Prophix Software Reviews & Product Details

Prophix has a great deal of out of the box functionality that is useful over a broad range of industries. Review collected by and hosted on G2.com.

Prophix uses a unique MDX code for some formulas which can be confusing. Review collected by and hosted on G2.com.

Prophix software is very user friendly and extremely easy to maintain. Implementation was quick and easy. Integration with ERP's is seamless. Review collected by and hosted on G2.com.

There aren't any downsides to the software. If you come across any, it probably is due to how you set up the system. Review collected by and hosted on G2.com.

Planning financials statements like PnL BS, CF Review collected by and hosted on G2.com.

Cant tell

Yet. Need a download first of the model Review collected by and hosted on G2.com.

Information gathering from operational departments can be time consuming. Prophix is easy to learn and use by operational departments reducing the workload on the finance team. Prophix allows for "self serve" when it comes to reviewing actual monthly results. The dashboards are great to Executive review and oversight. Review collected by and hosted on G2.com.

Learning how to create reports can be time consuming Review collected by and hosted on G2.com.

I really appreciate how intuitive Prophix is for financial planning and reporting. The interface is clean and user-friendly, which makes it easy to build and manage budgets or forecasts. Plus, the automation features save a ton of time, especially when it comes to consolidating data across multiple departments or business units. It’s also flexible enough to tailor to specific needs, which is great for companies of different sizes and industries. Review collected by and hosted on G2.com.

One thing I’d say could be improved is the initial learning curve. While the interface is user-friendly, some of the more advanced features can be a bit tricky to get the hang of without proper training. The setup process can also be a bit time-consuming, especially if you’re trying to integrate it with other systems. Once you’re past that, though, it works really smoothly! Review collected by and hosted on G2.com.

The most important part about Prophix, is that it has become a one stop shop for our Actuals and Plan data. The cohesiveness of the system along with the ability to collaborate with department leads allows for the data to be more accessible, and accurate. Review collected by and hosted on G2.com.

While Prophix is a very robust tool, that is its same pitfall. Users who are not constantly utilizing Prophix, will find it difficult to navigate and burden falls on the administrator or other advanced users to assist less frequent users. Essentially, like any other software, practice makes perfect. Review collected by and hosted on G2.com.

the ai features looks promising. support is very helpfull Review collected by and hosted on G2.com.

limited features on workflows and various other limitations Review collected by and hosted on G2.com.

Prophix is really good at allowing its users to build reports quickly, or take currently existing reports and turn them into a different view in a short time. Distributing reports to end users is really easy through the Report Binder tool. The management of changes in accounts and business units are easy to make. Review collected by and hosted on G2.com.

The administration and process side of prophix can be a headache when things break or wipes the cube of all data, it can be hard to audit what went wrong and why. Review collected by and hosted on G2.com.

Prophix has allowed us to streamline and improve our processes not only within the finance function but also within the wider business Review collected by and hosted on G2.com.

Sometimes the MDX coding can be complex. Review collected by and hosted on G2.com.

My client had 7-10 different budget processes going on across the company, each with their own excel templates and timeframes. Melding them into a single forecast was impossible. Codes, objectives, times, and even the base entities were different from each other. Maintaining the templates was difficult, we were constrained in updating them to meet changing requirements if the original authors were no longer with the company, and many of them required manual data updates on a monthly basis from the client's 3 different ERPs.

Prophix has changed all of this for us. For those excel templates that were already meeting our needs but required manual updates, we converted them into Prophix templates based on it's centralized cube data structure. Multi-user updates, automated imports from our ERPs, and the ease of which we can pivot the data into alternate views has been a game-changer. The ability for Prophix to have different data sets for different planning needs, then being able to merge them into a consolidated data set using their Data Integration Studio, is another game changer. All excel formulas are supported in Prophix templates, so it was easy for our excel super-users to convert to Prophix; but the template structure is organized and defined enough that it's easy to pick up for even moderate or entry level users.

Since different departments have their own planning schedules, we now have users in the system daily from different parts of the organization.

We use their workflow feature to alert parties of their outstanding planning and/or reporting tasks, track task completion, collect approvals, and publish "binders" as attachments to emails for executive distribution.

We don't need to use customer support very often, but when we do, they are always quick to reply and thorough in their help. Review collected by and hosted on G2.com.

The biggest downside is not being able to change a cube's dimensional structure once it's established. Members and hierarchies within the structure are easily modified; it's the names and number of dimensions that remain static.

Second is that all "automation" in Prophix must be internal; Prophix processes cannot be invoked by external orchestration. Automation does have some limitations.

Finally, the ad-hoc flexibility for end users working with data in templates is limited. For example, filtering or sorting is part of the template definition, not adjustable by the user at runtime. Review collected by and hosted on G2.com.