Overview
What is Prophix?
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.
Flexible Reporting Tool
Perks of End User Engagement with Prophix
Innovative Budgeting & Forecasting Tool
Great software for saving time
Mild improvements as far as the eye can see...maybe as we get new glasses, things will change...
Ease of Use with Prophix.
Love Prophix
Prophix Recommendation
Prophix is simply AMAZING
Prophix for us
Prophix - the perfect match
Rich's Review
Modernized Budgeting, Planning, and Reporting
Prophix - Rich Features & Functionalities.
How Prophix Differs From Its Competitors
Data Integration
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Data Integration
One of the best/easiest systems to integrate, especially on an ad hoc basis. Also very easy to schedule and manage the scheduling.
Prophix also includes the ability to run SQL queries against external databases, and it would be nice to have a SQL editor in Prophix. Currently we develop the SQL …
Deployment
Since we are essentially a single location (with many small sales locations) with a single ERP instance, an on-premise solution made the most financial sense. Server maintenance with Prophix is minimal and relatively cost effective to manage on our own. The expense over time of purchasing a cloud …
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Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Management Reporting (176)9.494%
- Management reporting (182)9.393%
- Financial budgeting (185)9.393%
- Forecasting (177)8.787%
Reviewer Pros & Cons
Pricing
What is Prophix?
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…
Entry-level set up fee?
- Setup fee optional
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Alternatives Pricing
What is Vena?
Vena Solutions provides a financial process automation solution to automate Corporate Performance Management, accounting and budgeting, Regulatory & Compliance, and other finance-related processes. It is scaled for medium to large-sized organizations.
What is Kepion Planning?
Kepion is a cloud planning & analytics software company that connects all organizations' teams under a single view of their business performance. We enable more intelligent decisions to be made by companies about their financial and operational future. Kepion global offices and partners deliver…
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 7Customizable dashboards(10) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 7.1Report Formatting Templates(10) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 9.6Drill-down analysis(92) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 8.5Formatting capabilities(90) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 8.8Report sharing and collaboration(87) Ratings
Report sharing and collaboration is the ability to easily share reports with others.
Report Output and Scheduling
Ability to schedule and manager report output.
- 9.3Publish to PDF(80) Ratings
- 8Report Versioning(60) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 9.2Report Delivery Scheduling(72) Ratings
Report Delivery Schedule is the ability to have reports delivered to a destination at a specific data and time.
Data Discovery and Visualization
Data Discovery and Visualization is the analysis of multiple data sources in a search for patterns and outliers and the ability to represent the data visually.
- 6.6Predictive Analytics(33) Ratings
Predictive Analytics is the ability to build forecasting models based on existing data sets.
Access Control and Security
Access control means being able to determine who has access to which data.
- 9.4Multi-User Support (named login)(86) Ratings
Named model access means that users have access based on name and password.
- 8.8Role-Based Security Model(86) Ratings
Role-based access means that access to data is determined by job or position in the corporation.
- 8.8Multiple Access Permission Levels (Create, Read, Delete)(89) Ratings
Multiple access permission levels means that different levels of users have different rights.
- 8.6Report-Level Access Control(31) Ratings
Report-level access control means that the type of report determines who has access to it.
Mobile Capabilities
Support for mobile devices like smartphones and tablets.
- 9.5Responsive Design for Web Access(44) Ratings
Web design aimed at producing easy-to-read sites across a range of different devices.
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 9.3Long-term financial planning(156) Ratings
3-5 year financial plan with cashflow.
- 9.3Financial budgeting(185) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 8.7Forecasting(177) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 8.8Scenario modeling(143) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 9.3Management reporting(182) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 9.6Financial data consolidation(126) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 9.2Journal entries and reports(79) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 7.7Multi-currency management(62) Ratings
Ability to handle foreign currency conversions during consolidation.
- 8.7Intercompany Eliminations(72) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 6.9Minority Ownership(28) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 9Local and consolidated reporting(108) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 7.4Detailed Audit Trails(88) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 9.3Financial Statement Reporting(165) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 9.4Management Reporting(176) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 9.2Excel-based Reporting(160) Ratings
Ad hoc or formatted reports using MS Excel.
- 9Automated board and financial reporting(138) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 5.2XBRL support for regulatory filing(5) Ratings
Support for the XBRL standard reporting format for exchanging financial data.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 8.6Personalized dashboards(145) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 7.9Color-coded scorecards(104) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 7.7KPIs(114) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 7.6Cost and profitability analysis(115) Ratings
Cost and profitability analysis provides data for business decision making.
- 7.4Key Performance Indicator setting(93) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 7.4Benchmarking with external data(63) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 9.2Flat file integration(142) Ratings
Integration of flat files like text documents and comma separated files
- 9.2Excel data integration(156) Ratings
Ability to integrate directly with Excel data.
- 9.5Direct links to 3rd-party data sources(136) Ratings
Integration with external applications like ERP, CRM, HCM
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Prophix?
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. Prophix is a private company, backed by Hg Capital, an investor in software and services businesses. Additional information can be found at www.prophix.com.
Prophix Features
Budgeting, Planning, and Forecasting Features
- Supported: Long-term financial planning
- Supported: Financial budgeting
- Supported: Forecasting
- Supported: Scenario modeling
- Supported: Management reporting
Consolidation and Close Features
- Supported: Financial data consolidation
- Supported: Journal entries and reports
- Supported: Multi-currency management
- Supported: Intercompany Eliminations
- Supported: Minority Ownership
- Supported: Local and consolidated reporting
- Supported: Detailed Audit Trails
Financial Reporting and Compliance Features
- Supported: Financial Statement Reporting
- Supported: Management Reporting
- Supported: Excel-based Reporting
- Supported: Automated board and financial reporting
- Supported: XBRL support for regulatory filing
Analytics and Reporting Features
- Supported: Personalized dashboards
- Supported: Color-coded scorecards
- Supported: KPIs
- Supported: Cost and profitability analysis
- Supported: Key Performance Indicator setting
- Supported: Benchmarking with external data
Integration Features
- Supported: Flat file integration
- Supported: Excel data integration
- Supported: Direct links to 3rd-party data sources
BI Standard Reporting Features
- Supported: Pixel Perfect reports
- Supported: Customizable dashboards
- Supported: Report Formatting Templates
Ad-hoc Reporting Features
- Supported: Drill-down analysis
- Supported: Formatting capabilities
- Supported: Predictive modeling
- Supported: Report sharing and collaboration
Report Output and Scheduling Features
- Supported: Publish to PDF
- Supported: Report Versioning
- Supported: Report Delivery Scheduling
Data Discovery and Visualization Features
- Supported: Predictive Analytics
- Supported: Support for Machine Learning models
Access Control and Security Features
- Supported: Multi-User Support (named login)
- Supported: Role-Based Security Model
- Supported: Multiple Access Permission Levels (Create, Read, Delete)
- Supported: Report-Level Access Control
Mobile Capabilities Features
- Supported: Responsive Design for Web Access
Prophix Screenshots
Prophix Videos
Prophix Integrations
Prophix Competitors
Prophix Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | Mobile Web |
Supported Countries | Denmark, United Kingdom, Germany, France, Benelux, Italy, Brazil |
Supported Languages | English, French, German, Italian, Spanish, Portuguese |
Prophix Downloadables
- 7 Ways to Reduce the Time Spent on Budgeting
- Guide: ERP and FPM (Financial Performance Management) Systems - The Similarities and Differences
- Faster Year-End Close eBook
- A CFO’s Guide To Optimal Cash Flow Planning - Moving Beyond Stand-Alone Spreadsheets
- A Guide to Scenario Planning - examines the applications of scenario planning, best practices, and how to apply the insights to business
- Guide: Consolidations in a spreadsheet vs investing in a consolidation solution
Frequently Asked Questions
Prophix Customer Size Distribution
Consumers | 0% |
---|---|
Small Businesses (1-50 employees) | 0% |
Mid-Size Companies (51-500 employees) | 5% |
Enterprises (more than 500 employees) | 95% |
Comparisons
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Reviews and Ratings
(286)Attribute Ratings
- 10Likelihood to Renew16 ratings
- 10Availability26 ratings
- 8Performance25 ratings
- 8.8Usability44 ratings
- 8.1Support Rating120 ratings
- 8.7Online Training12 ratings
- 8.3In-Person Training10 ratings
- 8.9Implementation Rating19 ratings
- 8.7Configurability11 ratings
- 9Product Scalability23 ratings
- 9Ease of integration28 ratings
- 8.8Vendor pre-sale18 ratings
- 9.1Vendor post-sale20 ratings
Reviews
(151-175 of 208)- Prophix software is a unified solution for our financial reporting needs. It is relatively easy solution to implement, cost effective and requires little upkeep maintenance.
- Prophix has an excellent detailed planning management tool that allows us to easily account for our personnel budget and forecasting needs, fixed assets, and other balance sheet items.
- Prophix has a line item detail feature that enables us to analyze down to the lowest detail level for our ease of financial and account reporting.
- We are able to easily create multiple templates for financial reporting and answer the needs for our many individual business units.
- Excellent tool to manage the workflow for the budget process.
- Prophix has done an excellent job of continuous improvement of their product. They have addressed almost all of our concerns and issues over the 6+ years we have been on the product. Prophix can still improve performance when using large sets of data dimensions and multiple shared dimensions.
- Enhancement to system to manage the complete accounting close workflow process.
Prophix Review from a new Budget Manager
- Engage with their customers and take user feedback into consideration
- Present a more meaningful visualization of budget detail that can't be recreated in Excel
- Manages workflows in an organization
- Comments need to be integrated into the reporting
- Fewer separate windows for line item details
- A way to compare budgeted vs. actually spend throughout the year
Must Have Financial Tool
Prophix is used for budgeting, financial statements, DPM and various ad-hoc queries/reports for analysis. Prophix is being used across the whole organization (managers and above). Managers of business units review financial data monthly as well as monitor budgets and adjust forecast three times throughout the year.
Prophix helps the organization identify trending patterns, manage costs and analysis of financials. The Prophix budgeting tool has also been extremely helpful to our organization.
- Prophix budgeting and financial tools are easy to use.
- Scorecards/Dashboards
- Drop and drag files into a table, similar to Tableau
- More formating functionality similar to excel (for both reporting and graphing)
- Financial reporting
- Sending/creating/designing reports
- Creating ad-hoc reports/Analysis
- Drill down feature (into accounts) for analysis
Flexible solution to financial reporting, budgeting, and corporate performance management.
- Listens to customers. They are continuously building onto the product based on what customers are saying (such as User Conference, CAB, and Feedback forum).
- The solution adapts to the organization, not the organization having the adapt to the software.
- Excellent customer service department. When problems happen (rarely) or I need to consult with someone at Prophix, their response time is quick, and with the answer I need.
- Senior Management Team are visible. They don't hide behind the curtain. I can call up any VP to discuss any issue.
- The product works!
- Overall, the product is excellent. Where they are currently working on is their web-based solution. What they have done so far is great, but can't wait to see more modules rolled out.
Its core scenario is with financial reporting and budgeting. If you're doing many what-if scenarios or your Excel worksheet goes beyond a half dozen worksheets, then you need Prophix. If you're drowning in Excel, you must give Prophix a good look.
After your top-level financial and budgeting is running efficiently under Prophix, you can then move onto more detailed corporate performance analysis. For us, we did deep dives with Prophix on cashflow, revenue, and compensation.
Take a look at some of their customer videos and white papers. I've talked with several of these companies - they are real. What you can do with Prophix is endless.
Prophix in Utilities
- Reporting can be as detailed or as high level as desired
- Flexibility in analyzing data, setting up reports and setting up models
- Integrate different models and easily transfer data between models
- Flexibility of data entry and calculations
- Ability to drill across to easily access General ledger data
- Error messages are fairly useful, but some improvement would be nice to indicate when data is not written back to the database and why
Prophix Review
- Data Entry: There are many ways to input data into Prophix,whether it be manually, by import, or by calculation. This gives users of differing preferences the ability to enter data as they please.
- Reporting: it is very easy for us to create reports that group the data by office and g/l account.
- Workflow: Prophix makes it easy for us to see where everyone is within the budget cycle.
- We are very pleased and can't think of anything that we are missing.
Prophix - Great budgeting tool
- In the analytics aspect, the ad-hoc analysis allows us to drill down and really allows for specific general ledger budgeting.
- The template designer/template studio is very helpful when doing monthly reports.
- It takes a really long time to switch versions within the ad-hoc analysis, the time it takes is extremely annoying. Sometimes it can be 10-15 minutes to open different parts, depending on how large the version is.
- The "help" tab is not the most user-friendly when trying to learn the different commands.
Novice user
- Automated budget upload from several departments on a click of a button.
- E-mail schedule to send out reports to various people who do not have access to Prophix.
- Live data updates available at your fingertips, without accessing your financial software.
- Web based software, so allows access from anywhere.
- Easier to navigate.
- More training for the users who do not have administrative rights should be available.
- Make it more user friendly.
New users on Prophix, very pleased
- The ability to quickly change the layout of the data in either Ad-hoc view or Template view is extremely powerful. As easy to use a pivot tables, easier management of the data.
- The ability to use MDX for formula creation in dimension setup works very well for us as some of the KPIs we report on can be complex.
- The navigation throughout the system is intuitive and makes learning the system easier. This is great because new users can get up to speed quickly.
- The report design within Template Studio in the Smart Client is very cumbersome. It has an Excel-like feel however it is not quite as smooth as Excel, especially border management.
- Report distribution is only available to licensed users, would be nice to be able to enter any email address as most of the viewers of the report are looking at a static Excel file or pdf report and do not need Prophix access
- Multiple reports require individual distribution or they get merged into one Excel file. This is fine if the report only has a couple of pages, but a monthly report (of which there are 2) with 31 pages becomes a very cumbersome Excel file.
We are still relatively new and have a long list of reports and projects we plan to do in Propix so I cannot comment on what cannot be done as we just have not gotten there yet.
Need to Consolidate, Prophix is here to help
- Consolidating Financial Statements
- Ad-Hoc Reporting
- Budgeting & Forecasting
- Template Studio reports Crash (I am not sure if the report is pulling too much information but the process should be faster)
- Setting up Print Parameters should be easier (similar to Excel)
- Changing Row/Column Member should not alter table formatting
5 Years & No Regrets
- It is very configurable & adaptable, easily able to match your organizational structure and chart of accounts.
- Implementation specialists are very good, helping with initial cube design.
- Custom report design and access to real-time data is done well.
- Journal entry approval process is a bit clunky.
- Security permissions process, although extensive, could be easier.
- Process scheduling engine frequently needs to be restarted, but may be an internal IT issue.
Thumbs up for Prophix!
- Working with many levels of detail.
- Processes can take quite a bit of time (with large amounts of data).
One click to Reporting
- Revenue & Expense Budgeting
- Personnel Planning
- Financial & Management Reporting
- Ad-hoc Analysis
- Fixed Asset Management
- Row limitations on ad-hoc reporting when we want to use matrixes
- Not showing real data when building templates (at design mode).
Prophix Delivers More Value / Less Hype
Currently being used in Finance and Sales areas. Used in both areas to develop forecast and report plan to actual results.
Automatically (or semi-automatically) loads and distributes sales reports on a daily basis. Generates in-month sales forecast to inform management of plan achievement and prior year comparisons.
Creates alternate financial reports for bank financing proposals and ongoing board, management, and bank reporting.
- Regular automated reporting - Easy to set up and schedule the processes needed to load, combine, and calculate data for reports, and then distribute the reports according to flexible schedules
- Easy to set up the data uploads from various sources, then automate the uploads - Prophix can read .txt, .csv, and Excel formats, set up mapping to correct or consolidate overly detailed (or wrong) source data. (Most systems do this; Prophix is just much easier than most others.)
- Clean interface to manage data models - Again, all CPM systems do this, but the Model Manager in Prophix makes this easy. If it is easy, then it is more likely we will make real-time changes in the structures to keep up with the business changes, making our reporting more relevant and timely.
- Generation of Excel based planning and reporting templates. Everyone still like to work in Excel, and this is just real easy in Prophix.
- Scenario management is awkward in that related scenarios need to be at the same levels.
- Calculated scenarios need to be exported and imported since they really do not exist within the data.
- In the early versions of their latest 12 release, the charts are limited. (This is being enhanced with the current release which we do not yet have.)
- When restoring a damaged data model, all changes to reports or templates since the last backup is lost. You can export prior to the restore, then import after the restore, but this is awkward and often hard to manage of there are lots of impacted reports.
- Very limited direct Excel data access via Excel plugin.
Most of these comments deal with the limitations of OLAP (Prophix) databases as compared to SQL (Oracle/SAP) databases. OLAP does a great job in driving management to prioritize those metrics and data they need to run and measure their business. This education leads to a much better understanding of the data being provided. A transaction level database is better suited to detailed analysis, but management (in my experience) does a poor job at trying to manage individual transactions instead of understanding what the aggregated numbers are saying. Also, management can not plan at a highly detailed level because the business is moving too fast. That is where Prophix (OLAP) allows management to create a plan at the right level of detail which can be reported and managed.
More well suited:
- Multiple scenario reporting
- Excel template generation
- Finance ownership and management - takes some training but well worth the flexibility
- Finance, Sales, Operations
Less well suited:
- Highly detailed reporting outside of Detailed Planning Manager
- Direct Excel - SSAS data retrieval
- HR employee management
- Transaction level detail analysis
- Prophix is very flexible and easy to use. To do the cash flow projections, we needed to combine templates, with actual cost information and projected sales. The actual cost information is taking accrual information and converting it into cash. Projected sales are based on our order to cash cycle. All this comes together into an easy to review report. Best of all most of it is automated!
- Prophix is also very good for power users to catch on to and learn very quickly. My Financial Analyst has started to take my reports and convert them into automated reports freeing up my time to focus on more pressing business issues.
- I think Prophix could improve on auto formatting with recommendation of preprogramed in. For example, all budget numbers are converting into currency instead of raw numbers.
- In reporting I think they can improve on the graphing presentation. There are a lot on premise software programs with cutting edge graphing capabilities. Prophix looks just like a spreadsheet. Nothing is wrong with this but more capability would be welcomed!
- Budgeting with multiple departments and determining how the information will be calculated. You can do manual input, or base it off of trailing twelve-month historical information.
- Pulling in data from different sources. For example accounting system, CRM system, EMS, time keeping, and project management.
- Data analysis of non-structured data. To use data you need to have very structured data for their data cube.
Prophix - Mid-Implementation Perspective
- Prophix is very flexible. You can create reports however you need them.
- Prophix seems to handle security very well. This makes reporting very efficient because you do not need to customize each report depending on what level of information an individual needs.
- So far, Prophix's customer support has been very responsive.
- I would like to be able to export reports in the web version out of Ad Hoc into excel. Sometimes I just need to dump out some data to manipulate outside of Prophix.
- The help instructions are sometimes a little vague.
- I'm looking forward to more functionality in the web version.
Phophix makes budgeting easies for all.
- Make it easier to make quick analysis with information from our GL package which is load daily.
- Having 4 years of history within the program makes comparison easier and much quicker.
- Changing the budget over a 4 month budgeting process is far better than before. Many different versions.
- The biggest positive is the flexibility to make changes.
- Running updates to move information into your overall financial statements. Take time and end user complain about it.
- Seeing the whole budget at one time for our end users without running process in the background. Example: moving information from personnel cube to our financial cube or from our revenues cubes having over 30 of this to financial budget statements
- Printing of the budgets exporting to Excel or a PDF for better results instead within Prophix.
- Designing a way to have comment and assumptions or the budgets in a easy to use and printable form. Currently done in Word.
- Making template studio even more like Excel Designing takes more time and not as flexible.
- Producing monthly financial reports, i.e. expense reports.
- Software used for company's budgeting process.
- Storing and reporting operational data.
- Metrics and dash boarding.
- Automation, e.g. it does not publish to SharePoint in the Cloud.
Review
- Financial Reporting - reports are easy to set up, and can easily can also create very complex report involving report-based calculations or multiple dimensions. Reports are very consistent and reliable.
- One-off reporting or analyses are easily supported using the Ad-Hoc tool. Easy to manipulate data across the various dimensions to get to the slice of data that best illustrates the business question.
- Process Manager allows user to streamline actions and processed required for data loading/maintenance/report generation.
- Ability to use Excel as the front end to an ad-hoc query would be helpful so that the query would be saved in excel and user could link to cells to provide dimensional inputs.
- Ability to have alternative hierarchies in all dimensions.
Experienced user
- Calculations (i.e. formulas) are created once and they always work. You don't have to worry about someone breaking or modifying the formula.
- It will hold numerous years of data enabling good trending analysis.
- Enables us to load data once, and then it's available for all required reports.
- We find that speed of loading (data views, templates) and data entry is slow at times. It would be nice to know exactly what and where the problem is so that we can fix it.
- Monthly financial statements
- Any standard production report
- Allocations (allows you to spin the data without affecting the GL)
- Ad-hoc reporting
- Detailed level personnel and capital planning
Review from the standpoint of IT
- Enables accounting to pull financial data from databases and formats them into easy to use reports.
- The new web console looks and works great but needs to have all the features of the smart client before we will start to use it.
- Financial reporting and consolidating information from various sources to one reporting piece
- Easy on boarding and enhancements for new uses. Including training new employees on the system and allowing them to create their own reports.
- Analytics on profitability.
- Graphing capabilities and visiual affects
- Additional tool development and training to help us think beyond what we are doing now.
- Base dashboards set-ups.
- schedule creating for budgeting.
Prophix review
- Data loading
- Adhoc reporting
- offline templates
- Needs compliance reporting for SOX audits. We had to build this ourselves.
- Report and offline template performance is slow.
- Can only run one process at a time. Even on different cubes.
Insight into Prophix
- Almost no IT interference is needed except for the initial setup.
- Ease of use with drop down menus
- Great customer support.
- Product constantly improving.
- The Excel add-on could be improved to be able to pull multiple views into one tab as currently, it can only pull one view to one tab.
- There could be more flexibility with the formulas in the accounts dimension to be able to only point to specific members in another dimension instead of all the members.,
- It is a flexible tool for consolidation that can introduce lots of efficiencies and help drastically decrease the errors vs Excel based budgeting.
- It helps to slice and dice the information to help with the needed analysis.
- Sometimes the communication between departments may not be at the optimal level and Prophix helps increase the integrity of the results by calculating numbers that different departments feed the variables into. So even though one department may be unaware of a change in a number, Prophix may perform the calculation having those both accounts and preserve the integrity of the data.
Prophix at it's best!
- Consolidation of data from different systems.
- Reporting
- User friendliness
- None