Prophix Software

By Prophix

4.4 out of 5 stars

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Prophix Software Reviews & Product Details

Value at a Glance

Averages based on real user reviews.

Time to Implement

4 months

Prophix Software Media

Prophix Software Demo - Prophix One Portal
One single point of entry into Prophix One through our portal simplifies access and authentication but also allows you to move seamlessly between applications.
Prophix Software Demo - Prophix One FP&A
Faster Budgeting, Planning & Forecasting: empower budget owners to own their numbers, supported by Agents, and cut cycle times dramatically.
Prophix Software Demo - Prophix One Account Reconciliation
Accelerate your financial close with Prophix One Account Reconciliation
Prophix Software Demo - Prophix One Intercompany Management
Increase accuracy and improve collaboration with Prophix One Intercompany Management
Prophix Software Demo - Prophix One Financial Consolidation
Consolidate faster, more accurately and with confidence with Prophix One Financial Consolidation
Prophix Software Demo - Reporting Agent
Clearer Insights for Every Stakeholder: Agents deliver plain-language explanations and actionable insights without hours spent digging through data.
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Prophix Software Reviews (217)

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Reviews

Prophix Software Reviews (217)

View 5 Video Reviews
4.4
217 reviews

Review Summary

Generated using AI from real user reviews
Users consistently praise Prophix for its ease of use and flexibility in reporting, which significantly streamlines budgeting and forecasting processes. The software's ability to automate workflows and integrate data from multiple sources enhances efficiency, allowing finance teams to focus on analysis rather than manual tasks. However, some users note that the initial learning curve can be steep, particularly for advanced features.

Pros & Cons

Generated from real user reviews
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Verified User in Food Production
AF
Mid-Market (51-1000 emp.)
"One Source of Truth"
What do you like best about Prophix Software?

It is really nice to have all of our financial information in one location instead of multiple Excel spreadsheets in multiple places. It is easy to access and easy to compile ad hoc reports as needed. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

It can be difficult sometimes to translate something that you did in Excel to Prophix. Having said that though the CSP team is a great resource to work through those type situations. Review collected by and hosted on G2.com.

Verified User in Insurance
UI
Enterprise (> 1000 emp.)
"Good Planning Product"
What do you like best about Prophix Software?

The product is fairy Easy to learn and use Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

The product does not have advanced visualizations for management reporting Review collected by and hosted on G2.com.

Verified User in Food Production
AF
Mid-Market (51-1000 emp.)
"One Source of Truth"
What do you like best about Prophix Software?

Prophix has allowed us to have one source of truth for our Financial reporting, budgeting, and forecasting. It has taken us out of Excel "hell".

Before Prophix, we only completed plans once a year. Now we do a quarterly forecast and a yearly plan. It also allows all departments to participate in the Forecasting/Budgeting process without sending Excel spreadsheets/workbooks all over the Company. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Have no complaints at this point. Prophix is quite good at taking the recommendations of their Clients and incorporating them into an updated version. Review collected by and hosted on G2.com.

Verified User in Insurance
UI
Enterprise (> 1000 emp.)
"Prophix Review"
What do you like best about Prophix Software?

User friendly, able to input all levels of detail and multiple drill across options to see all details. Able to easily build complex processes and allocations. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

We've found that when we run into issues, we aren't always given detailed reasons as to why the issue occurred. The issue is always resolved eventually, but we'd like to know more in order to troubleshoot better ourselves. This often happens with our month-end data loads (actuals & budget). Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
AH
Enterprise (> 1000 emp.)
"Flexible software which allows for more accountability and cross function budgeting."
What do you like best about Prophix Software?

I love the flexibility of the software and being able to design it to meet any need for the company.

The Dashboarding feature has really helped our end users to adopt the software during non budgeting seasons. They are discovering what the tool can do for them. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Motivating my end users to be excited about the product and not revert back to old ways of doing things. At times the reports can take a lot of time to open. Review collected by and hosted on G2.com.

KC
Enterprise (> 1000 emp.)
"Best Reporting Software on the MArket"
What do you like best about Prophix Software?

I love the functionality of what it provides. The reports are beautiful and accurate. The system is easy to learn and maintain. The implementation was easy and the system integrates perfectly with many different ERP's . All of our users were also professionally trained by their staff as well. It is user friendly and we find managers owning their numbers more and being proactive looking into what their current numbers are and not reactive. I enjoy all the upgrade we receive being on the cloud as well. These are at no additional charge too! There is also a group of useers that all talk together and help each other with any issues we have. We can simply message each other if we want and get great ideas and new ideas Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

There is nothing I do not like. I think everything is great. Any issues I had were solved with their customer success team and they are always wanting to teach you more and help with any projects you have in the works or want to accomplish. A few years ago I disliked that I couldn't get a simple response via email if I had an issue. Now they respond how ever you like and make sure you are satisfied with their answer. They really go above and beyond to make sure you receive the help you need and are more than willing to walk you through the resolution of any issues you are having. Review collected by and hosted on G2.com.

Verified User in Financial Services
AF
Enterprise (> 1000 emp.)
"Prophix is a good way to automate repetitive processes"
What do you like best about Prophix Software?

The ability to change the design drivers Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Amendment to some templates which have lot of calculations is difficult Review collected by and hosted on G2.com.

TS
Mid-Market (51-1000 emp.)
"Improved finance department efficiency"
What do you like best about Prophix Software?

Shortened month end process considerably. Fairly intuitive to use once using the system for a while. The customer success team are great at providing advice and providing bespoke support to upskilling admin users. So much potential in the system and enjoy spending time thinking about how the system could solve issues we experience as an organisation. Relatively easy for al users, even outside of 'super users', to get on board with the basics. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Takes a little bit of time to get to grips with but worth the investment. Once out of the first 6 months or so, system begins to feel like second nature. Review collected by and hosted on G2.com.

Verified User in Transportation/Trucking/Railroad
AT
Enterprise (> 1000 emp.)
"I am loving Prophix"
What do you like best about Prophix Software?

I enjoy using the line item detail. It is extremely helpful when trying to stay organized. We have many vendors we use so being able to list them individually with the invoice amounts is a major plus! The detailed planning manager is also an amazing tool. All around, I am enjoying Prophix. It is extremely user friendly. I have very little training since I started using the software a little over a year after my team implemented it and I feel like an expert! Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

I wish Prophix and Workday communicated well. We use Workday for accounting and are having a tough time getting actuals to integrate from Workday to Prophix. Therefore, I manually am uploading the Prophix data into Workday and we don't have actuals in Prophix at the moment. This makes trend very difficult to review when you have data in two different places. I am hoping this is something that can be easier in the future. Review collected by and hosted on G2.com.

AC
Enterprise (> 1000 emp.)
"Excellent software and very knowledgeable consultants"
What do you like best about Prophix Software?

It turns financial information into easy-to-read reports that even the non-accounting employees have no trouble understanding. It is also easy to "pivot" the data so it can be looked at in a different way. It is also very helpful that our company has its own Administrators and doesn't need Prophix to create reports for us. When we do need help, the Prophix employees are very knowledgeable, and they have a background in Accounting so they understand our needs and our "lingo". Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

There is a complex piece of Prophix that is not easy to use, MDX formulas, but the intention of those is to have Prophix consultants help with them if needed. Review collected by and hosted on G2.com.

Questions about Prophix Software? Ask real users or explore answers from the community

Get practical answers, real workflows, and honest pros and cons from the G2 community or share your insights.

Verified User in Computer Software
G2
Verified User in Computer Software
Last activity almost 6 years ago

Can sales be viewed in multiple formats (e.g. by product, territory, etc..)?

Verified User
G2
Verified User
Last activity almost 3 years ago

How does Prophix leverage Artificial Intelligence for Corporate Performance Management?

Pricing Insights

Averages based on real user reviews.

Time to Implement

4 months

Return on Investment

17 months

Average Discount

11%

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Prophix Software Features
Budgeting
Forecasting
Planning
Data Analysis
Custom Reporting
Reporting Templates
Version Control
Data Import
Budget Hierarchies
Versioning
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Prophix Software