Prophix

Automate & streamline corporate performance management

4,6 /5 (56 reviews) Write a Review!

Prophix Overview

What is 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.

Prophix Overview

Pricing

Starting from
N/A

Pricing options

Free Trial
Subscription
Value for money

Contact Prophix for detailed pricing information.


Prophix Features

Devices
Business size
S M L
Markets
United States, Canada, United Kingdom, Germany, Brazil
Supported Languages
English

Media

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
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

Prophix Reviews

Prophix Reviews

Overall rating
4,6
/
5
Excellent
34

Very good
21

Average
1

Poor
0

Terrible
0

Value for Money
4,6
Features
4,5
Ease of Use
4,4
Customer Support
4,6
98% recommended this app
Emily A.

Flexible CPM software that provides excellent variance analysis

Prophix has helped us to save time in our budgeting and month end.


Amanda C.

Plethora of Options

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.


Tom K.

Construction review

it met all of our needs and is a great software


Philip H.

Great Customer Service

Overall it has gone very well. I have learned a lot. The customer service has been sincere and helpful. Data integration is daily and report consolidation is easy to do.


Verified Reviewer

Powerful, flexible reporting tool

Capex planning and project management including variance analysis budget vs actual, internal reporting (formal quarterly reports, ad hoc management reports, with variance analysis year-on-year), consolidated external reporting (several entities across multiple countries and currencies), other external reporting


Emily A.
Industry: Hospital & Health Care
Company size: 1 001-5 000 Employees

Flexible CPM software that provides excellent variance analysis

Used Daily for 2+ years
Reviewed on 2020/09/09
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Amanda C.
Industry: Insurance
Company size: 1 001-5 000 Employees

Plethora of Options

Used Daily for 1+ year
Reviewed on 2019/12/30
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Tom K.
Industry: Construction
Company size: 10 000+ Employees

Construction review

Used Daily for 2+ years
Reviewed on 2019/01/18
Review Source: Capterra

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

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Philip H.
Industry: Nonprofit Organization Management
Company size: 201-500 Employees

Great Customer Service

Used Daily for 6-12 months
Reviewed on 2020/09/27
Review Source: Capterra

Overall it has gone very well. I have learned a lot. The customer service has been sincere and helpful. Data integration is daily and report consolidation is easy to do.

Pros

The consultation and training was excellent. The data management is simple and effective. Easy to browse from different modules and pages. The knowledge bank is large and there is a large customer resource pool.

Cons

Some of the graphs and charts have limited accessories and capabilities. Learning curve was high, but this may be the nature of the software.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Verified Reviewer
Industry: Furniture
Company size: 501-1 000 Employees

Powerful, flexible reporting tool

Used Daily for 2+ years
Reviewed on 2020/09/07
Review Source: Capterra

Capex planning and project management including variance analysis budget vs actual, internal reporting (formal quarterly reports, ad hoc management reports, with variance analysis year-on-year), consolidated external reporting (several entities across multiple countries and currencies), other external reporting

Pros

Powerful and flexible- report on almost anything! Pull data from multiple sources and compile and present in an almost infinite number of different ways. review variances, budget vs actual, generate your annual financial statements- name your reporting requirement, this program can do it. Great customer support and a community of users with a dedicated forum for questions. They are constantly seeking feedback from their users and adding new improvements to their product.

Cons

Like any other new software, this represents a huge investment in time, training, and supplier relationship. There is a great deal of software specific jargon, although they are always working to simplify this and improve training. Some steps can take a long time for the report to load. Some reports may be very difficult to build. That said they can help you redesign the report to run faster. Almost anything is possible with the right approach though. They are based in Canada with a limited presence and customer base in Europe, and sometimes can feel very North-America specific. I think this is slowly improving though.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

User recommendation
9,2/10
Based on 56 user ratings
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Prophix Pricing

Prophix Pricing

Starting from
N/A
Free Trial
Subscription
Value for money

Contact Prophix for detailed pricing information.

Contact Prophix for detailed pricing information.

Value for Money
4,6/5
Based on 56 user ratings
Compare value for money rating with alternatives
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Prophix Features

Prophix Features

API
Activity Dashboard
Activity Tracking
Audit Trail
Auditing
Automatic Notifications
Billing & Invoicing
Compliance Management
Customizable Reporting
Data Import/Export
Document Management
Document Storage
Inventory Management
Inventory Tracking
Monitoring
Real Time Data
Real Time Reporting
Reporting & Statistics
Third Party Integration
Workflow Management
Features
4,5/5
Based on 56 user ratings
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Categories

Additional information for Prophix

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

    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. 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?

    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