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.

What I like best about Prophix Software is that it has made our closing process more efficient, allows us to centralize all of our data (not just financial), and that the support team has been excellent. No matter who I have interacted with whether from sales, onboarding, support, or programming, ALL of them have been patient, kind, and professional. Review collected by and hosted on G2.com.

Nothing bad to say about Prophix. Genuinely love the software;. Review collected by and hosted on G2.com.

The tool is very flexible for customizing the software to our business needs and even if we need to rebuild the structures and data cubes. The experienced Prophix consultants are a pleasure to work with and very knowledgeable. The budget can be housed within Prophix rather than within multiple spreadsheets.

Other highlights are Multi-tiered Allocations, great at Variance Analysis, helps with budget streamlining, its flexible for building reports on almost anything in any format and staying powerful with analysis of huge volumes of data. They also have an amazing community forum of users to support each other. Review collected by and hosted on G2.com.

Dashboard aspects is still a little weak, and graph editing could be better on the advanced graph editing; as excel is still more capable of that. Report builders usage to build a report to match something that you were doing in excel can be a challenge sometimes. Review collected by and hosted on G2.com.

* Dramatically reduces the amount of time it takes to get the info that I need....this is huge!

* Ad-Hoc analysis is an incredible tool to have in your tool box.

* I can have access to financial reports quickly! Review collected by and hosted on G2.com.

* Sometimes if a Cube has a lot of data performance could be slowed. Not saying it does not make it unworkable but slowed.

The above is still true but I have started to RETHINK the data that we are pulling into these cubes and are seeing performance gains! Review collected by and hosted on G2.com.

This is powerful and flexible software that can report on almost anything! It can pull data from multiple sources and compile, present, and analyse it in an almost infinite number of different ways. Use it for reviewing variances year on year, or any other period(e.g. quarter, month) or budget vs actual, or generate your annual financial statements- name your reporting requirement, this program can do it. There's also lots of options for creating graphs and charts. Interactive dashboards and workflows can be set up to formalise and streamline processes. They have 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. Review collected by and hosted on G2.com.

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 constantly working to simplify this, and improve the training available to users. 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. They are based in Canada with a limited presence and customer base in Europe, and sometimes can feel very North-America specific. That said, this aspect is improving and they are increasing their global reach. and remain very responsive to feedback and suggestions for improvement. Review collected by and hosted on G2.com.