What users are saying about
7 Ratings

Prophix

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Top Rated
119 Ratings
7 Ratings
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Score 8.3 out of 101

Prophix

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Top Rated
119 Ratings
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Score 8.9 out of 101

Add comparison

Likelihood to Recommend

15Five

I think 15Five is well suited for any organization but especially well suited for larger teams and/or teams that are in various geographical locations. For small teams that work closely together on a daily basis, the user may not see the same returns since there would be ample opportunity for communication.
No photo available

Prophix

Prophix gives you a great ability to use your current financial data and forecast future revenues and expenses. This, by itself, is a great selling point alone. The additional level of data analysis ability pushes it over the edge. If the data is in your ERP and you want to know something about it, Prophix gives you a way to get that answer.
Andrew Commons profile photo

Feature Rating Comparison

Performance and Goals

15Five
10.0
Prophix
Corporate goal setting
15Five
10.0
Prophix
Subordinate goal setting
15Five
10.0
Prophix
Individual goal setting
15Five
10.0
Prophix
Line-of sight-visibility
15Five
10.0
Prophix
Performance tracking
15Five
10.0
Prophix

Performance Management

15Five
9.1
Prophix
Performance plans
15Five
10.0
Prophix
Review status tracking
15Five
10.0
Prophix
Rater nomination workflow
15Five
10.0
Prophix
Review reminders
15Five
10.0
Prophix
Workflow restrictions
15Five
7.0
Prophix
Multiple review frequency
15Five
7.0
Prophix
Reporting
15Five
10.0
Prophix

Budgeting, Planning, and Forecasting

15Five
Prophix
7.9
Long-term financial planning
15Five
Prophix
7.8
Financial budgeting
15Five
Prophix
8.5
Forecasting
15Five
Prophix
7.9
Scenario modeling
15Five
Prophix
7.4
Management reporting
15Five
Prophix
8.1

Consolidation and Close

15Five
Prophix
8.1
Financial data consolidation
15Five
Prophix
8.3
Journal entries and reports
15Five
Prophix
7.6
Multi-currency management
15Five
Prophix
8.4
Intercompany Eliminations
15Five
Prophix
8.3
Minority Ownership
15Five
Prophix
8.4
Local and consolidated reporting
15Five
Prophix
8.4
Detailed Audit Trails
15Five
Prophix
7.2

FInancial Reporting and Compliance

15Five
Prophix
7.8
Financial Statement Reporting
15Five
Prophix
8.4
Management Reporting
15Five
Prophix
8.2
Excel-based Reporting
15Five
Prophix
7.9
Automated board and financial reporting
15Five
Prophix
7.7
XBRL support for regulatory filing
15Five
Prophix
6.7

Analytics

15Five
Prophix
7.7
Personalized dashboards
15Five
Prophix
7.3
Color-coded scorecards
15Five
Prophix
7.4
KPIs
15Five
Prophix
7.7
Cost and profitability analysis
15Five
Prophix
7.8
Key Performance Indicator setting
15Five
Prophix
7.8
Benchmarking with external data
15Five
Prophix
8.2

Integration

15Five
Prophix
8.2
Flat file integration
15Five
Prophix
8.4
Excel data integration
15Five
Prophix
8.2
Direct links to 3rd-party data sources
15Five
Prophix
8.0

Pros

  • Flexibility to set your questions by company/team/individual.
  • It is a weekly reporting platform that also has the functionality to do end of year reviews. Having continuity makes the end of year process much more streamlined.
  • Allows individuals to set, report and record progress on weekly goals. These users can then go back later and review these goals and progress throughout the year.
No photo available
  • Regular automated reporting - Easy to set up and schedule the processes needed to load, combine, and calculate data for reports, and then distribute the reports according to flexible schedules
  • Easy to set up the data uploads from various sources, then automate the uploads - Prophix can read .txt, .csv, and Excel formats, set up mapping to correct or consolidate overly detailed (or wrong) source data. (Most systems do this; Prophix is just much easier than most others.)
  • Clean interface to manage data models - Again, all CPM systems do this, but the Model Manager in Prophix makes this easy. If it is easy, then it is more likely we will make real-time changes in the structures to keep up with the business changes, making our reporting more relevant and timely.
  • Generation of Excel based planning and reporting templates. Everyone still like to work in Excel, and this is just real easy in Prophix.
Andreas Loeffler profile photo

Cons

  • The interface to set up the question frequency is a bit confusing.
  • The 360-degree review functionality is relatively new so there are still some kinks to work out on this part of the product.
No photo available
  • Scenario management is awkward in that related scenarios need to be at the same levels.
  • Calculated scenarios need to be exported and imported since they really do not exist within the data.
  • In the early versions of their latest 12 release, the charts are limited. (This is being enhanced with the current release which we do not yet have.)
  • When restoring a damaged data model, all changes to reports or templates since the last backup is lost. You can export prior to the restore, then import after the restore, but this is awkward and often hard to manage of there are lots of impacted reports.
  • Very limited direct Excel data access via Excel plugin.
Andreas Loeffler profile photo

Likelihood to Renew

No score
No answers yet
No answers on this topic
Prophix10.0
Based on 16 answers
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
Tim McCarthy profile photo

Usability

No score
No answers yet
No answers on this topic
Prophix8.4
Based on 13 answers
Prophix is necessarily complex because it is a very flexible tool that can be used to solve just about any data analysis or reporting need. There is always a disconnect between the initial presentation of a software product and actual implementation and use. Be sure to allocate the necessary investment in time and money for consulting help and user training.
William Van Hulzen profile photo

Reliability and Availability

No score
No answers yet
No answers on this topic
Prophix8.5
Based on 6 answers
We rarely encounter application errors or outages
Rob Strothkamp profile photo

Performance

No score
No answers yet
No answers on this topic
Prophix7.7
Based on 6 answers
Prophix continues to improve upon the performance of its product with reports and processes running more efficiently with all new releases.
Joel P. Goldstein profile photo

Support

No score
No answers yet
No answers on this topic
Prophix8.0
Based on 58 answers
Quick! It has been many years since I last had a technical problem with Prophix. When they do surface, their response to mission critical problems is quick. With non-technical problems (such as seeking input on the best way to do something), they put the right person on the issue to address the matter.
Paul Vickers profile photo

Online Training

No score
No answers yet
No answers on this topic
Prophix7.3
Based on 2 answers
Online training not company specific
Rob Strothkamp profile photo

Implementation

No score
No answers yet
No answers on this topic
Prophix8.8
Based on 8 answers
Know your requirements. Make sure you are on the same page as your consultant with cost and expected return. Know how much training will be involved and plan for it both in time and $. The implementation will be the responsibility of management, don't expect the consultant to do everything!
William Van Hulzen profile photo

Alternatives Considered

We did not review other products
No photo available
Prophix modeling is more flexible and customer support is more responsive. End users are empowered with ease of functionality that is lacking in the bigger brands. Design is more attentive to user feedback.
Carl Evans profile photo

Scalability

No score
No answers yet
No answers on this topic
Prophix8.0
Based on 4 answers
We are a medium sized company, but the structure of Prophix would seemingly adapt to whatever sized organization you have. It also can be applied in any area of an enterprise that needs performance management, whether it involves financial data or not. The potential for application within the enterprise is really only limited by you imagination.
Kevin Warnick profile photo

Return on Investment

  • 15Five is one of my favorite tools. It has allowed us to keep track of the general morale of the business and to address small issues before they became large issues
  • It has also allowed us to streamline our review process, making everybody's life easier!
No photo available
  • Required administrative attention to data integrity has improved to eliminate one contractor and redistributed full time administration to more value added activities.
  • Dimension hierarchy and member selection changes are fast, reducing decision makers wait time for presentation, allowing for more what if.
  • Forward thinking plan and forecast activities come first in modeling, with historical actual brought in for comparison and management reporting.
Carl Evans profile photo

Pricing Details

15Five

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

15Five More Information

Prophix

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
Additional Pricing Details

Prophix More Information