5 Years & No Regrets
August 18, 2017
5 Years & No Regrets
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Prophix
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.