116 Prophix Software Testimonials

"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 found a flexible performance management application that not only allows us to work more efficiently, but also gives us the transparency to make better business decisions at the ground level. There isn't anything that we've tried to do with the system that we haven't been able to accomplish."

The migration from our consolidation in Excel to Prophix’s automated solution has provided us with numerous benefits. Our data is now more reliable, both at entity and group level, processes are more streamlined, and we are better in control. Financial Consolidation has made it possible for me to produce a monthly consolidation and elimination for balance sheet, P&L, cashflows, budgets and forecasts, and I now have a complete overview of the figures with all the necessary details, instead of one time a year at the closing period.”

"It's all about the future. You can't change the past. A rolling forecast and budget are an integral part of digital transformation. All businesses, regardless of size are impacted by cash flow. More businesses fail due to cash flow issues than profitability and financial reporting. The tools and skill sets are available, mindset is the biggest challenge. The future is about predictability and prescription while the past is focused on accuracy and reporting. Both are important, but predictability and prescription is the differentiator in sustaining success and remaining future ready."

"If your business is growing and evolving, your method for projecting your business finances needs to keep up with it. This is when using rolling forecasting can be beneficial to help you gain a more accurate picture of your business. Three tips to make this approach more effective are to: 1) align it with your key business goals; 2) identify the revenue drivers for each objective which relate to your end goals; and 3) use these data points to create better-focused financial plans."

“The best CFOs know what they know best, and they know who knows what they don’t. Being a leader at that scale, you need to know how to delegate, work well with others and you must know who to turn to in terms of specific expertise.”

"We were able to put together a report in Prophix that we have scheduled to run every month. That report has been transformative for so many people because they now have insight into something that was veiled or hidden. With Prophix, I can get the right information to the right people so they can act."

"Prophix perfectly meets the quick close goals and need for frequent reporting of international groups like ours. Prophix’s quality support ensures the project will be completed on time.”

“Prophix has given us better control of our budgeting, planning, and analysis than we ever had before. We also reduced the time required for our data consolidation from one week to just a few minutes each month.”

“We’re convinced our consolidation process has already improved by acquiring Prophix. The new functionality will help us further automate and perfect our group consolidation and reporting process.”

“Prophix allows us to carry out our consolidations very quickly. One of our objectives for this year is to implement a monthly consolidation and setup KPIs for certain entities in the group. Because of the autonomy we have, we can adjust parameter settings according to the evolution of the group. It also gives us the flexibility to answer new requests from the management team.”

"Financial Consolidation perfectly meets our needs in a context of strong growth: quick production of quarterly consolidated accounts which are easy to audit. It provides us with excellent autonomy to manage changes in scope, prepare reports and notes, and more.”

"With Financial Consolidation, we get the correct figures in the most straightforward way possible. The reporting tools provided in the software offer the freedom of Excel combined with the power and reliability of an excellent consolidation reporting software package.”

"Financial Consolidation brings clarity, accuracy, and confidence to our entire group reporting. This is one of the most user-friendly solutions we have ever used.”

"What I like most about Prophix is its flexibility. We have complete control of the software. The flexibility and performance of the application allows us to deliver a high value-added service to our customers, whether it is consolidation outsourcing or support and consulting.”