Prophix is the BEST!
January 05, 2024

Prophix is the BEST!

Thomas Scott, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

We use Prophix to consolidate financial data from several locations each currently on different ERP systems. We heavily rely on Prophix for reports within their platform but also use their excel add-on (analyzer) to create custom reports in excel. It has been great! The reporting and functionality can be tailored to our exact needs. We also use their workflows and report binders to help guide out month-end close process and automatically send out reports.
  • Consolidate trial balances with multiple currencies
  • Dynamic reporting capabilities in Prophix and in excel
  • Workflows and Report Binders
  • Financial Planning with their Detail Personnel Manager and CAPEX modules
  • Recommended dashboards
  • Improve excel formulas; they can be difficult to remember what dimensions go where in the formula
  • Faster month-end closes
  • Easier to budget & forecast
We use to have a million tab excel file that consolidated trial balances, converted the currencies, and eliminated intercompany balances. It was prone to errors and was never correct. Prophix helped make those steps easy and we close the books with confidence now. I highly recommend.
Price, functionality, and service were major factoring for us when deciding on which platform to use.

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

Consolidations, reporting, dashboards, and planning are all great tools. They bring everything together into one system. It would be great to see some balance sheet reconciliation tools added as your trial balance data is already in the system. I love the ERP integration as well. Data is uploaded to Prophix at your desired interval.

Prophix Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Management reporting
9
Financial data consolidation
10
Multi-currency management
10
Intercompany Eliminations
10
Local and consolidated reporting
10
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
Personalized dashboards
8
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
10
Key Performance Indicator setting
8
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Customizable dashboards
10
Report Formatting Templates
10
Drill-down analysis
10
Formatting capabilities
10
Report sharing and collaboration
10
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
10
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