Prophix review
August 11, 2017

Prophix review

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

Overall Satisfaction with Prophix

The support team has generally been very responsive and helpful when we have questions or problems.
Used by accounting and FP&A teams for budgeting, forecasting and financial reporting. We feed information in from our accounting system and other systems for analysis in various Prophix cubes.
  • Data loading
  • Adhoc reporting
  • offline templates
  • Needs compliance reporting for SOX audits. We had to build this ourselves.
  • Report and offline template performance is slow.
  • Can only run one process at a time. Even on different cubes.
  • It is well liked by reporting users and has allowed us to move away from some other financial reporting tools.
  • The licensing model is difficult. Can't separate the database and application servers without extra charges. Can't have test system without extra charges.
We have integrated Prophix with our accounting system (Dynamics GP) and several other home built MS SQL based systems.
The cloud is important to our stragety. It would be nice if Prophix was offered as a cloud/SAAS service rather than deploying it to servers in the cloud.
Have not looked at competing products recently.
Prophix does a good job with budgeting, forecasting and consolidated reporting.

Prophix Feature Ratings

Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
8
Management reporting
8
Financial data consolidation
8
Journal entries and reports
7
Multi-currency management
8
Intercompany Eliminations
8
Minority Ownership
Not Rated
Local and consolidated reporting
8
Detailed Audit Trails
7
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
7
Automated board and financial reporting
8
Personalized dashboards
7
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
8
Flat file integration
8
Excel data integration
8
Direct links to 3rd-party data sources
8