What users are saying about

Adaptive Insights

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Top Rated
206 Ratings

Prophix

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Top Rated
123 Ratings

Adaptive Insights

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Top Rated
206 Ratings
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Score 8.6 out of 101

Prophix

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123 Ratings
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Score 9.2 out of 101

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Likelihood to Recommend

Adaptive Insights

It is very helpful for budgeting and reporting. I love how easy it is to automate reports and presentations. It can be more difficult to plan specific activities. It feels more high-level than activity-level. It shows totals rather than individual transactions (either past or future transactions).
Mark McConkie 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
8.6
Long-term financial planning
Adaptive Insights
8.8
Prophix
8.0
Financial budgeting
Adaptive Insights
8.8
Prophix
9.8
Forecasting
Adaptive Insights
9.0
Prophix
8.1
Scenario modeling
Adaptive Insights
8.1
Prophix
7.6
Management reporting
Adaptive Insights
8.1
Prophix
9.6

Consolidation and Close

Adaptive Insights
7.5
Prophix
8.0
Financial data consolidation
Adaptive Insights
7.9
Prophix
8.2
Journal entries and reports
Adaptive Insights
5.6
Prophix
7.8
Multi-currency management
Adaptive Insights
7.5
Prophix
8.4
Intercompany Eliminations
Adaptive Insights
7.6
Prophix
8.1
Minority Ownership
Adaptive Insights
7.1
Prophix
7.6
Local and consolidated reporting
Adaptive Insights
8.3
Prophix
8.5
Detailed Audit Trails
Adaptive Insights
8.5
Prophix
7.2

FInancial Reporting and Compliance

Adaptive Insights
8.2
Prophix
7.9
Financial Statement Reporting
Adaptive Insights
8.9
Prophix
8.5
Management Reporting
Adaptive Insights
8.5
Prophix
8.3
Excel-based Reporting
Adaptive Insights
8.3
Prophix
8.1
Automated board and financial reporting
Adaptive Insights
8.4
Prophix
7.8
XBRL support for regulatory filing
Adaptive Insights
7.0
Prophix
6.7

Analytics

Adaptive Insights
7.5
Prophix
7.6
Personalized dashboards
Adaptive Insights
7.3
Prophix
7.6
Color-coded scorecards
Adaptive Insights
6.8
Prophix
7.3
KPIs
Adaptive Insights
7.9
Prophix
7.5
Cost and profitability analysis
Adaptive Insights
8.0
Prophix
7.6
Key Performance Indicator setting
Adaptive Insights
7.9
Prophix
7.7
Benchmarking with external data
Adaptive Insights
7.3
Prophix
8.0

Integration

Adaptive Insights
8.5
Prophix
8.3
Flat file integration
Adaptive Insights
8.2
Prophix
8.5
Excel data integration
Adaptive Insights
8.7
Prophix
8.2
Direct links to 3rd-party data sources
Adaptive Insights
8.6
Prophix
8.1

Pros

  • Financial Reporting - Building financial statements in OfficeConnect is a breeze! They are quick and easy to update on a monthly basis! The HTML reporting within Adaptive Insights is also particularly useful for department and adhoc reports!
  • Budgeting/Forecasting - Being able to budget/forecast within Adaptive Insights has significantly cut down on the time it takes to budget by utilizing formulas and assumptions within the model! We reforecast quarterly, and with Adaptive Insights, it's painless when compared to the Excel forecasting we did previously.
  • Cash Flow Statement - Creating this for the annual audit was painful before Adaptive Insights! Now, it's a simple export from Adaptive Insights.
  • Dashboards - The dashboards that can be created are endless and provide valuable insight for our executives in real-time!
Denise Lewis 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

  • When we purchased the software, there was no template model for SaaS companies. Given Adaptive itself is a SaaS company, we had hoped that we would receive a template that would have saved us some time upfront in building our models. And we probably would have to build some out differently. But I understand this may be an option for new customers.
  • Some basic functionality like YTD calculations are not built into the formula functionality. You have to manually build this into the formula yourself. But it is an easy fix. It just would be nice to have that, as most companies would be interested in a YTD calc.
  • Being able to format reports/dashboards a bit better with +/- variance differentiators
Meghan Gardiner, CPA, CA profile photo
  • When it comes to crunching big data (many millions of combinations), Prophix's performance isn't as strong as the BI tools that I have used before (IBM Cognos and QlikView). I find that we will utilize those tools for crunching big data.
  • There are some Excel functions that would be handy to have as part of the report writer that aren't currently included in the software (some have been already addressed).
  • It is unfortunate that a couple of features are only accessible by our administrative users (financial consolidation and model manager) - it would be nice if our advanced user class could access those functions.
Steve Anderson profile photo

Likelihood to Renew

Adaptive Insights8.6
Based on 32 answers
We have renewed this a number of times. It fits our business model and it is now an integral part of our organization.
Harry Vasels profile photo
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

Adaptive Insights7.6
Based on 75 answers
Fairly easy to get trained on the system and how to build models. Within 3 days of hands-on training, we build out robust capacity models on our own. Reports and dashboards are drag and drop to create.
Meghan Gardiner, CPA, CA profile photo
Prophix8.2
Based on 17 answers
I may lack the intuitive skills needed to be proficient with Prophix or it is an application with so much capability that it takes extended time and usage to master.
Danny Jordan 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
Prophix8.8
Based on 8 answers
We have never had an issue with prophix availability
Joel DeGroat 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
Prophix7.9
Based on 8 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 requests are always handled promptly and resolved favourably.Many user support requests arise during initial deployment and use and often represent questions relating to best methods or how to approach their particular situation, which we gladly assist with as we provide the appropriate skills transfer training and assistance.As clients become more knowledgeable in working with the product suite then they tend not to ask many questions.
Greg Clarke profile photo
Prophix7.6
Based on 63 answers
I feel that the Prophix team takes my issue seriously. They do not charge per support ticket, and will even solve complex issues without additional professional service calls. When an issue is beyond the capability of the service technician, they will bring in a solutions architect to help solve the issue. When comparing the agility and timeliness of Prophix's support vs. the support I receive by my ERP, there isn't even a comparison - Prophix wins hands down.
Steve Anderson profile photo

In-Person Training

No score
No answers yet
No answers on this topic
Prophix8.2
Based on 2 answers
Very knowledgeable techs
Joel DeGroat 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
Prophix8.2
Based on 3 answers
Very knowledgeable techs
Joel DeGroat profile photo

Implementation

Adaptive Insights8.2
Based on 13 answers
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski profile photo
Prophix8.9
Based on 9 answers
None, we had no issues with implementation
Joel DeGroat profile photo

Alternatives Considered

We previously only used Excel for budgeting and reporting. We now use Adaptive for all budgeting and use an add-on product called Office Connect to build reports that automate our data each month. We find the Office Connect reporting a little more user-friendly than the in-house reporting feature.
Amy Kee, CPA profile photo
Prophix was more intuitive and flexible than the other products we evaluated during the system selection phase. While we did not look at Adaptive Planning at that time, I recently worked in a consulting role for CPM system implementations, and Prophix was more impressive than Adaptive Planning. The ability to maintain and further develop Prophix with no technology background was a huge selling point to us as a Finance department. Our original implementation with Prophix was fairly basic, but we've been able to expand our use of the system by building additional models and reports without external support. I can't say the same would be true if we went with a different product.
Tim McCarthy profile photo

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
Prophix8.1
Based on 6 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
  • Positive: Prophix has enabled real-time budget accountability. Budget overages have decreased by an average of 8%.
Bryan Blount 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