Prophix Reviews

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191 Ratings
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Score 8.7 out of 100

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TrustRadius Top Rated for 2020

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Reviews (1-25 of 142)

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Ashleigh Arand | TrustRadius Reviewer
September 29, 2020

Prophix is a great budgeting tool!

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Line item Detail is one of my favorite functions. It is such a simple, easy thing but helps a lot with staying organized.
  • Workflows are super easy to create and make the budget kickoff effortless.
  • Processes - I love being able to create a process that will flip all data from one version to the next. This is so helpful for companies like mine that do multiple forecasts per year.
  • Detailed Planning Manager could be a little more precise for our purposes. I wish it could easily calculate taxes based off of employee locations.
  • Detailed Planning Manger - wish I could set people up with different merit increases easily.
  • I wish Prophix and Workday spoke well to each other. We have Workday for accounting and it is a chore to get data from Prophix into Workday.
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Narine Chalumyan MBA | TrustRadius Reviewer
October 02, 2020

Prophix User for Budget Purposes

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Line item details per department and region.
  • Sales detailed planning per SKU and item and calculations for Gross Sales and Cost.
  • Detail planning per department and headcount and benefits.
  • Expenses per department in very granular details
  • GL updates from ERP systems (we need to add the new accounts manually).
  • New customers if added in ERP system we need to add those in Prophix sales cube manually
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Tom Samuelson | TrustRadius Reviewer
September 29, 2020

How Prophix Has Helped Us

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • It is our one source of truth.
  • It allows users to monitor their expenses as the month progresses.
  • It allows the management team to monitor sales plan progress throughout the month.
  • Our experience with Prophix has been very good. Any problem that we have encountered they have helped us correct it.
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Jason Schoming | TrustRadius Reviewer
September 22, 2020

Prophix: An intuitive budgeting and forecasting tool for finance

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • High degree of customization
  • Intuitive data view building
  • Options for cost allocation
  • Customer service
  • Report formatting is clunky and not as dynamic as it could be.
  • Can be a bit buggy with process errors that do not answers.
  • Fairly steep learning curve.
  • Lack of centralized training resources.
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Tom Samuelson | TrustRadius Reviewer
September 16, 2020

Our One Source Of Truth

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • It allows us to compile ad hoc reporting easily for execs/management.
  • Monthly reports can be set up to distribute automatically.
  • Allows us to get more people involved in the planning/re-forecasting process
  • Setting up a report in Prophix to match something that you were doing in Excel can be a challenge sometimes. The CSP team helps us with those things though.
  • Setting up data connections between Sage and Prophix can be a challenge for those of us that are not IT gurus. Prophix team has to help us out with those connections.
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Albert Kurtz | TrustRadius Reviewer
September 08, 2020

Powerful and flexible reporting tool

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Flexible--reports on almost anything in any format
  • Powerful--analyzes huge volumes of data, deals with lots of complexity
  • Great customer support and community/forum of users
  • Big investment in time and training
  • Length of time to fully understand, implement, and realize benefits
  • Software-specific jargon
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Rob Perry | TrustRadius Reviewer
September 07, 2020

Great system!

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Planning
  • Reporting
  • Forecasting
  • Month end review
  • Better training for new users
  • Fix web version bugs
  • Unlock more formatting options
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Anonymous | TrustRadius Reviewer
September 10, 2020

Prophix Fan

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • We have a nightly process that runs automatically to import our data from GP; we can also do this manually as needed.
  • One source! Everyone gets to see the same data without changing Excel formulas!
  • Workflow tasks help organized duties and track where things are in the process.
  • Creating reports in Prophix is easy; formatting is almost the same as it is in Excel.
  • All reports can be exported to Excel or PDF.
  • The only negative I can think of is the Administrative functions are for a single user. Although this is a great control, it is sometimes painful when only one person can add an account or change named sets.
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Anonymous | TrustRadius Reviewer
October 02, 2020

We love Prophix!

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Drill down.
  • Ease of use.
  • Dynamic.
  • Ability for users to integrate with their ERP.
  • More screen real estate in design, data entry and report mode.
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Anonymous | TrustRadius Reviewer
October 01, 2020

Prophix New User

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Organizes data quickly
  • Accurately displays data
  • Makes data manageable
  • Not all areas of our GL can be imported
  • Naming of the data sets is hard to grasp
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Anonymous | TrustRadius Reviewer
September 29, 2020

Intuitive Software for an Inexperienced User

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Intuitive for end users
  • Great budgeting and financial forecasting ability
  • Insightful reporting capabilities
  • Issues/challenges with the migration to the Cloud
  • Less intuitive trying to learn more complicated features such as Detail Planning Manager
  • I would like more ability to be able to test features without having to risk compromising any data
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Anonymous | TrustRadius Reviewer
September 29, 2020

Modernized Budgeting, Planning, and Reporting

Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Allocation of costs between departments and across divisions is made easy. Once the initial setup has been completed, the logic is applied across the company for budgeting and planning.
  • Personnel planning is very straightforward and easy to maintain. All calculations are set up and applied as new personnel are added. It is easy to update rates, without having to update for each staff member individually.
  • The system is very flexible for report creation. Basic parameters are required. Actual financial data is provided via a data view, rather than pulling data into the solution and storing it. This is great as it is not taking up additional storage for data that exists elsewhere.
  • When clients are signed on and implementation begins, clients should be given access to Prophix Academy and told they should complete the pre-implementation training prior to starting implementation. This would provide the client with some basic structure of the system allowing them to ask educated questions throughout the implementation process.
  • Given that we have only been using the system for approximately 7 months, I do not have any other suggestions for improvement at this time.
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Anonymous | TrustRadius Reviewer
September 29, 2020

Prophix

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Allocation logic
  • Template studio
  • Drill accross
  • Work Flow - allowing multiple users to submit forecast/budget information and roll-up to total
  • Better integrated with Microsoft (excel)
  • We had a difficult transition to the Cloud version and were less than thrilled with our customer support throughout the process. The entire process took over a year.
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Anonymous | TrustRadius Reviewer
September 24, 2020

Solid, time-saving software

Score 8 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Instant updates of all reports
  • Aggregation of data from multiple ERP systems
  • Personnel planning
  • Provide a list of the heavily used, but not so basic MDX formulas
  • More robust charts/graphs would be helpful
  • Complete integration of Excel functionality
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Anonymous | TrustRadius Reviewer
September 11, 2020

Prophix Review

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Prophix has great customer service and quickly replies to inquires.
  • User friendly and easily learn by all different level of users
  • A simple solution that solves multiple problems
  • The ability to lock or make certain dimensions uneditable
  • More fine-tuned user rolls or security
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Anonymous | TrustRadius Reviewer
October 02, 2020

Love Prophix

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Flexibility of data use
  • Process manager allows us to streamline
  • Report building
  • Initial learning curve
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Anonymous | TrustRadius Reviewer
September 09, 2020

Great product, frustrating support

Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • With the Ad Hoc function, the ability to pull up any data, across dimensions without having to build a whole report allows for more efficient, on demand analysis.
  • Being unable to zoom in and out to quickly change the view while working in Template Studio is frustrating.
  • It is too easy to accidentally check/uncheck the "calculation definition varies by rule set" in model manager.
  • It can be difficult and daunting to learn all the rules, limits, and functions of the program.
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Anonymous | TrustRadius Reviewer
September 08, 2020

Report Worthy

Score 10 out of 10
Vetted Review
Verified User
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Pros and Cons

  • Amazing implementation
  • Ease of use
  • Great continued support
  • More data view availability to create without breaking
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Feature Scorecard Summary

Drill-down analysis (17)
8.5
Formatting capabilities (16)
6.9
Report sharing and collaboration (15)
7.8
Publish to PDF (15)
8.1
Report Versioning (12)
7.4
Report Delivery Scheduling (11)
7.9
Predictive Analytics (8)
6.5
Multi-User Support (named login) (13)
8.7
Role-Based Security Model (13)
8.5
Multiple Access Permission Levels (Create, Read, Delete) (15)
8.5
Responsive Design for Web Access (7)
8.4
Long-term financial planning (98)
8.3
Financial budgeting (117)
8.7
Forecasting (111)
8.3
Scenario modeling (96)
8.2
Management reporting (118)
9.4
Financial data consolidation (80)
8.4
Journal entries and reports (49)
7.6
Multi-currency management (36)
6.9
Intercompany Eliminations (42)
7.2
Minority Ownership (15)
6.9
Local and consolidated reporting (66)
8.5
Detailed Audit Trails (52)
7.3
Financial Statement Reporting (102)
9.3
Management Reporting (114)
9.1
Excel-based Reporting (101)
7.8
Automated board and financial reporting (86)
8.2
XBRL support for regulatory filing (2)
4.5
Personalized dashboards (89)
9.0
Color-coded scorecards (68)
7.0
KPIs (69)
7.6
Cost and profitability analysis (76)
8.2
Key Performance Indicator setting (59)
7.5
Benchmarking with external data (38)
7.6
Flat file integration (88)
9.0
Excel data integration (98)
7.9
Direct links to 3rd-party data sources (81)
9.3

About 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

Has featureLong-term financial planning
Has featureFinancial budgeting
Has featureForecasting
Has featureScenario modeling
Has featureManagement reporting

Consolidation and Close Features

Has featureFinancial data consolidation
Has featureJournal entries and reports
Has featureMulti-currency management
Has featureIntercompany Eliminations
Has featureMinority Ownership
Has featureLocal and consolidated reporting
Has featureDetailed Audit Trails

Financial Reporting and Compliance Features

Has featureFinancial Statement Reporting
Has featureManagement Reporting
Has featureExcel-based Reporting
Has featureAutomated board and financial reporting

Analytics Features

Has featurePersonalized dashboards
Has featureColor-coded scorecards
Has featureKPIs
Has featureCost and profitability analysis
Has featureKey Performance Indicator setting
Has featureBenchmarking with external data

Integration Features

Has featureFlat file integration
Has featureExcel data integration
Has featureDirect links to 3rd-party data sources

Ad-hoc Reporting Features

Has featureDrill-down analysis
Has featureFormatting capabilities
Has featureReport sharing and collaboration

Report Output and Scheduling Features

Has featurePublish to PDF
Has featureReport Versioning
Has featureReport Delivery Scheduling

Data Discovery and Visualization Features

Has featurePredictive Analytics
Has featureSupport for Machine Learning models

Access Control and Security Features

Has featureMulti-User Support (named login)
Has featureRole-Based Security Model
Has featureMultiple Access Permission Levels (Create, Read, Delete)
Has featureReport-Level Access Control

Mobile Capabilities Features

Has featureResponsive Design for Web Access
Additional Features
Has featureProfitability Analysis
Has featurePersonnel Planning
Has featureSales & Revenue Planning
Has featureCash Flow Planning
Has featureCross Company Planning
Has featureCapEx Planning
Has featureReporting
Has featureProject Planning
Has featureScenario Planning
Has featureFinancial Consolidation & Close
Has featureAnomaly Detection
Has featureAI (Artificial Intelligence)
Has featureVisual Analytics

Prophix Screenshots

Prophix Videos (4)

Prophix Integrations

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

Prophix Competitors

Prophix Pricing

  • Has featureFree Trial Available?Yes
  • Does not have featureFree or Freemium Version Available?No
  • Has featurePremium Consulting/Integration Services Available?Yes
  • Entry-level set up fee?Optional

Prophix Customer Size Distribution

Consumers
0%
Small Businesses (1-50 employees)
0%
Mid-Size Companies (51-500 employees)
5%
Enterprises (> 500 employees)
95%

Prophix Support Options

 Paid Version
Phone
Live Chat
Email
Forum/Community
FAQ/Knowledgebase
Social Media
Video Tutorials / Webinar

Prophix Technical Details

Deployment Types:On-premise, SaaS
Operating Systems: Windows, Mac
Mobile Application:Mobile Web
Supported Countries:Denmark, United Kingdom, Germany, Brazil