How Prophix Has Helped Us
Updated September 29, 2020

How Prophix Has Helped Us

Tom Samuelson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

We use it for the entire company. We use Prophix for reporting, forecasting, and planning. It is used for all of our financial reporting, for our quarterly forecasting process, and for our yearly planning process. It is also used for any ad hoc reporting that our management team requests.
  • It is our one source of truth.
  • It allows users to monitor their expenses as the month progresses.
  • It allows the management team to monitor sales plan progress throughout the month.
  • Our experience with Prophix has been very good. Any problem that we have encountered they have helped us correct it.
  • Allowed us to streamline the reforecast and budgeting process
  • Allowed us to do Customer P & Ls and analyze our Customer's profitability.
The Prophix team did a nice job during the implementation process helping us set up data connections to pull the necessary data from Sage. They are also available when needed to answer our questions about setting up additional data connections or answering questions about flat file importing into Prophix.
It is very nice to have that flexibility. We currently run Prophix on premise but are entertaining the idea of going with their Cloud option. This change would allow us to take some things off our IT team.
Their CSP package has been very helpful to us. If we have a question or problem that we cannot figure out we simply put in a support ticket, line up an appointment with a member of the CSP team, talk through the question or problem, and in every case so far we have resolved our question or problem.
Prophix has helped us to get away from Excel spreadsheet management of our company and allowed us to have one source of truth for our Financials. It also allows the users to pull and review the information that is important to them. Prophix gives them the power to review numbers on a daily basis.

Prophix Feature Ratings

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

Growing with Prophix

Prophix has allowed us to get all of our Financial information in one location so it is our one source of truth. As a company we have been able to get our Financial reports in Prophix and have been able to get all of our Executive team on Prophix so they have access to those reports anytime they would like to review them.
We use Prophix to track our headcount by department and by time period. This allows us to track our past, present and future needs and plans for personnel.
Our experience has been very good from the sales process, through implementation and all the way through today. The implementation process was very well organized. We are a part of their Customer Success Program so if we have questions that we cannot answer in Prophix on data integration, report set up or anything else we can set up a 25 or 45 minute call with one of the Customer Success personnel to answer our questions.