Prophix

Prophix Reviews

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Ratings and Reviews
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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
  • 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.
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • 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
Emily Anauo | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Multi-tiered Allocations
  • Variance Analysis
  • Budget Streamline
  • Dashboarding
  • Non financial data analytics
  • Flexibility
  • Security & Workflow
  • Dashboarding: ability to be able to filter within the dashboard and have all dashboards change at the same time.
  • Reports can be slow to open.
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • The Web Client is great for a distributed user base.
  • The user interface is relatively intuitive and easy to work in.
  • Once implemented, the system is easy to administer so IT assistance is minimal. Potentially not needed at all in Web version (depending on config/design/business needs).
  • Processes sometimes slow down the server (on prem).
  • Creating, updating and formatting templates can be tedious.
  • Excel based interface is good but can be quirky when using formulas.
September 21, 2021

Prophix

Score 8 out of 10
Vetted Review
Verified User
Review Source
  • 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.
September 17, 2021

Easy to Administer

Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Ease of use
  • Takes KPI Dashboarding to a new level
  • Simple to administer
  • Interface adjustments & configuration
  • Dashboards need more configuration for Charting
September 10, 2021

Prophix New User

Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Less time formatting reports equals more time analyzing.
  • Unique dashboards for groups of users.
  • Personnel planning allows for various scenarios.
  • More color options for charts.
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • ONU has benefitted by moving away from a centralized, Excel-based budget process by implementing Prophix to a decentralized process that engages budget managers in the development of the University's budget.
  • Prophix offers tremendous flexibility in reporting that is not available through our ERP system.
  • Prophix is very adaptable to many different types of industries. Its flexibility and adaptability is one of its biggest strengths.
  • The ability to set up workflows for a variety of tasks within Prophix is very beneficial for tracking purposes.
  • Prophix is very Excel-like in its functionality. It would be nice to see Prophix adopt some additional Excel functionality in its product
  • While the workflow process is helpful within Prophix, I would like to see some additional functionality added
Ben Swinney | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Automating processes.
  • Flexibility of design. You can easily make changes.
  • Efficiency. It save lots of time.
  • Designing reports could be more streamlined
  • It could run faster
  • Capacity to scale can be an issue
Marcia Jo Frazier | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • Automates repetitive tasks
  • Allows us to analyze hundreds of thousands of lines of data within seconds
  • Streamlining budgeting processes that cut down on the human error aspect
  • More flexibility needed in dashboard chart design
  • More flexibility in how accounts roll-up (children added together = parent total; sometimes I need to average the children to get the parent, but that is not a current feature)
  • I wish ad hoc analysis was available for standard users
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Prophix helps tremendously with the budgeting process. It allows scalability when we add new programs. The flexibility of Prophix allows for an accurate and efficient budgeting process.
  • Prophix does an excellent job at building data integrations, which helps feed the most recent data into Prophix with no manual processes.
  • Prophix's customer support team is amazing and is always willing to help you build more functionality into the product as time goes on and additional needs are identified.
  • I can't identify any areas where Prophix has room for improvement. The product works great!
Michael Senchuk | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Budgeting and forecasting; it's built with a workflow and input capabilities to make these 10X more efficient than through collecting spreadsheets.
  • Reporting financial results; it's vastly improved our reporting capabilities, both in terms of looks and ease of use for the end-user, and the capability to distribute them on a much quicker basis.
  • Their dashboard capabilities are very impressive; we use this on a regular basis as well, and I'm regularly tweaking the dashboard for different parts of the organization.
  • Some Excel feature aren't available in their templates, or are a slightly different format.
  • I'd love to see template reporting be able to focus in on specific cross-combinations.
  • The dashboard graphs aren't as flexible as excel graphs.
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Prophix platform creates a more open and collaborative budget process
  • Real time reports identify customer service issues quicker
  • Real time reports are custom to the decision maker and his direct reports
  • The web based platform is readily accessible
  • Would like to see more Cloud 365 abilities
  • Prophix online learning should be more available to all the users with subscription
  • Prophix could have more interactive choices within the reporting platform ... a distributed dynamic "read only" type report for Decision Makers with multiple responsibilities ... a PDF type report with drop down choices that auto upload the read only report.
April 01, 2021

Prophix review

Wendell Schmidt | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Reporting output is excellent - what you see on the screen will print the way you see it or if you send it to excel, it will look in Excel like you view on the screen. This saves time from having to manipulate reports.
  • It is easy to navigate and find what you are looking for. The learning curve was less than I have experienced with other software and the training was great so that I understand how the software works. This is helpful when trying to configure the software to your needs.
  • Their process manager works well for moving and copying data from one cube to another. We changed our department numbers in our ERP and so I had to create the new departments in Prophix and move the data to these departments and delete the old one. It was a bit of a process to setup but running the process went well and accomplished the task.
  • Prophix doesn't do well when it comes to balance sheet and cash flow budgeting. Their support staff doesn't seem to know much about them either, so you have I have had to try to figure a lot of it out myself.
  • Drilling in to find details of a number you have in a report is difficult and time consuming. When you analyze it pulls up all the data in your report and then you have to find the number you want more detail on to explore more there. Rather than just pulling in data that pertains to the number you want to explore. However, they do have drill across and for some reason this didn't get setup in our install. This is supposed to help but I have not used it yet.
  • Copying a budget is cumbersome and time consuming. In my previous software all I had to do was click copy, select a few options, and it would copy ALL the parts of my budget and create a new one. Prophix has so many pieces I have to update or copy each piece, so it is quite a process create a copy of a budget. I like to create a copy of a budget, make a few tweaks and I have a new budget fairly quickly.
March 29, 2021

Prophix 12 Review

William Van Hulzen | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Financial reporting and consolidations - flexible!
  • Planning and Forecasting - detail planning for headcount, capex, fixed assets, etc. and department mgrs. can input data.
  • Ad Hoc Analysis - ability to slice and dice data and drill down to transaction level.
  • Prophix needs to have a better interface with Excel for downloading, uploading, and analysis of data. Moving to the cloud (SaaS) and using web client solves this problem.
  • Report writing with smart client has a long learning curve, web client may be better but we are just getting started with web client.
  • Due to its flexibility Prophix requires dedicated training and use of consultants for implementation.
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • 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.
Gavin Scott-Miller | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • Ease of use and understanding.
  • Submittals process for review.
  • Flexibility for organizations.
  • Older versions had issues with syncing and slow down during loading times.
  • UI is fairly basic.
  • Sometimes items UI items can be left up to interpretation, which can muddy data we get back.
Joe Scheidecker | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Budget process streamlining.
  • Customer Support - top notch and responsive.
  • Once you get the hang of template creation and understand how Prophix cubes are structured, creating reports is a breeze.
  • Having their employees understand financial consolidations and how to accomplish it either within Prophix or our ERP, and ensuring everything ties out.
  • We've had some struggles with Implementation Consultants giving us bad guidance and costing us time and money. Stuff that was easily preventable and should have been caught ahead of time rather than after.
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Personnel planning allows you to plan employees and burden rates in a detailed way
  • Reporting--flexibility and customization of data within reports
  • Security and permissions for users is customizable to the department and account level
  • Budgeting/forecasting--taking this process out of Excel saves time and money
  • Investment in training during implementation
  • Improvements to the software have been focused on things we don't use
Rebecca Evans | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • The number one reason that I love Prophix is the customer support. Each person that I have come in contact with has been pleasant and most helpful. They will not quit until the customer is completely satisfied.
  • Cost analysis - the flexible design makes it easy to perform all sorts of analyses quickly.
  • Managing personnel costs due to employee turnover.
  • Calculate payroll taxes - Prophix database is a lot easier to manage than an Excel spreadsheet.
  • Reporting options are limitless with Template Studio. Prophix frees us from standardized reports that may not be appropriate for our business. We are able to tailor reports to our specific needs.
  • We love to be very accurate with our payroll costs and the personnel module that we built will not allow us to terminate employees mid-month.
Dean Spencer | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Combining data into meaningful reports
  • Scheduling of reports to auto-generate and send PDF's to the users.
  • Consolidate financials
  • Budgeting and Forecasting
  • It can be a little difficult to learn and slightly confusing when creating reports.
  • New product releases can sometimes use additional testing before being released.

Prophix Scorecard Summary

Feature Scorecard Summary

Ad-hoc Reporting (3)
77%
7.7
Drill-down analysis (40)
81%
8.1
Formatting capabilities (39)
72%
7.2
Report sharing and collaboration (37)
79%
7.9
Report Output and Scheduling (3)
80%
8.0
Publish to PDF (34)
82%
8.2
Report Versioning (26)
77%
7.7
Report Delivery Scheduling (30)
82%
8.2
Data Discovery and Visualization (1)
73%
7.3
Predictive Analytics (13)
73%
7.3
Access Control and Security (3)
85%
8.5
Multi-User Support (named login) (35)
85%
8.5
Role-Based Security Model (36)
85%
8.5
Multiple Access Permission Levels (Create, Read, Delete) (38)
86%
8.6
Mobile Capabilities (1)
86%
8.6
Responsive Design for Web Access (17)
86%
8.6
Budgeting, Planning, and Forecasting (5)
79%
7.9
Long-term financial planning (116)
80%
8.0
Financial budgeting (135)
91%
9.1
Forecasting (129)
83%
8.3
Scenario modeling (111)
59%
5.9
Management reporting (135)
80%
8.0
Consolidation and Close (7)
75%
7.5
Financial data consolidation (93)
84%
8.4
Journal entries and reports (56)
76%
7.6
Multi-currency management (40)
70%
7.0
Intercompany Eliminations (49)
73%
7.3
Minority Ownership (19)
68%
6.8
Local and consolidated reporting (76)
83%
8.3
Detailed Audit Trails (60)
73%
7.3
Financial Reporting and Compliance (5)
75%
7.5
Financial Statement Reporting (120)
81%
8.1
Management Reporting (130)
84%
8.4
Excel-based Reporting (117)
83%
8.3
Automated board and financial reporting (99)
83%
8.3
XBRL support for regulatory filing (2)
45%
4.5
Analytics (6)
77%
7.7
Personalized dashboards (104)
89%
8.9
Color-coded scorecards (76)
65%
6.5
KPIs (81)
79%
7.9
Cost and profitability analysis (86)
75%
7.5
Key Performance Indicator setting (68)
77%
7.7
Benchmarking with external data (46)
77%
7.7
Integration (3)
76%
7.6
Flat file integration (103)
80%
8.0
Excel data integration (114)
80%
8.0
Direct links to 3rd-party data sources (95)
69%
6.9

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 Financial budgeting highest, with a score of 9.1.

Who uses Prophix?

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