Prophix Review
February 02, 2019

Prophix Review

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

Prophix is being used to manage workflows for budget and forecasting purposes. At one point we used hundreds of Excel templates to manage this process, but thanks to Prophix we have one system that can manage it all. Users can also see their monthly tracking by logging in through the system.
  • Security for users
  • Workflow for planning
  • Cost reporting
  • More web client functionality
  • Increase speed times
  • Charts
  • Upgraded Security
  • Streamline Forecasting
  • Upgraded workflow
In our business, we use staging tables to prep the data to be loaded into Prophix. We then run processes to pull and transform the data once it is in Prophix. We pull from multiple systems to report and forecast data through Prophix. It has given us the tools we need.
Deployment was very important. We at the time wanted it to be on-premise on our servers because at the time that is how our business stored everything. Now we are moving away from that structure and Prophix has given us the flexibility to move to the cloud when we are ready.
Support is great once you get in and on the phone with the correct people. The first line of support is okay, but always seem to move us on to the next level and have to go over the whole situation again. Once that happens though they have always found a solution.
Other parts of our company have used Hyperion. I have not used it but only seen it in action. From what I can tell, Prophix is a more user-friendly software and better for the base users who may not all be full accountants using the system along with us.
Prophix is suited for companies that want a [hands-on tool where] the IT and finance departments work well together in the implementation and running of the product. It also works well in companies that are worried about security because of the detailed functions it has in the model cube.

Prophix Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
9
Management reporting
8
Financial data consolidation
5
Journal entries and reports
5
Multi-currency management
9
Intercompany Eliminations
7
Minority Ownership
5
Local and consolidated reporting
8
Detailed Audit Trails
8
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
Personalized dashboards
8
Color-coded scorecards
3
KPIs
4
Cost and profitability analysis
4
Key Performance Indicator setting
6
Benchmarking with external data
7
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
9