Prophix Software


 

Prophix is a multi-user financial software application, used for financial consolidation, budgeting, analysis, planning and management reporting. The solution provides a spreadsheet type interface familiarity along with additional benefits to manage data and handle multiple users. Its data and financial analysis tools help bring the accountability back into the process, thus giving external and internal stakeholders the access to critical information.

Prophix provides company-specific budgeting requirements such as cash flow, balance sheet and income statement for accurate and timely data analysis and management. The solution supports all the major types of non-financial and financial budgeting such as top down, bottom up, zero-based and activity-based. 

This system offers several modeling options for accurate forecasting, such as inter-period forecasts, what-if analysis and rolling forecasts. It also provides personnel modules for calculating personnel information, such as salary, medical expenses and tax calculations.

Prophix can be deployed both in the cloud and on-premise, and is suitable for a wide range of industries, such as financial services, construction, education, engineering, government, software and utilities.

 

Prophix - Unified platform
 
  • Prophix - Unified platform
    Unified platform
  • Prophix - Member properties
    Member properties
  • Prophix - Revenue planning
    Revenue planning
  • Prophix - Ad hoc analysis
    Ad hoc analysis
  • Prophix - Profitability analysis
    Profitability analysis
Supported Operating System(s):
Windows 7, Windows Vista, Windows XP, Web browser (OS agnostic), Windows 2000, Windows 8

2 Reviews of Prophix

Showing 1-2 of 2

 

from Floor and Decor
Specialty: Retail

Help your users help themselves!

Ease-of-use

Functionality

Product Quality

Customer Support

Ease-of-use
Ease-of-use
Functionality
Functionality
Product Quality
Quality
Support
Likes Best

Prophix is a great software that is very multifunctional. You can use it for many different applications and design it to be as complicated or simple as your needs dictate. Our installation uses a function labeled Relational Data Views and allows users to drill into a total on a P&L and view the transactions from the GL system that make up the balance. This frees up Accounting from answering simple questions and allows the users to contact us less frequently.

Likes Least

Prophix does a great job on listening to users. We have located minor issues\bugs in the past but they are receptive to feedback. They also have a feedback forum for enhancement requests and users get to vote on each other’s ideas.

Recommendations

Pay attention to the amount of IT resources that are required for the different vendors. Most aspects of Prophix are maintained by an admin in the finance department which works well in our company.

 
 

from Spacesaver Corporation
Specialty: Manufacturing

Awesome CPM tool!

Ease-of-use

Functionality

Product Quality

Customer Support

Ease-of-use
Ease-of-use
Functionality
Functionality
Product Quality
Quality
Support
Likes Best

I like the simplicity that Prophix brings to its software. Building on OLAP cube technology, data can be sliced and diced as much as you like. They have an outstanding product feedback function, where users can request enhancements to the tool. In fact, many of the enhancements are customer driven. Total cost of ownership is low, including initial price point.

Likes Least

There isn't much I don't like about the software - the full control that the Finance team exhibits on the software keeps frustrations to a minimum.

Recommendations

Do your homework - make sure that the finance department maintains control of the software and programming. Some tools need IT resources to program reports and analyze data - that was not something I was interested in.

 
 
 
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