Perks of End User Engagement with Prophix
April 11, 2024

Perks of End User Engagement with Prophix

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

Overall Satisfaction with Prophix

At this point in time Prophix is being used for Operational Expense budgeting. In doing so we have created a user friendly environment that allows users to login and input their budget data into a Data Entry template. That data is then used for budget to actual analysis throughout the year. This data allows management to make more informed decisions by viewing the data in dynamic and close to real time reporting.
  • Data Integration
  • End User Engagement
  • Reporting and Analytics
  • Implementation Time
  • Additional optionality is dashboard charts and reporting
  • Ability to sort and filter within template studio
  • Less time spent
  • Fewer errors
  • Increased budget accuracy
In the past, we have done generally well while relying on excel for budgeting processes. In this case Prophix has done a great job at engaging end users in the budgeting process with dynamic reports and personalized dashboards. Overall, implementing Prophix took some time but the efficiencies down the road are very apparent.
I was not specifically part of the selection process, but it is my understanding that Prophix's security model played a big part in choosing the platform. Gaining efficiencies from processes that were previously done manually in excel was another driving factor. Additionally, a strong reasoning for choosing Prophix was the end user engagement with dashboards and ease of access to information.

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?

No

Would you buy Prophix again?

Yes

Prophix is very well suited for communication financial information to non-financial parties. With the use of dynamic reporting and dashboards, users are able to seamlessly view their budget data and compare to actuals. Some areas where it is not appropriate is when advanced analytics are dependent on sorting and filtering data, in some cases exporting to excel and running a pivot table is more efficient.

Prophix Feature Ratings

Long-term financial planning
8
Financial budgeting
9
Forecasting
8
Scenario modeling
6
Management reporting
9
Financial data consolidation
5
Journal entries and reports
5
Multi-currency management
5
Intercompany Eliminations
5
Minority Ownership
5
Local and consolidated reporting
5
Detailed Audit Trails
9
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
8
Automated board and financial reporting
8
XBRL support for regulatory filing
5
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
10
Flat file integration
9
Excel data integration
7
Direct links to 3rd-party data sources
7
Customizable dashboards
8
Report Formatting Templates
8
Drill-down analysis
10
Formatting capabilities
7
Report sharing and collaboration
7
Publish to PDF
7
Report Versioning
7
Report Delivery Scheduling
8
Predictive Analytics
5
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
8