Prophix is a Great Tool!
November 18, 2015

Prophix is a Great Tool!

Richard (Rick) Treatch, Ed.D., CPA, CGMA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • Consolidations
  • G/L Reporter

Overall Satisfaction with Prophix

We use Prophix to manage our annual budget process for 100 branches and departments nationwide and in Canada, for our monthly forecasts, and our monthly financial reporting. We roll budget and financial information from branches and departments to regions and cost centers, and operating groups, to a consolidated company. Prophix provides quick, easy access to reports and information for our branch managers, department managers, and executive team.
  • Prophix allows us to control, monitor, and execute the budget process through the Workflow Manager.
  • Prophix provides one application where our financial information can be accessed and analyzed by all of our locations.
  • Prophix's report design and customization provides a quick and easy solution for data presentation that is highly relevant and useable.
  • Enhance Template Studio for more Excel like functionality.
  • Prophix has allowed us to streamline our budgeting process.
Currency translation and consolidations are a particular strength of Prophix.

Prophix Feature Ratings

Long-term financial planning
Not Rated
Financial budgeting
9
Forecasting
9
Scenario modeling
Not Rated
Management reporting
9
Financial data consolidation
10
Journal entries and reports
9
Multi-currency management
10
Intercompany Eliminations
9
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
9
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
Not Rated
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
10
Direct links to 3rd-party data sources
Not Rated