Prophix

Avantages

The consultation and training was excellent. The data management is simple and effective. Easy to browse from different modules and pages. The knowledge bank is large and there is a large customer resource pool.

Inconvénients

Some of the graphs and charts have limited accessories and capabilities. Learning curve was high, but this may be the nature of the software.

Alternatives envisagées 

Pourquoi passer à Prophix

Avantages

Cloud Based - don't have to send out P&Ls to all departments anymore
Budget - everyone is using the same template and it auto consolidates it all. no more manual work in spreadsheets
One central source of data, no longer worrying about different spreadsheets saying different things and having to link or update the data in all of them.

Inconvénients

Report Binder requies duplicate versions of reports

Alternatives envisagées 

Pourquoi passer à Prophix

Avantages

Simplicity of the User Interface and the availability of the implementation teams for questions.

Inconvénients

At this point, we have seen nothing but positives from our transition to Prophix.

Alternatives envisagées 

Pourquoi choisir Prophix 

Pourquoi passer à Prophix

Avantages

I like the intuitive nature of the web interface for file management and the capability to have alternate hierarchies for different reporting requirements.

Inconvénients

The inability to integrate reports into Powerpoint dynamically and the inability to easily build reports in excel and link them back to Prophix.

Avantages

The end product/reports that are produced.

Inconvénients

The process of implementing and creating report templates.

Avantages

Prophix was very user friendly for budget holders, and had a great line item schedule that allowed budget holders to put in necessary details to remind them where they left off in quarterly cycles

Inconvénients

Prophix would break a lot and fail pulling in data from the erp. Refreshing the data would take up to 12 hours sometimes, making it very hard to make updates and see the impact quickly

Avantages

Easy to use, powerful, and combines all my data in one place that is easy to access anywhere I go

Inconvénients

I think Prophix could continue to dive into machine learning expense forecasting and spread scenarios

Avantages

Ease of use, ease to teach to new employees, as well as the ease for reporting

Inconvénients

I wish there was a way to connect to Power BI

Avantages

Ease of use, great customer service, customizability.

Inconvénients

Line item detail reports are not great for users.

Avantages

It is very easy and simple to understand.

Inconvénients

To access the site. Waiting for password.

Avantages

Prophix has a lot of features that you can use and it is very flexible.

Inconvénients

My biggest issue with Prophix was at first I wasn't used to the software so it seemed hard to work in.

Avantages

The implementation team from Prophix was amazing! Took their time to explain, teach, and help create everything needed to start using financial reporting within the first 30 days; we also were able to go-live with our first budget in Prophix in less than 90 days. After that, monthly administrative tasks (e.g., using Named Sets) keeps reporting process accurate and timely.

Inconvénients

The only "con" would be the refresh time on big reports. With several companies and departments, in order to make reports usable for end-users, all have to be selected...then the refresh time can be up to a minute or two.

Avantages

Prophix's customer service is top tier- allows willing to help and enhance the user experience. The cloud implementation was the best overall, compared to other software on the market.

Inconvénients

There are so many features that we are not utilizing due to time and internal manpower. We have been putting together a project plan to work with our CS staff to ensure we are allowing for more integral processes and reports.

Avantages

Ease of use by non-accounting users. Also like the customizability of reports

Inconvénients

Sometimes (especially this year), there have been issues with integrating to our G/L.

Avantages

Prophix software makes budgeting and reforecasting a breeze.

Inconvénients

It can sometimes be hard for a user to understand/learn.

Avantages

The ability to be able to forecast and slice and dice data is key in financial and program review. Also, the ability to report on both financial and non financial metrics in one Report and dashboard is an amazing feature.

Inconvénients

I would like to see the reporting be more enhanced like Dynamics management Reporter.

Avantages

The Prophix Analyzer is an Excel Ad In feature that gives users easy access to the financial data through Excel which makes reporting and analysis at month end quicker and easier since Excel is natural for most users. The Continuous Success Program also helps us stay engaged with continuous development for things like maintenance, building additional cubes to track Capex or Personnel, etc.

Inconvénients

Support tickets are generally addresses after we are already resolved a case internally. Critical tickets are often not addressed until the next day, particularly if they are submitted in the afternoon. The support through the Continuous Success Program is extremely good for development support. This team is easy to access and very knowledgeable to help with new project, audits on current models, etc.

Avantages

This software is so easy to configure and use. The RedCarpet online community is there to help you succeed! Other customers are there to help you out if you need it - what other software package does that?

Inconvénients

Just that we didn't know about it sooner

Avantages

Our experience with Prophix has been very favorable. We were looking for a tool to centralize our global financial reporting and planning functions and Prophix allowed us to accomplish this at a very reasonable cost vs other applications that were under consideration. The interface is intuitive and easy for end users to complete the required tasks. The web client satisfied our need for a solution that could be implemented globally.We are also able to administer and maintain the tool within the finance function which increased our flexibility and reduced our reliance on IT. The reporting capabilities met our needs and allows us to easily consolidate and present our data in a multi currency environment. We use Prophix for reporting at all levels, from individual business unit data to Board and Executive level reports. We have several connections to other systems to import data and plan on adding more. The drill through capability to this data is also a nice feature.

Inconvénients

Template/Report formatting can be tedious at times

Avantages

I love how powerful Prophix is as a reporting, analytics, and planning tool. It helps us to speed up our monthly close process, get accurate and timely reports to decision makers within the organization, and helps us prove value to our clients as well with dashboards. It is also a powerful tool for what-if scenario analysis.

Inconvénients

It is a little difficult to learn and implement at the front end, but once you get up to speed it is a very powerful tool.

Avantages

We love the ease of creating the month end financial statements, ad hoc statements, and yearly budgeting process.

Inconvénients

The process of moving from the on prem to cloud version was rough but Prophix was there to answer all our questions and resolve all issues so we are up and running now.

Avantages

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.

Inconvénients

Dashboard aspects is still a little weak

Avantages

Ease of use, customizable, allows us to give cost center managers access.

Inconvénients

Certain reports - like a summary of all line item schedules. Wish this report was more customizable.

Avantages

With Prophix it is easier to group data and financial reports. The interface is very practical with very good features

Inconvénients

prophix works very well for me I haven't had any complications yet

Avantages

I like the flexibility of this product. You can build any type of report, forecast, calculation, etc. that you want as long as you can feed data to it. I also really like the customer support - they are very helpful and responsive when their's a problem.

Inconvénients

There are some manual activities maintenance activities you need to do. I can navigate it fairly well with the documentations provided.