Robust
April 17, 2019

Robust

Teresa Tang | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

We needed a program robust enough to provide financial results across the entire organization at a more granular level, a budgeting system that includes personnel planning, and, in the future, create incentive comp models currently housed in excel format. We want to be able to automate as many time consuming processes as possible.
  • Personnel planning
  • The ability to drill down to invoice level details
  • Adding alternate hierarchies fairly easy
  • Dashboard capabilities - be able to toggle between departments
  • More Charting options
  • Automate a lot of manual processes.
  • Eliminate maintaining tedious excel files.
  • Crest budget process in Prophix.
Fairly seamless with direct connection to other systems and via flat file works well. We have not encountered any issues with data integration.
We chose the cloud and originally had a lot of concerns about data security. But, we were able to resolve based on all the due diligence the program has done to address these concerns.
We never had any issues where they could not be resolved and have seen key features added to new versions of the program.
The company was looking for a robust tool and during the demo sessions the key budget contributors were satisfied with the user friendliness and positive outlook on the success of Prophix.
Appropriate for personnel planning, actuals to budget reporting, and consolidations, and not appropriate for cost accounting.

Prophix Feature Ratings

Long-term financial planning
10
Financial budgeting
8
Forecasting
8
Scenario modeling
10
Management reporting
8
Financial data consolidation
Not Rated
Journal entries and reports
8
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
8
Detailed Audit Trails
8
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
8
Automated board and financial reporting
8
Personalized dashboards
7
Color-coded scorecards
Not Rated
KPIs
9
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
7