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.
Prophix has been perfect for our business!
Easy to use/implement. Great training tools.
Prophix
Forecasting/Scenario Planning
Modernized Budgeting, Planning, and Reporting
Efficient Report and Planning Tool
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
How Prophix Differs From Its Competitors
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Data Integration
Deployment
Lessons for Success
Reporting Capabilities
Automation Capabilities
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Data Integration
Lessons for Success
Journey Experience
Reporting Capabilities
Annual Budget Planning
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Lessons for Success
Innovative Uses
Reporting Capabilities
Automation Capabilities
Annual Budget Planning
Data Integration
Deployment
Lessons for Success
Reporting Capabilities
Annual Budget Planning
Data Integration
Deployment
Lessons for Success
Innovative Uses
Annual Budget Planning
Annual Budget Planning
Data Integration
Deployment
Lessons for Success
The ease of distributing month end reports or any reports is also a …
Innovative Uses
Journey Experience
Reporting Capabilities
Automation Capabilities
We also use template pre-population for our budgeting/forecasting process to give our users a starting point for their budgets/forecasts.
Annual Budget Planning
Data Integration
Deployment
Annual Budget Planning
We have increased end used collaboration and accountability.
We have decreased our month end close due to being able to run multi tiered allocations much quicker.
We have the …
Data Integration
Deployment
We are in the process of moving to the cloud and are very excited to do so!
Lessons for Success
Innovative Uses
Journey Experience
Reporting Capabilities
Automation Capabilities
Annual Budget Planning
Data Integration
Deployment
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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 (179)9.595%
- Management reporting (185)9.393%
- Financial budgeting (189)9.393%
- Forecasting (181)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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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.
- 9.1Pixel Perfect reports(1) Ratings
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
- 7.2Customizable dashboards(11) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 7.3Report Formatting Templates(11) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 9.6Drill-down analysis(95) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 8.5Formatting capabilities(93) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 8.8Report sharing and collaboration(90) 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(83) Ratings
- 8Report Versioning(63) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 9.2Report Delivery Scheduling(75) 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(35) 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)(89) Ratings
Named model access means that users have access based on name and password.
- 8.8Role-Based Security Model(89) 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)(92) Ratings
Multiple access permission levels means that different levels of users have different rights.
- 8.5Report-Level Access Control(33) 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(46) 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(160) Ratings
3-5 year financial plan with cashflow.
- 9.3Financial budgeting(189) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 8.7Forecasting(181) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 8.8Scenario modeling(146) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 9.3Management reporting(185) 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(128) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 9.3Journal entries and reports(80) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 7.8Multi-currency management(64) Ratings
Ability to handle foreign currency conversions during consolidation.
- 8.7Intercompany Eliminations(74) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 7.2Minority Ownership(29) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 9Local and consolidated reporting(110) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 7.5Detailed Audit Trails(90) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 9.3Financial Statement Reporting(168) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 9.5Management Reporting(179) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 9.2Excel-based Reporting(163) Ratings
Ad hoc or formatted reports using MS Excel.
- 9.1Automated board and financial reporting(141) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 6.1XBRL support for regulatory filing(6) 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(148) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 7.9Color-coded scorecards(107) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 7.7KPIs(117) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 7.7Cost and profitability analysis(117) Ratings
Cost and profitability analysis provides data for business decision making.
- 7.5Key Performance Indicator setting(95) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 7.5Benchmarking with external data(64) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 9.2Flat file integration(144) Ratings
Integration of flat files like text documents and comma separated files
- 9.2Excel data integration(159) Ratings
Ability to integrate directly with Excel data.
- 9.5Direct links to 3rd-party data sources(138) 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
(290)Attribute Ratings
- 10Likelihood to Renew16 ratings
- 10Availability26 ratings
- 8Performance25 ratings
- 8.6Usability44 ratings
- 8.1Support Rating120 ratings
- 8.7Online Training12 ratings
- 8.2In-Person Training10 ratings
- 8.8Implementation Rating19 ratings
- 8.7Configurability11 ratings
- 9Product Scalability23 ratings
- 9Ease of integration28 ratings
- 8.9Vendor pre-sale18 ratings
- 9.1Vendor post-sale20 ratings
Reviews
(51-75 of 212)Solid Product = Confidence in our Financials.
Flexible Product and Friendly People with Room to Improve
The product interfaces well with our ERP, however structure changes (new dept, office, etc) are not automated and require constant updates within Model Manager. This can be time consuming and create differences when actuals are pushed from the ERP if a change is not updated in Prophix.
Reporting is customizable and fairly easy to use.
Ideal for Construction Material Companies!
Budgeting Process Made Easy
Prophix is a great tool for any FP&A team.
Easy to Administer
Transform your Reporting and Forecasting ways with Prophix
Prophix usability
Love Prophix
Prophix New User
Flexible and cost effective mid market CPM solution
Prophix
Great software - excellent for multi currency
Our One Source Of Truth
Powerful and flexible reporting tool
Non-Profit Health Care Related Prophix Review
It's also well suited for non financial data analysis. We are able to conduct a rate variance and unit variance in the same report which is extremely helpful to explain the big picture.
Speaking of big picture, Prophix can provide you with the tools to showcase the data in a big picture format (Dashboards) and also provide the tools to narrow down the areas that need more specific focus.