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One click to Reporting
Updated August 18, 2017

One click to Reporting

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

Great support from Prophix staff. They know of any issues and resolve them within 24 hours.
Prophix is being used for budgeting, forecasting, and financial reporting purposes. We have about 100 users mostly of program staff to view their actual revenue and expenses compared to the budget/forecast and explain the variance. We had a lack of control in this area and that is why we implemented Prophix as a performance and resource management tool.
  • Revenue & Expense Budgeting
  • Personnel Planning
  • Financial & Management Reporting
  • Ad-hoc Analysis
  • Fixed Asset Management
  • Row limitations on ad-hoc reporting when we want to use matrixes
  • Not showing real data when building templates (at design mode).
  • Net Asset Ratio to total Revenue
  • Budget Spend Trend
  • Salaries to Benefits Ratio
It is good in general in that it has a process to bring data from our accounting system (GP) on to staging table. We have nightly automatic run set up to refresh the data on Staging table and we can also run the process manually when it is needed.
This is important because the trend these days is to go toward cloud commuting and eventually business will move into it and hence such deployment is a fit to future trends.
It was a senior management decision.
It is a very good tool for medium sized companies.

Prophix Feature Ratings

8.8
Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
8
Management reporting
9
9.4
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
Not Rated
Intercompany Eliminations
9
Minority Ownership
Not Rated
Local and consolidated reporting
9
Detailed Audit Trails
9
9.3
Financial Statement Reporting
9
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
8
8.0
Personalized dashboards
7
Color-coded scorecards
7
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
9
Benchmarking with external data
9
9.3
Flat file integration
9
Excel data integration
10
Direct links to 3rd-party data sources
9
BI Standard Reporting ()
Not Rated
Ad-hoc Reporting ()
Not Rated
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
Access Control and Security ()
Not Rated
Mobile Capabilities ()
Not Rated

Using Prophix

95 - Accounting Managers, Executive team, Program Managers.
SQL server, Data Analytics.
  • The need for accurate reporting
  • Tool that fits to the agency in Budgeting process
  • The need for Personnel management and planning
  • Dashboard reporting
  • Data reporting in Graphs and charts
  • Purchasing management
  • Budget control before the fact (eg. email notifications).
Unless we have budget constraint, we are pretty much happy with the product.

Evaluating Prophix and Competitors

Yes - FRX Reporting
  • Product Features
  • Product Usability
  • Analyst Reports
  • Third-party Reviews
Greater flexibility in terms of using it in budget process and other functional reportings.
Nothing will be changed.

Prophix Implementation

It was smooth process and was very interactive.
  • Professional services company
Mc Gladery LLP
Change management was a major issue with the implementation - Overall agency restructuring was needed prior to implementation.
  • System Integration with our accounting system, project cost system, and HR system.
  • Level of details in creating Dimensions.

Prophix Support

ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
Implementation was so much easier and support team quickly able to know the structure of our agency and recommend the best suite in terms of creating dimensions.

Using Prophix

Suites to our current reporting needs.
ProsCons
Like to use
Easy to use
Well integrated
Quick to learn
Feel confident using
None
  • Budgeting
  • Building Template
  • Ad hoc analysis
  • Setting up workflow task