Prophix One Financial Performance Platform
Prophix SoftwareReviews from AWS customer
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Prophix is an exciting finance tool with endless possibilities.
What do you like best about the product?
The ability to have all the reports preformatted and after a brief import and consolidation to be able to immediately have them to management for review.
What do you dislike about the product?
Prophix 12 has much more capability than its predecessor but the ease of using Prophix Enterprise is forever challenging P12 since the Legacy product was so user friendly and did not require as much help from IT and programmers.
What problems is the product solving and how is that benefiting you?
We use Prophix for our planning, forecasts, monthly financial comparisons, global financial consolidations, cashflows and product lines so we are trying to get the most efficient use out of the product.
Recommendations to others considering the product:
Excellent choice but be patient through implementation and first 6 months of use...
CPM Consultant for Many systems
What do you like best about the product?
Compared to the other systems I implement for my clients, Prophix has proven to be much easier to implement and ultimately easier to use for the non-technical user.
What do you dislike about the product?
Wish the dashboard functionality had more advanced functionality. In addition, the release of the cloud version is much anticipated.
What problems is the product solving and how is that benefiting you?
Consolidations across multiple ERP systems, chart of accounts and currencies
Shorter budgeting cycle (many times by month)
More meaningful forecasting
Timely and accurate reports and analytics offered to a broader audience throughout the organizations
Shorter budgeting cycle (many times by month)
More meaningful forecasting
Timely and accurate reports and analytics offered to a broader audience throughout the organizations
Great Experience from Backend to Front end user
What do you like best about the product?
how easy it is to select and move around different dimensions when building a report
What do you dislike about the product?
Smartclient, too oldschool., we haven't upgraded to web client yet so that will soon go away.
What problems is the product solving and how is that benefiting you?
the biggest thing was our reporting, budgeting, and forecasting. we were still in the stone age with these. since putting into Prophix, the whole process goes quicker and we are able to make changes on the fly.
Recommendations to others considering the product:
go with it, you can do just about any report you can imagine with its flexibility
Greatly improving
What do you like best about the product?
The multi-functionality (budgeting, forecasting, self-service analysis)
What do you dislike about the product?
How hard it is to get on the same page relative to a thorough discovery
What problems is the product solving and how is that benefiting you?
Ease&consistency of budgeting and self service analysis
Recommendations to others considering the product:
Spend enough time upfront for FULL discovery
Prophix Capabilities
What do you like best about the product?
The different cubes and ways to link them
What do you dislike about the product?
Layout, needs a lot of formatting, slow software.
What problems is the product solving and how is that benefiting you?
Financial reporting, budgeting, headcount, payroll
SVP of Financial Systems
What do you like best about the product?
Prophix software has helped our company shorten our budget cycle and implement a successful forecasting process. In addition to a great product, where Prophix shines is with outstanding customer service. Their customer service reps, consultants and system architects are all very knowledgeable. Selecting Prophix has been a great decision for my company.
What do you dislike about the product?
We have used Prophix for over 6 years. It has served us well and I do not have any dislikes.
What problems is the product solving and how is that benefiting you?
My company has transitioned the budgeting process from excel spreadsheets to a system. In addition, we have put Prophix to work in tracking weekly statistics and creating monthly forecasting.
Recommendations to others considering the product:
I would choose it again. You won't go wrong with Prophix.
Sr. Financial Analyst, FP&A
What do you like best about the product?
The Detail Planning Manger for my Capex
What do you dislike about the product?
That I have to open a new Section of Excel when opening an other file so not to mess-up my connection
What problems is the product solving and how is that benefiting you?
Details with Capex planning
Great software with excellent customer service
What do you like best about the product?
I love the allocation capabilities in Prophix and the reporting and budgeting functions are great too. The customer service has been top notch as well.
What do you dislike about the product?
The shared prophix drive used to upload documents can have confidential information so have to put passwords on files saved there.
What problems is the product solving and how is that benefiting you?
Allocation process in Prophix is much simpler and more accurate. Budgeting are able to create any data view to input budget numbers so can input by natural account for certain expenses and by program for other expenses.
Flexible CPM tool for the everyday user
What do you like best about the product?
Flexibility and ease for ad hoc data views, The user can quickly get at the data they want and pull it into tools like Excel. Prophix being privately held does lend to a better long term focus vs the sub optimized view that many private equity companies take on their portfolio. As a rule of thumb Prophix has been responsive in addressing issues within their SLA. The one incident that where this did break down, Prophix took ownership once the issue was highlighted; Prophix spent time with us to understand how we wanted to move forward and showed a real commitment towards taking corrective action.
What do you dislike about the product?
User rights administration, shutting down a user is straight forward, properly removing them and all of their associated work and processes is far from intuitive and quite tedious. Performance has been a challenge due to our large entity structure (200+). Prophix has worked closely with me to get the performance into an acceptable levels. As one of the user of their consolidation module we had to move to their Enterprise edition. As a company on a single server installation and of medium size this seemed to be an over kill unnecessary cost for one module. But given the importance of consolidation within our business, we bit the bullet and took on the addition one time license fee.
What problems is the product solving and how is that benefiting you?
Budgeting, reporting, consolidation, waterfall analysis and some ad hoc analysis of our financials
Recommendations to others considering the product:
Be realistic during the installation, build what you need vs trying to build every scenario you may have. Once you start using the product you will see what make sense and adding on is easier than trying to back out work that was never taken advantage of which built unnecessary complexities upon your dimension structure, which impacts performance of any cube. In our case there were a complex stat accounts built that never saw light of day and removing these accounts became quite cumbersome due to upstream associations. Some are still in the system. IF you can attend the user conference early on to get customer feedback and the attend the instructional presentations
Prophix Software Review of a New Customer
What do you like best about the product?
The drill down and drill across features of the software. A user is able to do a lot of their own analysis.
What do you dislike about the product?
Because it is a powerful product with a lot of capability, a person does need to spend time in the product to learn it and to start to get the big benefits of the product.
What problems is the product solving and how is that benefiting you?
We are currently using it for budgeting and forecast from a "bottoms up" approach. We are more easily able to give supporting detail to the actual results to the department managers.
Recommendations to others considering the product:
If you are looking for a reporting tool that can do so much more, and you are willing to spend the time and resources to dedicate and support it, you definitely need to look at Prophix.
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