Want to see who topped the 2019 Best Software Awards?
Prophix Software

Prophix Software

4.4
(83 reviews)
Optimized for quick response

Prophix develops Corporate Performance Management (CPM) software that automates important financial and operational processes, making companies more profitable and reducing their risks. Business leaders use this software to empower their organizations and gain valuable insight into their companies’ performance.

Work for Prophix Software?

Learning about Prophix Software?

We can help you find the solution that fits you best.

Prophix Software Features

Budget Creation

Data Import

Import trial balance, monthly P&L, balance sheets, and other types of financial data

97%
(Based on 6 reviews)

Budget Hierarchies

Define budget structure elements and how they are linked hierarchically

95%
(Based on 6 reviews)

Versioning

Keeps track of all versions of a budget and allows users to compare versions

90%
(Based on 6 reviews)

Formulas

Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues

90%
(Based on 6 reviews)

What-If

Test the potential financial impact of business decisions on revenues and expenses

Not enough data available

Budget Periods

Users can customize standard budget periods (3, 9, or 12 months)

97%
(Based on 5 reviews)

Financial Insight

Planning

Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly.

90%
(Based on 39 reviews)

Forecasting

Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline.

91%
(Based on 38 reviews)

Budgeting

Uses collected data to assist organizations in understanding what they can afford now, and in years to come.

94%
(Based on 42 reviews)

Budget Management

Consolidarion

Consolidate multiple budgets from different departments or business entities

100%
(Based on 5 reviews)

Adjustments

Users with administrative access rights can modify budgets

97%
(Based on 6 reviews)

Workflows

Workflows are used to define the steps required to alter budgets and who needs to approve changes

97%
(Based on 5 reviews)

Data

Reporting Templates

Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions.

90%
(Based on 42 reviews)

Custom Reporting

Allows users to customize their own reports according to business needs.

91%
(Based on 41 reviews)

Data Analysis

Scours data for actionable insights.

89%
(Based on 41 reviews)

Data Visualization

Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts.

85%
(Based on 37 reviews)

Forecasting

Historical Data

Forecasting is based on past transactions and historical financial or operational data

Not enough data available

Reforecast

Ability to recreate forecasts to include new information that may impact budgets

Not enough data available

Forecast Types

Support multiple types of forecasts such as balance sheet and cash flow forecasts

Not enough data available

Rolling Forecasts

Used to review and update budgeting assumptions for a predefined period (usually one year)

Not enough data available

Status Communication

Collaboration

Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users.

86%
(Based on 35 reviews)

Version Control

Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance.

90%
(Based on 39 reviews)

Real-Time Data Updates

Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information.

83%
(Based on 38 reviews)

Scorecards

Displays and shares company performance data to increase transparency across the board.

83%
(Based on 25 reviews)

Analytics

Variance Analysis

Project out as the year progresses to accommodate trends that affect key business drivers.

95%
(Based on 6 reviews)

Foreacsts Comparison

compare Income Statement, Balance Sheet, and Cash Flow for multiple periods

Not enough data available

Forward Looking

Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data

Not enough data available