Prophix

Prophix

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Prophix

Overview

Reviews

Our One Source Of Truth

10
We use Prophix for all of our financial reporting, forecasting, and budgeting across the whole organization. It is used for all of our …

Great software - excellent for multi currency

9
We use Prophix across our business to assist with budgeting and forecasting as well as producing financial reporting. Our company reports …
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Prophix New User

10
Prophix is being used by the finance department. It is used for budgeting, monthly financial statements, analyses and reporting as needed …
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Flexible Reporting Tool

9
Prophix is being used across the entire organization, from Corporate to R&D. It streamlines the budgeting, forecasting and reporting …
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Love Prophix

10
We use Prophix to produce our monthly and yearly financial statements. Our completed ad-hoc reports can include as much or as little data …
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Prophix

8
Prophix is being used in the insurance services division of our organization. It is being used by multiple products but only this …
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Easy to Administer

10
Used as data aggregation & reporting tool. We're utilizing this to export Multi-tab workbooks & provide reporting to executive level …
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Prophix usability

10
Used for internal reporting, budgeting and is used across the whole organization. It addresses reporting.
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Popular Features

View all 37 features

Financial budgeting (141)

9.2
92%

Management reporting (141)

8.9
89%

Management Reporting (136)

8.9
89%

Forecasting (135)

8.7
87%

Reviewer Pros & Cons

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Pricing

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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.

Entry-level set up fee?

  • Setup fee optional

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

Would you like us to let the vendor know that you want pricing?

6 people want pricing too

Alternatives Pricing

What is Microsoft Power BI?

Microsoft Power BI is a visualization and data discovery tool from Microsoft. It allows users to convert data into visuals and graphics, visually explore and analyze data, collaborate on interactive dashboards and reports, and scale across their organization with built-in governance and security.

What is Oracle Cloud EPM?

Oracle’s complete EPM suite is designed to give users the agility needed to respond to change faster. Combined with the simplicity of the cloud, it enables companies of any size to drive accurate and agile plans across finance and operational lines of business, accelerate financial consolidation…

Features Scorecard

Ad-hoc Reporting

8.6
86%

Report Output and Scheduling

8.4
84%

Data Discovery and Visualization

7.4
74%

Access Control and Security

9.2
92%

Mobile Capabilities

8.8
88%

Budgeting, Planning, and Forecasting

8.7
87%

Consolidation and Close

7.7
77%

Financial Reporting and Compliance

7.9
79%

Analytics

7.7
77%

Integration

8.1
81%

Product Details

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-...
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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 Integrations

  • Direct links to 3rd-party data sources
  • Any ERP including Microsoft Dynamics
  • Sage
  • Epicor
  • Maccola

Prophix Competitors

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

Alternatives

View all alternatives

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.

Reviews

(1-22 of 22)
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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
Prophix has allowed us to greatly reduce our Excel dependency for budgeting, planning and re-forecasting. It has also made it much easier to get input from more people during the budgeting, planning and re-forecasting process.

The ease of distributing month end reports or any reports is also a great advantage.

Lastly being able to drill down into an account to see the specific expenses is also a great plus.
January 04, 2022

Prophix New User

Score 10 out of 10
Vetted Review
Verified User
Review Source
Change is good. It's hard to move beyond our comfort zone and explore new territory. Prophix is user friendly, and honestly can be frustrating at times to find files or manipulate data. The more you use it, the more comfortable you become.
September 21, 2021

Prophix

Score 8 out of 10
Vetted Review
Verified User
Review Source
We've had success automating our budgeting & forecasting process. We also use this as our main reporting tool and utilize the many drill across options so that we can dive into AP detail, T&B detail, journal line detail, etc. all in one system without having to run queries.
September 17, 2021

Easy to Administer

Score 10 out of 10
Vetted Review
Verified User
Review Source
Consolidating P&L from three different source Accounting systems.
We had one go down due to corrupted backup and were able to close the month using a manual upload with existing template in a matter of hours

September 13, 2021

Prophix usability

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix has helped us achieve a streamlined efficient budget process which involves the entire company through workflows and direct input templates. Its controlled and clean as well as Prophix has simplified our internal reporting based of the General ledger. The DPM module is quite efficient in budgeting the payroll planning side of the business from ground up. On the other hand, the adhoc functionality is great for slicing and dicing data for quick analysis.
Emily Anauo | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We have had much success with process improvement in our very lean accounting department. We have experienced countless hours of savings during budget season and month end. We have learned that Prophix is a very flexible tool which can do almost anything that you can dream up!
September 29, 2020

How Prophix Has Helped Us

Score 10 out of 10
Vetted Review
Verified User
Review Source
Prophix has allowed us to get all of our Financial information in one location so it is our one source of truth. As a company we have been able to get our Financial reports in Prophix and have been able to get all of our Executive team on Prophix so they have access to those reports anytime they would like to review them.
Jason Schoming | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Our customer profitability process has been a huge success. We are now able to show customer specific income statements that help drive business decisions. It has also helped us develop pricing methodologies for a myriad of products. The most important thing to remember about Prophix is that you're only limited to our own ideas. The more you put into Prophix, the more you get out of it.
October 02, 2020

We love Prophix!

Score 9 out of 10
Vetted Review
Verified User
Review Source
Some major successes have been some non-financial use cases, especially pertaining to COVID-19 and it's impact on our company. Using Prophix and building new things has forced me to really learn where our data lives and what it's telling me.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We have successfully transitioned all of our financial reporting needs to Prophix. A lot of this was previously done in excel. The most important lessons we have learned along the way is not to try and do everything by ourselves. The customer success team is very helpful and great for brain storming with. Things we thought might be too complicated, actually were not.
September 12, 2020

Prophix Review

Score 9 out of 10
Vetted Review
Verified User
Review Source
Prophix has reduced our budget & forecast cycles, along with the manual work that was required to produce monthly and annual financial reports. Our company is continuously learning & evolving within Prophix.
October 02, 2020

Love Prophix

Score 9 out of 10
Vetted Review
Verified User
Review Source
We've been able to move our annual budgeting over to prophix. This has drastically shortened the work involved with our annual budgeting process and has allowed us to scale that as we've grown the business. We also produce all monthly financial an annual reports out of prophix and have automated much of that.