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:

N/A

  • Free Trial
  • Subscription

Key benefits of Prophix

  • Prophix offers visibility into all levels of the organization while empowering business leaders to improve their operational performance.

  • Reduce business risks with improved budgeting, planning, and forecasting processes across the organization.

  • Automate budget submission and review processes through appropriate workflows and improve budget accuracy.

  • Prophix allows users to build a custom dashboard relevant to a specific user's role and responsibilities with a few clicks or taps.

  • Profitability analysis features help users decide which services, products, channels, or customers should be maintained, adjusted, or discontinued.

  • Devices

    Business size

    S M L

    Markets

    United States, Canada, United Kingdom, Germany, Brazil

    Supported Languages

    English

    Pricing starting from:

    N/A

    • Free Trial
    • Subscription

    Images

    View a number of visualizations via the dashboard for analyzing the health of the business
    Monitor workflow project status and activity performance
    Print ad hoc reports or use visualizations to display data in an interactive format for business analysis and decision making
    Improved organizational agility with increased accuracy and consistency
    Feed operational plans by evaluating key profitability measures such as profit margins, gross profit, operating profit, pretax profit, net profit, and profit and loss statements
    Plan and model sales strategies and ensure timely execution of sales initiatives
    All performance management needs are accessible via the home dashboard
    View 8 more
    Prophix video
    Prophix screenshot: View a number of visualizations via the dashboard for analyzing the health of the business Prophix screenshot: Monitor workflow project status and activity performance Prophix screenshot: Print ad hoc reports or use visualizations to display data in an interactive format for business analysis and decision making Prophix screenshot: Improved organizational agility with increased accuracy and consistency Prophix screenshot: Feed operational plans by evaluating key profitability measures such as profit margins, gross profit, operating profit, pretax profit, net profit, and profit and loss statements Prophix screenshot: Plan and model sales strategies and ensure timely execution of sales initiatives Prophix screenshot: All performance management needs are accessible via the home dashboard

    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

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    Reviews

    Overall rating

    4,6 /5
    (60)
    Value for Money
    4,6/5
    Features
    4,5/5
    Ease of Use
    4,4/5
    Customer Support
    4,6/5

    Already have Prophix?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 60
    Emily A.
    Overall rating
    • Industry: Hospital & Health Care
    • Company size: 1 001-5 000 Employees
    • Used Daily for 2+ years
    • 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.

    Amanda C.
    Overall rating
    • Industry: Insurance
    • Company size: 1 001-5 000 Employees
    • Used Daily for 1+ year
    • 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.

    Verified Reviewer
    Overall rating
    • Industry: Marketing & Advertising
    • Company size: 1 001-5 000 Employees
    • Used Daily for 2+ years
    • 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

    Tom K.
    Overall rating
    • Industry: Construction
    • Company size: 10 000+ Employees
    • Used Daily for 2+ years
    • 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

    Laurie F.
    Overall rating
    • Industry: Nonprofit Organization Management
    • Company size: 1 001-5 000 Employees
    • Used Daily for 2+ years
    • 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.

    Showing 5 reviews of 60 Read all reviews

    Prophix FAQs

    Below are some frequently asked questions for Prophix.

    Prophix offers the following pricing plans:

    • Pricing model: Subscription
    • Free Trial: Available

    Contact Prophix for detailed pricing information.

    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

    Prophix has the following typical customers:

    Small Business, Large Enterprises, Mid Size Business

    Prophix supports the following languages:

    English

    We do not have any information about what devices Prophix supports

    Prophix integrates with the following applications:

    AMS360, SYSPRO

    Prophix offers the following support options:

    Phone Support, Online Support, Knowledge Base, Forum

    Related categories

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