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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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.

Verified User in Furniture
UF
Mid-Market (51-1000 emp.)
"Powerful, flexible reporting tool"
What do you like best about Prophix Software?

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.

What do you dislike about Prophix Software?

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.

Steven Ryan M.
SM
Manager of FP&A
Mid-Market (51-1000 emp.)
"Excellent software, even better team!"
What do you like best about Prophix Software?

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.

What do you dislike about Prophix Software?

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.

Matheus L.
ML
Coordenador de equipe
Small-Business (50 or fewer emp.)
"Prophix Consultant Review"
What do you like best about Prophix Software?

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

What do you dislike about Prophix Software?

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

Verified User in Financial Services
UF
Small-Business (50 or fewer emp.)
"Good tool for monthly analysis and budgeting"
What do you like best about Prophix Software?

allows for quick variance analysis and multiple budget scenarios Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

sometimes difficult to integrate with erp and causes problems Review collected by and hosted on G2.com.

Joe S.
JS
Accounting Manager
Mid-Market (51-1000 emp.)
"Fantastic product, slow implementation"
What do you like best about Prophix Software?

The experienced Prophix consultants are a pleasure to work with and very knowledgeable. The product itself is powerful and provides valuable insights, reports, analytics and process improvements. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Implementation was over-promised and under-delivered. EDIT: this is now my second implementation of Prophix and while this statement still stands true, this second implementation did go better than the first. We still went way over our planned implementation time and needed to purchase several extra blocks of support hours, though. Review collected by and hosted on G2.com.

Verified User in Manufacturing
AM
Mid-Market (51-1000 emp.)
"Extremely useful and powerful"
What do you like best about Prophix Software?

Prophix is powerful and intuitive. Which is not always something you see in one software. It makes finding data super easy with the slice and dice feature and you can build powerful templates to keep other stakeholders in the business informed about important financial data. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

I have no real complaints about Prophix, still relatively a new user. I would like to see better sorting options on the document explorer for files but that is minor. Review collected by and hosted on G2.com.

AH
Mid-Market (51-1000 emp.)
"Easy to Use. Little need for IT involvement"
What do you like best about Prophix Software?

Prophix is easy to use, easy to learn and doesn't need IT to be involved heavily for implementation. Customer support has been top notch and there is so much easy trainings to learn. There are so many ways to get help and self support. I use this software daily and it is just so seemless to get your data. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Some of the courses for trainings have significant overlap which makes them take longer to complete. Review collected by and hosted on G2.com.

GB
Enterprise (> 1000 emp.)
"Prophix"
What do you like best about Prophix Software?

Centralized Data that all reports pull from so don't have to worry about updating multiple reports when an assumption or input changes.

Ease of accessing infomration in a user friendly way.

Cloud based for users to be able to access their financial reports. No more emailing out several different files to different users. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Limited Customization for Visuals

Support can be slow Review collected by and hosted on G2.com.

CH
CFO
Mid-Market (51-1000 emp.)
"Solid Product and Great Customer Service"
What do you like best about Prophix Software?

The overall functionality and robust solutions the product offers. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

It's a bit of a steep learning curve up front to learn how to build out the software. 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
G2
Verified User
Last activity about 5 years ago

Will there be more MS365 learning videos?

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