Prophix

Prophix Reviews

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Ratings and Reviews (211)
Features Scorecard
Product Details

Ratings and Reviews
(1-25 of 160)

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May 06, 2021

Satisfied and Worth It

Verified User
Director in Finance and Accounting
Non-profit Organization Management Company, 201-500 employees
Score 9 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • Streamlined exporting financial reports to end-users from 3-4 days to just under 1 day.
  • Annual budget and personnel planning can be done seamlessly through the same program allowing more time to review and make informed decisions.
April 05, 2021

Prophix is very flexible and adaptable

MR
Mark Russell
Controller
Ohio Northern University (Higher Education, 501-1000 employees)
Score 9 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • Prophix has enable ONU to streamline its budget development process, which includes the inputs of nearly 100 users across campus
  • ONU has been able to provide better financial analysis by utilizing Prophix
  • By utilizing Prophix, ONU has been able to provide a variety of financial reports to meet the needs of various constituents from managers all the way through the Board of Trustees. All of this can be done in very time-efficient way.
April 01, 2021

Prophix Delivers Great Value, Functionality and Customer Service! They Care About their Customers.

Ben Swinney | TrustRadius Reviewer
Ben Swinney
Senior Vice President - Treasurer / Planning and Analysis
Texas Security Bank (Banking, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • Decreased the time to close the monthly reporting by 3 days
  • Increased the accuracy of our reporting
  • Increased the ability to generate more robust reports for our various managers
April 01, 2021

Prophix Review - Accurate and Efficient Budgeting

AK
Alex Kaiser
Controller
Richard Heath and Associates, Inc. (Program Development, 51-200 employees)
Score 10 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • The greatest impact Prophix has had is provided useful data for business decisions, especially with variance analysis and real time production data.
  • Prophix has saved our company a considerable amount of time during our budgeting/forecast process as well as reporting actuals and variance to managers.
April 01, 2021

Prophix For Budgeting. Results, and Operations

Michael Senchuk | TrustRadius Reviewer
Michael Senchuk
Financial Reporting Manager
Westcan Bulk Transport (Transportation/Trucking/Railroad, 501-1000 employees)
Score 9 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • Not only did it cut significant time off our budgeting cycle, but it allowed us to do things we couldn't even do in excel versions (i.e., load in another month of data for comparables three days before presenting to executive team).
  • Month-end reporting has resulted in the ability to continually tweak reporting to focus end-users on what's important; our previous reporting package (inside our accounting software) was far too cumbersome to make this work.
  • Moving all of my other data functions inside Prophix has resulted in not only a lot more efficiency for me, *but* it allows me answer about 95% of ad hoc questions coming at me with the data I now have stored, as opposed to starting from scratch by extracting raw data out of our original systems every time.
April 01, 2021

Prophix Platform ... less taxing

RW
Raymond Weigand
Finance
IAPMO.ORG (Non-profit Organization Management, 51-200 employees)
Score 9 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • Creates a better return on resources ... not measured in economics ... in the increased capacity in the human resources.
  • Creates a more timely and professional environment ... not measured in economics ... in the increased team work
  • Creates abilities to showcase modern financial reporting techniques ... not measured in economics ... provides motivation for online learning
March 29, 2021

Prophix 12 Review

William Van Hulzen | TrustRadius Reviewer
William Van Hulzen
Manager of Consolidations and Reporting
Schumacher Electric Corporation (Consumer Goods, 1001-5000 employees)
Score 9 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • Cost effective solution for mid-sized companies when compared with Oracle/HFM and the like.
  • Time savings has allowed for less number crunching and more analysis of data.
  • Variance analysis has improved due to line item details in the plan or forecast which can be compared to actual results.

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.