Prophix

Prophix

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Top Rated
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About TrustRadius Scoring
Score 8.7 out of 100
Top Rated
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Prophix

Overview

Recent Reviews

Flexible Reporting Tool

9 out of 10
March 04, 2022
Prophix is being used across the entire organization, from Corporate to R&D. It streamlines the budgeting, forecasting and reporting …
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Easy to Administer

10 out of 10
February 28, 2022
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 out of 10
January 31, 2022
Used for internal reporting, budgeting and is used across the whole organization. It addresses reporting.
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Another Review

9 out of 10
January 28, 2022
Within Prophix, we house all of our data within it. This includes Budget and Actuals. We pull reporting templates and analyze most of our …
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Love Prophix

10 out of 10
January 25, 2022
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 New User

10 out of 10
January 04, 2022
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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Prophix

8 out of 10
September 21, 2021
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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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Popular Features

View all 37 features
  • Financial budgeting (143)
    9.2
    92%
  • Management Reporting (138)
    9.1
    91%
  • Management reporting (143)
    9.0
    90%
  • Forecasting (137)
    8.9
    89%

Reviewer Pros & Cons

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Video Reviews

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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?

31 people want pricing too

Alternatives Pricing

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What is SAP Analytics Cloud?

The SAP Analytics Cloud solution brings together analytics and planning with integration to SAP applications and access to heterogenous data sources. As the analytics and planning solution within SAP Business Technology Platform, SAP Analytics Cloud supports trusted insights and integrated planning…

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Product Demos

Corporate Performance Management by Prophix
01:46
Reporting & Analysis
02:00
Operational Planning
01:43
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Features Scorecard

Ad-hoc Reporting

8.5
85%

Report Output and Scheduling

8.5
85%

Data Discovery and Visualization

7.6
76%

Access Control and Security

9.2
92%

Mobile Capabilities

8.6
86%

Budgeting, Planning, and Forecasting

8.7
87%

Consolidation and Close

7.7
77%

Financial Reporting and Compliance

7.9
79%

Analytics and Reporting

7.6
76%

Integration

8.2
82%
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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 and Reporting 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

Screenshot of 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.Screenshot of 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-flyScreenshot of Ad 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.Screenshot of 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.
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

Frequently Asked Questions

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.

Workday Adaptive Planning, Vena, and Wolters Kluwer CCH® Tagetik are common alternatives for Prophix.

Reviewers rate Multi-User Support (named login) and Role-Based Security Model and Financial budgeting highest, with a score of 9.2.

The most common users of Prophix are from Mid-sized Companies (51-1,000 employees) and the Hospital & Health Care industry.
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Comparisons

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Reviews

(1-25 of 166)
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Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Intuitive for end users
  • Great budgeting and financial forecasting ability
  • Insightful reporting capabilities
  • Organized version control
  • 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
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • The user interface is easy to work with.
  • Budget streamlining.
  • Flexibility.
  • Large reports with multiple data views can be slow to open.
  • Requires dedicated training and use of consultants for initial implementation.
  • MDX can be challenging.
February 28, 2022

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
Chaya Astekar, CMA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • DPM Planning helps us plan at an object-level which makes the numbers more accurate.
  • Dashboards help the Leadership team get a snapshot of the Financial Performance and are well appreciated.
  • We have started using it as Retirement Planning Model as well which helps us plan our Hiring Strategy
  • When posting values from DPM into Finance Cube it would be nice to see have the flexibility to post to only a few accounts and not all without having to change the target accounts in the Calculations tab.
  • The Publishing and Posting Process could be made more faster.
  • The Design Studio for Reports can have more Excel like features.
  • There should be an easier way to export Line Item Details.
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Detailed Planning for employees
  • Customer Service
  • Ease of updating member properties as reporting needs arise
  • Product education is available in multiple environments
  • Although Prophix has drill-down capabilities to both budget and actuals, the budget drill-down does not work when using an alternate hierarchy for reporting.
  • Line Item Schedules have some functionality constraints that sometimes cause end-users to take extra steps during the budget process.
  • Detailed Planning schedules are not available to end-users within Prophix after they submit their budgets. End Users have to download to Excel before submitting, or a Global Administrator must do that for them after submission.
January 04, 2022

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
  • 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 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
  • 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.
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.
April 09, 2021

Prophix Review

Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Forecasting for any time frame
  • Weekly, Quarterly and Annual Reports
  • Multiple dimension and version capabilities.
  • Dashboards - More chart options
  • Calculation flexibility from version to version.
  • Processing speed
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 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
April 02, 2021

Prophix

Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Financial Reporting
  • Planning
  • Ad Hoc Analysis
  • Time and Resources necessary to train end users
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
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