“This pandemic has heightened the need for contingency planning as few were prepared for the size and scope of this crisis. The most common contingencies revolve around all of the core areas of the business and especially the financial statements - balance sheet, income statement and cashflows.”
"The expense allocation process is the crown jewel (in my opinion) in our Prophix toolkit. There are many intricate subprocesses and calculations that aren’t tied to our general ledger accounts. That was the trick in building it out, but it really is a strategic advantage for SFG in how we accurately and transparently allocate expenses to business units and product lines."
“It is very helpful to have possible Excel templates for people who refuse change and are not into learning new software. With Prophix, data is housed efficiently and it’s easy to do ad hoc analysis. Prophix is very easy to use and it has a nice interface.”
"Ad Hoc [Analysis] is a great feature, making us able to quickly dive into the details and pivot on data, setting up quick reports that we want to dig into. It gives the ability to be more flexible and accomplish more ad hoc tasks."
"We use to have a million tab excel file that consolidated trial balances, converted the currencies, and eliminated intercompany balances. It was prone to errors and was never correct. Prophix helped make those steps easy and we close the books with confidence now. I highly recommend."
"Prophix One Account Reconciliation was a vital decision in our ever-evolving quest for expansion and having more efficient processes when doing so. We’re gearing up for a historical year in 2025 and want to make sure we have the correct key players to further support our core mission of both innovation and seamless experiences."
"What I love about Prophix is that it gives us back time, and with that, the opportunity to find more rewarding ways to spend our days. Rather than just focusing on checking numbers, we have more time to evaluate, analyze, and see the interesting side of the business."
"With improved visibility of business data, we enhanced our product pricing strategy by monitoring the Bill of Materials (BOM) more accurately, quickly, and easily. Previously, pricing decisions were primarily based on customer input and feedback from area sales managers. Now, we leverage a wider range of data, including costs, transportation, and other relevant factors, to inform our pricing strategy."
"Prophix One Account Reconciliation was a vital decision in our ever-evolving quest for expansion and having more efficient processes when doing so. We’re gearing up for a historical year in 2025 and want to make sure we have the correct key players to further support our core mission of both innovation and seamless experiences."
“I’d describe Prophix in one word as flexible. It was really the intuitive nature of the platform that got me excited.”
"I’ve used other tools before, and they were so hard to navigate—with sync issues finance couldn’t fix—that we ended up going back to spreadsheets. With Prophix, it’s the opposite: it’s easy, reliable, and it gives us the capacity to scale and hit our profitability goals while still growing the business."