Prophix Software

Prophix Software


4.5 / 5
31 reviews

Who Uses This Software?

Prophix enables more than 3000 companies, of all sizes and in every industry, to automate and integrate their budgeting, forecasting, reporting, and planning.


Average Ratings

31 Reviews

  • 4.5 / 5
    Overall

  • 4 / 5
    Ease of Use

  • 4.5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Demo
    Yes
  • Deployment
    Cloud, SaaS, Web
    Installed - Mac
    Installed - Windows
    Mobile - Android Native
    Mobile - iOS Native
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours
    24/7 (Live Rep)

Vendor Details

  • Prophix Software
  • www.prophix.com/
  • Founded 1987
  • Canada

About Prophix Software

Prophix gives you control over your budget process by saving time and eliminating frustration. Whether your budgeting scenarios are simple, extremely complex, or somewhere in between, Prophix will help you improve efficiency, budget consistently and accurately, and leave you more time for meaningful analysis.


Prophix Software Features

  • "What If" Scenarios
  • Asset Planning
  • Balance Sheet
  • Cash Management
  • Consolidation/Roll-Up
  • Forecasting
  • General Ledger
  • Multi-Company
  • Multi-Department/Project
  • Profit/Loss Statement
  • Version Control
  • Ad hoc Analysis
  • Ad Hoc Reports
  • Budgeting & Forecasting
  • Consolidation / Roll-Up
  • Dashboard
  • Key Performance Indicators
  • Predictive Analytics
  • Qualitative Analysis
  • Quantitative Analysis
  • Scorecarding
  • Strategic Planning
  • "What If" Scenarios
  • Audit Trail
  • Balance Sheet
  • Cash Management
  • Consolidation / Roll-Up
  • Forecasting
  • General Ledger
  • Income Statements
  • Multi-Company
  • Multi-Department / Project
  • Profit / Loss Statement
  • Customizable Dashboard
  • Data Source Connectors
  • Drag & Drop
  • Drill Down
  • Financial Reports
  • Forecasting
  • Marketing Reports
  • OLAP
  • Report Export
  • Sales Reports
  • Scheduled / Automated Reports
  • Competitor Analysis
  • Correlation Analysis
  • Dashboard
  • Dynamic Modeling
  • Exception Reporting
  • Graphical Data Presentation
  • Modeling & Simulation
  • Performance Metrics
  • Sales Trend Analysis
  • Statistical Analysis
  • Budgeting & Forecasting
  • Dashboard
  • Goal Setting / Tracking
  • Idea Management
  • KPIs
  • Modeling & Simulation
  • Roadmapping
  • Scenario Planning
  • Scorecards

Prophix Software Reviews Recently Reviewed!


Flexible and Cost Effective

Dec 18, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: This software is easy to use and administer and provides all the functionality that we needed for a fraction of the price of some of the other systems. Offers on-prem (with cloud access) or cloud only. Great for planning and consolidating across a distributed organization. Handles multiple locations/currencies/ERP's seamlessly. Ability to establish connection to other systems and run regular imports. We have been able to use this system for our consolidated financial reporting. The DPM module allows us to build out HR Cost projection at a very granular level to increase accuracy and quality of our forecasting and budgeting. It is very flexible and the customer success team is always looking for ways to improve the product and help you utilize it to its full potential.

Cons: The formatting of templates and reports can be a little quirky and there are some limitations with using Excel based formulas but nothing insurmountable.

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CPM Made Easy

Dec 19, 2018
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: As a finance employee, I enjoy the freedom of being able to control and maintain Prophix with minimal IT support. We have an on-premise server and I am able to RDP into the system if needed and reset services, modify tables, and update to the latest Prophix version without having to include our IT department. This allows me to quickly diagnosis issues and work more efficiently.

Cons: Report building can be problematic at times, especially when creating large reports with multiple data views.

Overall: We used to consolidate all of our financials for 20+ agencies using excel and it was a nightmare. After using Prophix we have been able to reduce errors, improve reporting, and be more analytical. The latest commentary functionality allows us to exclusively use Prophix for our forecasting and analytics.

Great Product with Excellent Customer Support

Jan 23, 2019
5/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I like the flexibility of this product. You can build any type of report, forecast, calculation, etc. that you want as long as you can feed data to it. I also really like the customer support - they are very helpful and responsive when their's a problem.

Cons: There are some manual activities maintenance activities you need to do. I can navigate it fairly well with the documentations provided.

Overall: My overall experience has been great. They support customers through their Prophix Academy and annual user conference. The monthly webinars are very informative. The staff is always very friendly and easy to work with. We are hoping to bring more processes into Prophix in the future.

Robust and flexible with on-premise deployment option

Dec 18, 2018
5/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Robust framework for Detailed Planning of HR, CAPEX, etc. plus ability to define workflows to support custom business processes in these areas. Also it is built on Microsoft SQL Server stack, which is ideal for our org as our other systems are based on the same and we can set up highly customized integrations using familiar technology.

Cons: Updates for the on-prem deployment are a little cumbersome and involve an uninstall/reinstall, plus editing web config files if you're deploying the web client.

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Prophix Saves us Time and Money

Jan 18, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Prophix saves our team multiple days of work every month and multiple days during budgeting and planning every year. We have improved reporting and analysis. We can pull data from several sources and consolidate in one place.

Cons: Graphing capabilities, but they have communicated that it is in the product roadmap.

Overall: It is far superior than any other software I have used for reporting. Prophix makes everything we use it for easier and faster. The support team is easy to work with.

Help your users help themselves!

Nov 25, 2015
5/5
Overall

4 / 5
Ease of Use

4.5 / 5
Features & Functionality

4.5 / 5
Customer Support
Likelihood to Recommend: 9.0/10 Not
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Pros: 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.

Cons: 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.

Recommendations to other buyers: Pay attention to the amount of IT resources that are required for the different vendors. Most aspects of Prophix are maintained by an admin in the finance department which works well in our company.

Prophix Power User

Feb 06, 2018
4/5
Overall

3 / 5
Ease of Use

4 / 5
Features & Functionality

3 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: Great for budgeting and forecasting. You can set up different templates to budget and forecast and other users can enter their values. Limits user access to certain areas. Has a personnel planning feature that eases the budgeting process for all wages, taxes, and benefits. Has a good reporting feature and interacts with your accounting software to import info with ease.

Cons: If you need to upgrade or make a large change you have to ask for support from Prophix and they aren't always easy to work with or quick to fix major issues. The reporting feature requires a lot of manual steps to set up new reports. It isn't super user friendly if you don't use it on a regular basis.

Great Product - Enhancements Galore!

Apr 19, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Accessibility on web and and smart client, continued improvement and great customer support. Reporting and budgeting capabilities are limitless.

Cons: Dashboards have few updated features. However, feedback has been heard and enhancements will soon be released based on latest news.

Awesome CPM tool!

Nov 24, 2015
5/5
Overall

4 / 5
Ease of Use

4.5 / 5
Features & Functionality

4.5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: 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.

Cons: 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.

Recommendations to other buyers: Do your homework - make sure that the finance department maintains control of the software and programming. Some tools need IT resources to program reports and analyze data - that was not something I was interested in.

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Amazing, if you have the time

Jan 29, 2019
5/5
Overall

4 / 5
Ease of Use

5 / 5
Features & Functionality

3 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The functionality of this program is astounding. Having all of your financial and statistical data easily accessible in one place really makes a difference.

Cons: It takes a considerable amount of time to learn how to manage certain aspects of the program.

Great Product

Mar 21, 2019
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I really like the ease of use of this product. Makes it easy to train a new user on how to get information.

Cons: There are many limitations to using this product as far as formatting and amount of info used in a single report.

Prophix Review

Jan 24, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The software is flexible. Allows you to have multiple versions and multiple cubes

Cons: Sometimes the software is slow in generating reports

Overall: One-source place for data. Budgeting/forecasting and financial statements

Prophix Review

Apr 17, 2019
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The ease of use and customer service staff.

Cons: Constant changes with out the reminder to update

Overall: Exciting

Prophix for Budgeting

Dec 21, 2017
4/5
Overall

3 / 5
Ease of Use

4 / 5
Features & Functionality

5 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: 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.

Cons: 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.

Overall: 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.

Easy to use, easy to administer, easy to configure

Dec 19, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Software is great to work with - very user friendly administration portal. Templates make for great re-use of information, with easy changes to named-sets (variables).

Cons: Nothing - great system - the more you maintain it, the more you can get out of it.

Overall: Easy administration of Income Statement mapping from an otherwise onerous GL system.

Prophix Review

Apr 15, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support
Likelihood to Recommend: 10.0/10 Not
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Pros: It's transformational. Our process was completely manual utilizing Excel. The power, flexibility and intuitiveness will change the way we budget, forecast, re-forecast and plan for the future

Cons: Reporting - need to add functionality that easily allows you to take an existing report and replicate the model without having to re-select each account or group.

Overall: Overall experience so far has been outstanding. The team is supportive and very knowledgeable. Always thinking outside the box to find a solution.

Budget your Expenses and Revnue with Prophix Software

Mar 06, 2019
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality
Likelihood to Recommend: 9.0/10 Not
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Pros: Prophix Software enables our finance team to enter and coordinate budgets for the entire company. We all can go into it at any time to see how much we have budgeted for a given project or department in a given time frame.

Cons: When you have a lot of different people entering and approving budgets, it is hard to know when your budget was changed and by whom. So, you may go into the software thinking your budget is one number and another number shows up, without really knowing why.

Overall: Prophix Software is very detailed, allowing you to budget month by month. I have been using it for my budgets for 2 years now, and it has worked for me and my company in detailing several rounds of budgets each year.

Early implementer but so far the Prophix team has been there every step of the way.

Jul 19, 2018
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I really like the flexibility and ability to get all of our financial reporting, budgeting, KPI data on one platform.

Cons: Still new to the software, so i have no major issues yet that aren't attributable to end user error.

Overall: This was a welcome replacement of two separate unsupported software packages.

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12YearProphix User_Review

Jan 25, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality
Likelihood to Recommend: 8.0/10 Not
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Pros: Ease of use.

Little learning curve.

Stable and reliable.

Cons: Licensing and User Roles is confusing for users.

Overall: Budget Planning and Analysis

Construction review

Jan 18, 2019
3/5
Overall

5 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: its very flexible and provided what we needed

Cons: sometimes it can be a little slow and has crashed in the past

Overall: it met all of our needs and is a great software

Good analytical software

Aug 10, 2017
4/5
Overall

4 / 5
Ease of Use

4 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: compatible with microsoft sql & analytical products like Excel, PPT Capable of running high frequency ratios/metrics

Cons: on sql server or flat files data can be integrated into the software for analytical purposes Small scale system, still needs to be enhanced further

Good product, room for improvement

Apr 25, 2016
4/5
Overall

4 / 5
Ease of Use

5 / 5
Customer Support

Comments: Product concepts are great. Detailed planning module is separate from budget module which creates good security for segregation of duties. I have been using Prophix for budgeting since Priphix Enterprise. However, software displays are not very user friendly. It's difficult for users who take part in budget once or twice a year to remember the icond that lead to different views and functionality. I have got too many user requests to be re-trained every year. So I decided to distribute template in Excel then upload back to Prophix.

Great Customer Service

Jan 30, 2019
5/5
Overall

5 / 5
Ease of Use

5 / 5
Features & Functionality

5 / 5
Customer Support

5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: The interface is very user friendly. It has a ton of options but is not overwhelming and it's easy for someone with minimal training to use.

Cons: There are no cons with Prophix Software.

So much potential

Apr 26, 2016
4/5
Overall

2 / 5
Ease of Use

2 / 5
Customer Support

Comments: The program has so much potential, but it's difficult to learn how to harness it. Trial and error has been our method so far, which has helped tremendously in the learning process, but is very time consuming. The customer service line seems to only have 4 people working it and has not been very helpful. Overall it's a great product if you have the resources and time to put into it.

Budgeting was very easy to work with and learn, especially compared to managing many many excel spre

Apr 26, 2016
4/5
Overall

4 / 5
Ease of Use

5 / 5
Customer Support

Comments: It definitely has a learning curve but it's a great program to use once you understand it. I cannot wait until we implement more into our program. Teaching new users to use the program is great, this was my first program where I lead the training and I was quite comfortable presenting due to the ease of accessibility of information.

Prophix Business Performance Management

Oct 07, 2016
4/5
Overall

3 / 5
Ease of Use

5 / 5
Features & Functionality

4 / 5
Customer Support

4 / 5
Value for Money

Comments: Prophix Business Performance Management is allowing us to track the performance of our company in real time, everything flows through to the end user and reports and can be viewed to assess where were are for the month.

Full budgeting solution

Apr 25, 2016
5/5
Overall

4 / 5
Ease of Use

4 / 5
Customer Support

Comments: Prophix allows detailed budgeting through DPM, line item details, and flexible templates. Would prefer better drill down from company summary to cube values for reports.

Can't imagine a better way to prepare a budget approx 50 depts & 3 funds

Apr 25, 2016
5/5
Overall

3 / 5
Ease of Use

5 / 5
Customer Support

Comments: Pros are assimulating data efficiently & timely for multiple depts & funds

Cons: when deleting line item details for current year, it deletes prior year details.

Easy to use, fully integrated into our actuals

Apr 14, 2016
4/5
Overall

4 / 5
Ease of Use

4 / 5
Customer Support

Comments: easy to use, lots of opportunity to rearrange data. Formatting abilities sometimes limited, lots of versions required for variances.

Very easy tool

Apr 25, 2016
5/5
Overall

5 / 5
Ease of Use

5 / 5
Customer Support

Comments: Making templates and reports are too easy. We can see quikly all data to make decisions on accurately

Revenue Reporting and Planning, Financial Reporring and Planning

Apr 25, 2016
5/5
Overall

5 / 5
Ease of Use

5 / 5
Customer Support

Comments: It can do anything to need it to, there's always a way!