Recommend Prophix with CSP
June 30, 2025

Recommend Prophix with CSP

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Prophix

We use Prophix for our financial packages, budgeting, forecasting, and ad-hoc needs. We have been a customer for nine years and have been a beta tester for several occasions. Considering our diverse business, it makes us unique and helps Prophix build better products and provides excellent service. Our primary use of Prophix is for budget and forecasting. I would say Prophix is excellent at this. We are able to budget/forecast on the businesses leaf leaves and provide better insight into the numbers. This allows our business owners to make better and faster business decisions.

Pros

  • CSP
  • Budgeting
  • Forecasting

Cons

  • More template capabilities like excel
  • Processing power
  • Change licensing capabilities
  • Went from budgeting in Excel to 5 P&Ls to implementing Prophix and growing the P&L count to 30+
  • Able to make decisions during Covid to pivot and have positive operating profit compared to our competitors
  • Budget on the lowest GL level for over 200+ P&Ls today
During implementation, it was easy to take our Excel budget and build it in Prophix. As well as allowing us to create simple templates for budget and forecasting for our end users.
I've just recently evaluated FloQast and was very intrigued with their product. Overall review is they don't have a budget/forecasting tool. This is a main piece of our business and doesn't hold up against 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?

Yes

Did implementation of Prophix go as expected?

Yes

Would you buy Prophix again?

Yes

I can't recall a time where I've needed assistance and my CSP contact hasn't answered or delivered in getting me in contact with someone to answer my questions. On the flip side, anything back office, seems to get faster resolutions.

Prophix Feature Ratings

8.0
Long-term financial planning
9
Financial budgeting
9
Forecasting
8
Scenario modeling
7
Management reporting
7
5.4
Financial data consolidation
6
Journal entries and reports
5
Multi-currency management
6
Intercompany Eliminations
6
Minority Ownership
5
Local and consolidated reporting
5
Detailed Audit Trails
5
6.6
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
4
XBRL support for regulatory filing
5
6.2
Personalized dashboards
6
Color-coded scorecards
7
KPIs
7
Cost and profitability analysis
6
Key Performance Indicator setting
6
Benchmarking with external data
5
6.3
Flat file integration
8
Excel data integration
6
Direct links to 3rd-party data sources
5
6.0
Pixel Perfect reports
5
Customizable dashboards
5
Report Formatting Templates
8
7.0
Drill-down analysis
8
Formatting capabilities
8
Report sharing and collaboration
5
5.7
Publish to PDF
9
Report Versioning
4
Report Delivery Scheduling
4
7.0
Predictive Analytics
7
6.5
Multi-User Support (named login)
5
Role-Based Security Model
6
Multiple Access Permission Levels (Create, Read, Delete)
7
Report-Level Access Control
8
7.0
Responsive Design for Web Access
7

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