Overall rating
4.50 / 5 stars
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 in the 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.
Unified platform
Member properties
Revenue planning
Ad hoc analysis
Profitability analysis
Overall rating
4.50 / 5 stars
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Showing 1 - 20 of 28 reviews
December 2018
Anonymous
Company Size: 1,001-5,000 employees
Review Source: Capterra
Ease-of-use
5 of 5
Value for money
5 of 5
Customer support
5 of 5
Functionality
5 of 5
December 2018
Flexible and Cost Effective
Pros
This software is easy to use and administer and provides all the functionality that we needed for a fraction of the price of some of the other systems. Offers on-prem (with cloud access) or cloud only. Great for planning and consolidating across a distributed organization. Handles multiple locations/currencies/ERP's seamlessly. Ability to establish connection to other systems and run regular imports. We have been able to use this system for our consolidated financial reporting. The DPM module allows us to build out HR Cost projection at a very granular level to increase accuracy and quality of our forecasting and budgeting. It is very flexible and the customer success team is always looking for ways to improve the product and help you utilize it to its full potential.
Cons
The formatting of templates and reports can be a little quirky and there are some limitations with using Excel based formulas but nothing insurmountable.
December 2018
Bobby from Project: WorldWide
Company Size: 1,001-5,000 employees
Review Source: Capterra
Ease-of-use
4 of 5
Value for money
5 of 5
Customer support
5 of 5
Functionality
4 of 5
December 2018
CPM Made Easy
We used to consolidate all of our financials for 20+ agencies using excel and it was a nightmare. After using Prophix we have been able to reduce errors, improve reporting, and be more analytical. The latest commentary functionality allows us to exclusively use Prophix for our forecasting and analytics.
Pros
As a finance employee, I enjoy the freedom of being able to control and maintain Prophix with minimal IT support. We have an on-premise server and I am able to RDP into the system if needed and reset services, modify tables, and update to the latest Prophix version without having to include our IT department. This allows me to quickly diagnosis issues and work more efficiently.
Cons
Report building can be problematic at times, especially when creating large reports with multiple data views.
January 2019
Michael from Hampshire College
Company Size: 201-500 employees
Review Source: Capterra
Ease-of-use
4 of 5
Value for money
5 of 5
Customer support
5 of 5
Functionality
5 of 5
January 2019
Great Product with Excellent Customer Support
My overall experience has been great. They support customers through their Prophix Academy and annual user conference. The monthly webinars are very informative. The staff is always very friendly and easy to work with. We are hoping to bring more processes into Prophix in the future.
Pros
I like the flexibility of this product. You can build any type of report, forecast, calculation, etc. that you want as long as you can feed data to it. I also really like the customer support - they are very helpful and responsive when their's a problem.
Cons
There are some manual activities maintenance activities you need to do. I can navigate it fairly well with the documentations provided.
August 2017
Tiffany from ISTE
Company Size: 11-50 employees
Review Source
Ease-of-use
3 of 5
Value for money
4 of 5
Customer support
4 of 5
Functionality
4 of 5
August 2017
Nice System
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.
December 2018
Anonymous
Company Size: 1,001-5,000 employees
Review Source: Capterra
Ease-of-use
4 of 5
Value for money
5 of 5
Customer support
5 of 5
Functionality
4 of 5
December 2018
Robust and flexible with on-premise deployment option
Pros
Robust framework for Detailed Planning of HR, CAPEX, etc. plus ability to define workflows to support custom business processes in these areas. Also it is built on Microsoft SQL Server stack, which is ideal for our org as our other systems are based on the same and we can set up highly customized integrations using familiar technology.
Cons
Updates for the on-prem deployment are a little cumbersome and involve an uninstall/reinstall, plus editing web config files if you're deploying the web client.
January 2019
Michelle from All Star Directories
Company Size: 51-200 employees
Review Source: Capterra
Ease-of-use
5 of 5
Value for money
5 of 5
Customer support
5 of 5
Functionality
5 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.
November 2015
Chris from Floor and Decor
Ease-of-use
4 of 5
Customer support
4.5 of 5
Functionality
4.5 of 5
November 2015
Help your users help themselves!
Pros
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.
Cons
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.
February 2018
Tiffany from ISTE
Company Size: 51-200 employees
Review Source
Ease-of-use
3 of 5
Value for money
5 of 5
Customer support
3 of 5
Functionality
4 of 5
February 2018
Prophix Power User
Pros
Great for budgeting and forecasting. You can set up different templates to budget and forecast and other users can enter their values. Limits user access to certain areas. Has a personnel planning feature that eases the budgeting process for all wages, taxes, and benefits. Has a good reporting feature and interacts with your accounting software to import info with ease.
Cons
If you need to upgrade or make a large change you have to ask for support from Prophix and they aren't always easy to work with or quick to fix major issues. The reporting feature requires a lot of manual steps to set up new reports. It isn't super user friendly if you don't use it on a regular basis.
November 2015
Steve from Spacesaver Corporation
Ease-of-use
4 of 5
Customer support
4.5 of 5
Functionality
4.5 of 5
November 2015
Awesome CPM tool!
Pros
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.
Cons
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.
January 2019
Barbara from Akwesasne Mohawk Casino Resort
Company Size: 501-1,000 employees
Review Source: Capterra
Ease-of-use
4 of 5
Value for money
4 of 5
Customer support
3 of 5
Functionality
5 of 5
January 2019
Amazing, if you have the time
Pros
The functionality of this program is astounding. Having all of your financial and statistical data easily accessible in one place really makes a difference.
Cons
It takes a considerable amount of time to learn how to manage certain aspects of the program.
January 2019
Anonymous
Company Size: 1,001-5,000 employees
Review Source: Capterra
Ease-of-use
5 of 5
Value for money
5 of 5
Customer support
5 of 5
Functionality
5 of 5
January 2019
Prophix Review
One-source place for data. Budgeting/forecasting and financial statements
Pros
The software is flexible. Allows you to have multiple versions and multiple cubes
Cons
Sometimes the software is slow in generating reports
January 2019
Parveen from CBC of Central Florida
Company Size: 201-500 employees
Review Source: Capterra
Ease-of-use
4 of 5
Value for money
4 of 5
Customer support
3 of 5
Functionality
4 of 5
January 2019
Prophix
Good with minor hiccups.
Pros
The software is user-friendly and has many features
Cons
Technical help is not always available but when they are they are supportive.
December 2017
Anonymous
Company Size: 201-500 employees
Review Source: Capterra
Ease-of-use
3 of 5
Value for money
4 of 5
Customer support
5 of 5
Functionality
4 of 5
December 2017
Prophix for Budgeting
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.
December 2018
Tim from StarTek Inc
Company Size: 10,000+ employees
Review Source: Capterra
Ease-of-use
5 of 5
Value for money
5 of 5
Customer support
5 of 5
Functionality
5 of 5
December 2018
Easy to use, easy to administer, easy to configure
Easy administration of Income Statement mapping from an otherwise onerous GL system.
Pros
Software is great to work with - very user friendly administration portal. Templates make for great re-use of information, with easy changes to named-sets (variables).
Cons
Nothing - great system - the more you maintain it, the more you can get out of it.
July 2018
Michael from Presbyterian SeniorCare
Company Size: 1,001-5,000 employees
Review Source: Capterra
Ease-of-use
5 of 5
Value for money
5 of 5
Customer support
5 of 5
Functionality
5 of 5
July 2018
Early implementer but so far the Prophix team has been there every step of the way.
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.
January 2019
Larry from FibroGen, Inc.
Company Size: 201-500 employees
Review Source: Capterra
Ease-of-use
5 of 5
Functionality
5 of 5
January 2019
12YearProphix User_Review
Budget Planning and Analysis
Pros
Ease of use.
Little learning curve.
Stable and reliable.
Cons
Licensing and User Roles is confusing for users.
January 2019
Tom from Skanska
Company Size: 10,000+ employees
Review Source: Capterra
Ease-of-use
5 of 5
Value for money
4 of 5
Customer support
4 of 5
Functionality
4 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
August 2017
Harshit from PWC
Company Size: 10,000+ employees
Review Source
Ease-of-use
4 of 5
Value for money
4 of 5
Customer support
4 of 5
Functionality
4 of 5
August 2017
Good analytical software
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
April 2016
Kit from Forrest T Jones
Review Source: Capterra
Ease-of-use
4 of 5
Customer support
5 of 5
April 2016
Good product, room for improvement
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.
January 2019
Meaghan from BV
Company Size: 201-500 employees
Review Source: Capterra
Ease-of-use
5 of 5
Value for money
5 of 5
Customer support
5 of 5
Functionality
5 of 5
January 2019
Great Customer Service
Pros
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.
Cons
There are no cons with Prophix Software.