Prophix

Prophix Reviews

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March 29, 2021

Prophix 12 Review

William Van Hulzen | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Know your requirements. Make sure you are on the same page as your consultant with cost and expected return. Know how much training will be involved and plan for it both in time and $. The implementation will be the responsibility of management, don't expect the consultant to do everything!
Rebecca Evans | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Planning, planning, planning. Prophix will send you some Excel spreadsheets ahead of implementation. If those spreadsheets are complete, implementation will be smooth. Also, set aside some time during implementation to work with the Prophix staff and ask lots of questions. The knowledge they share is invaluable.
Narine Chalumyan MBA | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Since company's IT department was not part of the implementation and it was done only by an executive assistant who did not have extensive knowledge about finance and accounting it was done VERY Poorly and haphazardly. Nothing was done properly and it was not planned correctly. It worked for short term but after 2 years we had to re-do all the cubes and it was very hard to fix and correct things
Carl Evans | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Prophix Consulting should bring, in house, chargeable expertise in Oracle EBS table access for Drill Across and provide reasonable limits on dimension member combinations so there are no unreasonable expectations about the application of multi dimensional cubes to detail, such as revenue by product and customer.
Steve Anderson | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Make sure you have a good thought process for a well laid out general ledger structure. Prophix works like a powerful pivot table, so having data that can be analyzed well in that format will allow for much more useful reports. The implementation team will do what you request, but take the opportunity to review your data structure as you begin implementation.

Prophix Scorecard Summary

Feature Scorecard Summary

Ad-hoc Reporting (3)
77%
7.7
Drill-down analysis (43)
81%
8.1
Formatting capabilities (42)
72%
7.2
Report sharing and collaboration (40)
79%
7.9
Report Output and Scheduling (3)
80%
8.0
Publish to PDF (37)
82%
8.2
Report Versioning (28)
77%
7.7
Report Delivery Scheduling (33)
81%
8.1
Data Discovery and Visualization (1)
71%
7.1
Predictive Analytics (15)
71%
7.1
Access Control and Security (3)
84%
8.4
Multi-User Support (named login) (38)
84%
8.4
Role-Based Security Model (39)
84%
8.4
Multiple Access Permission Levels (Create, Read, Delete) (41)
85%
8.5
Mobile Capabilities (1)
83%
8.3
Responsive Design for Web Access (20)
83%
8.3
Budgeting, Planning, and Forecasting (5)
78%
7.8
Long-term financial planning (118)
80%
8.0
Financial budgeting (138)
91%
9.1
Forecasting (132)
83%
8.3
Scenario modeling (113)
58%
5.8
Management reporting (138)
80%
8.0
Consolidation and Close (7)
73%
7.3
Financial data consolidation (96)
83%
8.3
Journal entries and reports (58)
73%
7.3
Multi-currency management (43)
69%
6.9
Intercompany Eliminations (51)
72%
7.2
Minority Ownership (21)
62%
6.2
Local and consolidated reporting (79)
82%
8.2
Detailed Audit Trails (63)
70%
7.0
Financial Reporting and Compliance (5)
75%
7.5
Financial Statement Reporting (123)
80%
8.0
Management Reporting (133)
83%
8.3
Excel-based Reporting (119)
83%
8.3
Automated board and financial reporting (101)
83%
8.3
XBRL support for regulatory filing (2)
45%
4.5
Analytics (6)
76%
7.6
Personalized dashboards (107)
89%
8.9
Color-coded scorecards (79)
64%
6.4
KPIs (84)
79%
7.9
Cost and profitability analysis (88)
74%
7.4
Key Performance Indicator setting (71)
76%
7.6
Benchmarking with external data (48)
75%
7.5
Integration (3)
76%
7.6
Flat file integration (105)
80%
8.0
Excel data integration (116)
79%
7.9
Direct links to 3rd-party data sources (97)
68%
6.8

What is Prophix?

Prophix’s Corporate Performance Management (CPM) software promises to help users achieve 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 the user's future with a platform that flexes to suit strategic realities, today and tomorrow. For more information, visit 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

Analytics 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

Ad-hoc Reporting Features

  • Supported: Drill-down analysis
  • Supported: Formatting capabilities
  • 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

Additional Features

  • Supported: Profitability Analysis
  • Supported: Personnel Planning
  • Supported: Sales & Revenue Planning
  • Supported: Cash Flow Planning
  • Supported: Cross Company Planning
  • Supported: CapEx Planning
  • Supported: Reporting
  • Supported: Project Planning
  • Supported: Scenario Planning
  • Supported: Financial Consolidation & Close
  • Supported: Anomaly Detection
  • Supported: AI (Artificial Intelligence)
  • Supported: Visual Analytics

Prophix Screenshots

Prophix software is the right balance of simplicity and depth of functionality, delivering a CPM solution that is easy, powerful and enables collaboration. Prophix provides a single, unified CPM solution for budgeting, planning, forecasting, reporting, and financial consolidation.Prophix Visual Analytics makes working with data easier and more intuitive for CPM users. With one click information access and structured visual data discovery users can easily see the value in their data.

Uncover powerful insights with stunning interactive charts and graphs
Accelerate the path to analysis
Quickly see data from various viewpoints and perspectives
Enable many users to interact and adjust data on-the-flyAd hoc analysis and templates with Prophix have search capabilities for quick analysis and template creation so that you can interrogate and navigate across multidimensional data to get to exactly what you need in just a few clicks.Workflows with Prophix provide a quick, interactive overview of the tasks you are responsible for, either as a direct owner, or something that you have to approve. Workflow allows you to filter and show you all the tasks that are in progress, past due or finished with a clean interface, showing you relevant, important items right away.

Prophix Videos

Prophix develops Corporate Performance Management (CPM) software that integrates financial budgeting, planning, reporting, forecasting, consolidation, analytics, scorecards and dashboards in a single, unified application budgeting software tool.
Move beyond spreadsheets for budgeting with Prophix. Watch this short 1.5 minute overview about how Prophix will make your annual budget process more efficient.
In less than 2 minutes see how Prophix gives you the ability to tailor your financial statements and management reports so that information is delivered in a way that’s both insightful and meaningful. Prophix provides structure reports around business requirements in an error-free, dynamic, and intuitive environment, resulting in better decisions, made faster.
See a short 1.5 minute overview about how Prophix gives you a clear picture of all your operational costs and connects them with key factors that are driving your revenues. That increased line-of-sight is made possible because Prophix tracks and monitors all day-to-day operational planning activities. Improving operational outcomes for the short-term and providing insights into your future operations.

Prophix Integrations

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

Prophix Competitors

Prophix Pricing

Prophix Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)0%
Mid-Size Companies (51-500 employees)5%
Enterprises (more than 500 employees)95%

Prophix Technical Details

Deployment TypesOn-premise, SaaS
Operating SystemsWindows, Mac
Mobile ApplicationMobile Web
Supported CountriesDenmark, United Kingdom, Germany, Brazil

Frequently Asked Questions

What is Prophix?

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.

What is Prophix's best feature?

Reviewers rate Financial budgeting highest, with a score of 9.1.

Who uses Prophix?

The most common users of Prophix are from Mid-size Companies and the Hospital & Health Care industry.