Prophix | A Game Changer CPM Softwate | From Data to Insights
July 21, 2023

Prophix | A Game Changer CPM Softwate | From Data to Insights

Jessie L Williams | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

Hello - Here at Precinmac we are a private equity group that purchases other manufacturing companies under our umbrella. We have 6 US based businesses and 2 CA based. Inside of Prophix we have designated cubes for each of our businesses as well as a consolidated Precinmac model. Each model is designed for reporting that goes to various individuals whether its auditors, CFO's, Banks, Ect. We serve a large and diverse group of people through our models as well as using our models to eliminate GL accounts between the different business units. Prophix helps Precinmac with the follow - Standardizing data between multiple ERP systems - Intercompany Eliminations - Consolidating - Variance analysis - Power BI We have gotten very creative in how we do things inside of our environment which has helped our department contain the mass of data that we come across.
  • Reporting
  • Info flexing Data
  • Mapping Tables
  • Process Manager - Single Threaded
  • Journals manager - Bugs, Named sets
  • Data Cleaning
  • Streamlined reporting
  • Streamlined Data Management
While at Superior Construction, Prophix proved to be a valuable tool, enabling us to streamline our budgeting and planning processes, improve security, reduce errors, and gain more visibility into personnel costs. It provided us with the data-driven insights needed to make informed decisions and ultimately contributed to the success and efficiency of our operations.

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?

I wasn't involved with the selection/purchase process

Did implementation of Prophix go as expected?

I wasn't involved with the implementation phase

Would you buy Prophix again?

Yes

Prophix excels in simplifying the data cleaning process and extracting meaningful information from massive queries. Its intuitive interface and robust functionality make it a valuable asset in streamlining data management tasks. By leveraging Prophix, users can derive valuable insights and make informed business decisions based on the accurate and reliable information it provides. That said, larger organizations with more complex data needs may find Prophix limited in terms of scalability. As their data grows, they may require a more comprehensive solution that can handle increased volume and complexity effectively. It's worth mentioning that while Prophix may not be primarily focused on dashboarding, it still offers efficient data visualization capabilities. Users can generate reports and visual representations of their data to communicate insights effectively, even if it may not offer the same level of advanced dashboarding features

Prophix Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
8
Scenario modeling
8
Management reporting
10
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
7
Intercompany Eliminations
7
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
6
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
Personalized dashboards
6
Color-coded scorecards
10
KPIs
6
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Drill-down analysis
10
Formatting capabilities
10
Report sharing and collaboration
10
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
10
Predictive Analytics
Not Rated
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Report-Level Access Control
10
Responsive Design for Web Access
1