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Prophix Review
September 12, 2020

Prophix Review

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

Currently, Prophix is being used by our Accounting and Finance teams. All of our budgeting and rolling forecasts are done within Prophix. We are now able to easily budget & forecast based on actual historical data that we bring into Prophix from Great Plains on a daily basis. It also uploads any data that we have collected from outside sources from the field to be used within our budgeting and forecasting. In addition, we produce multiple finance reports for internal and external purposes using Prophix. Our data that is brought into Prophix from Great Plains and our budget data housed within the program are used to quickly produce monthly financial reports.
  • Prophix has great customer service and quickly replies to inquires.
  • User friendly and easily learn by all different level of users
  • A simple solution that solves multiple problems
  • The ability to lock or make certain dimensions uneditable
  • More fine-tuned user rolls or security
  • Streamline monthly and annual financial reporting
  • Detailed budgeting and forecasting
  • The ability to easily produce a rolling forecast
Prophix has given us the ability to completely remove Excel from our budgeting processes. We are able to budget based on actuals that are housed within Prophix, use templates for data entry along with using ad hocs for data entry. Reports and templates can now be used for reviewing budgets.
Prophix has reduced our budget & forecast cycles, along with the manual work that was required to produce monthly and annual financial reports. Our company is continuously learning & evolving within Prophix.
Prophix a great solution to many needs. We might only use Prophix for financials but the software does not stop there. Our company just hasn't had the opportunity to discover other uses that would benefit us.
Prophix is a great solution for any company that is still using Excel for budget reporting or forecasting. Prophix is a user-friendly solution to get away from Excel. It reduces the likelihood of human error, data becoming corrupt, in addition to the need for long and complicated formulas. Prophix also allows a company that has multiple divisions or children companies to budget and forecast in different ways that suit that company's needs but then be able to bring all the different data together to create a consolidated budget.

Prophix Feature Ratings

7.8
Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
7
Management reporting
Not Rated
8.0
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
8
Detailed Audit Trails
8
7.5
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
7
Automated board and financial reporting
7
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
8.0
Flat file integration
8
Excel data integration
8
Direct links to 3rd-party data sources
8
BI Standard Reporting ()
Not Rated
8.0
Drill-down analysis
9
Formatting capabilities
7
Report sharing and collaboration
8
8.0
Publish to PDF
9
Report Versioning
8
Report Delivery Scheduling
7
Not Rated
Predictive Analytics
Not Rated
7.7
Multi-User Support (named login)
9
Role-Based Security Model
7
Multiple Access Permission Levels (Create, Read, Delete)
7
7.0
Responsive Design for Web Access
7