Prophix Reviews

yes made it simpler if users are doing it properly and timely

We have replaced emailed flat Excel files with online templates that feed the consolidated reports. Also, our monthly reports were manually exported from our database onto Excel, formatted and delivered via email. Now our reports are delivered via a link to a live report.

We are using Prophix for forecasting/planning. Furthermore it is a better software than Excel when multiple inputs are needed from many people across the organization.

Data is housed efficiently and it is easy to drill down and do analysis.

Interface is easy to navigate. However, if there are users who do not like to learn a new software, Excel templates can be available.

This is where Prophix has helped us the most. Many of our operational partners are comfortable processing a budget in Excel. With Prophix we are able to create a template that looks like an Excel spreadsheet, distribute, and have returned all within the application. We're able to budget at a vendor level for each cost center, then summarize and allocate the costs. Also, with Cloud backup, we have the comfort knowing that our data is safe and able to be restored if anything happens.

It has allowed us to do away with almost all of our Excel based budgeting. As I said before it also gives us one source of truth so you do not have to worry about who has the most current version of an Excel spreadsheet. Prophix does allow you to export files to Excel or PDF for non-Prophix users.

We have migrated from using Excel for budgeting and forecasting, to using Prophix for those activities. This allows more reporting flexibility including the ability for our department managers to review monthly budget vs. actual results and to drill across and analyze their own data down to the transactional level! With adhoc queries, it is also possible to 'slice and dice' results and view them much more easily.

Prophix has been able to transform our budgeting process. We now utilize the system rather than an old static method.

Rather than multiple tabs and spreadsheets, prophix has helped us consolidate our information. We are able to only send relevant information to the directors, which is easily accomplished. Dashboards can be updated for quick access to specific users.

Prophix has made it easier to combine various budget components in a much simpler fashion than in the past. In that sense it has allowed somewhat of a transition away from Excel based budgeting and planning. However a lot of the individual budget components are still developed within Excel before being input into Prophix. I think as an organization there is still some progress to be made to shift more away from Excel for budgeting purposes.

Rather than distributing templates to each person responsible for inputting budgets and forecasts, templates are built once in Prophix and then scheduled for each planning period. This has removed the burden of uploading data from the finance team. There is also an approval process within the system so the finance team expects that VP's have reviewed their respective plans once approvals have been submitted. Making adjustments to plans is much easier and so much more efficient. Once changes have been made, the impact is available to view immediately. The use of Prophix for planning has significantly reduce the time spent on data entry.

We're able to open processes to multiple users (finance owners of each of our multiple product lines) so that they are able to submit budgets and forecasts within Prophix. My team then consolidates all submissions within Prophix and works through high level adjustments/consolidating changes. It's easier than asking for excel templates from all areas and can all be done within Prophix. We can also save prior versions so that we can do detailed level comparisons of prior version vs. current version to be able to explain the changes from one month to the next.

Yes. We performed personnel planning in Prophix in the first 3 months of integration. We will use it for Sales by customer budgeting as well as GL Code-level expense planning this year. All will be done in Prophix with Excel integration, but final reports in Prophix.

Prophix has given us the ability to completely remove Excel from our budgeting processes. We are able to budget based on actuals that are housed within Prophix, use templates for data entry along with using ad hocs for data entry. Reports and templates can now be used for reviewing budgets.

We use Prophix for excel for a number of budgeting functions to pull in data that we then build our templates around. However, for yearly corporate planning for board, we have migrated completely over to prophix. It has allowed us to run processes to build a base plan for next year and then we can go into prophix and modify anything that needs more manual attention.