# Prophix Software Reviews **Vendor:** Prophix **Category:** [FP&A Software](https://www.g2.com/categories/fp-a-financial-planning-analysis) **Average Rating:** 4.4/5.0 **Total Reviews:** 219 ## About Prophix Software Prophix® is a global leader in financial performance management, empowering finance teams to lead with clarity, capacity, and confidence. Prophix One is a cloud-based Financial Performance Platform that unifies budgeting, forecasting, reporting, and financial close and consolidation in one secure SaaS solution. Powered by Prophix One Intelligence (AI), the platform automates data preparation, identifies anomalies, and delivers actionable insights. Built-in workflows and configurable templates are designed to accelerate implementation and enable faster time to value. The user interface is tailored for finance professionals, supporting adoption without requiring extensive technical expertise while maintaining enterprise-grade security and controls. With nearly four decades of innovation and more than 3,000 customers across over 100 countries, Prophix is trusted partner to organizations managing complex financial processes at scale. ## Prophix Software Pros & Cons **What users like:** - Users appreciate the **ease of use** of Prophix Software, enjoying its user-friendly design and flexibility for in-house management. (19 reviews) - Users value the **efficient reporting capabilities** of Prophix, enhancing flexibility and reducing workflow bottlenecks. (16 reviews) - Users praise Prophix Software for its **efficient financial management** , enhancing reporting, onboarding, and dynamic data analysis. (14 reviews) - Reporting Efficiency (12 reviews) - Users benefit from the **time-saving features** of Prophix Software, streamlining budgeting and reporting processes effectively. (12 reviews) - Users benefit from the **automation of data consolidation** in Prophix, enhancing accuracy and accessibility for financial reporting. (11 reviews) - Data Management (11 reviews) - Users value the **exceptional customer support** from Prophix, enhancing their overall experience and software usability. (10 reviews) - Users find Prophix's **efficiency in automation and data integration** a transformative asset for streamlined finance processes. (10 reviews) - Integrations (10 reviews) **What users dislike:** - Users experience **slow performance** with Prophix, particularly in processing reports and building forecasts, leading to frustration. (7 reviews) - Users often face a **steep learning curve** with Prophix Software, requiring significant time and training for effective use. (7 reviews) - Users report a **steep learning curve** with Prophix, necessitating significant time and training for effective use. (6 reviews) - Users find the **steep learning curve** of Prophix Software can complicate initial setup and mastery for new users. (6 reviews) - Users find the **limited functionality** of Prophix Software a significant challenge, hindering effective reporting and workflows. (6 reviews) - Users feel the **missing features** in Prophix limit usability, requiring external tools for reporting and dashboard improvements. (6 reviews) - Limited Flexibility (5 reviews) - Reporting Issues (5 reviews) - Difficult Setup (4 reviews) - Integration Issues (4 reviews) ## Prophix Software Reviews ### 1. Strong for financial budgeting, reporting and consolidation **Rating:** 4.0/5.0 stars **Reviewed by:** Robert-Jan v. | Senior Consultant, Information Technology and Services, Small-Business (50 or fewer emp.) **Reviewed Date:** December 30, 2016 **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. **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 **Recommendations to others considering Prophix Software:** I would strongly advise to take courses or onside training to get the maximise your investment. This allows you also to create own model and reports and be less dependant of consultants. **What problems is Prophix Software solving and how is that benefiting you?** We use Prophix for consolidation and reporting at holding companies, we import data from all the entities, transform the data to the reporting chart of account structure and run an automatic consolidation. As a result of this we can now do a monthly close in only 2 days instead of 5 days. We use Prophix for budgeting and forecasting, we automatically distribute input templates to the budget owners, the enter the data and add comments. All the data is automatically imported and management can review the aggregated results. We have much more control over the budget process, We can do a couple of budget rounds before we come to the final budget and with the same process we run the monthly forecast process. ### 2. Prophix is an exciting finance tool with endless possibilities. **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Medical Devices | Mid-Market (51-1000 emp.) **Reviewed Date:** June 07, 2017 **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. **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. **Recommendations to others considering Prophix Software:** Excellent choice but be patient through implementation and first 6 months of use... **What problems is Prophix Software solving and how is that benefiting you?** We use Prophix for our planning, forecasts, monthly financial comparisons, global financial consolidations, cashflows and product lines so we are trying to get the most efficient use out of the product. ### 3. A configurable product easily maintained by the business users **Rating:** 4.5/5.0 stars **Reviewed by:** Tovi K. | Finance Manager, Planning Systems, Oil & Energy, Enterprise (> 1000 emp.) **Reviewed Date:** March 14, 2017 **What do you like best about Prophix Software?** The product doesn't require IT intervention except for the initial setup, backup, and the version upgrades. The tool used for designing reports is spreadsheet based and have some of the Excel functionalities built in. Setting up a process doesn't require any script knowledge and only drop down menus are used which makes it easy to setup and maintain. The helpdesk is quick to respond and the analysts are very knowledgeable. The product is constantly being improved. **What do you dislike about Prophix Software?** It would be better if the product was a little bit faster in running processes/reports. **What problems is Prophix Software solving and how is that benefiting you?** We are using Prophix for our actual month end management reporting purposes, as well as for our annual budget and rolling forecasts. ### 4. Very flexible system, wish performance was better **Rating:** 3.5/5.0 stars **Reviewed by:** Joshua W. | Treasurer - Financial Systems, Planning & Analysis, Maritime, Mid-Market (51-1000 emp.) **Reviewed Date:** March 14, 2017 **What do you like best about Prophix Software?** Flexible system that I can make changes to without needing to go to IT. Also sits on Microsoft solution stack, which is what we use, so it makes it easy to access not only via Prophix, but directly via other means such as SQL/MDX queries or Excel pivot tables and CUBE functions **What do you dislike about Prophix Software?** Performance is still a problem for me - there seems to be a lot of overhead. Also, when doing heavy duty MDX calculations, it seems that processors aren't fully utilized (seems like only one processor gets used, so if you have 4 processors, you will only get about 25% utilization - this might be a Microsoft problem with Analysis Services though, not sure). Also, if they can't find a solution to a problem quickly, support seems to take FOREVER to fix things - I have several open tickets now that are YEARS old. **What problems is Prophix Software solving and how is that benefiting you?** Primarily using Prophix for budgeting process. Prophix allows us to get away from spreadsheets and the related data integrity problems. Also allows for workflows and the ability to gain visibility into the status of the budgeting process. ### 5. Budgeting and reporting fundamentals are well covered with Prophix Software. **Rating:** 3.0/5.0 stars **Reviewed by:** Rachel L. B. | Advisory Council Member, Non-Profit Organization Management, Mid-Market (51-1000 emp.) **Reviewed Date:** March 17, 2017 **What do you like best about Prophix Software?** - Prophix Software facilitates the entering, review of and consolidating data across a number of projects, departments, locations and companies. - The ease of loading and comparing budget versus actual financial performance - The look and feel of EXCEL - Ability to attach source documents and record budget assumptions **What do you dislike about Prophix Software?** - Prophix Software can be 'glitchy' in that applications or reports launched can continue to run without notice that something is wrong. - Ability to develop forecast projections based on actuals - User administration is clumsily - Reporting and/or establishing reports not user friendly **Recommendations to others considering Prophix Software:** - Need dedicated AR Issues focus. - Ongoing maintainenance of software **What problems is Prophix Software solving and how is that benefiting you?** - Transparency to program (project) spend, e.g., who did what to whom ... - Managing growth - Curtail unnecessary spend - Grant (contract) administration and management ### 6. Simple, does a lot and easy to manage **Rating:** 3.0/5.0 stars **Reviewed by:** Verified User in Medical Practice | Enterprise (> 1000 emp.) **Reviewed Date:** October 12, 2017 **What do you like best about Prophix Software?** Format is fairly straight forward and maintenance is not to complex. **What do you dislike about Prophix Software?** The formatting of the reports & budget templates seem pretty archaic. **What problems is Prophix Software solving and how is that benefiting you?** Budget operations, realization and accountability. ### 7. Prophix Software Review of a New Customer **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Information Services | Enterprise (> 1000 emp.) **Reviewed Date:** June 01, 2017 **What do you like best about Prophix Software?** The drill down and drill across features of the software. A user is able to do a lot of their own analysis. **What do you dislike about Prophix Software?** Because it is a powerful product with a lot of capability, a person does need to spend time in the product to learn it and to start to get the big benefits of the product. **Recommendations to others considering Prophix Software:** If you are looking for a reporting tool that can do so much more, and you are willing to spend the time and resources to dedicate and support it, you definitely need to look at Prophix. **What problems is Prophix Software solving and how is that benefiting you?** We are currently using it for budgeting and forecast from a "bottoms up" approach. We are more easily able to give supporting detail to the actual results to the department managers. ### 8. Tony Vinciguerra **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Architecture & Planning | Enterprise (> 1000 emp.) **Reviewed Date:** October 12, 2017 **What do you like best about Prophix Software?** Prophix is very easy to use and to instruct others, as it has an Excel feel to it. **What do you dislike about Prophix Software?** Sometimes the consolidation feature takes a long time to process. **What problems is Prophix Software solving and how is that benefiting you?** We are able to better compile our budgets and forecasts, as well as quickly report our actual figures on a monthly basis. ### 9. Sr. Financial Analyst, FP&A **Rating:** 4.0/5.0 stars **Reviewed by:** Kimberly M. | Senior Financial Analyst, Insurance, Mid-Market (51-1000 emp.) **Reviewed Date:** June 01, 2017 **What do you like best about Prophix Software?** The Detail Planning Manger for my Capex **What do you dislike about Prophix Software?** That I have to open a new Section of Excel when opening an other file so not to mess-up my connection **What problems is Prophix Software solving and how is that benefiting you?** Details with Capex planning ### 10. Prophix Review **Rating:** 3.5/5.0 stars **Reviewed by:** Allison W. | Senior Financial Analyst, Computer Hardware, Mid-Market (51-1000 emp.) **Reviewed Date:** March 15, 2017 **What do you like best about Prophix Software?** I like the easy of the tool and the adhoc abilities. It's easy to use and build reports off of. It's also very convenient for budgeting proposes. **What do you dislike about Prophix Software?** The tool itself has some bugs that I need to work out and doesn't run as smoothly as it should. **What problems is Prophix Software solving and how is that benefiting you?** Variance analysis and budgeting. ### 11. CPM Consultant for Many systems **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Management Consulting | Enterprise (> 1000 emp.) **Reviewed Date:** June 05, 2017 **What do you like best about Prophix Software?** Compared to the other systems I implement for my clients, Prophix has proven to be much easier to implement and ultimately easier to use for the non-technical user. **What do you dislike about Prophix Software?** Wish the dashboard functionality had more advanced functionality. In addition, the release of the cloud version is much anticipated. **What problems is Prophix Software solving and how is that benefiting you?** Consolidations across multiple ERP systems, chart of accounts and currencies Shorter budgeting cycle (many times by month) More meaningful forecasting Timely and accurate reports and analytics offered to a broader audience throughout the organizations ### 12. Great software with excellent customer service **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Financial Services | Small-Business (50 or fewer emp.) **Reviewed Date:** June 01, 2017 **What do you like best about Prophix Software?** I love the allocation capabilities in Prophix and the reporting and budgeting functions are great too. The customer service has been top notch as well. **What do you dislike about Prophix Software?** The shared prophix drive used to upload documents can have confidential information so have to put passwords on files saved there. **What problems is Prophix Software solving and how is that benefiting you?** Allocation process in Prophix is much simpler and more accurate. Budgeting are able to create any data view to input budget numbers so can input by natural account for certain expenses and by program for other expenses. ### 13. Sr. IT Project Manager **Rating:** 5.0/5.0 stars **Reviewed by:** Joe P. | Sr. IT Project Manager, Financial Services, Mid-Market (51-1000 emp.) **Reviewed Date:** March 17, 2017 **What do you like best about Prophix Software?** Ease of use for the end user. It is not a tough system to understand and get familiar with. **What do you dislike about Prophix Software?** System locks or services quitting unexpectedly. **What problems is Prophix Software solving and how is that benefiting you?** Forecasting and budgeting at a low level within our company. Formal and centralized reporting has been greatly received. ### 14. I would recommend Prophix **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Apparel & Fashion | Mid-Market (51-1000 emp.) **Reviewed Date:** March 20, 2017 **What do you like best about Prophix Software?** Currently I am an end user of Prophix. What I use prophix for is a consolidated output of our company's financials. **What do you dislike about Prophix Software?** Some of the reports we use do not have modifications available. I'm not too sure if this is on our end or Prophix end but it would be nice to have consistent modifications through all our reports. **Recommendations to others considering Prophix Software:** With any software analysis process knowing your absolute needs and asking the harder questions is vital to setting realistic expectations of how this software might benefit your company. **What problems is Prophix Software solving and how is that benefiting you?** Currently the problem Prophix solves for me is the consolidation of our financial statements for end of month analysis. ### 15. Generally favorable with a few quirks **Rating:** 3.5/5.0 stars **Reviewed by:** Molly W. | Budget Analyst, Leisure, Travel & Tourism, Mid-Market (51-1000 emp.) **Reviewed Date:** March 14, 2017 **What do you like best about Prophix Software?** The ad hoc function is by far the best. Love the ability to slice and dice satay easily and quickly and accurately. **What do you dislike about Prophix Software?** Software comes with some quirks like inability to function accurately with alternate hierarchies and speed/performance with calculations. **What problems is Prophix Software solving and how is that benefiting you?** Immediate and on the fly analysis during budgeting season. All our data is readily accessible. ### 16. Greatly improving **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Insurance | Mid-Market (51-1000 emp.) **Reviewed Date:** June 05, 2017 **What do you like best about Prophix Software?** The multi-functionality (budgeting, forecasting, self-service analysis) **What do you dislike about Prophix Software?** How hard it is to get on the same page relative to a thorough discovery **Recommendations to others considering Prophix Software:** Spend enough time upfront for FULL discovery **What problems is Prophix Software solving and how is that benefiting you?** Ease&consistency of budgeting and self service analysis ### 17. Steep learning curve, but worthwhile **Rating:** 3.0/5.0 stars **Reviewed by:** Verified User in Investment Management | Mid-Market (51-1000 emp.) **Reviewed Date:** June 01, 2017 **What do you like best about Prophix Software?** The ability to customize reports through template studio. **What do you dislike about Prophix Software?** The time needed to setup the entire program is a huge investment. **What problems is Prophix Software solving and how is that benefiting you?** Budgeting and projection have become easier with this tool given our complex environment. ### 18. Prophix Capabilities **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Financial Services | Mid-Market (51-1000 emp.) **Reviewed Date:** June 05, 2017 **What do you like best about Prophix Software?** The different cubes and ways to link them **What do you dislike about Prophix Software?** Layout, needs a lot of formatting, slow software. **What problems is Prophix Software solving and how is that benefiting you?** Financial reporting, budgeting, headcount, payroll ### 19. Prophix Review **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in Hospital & Health Care | Mid-Market (51-1000 emp.) **Reviewed Date:** March 14, 2017 **What do you like best about Prophix Software?** Good Personnel Budget and estimating Tool. **What do you dislike about Prophix Software?** It doesn't have a cloud version yet. Maybe in 2018 **Recommendations to others considering Prophix Software:** week training may not be enough time **What problems is Prophix Software solving and how is that benefiting you?** Budgeting Cut my time in budget by 2 weeks ## Prophix Software Discussions - [How does Prophix leverage Artificial Intelligence for Corporate Performance Management?](https://www.g2.com/discussions/how-does-prophix-leverage-artificial-intelligence-for-corporate-performance-management) - 2 comments, 1 upvote - [Can sales be viewed in multiple formats (e.g. by product, territory, etc..)?](https://www.g2.com/discussions/multiple-formats) - 1 comment, 1 upvote - [How frequently is the data updated and reflected in the dashboards?](https://www.g2.com/discussions/dashboards) - 1 comment, 1 upvote - [Are there options on how to deploy Prophix within my organization?](https://www.g2.com/discussions/cloud-on-premise) - 1 comment, 1 upvote - [Can Prophix import data directly from my ERP?](https://www.g2.com/discussions/erp-cd9d7f65-73a1-4947-b027-041d37f9670a) - 1 comment, 1 upvote - [View Prophix Software pricing details and edition comparison](https://www.g2.com/products/prophix-software/reviews?page=5&qs=pros-and-cons§ion=pricing&secure%5Bexpires_at%5D=2026-05-26+17%3A37%3A10+-0500&secure%5Bsession_id%5D=cf0ac1a9-59ef-4a67-a6d4-fc7f981eacef&secure%5Btoken%5D=f6b47dbf3b58ac8ee6a9065bd38b47402d0855bf06c79c2f2a0d28f15a1e5eb0&format=llm_user) ## Prophix Software Integrations - [CIS iXP](https://www.g2.com/products/cis-ixp/reviews) - [DMSi Agility](https://www.g2.com/products/dmsi-dmsi-agility/reviews) - [Microsoft 365](https://www.g2.com/products/microsoft365/reviews) - [NetSuite](https://www.g2.com/products/netsuite/reviews) - [QAD Adaptive ERP](https://www.g2.com/products/qad-adaptive-erp/reviews) - [Sage 300](https://www.g2.com/products/sage-300/reviews) - [Sage Intacct](https://www.g2.com/products/sage-intacct/reviews) - [Spectrum](https://www.g2.com/products/trimble-spectrum/reviews) ## Prophix Software Features **Budget Creation** - Data Import - Budget Hierarchies - Versioning - Formulas - What-If - Budget Periods **Data Management** - Data Import - Data Consolidation - Data Validation **Cash Flow Management** - File Exports - Income and Expenses - Track Cash Flow **Reconciliation** - Consolidation - Management - Accounting **Financial Planning** - Extended Planning - Reporting - Integration **Reconciliation - Financial Reconciliation** - Automation - Bank Statements - Exceptions - Algorithms **Sales Performance Features - Sales Planning** - Account Scoring - Revenue Planning - Account Segmentation - Sales Performance - Sales Forecasting - Integrations - Scenario Modeling **Agentic AI - Sales Performance Management** - Autonomous Task Execution - Natural Language Interaction - Proactive Assistance **Agentic AI - Accounting & Finance** - Autonomous Task Execution **Agentic AI - FP&A (Financial Planning & Analysis) ** - Proactive Assistance - Decision Making **Incentives** - Triggers - Commission Calculator - Leaderboards **Financial Insight** - Budgeting - Forecasting - Planning **Budget Management** - Consolidation - Adjustments - Workflows **Reporting Structure** - Reporting Hierarchy - Report Templates - Report Types **Cash Flow Forecasting** - Historical Data - Reforecast - Forecast Types - Rolling Forecasts - AI **Reporting** - Report Types - Standard - Custom **Audit - Financial Reconciliation** - Accuracy - Compliance - Reporting - Audit Trail **Territory Management - Sales Planning** - Territory Management - Territory Planning **Personalization** - Profiles - Custom Reports - Dashboards - Goal Setting **Data** - Data Visualization - Data Analysis - Custom Reporting - Reporting Templates **Forecasting** - Historical Data - Reforecast - Forecast Types - Rolling Forecasts - AI **Standard Analytics** - Standard KPIs - Standard Reports - Financial Statements - Drill Down **Analytics** - Variance Analysis - Reports - Forecast Comparison - Forward Looking **Closing Process** - Audit - Journal Entries - Distribution **Integrations - Financial Reconciliation** - Accounting - Inventory - ERP - Banking **Quota & Capacity Management - Sales Planning** - Quota Management - Capacity Management - Quota Planning **Administrative** - Integration - Employee Structure - Behavior Monitoring **Status Communication** - Collaboration - Version Control - Real-Time Data Updates - Scorecards **Analytics** - Variance Analysis - Forecasts Comparison - Forward Looking **Custom Analytics** - Dashboards - Custom KPIs - Custom Reports - Self Service - Multiple Entities **Financial Data Transfer** - Data Transfer - Data Exchange - Reporting - Access - Integration **User Permissions and Security - Financial Reconciliation** - Authentication - Regulations **Agentic AI - Sales Planning** - Autonomous Task Execution - Multi-step Planning **Agentic AI - Cash Flow Management** - Autonomous Task Execution **Agentic AI - Financial Reconciliation** - Autonomous Task Execution **Agentic AI - Budgeting and Forecasting** - Natural Language Interaction - Proactive Assistance - Decision Making **Agentic AI - Financial Analysis** - Cross-system Integration - Decision Making **AI - Financial Close** - Autonomous Task Execution - Compliance - Reconciliation - Data Collection - Analysis ## Top Prophix Software Alternatives - [Vena](https://www.g2.com/products/vena/reviews) - 4.5/5.0 (469 reviews) - [Datarails](https://www.g2.com/products/datarails/reviews) - 4.6/5.0 (323 reviews) - [Anaplan](https://www.g2.com/products/anaplan/reviews) - 4.6/5.0 (392 reviews)