Anaplan vs. Prophix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Anaplan
Score 8.6 out of 10
Enterprise companies (1,001+ employees)
Anaplan is a scenario planning and analysis platform designed to optimize decision-making in complex business environments so that enterprises can outpace their competition and the market. By building connections and collaboration across organizational silos, the Anaplan platform surfaces key insights.N/A
Prophix
Score 8.8 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
AnaplanProphix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AnaplanProphix
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeOptionalOptional
Additional Details
More Pricing Information
Community Pulse
AnaplanProphix
Considered Both Products
Anaplan
Chose Anaplan
Anaplan is the most flexible solution that provides extended value across business value chains.
Prophix
Chose Prophix
Budget Maestro was too basic, Anaplan was too complex and Host Analytics didn't understand our industry or our ERP. Prophix is a partner with Viewpoint which meant there was much more knowledge on how our structure worked.
Chose Prophix
We chose Prophix based on the desire to make a paradigm shift away from Excel and towards a more fully-featured web-based SaaS solution that would still allow for the utilization of Excel where it made sense. Prophix does this through an Excel add-on, while more comprehensive …
Features
AnaplanProphix
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Anaplan
7.5
216 Ratings
1% below category average
Prophix
6.1
21 Ratings
21% below category average
Pixel Perfect reports6.47 Ratings5.25 Ratings
Customizable dashboards8.3216 Ratings6.520 Ratings
Report Formatting Templates7.96 Ratings6.720 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Anaplan
9.1
8 Ratings
13% above category average
Prophix
9.2
109 Ratings
14% above category average
Drill-down analysis9.18 Ratings9.7108 Ratings
Formatting capabilities9.18 Ratings8.4106 Ratings
Report sharing and collaboration9.18 Ratings9.4103 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Anaplan
8.5
223 Ratings
5% above category average
Prophix
9.0
101 Ratings
11% above category average
Publish to Web8.67 Ratings00 Ratings
Publish to PDF8.3221 Ratings9.696 Ratings
Report Versioning9.2193 Ratings7.975 Ratings
Report Delivery Scheduling7.98 Ratings9.488 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Anaplan
8.2
8 Ratings
8% above category average
Prophix
5.5
42 Ratings
32% below category average
Pre-built visualization formats (heatmaps, scatter plots etc.)9.17 Ratings00 Ratings
Location Analytics / Geographic Visualization9.07 Ratings00 Ratings
Predictive Analytics6.43 Ratings5.542 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Anaplan
9.3
226 Ratings
9% above category average
Prophix
9.2
104 Ratings
8% above category average
Multi-User Support (named login)9.18 Ratings9.6101 Ratings
Role-Based Security Model9.7226 Ratings9.4101 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.18 Ratings9.4104 Ratings
Report-Level Access Control9.675 Ratings8.544 Ratings
Single Sign-On (SSO)9.18 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Anaplan
7.6
215 Ratings
2% below category average
Prophix
9.3
55 Ratings
18% above category average
Responsive Design for Web Access8.3206 Ratings9.355 Ratings
Mobile Application7.5192 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.9200 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Anaplan
9.0
324 Ratings
10% above category average
Prophix
9.3
207 Ratings
14% above category average
Long-term financial planning9.2299 Ratings9.6172 Ratings
Financial budgeting9.4303 Ratings9.6202 Ratings
Forecasting9.3312 Ratings8.8194 Ratings
Scenario modeling9.3314 Ratings8.7158 Ratings
Management reporting7.9313 Ratings9.6197 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Anaplan
7.8
277 Ratings
0% below category average
Prophix
8.5
168 Ratings
8% above category average
Financial data consolidation8.3257 Ratings9.6135 Ratings
Journal entries and reports7.7213 Ratings9.682 Ratings
Multi-currency management7.312 Ratings7.267 Ratings
Intercompany Eliminations7.39 Ratings7.681 Ratings
Minority Ownership7.38 Ratings6.932 Ratings
Local and consolidated reporting8.2246 Ratings9.5119 Ratings
Detailed Audit Trails8.7258 Ratings9.1100 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Anaplan
8.0
295 Ratings
1% above category average
Prophix
8.8
198 Ratings
11% above category average
Financial Statement Reporting8.9273 Ratings9.7180 Ratings
Management Reporting8.1286 Ratings9.6192 Ratings
Excel-based Reporting7.8264 Ratings9.2176 Ratings
Automated board and financial reporting8.214 Ratings9.6153 Ratings
XBRL support for regulatory filing7.31 Ratings5.98 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Anaplan
9.1
315 Ratings
12% above category average
Prophix
7.3
174 Ratings
10% below category average
Personalized dashboards8.6309 Ratings9.0161 Ratings
Color-coded scorecards9.3293 Ratings6.8118 Ratings
KPIs9.120 Ratings7.0129 Ratings
Cost and profitability analysis9.3272 Ratings7.3128 Ratings
Key Performance Indicator setting9.4283 Ratings7.2104 Ratings
Benchmarking with external data9.114 Ratings6.769 Ratings
Integration
Comparison of Integration features of Product A and Product B
Anaplan
8.5
321 Ratings
4% above category average
Prophix
9.5
194 Ratings
15% above category average
Flat file integration9.3311 Ratings9.5156 Ratings
Excel data integration8.2288 Ratings9.5171 Ratings
Direct links to 3rd-party data sources7.9271 Ratings9.4148 Ratings
Best Alternatives
AnaplanProphix
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
Centage
Centage
Score 9.5 out of 10
Centage
Centage
Score 9.5 out of 10
Enterprises
Prophix
Prophix
Score 8.8 out of 10
Anaplan
Anaplan
Score 8.6 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AnaplanProphix
Likelihood to Recommend
9.0
(338 ratings)
9.1
(225 ratings)
Likelihood to Renew
9.9
(35 ratings)
10.0
(16 ratings)
Usability
8.9
(65 ratings)
8.0
(44 ratings)
Availability
8.8
(7 ratings)
9.9
(28 ratings)
Performance
9.1
(7 ratings)
8.0
(27 ratings)
Support Rating
4.7
(27 ratings)
8.3
(121 ratings)
In-Person Training
9.0
(6 ratings)
8.2
(10 ratings)
Online Training
7.8
(6 ratings)
9.0
(12 ratings)
Implementation Rating
9.0
(27 ratings)
9.0
(19 ratings)
Configurability
9.1
(5 ratings)
9.0
(11 ratings)
Ease of integration
9.1
(3 ratings)
9.0
(29 ratings)
Product Scalability
9.3
(7 ratings)
9.0
(25 ratings)
Professional Services
9.1
(1 ratings)
-
(0 ratings)
Vendor post-sale
8.6
(4 ratings)
8.6
(23 ratings)
Vendor pre-sale
7.8
(4 ratings)
7.7
(21 ratings)
User Testimonials
AnaplanProphix
Likelihood to Recommend
Anaplan
Anaplan is a great tool for complex modeling of the future. When you are planning your actions for the future, have multiple, disparate datasets to interact with, have dozens if not hundreds of stakeholders who must contribute and need to be guided via a streamlined workflow engine, require complex logic that can grow with your org, require real-time reporting, and you need it all in less than 6 months.
Read full review
Prophix Software
Prophix is substantially out of the box product to be easy to use but flexible enough to allow for varied business modelling. No technical skills are required to deploy and maintain the solution. Owing to its out of the box nature, departing from Prophix sweet spot e.g. when leveraging transactional data, the solution is not as capable, however this is being addressed by the new Prophix release.
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Pros
Anaplan
  • Anaplan can scale as your business grows, for example adding new regions into to your geographical hierarchy.
  • Anaplan is flexible and can do anything you want it to, there are no tables pre-configured that you need to fix your business process into.
  • Reading formulas in Anaplan is straight forward with a quick learning curve.
Read full review
Prophix Software
  • Reports are very customizable - once you learn how to create reports, it is really easy to design the final output you'd like.
  • The tool is easy to use, especially for those that don't work in the finance function.
  • It offers an excellent workflow capability to send out tasks to cost center owners all over the company.
  • We love the ability to create and customize cubes.
Read full review
Cons
Anaplan
  • Ability to decide if to apply the formula or a manual input on front end for each line item
  • Real Time Data Transfer across models. Currently Data is transferred using Processes across different models. Having a functionality to access data from any model in real time would be great
Read full review
Prophix Software
  • Version control; there are issues using the same budget version in multiple years if adding detail (line item detail). What Prophix has explained as a benefit is a huge detriment for us and we've been working with them for 6 months on a fix and it's yet to get resolved
  • There are certain aspects that a messy; within our budgeting and forecasting detail, we have "unexplained balance" lines that show up that are distracting and add no value.
  • Lack of a centralized location for content outside of tool; for example, training, help, support, intranet, etc are all separate websites and not easy to get to. I'm not sure why all of this isn't linked to the same account and accessible through the tool. Why should we need separate passwords for everything Prophix?!
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Likelihood to Renew
Anaplan
Anaplan is a very strong multi-dimensional modeling tool that provides a calculation engine to empower a complex planning process. It is fairly easy to learn for those with experience in similar tools, or excel. It forces structure and auditability that spread sheets do not have, along with extensive security capabilities
Read full review
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
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Usability
Anaplan
Anaplan's usability is very good. Users can customize reports and make adjustments with very little training. They can quickly plan and collaborate very easily. Making large adjustments or creating complex functionality may require more experience or training but a lot of tasks can be completed by users with very little experience
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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.
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Reliability and Availability
Anaplan
There are very few outages. Maintenance is scheduled on two or three Saturdays per month, so as not to affect businesses. When there is an outage, users are kept informed of progress to restore the platform and typically this takes no more than an hour. Anaplan customer support is very responsive if we ever have questions about platform issues
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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.
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Performance
Anaplan
Everything is calculated in memory in the cloud. It's nearly instantaneous updates when you make changes. The only time things get a little slow is when you have a massive model with very intricate calculations...but "slow" for Anaplan is not what I would call "slow" for something like Hyperion. We used to have Hyperion calcs that ran for 60 mins before you could use data. The equivalent would be 60 seconds in Anaplan.
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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.
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Support Rating
Anaplan
Support quality has dropped since Thoma Bravo has taken over. I think some serious re-focus needs to happen here -- part of the beauty of being in the Anaplan community was how involved you felt in it before. Before I didn't dread sending a support ticket, now I am starting to.
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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!
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In-Person Training
Anaplan
In my opinion, in-person training is always the best if you have the option to do so. This allows real-time interactions with the instructions, whereas the online training I took required me to write-down questions, email them, and wait for responses. This slows down the process, as you can imagine. That said, in-person training is an extra cost and it likely isn't needed for everyone. I would suggest selecting a small number of people to take in-person training and then having them act as mentors to the rest of your team. That way, as the rest of the team takes the online training, they have a resource to help them in real time.
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Prophix Software
The initial integration consultant was very helpful in making sure we were set up with all the essential uses we required: reporting/budgeting/forecasting. There was a learning curve but our consultant made it very easy to understand and helped me be comfortable in my Global Admin role in the system. Even after integration, we were given support whenever I came up with an idea I would get in touch and I would be trained on how I can implement it.
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Online Training
Anaplan
Anaplan training materials are clear, simple, easy to understand and to follow. Visuals are excellent. The vendor is good at updating training materials in a timely manner and encouraging users and administrators to keep coming back to Academy site for refresher courses or new feature courses. I really like their interactive diagrams
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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.
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Implementation Rating
Anaplan
The platform allows a flexible implementation mechanic to be put in place, since the possibilities and functionalities are vast and there are very few things the tool cannot do well. The solutions for the financial planning and the integrated business planning we put in place were easily adopted by the end users and their day-to-day work was made easier.
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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.
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Alternatives Considered
Anaplan
Compared to OneStream and Venna Anaplan offers a more modern look and feel of the platform. It is better situated and maintained in regards of platform updates as it's a full SaaS software there are never any issues with the system version as it's always automatically up to date with no backward compatibility issues. Due to the flexible nature of the modelling engine, it is also better suited to perform larger multi-department use cases, like IBP (Integrated Business Planning)
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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.
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Scalability
Anaplan
We have managed to leverage Anaplan for financial planning and forecasting across the business. It is now used by almost every department, with more than 50 users (but I know of companies that have hundreds of users) and still the platform is quick and reliable. It is easy to make changes to divisions and departments or add users and apply different user settings - the core part of the model is not affected and end users can continue their work without any disruption
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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
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Return on Investment
Anaplan
  • We've typically seen an average of 40% removal of time from processes using Anaplan an enabler
  • Though difficult to quantify, we consistently find our processes less error prone than in the past. Essentially, we've removed a previously "hidden cost" of risk due to poor data quality that was buried in our processes.
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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.
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ScreenShots

Anaplan Screenshots

Screenshot of Platform: The Anaplan platform is a unified cloud-based solution that connects people, data and plans to enable complex scenario modeling.Screenshot of OpEx Planning. This is where users review revenue-target-setting goals by brand, season, and capacity all on a visual dashboard.Screenshot of Supply Planning. This visualization breaks down costs across assembly production to project profitability and align an organization's supply chain to market opportunities.Screenshot of Territory and Quota Planning. This dashboard is used to track of sales goals and quotas across territories and industries to optimize sales performance.Screenshot of Headcount Planning. Here, users can align workforce plans with strategic plans, and see where the best qualified talent resides to fit an organization’s staffing needs.Screenshot of Marketing. This interface drives efficiency across planning, and is used to budget against planned activity.

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.