Prophix Review from a new Budget Manager
August 31, 2017

Prophix Review from a new Budget Manager

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

Overall Satisfaction with Prophix

The support function has been good, but it would be nice to have a dedicated consultant we could call on if we needed immediate help. Often times the ticket process they have implemented is too time-consuming for our budget/forecast process here.
We use Prophix across the entire organization to create our yearly operating budget; we use Prophix to update that budget with forecasted expectations of where our actuals will land at the end of the fiscal year.
  • Engage with their customers and take user feedback into consideration
  • Present a more meaningful visualization of budget detail that can't be recreated in Excel
  • Manages workflows in an organization
  • Comments need to be integrated into the reporting
  • Fewer separate windows for line item details
  • A way to compare budgeted vs. actually spend throughout the year
  • We have streamlined our expense budgeting process by giving all department heads a standardized template to work off of.
Our experience with data integration has been great; we import data from our accounting system (Microsoft Great Plains) nightly and generally have not had many issues with this.
Currently we are using just the on-premise deployment, but we are very excited about implementing the cloud features within the next year. It would help our directors a lot if they could access prophix from the internet so they could budget and forecast while out of the office.
Well suited for yearly budget planning and forecasting; not great at showing budgeted vs. spent.

Prophix Feature Ratings

Long-term financial planning
7
Financial budgeting
9
Forecasting
9
Scenario modeling
7
Management reporting
6
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
8
Financial Statement Reporting
7
Management Reporting
6
Excel-based Reporting
9
Automated board and financial reporting
7
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
5
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
8
Excel data integration
8
Direct links to 3rd-party data sources
8