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

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

Ease of use, simple to learn and to share with budget holders, saves time at month end and improves accuracy.

Inconvénients

Nothing, even the time difference if we had to have a call with Canada is not an issue

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

I found Prophix to be very intuitive FP&A software with average maintenance requirement.

Inconvénients

Manual updates (attaching templates one by one, instead of mass update) on budget workflows.

Avantages

Ease of use, great customer service, customizability.

Inconvénients

Line item detail reports are not great for users.

Avantages

Ease of use and the capability of the software. You can create Prophix to fit any business.

Inconvénients

No Cons! Prophix has really helped our company streamline our month end closing.

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

The detailed levels of reporting and the ability to combine many different levels for analysis.

Inconvénients

The price, it is an expensive product. Also it does require some technical knowledge to navigate new reports. Luckily customer support was very helpful when designing new reports.

Avantages

Prophix is easy to use and the Customer support is outstanding.

Inconvénients

Sometimes finding information on a topic can be difficult but I use my Customer Support manager to help if I cannot find it.

Avantages

The ease of implementation, to the ease of everyday use. This software has been a game changer for our company.

Inconvénients

Nothing at this time. You have endless possibilities to customize your experience with the software.

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

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

As a finance employee, I enjoy the freedom of being able to control and maintain Prophix with minimal IT support. We have an on-premise server and I am able to RDP into the system if needed and reset services, modify tables, and update to the latest Prophix version without having to include our IT department. This allows me to quickly diagnosis issues and work more efficiently.

Inconvénients

Report building can be problematic at times, especially when creating large reports with multiple data views.

Avantages

Prophix saves our team multiple days of work every month and multiple days during budgeting and planning every year. We have improved reporting and analysis. We can pull data from several sources and consolidate in one place.

Inconvénients

Graphing capabilities, but they have communicated that it is in the product roadmap.

Avantages

It is intuitive and easy to use. If you're familiar with excel, most of the functions carry over flawlessly.

Inconvénients

Connecting more than 20 ERP systems to import data was a challenge. It affected the overall performance and ultimately usage as my company has not fully been able to convert to the cloud version. The administrator is still managing the Smart Client.

Avantages

Budgeting/forecasting, reporting, visualizations.

Inconvénients

Performance can be low at times but overall still useful.

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.