Prophix is a leading platform for automating financial processes such as budgeting and forecasting, offering substantial improvements for finance departments.
| Product | Mindshare (%) |
|---|---|
| Prophix | 2.6% |
| Anaplan | 6.8% |
| Adaptive Insights | 5.0% |
| Other | 85.6% |
| Company Size | Count |
|---|---|
| Small Business | 3 |
| Midsize Enterprise | 3 |
| Large Enterprise | 3 |
| Company Size | Count |
|---|---|
| Small Business | 41 |
| Midsize Enterprise | 15 |
| Large Enterprise | 25 |
Prophix streamlines complex financial operations, allowing users to efficiently handle budgeting, planning, reporting, and analytics. By reducing manual work and enhancing data accuracy, it supports informed decision-making and strategic growth within organizations. The integration capabilities ensure seamless access to critical financial data, making it a versatile tool for finance professionals.
What are Prophix's most important features?In manufacturing, Prophix can be utilized to align financial goals with production targets, improving cost management. In healthcare, it supports the efficient allocation of resources by combining financial data with patient-care metrics, leading to improved services and cost control. In retail, it aligns financial strategies with market demands, helping businesses stay competitive.
Solarcentury, Swan Mill Paper Company, Interstates Companies, First Medical Health Plan, Community Physician Network, AAA Southern New England
| Author info | Rating | Review Summary |
|---|---|---|
| Managing Director at a tech services company | No summary available | |
| Manager - Commercial Credit at a retailer with 1,001-5,000 employees | 3.5 | I valued individual budgeting, but found the payroll module difficult, and the system lagged with multiple users. Insufficient discovery caused deployment issues and support problems. I advise forcing a deeper dive into your company's needs. |
| Consulting Manager of Corporate Finance and Strateg at a financial services firm with 51-200 employees | 3.5 | I find Prophix excellent for budgeting, praising its variable-driven features and flexible hierarchies. Although I've noted slower OLAP exports and occasional crashes, its overall value and cost-effectiveness make it a top solution for me. |
| Senior Financial Analyst at a tech services company with 1,001-5,000 employees | 4.0 | I use this for budgeting and financial reporting, finding support excellent. While it offers good value and improved setup, I encountered scalability issues with product combinations, and integration speed could be better. |
| Finance Manager with 501-1,000 employees | 4.5 | I value the software's easy in-house setup, saving consultant costs. Workflow and consolidation are key features. It eliminated spreadsheets, smoothed monthly closes, and gave me much better control over finances. |
| Chief Financial Officer at a construction company with 501-1,000 employees | 4.5 | I found this very good product cut our budgeting time by 50%, making budgets more accurate. While report writing needs work, customer service is excellent, and initial setup was complex but supported. |
| CFO at a construction company with 51-200 employees | 4.0 | I recommend this solution; its OLAP and SAP integration improved my analysis dramatically, saving $80k annually. While the CapEx and Excel add-in need work, it's worth the initial $98k, despite early implementation issues. |
| Sr. FP&A Analyst & Financial System Administrator at a consultancy with 1,001-5,000 employees | 4.5 | I found this product excellent for data infoflex and budgeting, with great support and cost-effectiveness. While the UI could improve, deployment was straightforward, and I recommend it for simplifying processes. |
