Prophix Review - why 4.5 stars?

Prophix Review
ITQlick Score: 85/100
ITQlick Rating: (4.5/5)
Pricing: 6/10 - average cost
Category: Business performance management -> Prophix
Ranking:Ranked 7 out of 46 Business performance management systems
Company: PROPHIX Software
Typical customers: Medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: Prophix pricing, Prophix alternatives

Shlomi LaviShlomi Lavi / updated: Aug 18, 2020

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What is Prophix?

Prophix is a cloud-based and on-premise financial management solution designed to help the user in budgeting, financial consolidation, planning, analysis and management reporting. The solution helps the user analyze financial data as well as organize information.

The user can manage information such as cash flow, budgeting, balance sheets and income statements. The solution offers data analysis solution. It also supports financial and non-financial budgeting including up, down, top, bottom, activity-based and zero-based methodologies. The solution provides modules for saving staff records including medical expenses, salary and tax calculations.

It also has multiple modelling options for forecasting which include inter-period forecasts rolling forecasts and “what if” analysis.

What is Prophix rating? ()

The rating of Prophix is 4.5 stars out of 5 and the total score is 85 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Prophix's typical customers?

The typical customers include the following business size: Medium and large size businesses.

Is Prophix the best Business performance management?

Prophix is ranked 7 out of 46 software in their category (Business performance management systems).

Who are their main alternatives?

The two main competitors of Prophix include Budget Maestro and OutScale. Budget Maestro is a cloud-based budgeting, cloud management, and business performance management solution the same way as Prophix. Prophix is a product of Prophix Software which was founded in 1987 and based in Canada whereas Budget Maestro is a product of Centage which was established in 2001 in the US.

Both Prophix and Budget Maestro offer a free trial. Prophix caters to businesses of all sizes, and in every industry and on the other hand Budget Maestro caters to SME businesses that range from $10 million to $500 million in revenue. Outscale is a cloud-based cloud-management solution just like Prophix budgeting software.

Prophix is a product of Prophix Software which was founded in 1987 and based in Canada, and by contrast, Outscale is a product of Outscale which was founded in 2010 in France. Prophix offers a free trial, but Outscale doesn’t. Prophix caters to businesses of all sizes and in every industry, but Outscale provides to small to large companies.

Both Prophix and Outscale offer support online, during the business hours and 24/7 live rep.

What is the cost of Prophix?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Prophix

What should you ask PROPHIX Software during a demo session? (65 questions)

Schedule a demo with Prophix and access 65 must ask questions for the vendor while watching Prophix in action. Visit the vendor's website here.

Is it the right software for you?

Prophix budgeting is ideal for businesses of all sizes including large enterprises, mid-size business, and small business. It caters to a range of industries such as construction, financial services, government and utilities. Middle-East and Africa, Brazil, Canada, Europe, Germany, Latin America, United Kingdom, United States.

Prophix's list of categories:

Accounting & Finance
Billing & Invoicing
Budgeting & CPM
Medical Accounting

Prophix's list of features:

Data Import/Export
Basic Reports
Online Customer Support

Prophix Vs. Alternatives

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.