Prophix is a corporate performance management (CPM) software which allows organizations to automate and integrate their planning, budgeting, forecasting, financial consolidation, and reporting activities on a single platform. The platform harnesses data for richer, more relevant analysis, while improving operational efficiencies and providing visibility into all levels of the organization.
Prophix enables organizations to automate their budget submission and review process with improved accuracy by pulling data directly from the G/L (general ledger). Users can get a true depiction of personnel costs by employee and by department for planning purposes and automate important calculations. Prophix helps identify revenue trends and enables users to create alternative scenarios to determine the best courses of action. Additional planning capabilities include cash flow planning, capital expense planning, and integrated financial planning.
The solution includes self-serve dashboards and visualizations that integrate directly into data. Users can measure and monitor performance, as well as create reports and charts to drill into detailed data. Visual and tabular navigation features allow users to surface key data and insights more intuitively. Profitability analysis helps organizations discover which products, channels, services, or customers should be maintained, adjusted or discontinued.
Prophix automates repetitive business processes such as allocations, data imports, consolidation, and currency conversion and ensures that organizations adhere to applicable standards and policies. The platform integrates with data directly from multiple sources using built-in account mapping features. Workflow and collaboration features allow users to assign tasks and facilitate approvals from stakeholders.
Prophix is a great system for organizing all of the financial information in a useful manner. It allows for easy manipulation of reports and viewing various different areas in a very quick time period. It's great for allowing all to budget on their own specific areas and have it all roll up into one. It also allows easy personnel planning.
Prophix isn't as user friendly for non-financial individuals. I have received a lot of feedback internally that it isn't an easy system to use or understand. It does not export cleanly to excel which requires additional effort in excel to make the data useable.
Prophix is a great software that is very multifunctional. You can use it for many different applications and design it to be as complicated or simple as your needs dictate. Our installation uses a function labeled Relational Data Views and allows users to drill into a total on a P&L and view the transactions from the GL system that make up the balance. This frees up Accounting from answering simple questions and allows the users to contact us less frequently.
Prophix does a great job on listening to users. We have located minor issues\bugs in the past but they are receptive to feedback. They also have a feedback forum for enhancement requests and users get to vote on each other’s ideas.
I like the simplicity that Prophix brings to its software. Building on OLAP cube technology, data can be sliced and diced as much as you like. They have an outstanding product feedback function, where users can request enhancements to the tool. In fact, many of the enhancements are customer driven. Total cost of ownership is low, including initial price point.
There isn't much I don't like about the software - the full control that the Finance team exhibits on the software keeps frustrations to a minimum.
Great price and the Helpdesk has been prompt and wonderful every time I have needed them. Dynamic information and ability to drill to specified levels of information. I think if we had a full team or at least an employee who's full time job was to manage and maintain this system it would be great.
It is dynamic and multidimensional, as someone who uses it regularly with IT experience, I find it to be a good tool. I like that we can add comments and Line item details to our Budgets and flow information through our versions if need be.
Many of our managers do not use our system regularly since the Product can be a little confusing for end users that are not in the IT or accounting world. Sales Managers find it difficult to remember what steps/versions they should be using. Also, it looks similar to Excel but the screen is smaller and the system has many quirks when trying to build templates, especially when involving formulas.
This was a welcome replacement of two separate unsupported software packages.
I really like the flexibility and ability to get all of our financial reporting, budgeting, KPI data on one platform.
Still new to the software, so i have no major issues yet that aren't attributable to end user error.
Contact Prophix for detailed pricing information.
Voici quelques-unes des questions fréquentes sur Prophix.
Types de licences disponibles pour Prophix :
Type de licence: Abonnement
version d'essai gratuite: Non disponible
Contact Prophix for detailed pricing information.
Fonctionnalités du logiciel Prophix :
Utilisateurs habituels du logiciel Prophix :
Grandes entreprises, Entreprises de taille moyenne, PME
Langues dans lesquelles Prophix est disponible :
Types de licences disponibles pour Prophix:
Nous n'avons pas d'informations sur les appareils pris en charge par Prophix.
Nous n'avons pas d'informations sur les intégrations offertes par Prophix.
Ressources d'aide disponibles pour Prophix :
Forum, Base de connaissances, Support en ligne, Support téléphonique