Prophix helps with streamlining
September 11, 2019

Prophix helps with streamlining

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

Overall Satisfaction with Prophix

We are currently using Prophix to help streamline our budget process. We used to use Excel and it was a very timely process. We will also use it for forecasting, job performance, and month-end reporting.
  • Streamlines processes.
  • Creates professional-looking reports.
  • Let's you look/analyze data quickly and in different ways.
  • Each report is custom. No out of the box reports.
  • During the initial build, it will take a lot of your time. Not necessarily a bad thing just wasn't expected to be as involved as I currently am.
  • Streamlined budgeting and planning.
It has been a little rocky but I also think that we are a needy client and want to be able to dissect information in many different ways.
The CSP group has been a huge part of my success within Prophix. Whatever our consultant didn't have time to help with, the CSP picked right up and continued with any of our needs.
Prophix is great for building professional-looking reports that include things like:
  • KPI's
  • Bank covenants
  • Income Statements
  • Cash Flows
  • Balance Sheets

Prophix Feature Ratings

Long-term financial planning
5
Financial budgeting
9
Forecasting
9
Scenario modeling
5
Management reporting
9
Financial data consolidation
5
Journal entries and reports
5
Multi-currency management
5
Intercompany Eliminations
5
Minority Ownership
5
Local and consolidated reporting
5
Detailed Audit Trails
5
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
10
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
8