Must Have Financial Tool
Overall Satisfaction with Prophix
Also, we have always been able to get a Prophix tech on the phone or online when we have been stuck on an issue.
Prophix is used for budgeting, financial statements, DPM and various ad-hoc queries/reports for analysis. Prophix is being used across the whole organization (managers and above). Managers of business units review financial data monthly as well as monitor budgets and adjust forecast three times throughout the year.
Prophix helps the organization identify trending patterns, manage costs and analysis of financials. The Prophix budgeting tool has also been extremely helpful to our organization.
- Prophix budgeting and financial tools are easy to use.
- Drop and drag files into a table, similar to Tableau
- More formating functionality similar to excel (for both reporting and graphing)
- Budget Process has been streamlined by pushing out templates to business unit owners. Details whether attached or online items have been extremely helpful.
- Currently in early stages of analyzing cost versus revenue by individual products. Calculated decisions can now be made on a product basis - huge bonus for this organization.
- Utilizing Prophix's graphing functionality when monitoring trends has helped business unit owners better forecast product ROI.