Improve your end user satisfaction with Prophix and provide meaningful reports quicker to management.
October 27, 2023

Improve your end user satisfaction with Prophix and provide meaningful reports quicker to management.

Leszek ( Lester ) Walkowicz | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

We use it for annual budgeting process. We mainly were looking for a new product to make it easier for end users to go through the planning process. We wanted a robust simple to use tool and we felt like Prophix was a great fit.
We also use it for monthly financial reports to management. Monthly reporting to the board.
We have now started to look into the new functionality of Predictive Forecasting. It is still in early stages but it has great potential.
Prophix also gave us the ability to analyze data much quicker. Ad hoc functionality is a great tool for slicing and dicing data.
  • Integrates with Sage X3
  • Workflow functionality
  • Quick reporting of data without any lag in time
  • Provides tools to create many custom reports
  • Editing functionality of charts and graphs in dashboard
  • Ability to process higher combinations of data in Predictive Forecasting
  • Much faster analysis of submitted budget
  • Helped us turnaround the monthly reports to management and board almost immediately after close.
  • End of year reporting and analysis to make adjustemnts
  • Ability to create custom reporting for different entities and lines of business that might not follow the same account/program structure then parent company.
It has provided a tremendous help if it comes to the transition away from excel. Excel process was a long inefficient way and prone to errors. Prophix has helped us increase the end user satisfaction to where we constantly hear how easy to use and robust it is.
At the same time it provided the ability for finance to put together results of submitted data at a faster rate. We can analyze and make changes on a fly, where with excel it took hours if not days to complete the same task.

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 compared Prophix with Board and Adaptive Planning. Prophix seemed to be much more user friendly when compared to Board. It was just a more robust product.
It did stack very well with Workday Adaptive Planning, but what set them apart was that Prophix has a great relationship and integration processes with the financial tool we used in Sage X3.
Prophix is a great tool and perfectly suited for planning and forecasting. It provides many tools to create templates, scenarios and different workflows to accomplish a successful planning/forecasting process. It is great for reporting financials. You have a great tool to create/edit custom reports for any user in the company. It also provides the tools to share consolidated reporting for users, for example a division manager might want to look at the individual departments and a division roll up. All of it can be automatically distributed from Prophix. Prophix is great at providing the ability to slice and dice or analyze data that is within the cube.

Prophix Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
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
10
Automated board and financial reporting
9
XBRL support for regulatory filing
Not Rated
Personalized dashboards
9
Color-coded scorecards
9
KPIs
9
Cost and profitability analysis
9
Key Performance Indicator setting
9
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
Drill-down analysis
10
Formatting capabilities
10
Report sharing and collaboration
10
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
9
Predictive Analytics
10
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
Not Rated