Prophix
April 02, 2021

Prophix

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

Overall Satisfaction with Prophix

Prophix is being used by our organization for financial reporting and annual planning/forecasting. The F&A team is the main user base, but we also have other departments that are users and input planning and forecasting data.

Prophix allows us to maintain historical financial reports -- both actuals and budgets/forecasts. It is the main "hub" for our annual planning process, and is considered as the source of truth when it comes to company financials.
  • Financial Reporting
  • Planning
  • Ad Hoc Analysis
  • Time and Resources necessary to train end users
  • Streamlined annual planning process
Our company deals with 20+ departments, all of which have some sort of annual budget. Having the ability to consolidate all of these budgets into one source has been immensely helpful as a Finance team make sure we are able to account for everything during the annual planning process.

Do you think Prophix delivers good value for the price?

Not sure

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 a great resource for any company looking for a robust CPM software. It has been a mainstay at our company for numerous reasons and once the end user is well trained on the power it has, it can be a great benefit overall.

Prophix Feature Ratings

Long-term financial planning
8
Financial budgeting
9
Forecasting
9
Scenario modeling
8
Management reporting
8
Financial data consolidation
8
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
Not Rated
Financial Statement Reporting
8
Management Reporting
Not Rated
Excel-based Reporting
8
Automated board and financial reporting
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
Not Rated
Flat file integration
Not Rated
Excel data integration
Not Rated
Direct links to 3rd-party data sources
Not Rated
Drill-down analysis
Not Rated
Formatting capabilities
Not Rated
Report sharing and collaboration
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Predictive Analytics
Not Rated
Multi-User Support (named login)
Not Rated
Role-Based Security Model
Not Rated
Multiple Access Permission Levels (Create, Read, Delete)
Not Rated
Responsive Design for Web Access
Not Rated