TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Prophix

    Score8.2 out of 10
    Enterprise companies (1,001+ employees)
    Prophix One, a Financial Performance Platform, is used to improve the speed and accuracy of decision-making within a harmonized user experience. To reduce complexity and uncertainty, the software offers automated insights and planning, budgeting, forecasting, reporting, and consolidation functionalities.N/A
    Pricing
    Prophix
    Editions & Modules
    No answers on this topic
    Offerings
    Pricing Offerings
    Prophix
    Free Trial
    Yes
    Free/Freemium Version
    No
    Premium Consulting/Integration Services
    Yes
    Entry-level Setup FeeOptional
    Additional Details—
    More Pricing Information
    Community Pulse
    Prophix
    Considered Both Products
    Prophix Software
    Chose Prophix
    I've just recently evaluated FloQast and was very intrigued with their product. Overall review is they don't have a budget/forecasting tool. This is a main piece of our business and doesn't hold up against Prophix.
    Incentivized
    Chose Prophix
    I have used other budgeting and forecasting tools at different companies, and Prophix is a much easier product to use and implement. I have received better user feedback from Prophix compared to other tools I have used at other companies. Other tools lacked dashboard …
    Incentivized
    Chose Prophix
    We elected to give Prophix the initial chance given the cheaper price point and since we were already using this tool for consolidation purposes.
    Incentivized
    Chose Prophix
    Prophix was chosen because it appeared nimble and easy to use. In contrast, it was more affordable than the other solutions we looked at.
    Incentivized
    Chose Prophix
    Prophix was the clear choice when evaluating multiple software applications. The concept of dimensions in Prophix allows the organization to generate reports of any kind and there is no request for a report that we have not been able to create. Having direct budget entry into …
    Incentivized
    Chose Prophix
    I was not in the selection process; however, after using Adaptive at a former company, I feel Prophix is much easier from the user standpoint (especially for those who don't work in finance). The one pro of a tool like Adaptive, though, is that it is a Workday product so that …
    Incentivized
    Chose Prophix
    We ultimately chose Prophix for its stronger automation features and direct relationship with CMiC. While Vena offers a similar set of capabilities, we found Prophix to be more intuitive, especially when it comes to creating and managing reports without heavy reliance on Excel. …
    Incentivized
    Chose Prophix
    We carried out an evaluation with IBM, and some other national software that is not on the list, such as Lever Pro and Allstrategy. For IBM, our main problem was that the software representative wanted to sell something modular, thus losing all the functionality of a "blank …
    Incentivized
    Chose Prophix
    We felt Prophix was much more flexible than Briq and offered a more solid financial reporting and budgeting package. Briq is more custom built solution-focused. They build solutions to fit your specific needs. The primary reason we went with Prophix is that we wanted something …
    Incentivized
    Chose Prophix
    Prophix is much more advanced and has more capabilities to Quickbooks. It is more flexible, agile, and creative than these softwares. The automation is really what sets it apart from these type of software. Integrating directly with our ERP is something that is enormously …
    Incentivized
    Chose Prophix
    I didn't select Prophix for our company, but it does some things very well. It is way easier to set up and maintain than Hyperion and BPC, which require ongoing support from our IT department. Prophix only requires us to involve IT when we need to map new external data or …
    Incentivized
    Chose Prophix
    We chose Prophix because of their better service, their Canadian presence, cost and overall it seemed a better match to our needs. Workday seemed like it was for bigger companies and came at a higher cost.
    Incentivized
    Chose Prophix
    I was not apart of the Prophix selection process or the initial implementation. Prophix has been a good tool for us to expand upon and grow and innovate with all of our enhancements. I have not used any other tools like Prophix, but it does have a lot of good features and …
    Incentivized
    Chose Prophix
    I was not specifically part of the selection process, but it is my understanding that Prophix's security model played a big part in choosing the platform. Gaining efficiencies from processes that were previously done manually in excel was another driving factor. Additionally, a …
    Incentivized
    Chose Prophix
    Very simple end-user experience, easy to implement, ability to link to and from Microsoft D365.
    Incentivized
    Chose Prophix
    Prophix customer service has been exceptional whenever we needed them.
    Incentivized
    Chose Prophix
    The learning curve to understanding Prophix is far less severe than it has been with other softwares. It requires much less time in order to learn how to be a beginning user and then each progression to deeper levels of understanding is remarkably easy. I appreciate the …
    Incentivized
    Chose Prophix
    Prophix is 10 steps ahead of Spectrum. They are very different though. Spectrum is our ERP - while Prophix is a very useful and needed add on.
    Incentivized
    Chose Prophix
    Price, functionality, and service were major factoring for us when deciding on which platform to use.
    Incentivized
    Chose Prophix
    Workday seems as though it had similar features, price point was much higher. We selected Prophix because we had it many years ago before the cloud and several new features.
    Incentivized
    Chose Prophix
    We compared Prophix with Board and Adaptive Planning. Prophix seemed to be much more user friendly when compared to Board. It was just a more robust product.
    It did stack very well with Workday Adaptive Planning, but what set them apart was that Prophix has a great …
    Incentivized
    Chose Prophix
    D365 lacked basic functionality to develop a budget. In its current form would have had to resort to going back to excel to build the budget.
    Incentivized
    Chose Prophix
    Prophix works for our business and is flexible enough to work for a number of different types of business. We are able to work with Prophix to develop cubes that record out business needs and supply our budget holders with graphical data to support their reporting needs. The …
    Incentivized
    Chose Prophix
    While all had similar features at the time of our evaluation, especially from the reporting standpoint. Prophix worked best for our zero-based budgeting model and the level of detail that we were looking to maintain. We also felt it was a better fit for our Dynamics GP …
    Incentivized
    Key User Insights
    Would buy again
    98%
    Would buy again
    110 Answers
    Delivers good value for the price
    99%
    Delivers good value for the price
    97 Answers
    Happy with the feature set
    99%
    Happy with the feature set
    111 Answers
    Lived up to sales and marketing promises
    98%
    Lived up to sales and marketing promises
    80 Answers
    Implementation went as expected
    87%
    Implementation went as expected
    76 Answers
    Features
    Prophix
    BI Standard Reporting
    Comparison of BI Standard Reporting features of Prophix
    Feature
    Prophix
    5.7
    16 Ratings
    29% below category average
    Pixel Perfect reports5.03 Ratings
    Customizable dashboards5.415 Ratings
    Report Formatting Templates6.615 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of Prophix
    Feature
    Prophix
    8.5
    104 Ratings
    4% above category average
    Drill-down analysis9.1103 Ratings
    Formatting capabilities7.6101 Ratings
    Report sharing and collaboration9.098 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of Prophix
    Feature
    Prophix
    8.3
    96 Ratings
    1% above category average
    Publish to PDF8.791 Ratings
    Report Versioning7.571 Ratings
    Report Delivery Scheduling8.883 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of Prophix
    Feature
    Prophix
    4.1
    39 Ratings
    60% below category average
    Predictive Analytics4.139 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of Prophix
    Feature
    Prophix
    8.9
    99 Ratings
    2% above category average
    Multi-User Support (named login)9.096 Ratings
    Role-Based Security Model9.096 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)9.099 Ratings
    Report-Level Access Control8.440 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of Prophix
    Feature
    Prophix
    7.5
    52 Ratings
    5% below category average
    Responsive Design for Web Access7.552 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of Prophix
    Feature
    Prophix
    8.6
    202 Ratings
    4% above category average
    Long-term financial planning9.0167 Ratings
    Financial budgeting9.1197 Ratings
    Forecasting8.1189 Ratings
    Scenario modeling7.8153 Ratings
    Management reporting8.9192 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of Prophix
    Feature
    Prophix
    7.7
    163 Ratings
    3% below category average
    Financial data consolidation8.8133 Ratings
    Journal entries and reports9.181 Ratings
    Multi-currency management6.866 Ratings
    Intercompany Eliminations6.678 Ratings
    Minority Ownership6.732 Ratings
    Local and consolidated reporting8.7116 Ratings
    Detailed Audit Trails7.696 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of Prophix
    Feature
    Prophix
    7.9
    193 Ratings
    2% below category average
    Financial Statement Reporting9.1175 Ratings
    Management Reporting8.8187 Ratings
    Excel-based Reporting8.0171 Ratings
    Automated board and financial reporting8.5149 Ratings
    XBRL support for regulatory filing5.28 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of Prophix
    Feature
    Prophix
    6.1
    169 Ratings
    26% below category average
    Personalized dashboards7.6156 Ratings
    Color-coded scorecards5.3114 Ratings
    KPIs5.9124 Ratings
    Cost and profitability analysis5.8124 Ratings
    Key Performance Indicator setting6.099 Ratings
    Benchmarking with external data5.967 Ratings
    Integration
    Comparison of Integration features of Prophix
    Feature
    Prophix
    8.5
    189 Ratings
    2% above category average
    Flat file integration9.0152 Ratings
    Excel data integration8.7166 Ratings
    Direct links to 3rd-party data sources7.8144 Ratings
    Best Alternatives
    Prophix
    Small Businesses
    No answers on this topic
    Medium-sized Companies
    IBM Planning Analytics
    Score8.8 out of 10
    Enterprises
    Oracle Fusion Cloud Enterprise Performance Management
    Score10 out of 10
    All AlternativesView all alternatives
    User Ratings
    Prophix
    Likelihood to Recommend
    8.0
    (220 ratings)
    Likelihood to Renew
    10.0
    (16 ratings)
    Usability
    8.1
    (44 ratings)
    Availability
    10.0
    (29 ratings)
    Performance
    9.9
    (28 ratings)
    Support Rating
    8.2
    (121 ratings)
    In-Person Training
    10.0
    (11 ratings)
    Online Training
    10.0
    (13 ratings)
    Implementation Rating
    9.0
    (19 ratings)
    Configurability
    9.0
    (11 ratings)
    Ease of integration
    8.6
    (29 ratings)
    Product Scalability
    10.0
    (26 ratings)
    Vendor post-sale
    8.5
    (23 ratings)
    Vendor pre-sale
    7.5
    (21 ratings)
    User Testimonials
    Prophix
    Likelihood to Recommend
    Prophix Software
    If the budgeting is done with Excel spreadsheets, and your company is small to medium in size, Prophix is the system for you! Additionally, if your company is also doing monthly forecasting in Excel, Prophix will save you time and reduce errors. There are also many other worthwhile features, such as Account Reconciliation and consolidations.
    Incentivized
    Read full review
    Pros
    Prophix Software
    • Reporting - single report that can be opened by multiple users, each will see only aspect specific to them based on their security access.
    • Budgeting - workflow driven budget data collection, visibility of its current status, ability to take action to ensure timely completion. Ability to snapshot budget data at a point in time. Ability to perform what-if scenarios.
    • Forecasting - as above with added benefit of either reusing budget level of grain or forecasting at high level.
    • Granular planning - ability to create unlimited number of subsidiary models to assist with the planning process. Non-financial data collected during budget/forecast process help with operation planning and variance analysis.
    Incentivized
    Read full review
    Cons
    Prophix Software
    • Prophix could improve on its dashboarding capability - it is very basic and we always present our graphs/visuals in Excel.
    • We would love it if Prophix could improve its line item detail reports. They are not great right after downloading and require a lot of manipulation in Excel.
    • It would be awesome if we could fully integrate our invoicing software with Prophix. This would allow us to view invoices within Prophix rather than having to go into another tool.
    Read full review
    Likelihood to Renew
    Prophix Software
    The system works well for us, and meets all of our needs. All of our future plans can and will be achieved within Prophix, so there is no need to pursue another product. Prophix has continuously proven to improve their product over the years, which provides an even higher level of confidence in this tool, and future developments
    Read full review
    Usability
    Prophix Software
    I have used other reporting software over the years and so far this has been the simplest to set up, the most flexible to use and we have not yet used Prophix to its full capacity. Over the next year or so I can see us extending our use of Prophix to include any number of other functions.
    Incentivized
    Read full review
    Reliability and Availability
    Prophix Software
    The availability in Prophix is relatively good. We have occurred random outages in different versions that wipe out data, which can be brought back. Or we have ran into system wide slowness that impacts all users in the system, but we have been able to get more capacity to supply our performance.
    Incentivized
    Read full review
    Performance
    Prophix Software
    Prophix has always performed consistently. We are using on-premise so many factors can contribute to slower than desired performance, most having nothing to do with Prophix itself. If we move to the web-client cloud based solution I believe performance will even be better.
    Incentivized
    Read full review
    Support Rating
    Prophix Software
    The Prophix staff is very helpful and quick to respond. I like that they teach me instead of doing it for me when possible, so I don't have to contact them as often! Never talked to anyone at Prophix that I didn't respect or think highly of! Very professional, great customer service!
    Incentivized
    Read full review
    In-Person Training
    Prophix Software
    We worked with a consultant provided by the vendor for implementation. Training involved online and in person. The in person training was done throughout the implementation. It was very hands on training. As we worked through sections of the set-up, we were training on how to use various features within the product. It made learning the system very easy.
    Incentivized
    Read full review
    Online Training
    Prophix Software
    We used our system and created a test cube to work with our own data. We ran through the different functions of Prophix and covered alot of material. We did two sessions a week, with homework tasks assigned. We were able to ask questions and cover any questions during the followup sessions.
    Incentivized
    Read full review
    Implementation Rating
    Prophix Software
    Prophix Consulting should bring, in house, chargeable expertise in Oracle EBS table access for Drill Across and provide reasonable limits on dimension member combinations so there are no unreasonable expectations about the application of multi dimensional cubes to detail, such as revenue by product and customer.
    Incentivized
    Read full review
    Alternatives Considered
    Prophix Software
    We felt Prophix was much more flexible than Briq and offered a more solid financial reporting and budgeting package. Briq is more custom built solution-focused. They build solutions to fit your specific needs. The primary reason we went with Prophix is that we wanted something we could tweak and design on our own after the initial build-out of the solution.
    Incentivized
    Read full review
    Scalability
    Prophix Software
    I gave Prophix a 10 on scalability because we currently deploy the solution to department heads across our entire organization and never have any issues with those individuals using or accessing the system to look at their financial information within premade templates . They currently enter budgets and review reports within the system currently. The only issue is they cannot typically use the ad hoc functionality because that would require higher level licenses that cost more and it is not worth it to give them more costly licenses since they really aren't working in the system quite like the robust finance users
    Incentivized
    Read full review
    Return on Investment
    Prophix Software
    • Prophix has made it possible to move away from some Excel reporting we were doing, which allows for 50% quicker reporting on a monthly basis.
    • Although it has saved us time, an improved PowerPoint feature that automatically updates our decks would save an additional 75% on top of what we already do.
    • Our Board Reporting has improved by 10 hours by moving our reports fully into Prophix.
    Read full review
    ScreenShots

    Prophix Screenshots

    Screenshot of Prophix One Portal: One single point of entry into Prophix One through its portal simplifies access and authentication but also allows seamless movement between applications.Screenshot of Chart Insights, one of the AI Insights capabilities that utilizes Artificial Intelligence and Natural Language Processing to provide enhanced business awareness.  Chart Insights extends the important details contained within dashboards, and analyzes the complete dataset behind the dashboard, automatically surfacing the data relationships not obvious in dashboard visualizations alone. It then provides a summary of key performance metrics found buried within Prophix charts.  It also summarizes the important insights in plain English.Screenshot of Prophix One Financial Planning & Analysis: Prophix's self-serve dashboards and visualizations are directly integrated with data, workflow tasks, announcements, and external URLs and databases. Dashboard Studio helps users to be informed and make better business decisions.Screenshot of Detailed interactive charts and graphs that Prophix offers to uncover insights. Prophix’s visual analytics are linked directly to data with transaction details.  There is no need to input the numbers.  Prophix does this tedious work, automatically.Screenshot of Prophix’s Workflow Manager, used to assign tasks to users and facilitate approvals across the business.  Stakeholder input can be captured directly with the ability to add comments and notes in a single unified database.Screenshot of Cell Comments, that allow users to add supporting details like notes and attachments to data.  Since comments are stored with the data, they can be viewed in any template along with their trailing history. Cell Comment Reports can also be generated to show all comments from any data view in one convenient report.