Prophix is excellent!

Our Financial Planning and Analysis department uses it to report on home office expenses company-wide. We also use it for budgeting company-wide. It replaced previous software that we use for budgeting that was in an unstable environment and not user-friendly. Prophix is much more intuitive and has a modern look. Our users appreciate the ability to look at expenses at a high level, and then if they have questions, they can drill across on those sums for detailed transactions.The
Prophix Software is very versatile, starting with it creating a web-based
platform. This was important for our company and allows the software to be
updated quarterly without issue. We are able to use Prophix for Expense
tracking, Expense and Capital planning, reforecasting, Compensation planning, Project
tracking, Expense allocation, GAAP PLOB reporting, and still have several more tasks
to implement through Prophix. The data can be sliced and diced many ways, and
each user is able to do it however they like. It is easy to create or run
existing reports. We have made many of our processes more efficient, and
Prophix has allowed us to save more time than you can imagine.

We have uploaded data via Excel flat files for building account and cost center hierarchies. Our company set up staging tables to combine expense and capital transaction detail that Prophix then pulls daily. A process was set up to run this import automatically. It also sends us an email to let us know if the process was successful. Importing data has been fairly easy.

We went straight for the cloud application that Prophix offered. We wanted to have the decreased security risk and not use up so much memory which is exactly what the cloud is for. The application runs quickly and we haven't had any connection issues. It has also been significantly easier when software updates occur. It's a seamless update and does not cause the system to be glitchy.

These options have definitely benefited our budget process. We issue cost center managers a workflow that lets them know when they can enter the budget, submit the budget, and then workflow moves it to their manager, all without needing us to manually send out notifications. The cell comments and row notes have also been valuable. Users can add comments about whey their budgets are increasing/decreasing and then their managers can read that, saving time on the analysis.

We use workflow for expense and compensation budgeting. For budgeting, we pre-fill prior year and current year actuals. Once we have all the budgets inputted, we run an allocation in Prophix to allocated to the correct Business Units. It has greatly automated the process and saved everyone a bunch of time.

Use their consultants; they will have someone that has worked with your data system before and will use their knowledge to get you the data you need into Prophix.