Our Prophix Solution
June 12, 2025

Our Prophix Solution

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

Overall Satisfaction with Prophix

1. Prophix is used for budgeting the entire company.
2. Forecasting is done
3. Periodic reforecasting is done
4. Proforma statements are derived

A huge win from Prophix is use of many scenarios to drive insight into effect of market fluctuations and more current information to update proforma income statements. The highest levels of the company are involved.

Pros

  • dashboarding is amazing enabling not only charting but financial statements as well
  • scenario use enables what if's which are particularly useful in a volatile environment.
  • connectivity between us and consulting team is very well done and quite important to us

Cons

  • currently, the publish process takes too long and locks users out
  • inability to sum totals easily when using alternate hierarchies
  • lack of ability to drill down to the document level (from ERP)
  • The main benefit thus far is saving user labor and achieving better accuracy than while working in Excel
  • The cost of the software was deemed to be significantly higher than the cost of the software from other vendors.
We have been able to transition many elements of our financial workbooks into Prophix. Consulting and Academy are the main sources of Prophix support that enables us to "leave" Excel and solely use Prophix.
Prophix was chosen because it appeared nimble and easy to use. In contrast, it was more affordable than the other solutions we looked at.

Do you think Prophix delivers good value for the price?

Not sure

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?

No

Would you buy Prophix again?

Yes

Prophix is well suited to offering templates for user input.

Troubleshooting DPM is not easy or intuitive.

Prophix Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
7.0
Detailed Audit Trails
7
9.8
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
9
9.7
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
8
10.0
Excel data integration
10
Direct links to 3rd-party data sources
10
10.0
Customizable dashboards
10
Report Formatting Templates
10
8.0
Drill-down analysis
8
Formatting capabilities
8
Report sharing and collaboration
8
8.3
Publish to PDF
8
Report Versioning
10
Report Delivery Scheduling
7
7.0
Predictive Analytics
7
7.8
Multi-User Support (named login)
7
Role-Based Security Model
8
Multiple Access Permission Levels (Create, Read, Delete)
8
Report-Level Access Control
8
8.0
Responsive Design for Web Access
8

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