Prophix

Automate & streamline corporate performance management

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.


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.

  • Images

    Prophix Software - View a number of visualizations via the dashboard for analyzing the health of the business
    Prophix Software - Monitor workflow project status and activity performance
    Prophix Software - Print ad hoc reports or use visualizations to display data in an interactive format for business analysis and decision making
    Prophix Software - Improved organizational agility with increased accuracy and consistency
    Prophix Software - 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 Software - Plan and model sales strategies and ensure timely execution of sales initiatives
    Prophix Software - All performance management needs are accessible via the home dashboard
    View 9 more
    Prophix video
    Prophix video
    Prophix Software - View a number of visualizations via the dashboard for analyzing the health of the business
    Prophix Software - Monitor workflow project status and activity performance
    Prophix Software - Print ad hoc reports or use visualizations to display data in an interactive format for business analysis and decision making
    Prophix Software - Improved organizational agility with increased accuracy and consistency
    Prophix Software - 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 Software - Plan and model sales strategies and ensure timely execution of sales initiatives
    Prophix Software - All performance management needs are accessible via the home dashboard

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    Reviews

    Overall rating

    4,6 /5
    (98)
    Value for Money
    4,5/5
    Features
    4,5/5
    Ease of Use
    4,4/5
    Customer Support
    4,5/5

    Already have Prophix?

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

    Showing 5 reviews of 98
    Michelle
    Michelle
    Overall rating
    • Industry: Internet
    • Company size: 51–200 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Prophix Saves us Time and Money

    Reviewed on 2019/01/19

    It is far superior than any other software I have used for reporting. Prophix makes everything we...

    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.

    Verified Reviewer
    Overall rating
    • Industry: Information Services
    • 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 10.0 /10

    Prophix - a great piece of software you need to check out!

    Reviewed on 2021/09/17

    Tremendously helpful and easy to implement

    Tremendously helpful and easy to implement

    Pros

    This software is so easy to configure and use. The RedCarpet online community is there to help you succeed! Other customers are there to help you out if you need it - what other software package does that?

    Cons

    Just that we didn't know about it sooner

    Shan
    Overall rating
    • Industry: Packaging & Containers
    • 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 7.0 /10

    Great Product for

    Reviewed on 2020/10/12

    Pros

    It is intuitive and easy to use. If you're familiar with excel, most of the functions carry over flawlessly.

    Cons

    Connecting more than 20 ERP systems to import data was a challenge. It affected the overall performance and ultimately usage as my company has not fully been able to convert to the cloud version. The administrator is still managing the Smart Client.

    Bobby
    Bobby
    Overall rating
    • Industry: Events Services
    • 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

    CPM Made Easy

    Reviewed on 2018/12/19

    We used to consolidate all of our financials for 20+ agencies using excel and it was a nightmare....

    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.

    Marina
    Overall rating
    • Industry: Insurance
    • Company size: 10 000+ Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    Intuitive and Insightful

    Reviewed on 2023/02/01

    Pros

    Prophix was really easy to pick up as and end user and makes it so much cleaner and simpler to access our general ledger detail. I like the capabilities within Process Manager and the Workflow Manager that have improved our projection and budget processes and allowed us to easily compile information from a number of different departments.

    Cons

    We have some processes that were built years ago that haven't been well updated because no one in our organization has a good enough understanding to update them on our own.

    Showing 5 reviews of 98 Read all reviews

    Prophix FAQs

    Below are some frequently asked questions for Prophix.

    Prophix offers the following pricing plans:

    • Starting from: US$1,00
    • Free Trial: Available

    Contact Prophix for detailed pricing information.

    Prophix has the following typical customers:

    2–10, 11–50, 51–200, 201–500, 501–1 000, 1 001–5 000

    Prophix supports the following languages:

    English

    Prophix supports the following devices:

    Android (Mobile), iPhone (Mobile), iPad (Mobile)

    We do not have any information about what integrations Prophix has

    Prophix offers the following support options:

    Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

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