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

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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

(1-25 of 27)
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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 have used line item detail a great deal in our budgeting/forecasting process. It allows us to capture and highlight all of the detail that goes into the plan/forecast for each account. Line item details allows us to convey all of the details that make up an accounts budget or forecast. It also allows us to track any changes that are made to the budget/forecast during the process.
September 17, 2021

Easy to Administer

Score 10 out of 10
Vetted Review
Verified User
Review Source
The Cell comments are tremendously helpful - we use them for monthly reviews of each client + team performance.
Importing data from our other EDW systems to create productivity measures help quantify changes in financial performance
March 29, 2021

Prophix 12 Review

William Van Hulzen | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
It has taken a couple of budget cycles but we are now starting to benefit from Prophix features when completing an annual plan. Managers can now easily access prior year budget, current year actual and forecast data, etc. along with commentary and line item detail (by vendor) when planning for future periods. The workflow process within Prophix allows us to roll-out, prepare, review and approve our budgets and forecasts in a timely manner.
Score 8 out of 10
Vetted Review
Verified User
Review Source
We have benefited tremendously with line item details. It makes it so much easier to review budgets when you know what people budgeted for. We have a lot of departments in our company that put budgets together. I love that I can go into the line item detail and review what people have budgeted by vendor, etc. This makes our financial review processes so much smoother!
Score 9 out of 10
Vetted Review
Verified User
Review Source
Our company is not currently using all of these features but we heavily use line item details. We rely on line item detail to assist in our monthly rolling forecast and annual budget. We carry the details over every year to help user know exactly what they need to add to their budgets and remind them of the types of thing they need to think about.
Narine Chalumyan MBA | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Workflow is the best tool to be used during Budget season. Gives an opportunity every user to concentrate on their own task and department and at the end see results via statements and make changes as necessary.
Line items details gives them an opportunity to work though details and eliminate or add while working on the budgets
Score 9 out of 10
Vetted Review
Verified User
Review Source
Workflow commentary is helpful to communicate what changes were made by users at every step of a process. Cell comments help our users provide useful qualitative information for figures. Line item details prove most useful during budgeting, allowing users to provide a full breakdown of each figure that includes a description and comments.
Kevin Warnick | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
I haven't used the workflow component very extensively yet, so I haven't tried the commentary function for workflow. The line item detail function we use a fair amount. It is very helpful when additional granularity is desired for a single gl line of the budget. Cell commentary functions much like it does in excel, or any other spreadsheet program.
Joel DeGroat | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Our executive team and business leaders and staff have benefited from having data much quicker and being to anticipate issues to resolve. It is amazing to have data load and refresh when we need it especially when comparing actuals to prior month year, budget and forecast
December 31, 2019

Prophix is excellent!

Score 10 out of 10
Vetted Review
Verified User
Review Source
These options have definitely benefited our budget process. We issue cost center managers a workflow that lets them know when they can enter the budget, submit the budget, and then workflow moves it to their manager, all without needing us to manually send out notifications. The cell comments and row notes have also been valuable. Users can add comments about whey their budgets are increasing/decreasing and then their managers can read that, saving time on the analysis.
Score 9 out of 10
Vetted Review
Verified User
Review Source
One of the main reasons we chose Prophix was for the cell comments and line item detail capabilities. This allows users the ability to budget on a detailed basis rather than an account level basis. Cell comments are used by users to document actual to budget variances and serve as a good communication tool to budget admins.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Although we do use the workflow capability to great effect, we have not used the built-in collaboration such as commenting very much, mainly because it is difficult to drive adoption of another non-integrated communication channel. Most users simply prefer email.