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Prophix Software Reviews

User Rating

4.6/5 (Based on 198 Ratings)

Rating Distribution

  • Excellent

    64.6%
  • Very Good

    30.8%
  • Average

    4.5%
  • Poor

    0%
  • Terrible

    0%

User Sentiments

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

Do You Use Prophix Software?

Write a Review

Review Summary

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.

Pros

  • Userfriendly interface simplifies budgeting and forecasting.
  • Robust reporting and analytics capabilities provide detailed insights.
  • Integrates with various accounting and ERP systems for seamless data flow.
  • Mobile app enables budgeting on the go.

Cons

  • Limited customization options may restrict specific requirements.
  • Lacks advanced features like AIdriven forecasting and scenario modeling.
  • Steep learning curve might be challenging for less techsavvy users.
  • High cost may be prohibitive for small businesses.

AI-Generated from the text of User Reviews

Reviews
DA

David A

June 5, 2025 Source: G2.com
Prophix is a +
What do you like best about Prophix Software?
Prophix makes the yearly budgeting process easier for all dept owners.
What do you dislike about Prophix Software?
Limited line-item reporting capabilities.
What problems is Prophix Software solving and how is that benefiting you?
Yearly budget entering process has been simplified due to the ease of use Prophix provides for all of its users. Budget owners are able to easily enter their own budget and also drill deeper into a line-item that allows them to leave notes for future reference.
Read more
VM

Verified User in Non-Profit Organization Management

June 3, 2025 Source: G2.com
Prophix has simplified the budgeting and forecasting process and ensured proper alignment across departments Excellent Forecasting and Budgeting Tool
What do you like best about Prophix Software?
Information gathering from operational departments can be time consuming. Prophix is easy to learn and use by operational departments reducing the workload on the finance team. Prophix allows for "self serve" when it comes to reviewing actual monthly results. The dashboards are great to Executive review and oversight.
What do you dislike about Prophix Software?
Learning how to create reports can be time consuming
What problems is Prophix Software solving and how is that benefiting you?
Budgeting and Forecasting was once done in excel. There were many spreadsheets. Assumptions would be changed but not all departments would update their portion of the costing.
Read more
EB

Emily B

May 28, 2025 Source: G2.com
Budget Season is a Breeze
What do you like best about Prophix Software?
I love the ability for natural roll ups within companies/departments without the extra work required in excel. I am in the software daily and can quickly review process completion, workflow completion and ensure the system is syncing with our financial data.
What do you dislike about Prophix Software?
There is very little I dislike. Typically dislikes are caused by my own errors.
What problems is Prophix Software solving and how is that benefiting you?
Prophix took us from 60+ excel worksheets for budget season into software that seamlessly handles this in one worksheet.
Read more
VM

Verified User in Non-Profit Organization Management

May 27, 2025 Source: G2.com
Prophix Software Review – Empowering Financial Planning and Analysis
What do you like best about Prophix Software?
We've been using Prophix for several years now, and the experience has been overwhelmingly positive. As a corporate performance management (CPM) solution, Prophix has transformed how our finance team handles budgeting, forecasting, reporting, and analysis.
What do you dislike about Prophix Software?
Recommendations to others considering Prophix Software?
Prophix truly shines in automation and data integration. We were able to connect it to multiple data sources, streamlining our month-end close and enabling real-time insights. The time we’ve saved on manual processes alone has been a game changer. Plus, the version control and audit trails help us maintain data integrity and comply with internal controls.
What problems is Prophix Software solving and how is that benefiting you?
Read more
VM

Verified User in Broadcast Media

May 27, 2025 Source: G2.com
Financial Planning and Reporting Software that is easy to use and maintain
What do you like best about Prophix Software?
Prophix software is very user friendly and extremely easy to maintain. Implementation was quick and easy. Integration with ERP's is seemless.
What do you dislike about Prophix Software?
There aren't any downsides to the software. If you come across any, it probably is due to how you set up the system.
What problems is Prophix Software solving and how is that benefiting you?
All details for planning can be found in one central location. Planning details are owned and managed by operations managers freeing up time for finance to focus on other areas of the business.
Read more
MW

Mayur W

February 26, 2025 Source: G2.com
Budgetiing, Business Review reporting Prophix for FP&A
What do you like best about Prophix Software?
.Good Application for Financial Reporting planning and analysis, Prodct, Support
What do you dislike about Prophix Software?
Nothing as such there is perfect support if somehting goes wrong
What problems is Prophix Software solving and how is that benefiting you?
Forecasting,
Read more
VI

Verified User in Insurance

February 24, 2025 Source: G2.com
Prophix: Do it all financial software
What do you like best about Prophix Software?
I really enjoy how user-friendly the system is. Onboarding new users is faster than some other software I've used in the past because of how intuitive the interface is. The financial reporting, planning and budgeting tools are what drew us to the software and Prophix offers a complete, comprehensive suite of tools for all of these needs. I've only had very positive experiences with customer support and the staff seems to be extremely friendly. My department uses this tool daily and it has been a success story with our organization.
What do you dislike about Prophix Software?
I would like to see more of a focus on financial projections and predictive budgeting. Prophix has some tools capable of this but none have been able to replace our Excel models just yet. Machine learning seasonality would be a huge benefit to expense spreading.
What problems is Prophix Software solving and how is that benefiting you?
Data management and report building. Our dataset is very large and the dynamic drilling and heirarchies allows us to get to the exact intersection we need faster than a flat file ever could. The dashboarding feature has been a great tool for executives who need a quick snapshot of how their department is preforming without the hassle of searching through emails.
Read more
AB

Alexandra B

February 20, 2025 Source: G2.com
I have used User friendly
What do you like best about Prophix Software?
I find Prophix to be much more user-friendly then previous software I have used.
What do you dislike about Prophix Software?
My only complaint is how long it takes to load Prophix using our GL software. I believe that is an issue on our end with our current process however, so we are working to correct that with the help of Prophix support
What problems is Prophix Software solving and how is that benefiting you?
Prophix makes retrieving large amounts of data and generating reports much easier than other software
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VM

Verified User in Electrical/Electronic Manufacturing

February 20, 2025 Source: G2.com
But since we started the install, we are now using it to consolidate our multi-location business departments, including consolidating in multiple currencies Great Software - has changed the way we work
What do you like best about Prophix Software?
Prophix has allowed us to streamline and improve our processes not only within the finance function but also within the wider business
What do you dislike about Prophix Software?
Sometimes the MDX coding can be complex.
Recommendations to others considering Prophix Software?
Try to have a plan of what you would like to use the software for, but be open to the great ideas that the support team may be able to come up with in other areas to support your business
What problems is Prophix Software solving and how is that benefiting you?
Initially, we looked to introduce Prophix as a budgeting software.
Read more
VI

Verified User in Insurance

February 6, 2025 Source: G2.com
Prophix: A Fantastic Solution for all of your Reporting & Budgeting Needs
What do you like best about Prophix Software?
Prophix is very easy to use (both for those that work in finance and outside of finance), the company offers great customer support and is always available when we have issues, and we are excited that Prophix is continuing to invest in additional features (such as AI). We look forward to all the great things we will continue to do with this tool!
What do you dislike about Prophix Software?
I think the dashboards could use some improvement (we do most of our graphs in Excel due to the limitations in Prophix), some reports are not very usable right when they are downloaded and require manipulation in Excel, and it would be great if we were able to access invoices/other support directly in Prophix rather than having to go outside of the tool.
What problems is Prophix Software solving and how is that benefiting you?
Prophix makes our planning process much easier by allowing users to directly enter their budgets in the tool. Additionally, we run all of our expense allocation calculations within the tool (these used to be in Excel).
Read more

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