Prophix Software Features
What are the features of Prophix Software?
Financial Insight
- Budgeting
- Planning
Data
- Data Analysis
- Custom Reporting
- Reporting Templates
Budget Creation
- Data Import
- Budget Hierarchies
- Versioning
- Formulas
- Budget Periods
Budget Management
- Workflows
Forecasting
- Historical Data
- Reforecast
Analytics
- Variance Analysis
- Forecasts Comparison
Prophix Software Categories on G2
Filter for Features
Incentives
Triggers | Automatically recognizes achievements that should be added to the leaderboard. | Not enough data | |
Commission Calculator | Helps users determine sales goals by calculating potential commission rates. | Not enough data | |
Leaderboards | Highlights top-performing employees to publicly reward their achievements. | Not enough data |
Personalization
Profiles | Creates user profiles similar to social media pages that display private or public statuses and updates. | Not enough data | |
Custom Reports | Generates reports with customizable fields to further understand employee performance. | Not enough data | |
Dashboards | Visualizes individual and team insights such as new leads and outbound calls. | Not enough data | |
Goal Setting | Allows teams to set trackable goals within the tool. | Not enough data |
Administrative
Integration | Integrates with CRM and financial systems to help determine goals | Not enough data | |
Employee Structure | Organizes team members by roles, activities and objectives and weighs tasks by importance. | Not enough data | |
Behavior Monitoring | Allows managers and administrators to peruse profiles and monitor employee behavior and performance. | Not enough data |
Financial Insight
Budgeting | Based on 91 Prophix Software reviews and verified by the G2 Product R&D team. Uses collected data to assist organizations in understanding what they can afford now, and in years to come. | 92% (Based on 91 reviews) | |
Forecasting | Based on 86 Prophix Software reviews and verified by the G2 Product R&D team. Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline. | 90% (Based on 86 reviews) | |
Planning | Based on 88 Prophix Software reviews and verified by the G2 Product R&D team. Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly. | 90% (Based on 88 reviews) |
Data
Data Visualization | Based on 84 Prophix Software reviews and verified by the G2 Product R&D team. Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts. | 82% (Based on 84 reviews) | |
Data Analysis | Based on 89 Prophix Software reviews and verified by the G2 Product R&D team. Scours data for actionable insights. | 85% (Based on 89 reviews) | |
Custom Reporting | Based on 87 Prophix Software reviews and verified by the G2 Product R&D team. Allows users to customize their own reports according to business needs. | 89% (Based on 87 reviews) | |
Reporting Templates | Based on 88 Prophix Software reviews and verified by the G2 Product R&D team. Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions. | 84% (Based on 88 reviews) |
Status Communication
Collaboration | Based on 75 Prophix Software reviews and verified by the G2 Product R&D team. Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users. | 81% (Based on 75 reviews) | |
Version Control | Based on 84 Prophix Software reviews and verified by the G2 Product R&D team. Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance. | 88% (Based on 84 reviews) | |
Real-Time Data Updates | Based on 82 Prophix Software reviews and verified by the G2 Product R&D team. Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information. | 83% (Based on 82 reviews) | |
Scorecards | Based on 64 Prophix Software reviews and verified by the G2 Product R&D team. Displays and shares company performance data to increase transparency across the board. | 80% (Based on 64 reviews) |
Budget Creation
Data Import | Import trial balance, monthly P&L, balance sheets, and other types of financial data This feature was mentioned in 99 Prophix Software reviews. | 90% (Based on 99 reviews) | |
Budget Hierarchies | As reported in 93 Prophix Software reviews. Define budget structure elements and how they are linked hierarchically | 91% (Based on 93 reviews) | |
Versioning | Keeps track of all versions of a budget and allows users to compare versions 101 reviewers of Prophix Software have provided feedback on this feature. | 91% (Based on 101 reviews) | |
Formulas | As reported in 98 Prophix Software reviews. Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues | 84% (Based on 98 reviews) | |
What-If | Test the potential financial impact of business decisions on revenues and expenses This feature was mentioned in 69 Prophix Software reviews. | 76% (Based on 69 reviews) | |
Budget Periods | Users can customize standard budget periods (3, 9, or 12 months) 94 reviewers of Prophix Software have provided feedback on this feature. | 91% (Based on 94 reviews) |
Budget Management
Consolidation | As reported in 84 Prophix Software reviews. Consolidate multiple budgets from different departments or business entities | 88% (Based on 84 reviews) | |
Adjustments | As reported in 83 Prophix Software reviews. Users with administrative access rights can modify budgets | 90% (Based on 83 reviews) | |
Workflows | As reported in 86 Prophix Software reviews. Workflows are used to define the steps required to alter budgets and who needs to approve changes | 86% (Based on 86 reviews) |
Forecasting
Historical Data | As reported in 98 Prophix Software reviews. Forecasting is based on past transactions and historical financial or operational data | 92% (Based on 98 reviews) | |
Reforecast | As reported in 88 Prophix Software reviews. Ability to recreate forecasts to include new information that may impact budgets | 88% (Based on 88 reviews) | |
Forecast Types | Support multiple types of forecasts such as balance sheet and cash flow forecasts This feature was mentioned in 82 Prophix Software reviews. | 85% (Based on 82 reviews) | |
Rolling Forecasts | As reported in 83 Prophix Software reviews. Used to review and update budgeting assumptions for a predefined period (usually one year) | 87% (Based on 83 reviews) | |
AI | Based on 26 Prophix Software reviews. Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns | 57% (Based on 26 reviews) |
Analytics
Variance Analysis | As reported in 92 Prophix Software reviews. Project out as the year progresses to accommodate trends that affect key business drivers. | 87% (Based on 92 reviews) | |
Forecasts Comparison | Based on 87 Prophix Software reviews. compare Income Statement, Balance Sheet, and Cash Flow for multiple periods | 87% (Based on 87 reviews) | |
Forward Looking | Based on 73 Prophix Software reviews. Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data | 87% (Based on 73 reviews) | |
Variance Analysis | Project out as the year progresses to accommodate trends that affect key business drivers. | Not enough data | |
Reports | Generate cash flow reports in order to see where money is coming in and where it's going | Not enough data | |
Forecast Comparison | Compare Income Statement, Balance Sheet, and Cash Flow for multiple periods | Not enough data | |
Forward Looking | Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data | Not enough data |
Data Management
Data Import | Financial information can be imported from multiple sources such as spreadsheets, text files, or databases 20 reviewers of Prophix Software have provided feedback on this feature. | 90% (Based on 20 reviews) | |
Data Consolidation | Data from multiple systems can be centralized into a single repository This feature was mentioned in 20 Prophix Software reviews. | 85% (Based on 20 reviews) | |
Data Validation | Based on 20 Prophix Software reviews. Financial data can be validated to avoid duplicates and errors | 81% (Based on 20 reviews) |
Reporting Structure
Reporting Hierarchy | Based on 20 Prophix Software reviews. Administrators can define and manage the reporting structure and access rights to each report | 88% (Based on 20 reviews) | |
Report Templates | As reported in 20 Prophix Software reviews. Templates that can be used to create new reports without starting from scratch | 81% (Based on 20 reviews) | |
Report Types | Based on 20 Prophix Software reviews. Provide multiple types of reports such as point-in-time or snapshot reports, year over year, or time to date | 89% (Based on 20 reviews) |
Standard Analytics
Standard KPIs | Based on 18 Prophix Software reviews. Include most common financial KPIs such as gross and net profit margin, or working capital | 70% (Based on 18 reviews) | |
Standard Reports | Standard financial reports are provided out of the box 19 reviewers of Prophix Software have provided feedback on this feature. | 62% (Based on 19 reviews) | |
Financial Statements | See feature definition | Based on 19 Prophix Software reviews. Ability to analyze financial statements such as income statement and balance sheet | 75% (Based on 19 reviews) |
Drill Down | Users can drill down to the detail level of each transaction or financial entry 18 reviewers of Prophix Software have provided feedback on this feature. | 85% (Based on 18 reviews) |
Custom Analytics
Dashboards | Based on 19 Prophix Software reviews. Dashboards can be customized to display different types of data from various sources | 75% (Based on 19 reviews) | |
Custom KPIs | Users can modify standard financial KPIs and metrics This feature was mentioned in 19 Prophix Software reviews. | 74% (Based on 19 reviews) | |
Custom Reports | As reported in 19 Prophix Software reviews. Allow users to edit reports and to combine multiple reports | 85% (Based on 19 reviews) | |
Self Service | A dedicated portal for external users with limited access to the system This feature was mentioned in 18 Prophix Software reviews. | 75% (Based on 18 reviews) | |
Multiple Entities | Monitors the financial performance of multiple entities This feature was mentioned in 19 Prophix Software reviews. | 82% (Based on 19 reviews) |
Cash Flow Management
File Exports | Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis. | Not enough data | |
Income and Expenses | Add one-time or recurring items to your cash flow and add line items for each payment or deposit. | Not enough data | |
Track Cash Flow | Check your cash on hand at the beginning of each month and view each day incoming and outgoing funds. | Not enough data |
Cash Flow Forecasting
Historical Data | Cash flow forecasting is based on past transactions and historical financial or operational data | Not enough data | |
Reforecast | Ability to recreate forecasts to include new information that may impact budgets | Not enough data | |
Forecast Types | Support multiple types of forecasts such as balance sheet and cash flow forecasts | Not enough data | |
Rolling Forecasts | Used to review and update budgeting assumptions for a predefined period (usually one year) | Not enough data | |
AI | Uses AI algorithms and models to predict future cash flow trends and outcomes, based on historical data and patterns | Not enough data |
Financial Data Transfer
Data Transfer | Automates the transfer of data between an organization's ERP system and its bank | Not enough data | |
Data Exchange | Streamlines the exchange of information between internal systems | Not enough data | |
Reporting | Automatically extracts data required for cash forecasting and liquity reporting | Not enough data | |
Access | Restricts access to certain users within an organization, or provides access for third parties | Not enough data | |
Integration | Integrates with other financial software, such as Treasury Management, Budgeting & Foreasting, or Invoice Management software | Not enough data |
Reconciliation
Consolidation | Based on 35 Prophix Software reviews and verified by the G2 Product R&D team. Data from multiple systems can be centralized into a single repository | 88% (Based on 35 reviews) | |
Management | Based on 42 Prophix Software reviews and verified by the G2 Product R&D team. Financial information can be imported from multiple sources such as spreadsheets, text files, or databases | 90% (Based on 42 reviews) | |
Accounting | Based on 30 Prophix Software reviews and verified by the G2 Product R&D team. Match invoices, payments, and bank statement information | 78% (Based on 30 reviews) |
Reporting
Report Types | Based on 41 Prophix Software reviews and verified by the G2 Product R&D team. Provide multiple types of reports such as point-in-time snapshot reports, or year over year | 92% (Based on 41 reviews) | |
Standard | Based on 37 Prophix Software reviews and verified by the G2 Product R&D team. Offers standard financial reports out of the box | 84% (Based on 37 reviews) | |
Custom | Based on 40 Prophix Software reviews and verified by the G2 Product R&D team. Allows users to edit reports and to combine multiple reports | 91% (Based on 40 reviews) |
Closing Process
Audit | Based on 30 Prophix Software reviews and verified by the G2 Product R&D team. Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals. | 78% (Based on 30 reviews) | |
Journal Entries | Based on 21 Prophix Software reviews and verified by the G2 Product R&D team. Adjusts journal entries in order to have an accurate balance sheet and income statement | 71% (Based on 21 reviews) | |
Distribution | Based on 39 Prophix Software reviews and verified by the G2 Product R&D team. Financial statements and statistical reports (such as KPI) can be assembled into financial packages | 88% (Based on 39 reviews) |
Financial Planning
Extended Planning | Based on 36 Prophix Software reviews and verified by the G2 Product R&D team. Analysis that creates business plans outside of finance, including sales, marketing, or HR. | 83% (Based on 36 reviews) | |
Reporting | Based on 41 Prophix Software reviews and verified by the G2 Product R&D team. Reports on departmental KPI metrics measured against targets. | 85% (Based on 41 reviews) | |
Integration | Based on 42 Prophix Software reviews and verified by the G2 Product R&D team. Consolidates planning processes across an organization into a single solution. | 82% (Based on 42 reviews) |
Reconciliation - Financial Reconciliation
Automation | Automates the process of comparing financial transactions between different accounts, statements, or systems | Not enough data | |
Bank Statements | Helps match transactions recorded in the company's books with those in the bank statement | Not enough data | |
Exceptions | Alerts users when exceptions and discrepencies can't automatically be resolved | Not enough data | |
Algorithms | Uses algorithms, such as rule-based matching, fuzzy logic, or machine learning techniques to help with comparing large sets of data | Not enough data |
Audit - Financial Reconciliation
Accuracy | Ensures that financial records are accurate and precise, reducing the chances of errors that could lead to audit issues | Not enough data | |
Compliance | Meets industry-specific compliance requirements and supports regulatory standards | Not enough data | |
Reporting | Offeres customizable reporting features to provide a clear overview of the financial reconciliation process and any issues that may need attention | Not enough data | |
Audit Trail | Provides a detailed history of reconciliations and supports the accuracy of financial records | Not enough data |
Integrations - Financial Reconciliation
Accounting | Integrates with accounting platforms to allow the import and reconciliation of financial data | Not enough data | |
Inventory | Integrates with inventory management systems to help reconcile financial data related to product movements, purchases, and sales | Not enough data | |
ERP | Integrates with ERP systems to reconcile financial data across various modules and departments | Not enough data | |
Banking | Integrates with banking systems to import and match bank transactions | Not enough data |
User Permissions and Security - Financial Reconciliation
Authentication | Uses features such as multi-factor authentication (MFA) to help ensure that only authorized users can access the software | Not enough data | |
Regulations | Complys with regulations and standards, such as Sarbanes-Oxley (SOX), GDPR, or HIPAA | Not enough data |
Sales Performance Features - Sales Planning
Account Scoring | Provides ability to score accounts based on potential revenue to prioritize accordingly. | Not enough data | |
Revenue Planning | Provides ability to structure topline revenue goals. | Not enough data | |
Account Segmentation | Segment accounts based on ideal customer profile and business objectives. | Not enough data | |
Sales Performance | Ability to monitor plan performance data to identify deviations and course correct for rep and business unit. | Not enough data | |
Sales Forecasting | Forecast sales data for sales teams, individual reps, territories, or products. | Not enough data | |
Integrations | Integrates with a variety of business systems to pull in relevant data and make data-driven decisions. | Not enough data | |
Scenario Modeling | Abilty to create and run "what-if" scenario modeling to inform business decisions. | Not enough data |
Territory Management - Sales Planning
Territory Management | Ability to manage distribution of territories and alter segmentation and coverage to meet business goals. | Not enough data | |
Territory Planning | Define territories to ensure optimized market coverage and allocate resources appropriately. | Not enough data |
Quota & Capacity Management - Sales Planning
Quota Management | Ability to manage and adjust quotas continuously as needed based on market changes, new hires, territory changes. | Not enough data | |
Capacity Management | Enable organizations to adjust sales capacity based on volatility such as headcount changes, restructuring, or organizational growth. | Not enough data | |
Quota Planning | Design quota targets based on factors such as account size, rep performance, and pipeline needs. | Not enough data |
Agentic AI - Sales Planning
Autonomous Task Execution | Capability to perform complex tasks without constant human input | Not enough data | |
Multi-step Planning | Ability to break down and plan multi-step processes | Not enough data |
Agentic AI - Cash Flow Management
Autonomous Task Execution | Capability to perform complex tasks without constant human input | Not enough data |
Agentic AI - Financial Reconciliation
Autonomous Task Execution | Capability to perform complex tasks without constant human input | Not enough data |
Agentic AI - Sales Performance Management
Autonomous Task Execution | Capability to perform complex tasks without constant human input | Not enough data | |
Natural Language Interaction | Engages in human-like conversation for task delegation | Not enough data | |
Proactive Assistance | Anticipates needs and offers suggestions without prompting | Not enough data |
Agentic AI - FP&A (Financial Planning & Analysis)
Proactive Assistance | Anticipates needs and offers suggestions without prompting | Not enough data | |
Decision Making | Makes informed choices based on available data and objectives | Not enough data |
Agentic AI - Financial Close
Autonomous Task Execution | Capability to perform complex tasks without constant human input | Not enough data |
Agentic AI - Budgeting and Forecasting
Natural Language Interaction | Engages in human-like conversation for task delegation | Not enough data | |
Proactive Assistance | Anticipates needs and offers suggestions without prompting | Not enough data | |
Decision Making | Makes informed choices based on available data and objectives | Not enough data |
Agentic AI - Financial Analysis
Cross-system Integration | Works across multiple software systems or databases | Not enough data | |
Decision Making | Makes informed choices based on available data and objectives | Not enough data |
