Short on IT, then choose Prophix
Overall Satisfaction with Prophix
Prophix implementation is being managed in two phases: the first phase has focused on descriptive uses (i.e. real-time budget reports at the department manager level, P&L reports, income statements, balance statements). The second phase will focus on predictive reporting. We plan to add data inputs from our ERP system that will allow for a more in-depth budget forecasting capability.
Our business problem was the fact that our previous financial reporting platform, Microsoft Management Reporter, did not meet the needs of the business. We found, in addition to the possibility that MMR could be deprecated just like Microsoft's previous reporting system, FRX, had been deprecated, that Management Reporter (1) was difficult to develop new reports, (2) was restricted to an on-premise solution which requires resource expenditures - capital, physical infrastructure, and personnel, and (3) did not allow for real-time updates of end-user reports.
- Prophix is web-based and can be linked to Active Directory authentication. This allows end users access to budget reports from any Internet accessible computer while still requiring authentication with your company's user credentials.
- Prophix has a "drill across" function that allows an end user to easily display transaction details for any selected line item expense. Not only is detail provided for the current billing cycle, but all YTD details are displayed.
- While the web page is a responsive web page (meaning the page size adjusts to the screen size of the device), it is not 100% responsive. This results in a less than desired user experience (in other words, accessing the web page on a phone is possible but can be a bit frustrating).
- Positive: Prophix has enabled real-time budget accountability. Budget overages have decreased by an average of 8%.