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Prophix Software - New SaaS Software

Prophix Software Reviews in October 2026: User Ratings, Pros & Cons

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4.47

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Prophix Software Reviews & Ratings

4.47

Very Good

Based on 223 ratings & 260 reviews

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Rating Distribution

Excellent

(160)

Very Good

(80)

Good

(20)

Poor

(0)

Terrible

(0)

Prophix Software pros and cons

  • Reviewers say it is easy to use and administer, with an Excel-like feel that shortens the learning curve.

  • It is praised for getting finance teams out of Excel for budgeting, forecasting, and consolidation.

  • It is highly flexible and customizable, creating reusable templates and a single source of truth.

  • Reporting and dashboards are powerful, accurate, and easy to build and distribute.

  • Some reviewers note the Excel add-in requires Office 365, limiting other Excel versions.

  • A few mention support response times have slowed as the company grows quickly.

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Showing 231-240 out of 260

AU

Anonymous User

06/05/17

4 out of 5

"Greatly improving"

What do you like best about Prophix Software? The multi-functionality (budgeting, forecasting, self-service analysis) What do you dislike about Prophix Software? How hard it is to get on the same page relative to a thorough discovery Recommendations to others considering Prophix Software: Spend enough time upfront for FULL discovery What problems is Prophix Software solving and how is that benefiting you? Ease&consistency of budgeting and self service analysis

AI

Administrator in Insurance

06/05/17

4 out of 5

"Greatly improving"

What do you like best? The multi-functionality (budgeting, forecasting, self-service analysis) What do you dislike? How hard it is to get on the same page relative to a thorough discovery Recommendations to others considering the product: Spend enough time upfront for FULL discovery What problems are you solving with the product? What benefits have you realized? Ease&consistency of budgeting and self service analysis

AI

Administrator in Investment Management

06/01/17

3 out of 5

"Steep learning curve, but worthwhile"

What do you like best? The ability to customize reports through template studio. What do you dislike? The time needed to setup the entire program is a huge investment. What problems are you solving with the product? What benefits have you realized? Budgeting and projection have become easier with this tool given our complex environment.

AI

Administrator in Investment Management

06/01/17

3 out of 5

"Steep learning curve, but worthwhile"

What do you like best? The ability to customize reports through template studio. What do you dislike? The time needed to setup the entire program is a huge investment. What problems are you solving with the product? What benefits have you realized? Budgeting and projection have become easier with this tool given our complex environment.

AU

Anonymous User

06/01/17

3 out of 5

"Steep learning curve, but worthwhile"

What do you like best about Prophix Software? The ability to customize reports through template studio. What do you dislike about Prophix Software? The time needed to setup the entire program is a huge investment. What problems is Prophix Software solving and how is that benefiting you? Budgeting and projection have become easier with this tool given our complex environment.

AU

Anonymous User

06/01/17

3 out of 5

"Steep learning curve, but worthwhile"

What do you like best about Prophix Software? The ability to customize reports through template studio. What do you dislike about Prophix Software? The time needed to setup the entire program is a huge investment. What problems is Prophix Software solving and how is that benefiting you? Budgeting and projection have become easier with this tool given our complex environment.

AI

Administrator in Financial Services

06/01/17

5 out of 5

"Great software with excellent customer service"

What do you like best? I love the allocation capabilities in Prophix and the reporting and budgeting functions are great too. The customer service has been top notch as well. What do you dislike? The shared prophix drive used to upload documents can have confidential information so have to put passwords on files saved there. What problems are you solving with the product? What benefits have you realized? Allocation process in Prophix is much simpler and more accurate. Budgeting are able to ...

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AI

Administrator in Construction

06/01/17

4 out of 5

"We are primarily using the software for consolidation and reporting. Very flexible and easy to use."

What do you like best? Very easy to use - don't need to be an IT employee to be an administrator. Ad Hoc is a very powerful tool. The ability and ease of creating alternate hierarchies is a huge benefit. What do you dislike? Setting up and maintaining security is somewhat cumbersome. The use of name sets is very powerful but there is no way to trace where they are used so maintenance can be challenging. Recommendations to others considering the product: Implementation was definitely our ...

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AU

Anonymous User

06/01/17

4 out of 5

"We are primarily using the software for consolidation and reporting. Very flexible and easy to use."

What do you like best about Prophix Software? Very easy to use - don't need to be an IT employee to be an administrator. Ad Hoc is a very powerful tool. The ability and ease of creating alternate hierarchies is a huge benefit. What do you dislike about Prophix Software? Setting up and maintaining security is somewhat cumbersome. The use of name sets is very powerful but there is no way to trace where they are used so maintenance can be challenging. Recommendations to others considering ...

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MH

Melissa H

06/01/17

5 out of 5

"SVP of Financial Systems"

What do you like best about Prophix Software? Prophix software has helped our company shorten our budget cycle and implement a successful forecasting process. In addition to a great product, where Prophix shines is with outstanding customer service. Their customer service reps, consultants and system architects are all very knowledgeable. Selecting Prophix has been a great decision for my company. What do you dislike about Prophix Software? We have used Prophix for over 6 years. It has ...

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Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].