Prophix: Great for those wanting to go web-based, but not intuitive integration with O365.
February 12, 2025

Prophix: Great for those wanting to go web-based, but not intuitive integration with O365.

Anonymous | TrustRadius Reviewer
Score 5 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

We use Prophix for our budgeting and reporting software within our FP&A group. This addresses our need to provide insightful reporting to our management teams and our board/investors. We also use Prophix for limited capital planning and for some headcount reporting features. We leverage Prophix's ad-hoc feature quite often to drill in on specific pieces of data that aren't shown in our regular reporting especially if someone has a very particular question.

Pros

  • Scales with business.
  • Easy to use/modern web interface.
  • Great customer service/technical support.

Cons

  • Hard to use web-based Template Studio.
  • Lack of easy PowerPoint integration.
  • No ability to build a hierarchy on account structure.
  • Prophix has made it possible to move away from some Excel reporting we were doing, which allows for 50% quicker reporting on a monthly basis.
  • Although it has saved us time, an improved PowerPoint feature that automatically updates our decks would save an additional 75% on top of what we already do.
  • Our Board Reporting has improved by 10 hours by moving our reports fully into Prophix.
We haven't found it intuitive to do all of our budgeting/forecasting directly within Prophix. We still rely heavily on our Excel templates and models to budget, and then we upload that into Prophix, which houses our data and aggregates it into reports. It feels very redundant, and we think that Prophix really hasn't helped us switch away from Excel.

Do you think Prophix delivers good value for the price?

No

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?

No

Prophix is great for companies that want to get on a web-based FPA solution (i.e., use all web-based features for template building, budgeting, data loading, etc.). This isn't an excellent option for FPA teams who want to continue to work in Excel and leverage all the functionality that Excel offers.

Prophix Feature Ratings

6.0
Long-term financial planning
6
Financial budgeting
6
Forecasting
6
Scenario modeling
5
Management reporting
7
5.0
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
7
Detailed Audit Trails
3
5.0
Financial Statement Reporting
7
Management Reporting
7
Excel-based Reporting
4
Automated board and financial reporting
2
XBRL support for regulatory filing
Not Rated
5.5
Personalized dashboards
7
Color-coded scorecards
6
KPIs
5
Cost and profitability analysis
4
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
4.7
Flat file integration
8
Excel data integration
3
Direct links to 3rd-party data sources
3
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
5.7
Drill-down analysis
7
Formatting capabilities
5
Report sharing and collaboration
5
6.0
Publish to PDF
7
Report Versioning
4
Report Delivery Scheduling
7
2.0
Predictive Analytics
2
9.0
Multi-User Support (named login)
9
Role-Based Security Model
9
Multiple Access Permission Levels (Create, Read, Delete)
9
Report-Level Access Control
9
Not Rated
Responsive Design for Web Access
Not Rated

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