Prophix review
April 01, 2021

Prophix review

Wendell Schmidt | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

We use Prophix for our financial reporting and to construct our company budgets.
  • 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.
  • We have not experienced any ROI yet, we are still in the initial setup configuring stage.
We use Prophix solely for our budgeting. We do still use Excel when it is easier or less time consuming to configure a solution in Excel rather than try to build it in Prophix.
We have not been using Excel for budgeting but just for a supporting tool.

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 has been easier to use and easier to understand how it functions and operates.
Their initial training in getting Prophix is very helpful in getting a good understanding of the product.
I like dealing directly with the software company I am using. Adaptive we were using a consultant so you are really disconnected to the actual software company, and are not as likely to be heard on things that should be changed with the software.
Prophix has always been good about trying to help make the software work best for you.
Prophix is well suited for reporting, easily getting reports to display as you want them, and easily distributing reports to users.

Prophix Feature Ratings

Long-term financial planning
9
Financial budgeting
8
Forecasting
5
Scenario modeling
5
Management reporting
8
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
Not Rated
Personalized dashboards
8
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
7
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
Not Rated
Drill-down analysis
3
Formatting capabilities
9
Report sharing and collaboration
9
Publish to PDF
9
Report Versioning
Not Rated
Report Delivery Scheduling
8
Predictive Analytics
Not Rated
Multi-User Support (named login)
Not Rated
Role-Based Security Model
Not Rated
Multiple Access Permission Levels (Create, Read, Delete)
Not Rated
Responsive Design for Web Access
Not Rated