Prophix has helped streamline many processes!
Updated September 06, 2023

Prophix has helped streamline many processes!

Amie Roach, CMA, CSCA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

Prophix is being used for corporate financial budgeting, as well as month-end financial reporting and analysis. All corporate, branch and discipline leads use the data from Prophix for review. Prophix has helped to streamline the budgeting process and also allows for quick updates to monthly reports and annual forecasts.
  • Ease of data access - Prophix makes actual data easy to access and use in many ways.
  • Streamline processes - Prophix is great at helping to streamline processes and ensure good calculations.
  • Quick updates - Prophix allows for quick updates for monthly reporting, etc.
  • Report templates - All reports have to be built and without proper training they can be difficult to start.
  • Forecast updates could be a bit more streamlined if you had better access to updating current financial versions.
  • Streamlined Budgeting.
  • Easy reporting updates.
  • Easy personnel planning.
I no longer use excel at all to do our budgets! Prophix has integrated our personnel and financial data in to one system for easy access to make adjustments, review and update for budgeting!
We import data from two other disparate systems with ease. Prophix runs an automatic process nightly that is very efficient for updates.
The deployment flexibility is important because it allows companies to make individual decisions regarding IT structure and investments.

Do you think Prophix delivers good value for the price?

Yes

Are you happy with Prophix's feature set?

Yes

Did Prophix live up to sales and marketing promises?

Yes

Did implementation of Prophix go as expected?

Yes

Would you buy Prophix again?

Yes

Prophix is the most flexible system we evaluated and has proven to be great in helping streamline and manage processes.
Prophix is great if you need flexibility in how to use and analyze data. You can virtually do anything with your actuals once you have them in Prophix.

Prophix Feature Ratings

Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
8
Management reporting
10
Financial data consolidation
10
Journal entries and reports
9
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
8
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
9
Automated board and financial reporting
9
Personalized dashboards
10
Color-coded scorecards
9
KPIs
Not Rated
Cost and profitability analysis
9
Key Performance Indicator setting
Not Rated
Benchmarking with external data
9
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Drill-down analysis
9
Formatting capabilities
8
Report sharing and collaboration
8
Publish to PDF
10
Report Versioning
8
Report Delivery Scheduling
10
Predictive Analytics
Not Rated
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Responsive Design for Web Access
10

Growing with Prophix

budget process improvements have been a huge time saver! lessons learned would include being sure to use their support staff, they are very helpful! also, be sure to use best practice ideas for report building,etc
we load all employee data including benefit costs, etc
we had a very positive experience from the first discovery call, implementation and continue to find value in support staff and account managers

Prophix Support

ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
We did purchase premium support. I prefer to ensure I have full access to a dedicated support team and any learning tools available on short notice. The premium support includes many items of use, especially if you are a new user that is still learning.
During my budget process I had an issue I could not correct on my own. The customer support team was available in a timely manner and worked with me to ensure I was able to move forward without any delays in my budget deadline!
Support is great. You are able to speak to the same support staff members on a regular basis which is helpful based on the fact that they know your data and how you use the program.