Overall Satisfaction with Prophix
We use Prophix for our global monthly financial reporting, budgeting, forecasting, and financial analysis.
- Prophix is priced very competitively and offers a high ROI versus competitors.
We have migrated from using Excel for budgeting and forecasting, to using Prophix for those activities. This allows more reporting flexibility including the ability for our department managers to review monthly budget vs. actual results and to drill across and analyze their own data down to the transactional level! With adhoc queries, it is also possible to 'slice and dice' results and view them much more easily.
We integrate data from 6 ERPs currently.
We use Prophix on-premise currently.
Sometimes it takes multiple calls to get a response from the Prophix support line.
Do you think Prophix delivers good value for the price?
Are you happy with Prophix's feature set?
Did Prophix live up to sales and marketing promises?
Did implementation of Prophix go as expected?
Would you buy Prophix again?
ROI is much higher with Prophix as compared to Hyperion.
Prophix is well suited for a company with multiple ERPs and/or a company making acquisitions.
Prophix Feature Ratings
Growing with Prophix
We have implemented consolidated global financial reporting, global budgeting, global forecasting and value stream reporting. All have been big wins with our user community!
We are looking into a new project to capture non-financial data into statistical accounts (such as A/R aging bucket info) that will support our monthly board reporting.
Our experience from first interaction with Prophix during sales all the way through implementation has been great! Of course, a key part of that is picking the right implementation partner, and we have an excellent consultant that assists us.
We use workflow for budgeting and cell commentary for documenting budget details.
Our company benefits from the use of workflow for budgeting and multi-tiered allocations for our value stream reporting.
40 - The user group includes finance, department managers and executive management.
2 - We have 2 admins who support structural changes and 1 advanced user
Our 2 primary systems were easy to integrate.
- Oracle Financials
- Select Line
We have integrated monthly financial data from our various global companies and it was not too difficult to integrate.
- Possibly other ERP which we currently use manual loads right now
Some ERP vendors support integration, but it's almost always possible.
- File import/export
Pick the right consultant!
Like to use
Easy to use
Technical support not required
Quick to learn
Feel confident using
- Ad Hoc Analysis
- Financial Consolidation
Yes, but I don't use it
No issues here
Prophix is almost always available. On rare occasions, a technical issue has occurred.... but very rare.
Prophix pages load quickly.
Relationship with Prophix Software
Smooth sales process
We have an excellent consultant!
Some elements of pricing were negotiable.
Interview and select the right consultant!
Problems get solved
Kept well informed
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Yes - Using a Prophix consultant for ongoing support is the best option.
Support is typically exceptional!
- no training
Yes it's very user-friendly
- We have not recently upgraded
- Some limited benefits
Evaluating Prophix and Competitors
Yes - Use of a custom Oracle Financials consolidation process
- Product Features
- Product Usability
- Product Reputation
- Prior Experience with the Product
- Vendor Reputation
- Third-party Reviews
Pricing is very reasonable compared to other products like Adaptive Planning and Host Analytics
Select the right consultant!
- Third-party professional services
Hired a consultant that I used at a former company.
Yes - 1) Budgeting, 2) Financial Consolidation, 3) Forecasting, 4) Other operational reporting
Change management was a minor issue with the implementation - No issues were difficult to overcome.
- No significant issues
Select the right consultant to guide you through the process!
No - we have not done any customization to the interface
Some - we have added small pieces of custom code - Prophix consultant handled this.
Nothing too significant.