Prophix Software Reviews & Product Details - Page 2

Prophix has allowed us to streamline and improve our processes not only within the finance function but also within the wider business Review collected by and hosted on G2.com.

Sometimes the MDX coding can be complex. Review collected by and hosted on G2.com.

My client had 7-10 different budget processes going on across the company, each with their own excel templates and timeframes. Melding them into a single forecast was impossible. Codes, objectives, times, and even the base entities were different from each other. Maintaining the templates was difficult, we were constrained in updating them to meet changing requirements if the original authors were no longer with the company, and many of them required manual data updates on a monthly basis from the client's 3 different ERPs.

Prophix has changed all of this for us. For those excel templates that were already meeting our needs but required manual updates, we converted them into Prophix templates based on it's centralized cube data structure. Multi-user updates, automated imports from our ERPs, and the ease of which we can pivot the data into alternate views has been a game-changer. The ability for Prophix to have different data sets for different planning needs, then being able to merge them into a consolidated data set using their Data Integration Studio, is another game changer. All excel formulas are supported in Prophix templates, so it was easy for our excel super-users to convert to Prophix; but the template structure is organized and defined enough that it's easy to pick up for even moderate or entry level users.

Since differnet deparments have their own planning schedules, we now have users in the system daily from different parts of the organization.

We use their workflow feature to alert parties of their outstanding planning and/or reporting tasks, track task completion, collect approvals, and publish "binders" as attachments to emails for executive distribution.

We don't need to use customer support very often, but when we do, they are always quick to reply and thorough in their help. Review collected by and hosted on G2.com.

The biggest downside is not being able to change a cube's dimensional structure once it's establish. Members and hierarchies within the structure are easily modifed; it's the names and number of dimensions that remains static.

Second is that all "automation" in Prophix must be internal; prophix processes cannot be invoked by external orchestration. Automation does have some limitations.

Finally, the ad-hoc flxibility for end users working with data in templates is limited. For example, filtering or sorting is part of the template definition, not adjustable by the user at runtime. Review collected by and hosted on G2.com.

What I like best about Prophix Software is that it has made our closing process more efficient, allows us to centralize all of our data (not just financial), and that the support team has been excellent. No matter who I have interacted with whether from sales, onboarding, support, or programming, ALL of them have been patient, kind, and professional. Review collected by and hosted on G2.com.

Nothing bad to say about Prophix. Genuinely love the software;. Review collected by and hosted on G2.com.

The ability to create and customize report as well as manage large data sets Review collected by and hosted on G2.com.

There are small glitches here and there, performance when it comes to large data sets is not the best Review collected by and hosted on G2.com.

Overall robustness of the product and ability to provide solutions. Review collected by and hosted on G2.com.

Complexity of setup. It can be a hard software to set up and learn. Review collected by and hosted on G2.com.

* Dramatically reduces the amount of time it takes to get the info that I need....this is huge!

* Ad-Hoc analysis is an incredible tool to have in your tool box.

* I can have access to financial reports quickly! Review collected by and hosted on G2.com.

* Sometimes if a Cube has a lot of data performance could be slowed. Not saying it does not make it unworkable but slowed.

The above is still true but I have started to RETHINK the data that we are pulling into these cubes and are seeing performance gains! Review collected by and hosted on G2.com.

This is powerful and flexible software that can report on almost anything! It can pull data from multiple sources and compile, present, and analyse it in an almost infinite number of different ways. Use it for reviewing variances year on year, or any other period(e.g. quarter, month) or budget vs actual, or generate your annual financial statements- name your reporting requirement, this program can do it. There's also lots of options for creating graphs and charts. Interactive dashboards and workflows can be set up to formalise and streamline processes. They have great customer support and a community of users with a dedicated forum for questions. They are constantly seeking feedback from their users and adding new improvements to their product. Review collected by and hosted on G2.com.

Like any other new software, this represents a huge investment in time, training, and supplier relationship. There is a great deal of software-specific jargon, although they are constantly working to simplify this, and improve the training available to users. Some steps can take a long time for the report to load. Some reports may be very difficult to build. That said they can help you redesign the report to run faster. Almost anything is possible with the right approach. They are based in Canada with a limited presence and customer base in Europe, and sometimes can feel very North-America specific. That said, this aspect is improving and they are increasing their global reach. and remain very responsive to feedback and suggestions for improvement. Review collected by and hosted on G2.com.

Prophix is user-friendly and intuitive enough for the non-tech savvy end user, yet powerful and flexible enough for creating robust, dynamic models and reports. It integrates seamlessly with existing tools and allows for a finance-focused structure that can adapt to the company's value stream and workflows. Automation and workflow management are a breeze; our budgeting and forecasting cycles have been streamlined so that we're able to focus more heavily on analysis, strategy, insights, and scenario/sensitivity testing. It's also remarkably scaleable so we're confident that the tool will grow with the company without any hitches. With automated reports and processes, my team can now focus on leveraging our data to drive the company forward instead of churning through piles of manual reports. Prophix quickly became an integral part of our daily workflow.

There's also a very involved and knowledgeable community that's able to provide ideas and insights on creative and obscure solutions to even the most complex use cases. The sales, implementation, consulting, and customer success teams are all extremely capable and friendly and it's clear that the entire Prophix team is dedicated to and motivated by your company's success! Review collected by and hosted on G2.com.

Because Prophix is meant to be a universal tool, it can take some creative problem-solving to adapt it to your needs, based on your company's complexity and data structure. It's a great addition to a reporting tool suite, but is not a replacement for tabular models like Power BI, for instance. As an example, Prophix uses a year/month aggregation for time data, so reporting and filtering data by day is not feasible outside of the Drill Across function. However, it's critical to understand what Prophix is and is not designed to do and plan your reporting toolbox accordingly. Review collected by and hosted on G2.com.

Prophix is ​​a very flexible, fast and almost bug-free tool. Review collected by and hosted on G2.com.

Some minor quality of life things, like filter columns in a report. Review collected by and hosted on G2.com.