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Reporting scope for each user is subject to their security, typically based on cost centres. Budget is collected for the first year monthly with annual extrapolation
Prophix One, a Financial Performance Platform, is used to improve the speed and accuracy of decision-making within a harmonized user experience. To reduce complexity and uncertainty, the software offers automated insights and planning, budgeting, forecasting, reporting, and consolidation…
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Reporting scope for each user is subject to their security, typically based on cost centres. Budget is collected for the first year monthly with annual extrapolation
function. It offers an excellent workflow capability to send out tasks to cost center owners all over the company. We love the ability to create and customize
ad hoc functionality because that would require higher level licenses that cost more and it is not worth it to give them more costly licenses since they … Prophix a 7 as during our renewal process they weren't very flexible with the cost for our size and as they add all of these new modules, nothing is included … vendor we then had to open another ticket later…
able to get our pricing to a level which was lower than the product we were moving from. Second, we were able to lock in an annual price escalation cap
comfortable with Prophix, I anticipate the tool to deliver so much more value.
being much more accurate with regard to start and end dates and applying a cost of living increase which we could adjust to see how it would affect the budget … request additional licences if we need to have additional users. There is a cost associated with this but at least…
Less time creating reports more value to costumers better UI … The price was one of the biggest thing that had us looking at Prophix. Also how customized
functionality of a "blank book", but the two projects had similar implementation prices, as well as Opex.
budgeting and utilize their Detailed Planning Manager (DPM) for employee cost planning.
presence, cost and overall it seemed a better match to our needs. Workday seemed like it was for bigger companies and came at a higher cost.
align them to data fields in Prophix. We do this for payroll data as the cost for direct integration was too high. We have not integrated with any systems
faster closing times. We also use Prophix for personnel planning and cross charging between departments.
Affordable Excel Plug in is very useful Model manager provides great flexibility
We manage our Resources, licenses & Services for our Run and Change Cost as well as Project Controlling where give access to Project managers to manage … Run & Change Cost for IT Finance related to Labor & Non-Labor. Project Resources and Program
it is not suitable is be able to filter between various cost centers or a specific group of cost centers (non-alternate hierarchy) within a dashboard or
Price points Import functionality Template Updates
Price, functionality, and service were major factoring for us when deciding on
Workday seems as though it had similar features, price point was much higher. We selected Prophix because we had it many years ago
experience from the first discovery call, implementation and continue to find value in support staff and account managers
Good Budgeting Planning cost control Swifter Year End closing … of data to make sensible analysis to do a good budgeting and planning of cost & revenue with less effect of data getting manipulated on spreadsheets
financial statements, (including statement of cash flows) they should do a cost benefit analysis. The system allows for set and forget formats including … model is implemented you can move onto to job cost/WIP, equipment and personnel planning and modeling. … Cost is…
ourselves post-implementation. We were also surprised to find that Prophix's pricing was more competitive than its rivals, which made the decision process quite
BI360 was too expensive for what we wanted. We chose Prophix because we really liked their people and they worked with us on pricing. … some struggles with Implementation Consultants giving us bad guidance and costing us time and money. Stuff that was easily preventable and should have been … Th…
"unexplained balance" lines that show up that are distracting and add no value. Lack of a centralized location for content outside of tool; for example
Allocation of data based on set of given percentages Fixed asset cost calculation Review financials Quick import of data from ERP system Ease of