Solid Product = Confidence in our Financials.
January 26, 2023

Solid Product = Confidence in our Financials.

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

While we are an Automotive Association first, we have a number of additional business lines, so our organization is complex. We use many cubes within Prophix (Sales, Financial) and DPM only on a daily basis for Incentive calculations, Headcount Reporting, Account Analysis, Spend Reporting, and our month-end Financial Statements. Annually we do budgeting exercises but are not currently using any integrations/ approval automation due to a lack of resources. As an organization, we've used Prophix for almost ten years, and one of its main advantages is that regardless of where our data comes from, because of its setup, we have confidence in our data, reporting, and history.

Pros

  • Reporting
  • Data Consolidation.
  • User Friendly.

Cons

  • Minimizing/Adjusting Menu Bars to make more space on a screen.
  • More licensing options.
  • Quick month-end close process.
  • Streamlined budgeting and forecasting.
Our budgeting process has not evolved, and we are still using excel for the majority of our business units. We have a lot of individuals responsible for budgeting which are not users within Prophix based on our licensing, so at the present time, there is no way around this.

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

Truthfully we haven't come across a scenario where Prophix hasn't allowed us to complete a required exercise. It has so far proven to be sufficient as a reporting & analysis tool that has given confidence in our numbers.

Prophix Feature Ratings

Long-term financial planning
9
Financial budgeting
8
Forecasting
8
Scenario modeling
Not Rated
Management reporting
9
Financial data consolidation
9
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
9
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
8
Personalized dashboards
5
Color-coded scorecards
Not Rated
KPIs
5
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
9
Excel data integration
Not Rated
Direct links to 3rd-party data sources
Not Rated
Drill-down analysis
7
Formatting capabilities
7
Report sharing and collaboration
7
Publish to PDF
7
Report Versioning
7
Report Delivery Scheduling
Not Rated
Predictive Analytics
Not Rated
Multi-User Support (named login)
7
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
9
Responsive Design for Web Access
Not Rated

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