Prophix One Financial Performance Platform

What do you like best about the product?

After upgrading to FPA Plus, I’ve really been enjoying the software’s increased speed. The Filter manager feature is also a major improvement compared with the old time sets and similar options, and it makes the overall workflow feel smoother.

What do you dislike about the product?

I wish I could “mix and match” service lines within a single location. For example, if I have Service A and Service B operating in Location 1, I want to be able to select each service individually and, at the same time, see both the individual contribution and the combined contribution.

What problems is the product solving and how is that benefiting you?

I like that I can create custom accounts and quickly answer leadership’s questions using the metrics they’re already accustomed to.

What do you like best about the product?

Data centralization, the ability to integrate with many other software tools, and strong scalability.

What do you dislike about the product?

The Template Studio design is a little bit less user friendly, no grouping ability, unable to incorporate corporate color theme.

What problems is the product solving and how is that benefiting you?

It helps us in centralizing the data, have a close to real-time P&L report every day. Help us streamline the Budget process.

What do you like best about the product?

What I appreciate most about Prophix is the excellent support and the strong customer relationship. The team is highly responsive, and it genuinely feels like they listen to customers and take feedback seriously. As for the software, it’s easy to use, saves us a lot of time, and helps make our processes significantly more efficient overall.

What do you dislike about the product?

It is actually difficult for me to point out what is least helpful, because overall I’m very happy with Prophix. If I had to mention one area, I would say that some of the more advanced functionality can take a little time to learn and fully utilize. However, the excellent support from the Prophix team makes that much easier.

What problems is the product solving and how is that benefiting you?

Prophix helps us solve two key business challenges: financial consolidation across our group and financial planning and analysis. When we decided to implement a new consolidation solution, KPMG recommended that we have consolidation and planning within the same platform. This has been very valuable for us because it gives us a more integrated approach to financial reporting, budgeting and forecasting. It reduces manual work and reliance on Excel, saves time, and gives us a more consistent process across the group.

What do you like best about the product?

I like how organized Prophix Software is. Once we were set up, I could easily tweak existing templates and reports to meet new needs. I like that it works a lot like Excel and Access, so it’s easy to use and navigate, even for people who aren’t inclined to learn new systems. The DPM for our funded roster has been a big win: I can manage and share the information easily, and people recognize the data as accurate and consistent. I also like the workflows for getting information to people who don’t have active Prophix licenses, and the consistent reporting budget managers receive each month. Prophix has streamlined our budgeting, projections, and reporting, and saves time, energy, and resources compared with our Excel- and Google Sheets-based processes.

What do you dislike about the product?

Our implementation wasn’t easy and is still causing issues. The in-house Prophix implementation team didn’t seem to understand our needs or care to adjust their process to them. A secondary revenue cube was set up poorly and is almost impossible to rebuild because it’s used so often. If things aren’t set up correctly from the beginning, it can be hard to overcome later.

What problems is the product solving and how is that benefiting you?

I use Prophix Software to manage budget requests with templates and workflows instead of collating Google Sheets. It streamlines actuals reporting and reduces the time, energy, and resources needed for budgeting and projections. Its funded-roster database gives us data leadership and staff recognize as accurate, unlike our Excel-based process.

What do you like best about the product?

Both the platform's flexibility and the people supporting the product at the company.

What do you dislike about the product?

I wish the product had more report-formatting options, but I have found ways to cover all of my organization's needs with existing functionality.

What problems is the product solving and how is that benefiting you?

Prophix serves as a single source of truth for my organization through reporting, budgeting, forecasting, and planning.

What do you like best about the product?

Prophix has become a staple at our organization. The ease of use and the support we receive has been stellar. We previously did not have a reporting or budgeting tool other than excel which resulted in much human error.

What do you dislike about the product?

Our implementation was tough, but we got through it and I feel like we are past that. We would suggest using a consultant to anyone looking to implement. I think that it would be good for Prophix to look into specific Higher Education needs as I think it's a niche they fit nicely with.

What problems is the product solving and how is that benefiting you?

Being able to generate report almost instantly that we had to build ourselves each month has been a game changer. Giving custom report to our budget managers has helped them see the data in ways that they understand. Building out budget and obtaining input from those budget managers has been huge.

What do you like best about the product?

What I like most about Prophix is how effectively it streamlines corporate performance management and financial reporting. It automates complex consolidation tasks, saves time during budget cycles, and makes data analysis straightforward and accurate.

What do you dislike about the product?

The initial setup can feel a bit intimidating, and the learning curve can be exhausting. However, once it’s set up, it performs really well.

What problems is the product solving and how is that benefiting you?

Prophix solves the challenge of manually tracking project hours and managing client data across teams. By allowing me to add new customers and work orders into a central platform, all team members can easily log their time per project. This makes it seamless for me to consolidate hours worked per team member and client, keeping our operational workflow well-organized and completely transparent.

What do you like best about the product?

It’s very versatile, with the ability to slice and dice data however I need. Support is excellent, and the onboarding process is relatively pain-free.

What do you dislike about the product?

Performance can be slow at times, especially when working with large volumes of data that depend on nested formulas. It’s also relatively expensive compared with other products.

What problems is the product solving and how is that benefiting you?

It allows us to view our business units in the most granular form and assess them in ways we never could without Prophix. It also allows us to have data from multiple entities using multiple ERP's and once they get into Prophix they all speak the same language and can analyzed the same way.

What do you like best about the product?

Being able to integrate the source data from our ERP

What do you dislike about the product?

FP&A Plus is still quite buggy and onboarding/ongoing help has become more corporate subscription based rather than user owned.

What problems is the product solving and how is that benefiting you?

being able to send out regular data reports to large groups of people based on a structured security setup in security manager's groups

What do you like best about the product?

Prophix has been an easy-to-use platform for us starting from integration to our current needs. The Support team has been tremendous answering all questions and providing guidance through the process.

What do you dislike about the product?

I am not sure there is really anything that I have found that I dislike other than we need to move to FP&A Plus. This next step will be a game changer for us so the only dislike is that we are not there yet!

What problems is the product solving and how is that benefiting you?

We implemented the Account Reconciliation module, and it has been a game changer for us from a time saving standpoint. No more excel files kept on SharePoint. Our auditors were really impressed as well. We are starting to finally delve into more reporting as well and that will be a great benefit as well.