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 Accounting
UA
Enterprise (> 1000 emp.)
"Best setup for consolidations available"
What do you like best about Prophix Software?

Allow us to consolidate multiple subsidiaries in a way that we can pull Bay data we need in a quick and efficient manner. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

The speed slowed when we had too many users using Prophix Review collected by and hosted on G2.com.

Lonnie S.
LS
Senior Vice President Information Technology
Mid-Market (51-1000 emp.)
"Very scalable and affordable system"
What do you like best about Prophix Software?

Prophix is straight-forward to deploy and their team ensures you are up and running quickly. This system is significantly easier to use than the previous one, and we had a quick and wide adoption. Prophix can be run by your Finance team eliminating the need for multiple IT staff to maintain it. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

The previous version did not have a good web client. This meant we had to deploy the client for international staff via Citrix. Review collected by and hosted on G2.com.

Cassie D.
CD
Assistant Controller
Oil & Energy
Mid-Market (51-1000 emp.)
"Great time saving tool"
What do you like best about Prophix Software?

Prophix has streamlined our budgeting process. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

There is a learning curve as with any new system. Review collected by and hosted on G2.com.

Jonathan M.
JM
Accounting Manager
Staffing and Recruiting
Mid-Market (51-1000 emp.)
"Great Experience from Backend to Front end user"
What do you like best about Prophix Software?

how easy it is to select and move around different dimensions when building a report Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Smartclient, too oldschool., we haven't upgraded to web client yet so that will soon go away. Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
AH
Mid-Market (51-1000 emp.)
"We are using Prophix as financial reporting tool to read data from ERP"
What do you like best about Prophix Software?

Features and functions. It is able to manipulate the data and format the way finance leads or customers wanted Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

The way Prophix handle the licenses for DEV and UAT. They won't have those licenses and you have to buy Review collected by and hosted on G2.com.

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

I like that is a big database to store financials. It is better than a ton of spreadsheets. I love setting up tasks to be pushed out. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

The limitations of if I want to see the total of financials in a department forecast/budget then the option of Line Item details goes away unless I select Unspecified.

inconsistency in how to do the same functions. To submit is in a different location on template vs dpm is one example. If I am designing a template, formatting or options are accessed different if I am doing an Ad Hoc or a Dataview.

There is too much flipping between tabs to compare. It seem like there isn't a "one-stop-shop" to see what is needed. Setting up a report to pull that is a lot!

You can have more than one Ad-Hoc open at a time Review collected by and hosted on G2.com.

Verified User in Construction
AC
Mid-Market (51-1000 emp.)
"We are primarily using the software for consolidation and reporting. Very flexible and easy to use."
What do you like best about Prophix Software?

Very easy to use - don't need to be an IT employee to be an administrator. Ad Hoc is a very powerful tool. The ability and ease of creating alternate hierarchies is a huge benefit. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Setting up and maintaining security is somewhat cumbersome. The use of name sets is very powerful but there is no way to trace where they are used so maintenance can be challenging. Review collected by and hosted on G2.com.

Melissa H.
MH
Senior Vice President and Corporate Controller
Hospital & Health Care
Enterprise (> 1000 emp.)
"SVP of Financial Systems"
What do you like best about Prophix Software?

Prophix software has helped our company shorten our budget cycle and implement a successful forecasting process. In addition to a great product, where Prophix shines is with outstanding customer service. Their customer service reps, consultants and system architects are all very knowledgeable. Selecting Prophix has been a great decision for my company. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

We have used Prophix for over 6 years. It has served us well and I do not have any dislikes. Review collected by and hosted on G2.com.

Robert-Jan v.
RV
Senior Consultant
Information Technology and Services
Small-Business (50 or fewer emp.)
"Strong for financial budgeting, reporting and consolidation"
What do you like best about Prophix Software?

The report builder called template studio, this is an Excel style report builder which is very easy and user friendly but allows you to create very powerful templates.

The workflow manager allows you to create for example a budget process, which consists of various steps, you can set dependency and monitor the progress.

Financial controller is a module for financial consolidation, you can set up various types of ownership, link it to specific accounts and Prophix will automatically generate the eliminations journal entries. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Prophix is based on Microsoft SSAS cubes, and for certain reports like top 20 customers you need to use MDX.

It is not possible to add more dimensions to your model once you created it. So you need to start over again if you want to add an extra dimension to your model.

You should try to limit the model to 6-7 dimensions otherwise it will cost you performance.

It doesn't not have the fancy interactive dashboards like PowerBI of Qlikview Review collected by and hosted on G2.com.

Verified User in Medical Devices
AM
Mid-Market (51-1000 emp.)
"Prophix is an exciting finance tool with endless possibilities."
What do you like best about Prophix Software?

The ability to have all the reports preformatted and after a brief import and consolidation to be able to immediately have them to management for review. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Prophix 12 has much more capability than its predecessor but the ease of using Prophix Enterprise is forever challenging P12 since the Legacy product was so user friendly and did not require as much help from IT and programmers. 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