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 Integrations

(5)
Verified by Prophix Software

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 (216)

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Reviews

Prophix Software Reviews (216)

View 5 Video Reviews
4.4
216 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

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Anna L.
AL
Financial Analyst
Mid-Market (51-1000 emp.)
"Prophix Makes Financial Management Easier"
What do you like best about Prophix Software?

I really appreciate how intuitive Prophix is for financial planning and reporting. The interface is clean and user-friendly, which makes it easy to build and manage budgets or forecasts. Plus, the automation features save a ton of time, especially when it comes to consolidating data across multiple departments or business units. It’s also flexible enough to tailor to specific needs, which is great for companies of different sizes and industries. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

One thing I’d say could be improved is the initial learning curve. While the interface is user-friendly, some of the more advanced features can be a bit tricky to get the hang of without proper training. The setup process can also be a bit time-consuming, especially if you’re trying to integrate it with other systems. Once you’re past that, though, it works really smoothly! Review collected by and hosted on G2.com.

Verified User in Accounting
AA
Mid-Market (51-1000 emp.)
"Unlocked Potential"
What do you like best about Prophix Software?

The most important part about Prophix, is that it has become a one stop shop for our Actuals and Plan data. The cohesiveness of the system along with the ability to collaborate with department leads allows for the data to be more accessible, and accurate. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

While Prophix is a very robust tool, that is it's same pitfall. Users who are not constantly utilizing Prophix, will find it difficult to navigate and burden falls on the administrator or other advanced users to assist less frequent users. Essentially, like any other software, practice makes perfect. Review collected by and hosted on G2.com.

Verified User in Oil & Energy
AO
Small-Business (50 or fewer emp.)
"workable"
What do you like best about Prophix Software?

the ai features looks promising. support is very helpfull Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

limited features on workflows and various other limitations Review collected by and hosted on G2.com.

Verified User in Consumer Goods
AC
Enterprise (> 1000 emp.)
"Innovative Product with Useful Reporting"
What do you like best about Prophix Software?

Prophix is really good at allowing its users to build reports quickly, or take currently existing reports and turn them into a different view in a short time. Distributing reports to end users is really easy through the Report Binder tool. The management of changes in accounts and business units are easy to make. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

The administration and process side of prophix can be a headache when things break or wipes the cube of all data, it can be hard to audit what went wrong and why. Review collected by and hosted on G2.com.

Verified User in Electrical/Electronic Manufacturing
AE
Mid-Market (51-1000 emp.)
"Great Software - has changed the way we work"
What do you like best about Prophix Software?

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.

What do you dislike about Prophix Software?

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

Bob S.
BS
IT Strategy and Implementation Consultant
Mid-Market (51-1000 emp.)
"Fast TTM and comprehensive platform for easing Fin Plan pain (Excel Hell) for complex organizations"
What do you like best about Prophix Software?

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.

What do you dislike about Prophix Software?

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.

Bryan C.
BC
Financial Consolidation Accountant
Mid-Market (51-1000 emp.)
"Amazing support and implementation"
What do you like best about Prophix Software?

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.

What do you dislike about Prophix Software?

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

BS
Prophix
Enterprise (> 1000 emp.)
"Friendly tool and easy to learn"
What do you like best about Prophix Software?

The tool is very flexible for customizing the software to our business needs and even if we need to rebuild the structures and data cubes. The experienced Prophix consultants are a pleasure to work with and very knowledgeable. The budget can be housed within Prophix rather than within multiple spreadsheets.

Other highlights are Multi-tiered Allocations, great at Variance Analysis, helps with budget streamlining, its flexible for building reports on almost anything in any format and staying powerful with analysis of huge volumes of data. They also have an amazing community forum of users to support each other. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Dashboard aspects is still a little weak, and graph editing could be better on the advanced graph editing; as excel is still more capable of that. Report builders usage to build a report to match something that you were doing in excel can be a challenge sometimes. Review collected by and hosted on G2.com.

Corey H.
CH
CFO
Mid-Market (51-1000 emp.)
"Robust and Flexible Product with Great Support"
What do you like best about Prophix Software?

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

What do you dislike about Prophix Software?

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

MS
Mid-Market (51-1000 emp.)
"Moved from being a Prophix Newbie to now a 2.5 year Veteran...."
What do you like best about Prophix Software?

* 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.

What do you dislike about Prophix Software?

* 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.

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
G2
Verified User
Last activity almost 3 years ago

How does Prophix leverage Artificial Intelligence for Corporate Performance Management?

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..)?

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