Prophix Software


 

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 forecasting such as inter-period forecasts, “‘what-if” analysis and rolling forecasts. It also provides modules for saving personnel records, such as salary, medical expenses and tax calculations.

Support is offered via phone and email.

 

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

16 Reviews of Prophix

 

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Software Advice Reviews (4)
More Reviews (12)

Showing 1-4 of 4

Tiffany from ISTE
Specialty: Non-Profit
Number of employees: 11-50 employees Employees number: 11-50 employees

August 2017

August 2017

Nice System

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Prophix is a great system for organizing all of the financial information in a useful manner. It allows for easy manipulation of reports and viewing various different areas in a very quick time period. It's great for allowing all to budget on their own specific areas and have it all roll up into one. It also allows easy personnel planning.

Cons

Prophix isn't as user friendly for non-financial individuals. I have received a lot of feedback internally that it isn't an easy system to use or understand. It does not export cleanly to excel which requires additional effort in excel to make the data useable.

Review Source
 
 

Harshit from PWC
Specialty: Accounting / CPA
Number of employees: 10,000+ employees Employees number: 10,000+ employees

August 2017

August 2017

Good analytical software

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

compatible with microsoft sql & analytical products like Excel, PPT
Capable of running high frequency ratios/metrics

Cons

on sql server or flat files data can be integrated into the software for analytical purposes
Small scale system, still needs to be enhanced further

Review Source
 
 

Chris from Floor and Decor
Specialty: Retail

November 2015

November 2015

Help your users help themselves!

Ease-of-use

Functionality

Product Quality

Customer 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.

 
 

Steve from Spacesaver Corporation
Specialty: Manufacturing

November 2015

November 2015

Awesome CPM tool!

Ease-of-use

Functionality

Product Quality

Customer 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.

 
 
 
Showing 1-12 of 12

Michael from Presbyterian SeniorCare
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

July 2018

July 2018

Early implementer but so far the Prophix team has been there every step of the way.

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

This was a welcome replacement of two separate unsupported software packages.

Pros

I really like the flexibility and ability to get all of our financial reporting, budgeting, KPI data on one platform.

Cons

Still new to the software, so i have no major issues yet that aren't attributable to end user error.

Review Source: Capterra
 


December 2017

December 2017

Prophix for Budgeting

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Great price and the Helpdesk has been prompt and wonderful every time I have needed them. Dynamic information and ability to drill to specified levels of information. I think if we had a full team or at least an employee who's full time job was to manage and maintain this system it would be great.

Pros

It is dynamic and multidimensional, as someone who uses it regularly with IT experience, I find it to be a good tool. I like that we can add comments and Line item details to our Budgets and flow information through our versions if need be.

Cons

Many of our managers do not use our system regularly since the Product can be a little confusing for end users that are not in the IT or accounting world. Sales Managers find it difficult to remember what steps/versions they should be using. Also, it looks similar to Excel but the screen is smaller and the system has many quirks when trying to build templates, especially when involving formulas.

Review Source: Capterra
 

Colin from Winnipeg Airports Authority

October 2016

October 2016

Prophix Business Performance Management

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Ease-of-use
Usability
Functionality
Functionality
Product Quality
Quality
Value for Money
Value
Support

Prophix Business Performance Management is allowing us to track the performance of our company in real time, everything flows through to the end user and reports and can be viewed to assess where were are for the month.

Review Source: Capterra
 

Barbara from Akwesasne Mohawk Casino Resort

April 2016

April 2016

So much potential

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

The program has so much potential, but it's difficult to learn how to harness it. Trial and error has been our method so far, which has helped tremendously in the learning process, but is very time consuming. The customer service line seems to only have 4 people working it and has not been very helpful. Overall it's a great product if you have the resources and time to put into it.

Review Source: Capterra
 

Sylvia from Ameriquest

April 2016

April 2016

Budgeting was very easy to work with and learn, especially compared to managing many many excel spre

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

It definitely has a learning curve but it's a great program to use once you understand it. I cannot wait until we implement more into our program. Teaching new users to use the program is great, this was my first program where I lead the training and I was quite comfortable presenting due to the ease of accessibility of information.

Review Source: Capterra
 

Kit from Forrest T Jones

April 2016

April 2016

Good product, room for improvement

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

Product concepts are great. Detailed planning module is separate from budget module which creates good security for segregation of duties. I have been using Prophix for budgeting since Priphix Enterprise. However, software displays are not very user friendly. It's difficult for users who take part in budget once or twice a year to remember the icond that lead to different views and functionality. I have got too many user requests to be re-trained every year. So I decided to distribute template in Excel then upload back to Prophix.

Review Source: Capterra
 

Cheryl from Gatan

April 2016

April 2016

Revenue Reporting and Planning, Financial Reporring and Planning

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

It can do anything to need it to, there's always a way!

Review Source: Capterra
 

Colin from Winnipeg airports authority

April 2016

April 2016

New user

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

So far so good, we are yet to go live but look forward to using prophix.

Review Source: Capterra
 

Liusik from Asociacion Popular de Ahorros y Préstamos

April 2016

April 2016

Very easy tool

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

Making templates and reports are too easy. We can see quikly all data to make decisions on accurately

Review Source: Capterra
 

Catherine from Private Advisors LLC

April 2016

April 2016

Full budgeting solution

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

Prophix allows detailed budgeting through DPM, line item details, and flexible templates. Would prefer better drill down from company summary to cube values for reports.

Review Source: Capterra
 

Connie from EPB

April 2016

April 2016

Can't imagine a better way to prepare a budget approx 50 depts & 3 funds

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

Pros are assimulating data efficiently & timely for multiple depts & funds

Cons: when deleting line item details for current year, it deletes prior year details.

Review Source: Capterra
 

lori from county of simcoe

April 2016

April 2016

Easy to use, fully integrated into our actuals

Ease-of-use

Product Quality

Customer Support

Ease-of-use
Usability
Product Quality
Quality
Support

easy to use, lots of opportunity to rearrange data. Formatting abilities sometimes limited, lots of versions required for variances.

Review Source: Capterra