate data between the two systems. It takes a lot more time now than ever before. I have to do uploads instead of just having an easy integration with a click of a button.,If I am being honest, I do not know much about this topic so I don't really have any input.,10,Adaptive Insights and a Workday company,We have benefited tremendously with line item details. It makes it so much easier to review budgets when you know what people budgeted for. We have a lot of departments in our company that put budgets together. I love that I can go into the line item detail and review what people have budgeted by vendor, etc. This makes our financial review processes so much smoother!,One thing I am very familiar with is the workflow. It is a process we use to kick off our budgets to the departments. It is very easy to set up and so helpful. It is nice to be able to assign specific tasks to certain people and kick it off with an automated email. They can then log into Prophix, pull up this task on their homepage and get started. As an Admin I get to see whenever budgets have been submitted by the budget owner and then approved by their manager. It is a great process that is very helpful to our organization.,100,3KISS with ProphixThe Wilderness Society uses Prophix for budgeting revenue and expenses, reporting, allocations, and one unique process where we allocate staff salaries based on planned time allocations to projects and tasks. We also use Prophix for staff planning. We have one administrator and one advanced user. Budget to actuals reports are sent out to budget managers monthly, and Prophix is used throughout the year for adhoc analyses and for producing reports for Finance, the Executive Team, and the Governing Council.,The flexibility of being able to create cubes to model your organization is a strength. The ability to create allocations in Prophix is a strength. The ability to create templates for standard reports makes producing report fast and easy. Fast implementation time is a plus for Prophix,In the future, it would nice to be able to preview an adhoc query result before committing to it. Sometimes waiting for the query results to finish rendering is a pain, especially if you realize that you need to change the view once you finally see it. This only applies to very large adhoc results however. 90% of the time, the wait time is very short.,10,Taking the mechanics out of maintaining budgets and actuals from managers, frees them up for the work they really want to focus on. Moving to the cloud version of Prophix recently has freed us from being in the server maintenance business and allowed more of my time, specifically, to be focused on business intelligence solutions instead of getting patches applied, dealing with down servers, etc. With just two of us managing Prophix, the budgets, and the reporting, we've minimized the amount of end-user hand-holding we were doing with other software products. Managers get the information they need with minimal fuss and without having to understand how to use another software system.,We've gone through a few different scenarios with data importing, all of which worked just fine. The only thing I wish were different in the cloud version is that I had more control over the API directly. I used to be able to create data views using SQL on the GL side, and then create the connections in Prophix myself to import the data from the created view. But now any new data pulls I might like to create requires Prophix to create the connection (at a cost).,I think this type of flexibility is important for any organization. Some organizations have very limited IT staff, so the public cloud version might make the most sense. Other larger organizations, might like that control of their data within their own server farms.,10,IBM CognosProphix is a proven financial software with many strengths.Prophix was initially rolled out just within the Finance department. Key users in other departments also have access to Prophix. It is being used for the annual budgeting process, mid-year forecasts, and we will begin using it as a primary budget-actual variance reporting tool. Additionally, we're currently beginning to develop automated management reports.,Management of data within Prophix is easy. It's simple to load/view/delete/manipulate the data. Building reports and data-entry templates is intuitive and quick. The user interface is easily understood by all levels of users.,We have the Continuous Success Plan, which provides 2 hours a day of phone support. It often takes a week to schedule calls. I wish I knew how how to speed that process up.,10,Prophix significantly increased the efficiency and speed of the budget process. It allows for very rapid changes to be implemented. Prophix has also significantly increased the level of detail we're able to budget at.,Integration with our ERP, MS Dynamics 365, is the one problem we've had. During the sales process, we were told that Prophix integrates with the cloud version of D365 and many many integrations have been done. Once implementation time came, it was realized that there have been no integrations down with the cloud version of D365, but many on-premise implementations have been done. This caused significant delay in getting the integration done. We loaded data manually into Prophix while this problem was sorted out, and this was very easy to do within Prophix. I have spoken with multiple people within Prophix, and they really made an effort to apologize and take corrective action in the sales process. The entire rest of the sales process was good, and I truly believe it was an honest mistake.,We are a purely cloud-based company. We have no software that runs on local or on-premise hardware.,8,Adaptive Insights, a Workday company and NetSuiteProphix is great tool for the business that wants to own their data.We used Prophix for monthly financial reporting, planning, and forecasting sales for use in production planning. Prophix is being used by the management team for reviewing monthly financials. Sales and Marketing use the system to forecast sales and review changes in purchasing patterns of customers. The use of Prophix has enabled the Accounting department to get financial data in the hands of management timely and provide drill down analysis to answer questions on variances.,Prophix is very easy to get up and running. Very little IT involvement is needed to maintain the system. Jobs to update the cubes can be set to run at night, so when you arrive in the morning, financial data has already been updated. During the monthly close, we also manually update cubes during the day without issues. Security can be set on the cube, or dimensions within the cube.,Web version does not have the same functionality as the smart client. Prophix continues to add additional functionality to the web version, but currently not the same.,9,System has allowed the business to look at one version of the truth that is updated automatically nightly or manually run during the day.,We have nightly jobs set up on a schedule that update multiple cubes each night. During the monthly financial close process, we also run import processes to review financial data.,Having options was one of our decisions in picking Prophix. We are on-premise customer, which gives us more flexibility and also allows us to control ownership costs of using the software.,9,IBM CognosNon-Profit Health Care Related Prophix ReviewBarber uses Prophix in the Finance Department to support other departments such as Programs and Human Resources. Prophix helps us to address business problems such as wage analysis, dashboard metrics, time savings at month-end, etc.,Multi-tiered Allocations Variance Analysis Budget Streamline,Dashboarding: ability to be able to filter within the dashboard and have all dashboards change at the same time.,10,Streamlined budgeting and planning. Time saved on month-end tasks, such as multi-tiered allocations. Time saved on overtime reporting.,We import data automatically on a nightly basis from Great Plains into Prophix. We can also import as needed. This works seamlessly.,Deployment flexibility is very important to our organization because we still want to stay on-premise but appreciate the possibility to be able to move to the cloud.,9,Adaptive Insights and a Workday companyProphix Rocks!Prophix is being used for financial planning and reporting. It is owned by the finance department but is used by the whole organization. It addresses the planning and reporting for the company...it is the one source of the truth.,It performs complex allocations very well It manages workflow planning very well when trying to complete budgets It is extremely flexible and scalable to our business It is an extremely stable software,More graphical or charting capabilities Better ways to manage alternative hierarchies within the dimensions Better Excel interaction,10,Streamline planning with use of workflow One source of the truth Cheaper price point versus Hyperion,Data integration with Prophix is great - one of its many strengths. We use SQL scripts to staged data files...works great.,We host on-premise - that is important to us.....we don't need the cloud and it would not work for us as we need flexibility on refresh schedules.,10,Hyperion,Didn't use the commentary....we used mostly e-mail and face to face meetings in our discussion. Did use line item detail to add up subtotals....works great,Workflow Template Studio Model Manager Workforce Planning,Export Data - needs to go to Prophix Share in a text file first - would like to see it export directly to the desk top in excel or other format DPM can be cumbersome to understand - when dealing with different scenarios Alternative Hierarchies within the dimensions,No,9,Oracle Hyperion Enterprise Performance ManagementProphixProphix is being used across the organization by all business units for the purpose of budgeting, forecasting, and financial reporting.,Automation of the budget process and elimination of Excel. Easy to use reporting that enables quick filtering of data elements. Ability to access reporting from anywhere anytime. Performance.,Ability to "copy" existing reports.,10,Streamlined budgeting. Performance. Eliminate Excel.,Extremely easy.,This is very important as we look to control costs associated with business applications.,10Analytical InsightsCurrently, Prophix has only been used in our finance department to run financials. We are also working to implement job costing and projection models to assist with planning jobs while they are in progress.,Prophix responds well to customer feedback and is able to roll out quarterly changes that incorporate customer requests. Allows you to view your data from multiple angles Support is always available to help with questions or problems,There are some instances when Prophix takes you to an error screen instead of preforming what you wanted it to do. This [should] be fixed.,10,Our data is currently being imported from Spectrum by Viewpoint. Financial data has limited issues, but with more robust data sets, we did have to exclude datasets as to not bog down the system.,Currently we are hosted by the cloud, but we have experienced limitations because of this. I feel we don't have enough freedom in adding new datasets to the cloud environment, but Prophix has acknowledged that this is something they are working to improve.,10Prophix has helped streamline many processes!Prophix is being used for corporate financial budgeting, as well as month-end financial reporting and analysis. All corporate, branch and discipline leads use the data from Prophix for review. Prophix has helped to streamline the budgeting process and also allows for quick updates to monthly reports and annual forecasts.,Ease of data access - Prophix makes actual data easy to access and use in many ways. Streamline processes - Prophix is great at helping to streamline processes and ensure good calculations. Quick updates - Prophix allows for quick updates for monthly reporting, etc.,Report templates - All reports have to be built and without proper training they can be difficult to start. Forecast updates could be a bit more streamlined if you had better access to updating current financial versions.,9,Streamlined Budgeting. Easy reporting updates. Easy personnel planning.,We import data from two other disparate systems with ease. Prophix runs an automatic process nightly that is very efficient for updates.,The deployment flexibility is important because it allows companies to make individual decisions regarding IT structure and investments.,9,Solution Based Product!Prophix began by being used by one department at my company. We have now transitioned this product solution across other departments outside of Finance. Those departments include Accounting, Growth, and Billing.,Budgeting tool. Detailed planning. Visual Storytelling.,Lots of updates that can cost extra. Some limited functionality. Communicating within your organization.,10,Streamlined reporting. Streamlined budgeting and planning.,Data import has been a great experience. The Prophix support team is also very helpful in making this a seamless process.,The deployment flexibility is very important. Currently, my organization uses Prophix on-premise, but we are exploring the cloud option. Security is amongst one of the most important factors.,10,Prophix is a solution that is all about the user and their experienceRight now, Prophix is being used by the Accounting and Finance departments. We are looking to expand to other divisions of our company. We originally had been looking for a program to solve our budgeting issues and constrictions. We have expanded our need and now use Prophix for many other applications.,Customer Support Flexibility User Friendly Program,Cloud export of data,10,Streamlined budgeting and monthly forecasting.,It's extremely important to have the flexibility of deployment. There are many companies that only provide 1 solution and Prophix gives the users the choice. Having the ability to decide on which solution is the best fit for a company is extremely appealing.,10Great Product!Prophix currently being used by the entire Finance department for budgeting, forecasting, financial and utilization reporting. Thanks to Prophix, we have decreased the number of days spent doing these tasks.,Financial reporting- quick and very clean reports that can be easily accessed by all users Forecasting- simple processes that allow us to do more consistent and accurate projections Budgeting- great tool to budget based on historical data and also from the bottom up,Right now, it’s more internal training that our company needs in order to fully take advantage of the application,10,Thanks to Prophix we have decreased the amount of hours used on creating monthly projections and annual budgeting.,Prophix easily integrates to other systems. It only requires a one-time set up and very little to no maintenance.,Right now, we aren’t in the cloud but we have a team exploring this possibility.,10RobustWe needed a program robust enough to provide financial results across the entire organization at a more granular level, a budgeting system that includes personnel planning, and, in the future, create incentive comp models currently housed in excel format. We want to be able to automate as many time consuming processes as possible.,Personnel planning The ability to drill down to invoice level details Adding alternate hierarchies fairly easy,Dashboard capabilities - be able to toggle between departments More Charting options,10,Automate a lot of manual processes. Eliminate maintaining tedious excel files. Crest budget process in Prophix.,Fairly seamless with direct connection to other systems and via flat file works well. We have not encountered any issues with data integration.,We chose the cloud and originally had a lot of concerns about data security. But, we were able to resolve based on all the due diligence the program has done to address these concerns.,9,Axiom EPM, Adaptive Insights, a Workday company and Vena SolutionsExcellent reporting capabilitiesProphix is used throughout the organization at the executive and leadership level to view financial results and enter budget data.,Reporting - output board ready reports Budgeting/forecasting - workflow helps keep the process moving along,Nothing that their customer service as not been able to us figure out,10,Streamlined our budgeting process,We have Prophix integrated with our accounting system. It pulls all data down to the transaction level detail twice per day to keep the reports current.,We were only looking for a cloud solution.,10,Adaptive InsightsProphix - Does the job wellWe currently use Prophix for all our financial planning and reporting. It is used primarily only within the finance department.,Financial Reporting Version Control Ad Hoc Analysis,Prophix for Excel Stability Data Import Functions User Interface,8,Streamlined Budgeting Better Brand Profitability Reporting Direct Cost Evaluation,Previously we used MS Navision and Prophix would pull the data directly based on an automated nightly job (both systems use SQL). We recently changed to SAP as our ERP and Prophix does not play well with SAP... we are now required to manually dump data in 2 files from SAP, and then perform manual loads using about 13 different jobs to get the data into Prophix. It has definitely set us back 2 days per month. I don't fault Prophix, but it would be nice if it played better with SAP given SAP is the biggest thing out there.,We use on-premise which is important for us.,4,Oracle Hyperion Enterprise Performance ManagementProphix is excellent!Our Financial Planning and Analysis department uses it to report on home office expenses company-wide. We also use it for budgeting company-wide. It replaced previous software that we use for budgeting that was in an unstable environment and not user-friendly. Prophix is much more intuitive and has a modern look. Our users appreciate the ability to look at expenses at a high level, and then if they have questions, they can drill across on those sums for detailed transactions.,Prophix allows non-finance employees to create their own reports so they can look at the expenses hitting their cost centers. They can view at a high level, or just click on the total to dive into the detailed transactions. The Prophix consultants have been very patient and are extraordinarily knowledgeable about every aspect of the software. They can always answer our questions and if they aren't sure of the answer, they talk to their engineers and get back to us quickly.,We've had a few issues with our drill-across view being functional, but they are working to fix the issue. Other than that, I can't think of anything they should do differently.,10,Streamlined budgeting and planning. Easier for non-financial users to grasp.,We have uploaded data via Excel files for building account and cost center hierarchies. Our company set up staging tables to combine expense and capital transaction detail that Prophix then pulls daily. A process was set up to run this import automatically. It also sends us an email to let us know if the process was successful.,We went straight for the cloud application that Prophix offered. We wanted to have the decreased security risk and not use up so much memory which is exactly what the cloud is for. The application runs quickly and we haven't had any connection issues.,10,SAP BW/4HANAWe love Prophix!We are currently using Prophix for reporting our monthly, quarterly and annual financials (Income Statement, Balance Sheet and Work in Progress Report). We also budget for all of our general and administrative expenses as well as variance reporting.,Drill down. Ease of use. Dynamic.,Ability for users to integrate with their ERP. More screen real estate in design, data entry and report mode.,9,Consolidated reporting. Quicker high level impact to low level changes to budgets.,Prophix set up Vista to automatically import the data we needed. We can even set this up on a schedule to update nightly or as often as we want as well as manually. Since Vista is SQL backed, it was pretty easy to find the tables and data we needed and pointed Prophix in the right direction which made integration much smoother.,We chose to use the public cloud.,6,Budget Maestro, Host Analytics Cloud EPM Suite and AnaplanProphix saves time and money with AutomationWe are currently using Prophix for our budget; only the finance department is utilizing it. The biggest problem we have is that we cannot connect our current ERP to Prophix to allow for budget vs. actual reporting. In our old ERP the reporting capabilities were great and we were able to automate several of our processes to save a considerable amount of time.,Workflow is very useful and saves time Ad Hoc reporting is a very useful tool across our accounting department for research and analysis Allocations work very well with Prophix and are easy to maintain,We cannot currently connect Prophix to our ERP for actual vs. budget reporting,10,Automation of budget workflow Automation of distribution of monthly reporting,In our previous ERP (Microsoft Dynamics Great Plains) we were able to integrate Prophix and the functionality worked very well. Reporting was very easy and efficient. We currently use Workday and we have not been able to make the connection. This poses a problem because we cannot do any budget versus actual reporting.,I think this flexibility is very important. At the time we implemented Prophix we used to on premise approach, however in our current state we could benefit more from the cloud implementation. Being able to use the web client would be a big win for us since there is a lot more functionality and software updates wouldn’t be as cumbersome.,9,Adaptive Insights and a Workday company,We previously tried to create a report to use for line item comments but were not very successful.,We have definitely benefited from the automation of monthly reporting. We have a monthly Management report package that we send out to our executives and we were able to set them up to be automatically distributed.,10,5,Microsoft Dynamics GP Workday,Workday,File import/export Single Signon API (e.g. SOAP or REST),7,I would have to defer this question to our software engineer.,Ad Hoc reporting Automatic Report Distribution Budget Workflow,connecting to WD updating dimensions as new ones are added to our ERP (not really a prophix issue, just manual maintenance),Yes, but I don't use it,9,,9,8,,8,I was not a part of these negotiations,I did not deal with the vendor directly,No,I have submitted 6 cases with Prophix and each one of them were handled very efficiently and timely. Even if the issues were due to something internally Prophix was able to work with our IT department to get an issue resolved.,Self-taught,We did have a 3rd party vendor that helped us with the set up, however the hands on training was lacking so we had to take on most of that on our own. We have a very aggressive implementation timeline but we were able to successfully get everything set up, with a few minor set backs. Overall I think I would recommend researching vendors and finding a good solid consultant to assist.,Yes,NA,NA,No,No,Yes,Price Product Features Product Usability,I don't think I would change anything. We made a good solid decision and it worked out pretty much exactly how we planned.,Third-party professional services,Yes,Lack of knowledge on how the system works Lack of knowledge on building complex reports,6,5,NA,No - we have not done any customization to the interface,No - we have not done any custom code,We have not configured any customizations in ProphixGreat Budgeting ToolProphix is utilized mainly for budgeting purposes across the whole organization. Each department level has responsibility for their own budget, prepared within Prophix. The general accounting department uses Prophix to consolidate all department budgets to create reports for upper management.,Ad-hoc analysis is a strength for Prophix. The ability to slice and dice information is a huge benefit. The ability to enter line item details or attach spreadsheets through cell comments is helpful to department budget preparers and those analyzing budgets. Having the ability to automatically schedule or run manually the process manager to pull in actual data from the accounting tables is another strength of Prophix.,Ability to choose select members from a dimension when using InfoFlex. For example, I would like to copy over line item details from a prior year budget for select departments rather than all. Ability to copy over descriptions only, no dollar amounts, with InfoFlex. In Line Item Details, keep the time range static when switching between accounts.,9,Streamlined budgeting Transparency into departmental expenses,We have a few data integration pieces within Prophix. It is integrated with our accounting system to pull in actual amounts on a daily basis. We are also able to run the process to update the numbers real time. We also use data import with excel to update the Personnel DPM for budget purposes. Works great!,Currently, our structure favors the on-premise environment; however, we are in the process of exploring other alternatives. It's definitely a benefit to have flexibility when determining the type of environment to use.,7,One of the main reasons we chose Prophix was for the cell comments and line item detail capabilities. This allows users the ability to budget on a detailed basis rather than an account level basis. Cell comments are used by users to document actual to budget variances and serve as a good communication tool to budget admins.,Of the list above, our company utilizes only the workflow functionality. Workflow is used to distribute tasks to users during the annual budget preparation and on a monthly basis to document variances. We use Prophix mainly for budget creation and tracking purposes rather than reporting. The workflow functionality is helpful in distributing templates and tracking the progress of budget users.,56,4,FIS iWorks EAS,FIS iWorks Investments,File import/export Single Signon,8,Again, pay attention and ask questions during the set up of the integration piece. Knowing some coding will help as well.,Line item details Cell Comments Workflow,DPM -Personnel Module Complex template creation,Yes, but I don't use it,9,BizNet Software, SAP Crystal,9,10,7Great software - Still learning a lotWe currently use Prophix for Budgeting, financial reporting and forecasting. We use the workflow manager to allow many users to input budget data, and at this time about 25 users have access.,Financial Reporting Forecasting Aggregating data in logical ways,I would have like to see Prophix take one budgeted item and follow it through all the way to the Finance Cube during implementation to verify all processes worked. Everything was discussed in a hypothetical scenario rather than actual Faster CSP availability It would be nice to be able to edit data views in templates,8,Streamlined budgeting Timeline management More accurate reports,Once the connection was established, we found it very easy to import from our ERP to Prophix.,We use the cloud and appreciate the automatic updates.,8,Prophix ReviewCurrently only accounting is issuing Prophix. We use it monthly for consolidations.,Ad-hoc to easily manipulate data into what you need in a fast way Makes reports easy to build and distribute Workflow process provides a sort of checklist for processes needing to be completed,The fake numbers used in building reports I wish you could have two ad-hoc [reports] open at once If it were speedier when multiple users are in at one time,10,Easiest way to consolidate company Makes end of month reporting easy Allows us to build reports and distribute easily,After you initially set up the processes to load the data then every month it is very streamlined,Not currently as important but would be if we expanded to more people in the company using Prophix,5,Host,Our corporate consolidations accounting team uses workflow to make each process of reporting seamless. We use it for monthly, quarterly, and budgeting processes and reports.,Yes we use workflow to load the data we need into prophix. We use template studio to create all the necessary reports we need for our functions and then setup processes to automatically distribute the reports to our team which saves us a large amount of time.,6,1,JD Edwards,ReportsNow,File import/export,7,If prophix is able to integrate with your accounting software definitely take advantage of that.,Adhoc Template Studio Process manager,Template studio's inability to use filters Template studio's inability to use actual numbers (in our current version) Process Manger's inability to setup distribution list on a folder/group basis instead of individual report level,8,Oracle JD Edwards EnterpriseOne,5,10,6Prophix ReviewThe current state is primarily used by finance departments, and future state will be used by accounting and development departments.,Flexibility. Prophix is flexible in data sources and combining those sources for unique reporting and analysis Scalability. Able to process large volumes of data at scale Able to calculate projections based on very detailed items,Implementation can be difficult initially since the product is so flexible Ongoing development can be labor intensive as well and difficult to do without hiring support,8,Consolidation of hundreds of individual budgets into various roll up categories. Increased awareness by end users of financial impacts.,Implementation of data imports can be costly and time consuming but once developed, efficiencies are realized.,We currently use on-premise deployment.,8Love ProphixOur finance team primarily uses it, but we’ve also used it to roll our reports to operations in the field where they can pull financial information on their performance of business they manage.,Flexibility of data use Process manager allows us to streamline Report building,Initial learning curve,9,It has decreased annual budgeting timeline. Reduced time to month end close.,This is not something I use primarily with Prophix as I’m just a user and not an admin. But its functionality with Excel is very good and we use it daily.,We currently use it on premise but I think are open to cloud based deployment depending on more information.,9,Need something more powerful than a spreadsheet to develop your budget?Currently, we use Prophix to produce financial statements, forecast revenue monthly, forecast salaried personnel, and update quarterly and annual budgets. Prophix is being used by the entire organization at the management level. Prophix helps us to focus on where our revenue is currently coming from and helps us to focus on where the needs are in the future for additional personnel based on growth forecasts for our jobs.,Prophix provides us a place to drive specific data out of our ERP into a format where it can be analyzed in many different ways (across time, across departments, across accounts, etc.). Prophix gives us multiple ways to analyze the data that we have chosen. Along with data entry points for items in our goals or budgets, there are also ways to use formulas of different types to project future costs or revenues based upon assumptions that you program into the system. The "What If" can be built and then switched on or off to see the changes. Prophix doesn't limit the types or volume of data you want to analyze. If you have multiple years of data, it doesn't slow down because you have to keep using the same formulas over and over to churn out results. The formulas are separate from the data which allows the results to flow much faster than spreadsheets.,I think that Prophix could structure their support and offerings based upon the needs/skill level of their customers. Customers that don't have the expertise on staff could be given additional help to develop their use of the software. Those with a higher skill level could be shown the depth of the product to gain additional ideas on different ways or items to analyze. Thus, increasing their own knowledge base as a springboard for additional customers.,10,It has allowed us to keep to a one-day financial close, along with a shortened budgeting process. Our monthly revenue forecast is quick and painless. Completed by the entire operations group within 36 hours of our financial close.,Data integration is easily done via SQL tables and views and Excel files (I am sure there are other options but haven't needed to use any others). You can connect that data into Prophix and update it manually as often as needed or set it to auto-update on any type of schedule you would like.,We have moved our data onto a private cloud environment. This has helped us on an IT spend level. We moved it from an on-premise location. The flexibility of how we can hold our data and the software to analyze it takes one less thing out of the worry column.,10ROI - Rate of Irritation?In the past we have used Prophix for end of month and budget reporting. Currently, I am not using it because of industry-related staff reductions. Finance has been the sole user of Prophix. 2/1/19 Update I plan to dust off Prophix and get back into the Personnel Planning module in 1Q19. Lots of features that I want to explore and use for forecasting purposes.,The various dimensions allow you to "slice and dice" your data with great efficiency. The modeling functions are very helpful, whether planning for personnel or CAPEX. The Ad hoc reporting has been especially useful for quick reports. The functionality seems limitless. If you able to allocate resources to maximize Prophix you will not be disappointed; however, it does require some formula prowess to achieve results.,Part of the reason I am not currently using Prophix is the process to import the data from my ERP. Mastering the functionality of the software takes time. For me, I need to be in Prophix almost daily to build proficiency. Update- this still holds true.,9,When using it regularly, the eventual time-saving is 5x to 10x over other manual reporting or modeling. For me, the learning curve is too long. When my staff used it regularly, it saved 50% in time to report end of month financials.,My last usage was August 2016. If the import process has improved since then, I am not aware. I did find it frustrating to format my Excel data to process the import. There was room for improvement a year ago.,Today, deployment flexibility is more important than ever. Security remains a concern in any environment. I chose on-premises for database retention purposes.,10,,We did not use this function, but it is easy to setup and use. Our organization has budgeting centralized.,I had intentions of setting up the reports distribution and other repetitive processes, but initially focused implementation on on core budget functions.,2,,None at present.,ERP system and Payroll system.,File import/export,7,Plan ahead what you want to integrate and coordinate with Prophix Tech Support. They were always very helpful and efficient.,Ad Hoc reports were relatively easy to master. Building the cubes was easy once you understand the concept.,Importing data seems cumbersome to me. I think there has to be a better way to automate import refreshes of your data. RDX and calculations can be complex and cumbersome.,6,Global Shop Solutions One-System ERP, Microsoft Office 2016
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Prophix
154 Ratings
Score 9.1 out of 101
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Prophix
154 Ratings
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Score 9.1 out of 101

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Ashleigh Arand profile photo
August 21, 2019

Prophix is a great budgeting tool!

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Verified User
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We use Prophix for our budgets and reporting. Our entire organization uses Prophix for budgeting. Each department puts together their entire budget in Prophix and then I am in charge of all departments. I make sure their budgets were created and approved and then I monitor throughout the year. Prophix has helped us tremendously with staying organized and getting our budgets done timely.
  • Line item Detail is one of my favorite functions. It is such a simple, easy thing but helps a lot with staying organized.
  • Workflows are super easy to create and make the budget kickoff effortless.
  • Processes - I love being able to create a process that will flip all data from one version to the next. This is so helpful for companies like mine that do multiple forecasts per year.
  • Detailed Planning Manager could be a little more precise for our purposes. I wish it could easily calculate taxes based off of employee locations.
  • Detailed Planning Manger - wish I could set people up with different merit increases easily.
  • I wish Prophix and Workday spoke well to each other. We have Workday for accounting and it is a chore to get data from Prophix into Workday.
Prophix is a fantastic system and I really enjoy using it. However, some accounting systems don't work too well with Prophix logic and it can be extremely difficult at times to get the two systems to work together. I would just make sure Prophix integrated well with my accounting system before using. :)
Read Ashleigh Arand's full review
Sharon Hess profile photo
August 02, 2019

KISS with Prophix

Score 10 out of 10
Vetted Review
Verified User
Review Source
The Wilderness Society uses Prophix for budgeting revenue and expenses, reporting, allocations, and one unique process where we allocate staff salaries based on planned time allocations to projects and tasks. We also use Prophix for staff planning. We have one administrator and one advanced user. Budget to actuals reports are sent out to budget managers monthly, and Prophix is used throughout the year for adhoc analyses and for producing reports for Finance, the Executive Team, and the Governing Council.
  • The flexibility of being able to create cubes to model your organization is a strength.
  • The ability to create allocations in Prophix is a strength.
  • The ability to create templates for standard reports makes producing report fast and easy.
  • Fast implementation time is a plus for Prophix
  • In the future, it would nice to be able to preview an adhoc query result before committing to it. Sometimes waiting for the query results to finish rendering is a pain, especially if you realize that you need to change the view once you finally see it. This only applies to very large adhoc results however. 90% of the time, the wait time is very short.
The ability to create cubes specific to your organization along with the ability to create multiple budget versions, makes Prophix a terrific tool for budgeting and forecasting. The software is easy to use, and the adhoc tool makes analyzing data a snap, especially if you like to dump data to Excel and play with pivot tables. Where we found Prophix less appropriate is for managers who develop detailed project plans using lots of words or descriptions. Our conservation managers develop detailed project plans with dollars attached to them which then have to be translated into a format with can import into Prophix.
Read Sharon Hess's full review
Stephen Kirschenmann profile photo
July 25, 2019

Prophix is a proven financial software with many strengths.

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix was initially rolled out just within the Finance department. Key users in other departments also have access to Prophix. It is being used for the annual budgeting process, mid-year forecasts, and we will begin using it as a primary budget-actual variance reporting tool. Additionally, we're currently beginning to develop automated management reports.
  • Management of data within Prophix is easy. It's simple to load/view/delete/manipulate the data.
  • Building reports and data-entry templates is intuitive and quick.
  • The user interface is easily understood by all levels of users.
  • We have the Continuous Success Plan, which provides 2 hours a day of phone support. It often takes a week to schedule calls. I wish I knew how how to speed that process up.
I've yet to encounter any scenarios, or people who have had problems getting Prophix to do what is needed. It seems quite flexible & powerful.
Read Stephen Kirschenmann's full review
Don Comston profile photo
July 26, 2019

Prophix is great tool for the business that wants to own their data.

Score 9 out of 10
Vetted Review
Verified User
Review Source
We used Prophix for monthly financial reporting, planning, and forecasting sales for use in production planning. Prophix is being used by the management team for reviewing monthly financials. Sales and Marketing use the system to forecast sales and review changes in purchasing patterns of customers. The use of Prophix has enabled the Accounting department to get financial data in the hands of management timely and provide drill down analysis to answer questions on variances.
  • Prophix is very easy to get up and running. Very little IT involvement is needed to maintain the system.
  • Jobs to update the cubes can be set to run at night, so when you arrive in the morning, financial data has already been updated. During the monthly close, we also manually update cubes during the day without issues.
  • Security can be set on the cube, or dimensions within the cube.
  • Web version does not have the same functionality as the smart client. Prophix continues to add additional functionality to the web version, but currently not the same.
Prophix is easy to design and implement. Can implement in weeks, not months. Pricing is affordable, and very IT involvement needed. Business is the owner of the software, which allows for controll of financial data.
Read Don Comston's full review
Emily Anauo profile photo
July 24, 2019

Non-Profit Health Care Related Prophix Review

Score 10 out of 10
Vetted Review
Verified User
Review Source
Barber uses Prophix in the Finance Department to support other departments such as Programs and Human Resources. Prophix helps us to address business problems such as wage analysis, dashboard metrics, time savings at month-end, etc.
  • Multi-tiered Allocations
  • Variance Analysis
  • Budget Streamline
  • Dashboarding: ability to be able to filter within the dashboard and have all dashboards change at the same time.
Prophix is well suited for variance analysis. We use it for a wage analysis by job because it's pretty much impossible to be able to analyze the data by employee in Prophix. If we do want to look at wage analysis variance by employee, we still need to use Excel.
Read Emily Anauo's full review
David Whiteman, CPA profile photo
July 22, 2019

Prophix Rocks!

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix is being used for financial planning and reporting. It is owned by the finance department but is used by the whole organization. It addresses the planning and reporting for the company...it is the one source of the truth.
  • It performs complex allocations very well
  • It manages workflow planning very well when trying to complete budgets
  • It is extremely flexible and scalable to our business
  • It is an extremely stable software
  • More graphical or charting capabilities
  • Better ways to manage alternative hierarchies within the dimensions
  • Better Excel interaction
It is well suited for trial balance type planning as well as detailed planning (employee level). It has difficulty mixing hierarchy structure; have had difficulty with alternative hierarchies in the past.
Read David Whiteman, CPA's full review
Paul Frydman profile photo
April 20, 2019

Prophix

Score 10 out of 10
Vetted Review
Reseller
Review Source
Prophix is being used across the organization by all business units for the purpose of budgeting, forecasting, and financial reporting.
  • Automation of the budget process and elimination of Excel.
  • Easy to use reporting that enables quick filtering of data elements.
  • Ability to access reporting from anywhere anytime.
  • Performance.
  • Ability to "copy" existing reports.
I believe all organizations focused on FP&A (who wouldn't be?) need Prophix. Financial reporting tools are changing and Prophix is at the forefront of this evolution.
Read Paul Frydman's full review
Leiah Wyckoff profile photo
August 02, 2019

Analytical Insights

Score 10 out of 10
Vetted Review
Verified User
Review Source
Currently, Prophix has only been used in our finance department to run financials. We are also working to implement job costing and projection models to assist with planning jobs while they are in progress.
  • Prophix responds well to customer feedback and is able to roll out quarterly changes that incorporate customer requests.
  • Allows you to view your data from multiple angles
  • Support is always available to help with questions or problems
  • There are some instances when Prophix takes you to an error screen instead of preforming what you wanted it to do. This [should] be fixed.
We have used Prophix to project manpower.
Read Leiah Wyckoff's full review
Amie Roach, CMA, CSCA profile photo
July 22, 2019

Prophix has helped streamline many processes!

Score 9 out of 10
Vetted Review
Verified User
Review Source
Prophix is being used for corporate financial budgeting, as well as month-end financial reporting and analysis. All corporate, branch and discipline leads use the data from Prophix for review. Prophix has helped to streamline the budgeting process and also allows for quick updates to monthly reports and annual forecasts.
  • Ease of data access - Prophix makes actual data easy to access and use in many ways.
  • Streamline processes - Prophix is great at helping to streamline processes and ensure good calculations.
  • Quick updates - Prophix allows for quick updates for monthly reporting, etc.
  • Report templates - All reports have to be built and without proper training they can be difficult to start.
  • Forecast updates could be a bit more streamlined if you had better access to updating current financial versions.
Prophix is great if you need flexibility in how to use and analyze data. You can virtually do anything with your actuals once you have them in Prophix.
Read Amie Roach, CMA, CSCA's full review
Angela White profile photo
April 22, 2019

Solution Based Product!

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix began by being used by one department at my company. We have now transitioned this product solution across other departments outside of Finance. Those departments include Accounting, Growth, and Billing.
  • Budgeting tool.
  • Detailed planning.
  • Visual Storytelling.
  • Lots of updates that can cost extra.
  • Some limited functionality.
  • Communicating within your organization.
Prophix is well suited for budgeting of all different types. The dashboard feature that Prophix offers is a great option for those who are mobile and need to get metrics/data easily.
Read Angela White's full review
Jenny Balmes profile photo
April 16, 2019

Prophix is a solution that is all about the user and their experience

Score 10 out of 10
Vetted Review
Verified User
Review Source
Right now, Prophix is being used by the Accounting and Finance departments. We are looking to expand to other divisions of our company. We originally had been looking for a program to solve our budgeting issues and constrictions. We have expanded our need and now use Prophix for many other applications.
  • Customer Support
  • Flexibility
  • User Friendly Program
  • Cloud export of data
Prophix is a great solution to get out of the Excel world of forecasting, budgeting and financial reporting. Prophix has the ability to customize financial reports and made the distribution of reports effortless and errorless. Prophix breaks out of the world of using Excel to generate forecasts and budgets. Excel works for these processes, however, there is an element of human error. Prophix removes that issue and makes the process extremely seamless.
Read Jenny Balmes's full review
Camila Zapata profile photo
April 16, 2019

Great Product!

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix currently being used by the entire Finance department for budgeting, forecasting, financial and utilization reporting. Thanks to Prophix, we have decreased the number of days spent doing these tasks.
  • Financial reporting- quick and very clean reports that can be easily accessed by all users
  • Forecasting- simple processes that allow us to do more consistent and accurate projections
  • Budgeting- great tool to budget based on historical data and also from the bottom up
  • Right now, it’s more internal training that our company needs in order to fully take advantage of the application
Any organization that has several users accessing financial and utilization data can greatly benefit from Prophix.
Read Camila Zapata's full review
Teresa Tang profile photo
April 16, 2019

Robust

Score 10 out of 10
Vetted Review
Verified User
Review Source
We needed a program robust enough to provide financial results across the entire organization at a more granular level, a budgeting system that includes personnel planning, and, in the future, create incentive comp models currently housed in excel format. We want to be able to automate as many time consuming processes as possible.
  • Personnel planning
  • The ability to drill down to invoice level details
  • Adding alternate hierarchies fairly easy
  • Dashboard capabilities - be able to toggle between departments
  • More Charting options
Appropriate for personnel planning, actuals to budget reporting, and consolidations, and not appropriate for cost accounting.
Read Teresa Tang's full review
Jason Reitsma profile photo
April 16, 2019

Excellent reporting capabilities

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix is used throughout the organization at the executive and leadership level to view financial results and enter budget data.
  • Reporting - output board ready reports
  • Budgeting/forecasting - workflow helps keep the process moving along
  • Nothing that their customer service as not been able to us figure out
We chose it because of its superior reporting capabilities and streamlined budgeting workflow.
Read Jason Reitsma's full review
No photo available
July 29, 2019

Prophix - Does the job well

Score 8 out of 10
Vetted Review
Verified User
Review Source
We currently use Prophix for all our financial planning and reporting. It is used primarily only within the finance department.
  • Financial Reporting
  • Version Control
  • Ad Hoc Analysis
  • Prophix for Excel Stability
  • Data Import Functions
  • User Interface
Prophix is great for slicing and dicing data that is available but perhaps not in the form or function required. It allows me to see the same data that is in my ERP system but from a different angle.
Read this authenticated review
No photo available
April 16, 2019

Prophix is excellent!

Score 10 out of 10
Vetted Review
Verified User
Review Source
Our Financial Planning and Analysis department uses it to report on home office expenses company-wide. We also use it for budgeting company-wide. It replaced previous software that we use for budgeting that was in an unstable environment and not user-friendly. Prophix is much more intuitive and has a modern look. Our users appreciate the ability to look at expenses at a high level, and then if they have questions, they can drill across on those sums for detailed transactions.
  • Prophix allows non-finance employees to create their own reports so they can look at the expenses hitting their cost centers. They can view at a high level, or just click on the total to dive into the detailed transactions.
  • The Prophix consultants have been very patient and are extraordinarily knowledgeable about every aspect of the software. They can always answer our questions and if they aren't sure of the answer, they talk to their engineers and get back to us quickly.
  • We've had a few issues with our drill-across view being functional, but they are working to fix the issue. Other than that, I can't think of anything they should do differently.
Prophix has been great for expense reporting, budgeting, and we will also soon be using it for Project reporting and budgeting. Prophix was not built to show transnational detail on a large scale, so there are a couple ways of reporting that we haven't been able to do. Despite this, they are working with us to show our detailed transactions.
Read this authenticated review
No photo available
July 25, 2019

We love Prophix!

Score 9 out of 10
Vetted Review
Verified User
Review Source
We are currently using Prophix for reporting our monthly, quarterly and annual financials (Income Statement, Balance Sheet and Work in Progress Report). We also budget for all of our general and administrative expenses as well as variance reporting.
  • Drill down.
  • Ease of use.
  • Dynamic.
  • Ability for users to integrate with their ERP.
  • More screen real estate in design, data entry and report mode.
I can't think of any reporting where Prophix would not be useful. You can get as high level or as detailed as you would like. High-level reporting can also be drilled down if needed. Budgeting is also extremely dynamic.
Read this authenticated review
No photo available
July 15, 2019

Prophix saves time and money with Automation

Score 10 out of 10
Vetted Review
Verified User
Review Source
We are currently using Prophix for our budget; only the finance department is utilizing it. The biggest problem we have is that we cannot connect our current ERP to Prophix to allow for budget vs. actual reporting. In our old ERP the reporting capabilities were great and we were able to automate several of our processes to save a considerable amount of time.
  • Workflow is very useful and saves time
  • Ad Hoc reporting is a very useful tool across our accounting department for research and analysis
  • Allocations work very well with Prophix and are easy to maintain
  • We cannot currently connect Prophix to our ERP for actual vs. budget reporting
Prophix is very useful for managing and automating your budget workflow. It is very useful for budget reporting. As hoc reporting is one of most useful tools I’ve ever used in reporting software. Currently we are not able to connect to our financial system therefore reporting on budget versus actual results is not an option.
Read this authenticated review
No photo available
July 09, 2019

Great Budgeting Tool

Score 9 out of 10
Vetted Review
Verified User
Review Source
Prophix is utilized mainly for budgeting purposes across the whole organization. Each department level has responsibility for their own budget, prepared within Prophix. The general accounting department uses Prophix to consolidate all department budgets to create reports for upper management.
  • Ad-hoc analysis is a strength for Prophix. The ability to slice and dice information is a huge benefit.
  • The ability to enter line item details or attach spreadsheets through cell comments is helpful to department budget preparers and those analyzing budgets.
  • Having the ability to automatically schedule or run manually the process manager to pull in actual data from the accounting tables is another strength of Prophix.
  • Ability to choose select members from a dimension when using InfoFlex. For example, I would like to copy over line item details from a prior year budget for select departments rather than all.
  • Ability to copy over descriptions only, no dollar amounts, with InfoFlex.
  • In Line Item Details, keep the time range static when switching between accounts.
Prophix has worked well for us from a budgeting perspective. It's been easy for budget preparers to use and has given analysts the information needed to prepare solid reports. Administering Prophix has a learning curve. We have increased our knowledge of the system and utilized additional functionality over the past 5 years. We had planned to use Prophix for financial statement reporting, however, have not had the resources to get this set up in the system. We also use the personnel detailed planning manager and are in the process of implementing the capital expenditures module. These are also an area that works well within Prophix.
Read this authenticated review
No photo available
April 16, 2019

Great software - Still learning a lot

Score 8 out of 10
Vetted Review
Verified User
Review Source
We currently use Prophix for Budgeting, financial reporting and forecasting. We use the workflow manager to allow many users to input budget data, and at this time about 25 users have access.
  • Financial Reporting
  • Forecasting
  • Aggregating data in logical ways
  • I would have like to see Prophix take one budgeted item and follow it through all the way to the Finance Cube during implementation to verify all processes worked. Everything was discussed in a hypothetical scenario rather than actual
  • Faster CSP availability
  • It would be nice to be able to edit data views in templates
Great financial reporting. I think after we get our feet under ourselves it will be a great time saver. We are currently in the process of reviewing our model set up and hope to continue making improvements.
Read this authenticated review
No photo available
July 09, 2019

Prophix Review

Score 10 out of 10
Vetted Review
Verified User
Review Source
Currently only accounting is issuing Prophix. We use it monthly for consolidations.
  • Ad-hoc to easily manipulate data into what you need in a fast way
  • Makes reports easy to build and distribute
  • Workflow process provides a sort of checklist for processes needing to be completed
  • The fake numbers used in building reports
  • I wish you could have two ad-hoc [reports] open at once
  • If it were speedier when multiple users are in at one time
Consolidating is made easy and it is very easy to find the information you need in ad-hoc.
Read this authenticated review
No photo available
April 16, 2019

Prophix Review

Score 8 out of 10
Vetted Review
Verified User
Review Source
The current state is primarily used by finance departments, and future state will be used by accounting and development departments.
  • Flexibility. Prophix is flexible in data sources and combining those sources for unique reporting and analysis
  • Scalability. Able to process large volumes of data at scale
  • Able to calculate projections based on very detailed items
  • Implementation can be difficult initially since the product is so flexible
  • Ongoing development can be labor intensive as well and difficult to do without hiring support
Prophix is well suited for flexibility in reporting financial and non-financial metrics.
Read this authenticated review
No photo available
April 16, 2019

Love Prophix

Score 9 out of 10
Vetted Review
Verified User
Review Source
Our finance team primarily uses it, but we’ve also used it to roll our reports to operations in the field where they can pull financial information on their performance of business they manage.
  • Flexibility of data use
  • Process manager allows us to streamline
  • Report building
  • Initial learning curve
It is great for running complex processes on large steps of data. Some manual manipulation scenarios and calculations are still better in Excel.
Read this authenticated review
Andrew Commons profile photo
December 26, 2018

Need something more powerful than a spreadsheet to develop your budget?

Score 10 out of 10
Vetted Review
Verified User
Review Source
Currently, we use Prophix to produce financial statements, forecast revenue monthly, forecast salaried personnel, and update quarterly and annual budgets. Prophix is being used by the entire organization at the management level. Prophix helps us to focus on where our revenue is currently coming from and helps us to focus on where the needs are in the future for additional personnel based on growth forecasts for our jobs.
  • Prophix provides us a place to drive specific data out of our ERP into a format where it can be analyzed in many different ways (across time, across departments, across accounts, etc.).
  • Prophix gives us multiple ways to analyze the data that we have chosen. Along with data entry points for items in our goals or budgets, there are also ways to use formulas of different types to project future costs or revenues based upon assumptions that you program into the system. The "What If" can be built and then switched on or off to see the changes.
  • Prophix doesn't limit the types or volume of data you want to analyze. If you have multiple years of data, it doesn't slow down because you have to keep using the same formulas over and over to churn out results. The formulas are separate from the data which allows the results to flow much faster than spreadsheets.
  • I think that Prophix could structure their support and offerings based upon the needs/skill level of their customers. Customers that don't have the expertise on staff could be given additional help to develop their use of the software. Those with a higher skill level could be shown the depth of the product to gain additional ideas on different ways or items to analyze. Thus, increasing their own knowledge base as a springboard for additional customers.
Prophix gives you a great ability to use your current financial data and forecast future revenues and expenses. This, by itself, is a great selling point alone. The additional level of data analysis ability pushes it over the edge. If the data is in your ERP and you want to know something about it, Prophix gives you a way to get that answer.
Read Andrew Commons's full review
Danny Jordan profile photo
February 01, 2019

ROI - Rate of Irritation?

Score 9 out of 10
Vetted Review
Verified User
Review Source
In the past we have used Prophix for end of month and budget reporting. Currently, I am not using it because of industry-related staff reductions. Finance has been the sole user of Prophix.

2/1/19 Update
I plan to dust off Prophix and get back into the Personnel Planning module in 1Q19. Lots of features that I want to explore and use for forecasting purposes.
  • The various dimensions allow you to "slice and dice" your data with great efficiency.
  • The modeling functions are very helpful, whether planning for personnel or CAPEX.
  • The Ad hoc reporting has been especially useful for quick reports.
  • The functionality seems limitless. If you able to allocate resources to maximize Prophix you will not be disappointed; however, it does require some formula prowess to achieve results.
  • Part of the reason I am not currently using Prophix is the process to import the data from my ERP.
  • Mastering the functionality of the software takes time.
  • For me, I need to be in Prophix almost daily to build proficiency.
  • Update- this still holds true.
Prophix shines with its Personnel Planning Model. Once setup, the manipulation of parameters are excellent for evaluating the cost of personnel in unlimited scenarios. The budgeting and forecasting are particularly helpful.
Read Danny Jordan's full review

Feature Scorecard Summary

Long-term financial planning (67)
8.1
Financial budgeting (84)
9.5
Forecasting (79)
8.9
Scenario modeling (66)
8.8
Management reporting (85)
9.3
Financial data consolidation (59)
8.3
Journal entries and reports (34)
7.6
Multi-currency management (26)
8.2
Intercompany Eliminations (26)
7.8
Minority Ownership (9)
7.5
Local and consolidated reporting (45)
8.5
Detailed Audit Trails (32)
7.0
Financial Statement Reporting (70)
8.6
Management Reporting (81)
8.9
Excel-based Reporting (70)
8.3
Automated board and financial reporting (60)
8.1
XBRL support for regulatory filing (2)
6.7
Personalized dashboards (60)
7.9
Color-coded scorecards (50)
7.3
KPIs (48)
7.7
Cost and profitability analysis (56)
8.0
Key Performance Indicator setting (43)
7.8
Benchmarking with external data (24)
7.8
Flat file integration (59)
9.0
Excel data integration (69)
8.2
Direct links to 3rd-party data sources (57)
9.3

About Prophix

Prophix’s innovative Corporate Performance Management (CPM) software promises to help you achieve your goals more successfully.

Key capabilities and benefits include:

  • Improve profitability and minimize risk when you automate repetitive tasks and focus on what matters.
  • Budget, plan, consolidate and report automatically.

Whether in the cloud or on-premise, Prophix promises to support your future with a platform that flexes to suit your strategic realities, today and tomorrow. For more information, visit www.prophix.com.

Prophix Features

Budgeting, Planning, and Forecasting Features
Has featureLong-term financial planning
Has featureFinancial budgeting
Has featureForecasting
Has featureScenario modeling
Has featureManagement reporting
Consolidation and Close Features
Has featureFinancial data consolidation
Has featureJournal entries and reports
Has featureMulti-currency management
Has featureIntercompany Eliminations
Has featureMinority Ownership
Has featureLocal and consolidated reporting
Has featureDetailed Audit Trails
FInancial Reporting and Compliance Features
Has featureFinancial Statement Reporting
Has featureManagement Reporting
Has featureExcel-based Reporting
Has featureAutomated board and financial reporting
Does not have featureXBRL support for regulatory filing
Analytics Features
Has featurePersonalized dashboards
Has featureColor-coded scorecards
Has featureKPIs
Has featureCost and profitability analysis
Has featureKey Performance Indicator setting
Has featureBenchmarking with external data
Integration Features
Has featureFlat file integration
Has featureExcel data integration
Has featureDirect links to 3rd-party data sources
BI Standard Reporting Features
Does not have featurePixel Perfect reports
Does not have featureCustomizable dashboards
Does not have featureReport Formatting Templates
Ad-hoc Reporting Features
Does not have featureDrill-down analysis
Does not have featureFormatting capabilities
Does not have featurePredictive modeling
Does not have featureIntegration with R or other statistical packages
Does not have featureReport sharing and collaboration
Report Output and Scheduling Features
Does not have featurePublish to Web
Does not have featurePublish to PDF
Does not have featureReport Versioning
Does not have featureReport Delivery Scheduling
Data Discovery and Visualization Features
Does not have featurePre-built visualization formats (heatmaps, scatter plots etc.)
Does not have featureLocation Analytics / Geographic Visualization
Does not have featurePredictive Analytics
Does not have featureSupport for Machine Learning models
Does not have featurePattern Recognition and Data Mining
Does not have featureIntegration with R or other statistical packages
Access Control and Security Features
Does not have featureMulti-User Support (named login)
Does not have featureRole-Based Security Model
Does not have featureMultiple Access Permission Levels (Create, Read, Delete)
Does not have featureReport-Level Access Control
Does not have featureTable-Level Access Control (BI-layer)
Does not have featureField-Level Access Control (BI-layer)
Does not have featureSingle Sign-On (SSO)
Mobile Capabilities Features
Does not have featureResponsive Design for Web Access
Does not have featureDedicated iOS Application
Does not have featureDedicated Android Application
Does not have featureDashboard / Report / Visualization Interactivity on Mobile
Additional Features
Has featureProfitability Analysis
Has featurePersonnel Planning
Has featureRevenue Planning
Has featureCash Flow Planning
Has featureIntegrated Financial Planning
Has featureCapEx Planning
Has featureReporting
Has featureCloud

Prophix Screenshots

Prophix Videos (4)

Prophix Integrations

Direct links to 3rd-party data sources, Any ERP including Microsoft Dynamics, Sage, Epicor, Maccola

Prophix Competitors

Pricing

Does not have featureFree Trial Available?No
Does not have featureFree or Freemium Version Available?No
Has featurePremium Consulting/Integration Services Available?Yes
Entry-level set up fee?Optional

Prophix Customer Size Distribution

Consumers
0%
Small Businesses (1-50 employees)
0%
Mid-Size Companies (51-500 employees)
25%
Enterprises (> 500 employees)
75%

Prophix Support Options

 Paid Version
Phone
Live Chat
Email
Forum/Community
FAQ/Knowledgebase
Social Media
Video Tutorials / Webinar

Prophix Technical Details

Deployment Types:On-premise, SaaS
Operating Systems: Windows, Mac
Mobile Application:Mobile Web
Supported Countries:Denmark, United Kingdom, Germany, Brazil