Prophix

Vorteile

Eine Software in der man sich sehr gut einarbeiten kann und man in kurzer Zeit insbesondere in der Planung das ganze Unternehmen einbinden kann. Das Workflow Modul ist genau was wir benötigt haben.

Nachteile

Die visuelle Flexibilität fehlt manchmal im Reporting, aber die Roadmap laut Hersteller hat das auf der Agenda.

In Betracht gezogene Alternativen

Gründe für den Wechsel zu Prophix

Vorteile

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.

Nachteile

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

In Betracht gezogene Alternativen

Gründe für den Wechsel zu Prophix

Vorteile

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

Nachteile

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

In Betracht gezogene Alternativen

Warum Prophix gewählt wurde

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Vorteile

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

Nachteile

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

Vorteile

The end product/reports that are produced.

Nachteile

The process of implementing and creating report templates.

Vorteile

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

Nachteile

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

Vorteile

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

Nachteile

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

Vorteile

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

Nachteile

I wish there was a way to connect to Power BI

Vorteile

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

Nachteile

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

Vorteile

Ease of use, great customer service, customizability.

Nachteile

Line item detail reports are not great for users.

Vorteile

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

Nachteile

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

Vorteile

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

Nachteile

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

Vorteile

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.

Nachteile

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.

Vorteile

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

Nachteile

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.

Vorteile

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

Nachteile

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

Vorteile

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

Nachteile

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

Vorteile

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.

Nachteile

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

Vorteile

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.

Nachteile

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.

Vorteile

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?

Nachteile

Just that we didn't know about it sooner

Vorteile

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

Nachteile

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

Vorteile

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.

Nachteile

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

Vorteile

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.

Nachteile

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

Vorteile

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

Nachteile

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.

Vorteile

Budgeting/forecasting, reporting, visualizations.

Nachteile

Performance can be low at times but overall still useful.

Vorteile

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

Nachteile

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

Vorteile

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.

Nachteile

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

Vorteile

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.

Nachteile

Report Binder requies duplicate versions of reports

In Betracht gezogene Alternativen

Gründe für den Wechsel zu Prophix

Vorteile

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

Nachteile

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

Vorteile

I really liked the way the data integrates, its easy-to-use interface, and the robust data security measures.

Nachteile

I find the visual options, such as graphs and dashboards, quite archaic compared to specialized software dedicated to these features.

Vorteile

Budget process streamlining. Ability to easily switch from month to month for reporting purposes.

Nachteile

Implementation took longer than planned for both implementations I have done.

Vorteile

Awesome product with Rich features, specially the Detail Planning manager as well as its Calculation Engine is robust and very detail oriented.

Nachteile

the only bottleneck I find is the process engine as Prophix currently support one process at a time which at times is bothersome and causes time delays.

Vorteile

The system is easy to use. Using ad-hocs can be easy to find data quickly. The reporting feature is good, you can throw a report together fairly quick.

Nachteile

Charting capabilities and dashboard creating is lackluster.

Vorteile

Very Easy to use and user friendly with good customer support

Nachteile

Some of the advanced functions could be more

Vorteile

The flexibility and availability of having several users at the same time.

Nachteile

It can get slow when many users are writing to it

Vorteile

Prophix made it easy to track and have dynamic numbers for the budget process.

Nachteile

The loading times have gotten worse - for opening reports, and for the report binders.

Vorteile

What I like most about Prophix is the ability to easily create reports.

Nachteile

The least thing I like about Prophix are some of the minor glitches and slow performance when handling large amounts of data.

Vorteile

Ease of use, support and customizability

Nachteile

Sometimes can be slow processing times when working with large amounts of data

Vorteile

It reduced the monthly close cycle. The reporting capabilities are very customizable and easy to setup and UI is very user friendly. Prophix also makes the budgeting process much easier to implement with the use of workflows.

Nachteile

Creation of templates with multiple data views can be challenging specially when updating after initial design and larger templates with multiple data views sometimes can take a long time to open.

Vorteile

The ability to distribute our Income Statement to different users in our hierarchy has saved so much time.

Nachteile

Not totally intuitive. Need some base understanding and training. Not really mobile optimized.

Vorteile

Building reports to display various financial data is by far the best thing about Prophix. The user friendly interface makes it easy to use once you understand what needs to be done.

Nachteile

We have some issues with our integration processes sometimes, but its great that the support team from Prophix is always willing to help quickly.

Vorteile

It is a versatile tool that allows for efficient management of the consolidation process

Nachteile

In my view, some reports are not very clear.

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Vorteile

To start with the easy of implementation and the knowledge of Prophix's internal consultants. It was one of the smoothest implementation we've been through. One of the great features is the ad hoc analysis. It is a quick powerful pivot table like structure that lets you analyze your data very efficiently.

Nachteile

I would say formatting options for dashboard charts could improve. For example, having option to place labels in more than one location on a chart.

In Betracht gezogene Alternativen

Gründe für den Wechsel zu Prophix

Vorteile

This product makes our monthly reporting so easy. You can create so many monthly reports to quickly conduct analysis and reporting to end users

Nachteile

The only negative that is just takes time to fully know the capabilities of this product. They have a lot of training, are willing to help with what you want to do but just difficult sometimes with having your regular duties as well

Vorteile

Having workflow for all the budget owners to input budgets

Nachteile

The dashboards need to be improved in the system

In Betracht gezogene Alternativen

Gründe für den Wechsel zu Prophix

Vorteile

Functionality and flexibility of the product and the ease of creating reports.

Nachteile

The biggest con is with the Excel Add-In....it only works with Office 365 and not any of the other versions.

In Betracht gezogene Alternativen

Warum Prophix gewählt wurde

Gründe für den Wechsel zu Prophix

Vorteile

The import process is seamless and makes reporting easy and fast. User friendly to manipulate reports and create reports for end users.

Nachteile

Waterfall features not at excel level and some items will have to be exported for formatting, but easily imported back in.

Vorteile

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.

Nachteile

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.

Vorteile

Prophix has been crucial to the organization budget and reporting. The organization can report on any segment of the GL string and at any level and across any time period. The reporting has allowed the organization to review programmatic activity at a new level to help inform business decisions.

Nachteile

The data integration for closed fiscal years.

Vorteile

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

Nachteile

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

Vorteile

Ease of running/developing an ad-hoc report

Nachteile

Functionality and features in creating dashboards.