Prophix Software Reviews & Product Details

Prophix Software Product Details

Prophix is a type of financial performance platform designed to help organizations enhance their decision-making processes through improved speed and accuracy. This software solution caters to the needs of finance leaders who seek to navigate the complexities of financial management while ensuring a seamless user experience. By leveraging Prophix One, finance teams can harness the power of automation and data analytics to drive significant progress in their financial operations. Targeted primarily at finance professionals and organizations of all sizes, Prophix addresses a variety of use cases, including planning, budgeting, forecasting, reporting, and consolidation. The platform is particularly beneficial for global finance teams that require a unified approach to managing financial data across multiple regions and departments. By providing a centralized solution, Prophix helps eliminate silos and fosters collaboration among team members, enabling them to work more efficiently and effectively. One of the key features of Prophix is its ability to automate complex financial processes. This automation not only reduces the time spent on manual tasks but also minimizes the risk of human error, leading to more accurate financial insights. Users can access best-in-class functionalities that illuminate data and provide actionable insights, allowing finance leaders to make informed decisions with confidence. The platform's intuitive interface ensures that users can navigate through various functionalities without extensive training, making it accessible to a wide range of users. Additionally, Prophix offers robust reporting and analytics capabilities that empower organizations to visualize their financial data in meaningful ways. By transforming raw data into comprehensive reports and dashboards, finance teams can quickly identify trends, assess performance, and uncover opportunities for improvement. This level of insight is crucial for organizations looking to adapt to changing market conditions and drive long-term success. With a strong backing from Hg Capital and a growing customer base of over 3,000 active users worldwide, Prophix stands out as a reliable partner for organizations aiming to elevate their financial performance. By embracing the next generation of finance through Prophix, finance leaders can crush complexity, reduce uncertainty, and ultimately achieve their organizational goals with greater ease and precision.

Product Website

Seller

Prophix

Discussions

Prophix Software Community

Languages Supported

Danish, German, English, French, Italian, Polish, Portuguese, Russian, Spanish

Product Description

Your business is evolving. And the way you plan your business activities and report on them should evolve too. To empower mid-market companies to achieve their goals, Prophix provides an integrated, cloud-based platform to the Office of Finance; one that delivers planning, budgeting, reporting, forecasting and consolidation solutions. With Prophix, finance leaders improve profitability and minimize risk and puts the focus back on what matters most – uncovering business opportunities. Prophix supports your future with AI innovations that adapts to meet your strategic realities, today and tomorrow. Over 2,500 active customers around the globe rely on Prophix to transform the way they work.

Overview by

Marnie Middlehurst (Growth Marketer. Pipe Builder. Brand Evangelist. Customer Advocate. Results Driven.)

Value at a Glance

Averages based on real user reviews.

Time to Implement

4 months

View More Pricing Information

Prophix Software Integrations

(6)

Verified by Prophix Software

Prophix Software Media

Prophix Software Demo - Prophix One Portal

One single point of entry into Prophix One through our portal simplifies access and authentication but also allows you to move seamlessly between applications.

Prophix Software Demo - Prophix One FP&A

Master financial planning and analysis to take control of your business performance

Prophix Software Demo - Prophix One Account Reconciliation

Accelerate your financial close with Prophix One Account Reconciliation

Prophix Software Demo - Prophix One Intercompany Management

Increase accuracy and improve collaboration with Prophix One Intercompany Management

Prophix Software Demo - Prophix One Financial Consolidation

Consolidate faster, more accurately and with confidence with Prophix One Financial Consolidation

Whether you're addressing NFRD regulations, GRI standards or preparing for CSRD requirements, you can centralize all your data from your diverse environmental, social, and governance business systems with Prophix One.

Official Downloads

(5)

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UK

Umaar K.

Head of Group Finance Systems

Enterprise (> 1000 emp.)

10/13/2025

"Best FP&A Tool Mid Market"

5/5

What do you like best about Prophix Software?

The FP&A platform has significantly improved the efficiency of our monthly reporting and made managing the close process much easier. As our organisation has grown, Prophix has played a crucial role in helping us onboard new entities smoothly. Implementation process is great as they have a consultant show you how to do all the setup and configuration meaning you can update or create new models with ease in the future. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Prophix has grown rapidly by introducing new modules, and I find it challenging to keep up with all the changes. However, this also shows that they are making significant investments in the platform. Review collected by and hosted on G2.com.

GD

Graham D.

Director of Finance

Mid-Market (51-1000 emp.)

2/3/2023

"Consolidations made easy with Prophix"

4/5

What do you like best about Prophix Software?

Ability to set up your company structure (legal entities, sectors, etc.) in a way that makes the consolidation process pain-free and automated each month. It is easy to add/remove/alter the structure you have built as a result of corporate reorganizations or acquisitions/divestitures. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

The product struggles with processing assumptions entered to build forecast or budgeted balance sheets and cash flow statements. Users are required to find creative ways to reduce the processing time, which can lead to increased manual work required. Review collected by and hosted on G2.com.

GC

Gabi C.

Staff Accountant

Enterprise (> 1000 emp.)

6/11/2025

"Prophix is great for a company our size"

4/5

What do you like best about Prophix Software?

The customer service team at Prophix is wonderful. We have been able to schedule recurring appointments to track and manage our problems over time. We have been given numerous resources to help make the best decisions when it comes to building a cube, creating groups, building a new template, etc. This software has been a great addition to our month end closing process and helps us cut down on closing times. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Initially when utilizing Prophix Software, understanding how the software works and implementing our data can be challenging. One problem that we have run into with our processes is bringing in new data from another platform that we use to track our financials and transactions. Differences in integration can make the ease of using this software harder than it has to be. Some of the formulas that work to pull this data together can be challenging to resolve at times. Review collected by and hosted on G2.com.

AM

Verified User in Manufacturing

Enterprise (> 1000 emp.)

5/27/2025

"Solid cost-effective option"

3.5/5

What do you like best about Prophix Software?

The flexibility of the software is great. You have the ability to build the system in a way that is flexible to your business needs. The models can be as granular or high-level as you want. Once it is setup, it does an excellent job of allowing you to automate reporting and modeling and maintain various scenarios. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

While the flexibility is great, my experience has been that it requires quite a bit of technical/consultancy time to get the integration setup and maintain the software due to the complexity of the implementation. The customer support has also, in my experience, been a bit slow to respond. Review collected by and hosted on G2.com.

What problems is Prophix Software solving and how is that benefiting you?

We are in the process of implementing Prophix for sales budgeting and sales forecasting. The software allows for you to build a robust process for maintaining the forecasts and budgets, and then save them for future comparability to actual data (or alternative forecasts and reforecasts). We then plan to look into utilizing it for building out a full P&L forecast and budget. Review collected by and hosted on G2.com.

AN

Verified User in Non-Profit Organization Management

Mid-Market (51-1000 emp.)

5/27/2025

"Prophix Software Review – Empowering Financial Planning and Analysis"

4.5/5

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.

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.

Another standout feature is the scenario planning capability. We can easily run what-if analyses, which has helped us make more confident, data-driven decisions in a volatile business environment. The ability to quickly pivot and model different outcomes is invaluable. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

While Prophix offers a powerful suite of features for financial planning and analysis, one of the main challenges we encountered was its steep learning curve. Despite the intuitive interface, the software’s depth and flexibility require a significant time investment to fully master, especially for users who are new to CPM tools or lack a background in data modeling. Initial setup, including building data models and configuring integrations, can be complex and overwhelming without strong training or support. While Prophix does offer helpful resources and responsive customer support, organizations should be prepared to allocate time and training to ensure users become comfortable and can leverage the platform's full capabilities. Review collected by and hosted on G2.com.

What problems is Prophix Software solving and how is that benefiting you?

Prophix Software is solving several key problems in our financial planning and analysis processes, primarily by reducing manual work, improving data accuracy, and enhancing our ability to forecast and analyze performance. Before Prophix, we relied heavily on spreadsheets, which were time-consuming, error-prone, and difficult to manage as our organization grew. With Prophix, we’ve automated budgeting, reporting, and forecasting, which has significantly cut down on time spent compiling and validating data. This has allowed our finance team to focus more on strategic analysis rather than administrative tasks. Additionally, the software provides a centralized, secure platform for financial data, which improves collaboration across departments and ensures everyone is working from a single source of truth. The ability to run real-time scenario analyses and quickly adjust forecasts has also been a major benefit, especially in today’s fast-changing business environment. Review collected by and hosted on G2.com.

ML

Marledvuka L.

Field Operations Manager

Transportation/Trucking/Railroad

Mid-Market (51-1000 emp.)

9/1/2025

"Corporate Budgeting Performance, but Limited Formats"

4.5/5

What do you like best about Prophix Software?

The process of data consolidation gas been automated by Prophix

All financial data is well centralized with accurate classification for multiple users to access

The tool successfully collaborates with multiple budgeting extensions, making it more convenient

We predict multiple scenarios using this app Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

The reporting designs are limited, which is a huge challenge and concerns

The format of this tool needs some customization for efficient reporting Review collected by and hosted on G2.com.

AC

Verified User in Construction

Mid-Market (51-1000 emp.)

9/24/2025

"Flexible Tool for Reporting/Budgeting and Forcasting"

5/5

What do you like best about Prophix Software?

We’ve been using Prophix for a few budget cycles now, and it’s made a big difference in how we manage forecasting and reporting. The main benefit is getting out of manual spreadsheet work.Prophix lets us consolidate data in one place, build reports that are repeatable and distributable, and give division leads better visibility into their numbers. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Some quirks with the template studio are annoying. Review collected by and hosted on G2.com.

AS

Andrew S.

Senior Accountant

Enterprise (> 1000 emp.)

6/3/2025

"Prophix is great for companies that have multiple branches with separate financials"

4/5

What do you like best about Prophix Software?

Prophix is great tool for reporting and presenting financials. We have several branches that require separate reports, and Prophix is the perfect program to help prepare and present financials. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Prophix can be tricky to get a hang of at the start, but they have a great support staff to answer any questions you may have. They also provide great training and learning videos to help. Review collected by and hosted on G2.com.

AC

Verified User in Construction

Enterprise (> 1000 emp.)

6/5/2025

"Great Experience"

4/5

What do you like best about Prophix Software?

Prophix is a user friendly software, both admin and end user experience. The best thing about Prophix is there Customer Success Program (CSP). The CSP has outstanding support and resources. In addition, we have built great relationships with many individuals at Prophix. They are eager to solve problems and want you to succeed. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Due to the nature of our business, our transaction count is extremely large. The one continued hiccup we've experienced is performance. That has been the only dislike about Prophix. Review collected by and hosted on G2.com.

What problems is Prophix Software solving and how is that benefiting you?

It has been our only source of budgeting and forecasting at a granular level for almost ten years now. It's allowed us to get into our number in order to make better decisions. It helped us during the pandemic and allowed us to do scenario planning and stay afloat. Where our competitors took a huge hit. Review collected by and hosted on G2.com.

AO

Verified User in Online Media

Mid-Market (51-1000 emp.)

9/12/2025

"A great tool for all your financing planning and analysis needs"

4.5/5

What do you like best about Prophix Software?

You can have everything in one place no matter if it's budgeting, forecasting or reporting. It can seamlessly integrates with your identity provider for SSO needs. Review collected by and hosted on G2.com.

What do you dislike about Prophix Software?

Sometimes it feels slow but maybe it's just the network or something related to cloud. User may find it difficult initially if they weren't trained. Review collected by and hosted on G2.com.

What problems is Prophix Software solving and how is that benefiting you?

We used to use another tool and sometimes spreadsheet for our financial needs, this tool gets rid of all that. It also becomes harder for Finance to coordinate with other departments, but this tool helps removes that barrier. Also helps managing who should have access to what and provides centralized management and role based controls. Review collected by and hosted on G2.com.