Prophix

Prophix Reviews

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Ratings and Reviews
(1-25 of 37)

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Emily Anauo | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Our organization loves Prophix. We also love that they are always enhancing the product and take user feedback seriously. Prophix has enabled our organization for more accountability and cross function budgeting. Prophix has also saved our finance team approximately 15 hours every month end, allowing more time for proper analysis.
September 17, 2021

Easy to Administer

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix web interface is so tremendously easy to use, especially compared to some of the competition. Interfaces are laid out in a very intuitive manner.
September 10, 2021

Prophix New User

Score 10 out of 10
Vetted Review
Verified User
Review Source
I find report building difficult, but they do offer many training course through prophix academy and also a support system.
March 29, 2021

Prophix 12 Review

William Van Hulzen | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Prophix is necessarily complex because it is a very flexible tool that can be used to solve just about any data analysis or reporting need. There is always a disconnect between the initial presentation of a software product and actual implementation and use. Be sure to allocate the necessary investment in time and money for consulting help and user training.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Great for budgeting when multiple inputs are required across the organization. It is very helpful to have possible Excel templates for people who refuse change and are not into learning a new software.
Data is housed efficiently and it's easy to do ad hoc analysis.
Prophix is very easy to use and it has a nice interface.
October 02, 2020

Great Customer Service

Philip Hopkins, CMA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Customer service is great. I am happy with the reporting and budgeting capabilities. Accessories and options for charts, graphs and reports are basic and could be better. Model management and consolidating of accounts into reports is simple. Great options for continued learning for more technical and advanced features.
Score 9 out of 10
Vetted Review
Verified User
Review Source
I think Prophix overall has been very intuitive and easy to grasp the basics of. We have a lot of users at my organization and it has been easy to get new users familiar with the system. It has improved the budget process and the collaboration across different teams. While I think there are some more complex features of Prophix, for an everyday user I am happy with the usability.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix is a very flexible system. They continually work on new features and improvements to the system. You do not have to wait for an annual upgrade if you using the cloud-based model. Enhancements and changes are updated seasonally. You are provided with excellent training tools and are offered to purchase a customer success plan that includes training and customer support. The system is well worth the investment we have made.
October 02, 2020

Love Prophix

Score 9 out of 10
Vetted Review
Verified User
Review Source
I think after an initial learning curve, it's very usable and allows for greater report creation, ad hoc reporting, and report manipulation to give you exactly what you need. Weve migrated over more and more departments in F&A over to prophix as we've expanded our functionality with them.
December 31, 2019

Prophix is excellent!

Score 10 out of 10
Vetted Review
Verified User
Review Source
The data can be sliced and diced many ways, and each user is able to do it however they like. It is easy to create or run existing reports. We have made many of our processes more efficient, and Prophix has allowed us to save more time than you can imagine. We are able to use Prophix for Expense tracking, Expense and Capital planning, reforecasting, Compensation planning, Project tracking, Expense allocation, GAAP PLOB reporting, and still have several more tasks to implement through Prophix.

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.