One click to Reporting
Updated August 18, 2017
One click to Reporting
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Prophix
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.
Prophix Feature Ratings
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).
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
- 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
Pros | Cons |
---|---|
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
Pros | Cons |
---|---|
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