Prophix One Financial Performance Platform
Prophix SoftwareReviews from AWS customer
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Strong Reporting Capabilities, Might not be great for large complex orgs.
What do you like best about the product?
Prophix does a really good job at allowing for dynamic reporting from the cube. You can slice and dice the data in any way you need to see it, and the user interface is very clean, modern, and easy to use. I also really enjoy the support that comes with the Continuous Success Package (CSP). I feel that I can reach out at any time and I will have a knowledgeable consultant to answer my questions. It keeps up with our daily use for 10 active users and rarely do we run into functionality issues with servers going down or anything like that.
What do you dislike about the product?
A downside that I have with using Prophix is that the reporting can take a while to load if you have many different unique member combinations. We have to limit the filters in certain reports or create duplicate reports with slightly different filters to get to certain reports if we don't want to wait 10 minutes for a report to load. My other complaint is that the integration with O365 isn't very intuitive in Excel (getvalue formulas rather than being able to click and connect like some other products) and there is not a streamlined powerpoint integration that doesn't show the full web-interface within the PowerPoint deck (which causes deck building to take many hours each month rather than a simple click and refresh).
What problems is the product solving and how is that benefiting you?
Prophix is solving the need to create manual excel reports and rather lets you automate those by building them in Prophix and being able to pull those on a Monthly basis. It is also allowing us to run an allocation process to push enterprise cost from a select number of departments to a bunch of geographix areas. We had a long complicated excel process that was doing this originally, but we were able to build it in Prophix and make it much more dynamic. We can create many different slices of reporting that fits our management and board level needs.
Innovative Product with Useful Reporting
What do you like best about the product?
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.
What do you dislike about the product?
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.
What problems is the product solving and how is that benefiting you?
Prophix allows us to put together forecasts and budgets for the company and useful reporting for our management level directors. It also allows us to easily send out reporting packets to end users, managers, etc.
User Survey
What do you like best about the product?
It is intuitive and allows for multiple models
What do you dislike about the product?
It wasn't able to accomodate our machine learning needs.
What problems is the product solving and how is that benefiting you?
Reports on actuals vs budget
Great platform and customer service!
What do you like best about the product?
Prophix has changed how we create and present financials. It's been a huge help in automating our budget process! We are looking forward transfering more processes into Prophix.
What do you dislike about the product?
Prophix has been great overall but it's a huge time commitment.
What problems is the product solving and how is that benefiting you?
Budgeting, Monthly Financial Reporting - Saving time and providing detailed and accurate data.
Highly Recommend Prophix
What do you like best about the product?
Prior to onboarding Prophix in 2021, we budgeted using excel templates and then a another budget software that was not flexible enough for our organization.
During the onboarding process, as an adminstrator, I helped to build everything from scratch with our consultant. This was extremely helpful in learning the system and things it can do. It also provided me with the confidence I needed once we were onboarded and the training wheels came off.
Prophix is an amazing tool and has helped to ease all of our pain points throughout the budget process. The end user experience has also improved vastly and I'm no longer receiving the complaints I used to during budget season. I have not had a scenario where I wasn't able to accomplish something I wanted to within Prophix.
Prophix allows you to have all of your data at your finger tips. For us, this was huge because we were able to consolidate multiple systems into one.
We are able to produce reports much more quickly without manual intervention once reports are set up you simply update the dates.
Our organization has the CSP and that has been very helpful any time we have questions or are looking to add sometime.
Overall, Prophix has been a great investment for our organization and I can't recommend more.
During the onboarding process, as an adminstrator, I helped to build everything from scratch with our consultant. This was extremely helpful in learning the system and things it can do. It also provided me with the confidence I needed once we were onboarded and the training wheels came off.
Prophix is an amazing tool and has helped to ease all of our pain points throughout the budget process. The end user experience has also improved vastly and I'm no longer receiving the complaints I used to during budget season. I have not had a scenario where I wasn't able to accomplish something I wanted to within Prophix.
Prophix allows you to have all of your data at your finger tips. For us, this was huge because we were able to consolidate multiple systems into one.
We are able to produce reports much more quickly without manual intervention once reports are set up you simply update the dates.
Our organization has the CSP and that has been very helpful any time we have questions or are looking to add sometime.
Overall, Prophix has been a great investment for our organization and I can't recommend more.
What do you dislike about the product?
N/A I don't have any negative feedback to provide. If something can't be accomplished in a "traditional" manner there is always a workaround.
What problems is the product solving and how is that benefiting you?
Prophix has eased our budget process and has allowed for transparency throughout our organization.
Tool that made our processes much easier
What do you like best about the product?
Prophix is a great tool and making things easier on the end user. We have struggled with excel during budgeting process but with Prohix we have increased the end user experience.
Robust product with many features. It is great at analyzing data that is in your database.
We have reduced the time to provide reports to managemnt and the Board with Prophix reporting as we are able to generate results right after close of the month.
It was great experience during implementation. Their team is very knowledgable and will make the process smoother.
We went Prophix due to the ease of integration with our ERP.
If you purchae the CSP package from Prohix you will have great support from their knowlegable team.
This is a product that we use very frequently almost on a daily basis.
Robust product with many features. It is great at analyzing data that is in your database.
We have reduced the time to provide reports to managemnt and the Board with Prophix reporting as we are able to generate results right after close of the month.
It was great experience during implementation. Their team is very knowledgable and will make the process smoother.
We went Prophix due to the ease of integration with our ERP.
If you purchae the CSP package from Prohix you will have great support from their knowlegable team.
This is a product that we use very frequently almost on a daily basis.
What do you dislike about the product?
For the most part it is a great tool and it does not have any disadvantateges. There are few things that could be improved like dashboard editing functionality. It lacks formatting feature that of excel.
What problems is the product solving and how is that benefiting you?
Solved the problems of not having data in excel that needed to be manually consolided and then turned around to provide reports to management and executive teams. It also improved our end user satisfaction as it is very easy to use. Management was super happy after we implemented Prophix.
It is also solving our problem of providing results at a much faster rate. We can generate and distribute reprots that same day we close the period, where in the past it took few extra days.
It is also providing ways to be able to analyze and review data much more diligently. Much more data can be reviewed by fewer people with Prophix.
It is also solving our problem of providing results at a much faster rate. We can generate and distribute reprots that same day we close the period, where in the past it took few extra days.
It is also providing ways to be able to analyze and review data much more diligently. Much more data can be reviewed by fewer people with Prophix.
Great user interface, good reporting software
What do you like best about the product?
Prophix allows our business to integrate our data from another source and report directly out of Prophix. The use ability for my position in the company is great. Building Reports directly in Prophix is an easy task and I love the ability to automate not on ly reporting, but forecasting too.
What do you dislike about the product?
Sometimes we have issues with integration that halt our reporting.
What problems is the product solving and how is that benefiting you?
Bringing all of data together for easy to read reports.
Prophix offers a great out of the box solution for FP&A that can be customized as needed
What do you like best about the product?
I like that through the implementation process, we had very knowledgeable consultants who took the time to listen and understand our user stories. The product pulls in data from various sources in various ways, and provides many learning opportunities through their active use group.
What do you dislike about the product?
The work that needs to be done on the front end can be a LOT depending on how complex your planning and reporting processes are.
What problems is the product solving and how is that benefiting you?
We had a very outdated report distribution process that involved printing multiple different reports and delivering those reports to various stakeholders manually. We also had a very manual planning process that took months. With Prophix, we have a workflow that distributes the various reports that are now automatically generated. Our planning process is now mostly in the cloud, and there is greater transparency in our completion rate.
Good System, Good Support
What do you like best about the product?
Ease of use. When issues arise the vendor support system is really good.
What do you dislike about the product?
One section of the system only accepts xls files for upload.
What problems is the product solving and how is that benefiting you?
We use Prophix for payroll, opex, revenue and capital budgeting.
User-Friendly Finance Management with Prophix
What do you like best about the product?
I find Prophix Software really easy to update and user-friendly. It's great that we can manage it ourselves in-house instead of constantly referring to a support group, which is really beneficial. The software is very flexible, allowing us to add most of our finance team's work into it. It serves as a central location for all of our finance data, presented in a friendly, easy-to-see format, giving us an accurate view of our financial standing.
What do you dislike about the product?
I can't comment as we are yet to find anything negative to say.
What problems is the product solving and how is that benefiting you?
Prophix Software speeds up our processes, reducing the time for month-end management accounts and centralizing data. It offers quick updates for quarter, half-year, and year-end reports, allowing budget holders to access financial status easily.
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