Prophix Supporter
September 01, 2023

Prophix Supporter

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

Overall Satisfaction with Prophix

We use Prophix to prepare our month end finacial package, to create our annual budget, maintain dash boards, and assist with month end account reconciliations. The system has allowed us to stream line the consolidation of three operating entities and eliminate re-keying information into Excel. We rely on it heavily now and there are more potential uses cases that exist. After 2 years of use we are happy with our purchase look forward to utilizing more of the systems untapped potential.
  • Financial statements
  • Projecting costs / revenues
  • Budgeting
  • Dashboards
  • Report Distribution to non Prophix users
  • Better use case examples/support on the variety of automated processes
  • Cost is higher then other similar products
  • Streamlined budget prep
  • Streamline month end Board reporting package
We did not have a budget process before Prohix. It allowed us to build one fairly quickly. Year one we worked with an implementation consultant and year 2 we were able to tweak the process and run it ourselves. We have run 3 different budget scenarios which were all presented and approved by our board of directors.

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

I think if anyone is still spending time manipulated data in excel in order to prepare financial statements, (including statement of cash flows) they should do a cost benefit analysis. The system allows for set and forget formats including standard finacial ratios/KPI's. Once the finacial model is implemented you can move onto to job cost/WIP, equipment and personnel planning and modeling.

Prophix Feature Ratings

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