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
We use Prophix for all of our financial reporting, forecasting, and budgeting across the whole organization. It is used for all of our month-end reporting, our quarterly re-forecasting, and our yearly budget process. It is also used for any ad hoc reporting requested by our executive/management team. It is our one source of truth for all financial data.

We have just started using Prophix to review our customer profitability. It allows us to analyze each customer and how we can improve their profitability and in turn the companies profitability.
Score 8 out of 10
Vetted Review
Verified User
Review Source
We use Prophix for Capex planning and project management including variance analysis budget vs actual, internal reporting (formal quarterly reports, ad hoc management reports, with variance analysis year-on-year), consolidated external reporting (several entities across multiple countries and currencies), other external reporting. Prophix replaces time-consuming Excel processes to compile complex reports. Workflows streamline monthly processes and support multi-level approvals.
Emily Anauo | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Barber uses Prophix in the Finance Department to support other departments such as Programs and Human Resources. Prophix helps us to address business problems such as wage analysis, dashboard metrics, time savings at month-end, etc.

We also use Prophix to help our Clinical program with their productivity reports. Prior to using Prophix, they were using very cumbersome process using excel. They also had very limited functionality for the reports that they were using. Now they are able to see details and the data in graphical format which is appealing to everyone!

We also use the Dashboarding functions for our monthly and quarterly meetings. This has replaced another excel based cumbersome process. The dashboards allow users to look at the big picture to understand operations and then can drill down as needed to the areas that need more focus.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We primarily use Prophix as a tool to consolidate and present out our global financials. It is managed by our finance team with minimal involvement from IT. Our users are located throughout the globe in our network of agencies. We also use Prophix for global forecasting and budgeting. We use both on premise and cloud interfaces. Prophix has enabled us to use a single platform for our global planning activities and consolidated financial reporting.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We use Prophix across our business to assist with budgeting and forecasting as well as producing financial reporting. Our company reports in multi currency, so the software is used to convert across the currencies we use quickly and efficiently, allowing us to focus our time on analysis rather than production of the numbers. The ability to consolidate multiple branches and locations quickly is really changing the way we work
September 21, 2021

Prophix

Score 8 out of 10
Vetted Review
Verified User
Review Source
Prophix is being used in the insurance services division of our organization. It is being used by multiple products but only this division. We use it for reporting, forecasting, and budgeting. Additionally, our administrative department owners use Prophix for headcount budgeting and regular budget vs. actuals reporting.
September 17, 2021

Easy to Administer

Score 10 out of 10
Vetted Review
Verified User
Review Source
Used as data aggregation & reporting tool. We're utilizing this to export Multi-tab workbooks & provide reporting to executive level staff. This tool allows us to very flexibly change the Chart of Accounts, add new entities and quickly report and find outliers in the month-end closing process
Score 9 out of 10
Vetted Review
Verified User
Review Source
Prophix is being used for our financial reporting, budgeting, forecasting, and personnel planning needs. We have a unique user for each department within the organization. The initial business problem addressed by Prophix was a need for financial reports to seamlessly get to our end-users. Prior to Prophix, our reports would be ready within 3-4 days after closing the month. Today we cut that down to 1 day!
Score 9 out of 10
Vetted Review
Verified User
Review Source
Ohio Northern University (ONU) uses Prophix for reporting and budget development across its entire campus. We have also been able to utilize Prophix to perform analyses involving data over multiple years. These analyses are not possible with our ERP system, Ellucian Banner. Utilization of Prophix for budget development has allowed ONU to develop its budget in a decentralized fashion since its implementation. This has resulted in better engagement from the nearly 100 Prophix users across campus and has enabled ONU to develop better and more accurate budgets. Budget managers appreciate the ease of use of Prophix.
Marcia Jo Frazier | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Prophix is used by the whole organization. The finance department does utilize Prophix more than any other department. It has allowed us to improve our budgeting process; we were able to eliminate duplicate work and hours combining spreadsheets. We have saved so much time that can now be dedicated to other tasks or analyzing data instead of just gathering it.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix is currently being used to budget, report profit and loss statements, and do variance analysis for over 20 programs. We also use Prophix for reporting on personnel planning and cross charging between departments. We integrate Prophix with our production databases to show real time production trends. Over 20 program managers interact with Prophix and make business decisions using the most up to date, relevant data. Prophix saves a lot of time for our company and helps provide the most relevant data for business decisions.
Michael Senchuk | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
We use Prophix in three ways: (1) as an integral part of our budgeting/forecasting process; (2) to report monthly financial results; and (3) for other reporting purposes, like headcount and turnover, and operations-related information.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Prophix is available across the whole organization and is currently set up for real time reporting of actual results vs budget ... the Prophix platform is web based and is accessed via the internet ... financial results are now more available and more timely for the decision makers and their direct reports.
March 29, 2021

Prophix 12 Review

William Van Hulzen | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Prophix is being used for our financial reporting, planning/forecasting and hopefully on down the road for dashboards, detail sales reporting, etc.

The finance department is the main user of prophix, however, line departments are asked to input plan and forecast data for review and consolidation.

Prophix allows us to maintain current and historical data that was previously being handled by excel spreadsheets. Monthly consolidation of multiple entities, planning and forecasting are now done more quickly with detail and commentary that can be made part of the record.

Score 8 out of 10
Vetted Review
Verified User
Review Source
We use Prophix for our budgets, forecasting and reporting. Our entire organization uses Prophix for budgeting. Each department puts together their entire budget in Prophix and then I am in charge of reviewing all departments. I make sure their budgets were created and approved and then I monitor throughout the year. Prophix has helped us tremendously with staying organized and getting our budgets done timely. I really enjoy the workflow that the software has to offer. It keeps me organized and lets me know who has and hasn't finished their budgets. Keeping everyone on task is extremely important and I feel the workflow helps with this. With so many hands in the pot it can be overwhelming sometimes with going through a budget process but with the workflow it makes it a breeze and our budget owners love it as well. The budget owners get reminders and the approvers receive an email when the budget owner has submitted their budget and it is ready for review. I'm not sure where I would be without this amazing feature. I can't thank Prophix enough for the help it offers in keeping things organized and helping with timeliness.
Gavin Scott-Miller | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Our team utilizes the Prophix software for monthly forecasting for our financials. It acts like a large check and balance for communications between operations and accounting. We have found that without a proper forecast, it’s hard to maintain budgets or accuracy on expected revenue and profit on each of our projects. That is where Prophix steps in, as we are able to sync it with our other databases and software.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We use Prophix for budgeting/forecasting, personnel planning, and financial statements. We are able to pull data out of our data warehouse, have one source of the truth, and make better decisions based on this. The finance team is the main user of Prophix, but we are expanding its use for budgeting/forecasting. It solves the problem of disparate systems and allows for more efficient budgeting/forecasting, closing the books, and reporting.
Rebecca Evans | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We are using Prophix for budgeting and forecasting. We have rolled out the tool to all department managers. They love the line item detail feature. They are able to list each vendor/expense individually to ensure nothing is missed.

In addition, we use the Detailed Planning Manager to track payroll expenses by person and by department. It assists us in tracking employee turnover costs and to manage our expenses throughout the year. It allows us to calculate payroll tax from a variety of different countries.

The Ad Hoc function gives us the flexibility to "slice and dice" the data in numerous ways to provide quicker analysis.
Dean Spencer | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
We are using Prophix for consolidated management reporting across all of our business units. It has helped us move from an extremely manual Excel based process to a much more automated monthly reporting process. The system is also helping individual business units with their reporting needs.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Our company mainly uses Prophix for financial reporting, budgeting, and forecasting. However, we do use Prophix for other smaller projects. The accounting and finance teams are the majority of our users. Few members of the operations team use the software to review financial information on a monthly basis.

Prophix was originally purchased to solve a budget need for one of our divisions. It was then implemented across the company for all budgeting needs. Since then, we have discovered that there are multiple other uses for the software, and we have expanded over the years.

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.