What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Prophix

Top Rated
116 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Prophix

Top Rated
116 Ratings
Score 8.8 out of 101

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Likelihood to Recommend

Adaptive Insights

Internally, Adaptive makes budgeting and reporting amazingly simple. External reporting has been more of a challenge, as some external users of reports want more visibility into where the numbers came from.
Amy Kee, CPA profile photo

Prophix

Cost compared to other brands is low.Product support responsiveness and personalization is superior.Product designers are responsive to feedback.User empowerment within the functionality is fostered by ease of use and online training.However Prophix:
  • Does not integrate seamlessly with the ERP for transaction detail (not with Oracle at least)
  • Does not have capacity for Sales by Product and Customer
Carl Evans profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
Prophix
7.9
Long-term financial planning
Adaptive Insights
8.9
Prophix
7.6
Financial budgeting
Adaptive Insights
8.9
Prophix
8.4
Forecasting
Adaptive Insights
9.1
Prophix
7.8
Scenario modeling
Adaptive Insights
8.3
Prophix
7.4
Management reporting
Adaptive Insights
8.2
Prophix
8.1

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
5.5
Prophix
7.5
Multi-currency management
Adaptive Insights
7.7
Prophix
8.1
Intercompany Eliminations
Adaptive Insights
7.5
Prophix
8.3
Minority Ownership
Adaptive Insights
7.0
Prophix
8.4
Local and consolidated reporting
Adaptive Insights
8.3
Prophix
8.3
Detailed Audit Trails
Adaptive Insights
8.6
Prophix
7.4

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
8.5
Prophix
7.8
Automated board and financial reporting
Adaptive Insights
8.5
Prophix
7.7
XBRL support for regulatory filing
Adaptive Insights
6.9
Prophix
6.7

Analytics

Adaptive Insights
7.6
Prophix
7.6
Personalized dashboards
Adaptive Insights
7.3
Prophix
7.3
Color-coded scorecards
Adaptive Insights
6.8
Prophix
7.3
KPIs
Adaptive Insights
8.0
Prophix
7.6
Cost and profitability analysis
Adaptive Insights
8.1
Prophix
7.5
Key Performance Indicator setting
Adaptive Insights
8.1
Prophix
7.6
Benchmarking with external data
Adaptive Insights
7.3
Prophix
8.0

Integration

Adaptive Insights
8.6
Prophix
8.2
Flat file integration
Adaptive Insights
8.4
Prophix
8.4
Excel data integration
Adaptive Insights
8.8
Prophix
8.2
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Prophix
7.9

Pros

  • Very customizable. You can set up your financial model any way you'd like based on what works best for your company. Set up is also easy to get a handle on. We had hands-on training for 3 days and were able to start building out our models on our own with minimal help afterward.
  • Reports and dashboards are extremely easy to use and build on your own. Recent updates to the dashboard/discovery pack allow users to easily drag and drop items to build interactive dashboards that execs find easy to understand.
  • Extremely easy to maintain the model. Once you have set up your model, its very easy to manage on an ongoing basis, leaving more time for analysis rather than administrative work.
Meghan Gardiner, CPA, CA profile photo
  • Prophix is 100% controlled by the accounting department, the only time we need IT involvement is when we need to setup a new data source to bring into Prophix, or when we need to upgrade versions. All of the reporting, data maintenance and data manipulation are completed by Accounting.
  • Prophix's cube based system emulates a pivot table, and allows for easy and straightforward report creation. The use of dynamic members and named sets allows for us to roll forward months in one step for all reports, and change underlying hierarchies without having to update reports.
  • Prophix's ad-hoc reporting functionality allows for quick access to our financial data, and can be tailored to whatever quick reporting needs to be created.
  • Prophix's process manager allows for mass manipulation of data, which is very handy when moving data from one model to another.
  • Prophix is based on Microsoft platform functionality, so my users can become proficient relatively quickly.
  • Prophix takes customer feedback seriously with their customer feedback portal. I am able to go online and submit specific areas for improvement - if enough other users agree with the request, Prophix will build the request into future updates. This is in stark contrast to our ERP, which sends us a listing of 500 potential improvements that we get to vote on.
  • Prophix has a built-in Microsoft interface, so we can distribute our financial statements into excel, word or powerpoint. We can also distribute in .pdf format or can post directly to sharepoint.
Steve Anderson profile photo

Cons

  • There is always room for improvement with speed. Many users are used to Excel which has instant results when you change a formula. Although it is just a couple seconds to refresh, this can deter some users.
  • Having a feature to highlight a cell in a cube or modeled sheet would be helpful. People use this all the time in Excel to draw attention to a particular data point.
Justin Wade profile photo
  • Overall, the product is excellent. Where they are currently working on is their web-based solution. What they have done so far is great, but can't wait to see more modules rolled out.
Paul Vickers profile photo

Likelihood to Renew

Adaptive Insights8.5
Based on 32 answers
We just recently renewed our contract and I wouldn't hesitate to renew again. First, Adaptive as a company has a great customer-first attitude and they're great to work with. Their customer service team is fantastic. Second, they are constantly trying to improve the product and make it better, but not losing sight of what we really need. Also, the longer you use the product the more it is filled with priceless data all in one spot with instant access to report on and dig into.
Kevin Bradshaw profile photo
Prophix10.0
Based on 16 answers
Maybe should be higher.
Joel P. Goldstein profile photo

Usability

Adaptive Insights7.7
Based on 75 answers
Adaptive is very easy to use but can grow into a complex and intimidating system. It was very easy to build multiple models to meet varying needs, but this led to the system getting too complex. With the multiple models, we needed to have multiple different instructions and training. We have found ourselves needing to eliminate some of the models created at the initial implementation. In a sense it was too user friendly as we tried to make it all things for everyone.
Mikel Christopherson profile photo
Prophix8.4
Based on 13 answers
The software is very easy for our users to use (users can access reports easily). For advanced users, the software shares some of the same characteristics as Excel, so the concepts are familiar.
Steve Anderson 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 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
Prophix7.9
Based on 54 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

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
Implementation was very succesful
Rob Strothkamp 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

I was not involved in the selection process, but have interfaced with TM1 to our parent company. My personal experience has found Adaptive to have greater responsiveness.
Mikel Christopherson profile photo
We did kick the tires on a few other solutions when we were looking for something "other than Excel". Prophix stood out from the crowd at that time - mainly because of the personal service to demonstrate that Prophix could do what we wanted it to do.
Paul Vickers profile photo

Collaboration and Sharing

Adaptive Insights7.5
Based on 17 answers
With workflow I am able to track progress on budget and forecast projects in a timely manner. There is also an organiser to track and assign tasks to users. Security is very flexible.
Robin Webber 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

  • Easily will save 75% of finance team time on budgeting and planning.
  • Improved cost control, budgets, and forecasts are at the users' finger tips with actuals vs. budget vs forecast. No excuses to overspend and allows finance to be better business partners.
KaReese Watkins, CMA profile photo
  • It has allowed us to automate and provide more timely reporting. In addition to moving out of Excel based reporting we can create the reports easily and distribute them more timely to decision makers.
  • The ability to use both web based on smart client for users.
  • The ease of creating information without having to involve IT in every process. The user can develop processes, reporting, data, etc. on their own.
Michelle Erickson 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