Prophix... Worth It!
February 13, 2024

Prophix... Worth It!

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

The main reason I use Prophix is for building financial reports and consolidation headcount data. This software makes it extremely easy for me to get specific data points out to various stakeholders, as well as a quick and easy way for me to view financial stability in our market. The dashboards have been a very helpful tool for checking statuses.
  • Report customization
  • Easy to use interface
  • Support
  • Within the Template studio, great ability for customization would be nice.
  • DPM schedule inputs have been reported hard to use.
  • Greater flexibility with dashboarding.
  • Streamline budgeting
  • Streamlined report delivery process
  • FX integration
Prophix has taken a lot of our work in the FP&A department and switch it from Excel to Prophix. It has made it extremely easy to produce P&L statements as well as Balance Sheet statements. There is no longer time spent on aggregating data from many people across the world (Global business) to populate a single excel sheet and have that sheet be useless a month or two later. All of the data is brought together by Prophix.

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?

I wasn't involved with the implementation phase

Would you buy Prophix again?

Yes

A scenario where is it well suited is during month end. The ability to drill across into SAP to see direct journal entries, makes variance analysis easier to complete in a timely fashion. A scenario where it is not suitable is be able to filter between various cost centers or a specific group of cost centers (non-alternate hierarchy) within a dashboard or report.

Prophix Feature Ratings

Long-term financial planning
9
Financial budgeting
10
Forecasting
10
Scenario modeling
8
Management reporting
9
Financial data consolidation
8
Journal entries and reports
8
Multi-currency management
9
Intercompany Eliminations
7
Local and consolidated reporting
8
Detailed Audit Trails
8
Financial Statement Reporting
9
Management Reporting
10
Automated board and financial reporting
8
Personalized dashboards
9
Color-coded scorecards
8
KPIs
5
Cost and profitability analysis
8
Key Performance Indicator setting
5
Benchmarking with external data
8
Flat file integration
8
Excel data integration
10
Direct links to 3rd-party data sources
8
Customizable dashboards
8
Report Formatting Templates
8
Drill-down analysis
10
Formatting capabilities
9
Report sharing and collaboration
8
Publish to PDF
9
Report Versioning
7
Report Delivery Scheduling
8
Predictive Analytics
8
Multi-User Support (named login)
9
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
9
Report-Level Access Control
10