What users are saying about

Adaptive Insights

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Top Rated
205 Ratings

Prophix

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Top Rated
119 Ratings

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101

Prophix

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Top Rated
119 Ratings
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Score 8.9 out of 101

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Likelihood to Recommend

Adaptive Insights

It is well suited for mid-size companies to have a budgeting, forecasting, and reporting platform. The system needs data and someone to maintain it so it would not be well suited for a small company or one without a dedicated finance team.
Brian Kyslinger profile photo

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

BI Standard Reporting

Adaptive Insights
9.3
Prophix
Pixel Perfect reports
Adaptive Insights
9.0
Prophix
Customizable dashboards
Adaptive Insights
10.0
Prophix
Report Formatting Templates
Adaptive Insights
9.0
Prophix

Ad-hoc Reporting

Adaptive Insights
8.0
Prophix
Drill-down analysis
Adaptive Insights
9.0
Prophix
Formatting capabilities
Adaptive Insights
7.0
Prophix
Integration with R or other statistical packages
Adaptive Insights
8.0
Prophix
Report sharing and collaboration
Adaptive Insights
8.0
Prophix

Report Output and Scheduling

Adaptive Insights
8.0
Prophix
Publish to PDF
Adaptive Insights
8.0
Prophix
Report Versioning
Adaptive Insights
8.0
Prophix
Report Delivery Scheduling
Adaptive Insights
8.0
Prophix

Data Discovery and Visualization

Adaptive Insights
7.7
Prophix
Pre-built visualization formats (heatmaps, scatter plots etc.)
Adaptive Insights
7.0
Prophix
Location Analytics / Geographic Visualization
Adaptive Insights
8.0
Prophix
Predictive Analytics
Adaptive Insights
8.0
Prophix

Access Control and Security

Adaptive Insights
9.0
Prophix
Multi-User Support (named login)
Adaptive Insights
9.0
Prophix
Role-Based Security Model
Adaptive Insights
9.0
Prophix
Multiple Access Permission Levels (Create, Read, Delete)
Adaptive Insights
9.0
Prophix

Mobile Capabilities

Adaptive Insights
8.5
Prophix
Responsive Design for Web Access
Adaptive Insights
8.0
Prophix
Dedicated iOS Application
Adaptive Insights
8.0
Prophix
Dedicated Android Application
Adaptive Insights
8.0
Prophix
Dashboard / Report / Visualization Interactivity on Mobile
Adaptive Insights
10.0
Prophix

Budgeting, Planning, and Forecasting

Adaptive Insights
8.6
Prophix
7.9
Long-term financial planning
Adaptive Insights
8.9
Prophix
7.8
Financial budgeting
Adaptive Insights
8.8
Prophix
8.5
Forecasting
Adaptive Insights
9.1
Prophix
7.9
Scenario modeling
Adaptive Insights
8.2
Prophix
7.4
Management reporting
Adaptive Insights
8.1
Prophix
8.1

Consolidation and Close

Adaptive Insights
7.5
Prophix
8.1
Financial data consolidation
Adaptive Insights
7.9
Prophix
8.3
Journal entries and reports
Adaptive Insights
5.6
Prophix
7.6
Multi-currency management
Adaptive Insights
7.6
Prophix
8.4
Intercompany Eliminations
Adaptive Insights
7.5
Prophix
8.3
Minority Ownership
Adaptive Insights
7.1
Prophix
8.4
Local and consolidated reporting
Adaptive Insights
8.3
Prophix
8.4
Detailed Audit Trails
Adaptive Insights
8.5
Prophix
7.2

FInancial Reporting and Compliance

Adaptive Insights
8.3
Prophix
7.8
Financial Statement Reporting
Adaptive Insights
9.0
Prophix
8.4
Management Reporting
Adaptive Insights
8.6
Prophix
8.2
Excel-based Reporting
Adaptive Insights
8.4
Prophix
7.9
Automated board and financial reporting
Adaptive Insights
8.5
Prophix
7.7
XBRL support for regulatory filing
Adaptive Insights
7.0
Prophix
6.7

Analytics

Adaptive Insights
7.6
Prophix
7.7
Personalized dashboards
Adaptive Insights
7.3
Prophix
7.3
Color-coded scorecards
Adaptive Insights
6.8
Prophix
7.4
KPIs
Adaptive Insights
8.0
Prophix
7.7
Cost and profitability analysis
Adaptive Insights
8.0
Prophix
7.8
Key Performance Indicator setting
Adaptive Insights
8.0
Prophix
7.8
Benchmarking with external data
Adaptive Insights
7.3
Prophix
8.2

Integration

Adaptive Insights
8.6
Prophix
8.2
Flat file integration
Adaptive Insights
8.3
Prophix
8.4
Excel data integration
Adaptive Insights
8.7
Prophix
8.2
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Prophix
8.0

Pros

  • Adaptive handles the concept of "versions" very well. This makes budgeting, forecasting, and scenario planning particularly easy. You can compare actuals vs budget, vs budget @ different rate, vs forecast or vs prior year all at the quick click of a button.
  • Multi-user, multi-location, multi-currency handled with ease within the system.
  • Adding or removing GL codes, levels or dimensions is really easy and is updated across the entire model.
  • The reporting writing part of the solution is excellent. Once the data is in, you can report any parameter against any other.
Andy Clifton profile photo
  • Prophix provides us a place to drive specific data out of our ERP into a format where it can be analyzed in many different ways (across time, across departments, across accounts, etc.).
  • Prophix gives us multiple ways to analyze the data that we have chosen. Along with data entry points for items in our goals or budgets, there are also ways to use formulas of different types to project future costs or revenues based upon assumptions that you program into the system. The "What If" can be built and then switched on or off to see the changes.
  • Prophix doesn't limit the types or volume of data you want to analyze. If you have multiple years of data, it doesn't slow down because you have to keep using the same formulas over and over to churn out results. The formulas are separate from the data which allows the results to flow much faster than spreadsheets.
Andrew Commons profile photo

Cons

  • For reforecasting (e.g. doing 3 + 9 or 6 + 6), it would be useful to do constant currency analysis for versions that are "hybrid" (i.e. contain actual and plan data). At the moment, the virtual version functionality only works properly for actual or plan only versions.
  • We are a company going through a process of changing financial years and trying to plan over multiple financial periods of different lengths. I have found it very difficult to handle this in the system elegantly.
  • It would be good if there were more "template" models for various common business scenarios (e.g. sets of standard modeled sheets available for personnel and fixed assets) or sets of standard cubes for revenue or projects.
Andy Clifton profile photo
  • I think that Prophix could structure their support and offerings based upon the needs/skill level of their customers. Customers that don't have the expertise on staff could be given additional help to develop their use of the software. Those with a higher skill level could be shown the depth of the product to gain additional ideas on different ways or items to analyze. Thus, increasing their own knowledge base as a springboard for additional customers.
Andrew Commons profile photo

Likelihood to Renew

Adaptive Insights8.6
Based on 32 answers
Adaptive has demonstrated their commitment to creating, maintaining, and developing an outstanding product and they have demonstrated to me that they truly care what their customers need and want from the system. They want all users to be successful and this shows in the way they manage their clients and the way they develop the software. I will implement Adaptive at any future organization that I work with and I know several other Finance Directors who have done the same!
Claire SunSpiral profile photo
Prophix10.0
Based on 16 answers
  • Ease of use
  • Dimension hierarchy flexibility
  • Responsive and personalized customer support
  • Ad Hoc ability
Carl Evans profile photo

Usability

Adaptive Insights7.7
Based on 75 answers
Adaptive is very easy to use, but it requires some training to get comfortable with it.
Amy Kee, CPA profile photo
Prophix8.4
Based on 13 answers
Functionality is intuitive, with some training. The User Empowerment Webinars resolve training gaps in a cost effective way. Prophix Support does not mind filling some of those gaps when application defects turn into training gaps. Adhoc Analysis is a powerful source of business data and Dimension structure.
Carl Evans profile photo

Reliability and Availability

Adaptive Insights9.1
Based on 9 answers
We can access Adaptive anytime 24/7 from any computer or laptop pc or Mac. They are committed to keep this product up to date and relevant
Harry Vasels profile photo
Prophix8.5
Based on 6 answers
We rarely encounter application errors or outages
Rob Strothkamp profile photo

Performance

Adaptive Insights9.1
Based on 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo
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

Adaptive Insights6.8
Based on 11 answers
Support questions are always answered quickly.
Andrew Rosenberg profile photo
Prophix8.0
Based on 58 answers
Every time I have had a need to get support, whether it was a reminder on how to complete something or an urgent request, Prophix has been there with a knowledgeable person to help get us on track. We are not a heavy user of support, but when we have needed it, Prophix has come through every time.
Andrew Commons profile photo

Online Training

Adaptive Insights8.2
Based on 6 answers
Training receives the highest rating due to the availability of Webex training from an expert at Adaptive, with several sessions tailored to specific features including personnel, capital, formulas, reporting, etc
Andrew Rosenberg profile photo
Prophix7.3
Based on 2 answers
Online training not company specific
Rob Strothkamp profile photo

Implementation

Adaptive Insights8.2
Based on 13 answers
In our experience the Adaptive Suite is quick and easy to deploy. Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer. When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget
Greg Clarke profile photo
Prophix8.8
Based on 8 answers
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.
Carl Evans profile photo

Breadth of Deployment

It is used throughout the company in different divisions and at our corporate level. When used in a division recently the personnel from different departments directly inputted data and monitored their budget against actual. It is very user friendly and flexible.
Harry Vasels profile photo
No answers on this topic

Alternatives Considered

We did not go through a full-blown software selection process, nor have I used other products in the past. Previous to Adaptive, we used Management Reporter (formerly FRx, now part of Microsoft Dynamics GP) for our financial statements, and Excel for our budgeting. Adaptive is far superior to either of those.We pursued Adaptive mainly through word of mouth. When discussing the availability of products with other accounting professionals, it was clear Adaptive was becoming the industry leader for our company size. We had a demo of the product presented by them. Since we liked it so much, we decided to go with them even though we had not reviewed other products.
Jack Kersjes profile photo
Compared to Host Analytics and Adaptive, Prophix provides more value for the dollar, especially when we deploy multiple models. Solution set is also comparably built out, so we are not missing any critical functionality. Self-maintenance by finance is also comparable to Host and Adaptive, and much easier compared to SAP and Oracle solutions. (Much more expense both for consulting and license when compared to those last two.)I still think Prophix has a compelling value story. Because the underlying technology is Microsoft, I am not worried that the Prophix functionality/technology will ever lag too far behind anything other larger companies offer, and will certainly stay with any proprietary solutions.
Andreas Loeffler profile photo

Collaboration and Sharing

Adaptive Insights7.5
Based on 17 answers
This is one of the best features as personnel in different areas at different sites can work together on the budget, forecast or "what-if" models.
Harry Vasels profile photo
No score
No answers yet
No answers on this topic

Data Integration

Adaptive Insights7.6
Based on 17 answers
We have used Adaptive for years and it works well as we adapt to changing business scenarios. We can make changes and see potential impacts to our business before they occur.
Harry Vasels profile photo
No score
No answers yet
No answers on this topic

Scalability

Adaptive Insights9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo
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

  • Staffing. Almost certain we would have had to hire a full-time budget analyst to process budgets pre-Adaptive. Savings in labor for salary and benefits is about $150 k annually.
  • Quicker ability to report and complete the budget process. Before Adaptive, the budget process took about 4 months. We have shrunk the time required to about 3 months with additional time now for analysis.
  • What if reporting. Nice to see the impact of changes in the budget with a quick turn around time to report.
Bryan Schmidt profile photo
  • Greatly increased employee efficiency.
  • Greater insight into data providing management with the ability to make data driven decisions.
  • Provides for "one source of the truth" which eliminates disagreements over which data is correct and focuses the discussion on the decision surrounding the data, rather than the accuracy of the data (because the data accuracy is a given)
  • Low cost of ownership, including finances ability to own the solution, limiting the time required from IT.
Denise Feece profile photo

Pricing Details

Adaptive Insights

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
1.  per seat, per installation
Additional Pricing Details

Adaptive Insights 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