Prophix Addresses Our Budgeting and Reporting Needs with Ease
August 25, 2023
Prophix Addresses Our Budgeting and Reporting Needs with Ease
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Prophix
We use Prophix for budgeting and reporting purposes. Previously, budgets were developed in Excel for about 40 departments, which created significant efforts to reconcile and manage changes. Using the budgeting workflows in Prophix, we are able to develop a zero based budget with line items schedules, approver notifications, utilize version control and manage adjustments in a controlled environment. From the reporting standpoint, progress against budget is monitored easily and a number of financial reports are used for forecasting and management review.
- Line item details/drill across feature to quickly learn what is behind the numbers.
- Workflows
- Logical report contruction
- Flexible report design features
- Proactive reach out to ensure you are maximizing the use of Prophix for the organization.
- Improvement in the performance when updating data cubes
- More forecasting options
- More flexibility for vacancies in personnel planning - move to position control model
- Improved budgeting and planning with workflows
- Real-time access to information (nightly updates)
- Quick access to line item details
Our organization moved away from having to manually consolidate approximately 40 departmental budgets in Excel to a streamlined workflow model. We were able to replicate the Excel based templates that staff were comfortable with in Prophix so the look and feel were similiar. With some custom training for staff, the learning curve was not too steep. Investigating budget details at the line-item level occurs in one view as opposed to navigating between workbooks and sheets in Excel. This past year we had an unusally tight turnaround to develop our budget. We would not have been able to generate a quality budget in that timeframe without Prophix.
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?
No
Would you buy Prophix again?
Yes
While all had similar features at the time of our evaluation, especially from the reporting standpoint. Prophix worked best for our zero-based budgeting model and the level of detail that we were looking to maintain. We also felt it was a better fit for our Dynamics GP financial system, which played out as hoped during the implementation of Prophix.