Prophix
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Prophix
Overview
What is Prophix?
Prophix 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.
Read moreRecent Reviews
How Prophix Differs From Its Competitors
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
View all 37 features- Financial budgeting (150)9.191%
- Management Reporting (144)9.191%
- Management reporting (149)9.191%
- Forecasting (143)9.090%
Reviewer Pros & Cons
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Pricing
View all pricingEntry-level set up fee?
- Setup fee optional
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
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Product Demos
Corporate Performance Management by Prophix
01:46
Reporting & Analysis
02:00
Operational Planning
01:43
Operational Planning
01:43
Features
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Product Details
- About
- Competitors
- Tech Details
- FAQs
What is Prophix?
To empower mid-market companies to achieve their goals, Prophix provides an integrated, cloud-based platform to the Office of Finance; one that delivers planning, budgeting, reporting, forecasting and consolidation solutions. Prophix helps finance leaders improve profitability and minimize risk and puts the focus back on uncovering business opportunities. Prophix supports the future by adapting to meet companies' strategic realities, today and tomorrow. The solution boasts over 2,500 active customers currently around the globe.
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 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
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 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.
In less than 2 minutes see how Prophix offers the ability to tailor 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 a dynamic environment.
A short 1.5 minute overview about how Prophix gives a clear picture of operational costs and connects them with key factors that drives revenue. That increased line-of-sight is made possible because Prophix tracks and monitors all day-to-day operational planning activities. Im...
Show More 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 operati...
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Prophix Technical Details
Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
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Operating Systems | Windows, Mac |
Mobile Application | Mobile Web |
Supported Countries | Denmark, United Kingdom, Germany, Brazil |
Frequently Asked Questions
Prophix 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.
Workday Adaptive Planning, Vena, and Wolters Kluwer CCH® Tagetik are common alternatives for Prophix.
Reviewers rate Financial data consolidation and Financial Statement Reporting highest, with a score of 9.2.
The most common users of Prophix are from Mid-sized Companies (51-1,000 employees).
Prophix Customer Size Distribution
Consumers | 0% |
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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
(230)
Attribute Ratings
Reviews
(1-25 of 171)- Popular Filters
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February 01, 2023
Intuitive Software for an Inexperienced User
- Simplified month end close process
- More efficient budgeting and forecasting
- Improved visibility into the general ledger
January 30, 2023
Prophix - CPM made easy
- We have streamlined our budgeting process immensely
- We have expanded our reporting capabilities exponentially with Prophix
January 26, 2023
Solid Product = Confidence in our Financials.
- Quick month-end close process.
- Streamlined budgeting and forecasting.
January 23, 2023
Flexible Product and Friendly People with Room to Improve
- greater detail for budgeting and forecasting
- automated reporting
- one stop source for all things planning and reporting
January 19, 2023
Prophix for us
- Less time creating reports
- more value to costumers
- better UI
December 30, 2022
Budgeting Process Made Easy
Score 10 out of 10
Vetted Review
Verified User
- Helped created a budgeting workflow which is easy to follow
- Helped us stay on track to finish budget input timely
- Gave us the ability to create and distribute several reports types and versions based on user needs and security.
- Quick report turnaround after month end close
December 28, 2022
Prophix: Advancements in Reporting and Budgeting
- Our end of month process has streamlined over the years to account for a 3 day close rather than the previous 7 day
- Finding errors when the financials are pulled is also easier with the consolidation reporting that Prophix offers
- Allowing for Prophix to compile all end of month reports also saves admin time at EOM
December 28, 2022
Prophix is a great tool for any FP&A team.
- Streamlined budgeting and planning.
- Faster month-end and quarter-end close processes.
- Ability to have real-time knowledge of expenses.
- We have found Prophix to have a solid payback for the way we use it. Hard to put a number on it but budgeting has become much easier and much more detailed.
- Detailed planning personnel is a large reason budgeting has become easier and more accurate.
December 21, 2022
Another Review
- Great Actuals to Budget Analysis
- Great analysis by Department
- Great analysis by line of business
- Report Distribution Efficiency
- Increased Budget Comprehensiveness
- Decreased time to close fiscal periods
March 04, 2022
Flexible Reporting Tool
- Faster budget close process.
February 28, 2022
Easy to Administer
- Simplified reporting packages
- Standardized Monthly report templates
- Transparency with formulas in distributed templates is HUGE!
February 25, 2022
Transform your Reporting and Forecasting ways with Prophix
- Quicker turnover in monthly close with Distribution of reports to the Leadership team with the help of Report Binders
- Reduced the room for error as we move from Excel based Forecasting.
- Managers are excited to view their Dashboards and their KPI's which motivates them.
February 22, 2022
Prophix is the way to go, stop looking!
- Streamlined Budgeting
- Streamlined Forecasting
- Decreased time spent consolidating
January 31, 2022
Prophix usability
- Streamlined budgeting and planning
- Streamlined Internal reporting
January 26, 2022
Great tool for budgeting and variance analysis
- Streamlined budgeting and planning.
- Streamlined variance analysis.
- Faster month end reporting.
January 25, 2022
Love Prophix
- Saves time on month end close and year end close
- Saves time on creating reports
- Saves time on budgeting and gets more people involved
- Improved ability to provide re-forecasts
- More accurate budgeting in less than half the time it previously took
- Ability to provide more timely management reports
- Dashboard charts and badges customized for different departments/security levels
January 04, 2022
Prophix New User
- Annual budgeting is made easier
- Financial statement disbursement is faster
- Returns on Ad-Hoc information is quick
September 22, 2021
Flexible and cost effective mid market CPM solution
- Streamlined budgeting and planning
- Unified CPM platform (instead of just Excel files!)
- One single system of record for all financials (global ledger)
September 21, 2021
Prophix
- Streamlined budgeting
- Streamlined forecasting
- Detailed level planning (DPM)
September 20, 2021
Great software - excellent for multi currency
- Faster month end reporting
- Streamlines budgeting
- Version control
September 13, 2021
Our One Source Of Truth
- It has allowed us to better oversee and streamline our budgeting and re-forecasting process.
- It allows us to distribute financial information much quicker than in the past.
September 11, 2021
Powerful and flexible reporting tool
- Streamline external audit (FS consolidation)
- Streamline other regulatory compliance work
- Streamline internal periodic and ad hoc reporting
- Enable more reporting