Prophix Review
August 18, 2017
Prophix Review
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Prophix
Prophix is used by our Accounting Departments. Each office has a Controller that is responsible for its office's budgets and reforecasts. He/She receives information from various departments that is imported into Prophix. Much of the information in the Budget is derived and input directly by the Controller. It easily allows us to produce consolidated Budgets in USD (we have a London and Shanghai office that reports in local currency).
- Data Entry: There are many ways to input data into Prophix,whether it be manually, by import, or by calculation. This gives users of differing preferences the ability to enter data as they please.
- Reporting: it is very easy for us to create reports that group the data by office and g/l account.
- Workflow: Prophix makes it easy for us to see where everyone is within the budget cycle.
- We are very pleased and can't think of anything that we are missing.
- Since we started using Prophix, our budgeting cycle has been much more accurate and timely. We have probably saved days worth of time for each office Controller.
We import data from our accounting system on a daily basis and it is very simple. It only requires a little assistance from our financial systems group.
This feature probably won't be too important to our company at this time. However, it may be in the future if the Controllers are traveling more and need cloud access.
Prophix is the first budget software we have used. I had been evaluating a few others at the time. I remember that Prophix was much better than others in its price range and seemed to stack up well even with those products that were 5 times as costly.