Prophix - Mid-Implementation Perspective
August 14, 2017

Prophix - Mid-Implementation Perspective

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

So far the support has been great. Our project consultant, Peter, is very responsive to our requests and questions. Anytime we have an issue, he is quick to get back to us with a solution. We do not have unresolved issues, except for our integration, which they have been working with our IT department on.
We just began implementing Prophix this year. The plan is to use Prophix primarily for budgeting, forecasting, and reporting. It will be used across the organization. One business problem that Prophix addresses is reducing errors in our budgeting process. We currently use spreadsheets for our budgeting process. With multiple people of various skill levels using them, the potential for critical errors, especially as the spreadsheets get more complex, is increasing. Another problem that Prophix addresses is personnel planning, which we do not currently have an efficient process to handle. Additionally, we are seeking more flexible reporting than our ERP or reporting software is capable of.
  • Prophix is very flexible. You can create reports however you need them.
  • Prophix seems to handle security very well. This makes reporting very efficient because you do not need to customize each report depending on what level of information an individual needs.
  • So far, Prophix's customer support has been very responsive.
  • I would like to be able to export reports in the web version out of Ad Hoc into excel. Sometimes I just need to dump out some data to manipulate outside of Prophix.
  • The help instructions are sometimes a little vague.
  • I'm looking forward to more functionality in the web version.
  • So far, we have had some positive results for easier reporting.
  • We are hopeful it will streamline our budget process.
  • Longer term, we are hoping that we will be able to use Prophix for forecasting and scenario planning, which will help us make better decisions.
We are still in the process of automating this. We are close, but there have been some issues because we do not have a Microsoft SQL server (If I understand correctly). We have been using flat files and it is a bit of work to get current year activity updated. I think we are close on getting the data integrated on a daily basis. It has been difficult.
The feature is very important to us. I am looking forward to being just in the cloud. It just gives us more flexibility to use various devices to access our reports, make impromptu updates, or share information off site. Also, it will be nice to just use the cloud instead of having to use the desktop client for some features.
We liked Prophix's user-friendly appearance. The prices were similar, so for us, it was about the interface or how we perceive how easy it would be to use across the college. We brought together a variety of users from across campus to view a demonstration by Prophix and people really seemed to like this demo better than the others.
We are still in implementation, but the reporting and personnel planning are excellent. I'm hoping to eventually put our fixed assets into the DPM. I'm hopeful that the budgeting workflow will be a significant improvement over our current process. For what we need this software for, I haven't come across any shortcomings.

Prophix Feature Ratings

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