Prophix

Prophix

Automate & streamline corporate performance management

4.5/5 (31 reviews)

Prophix Overview

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
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Brazil, Canada, Europe, Germany, Latin America and 3 others, Middle-East and Africa, United Kingdom, United States

Supported Languages

English

Prophix Reviews

Overall rating
4.5/5
97% positive reviews
18
Excellent
12
Very good
1
Average
0
Poor
0
Terrible

Flexible and Cost Effective

Used Daily for 1+ year
Reviewed on 12/18/2018
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10

CPM Made Easy

Used Daily for 2+ years
Reviewed on 12/19/2018
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10

Great Product with Excellent Customer Support

Used Daily for 2+ years
Reviewed on 1/23/2019
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10

Robust and flexible with on-premise deployment option

Used Daily for 2+ years
Reviewed on 12/18/2018
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10

Prophix Saves us Time and Money

Used Daily for 2+ years
Reviewed on 1/19/2019
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10

Prophix Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Contact Prophix for detailed pricing information.

Prophix Features

  • Activity Dashboard
  • Reporting & Statistics
  • Workflow Management

  • API
  • Access Control
  • Activity Tracking
  • Audit Trail
  • Auditing
  • Automatic Notifications
  • Compliance Management
  • Custom Fields
  • Customizable Reporting
  • Data Import/Export
  • Document Storage
  • Inventory Management
  • Inventory Tracking
  • Invoice Management
  • Monitoring
  • Real Time Data
  • Third Party Integration

Additional information for Prophix

Key features of Prophix

  • 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

Benefits

  • 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.

  • 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: Not 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:

    Large Enterprises, Mid Size Business, Small Business

    Q. What languages does Prophix support?

    Prophix supports the following languages:

    English

    Q. What type of pricing plans does Prophix offer?

    Prophix has the following pricing plans:

    Subscription

    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?

    We do not have any information about what integrations Prophix has

    Q. What level of support does Prophix offer?

    Prophix offers the following support options:

    Forum, Knowledge Base, Online Support, Phone Support