Prophix Pricing, Features, Reviews & Comparison of Alternatives

Prophix

Automate & streamline corporate performance management

4.55/5 (42 reviews)

Prophix overview

What is Prophix?

Prophix is a corporate performance management (CPM) software which allows organizations to automate and integrate their planning, budgeting, forecasting, financial consolidation, and reporting activities on a single platform. The platform harnesses data for richer, more relevant analysis, while improving operational efficiencies and providing visibility into all levels of the organization.

Prophix enables organizations to automate their budget submission and review process with improved accuracy by pulling data directly from the G/L (general ledger). Users can get a true depiction of personnel costs by employee and by department for planning purposes and automate important calculations. Prophix helps identify revenue trends and enables users to create alternative scenarios to determine the best courses of action. Additional planning capabilities include cash flow planning, capital expense planning, and integrated financial planning.

The solution includes self-serve dashboards and visualizations that integrate directly into data. Users can measure and monitor performance, as well as create reports and charts to drill into detailed data. Visual and tabular navigation features allow users to surface key data and insights more intuitively. Profitability analysis helps organizations discover which products, channels, services, or customers should be maintained, adjusted or discontinued.

Prophix automates repetitive business processes such as allocations, data imports, consolidation, and currency conversion and ensures that organizations adhere to applicable standards and policies. The platform integrates with data directly from multiple sources using built-in account mapping features. Workflow and collaboration features allow users to assign tasks and facilitate approvals from stakeholders.
www.prophix.com

Pricing

Pricing options
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Brazil, Canada, Europe, Germany and 3 other markets, Latin America, Middle-East and Africa, United Kingdom

Supported languages

English
Prophix screenshot: View a number of visualizations via the dashboard for analyzing the health of the businessCorporate Performance Management by ProphixProphix screenshot: Monitor workflow project status and activity performance Prophix screenshot: Print ad hoc reports or use visualizations to display data in an interactive format for business analysis and decision makingProphix screenshot: Improved organizational agility with increased accuracy and consistency Prophix screenshot: Feed operational plans by evaluating key profitability measures such as profit margins, gross profit, operating profit, pretax profit, net profit, and profit and loss statementsProphix screenshot: Plan and model sales strategies and ensure timely execution of sales initiativesProphix screenshot: All performance management needs are accessible via the home dashboard

Prophix reviews

Value for money
Features
Ease of use
Customer support
  4.6
  4.6
  4.4
  4.6
Emily Anauo

Prophix offers excellent flexibility

Used daily for 2+ years
Reviewed 2019-12-27
Review Source: Capterra

Pros
We love the flexibility of Prophix. We have been able to analyze all aspects of our financials at a finer details and much easier than just with Excel. Salaries are our largest expense and before Prophix, analysis was cumbersome and time consuming. Now, with Prophix, we are able to easily explain budget vs actual variances in a very timely manner. We are also more easily able to analyze unit and rate variances for our programmatic revenues.

Cons
I cannot think of anything at this time.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Amanda Chilson

Plethora of Options

Used daily for 1-2 years
Reviewed 2019-12-30
Review Source: Capterra

Prophix is the best planning and expense analysis software I have seen. It has allowed me to streamline so many processes. This company also provides excellent training so that we have the ability to control the software and create whatever is needed. The consultants are knowledgeable and have helped us to customize the system to our company.

Pros
The Prophix Software is very versatile, starting with it creating a web-based platform. This was important for our company and allows the software to be updated quarterly without issue. We are able to use Prophix for Expense tracking, Expense and Capital planning, reforecasting, Compensation planning, Project tracking, Expense allocation, GAAP PLOB reporting, and still have several more tasks to implement through Prophix. The data can be sliced and diced many ways, and each user is able to do it however they like. It is easy to create or run existing reports. We have made many of our processes more efficient, and Prophix has allowed us to save more time than you can imagine. The software is easy to use and visually outstanding. The Prophix consultants were patient and supremely knowledgeable, personalizing and customizing the software to our company’s needs.

Cons
There are so many options within Prophix that at times, it can be overwhelming. I think it’s necessary to have a few Admin to create reports and assist users, so that the users do not have to know how to use everything.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Tom Kennedy

Construction review

Used daily for 2+ years
Reviewed 2019-01-18
Review Source: Capterra

it met all of our needs and is a great software

Pros
its very flexible and provided what we needed

Cons
sometimes it can be a little slow and has crashed in the past

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Bobby Rays

CPM Made Easy

Used daily for 2+ years
Reviewed 2018-12-19
Review Source: Capterra

We used to consolidate all of our financials for 20+ agencies using excel and it was a nightmare. After using Prophix we have been able to reduce errors, improve reporting, and be more analytical. The latest commentary functionality allows us to exclusively use Prophix for our forecasting and analytics.

Pros
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.

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Ashleigh Arand

Easy to use budgeting tool

Used daily for 1-2 years
Reviewed 2019-11-26
Review Source: Capterra

Overall, I really enjoy Prophix. I find it extremely easy to use. My only frustrations have been with the detailed planning model but everything else is great. Ad hocs are easy to run, the DPM is easy to set up and reports can be created in a matter of minutes.

Pros
I like the ease of this software. I started my position at a time where I did not get much, if any, training in Prophix. I found it very easy to use and felt like an expert after about a month of teaching myself the functions. It has been great.

Cons
I do not like the detailed planning model. It is very easy to use but unfortunately it does not integrate well with our financials system. We cannot split out salary, taxes, merit increase, etc when running an ad hoc which makes it a little complicated at times when trying to explain increases to department heads.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 7/10

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Prophix pricing

Pricing options
Subscription
View Pricing Plans

Contact Prophix for detailed pricing information.

Prophix features

Activity Dashboard
Reporting & Statistics
Workflow Management

API (627 other apps)
Activity Tracking (313 other apps)
Audit Trail (292 other apps)
Auditing (342 other apps)
Automatic Notifications (487 other apps)
Billing & Invoicing (279 other apps)
Compliance Management (350 other apps)
Customizable Reporting (390 other apps)
Data Import/Export (360 other apps)
Document Management (280 other apps)
Document Storage (294 other apps)
Inventory Management (388 other apps)
Inventory Tracking (310 other apps)
Monitoring (278 other apps)
Real Time Data (333 other apps)
Real Time Reporting (282 other apps)
Third Party Integration (383 other apps)

Videos and tutorials

Additional information for Prophix

Key features of Prophix

  • Mid-year recasting
  • Multi-format integration
  • Scheduling
  • Industry specific configuration
  • Sales reports
  • Save past reports
  • Scheduled / automated reports
  • Ad hoc reports
  • Risk management
  • Profitability optimization
  • Strategy mapping
  • Workflow & automation
  • Consolidation & close
  • Forecasting
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Benefits

Prophix offers visibility into all levels of the organization while empowering business leaders to improve their operational performance.

Reduce business risks with improved budgeting, planning, and forecasting processes across the organization.

Automate budget submission and review processes through appropriate workflows and improve budget accuracy.

Prophix allows users to build a custom dashboard relevant to a specific user's role and responsibilities with a few clicks or taps.

Profitability analysis features help users decide which services, products, channels, or customers should be maintained, adjusted, or discontinued.