About Prophix
Prophix is a corporate performance management (CPM) software which allows organizations to automate and integrate their planning, budgeting, forecasting, financial consolidation, and reporting activities on a single platform. The platform harnesses data for richer, more relevant analysis, while improving operational efficiencies and providing visibility into all levels of the organization.
Prophix enables organizations to automate their budget submission and review process with improved accuracy by pulling data directly from the G/L (general ledger). Users can get a true depiction of personnel costs by employee and by department for planning purposes and automate important calculations. Prophix helps identify revenue trends and enables users to create alternative scenarios to determine the best courses of action. Additional planning capabilities include cash flow planning, capital expense planning, and integrated financial planning.
The solution includes self-serve dashboards and visualizations that integrate directly into data. Users can measure and monitor performance, as well as create reports and charts to drill into detailed data. Visual and tabular navigation features allow users to surface key data and insights more intuitively. Profitability analysis helps organizations discover which products, channels, services, or customers should be maintained, adjusted or discontinued.
Prophix automates repetitive business processes such as allocations, data imports, consolidation, and currency conversion and ensures that organizations adhere to applicable standards and policies. The platform integrates with data directly from multiple sources using built-in account mapping features. Workflow and collaboration features allow users to assign tasks and facilitate approvals from stakeholders.
Pricing starting from:
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Key benefits of Prophix
Devices
Business size
Markets
Supported Languages
Pricing starting from:
N/A
- Free Trial
- Subscription
Compare with Popular Alternatives
Images

Features
Total features of Prophix: 11
- Activity Dashboard
- Ad hoc Reporting
- Alerts / Escalation
- Automated Scheduling
- Forecasting
- Profitability Analysis
- Project Budgeting
- Reporting & Statistics
- Sales Reporting
- Visual Analytics
- Workflow Management
Alternatives
Asana
monday.com
QuickBooks Online Advanced
Odoo
Reviews
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- Industry: Hospital & Health Care
- Company size: 1 001-5 000 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Flexible CPM software that provides excellent variance analysis
Reviewed on 2020/09/09
Prophix has helped us to save time in our budgeting and month end.
Prophix has helped us to save time in our budgeting and month end.
Pros
We love the budgeting aspect of Prophix. We are able to have more cross functional support and accountability.
Cons
The thing that I like least about the software is end user engagement. It's always difficult to get them interested in the software beyond budgeting.
- Industry: Insurance
- Company size: 1 001-5 000 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Plethora of Options
Reviewed on 2019/12/30
Prophix is the best planning and expense analysis software I have seen. It has allowed me to...
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.
- Industry: Marketing & Advertising
- Company size: 1 001-5 000 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Flexible and easy to adminster CPM
Reviewed on 2021/01/22
Budgeting, forecasting, reporting and consolidation across global user base. We have several...
Budgeting, forecasting, reporting and consolidation across global user base. We have several systems across multiple entities and we utilize Prophix to consolidate and report out of at the global level.
Pros
Our experience with Prophix has been very favorable. We were looking for a tool to centralize our global financial reporting and planning functions and Prophix allowed us to accomplish this at a very reasonable cost vs other applications that were under consideration. The interface is intuitive and easy for end users to complete the required tasks. The web client satisfied our need for a solution that could be implemented globally.We are also able to administer and maintain the tool within the finance function which increased our flexibility and reduced our reliance on IT. The reporting capabilities met our needs and allows us to easily consolidate and present our data in a multi currency environment. We use Prophix for reporting at all levels, from individual business unit data to Board and Executive level reports. We have several connections to other systems to import data and plan on adding more. The drill through capability to this data is also a nice feature.
Cons
Template/Report formatting can be tedious at times
- Industry: Construction
- Company size: 10 000+ Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Construction review
Reviewed on 2019/01/18
it met all of our needs and is a great software
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
- Industry: Nonprofit Organization Management
- Company size: 1 001-5 000 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
End User
Reviewed on 2021/01/06
Change is hard, we all know that. If you give this software a chance you will find yourself using...
Change is hard, we all know that. If you give this software a chance you will find yourself using it on a daily basis. The data is spot on, can be organized into charts/graphs and then sent to individuals who would find the information useful.
Pros
The software provides quick access to data and can be formatted into reports to be sent to others within the organization. There is a drilldown function that is amazing for looking further into the information provided. For budget purposes, there are line item details, these are get as a reference point when review questions come into play.
Cons
The software uses dimensions, and that was confusing to me. When creating reports those dimensions need put into various columns or rows. If you don't have it just right, it won't return any information. Plus side is there are videos and help available to walk you through any aspect.
Prophix FAQs
Below are some frequently asked questions for Prophix.Q. What type of pricing plans does Prophix offer?
Prophix offers the following pricing plans:
- Pricing model: Subscription
- Free Trial: Available
Contact Prophix for detailed pricing information.
Q. What are the main features of Prophix?
Prophix offers the following features:
- Ad hoc reports
- Consolidation & close
- Forecasting
- Industry specific configuration
- Mid-year recasting
- Multi-format integration
- Profitability optimization
- Risk management
- Sales reports
- Save past reports
- Scheduled / automated reports
- Scheduling
- Strategy mapping
- Workflow & automation
Q. Who are the typical users of Prophix?
Prophix has the following typical customers:
Small Business, Large Enterprises, Mid Size Business
Q. What languages does Prophix support?
Prophix supports the following languages:
English
Q. Does Prophix support mobile devices?
We do not have any information about what devices Prophix supports
Q. What other apps does Prophix integrate with?
Prophix integrates with the following applications:
AMS360, SYSPRO
Q. What level of support does Prophix offer?
Prophix offers the following support options:
Phone Support, Online Support, Knowledge Base, Forum
Related categories
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