Prophix Platform ... less taxing
April 01, 2021

Prophix Platform ... less taxing

Raymond Weigand | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

Prophix is available across the whole organization and is currently set up for real time reporting of actual results vs budget ... the Prophix platform is web based and is accessed via the internet ... financial results are now more available and more timely for the decision makers and their direct reports.
  • 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.
  • Creates a better return on resources ... not measured in economics ... in the increased capacity in the human resources.
  • Creates a more timely and professional environment ... not measured in economics ... in the increased team work
  • Creates abilities to showcase modern financial reporting techniques ... not measured in economics ... provides motivation for online learning
Excel is the preferred, however, not everyone has a historical background in the Excel abilities ... for the non financial manager ... a very simple way to access information in the current. Instead of Excel templates (decentralized info sharing) the more stable and scheduled Prophix templates creates better communications in the scheduling and the tracking and tracing of timeliness. A well documented process that is centralized and easily observable by the decision makers.

Do you think Prophix delivers good value for the price?

Yes

Are you happy with Prophix's feature set?

Yes

Did Prophix live up to sales and marketing promises?

Yes

Did implementation of Prophix go as expected?

Yes

Would you buy Prophix again?

Yes

Prophix is well suited for accessibility and real time information sharing ... the report users receive the most benefit ... the key for the admin and the super users is to see something more familiar in the report creating process ... would be wonderful if the Cloud 365 capabilities are more similar where the reports could be generated in another program (Cloud 365) and Prophix provide the portal to translate the shared platform into the Admin Prophix account. Data visualization in the Daily Dashboard could also be an area for improvement if the Cloud partners have better capabilities for visual reporting ... these same capabilities should already be available.

Prophix Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
Not Rated
Management reporting
10
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
Not Rated
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
7
Automated board and financial reporting
10
Personalized dashboards
9
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
7
Direct links to 3rd-party data sources
5
Drill-down analysis
9
Formatting capabilities
7
Report sharing and collaboration
10
Publish to PDF
5
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Predictive Analytics
Not Rated
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Responsive Design for Web Access
9