Prophix Review

The ability to leave off table-of-contents links to report downloads would be nice, but Prophix has always been the bar I’ve compared other solutions to.

What is most valuable?

  • Budgeting
  • Ability to easily add parent and child dimensions
  • Ability to create statistical accounts to calculate metrics or calculate variable driven budgets directly in the budgeting software

How has it helped my organization?

I’ve used more budgeting systems than I can count and Prophix has always been the bar I’ve compared the others to. The ability to streamline dynamic variable-driven budgets in addition to different hierarchies has always been imperative to the budgeting process.

What needs improvement?

  • The ability for statistical accounts to more easily recalculate instead of summing metrics
  • The time it takes to export OLAP reports has increased as newer versions were released
  • The ability to leave off table-of-contents links to report downloads would be nice
  • Ability to drill into specific accounts easier inside the system

For how long have I used the solution?

I've used it for four years.

What do I think about the stability of the solution?

At times, Prophix would crash if too many files were open.

Which solution did I use previously and why did I switch?

I’ve used M3, MoveX, MAX, SAP, Essbase, Cognos, and M3. I prefer Essbase and Prophix to the others.

What's my experience with pricing, setup cost, and licensing?

The time saved by building variables to drive accounts inside the budgeting system, along with balancing accounts to spread increases or decreases based on different accounts or versions, more than makes up for the pricing of the software. As long as Prophix stays low-cost compared to other software, they will remain a viable option for my consulting clients.

**Disclosure: I am a real user, and this review is based on my own experience and opinions.
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