Great software for saving time
Updated January 20, 2025
Great software for saving time

Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Prophix
We currently use Prophix for out monthly finance reports for budget holders and reports for the Board to review. We use Prophix to create budgets and for reforecasting. Although it was time consuming to set up the process we have saved a lot of time since in the review and amending process. It is really easy to use the templates for our reforecasting and the next budget setting process. We now use Prophix for other processes such as calculating profitability on contracts and going concern.
Pros
- Personnel Planning
- Report creation
- Budget setting
- Reforecasting
- Reporting on profitability
- Going Concern
Cons
- Finding answers to questions can sometimes be difficult but I haven't found it impossible - yet
- The colour palette for charts and graphs in Dashboards could be bigger - allowing us to choose colours that match our company colours.
- Reduction in time taken during budgeting for review and updating
- Quicker production of forecasting figures to produce a reforecast in Q1, 2 etc. Easy to upload data and reproduce reports
- More professional and accurate reports, no manual amendments and any miscoding can be easily identified and corrected
We have moved all of our budget setting processes, going concern calculations and profit margin workings to Prophix, we also use Prophix for all of our monthly finance reporting and management/board reports. Our forecasting will be done in Prophix this year and going forward we will be working out how to use Prophix for our cash flow and rolling out the reporting workflows to our budget managers in order to automate as much as possible.
Prophix works for our business and is flexible enough to work for a number of different types of business. We are able to work with Prophix to develop cubes that record out business needs and supply our budget holders with graphical data to support their reporting needs. The ability to be able to instantly update the month end reports is really helpful and being able to drill down into the data makes the software additional useful.
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?
Yes
Would you buy Prophix again?
Yes
Prophix Feature Ratings
Growing with Prophix
We now use Prophix for budget setting and for forecasting, this has reduced the amount of time taken to produce the reports for budget managers and has been a more inclusive process. We have also used the detailed planning manager for setting budgets and for our Going Concern calculations, everything feels a bit more accurate and professional and the processes have been far quicker than using spreadsheets (which is what we were using before).
We are using Prophix specifically for Finance but can use the dashboards for announcements that are not financial - such as birthdays or special dates in the calendar. We have managed to incorporate access to other software using the iFrame in the dashboard so that sales reports can be seen by managers.
I wasn't involved in choosing Prophix for our company but have been the instigator of rolling out to our users. It has been a very easy journey with all the support that we needed. Prophix Academy and Red Carpet are excellent sources of information and I would recommend that anyone who is looking for new software take on board the amount of support that you will receive from the supplier as it is invaluable.
Using Prophix
We are using line item details now that we have set up our budgets using Prophix, this is a great addition to provide detail behind the finances. We have linked our monthly reports to the dashboard charts to enable users to access them quickly and adding row comments allows information to be given to the budget holders regarding variances and without having to send emails back and forth. Workflow is my next challenge and we aim to use this for month end processes and setting budgets.
We have used template pre-population for our budget setting process and this saved a lot of time and effort in creating spreadsheets and downloading information from our Finance Software, being able to integrate data and forecast this saved so much time. We have not yet used workflow but plan on doing so soon with regard to month end review of reports. The next challenge is using multi-tiered allocations for spreading time worked across contracts.
25 - Budget managers, accountants, board members, team leaders. A number of different roles in the company and we have created dashboards with relevant reports and information for each of them. Being able to set up groups for access to different areas of the company is really beneficial and restricting access to different cubes helps too.
2 - We have just two of us supporting Prophix but are planning to extend this to at least three. We keep it to a minimum currently whilst we are still getting used to how Prophix works and how we want to have folders etc set up in order to streamline everything and future proof our reporting structure. The skill set that we have found useful is to be able to find out how Prophix is used by other companies and then apply new ideas to how we use Prophix. Being confident in knowing that you 'can't break' the system so you can try different things and taking advantage of any available training sessions to learn.
Integrating Prophix
- SAP B1
- Uploads from Excel
- HR information into the Planning cube
- Microsoft Power BI
- Freedom
SAP was the most difficult because we needed Sapphire to create reports to be exported but the process of importing is really easy to create and maintain.
We now have full integration with the information from Freedom, we have to manually import this but once it is in Prophix then we can produce any number of reports very quickly.
We now have full integration with the information from Freedom, we have to manually import this but once it is in Prophix then we can produce any number of reports very quickly.
- Power BI
- CloudFM Freedom
Power BI is supported and we already use this to integrate the data from CloudFM Freedom
- File import/export
- Single Signon
This should be done as part of the onboarding process, the support teams on both sides can communicate what is needed and the process can be set up really easily. We have updated our integration details as needed and the process is really flexible - the information to be integrated was set up in such a way that it doesn't need updating.
Using Prophix
Pros | Cons |
---|---|
Like to use Relatively simple Easy to use Technical support not required Well integrated Consistent Quick to learn Convenient Feel confident using Familiar | None |
- Setting up reports
- Creating dashboards
- Importing information
- Budget setting
- Forecasting
- Nothing is particularly difficult, you just need to be aware of the set up of your hierarchies
Prophix Reliability
Relationship with Prophix Software
N/A I was not part of the team at that point.
Just be polite and friendly and you will receive a great response. If you can actually work through any problems that you may have to provide a more detailed question then that always helps.
Prophix Support
Pros | Cons |
---|---|
Quick Resolution Good followup Knowledgeable team Problems get solved Kept well informed No escalation required Immediate help available Support understands my problem Support cares about my success Quick Initial Response | None |
I am not sure if we did but the support we receive is ideal, I can submit a query and if it is urgent I get a response or an invite to a call within 12 hours (the time lag) but if we have a system issue then we get contact within a few hours at most.
We couldn't integrate our financial data into Prophix one month and couldn't figure out whether it was our Finance software or Prophix that had an issue. The Prophix Support team requested contact with our Finance Software support team and included us in the call in order to fix the issue. This ultimately took a number of days to fix and included me being talked through how to update the information in Prophix (it was an update in our Finance Software that had caused a conflict with Prophix integration). Some very patient support people!
Prophix Training
Upgrading Prophix
Yes - The new release went smoothly, no down time as the upgrade happened overnight. Sometimes with a new release we need to contact support to ensure that our reports and imports are still running smoothly but just recently we have not needed to do that. No unexpected impacts from the new release.
- Changes to some of the reporting abilities
- Expanding the reporting abilities
Evaluating Prophix and Competitors
- Cloud Solutions
- Integration with Other Systems
- Ease of Use
We wouldn't - the process we used worked and we have ended up with the package that we needed. We might employ someone at the start of the project who has the insight to be able to install and deliver Prophix in a more streamlined manner rather than using the existing staff who try to fit in the project around their day job.
Prophix Implementation
- Implemented in-house
Change management was minimal
- Time - being able to find the time to progress implementation on top of the day job
- Skill sets
Configuring Prophix
Use the copy and paste function or the clone function to duplicate reports that you need to produce. You can create a report that shows monthly data and then very quickly replicate that and change the data to show year to date or previous year data. If you have certain colors that you use in your presentations then you can find and use them in the template studio, you can then use the format button to copy any formatting to another report.
No - we have not done any customization to the interface
No - we have not done any custom code
We have not had any additional configuration or customization for our version of Prophix. We have always found that being able to change the way that we work is easier than ensuring the upgrades to any system take any configuration or customization into account. Prophix do offer that to their customers so that if you are a larger organisation and wish to make everything look more corporate then you can.
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