Overview
Product Information on Prophix One
What is Prophix One?
Prophix One Pricing
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Overall experience with Prophix One
“Intuitive Platform Offers Scalability with Outstanding Customer Service”
“Summary”
About Company
Company Description
Prophix provides financial performance management software that supports budgeting, forecasting, reporting, reconciliation, close, and consolidation. The Prophix One platform brings these processes together in one unified platform to help finance teams access and analyze financial data and manage financial operations. Prophix serves more than 3,000 customers across multiple industries and geographies and offers capabilities that support accuracy, efficiency, and transparency in finance and accounting activities.
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Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
User Sentiment About Prophix One
Reviewer Insights for: Prophix One
Deciding Factors: Prophix One Vs. Market Average
Performance of Prophix One Across Market Features
Prophix One Likes & Dislikes
It is very instinctive and logical when navigating and creating roll ups. The cube technology is extremely scalable and also you to link data together easier without sacrificing speed.
Easy and fast
Reporting, forecasting, consolidation features, good customer support, value for money (relative to competitors). Many users appreciate the support and responsiveness from Prophix's implementation teams and CSM's, especially early on.
The report builder could use some improvements. Auto text needs improvement, I still have to override fields with a formula to get the layout correct. Workflow tasks in theory are nice, but you have to play with them to get them to work the way you think they should work. The dashboard creation isn't great and doesn't allow for a lot of customization.
Lost of control as consolidator should also assigned with rights by admin
For admins and power users, mastering template studio, there's a bit of a learning curve for advanced customizations, integrations with some ERP's can be challenging but so far so good
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Peer Discussions
Prophix One Reviews and Ratings
- Director of Business Intelligence50M-1B USDServices (non-Government)Review Source
Intuitive Platform Offers Scalability with Outstanding Customer Service
Prophix's customer service and implementation team is by far the best I have worked with. The platform is intuitive and works as it what designed to. - ENTERPRISE ACCOUNT EXECUTIVE10B+ USDSoftwareReview Source
Strong Choice for Replacing Cumbersome Excel Reporting
Prophix One is fairly user-friendly for finance teams. Budget holders especially like line item schedules and workflows. It's a strong choice when looking to replace cumbersome excel forecasting and budgeting. It offers reliable core FP&A functionality, and is fairly strong value. - VP, FINANCE50M-1B USDMediaReview Source
Implementation Across Organization was very smooth with high compliance rates
We were one of the early adopters. Prophix responded quickly to all our concerns and also fixed any issues in a timely manner - Consolidator50M-1B USDReal EstateReview Source
Rapidly evolving financial software made by financial experts
Overall, the application Prophix One Financial Consolidation is extremely user friendly and very easy to learn and use. It offers a variety of useful possibilities and the constant commitment of the development and support teams to always improve it make it an interesting software to watch closely. The product is evolving rapidly, with the subtle ability to evolve without causing confusion to the users. The enhancement of existing functionalities, the improvement of the user experience and the creation of new tools that are intelligently integrated into the software are done frequently, discretely, with a strong majority of positive impacts (instead of disturbances that we can too often experience with a variety of software upgrades). The helpdesk and their development team are always able to provide quick assistance whenever we need it. The possibilities allow our group to mainly easily handle non-controlling interests, the differentiation between Local GAAPs and IFRS, subconsolidations, integration of data from different sources, intercompany reconciliation, financial reporting, consolidation eliminations, and much more. Not only does it reduce the time consumption of our consolidation process, but it also increases the accuracy with the automation of processes, the financial reporting, the audit reporting and the validation rules. - Partner50M-1B USDReal EstateReview Source
More than 10 years of track record
I have been working since 10 years with Sigma Conso, which has been bought by Prophix in 2021. The quality of the tool, the efficiency of the service and the customer relationship have always been excellent.