Great software - Still learning a lot
April 17, 2019

Great software - Still learning a lot

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

Overall Satisfaction with Prophix

We currently use Prophix for Budgeting, financial reporting and forecasting. We use the workflow manager to allow many users to input budget data, and at this time about 25 users have access.

Pros

  • Financial Reporting
  • Forecasting
  • Aggregating data in logical ways

Cons

  • I would have like to see Prophix take one budgeted item and follow it through all the way to the Finance Cube during implementation to verify all processes worked. Everything was discussed in a hypothetical scenario rather than actual
  • Faster CSP availability
  • It would be nice to be able to edit data views in templates
  • Streamlined budgeting
  • Timeline management
  • More accurate reports
Once the connection was established, we found it very easy to import from our ERP to Prophix.
We use the cloud and appreciate the automatic updates.
We have the CRP package which we need as we get things up and running. We would like the response time to be faster but appreciate that we can schedule appointments.
Our CFO chose this package and I was not there to evaluate any other options.
Great financial reporting. I think after we get our feet under ourselves it will be a great time saver. We are currently in the process of reviewing our model set up and hope to continue making improvements.

Prophix Feature Ratings

Long-term financial planning
7
Financial budgeting
7
Forecasting
8
Scenario modeling
8
Management reporting
10
Financial data consolidation
9
Journal entries and reports
5
Multi-currency management
8
Intercompany Eliminations
8
Local and consolidated reporting
9
Financial Statement Reporting
8
Management Reporting
9
Excel-based Reporting
8
Automated board and financial reporting
9
Personalized dashboards
7
Color-coded scorecards
7
KPIs
7
Cost and profitability analysis
9
Key Performance Indicator setting
7
Benchmarking with external data
7
Flat file integration
9
Excel data integration
8

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