5 Years & No Regrets
August 18, 2017

5 Years & No Regrets

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

Overall Satisfaction with Prophix

Support has been good, although obviously can vary greatly depending on the knowledge and experience of the technician. Never been a problem to escalate an issue or schedule a follow-up session. Better on-line help would be nice.
Prophix is used by approx. 10 Finance and Accounting users spread over 5 locations worldwide. It's used for consolidations, budgeting, forecasting and other financial planning and analysis.
  • It is very configurable & adaptable, easily able to match your organizational structure and chart of accounts.
  • Implementation specialists are very good, helping with initial cube design.
  • Custom report design and access to real-time data is done well.
  • Journal entry approval process is a bit clunky.
  • Security permissions process, although extensive, could be easier.
  • Process scheduling engine frequently needs to be restarted, but may be an internal IT issue.
  • Enhanced customer revenue reporting and metrics.
  • Streamlined consolidation process.
  • Standardized budgeting and forecasting processes.
We only require data to be imported from one ERP system; was no problem during initial implementation and continues to work as designed. Automated and manual import functions work as advertised.
Deployment flexibility is less important for us, as we are using one on-premise installation and remote access.
We also considered Hyperion but the cost and implementation complexities pushed us to Prophix.
Well suited for smaller user groups with smaller budgets. May not have all of the features of a Hyperion-class product, but likely easier to use and maintain.

Prophix Feature Ratings

Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
7
Management reporting
9
Financial data consolidation
8
Journal entries and reports
6
Multi-currency management
8
Intercompany Eliminations
8
Minority Ownership
Not Rated
Local and consolidated reporting
8
Detailed Audit Trails
Not Rated
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
7
Automated board and financial reporting
5
Personalized dashboards
8
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
7
Benchmarking with external data
Not Rated
Flat file integration
8
Excel data integration
8
Direct links to 3rd-party data sources
Not Rated