Prophix in Utilities
August 21, 2017
Prophix in Utilities
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Prophix
Prophix is being used across the organization for budgeting, forecasting and planning. It has allowed for a much more efficient budgeting process. It also allows for easy tracking of actual/estimated cost and revenue.
- Reporting can be as detailed or as high level as desired
- Flexibility in analyzing data, setting up reports and setting up models
- Integrate different models and easily transfer data between models
- Flexibility of data entry and calculations
- Ability to drill across to easily access General ledger data
- Error messages are fairly useful, but some improvement would be nice to indicate when data is not written back to the database and why
- Pushing back department budget due dates since managers enter data directly to the database and the time to manually accumulate data is eliminated
- All users are using the same data eliminating opportunity for differing assumptions
- Prophix provided a platform to easily create reports and share data used to make decisions
- Multiple users have access to information, understand models and can analyze their own data
- Users are more self-sufficient and do not have to rely on the accounting department to obtain information
Importing data with a process is very simple and easy to use. Importing data from the general ledger automatically and daily allows for current data to be easily used outside the accounting department.
We are comfortable with on-premise. Given the confidential nature of the data, we are not interested in cloud based solutions at this time.