Prophix Software Strengths, Domain Expertise, and Key Differentiators
Prophix helps midmarket companies achieve their goals more successfully with its innovative Corporate Performance Management (CPM) software. With Prophix, finance leaders improve profitability and minimize risk by automating budgeting, planning and reporting and puts the focus back on what matters most, uncovering business opportunities and driving competitive advantage.
Prophix Software Recent Developments
In September 2019, Prophix Software launched Prophix featuring Virtual Financial Analyst. The Virtual Financial Analyst leverages Natural Language and Machine Learning for increased CPM efficiencies, including deeper chart insights that eliminate time-consuming manual tasks.
Prophix Software Mergers and Acquisitions (M&A) Activities
In October 2021, Prophix Broadens its Reach and Capabilities with the Acquisition of Belgium-based Sigma Conso.
Prophix Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Prophix Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Prophix Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Prophix Corporate Performance Management Platform customers.
Prophix Software Overview
Ownership: - x
Number of Employees: 450
Functional Markets: EPM, HCM, SPM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K580, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Prophix Software Key Enterprise and Cloud Applications
Prophix Corporate Performance Management Platform
Prophix Software Revenues, $M:
| Type/Year | 2020 | 2021 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Prophix Software Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Prophix Software Enterprise Applications Revenues By Functional Markets, $M:
Prophix Software Enterprise Applications Revenues By Verticals, $M:
Prophix Software Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Prophix Software Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Prophix Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Prophix Software Customers
No. of Prophix Software Customers: 3000
No. of Prophix Software Enterprise Applications Customers: 3000
No. of Prophix Software Cloud Customers: x
No. of Prophix Software Cloud Subscribers: x
With over 3000 customers worldwide, Prophix serves any type of industry. Some of Prophix's customers are UPMC Health Plan, Swan Mill Paper Company, Aluminium Industries, Abena, Allstar, Ameriqual Group LLC, beeline group, Breast Cancer Care, Port of Tacoma, Rain for Rent, Senior Living Group, Dime Community Bank, and many more.
Prophix Software Market Opportunities, M&A and Geo Expansions
With the growing investment in Cloud technology, Profix follows the technology step in the market and thus will attract more international customers.
In April 2020, Prophix Software secured $7.5 million in debt financing to support its accelerated growth strategy in a rapidly evolving marketplace. Funding was provided by BDC Capital and CIBC Innovation Banking.
Prophix Software Risks and Challenges
The downside a lack of integrations with other crucial business applications.
Prophix Software Ecosystem, Partners, Resellers and SI
In June 2020, Prophix partnered with Sage Construction and Real Estate to expand it's construction focus. The partnership will deliver integration between Prophix and Sage 300 Construction and Real Estate.
Prophix besides Sage, has established partnerships with SYSPRO, Acumatica, DXC Technology, Ellucian, RSM, Viewpoint, and many more.
Prophix Software Cloud Infrastructure Insights
Subscribe to read more about:
- Prophix Software Public Cloud and Infrastructure (IaaS)
- Prophix Software Platform (PaaS)
- Prophix Software Application Delivery
- Prophix Software Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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