Prophix

Prophix Reviews

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Ratings and Reviews
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September 13, 2021

Our One Source Of Truth

Tom Samuelson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix does a nice job on the reporting, forecasting and budgeting side. It allows us to get information in a report form to our executives and management team very quickly. Where we found a challenge was on the personnel and headcount side. Planning compensation increases for the out years has been a bit of a challenge for us.
Score 8 out of 10
Vetted Review
Verified User
Review Source
Prophix is appropriate for almost any reporting requirement, internal or external. It deals with data from multiple sources. It has worked well for us. It's less appropriate for General ledger, P2P, and AR. Being cloud/ web based, you will of course need a very good internet connection or performance will be very slow.
Emily Anauo | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
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.

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.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Consolidating financials and forecasting and Budgeting. The input templates are relatively easy to create and maintain. With good design (template and process), it can be a seamless tool to gather forecast and budgeting data from end-users and summarize for top-level reporting. Works well for multi-location/country organization (handles fx well). Versioning works well as long as you don't need too many versions (20+ especially if using calculated versions). Good functionality and excellent value for mid-market solution.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Prophix is really easy to use once set up. It can take a while to understand things, but once up and running it is an intuitive piece of software and makes financial reporting much quicker for the company. Sometimes it can be frustrating that the reporting features do not completely mimic excel, but product exchange nets are always being released which allows users to work with the software in a way they are comfortable with.
September 21, 2021

Prophix

Score 8 out of 10
Vetted Review
Verified User
Review Source
I've used other budgeting/reporting tools and I do think Prophix has been easy to learn, is dynamic, has multiple levels of details/drill across functions available, etc. We do not use Prophix for our month end close, but we do use it for all of our reporting, budgeting, and forecasting. My team collects budget and forecast data from multiple areas and Prophix makes it possible for these users to submit their product line forecasts/projections within Prophix, and then we can roll up the data into our totals and analyze at the system-wide level.
September 17, 2021

Easy to Administer

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix is terrific consolidation application. If you need to source data from multiple places - you can do it very easily with no other tools using the Process Manager.
September 10, 2021

Prophix New User

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix makes data manageable. The drill across feature is great for seeing detailed transactions quickly. Dashboards make files easily accessible rather than combing through files of where you think it might be.
Score 9 out of 10
Vetted Review
Verified User
Review Source
I would recommend Prophix for an organization that still utilizes Excel or un-supported reporting tool and has over 50 reports to format for end-users each month, Prophix will become a huge asset in cutting that time and allowing for more useful data analytics to be done. Also the ability to create a forecast or budget from multiple users using the workflow is a valuable tool.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Prophix is adaptable to many different types of organizations. It is an exceptional tool for budget development, even across complex organizations. Prophix also allows a much more flexible approach to financial reporting and analysis than is offered in most ERP systems. An added bonus is the ability that Prophix has to handle long-range planning and forecasting.
Ben Swinney | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix works well for companies that want flexibility but also want to build standardized, efficient processes. It does great for management reporting, forecasting and budgeting. If you have a lot of data elements (number of fields and number of data items), it can reach some capacity issues.
Marcia Jo Frazier | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Prophix helps any business (regardless of size) that is having trouble analyzing large amounts of data. It allows you to focus on the big picture instead of having to comb through every single detail. Prophix can also guide your organization to a more disciplined approach, however, if you are not currently disciplined as an organization it can be a painful transition.
Score 10 out of 10
Vetted Review
Verified User
Review Source
I think Prophix is best suited for budgeting, reporting actuals, and looking for variance analysis. Prophix is also great at showing real time production data to managers and the executive team. Prophix is amazing to use when changes occur within your organization and flexibility is desired. I would highly recommend Prophix to any organization.
Michael Senchuk | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Probably a 9. I don't know if it would be the best solution for EVERYONE, but it sure would be a great solution for most in my opinion. I think most small-medium and medium-sized organizations would be perfect for it.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Prophix is well suited for accessibility and real time information sharing ... the report users receive the most benefit ... the key for the admin and the super users is to see something more familiar in the report creating process ... would be wonderful if the Cloud 365 capabilities are more similar where the reports could be generated in another program (Cloud 365) and Prophix provide the portal to translate the shared platform into the Admin Prophix account. Data visualization in the Daily Dashboard could also be an area for improvement if the Cloud partners have better capabilities for visual reporting ... these same capabilities should already be available.
March 29, 2021

Prophix 12 Review

William Van Hulzen | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
I can speak for a mid-sized company, once prophix is implemented and users are trained (requires consultants and dedicated effort by users) it can be a very useful tool to eliminate the use of excel spreadsheets and standardize reporting, planning and forecasting. It is flexible enough for "super" users to take it into areas of analysis and reporting that may not be possible for many such products, such as human resources, capex, fixed assets, commissions, anywhere a database or cube could hold data for analysis and reporting. Prophix is also cost effective, mid-market level, and opens up opportunities for companies that can't afford HFM or the like.
Score 8 out of 10
Vetted Review
Verified User
Review Source
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. :)
Gavin Scott-Miller | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Prophix is designed for its flexibility and communication. It’s acting for us like a backlog tracker or a revenue and profit tracker. It helps at our end of the month reports and meetings so everyone can be on the same page with that needs to be done for the following month. It would be less appropriate for simply using like a spreadsheet without a bunch of predetermined formulas and data being pulled from our database.
Joe Scheidecker | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Works great for budgeting and reporting. Most users use the web client because of the dashboard availability, which is great but also limited. I do look forward to Prophix expanding the dashboard capabilities in the future as there are many improvements that can be made, but they are off to a good start.

At this point I would not recommend doing consolidations in Prophix.

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix provides a flexible alternative to standard reports available in our software. It allows us to create and customize modern financials with a limited amount of work. Prophix saves us time during the budgeting, close, and reporting processes.
Dean Spencer | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
It has worked well for our organization but has been adopted at a slower pace than we originally envisioned. The Accounting staff using the system needs to have a good understanding of report writing to get the full benefits of using the product.

Prophix Scorecard Summary

Feature Scorecard Summary

Ad-hoc Reporting (3)
77%
7.7
Drill-down analysis (40)
81%
8.1
Formatting capabilities (39)
72%
7.2
Report sharing and collaboration (37)
79%
7.9
Report Output and Scheduling (3)
80%
8.0
Publish to PDF (34)
82%
8.2
Report Versioning (26)
77%
7.7
Report Delivery Scheduling (30)
82%
8.2
Data Discovery and Visualization (1)
73%
7.3
Predictive Analytics (13)
73%
7.3
Access Control and Security (3)
85%
8.5
Multi-User Support (named login) (35)
85%
8.5
Role-Based Security Model (36)
85%
8.5
Multiple Access Permission Levels (Create, Read, Delete) (38)
86%
8.6
Mobile Capabilities (1)
86%
8.6
Responsive Design for Web Access (17)
86%
8.6
Budgeting, Planning, and Forecasting (5)
79%
7.9
Long-term financial planning (116)
80%
8.0
Financial budgeting (135)
91%
9.1
Forecasting (129)
83%
8.3
Scenario modeling (111)
59%
5.9
Management reporting (135)
80%
8.0
Consolidation and Close (7)
75%
7.5
Financial data consolidation (93)
84%
8.4
Journal entries and reports (56)
76%
7.6
Multi-currency management (40)
70%
7.0
Intercompany Eliminations (49)
73%
7.3
Minority Ownership (19)
68%
6.8
Local and consolidated reporting (76)
83%
8.3
Detailed Audit Trails (60)
73%
7.3
Financial Reporting and Compliance (5)
75%
7.5
Financial Statement Reporting (120)
81%
8.1
Management Reporting (130)
84%
8.4
Excel-based Reporting (117)
83%
8.3
Automated board and financial reporting (99)
83%
8.3
XBRL support for regulatory filing (2)
45%
4.5
Analytics (6)
77%
7.7
Personalized dashboards (104)
89%
8.9
Color-coded scorecards (76)
65%
6.5
KPIs (81)
79%
7.9
Cost and profitability analysis (86)
75%
7.5
Key Performance Indicator setting (68)
77%
7.7
Benchmarking with external data (46)
77%
7.7
Integration (3)
76%
7.6
Flat file integration (103)
80%
8.0
Excel data integration (114)
80%
8.0
Direct links to 3rd-party data sources (95)
69%
6.9

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.