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Description | Financial consolidation, budgeting, analysis, planning, and management reporting are all part of Prophix's financial management package. Users can examine financial data and arrange information using the solution's spreadsheet-style interface. Prophix may be used in a variety of industries, including financial services, construction, government, and utilities, and it can be installed both in the cloud and on-premises. Users can handle information including budgeting needs, cash flow, balance sheets, and income statements with Prophix. There are various data analysis tools. Top down, bottom up, zero-based, and activity-based approaches are all supported by the solution, as are non-financial and financial budgeting. Inter-period projections, "what-if" analyses, and rolling forecasts are among the forecasting options provided by the system. It also has modules for storing personnel records including salaries, medical bills, and tax calculations. Read more | DataRails is a smart analysis and financial planning tool for Excel users who want to profit from financial automation. It enables you to easily collect, report, and analyse data, estimate future financials and plan operations appropriately. With DataRails, you can automate data gathering for your financial and operational data, regardless of the style or form. This comprises Sales, GL, Forecast, Budget and any other data produced by a business system or stored in a spreadsheet. You can break any piece of data directly from inside your current Excel spreadsheets to get to the bottom of it. Instead of keeping several copies of your worksheet, you can save all of them in a database to view various aspects of your data with DataRails. Users can gain real-time data slicing and dicing for analysis and reporting. Using a web-based real-time dashboard, you can share your findings with your team and management. You can automate depreciation and amortisation calculations and keep track of capital expenditures. Additionally, to effectively plan and manage future expenditures, you can also get a real-time analysis of OPEX. Read more |
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Ease of use, Robust reporting and analysis capabilities, Efficient budgeting and forecasting functionalities, Excellent customer support Steep learning curve, Occasional slow performance, Complex template building, Limited Excel integration |
Excel Integration, Automated Reporting, Data Visualization, Centralized Data Management Occasional Software Crashes, Steep Learning Curve, Slow Data Refresh, Limited Budgeting Functionality |
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Overall, users appreciate Prophix's ease of use, integration capabilities, and functionality for budgeting, planning, and forecasting. Reviewers commend its user-friendly interface, customizable dashboards, and ability to handle complex calculations. Prophix's integration with various systems like ERP and accounting software is also lauded. However, concerns arise regarding its reporting capabilities, with users seeking improvements in report customization and flexibility. Additionally, some reviewers mention occasional issues with customer support responsiveness and the need for better documentation. |
Overall user reviews suggest that DataRails is a reliable and versatile financial reporting and analysis platform. Users appreciate its ability to connect seamlessly with various data sources, automate data integration, and deliver real-time insights. It simplifies the consolidation of financial data, facilitates multi-dimensional analysis, and streamlines the reporting process. Many find the platform user-friendly and intuitive, but some mention a learning curve initially. Despite this, customers generally value DataRails' ability to improve financial visibility and decision-making accuracy, ultimately enhancing their financial management capabilities. |
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Prophix Software Custom |
DataRails Custom |
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Company Details | Located in: Ontario, Canada | Located in: New York, New York Founded in: 2015 |
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19052798711 |
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