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best for

  • Accounting
  • Best For All Business Sizes
  • Supports Multiple Platforms

what reviewers say

  • Great value for money
  • Great ease of use
  • Great functionality
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What is Prophix?

Prophix is a financial management solution used for financial consolidation, budgeting, analysis, planning and management reporting. The solution provides a spreadsheet-style interface that helps users to analyze financial data and organize information. Prophix can be deployed both cloud and on-premises and is suitable for a range of industries such as financial services, construction, government, and utilities. Prophix lets users manage information such as budgeting requirements, cash flow, balance sheets and income statements. Data analysis tools are also available. The solution supports both non-financial and financial budgeting, including top down, bottom up, zero-based and activity-based methodologies. The solution offers multiple modeling options for for... read more

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User Review Highlights

4.55

71 Reviews

5
39
4
31
3
1
2
0
1
0
4.5

Ease-of-use

out of 5
4.5

Customer Support

out of 5
4.5

Value for money

out of 5
4.5

Functionality

out of 5
  • icon"The interface is very user friendly. It has a ton of options but is not overwhelming and it's easy for someone with minimal training to use."
  • icon"The experienced Prophix consultants are a pleasure to work with and very knowledgeable."
  • icon"The software is easy to use and visually outstanding. The Prophix consultants were patient and supremely knowledgeable, personalizing and customizing the software to our company’s needs."
  • icon"Still new to the software, so i have no major issues yet that aren't attributable to end user error."
  • icon"It’s hard for users that didn’t sit through implementation to learn it. Whereas it’s very intuitive for me."
  • icon"Our current lack of being able to connect with our current ERP."

Read user reviews

Which features does Prophix offer?

Core features:

"What If" ScenariosAccess Controls/PermissionsAccounts PayableAccounts ReceivableActivity DashboardAd hoc AnalysisAd hoc ReportingAsset Lifecycle ManagementAudit TrailBudgeting/ForecastingShow more features +

People who reviewed this software give it a 4.5 star rating for functionality.

How easy is Prophix to use and deploy?

Prophix supports all deployment options, including: Cloud, SaaS, Web-based, iPhone, iPad, Android, Windows, Linux, Windows, Mac.

People who reviewed this software give it a 4.5 star rating for ease-of-use.

What do verified users say about Prophix

4.55/5 out of 71 Reviews

Showing 1 - 5 of 71 reviews

User Profile

Michelle

Verified reviewer

Company size: 51-200 employees

Industry: Internet

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

January 2019

Prophix Saves us Time and Money

It is far superior than any other software I have used for reporting. Prophix makes everything we use it for easier and faster. The support team is easy to work with.

Pros

Prophix saves our team multiple days of work every month and multiple days during budgeting and planning every year. We have improved reporting and analysis. We can pull data from several sources and consolidate in one place.

Cons

Graphing capabilities, but they have communicated that it is in the product roadmap.

Ben

Company size: 51-200 employees

Industry: Financial Services

Time used: Less than 12 months

Review Source: Capterra

This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
4

Ease-of-use

out of 5
5

Value for money

out of 5
3

Customer support

out of 5
4

Functionality

out of 5

July 2021

Useful Software at a Great Price

We have automated and standardized our management and board reporting as well as our forecasting and budgeting. The Prophix system has helped us save employee time, reduce reporting cycle time, and improve our reporting accuracy.

Pros

I like how the software keeps one database of our financial results so there isn't any uncertainty about the correct numbers. The implementation process and team was great. It is really helpful that an integration was set up that loads our numbers daily from our general ledger system. Prophix has a lot of functionality for reporting. It can be customized in many ways.

Cons

Something that could improve the software is to have more standard reporting and forecasting templates pre-built so everything doesn't have to be created from scratch. The formatting when building reports is more work than I wished it would be. One thing I wished Prophix did better is to provide responsive customer service when an emergency need occurs. Their service model is built on scheduling resources and can involve a day or more wait to get help when an immediate need arises.

Reasons for choosing Prophix

We felt like the Prophix system provided the best combination of functionality, customer service, and value.

Reasons for switching to Prophix

We made the switch to because faster, more efficient, more accurate and to provide capacity for growth.

Tom

Company size: 10,000+ employees

Industry: Construction

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
5

Ease-of-use

out of 5
4

Value for money

out of 5
4

Customer support

out of 5
4

Functionality

out of 5

January 2019

Construction review

it met all of our needs and is a great software

Pros

its very flexible and provided what we needed

Cons

sometimes it can be a little slow and has crashed in the past

Elizabeth

Company size: 1,001-5,000 employees

Industry: Food & Beverages

Time used: Less than 2 years

Review Source: Capterra

5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

January 2022

Love Prophix

I have been using Prophix for a little under a year and have enjoyed it more than other systems I have used in the past.

Pros

We love the ease of creating the month end financial statements, ad hoc statements, and yearly budgeting process.

Cons

The process of moving from the on prem to cloud version was rough but Prophix was there to answer all our questions and resolve all issues so we are up and running now.

Reasons for choosing Prophix

I wasnt with the company when this decision was made

Amanda

Company size: 1,001-5,000 employees

Industry: Insurance

Time used: Less than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
4

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

December 2019

Plethora of Options

Prophix is the best planning and expense analysis software I have seen. It has allowed me to streamline so many processes. This company also provides excellent training so that we have the ability to control the software and create whatever is needed. The consultants are knowledgeable and have helped us to customize the system to our company.

Pros

The Prophix Software is very versatile, starting with it creating a web-based platform. This was important for our company and allows the software to be updated quarterly without issue. We are able to use Prophix for Expense tracking, Expense and Capital planning, reforecasting, Compensation planning, Project tracking, Expense allocation, GAAP PLOB reporting, and still have several more tasks to implement through Prophix. The data can be sliced and diced many ways, and each user is able to do it however they like. It is easy to create or run existing reports. We have made many of our processes more efficient, and Prophix has allowed us to save more time than you can imagine. The software is easy to use and visually outstanding. The Prophix consultants were patient and supremely knowledgeable, personalizing and customizing the software to our company’s needs.

Cons

There are so many options within Prophix that at times, it can be overwhelming. I think it’s necessary to have a few Admin to create reports and assist users, so that the users do not have to know how to use everything.

Reasons for choosing Prophix

Usability, consultant knowledge, customized demos, price

Reasons for switching to Prophix

The budgeting process with BPC was choppy and unstable. We lost our budget input data several times without even being in the system. It was difficult to train users on and the time to update and save the budget sheets was incredibly painful. The BPC consultants promised us a customized software package and then left us hanging with a useless product.

Showing 1 - 5 of 71 reviews

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