Prophix

Prophix Reviews

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Ratings and Reviews
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September 13, 2021

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Tom Samuelson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We use the automated report distribution. Each month end we have it set up to send out all financial reports to the appropriate person or persons.

We also use template pre-population for our budgeting/forecasting process to give our users a starting point for their budgets/forecasts.
March 29, 2021

Prophix 12 Review

William Van Hulzen | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Our organization uses workflow in the annual planning process. We are also starting to use dashboards that are tailored to the user for pertinent information. We are not currently using automated report distribution but will be in the near future, it is easy to set up report binders that are emailed to recipients manually or automatically.
Emily Anauo | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We have benefited from uses all of these features. Workflow helps us to keep our budget tasks on schedule, report binders helps with distribution of month end reports, we uses a series of infloflexes for our multi tiered allocations - saving our team over a day each month.
Score 8 out of 10
Vetted Review
Verified User
Review Source
One thing I am very familiar with is the workflow. It is a process we use to kick off our budgets to the departments. It is very easy to set up and so helpful. It is nice to be able to assign specific tasks to certain people and kick it off with an automated email. They can then log into Prophix, pull up this task on their homepage and get started. As an Admin I get to see whenever budgets have been submitted by the budget owner and then approved by their manager. It is a great process that is very helpful to our organization.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We use workflows for our monthly variance reporting, which provides users deadlines and a means to explain variances without having to meet with upper management. Automated report distribution saves time and ensures reports are never late and always goes to the correct recipient.
December 31, 2019

Prophix is excellent!

Score 10 out of 10
Vetted Review
Verified User
Review Source
We use workflow for expense and compensation budgeting. For budgeting, we pre-fill prior year and current year actuals. Once we have all the budgets inputted, we run an allocation in Prophix to allocated to the correct Business Units. It has greatly automated the process and saved everyone a bunch of time.
Kevin Warnick | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Automated report distribution has been very helpful for weekly reporting, or for compiling financials for board meetings. Once the templates are created and assembled into virtual binders, the process runs automatically as scheduled. I currently use the workflow feature for end of period closes, and will be implementing it for our upcoming budget cycle.
Joel DeGroat | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Our company has several business lines with similar position so it is fantastic not only to segregate out results from a business line prospective but also from a positional prespective, A prime example would be our Business Development Consultant costs and revenues in one division compared to the same in another has really enabled us to develop better and more effective work practices.
Score 9 out of 10
Vetted Review
Verified User
Review Source
My favorite thing about Prophix is the workflow. I feel like we are so much more efficient as a team and when we are all working together trying to finish up the month end process. We don't use the automated report distribution, template pre-population or multi-tiered allocations because we send out everything in excel. In excel we add comments and graphs to the files before we send them out.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Of the list above, our company utilizes only the workflow functionality. Workflow is used to distribute tasks to users during the annual budget preparation and on a monthly basis to document variances. We use Prophix mainly for budget creation and tracking purposes rather than reporting. The workflow functionality is helpful in distributing templates and tracking the progress of budget users.
July 09, 2019

Prophix Review

Score 10 out of 10
Vetted Review
Verified User
Review Source
Yes we use workflow to load the data we need into prophix. We use template studio to create all the necessary reports we need for our functions and then setup processes to automatically distribute the reports to our team which saves us a large amount of time.

Prophix Scorecard Summary

Feature Scorecard Summary

Ad-hoc Reporting (3)
86%
8.6
Drill-down analysis (43)
90%
9.0
Formatting capabilities (42)
78%
7.8
Report sharing and collaboration (40)
88%
8.8
Report Output and Scheduling (3)
83%
8.3
Publish to PDF (37)
87%
8.7
Report Versioning (28)
80%
8.0
Report Delivery Scheduling (33)
82%
8.2
Data Discovery and Visualization (1)
74%
7.4
Predictive Analytics (15)
74%
7.4
Access Control and Security (3)
92%
9.2
Multi-User Support (named login) (38)
92%
9.2
Role-Based Security Model (39)
92%
9.2
Multiple Access Permission Levels (Create, Read, Delete) (41)
92%
9.2
Mobile Capabilities (1)
87%
8.7
Responsive Design for Web Access (20)
87%
8.7
Budgeting, Planning, and Forecasting (5)
86%
8.6
Long-term financial planning (118)
83%
8.3
Financial budgeting (138)
92%
9.2
Forecasting (132)
87%
8.7
Scenario modeling (113)
82%
8.2
Management reporting (138)
89%
8.9
Consolidation and Close (7)
76%
7.6
Financial data consolidation (96)
89%
8.9
Journal entries and reports (58)
78%
7.8
Multi-currency management (43)
71%
7.1
Intercompany Eliminations (51)
77%
7.7
Minority Ownership (21)
58%
5.8
Local and consolidated reporting (79)
87%
8.7
Detailed Audit Trails (63)
74%
7.4
Financial Reporting and Compliance (5)
79%
7.9
Financial Statement Reporting (123)
88%
8.8
Management Reporting (133)
88%
8.8
Excel-based Reporting (119)
85%
8.5
Automated board and financial reporting (101)
87%
8.7
XBRL support for regulatory filing (2)
45%
4.5
Analytics (6)
77%
7.7
Personalized dashboards (107)
83%
8.3
Color-coded scorecards (79)
73%
7.3
KPIs (84)
75%
7.5
Cost and profitability analysis (88)
81%
8.1
Key Performance Indicator setting (71)
76%
7.6
Benchmarking with external data (48)
71%
7.1
Integration (3)
81%
8.1
Flat file integration (105)
81%
8.1
Excel data integration (116)
83%
8.3
Direct links to 3rd-party data sources (97)
78%
7.8

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 Multi-User Support (named login) and Role-Based Security Model and Multiple Access Permission Levels (Create, Read, Delete) highest, with a score of 9.2.

Who uses Prophix?

The most common users of Prophix are from Mid-size Companies and the Hospital & Health Care industry.