Prophix for us
Updated April 01, 2024

Prophix for us

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

Overall Satisfaction with Prophix

We use it for forecast, reporting and budgeting in our company that turns out monthly, quarterly and yearly reports. We also have a very robust process that uses Detail Planning Manager, Capital and Depreciation as well as line item details. It has been a big upgrade over Excel which we use to use.

Pros

  • Budgeting
  • Forecasting
  • Reporting

Cons

  • Install for fat client
  • ease of use
  • better dashboards
  • Less time creating reports
  • more value to costumers
  • better UI
It has made our users be able to save different version, not copy over each other, make the finance team more involved in decisions and less in maintaining reports. It makes management have time to make decisions and not have to look for the correct report because it is already in Prophix.
The price was one of the biggest thing that had us looking at Prophix. Also how customized it could be with us. Prophix was willing to work with us as a partner and not just have us take their out of the box product, but actually create our own with them.

Do you think Prophix delivers good value for the price?

Yes

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

We have found it to be more helpful for the planning where some Excel features were lacking. For instance calculations are something that it does well. The user interface is also something that is better for our users who are not in the finance world and we feel it is a better option

Prophix Feature Ratings

9.2
Long-term financial planning
9
Financial budgeting
10
Forecasting
10
Scenario modeling
7
Management reporting
10
9.7
Financial data consolidation
10
Journal entries and reports
8
Multi-currency management
10
Intercompany Eliminations
10
Minority Ownership
10
Local and consolidated reporting
10
Detailed Audit Trails
10
9.0
Financial Statement Reporting
10
Management Reporting
8
Excel-based Reporting
9
Automated board and financial reporting
9
8.5
Personalized dashboards
7
Color-coded scorecards
9
KPIs
8
Cost and profitability analysis
9
Key Performance Indicator setting
9
Benchmarking with external data
9
8.3
Flat file integration
6
Excel data integration
9
Direct links to 3rd-party data sources
10
BI Standard Reporting ()
Not Rated
9.0
Drill-down analysis
10
Formatting capabilities
8
Report sharing and collaboration
9
9.3
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
8
10.0
Predictive Analytics
10
10.0
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
10.0
Responsive Design for Web Access
10

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