Technology Solutions & Practices Shared Interest Group

Hi, I work at Xebia and team leader for automation of finance processes, including FP&A, budgeting, cash flow, financial close, consolidation etc. One of the solutions I encountered is Prophix. Does anyone of you have experience with Prophix? Or has considered it - any comparable platforms to share? I am looking for input just to bounce off ideas. Thanks! KR Igor

Igor,

I did a demo of Prophix a couple years ago. They were too much for my clients so I didn't go with them. Other programs similar in nature are Blackline, Jirav, and FloQast. If you break up your requirements, you get more options. I use Fathom HQ for reporting and consolidation; Planguru and Jirav for cash flow, budgeting, and forecasting. As I have several clients, I use Keeper for the financial close. An alternative is Xenett. FinOptimal/Accruer is one for automating the accrual process and close.