Prophix One Financial Performance Platform
Prophix SoftwareReviews from AWS customer
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We are using Prophix as financial reporting tool to read data from ERP
What do you like best about the product?
Features and functions. It is able to manipulate the data and format the way finance leads or customers wanted
What do you dislike about the product?
The way Prophix handle the licenses for DEV and UAT. They won't have those licenses and you have to buy
What problems is the product solving and how is that benefiting you?
Financial reporting and budgeting
Recommendations to others considering the product:
It's a great tool to manipulated the data from ERP
System is user friendly for reporting and adhoc analysis.
What do you like best about the product?
I can design reports, templates, and adhoc with ease. Data entry and integration of materials is not overwhelming and is helpful to limit the amount of keying required by the user.
What do you dislike about the product?
Cube building can be cumbersome when you are trying to setup data structure. Resources for assistance in the cube building seem to be hard to get, unless you want to pay higher $ for consultant assistance and some of the assistant packages can not be used throughout your company by set to one user only.
What problems is the product solving and how is that benefiting you?
Reporting automation and out of excel
Recommendations to others considering the product:
Don't be afraid to think outside the box and do more.
Tony Vinciguerra
What do you like best about the product?
Prophix is very easy to use and to instruct others, as it has an Excel feel to it.
What do you dislike about the product?
Sometimes the consolidation feature takes a long time to process.
What problems is the product solving and how is that benefiting you?
We are able to better compile our budgets and forecasts, as well as quickly report our actual figures on a monthly basis.
Best setup for consolidations available
What do you like best about the product?
Allow us to consolidate multiple subsidiaries in a way that we can pull Bay data we need in a quick and efficient manner.
What do you dislike about the product?
The speed slowed when we had too many users using Prophix
What problems is the product solving and how is that benefiting you?
Allow us to consolidate multiple subsidiaries in a way that we can pull Bay data we need in a quick and efficient manner.
Recommendations to others considering the product:
If you are using something like Host I woulsmr commend using this product instead
CFO
What do you like best about the product?
The flexibility of Prophix. Their solution is so much more than just a budget package. We are solving pressing business issues with Prophix. (and moving manual processes to automated processes!)
What do you dislike about the product?
I do wish implementation would not take so much time. There has to be a quicker way to get up and running.
What problems is the product solving and how is that benefiting you?
We have used Prophix to replace manual solutions that took hours to do. We currently are working on replacing Power BI so that we have both live and historical data that we can look at. The next project that kicks off, next week, is related to customer utilization.
Recommendations to others considering the product:
Great choice!
Great time saving tool
What do you like best about the product?
Prophix has streamlined our budgeting process.
What do you dislike about the product?
There is a learning curve as with any new system.
What problems is the product solving and how is that benefiting you?
Time saving in budgeting and reporting process.
dynamic software that can do more than just financial reporting
What do you like best about the product?
drill across, ad hoc reporting, using it for reports other than financial reports
What do you dislike about the product?
i feel like there is so much unknown about the software. i enjoy the monthly webinars, but would like to see more webinars about other potential uses... much like what you see at the user conference
What problems is the product solving and how is that benefiting you?
using prophix for time reports
Very flexible tool brings great efficiency to the office of finance
What do you like best about the product?
Very flexible tool for analyzing, managing, flexing, and reporting data, both financial and non-financial. I have developed multiple models that has greatly improved our business goal of "one version of the truth". Business processes are able to be applied simply across multiple data sets to analyze financial and non-financial information alike in a common platform.
What do you dislike about the product?
There are not enough hours in the day to use the application to it's fullest extent. Really don't have anything that I don't like about the application. It has helped me be successful in my career by enabling me to provide timely, accurate, and relevant data in an efficient manner that is easily understandable at all levels of the organization.
What problems is the product solving and how is that benefiting you?
Financial planning and consolidation, operational reporting and analysis, bringing the business together under one version of the truth. Additionally, personnel planning and foreign currency exchange for multiple currencies across our business. We've improved the accuracy of our financial consolidation and reduced our time to close and publish financial statements.
Recommendations to others considering the product:
Very flexible tool...the sky is the limit with this application. Brings great efficiency to the office of finance not only in financial reporting and planning functions, but also in a wide variety of operational applications.
Simple, does a lot and easy to manage
What do you like best about the product?
Format is fairly straight forward and maintenance is not to complex.
What do you dislike about the product?
The formatting of the reports & budget templates seem pretty archaic.
What problems is the product solving and how is that benefiting you?
Budget operations, realization and accountability.
Prophix for Budgeted
What do you like best about the product?
Prophix allows my organization to budget from both a top down and a bottom up perspective. The software is similar to the excel models we were using before and is not terribly hard to train people to use.
What do you dislike about the product?
The visualization is a bit hard for some people to handle; this is mostly fixed in the web version that my organization has yet to implement.
What problems is the product solving and how is that benefiting you?
We have a better plan for how our finances will look throughout the year that is created in Prophix.
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