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Prophix Gives Us an Advantage Just When We Need It!
July 14, 2023

Prophix Gives Us an Advantage Just When We Need It!

Jason Norman | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

Southwest Baptist University (SBU) uses Prophix for financial reporting, budgeting, forecasting, and analysis. SBU designed its Prophix implementation to supplement reporting gaps in its ERP, and the ability to automate the distribution of reports has been significant. The budgeting timeframe has been greatly reduced since using the platform, and what used to take days to forecast now takes just a couple of hours. Financial analysis used to be a daunting task using only the ERP's reporting capabilities, but now a wide variety of balance sheet or income statement analyses can be churned out in a matter of minutes.
  • Ad Hoc Analysis
  • Organizing Financial Data
  • Automating Report Distribution
  • Financial Collaboration
  • Report Formatting
  • Dashboards
  • Managing Budget Notes
  • Saved at least 1 month with annual budget process
  • Saved hours each month pulling data for ad hoc financial analysis
  • Identified dollars saved due to vacant staff positions
Prior to Prophix, the university used Excel exclusively for its budget processes. After moving to the unified platform that Prophix provides, we are still able to provide budget worksheets that end users can interact with just like Excel, but we no longer need to deal with file versioning, stale data, broken formulas, or corrupt files.

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 found Prophix to be more flexible than the other solutions. It proved to have less of an implementation timeframe, and we felt more comfortable supporting the system ourselves post-implementation. We were also surprised to find that Prophix's pricing was more competitive than its rivals, which made the decision process quite easy.
Within the higher education industry, many ERPs lack sophistication in financial reporting and budgeting. Prophix can easily integrate with most ERPs, making it a quick way to supplement an ERP and the gaps it presents. The platform is easy for end users to access, learn, and generate insights from, ultimately generating a full ROI quickly.

Prophix Feature Ratings

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