Budgeting Game Changer
November 28, 2023

Budgeting Game Changer

Emily Bowling | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

We implemented Prophix to help with the roll up issue of too many excel worksheets during budget season. It was a game changer to our day to day budgeting processes. We continue to add additional reporting, data sources and labor information to continue to grow with our day to day use.
  • Data Roll Up within multiple companies/departments
  • Workflow Management for Regular or Seasonal Tasks
  • Budget building
  • The dashboard functionality is very elementary.
  • Stock reporting to help get things going would be helpful.
  • Streamlined budgeting is our biggest win. With 67 excel sheets having to be tied out, budget consolidation at the end of data entry was always a massive multi day undertaking. We can now with confidence submit budgets to Sr. Leadership and Ownership with no fear of missing data.
As mentioned several times, the budget feature is what sold us. The next growth step for us is getting forecasting into Prophix in a logical way that makes sense to all end users.

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

Workday seems as though it had similar features, price point was much higher. We selected Prophix because we had it many years ago before the cloud and several new features.
Prophix has saved our accounting team hours of data checking from when we used to use Excel. The budget piece alone is worth every bit of having the software. But the ability to continue to grow into it is also huge.

Prophix Feature Ratings

Long-term financial planning
Not Rated
Financial budgeting
10
Forecasting
6
Scenario modeling
Not Rated
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
Not Rated
Management Reporting
Not Rated
Excel-based Reporting
Not Rated
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
5
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
7
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
5
Report sharing and collaboration
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
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
Not Rated