Prophix is a tool the puts the power for change and enhancement in the users hands.
August 11, 2017

Prophix is a tool the puts the power for change and enhancement in the users hands.

Michelle Erickson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Prophix

The response time is usually fairly quick and they are willing to work with your on problem solving as well as when you want to think out side the box for new ideas on using prophix for additional analytics and structure reporting or calculations.
We are currently using it for budgeting, sales forecasting, sales reporting and analysis, freight tracking, and budgeting. It helps us to create all of our financial reporting pieces quickly and efficiently. We also budget down to the level of employee benefits. In addition we can provide our sales team with real time sales data analytics. We are looking forward to using it in additional dashboard KPI's and production efficiency and mix analysis.
  • Financial reporting and consolidating information from various sources to one reporting piece
  • Easy on boarding and enhancements for new uses. Including training new employees on the system and allowing them to create their own reports.
  • Analytics on profitability.
  • Graphing capabilities and visiual affects
  • Additional tool development and training to help us think beyond what we are doing now.
  • Base dashboards set-ups.
  • schedule creating for budgeting.
  • It has allowed us to automate and provide more timely reporting. In addition to moving out of Excel based reporting we can create the reports easily and distribute them more timely to decision makers.
  • The ability to use both web based on smart client for users.
  • The ease of creating information without having to involve IT in every process. The user can develop processes, reporting, data, etc. on their own.
We have automated our sales and customers every night. We are currently moving forward to have our financials uploaded every night also; as well as the ability to upload them randomly ourselves. These ease of uploading a personnel file for budgeting with different criteria and analysis is great; prior to current version this was all entered manually.
It is important, and we have chosen to be on the cloud.
Much easier on boarding and ability to be flexible.
Having all the information in once place and easily able to change your views to see the data in a different structure. Ability to add unique calculations and scenarios to your budgeting process. Allocations and finding errors when processed dropped.

Prophix Feature Ratings

Long-term financial planning
9
Financial budgeting
10
Forecasting
10
Scenario modeling
7
Management reporting
8
Financial data consolidation
7
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
Not Rated
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
4
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
5
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