Prophix - Great budgeting tool
August 18, 2017
Prophix - Great budgeting tool
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Prophix
Prophix is being used in our organization mainly for budgeting, but also for monthly managerial ad-hoc reports. It is used mainly by finance, but also by HR during budget season for data input. It addresses many of our budget issues.
- In the analytics aspect, the ad-hoc analysis allows us to drill down and really allows for specific general ledger budgeting.
- The template designer/template studio is very helpful when doing monthly reports.
- It takes a really long time to switch versions within the ad-hoc analysis, the time it takes is extremely annoying. Sometimes it can be 10-15 minutes to open different parts, depending on how large the version is.
- The "help" tab is not the most user-friendly when trying to learn the different commands.
- Our budgeting process is definitely more streamlined with Prophix. It has had an extremely positive impact during the budget, especially with the capital expenditure budgeting.
The data integration is very intuitive. It captures our data from GP very well. No problems there.
It's been 7 or 8 years since we used a similar product to Prophix, we switched to Prophix due to the overall budget capability and have not been disappointed.