Budgyt vs. Prophix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Budgyt
Score 8.9 out of 10
Mid-Size Companies (51-1,000 employees)
Budgyt is a platform made to simplify business budgeting. With built-in functions designed for data integrity, team collaboration, and scenario planning & analysis, Budgyt is presented as an optimized budgeting experience that rids users of complex, error-prone spreadsheets and the time-consuming upkeep they require. It provides users navigable dashboards, drill-downs through data hyperlinking, formulas built away from the user interface, and automatic consolidation. With…
$499
per month Departments
Prophix
Score 8.2 out of 10
Enterprise companies (1,001+ employees)
Prophix helps finance leaders to improve the speed and accuracy of decision making. Prophix’s Financial Performance Platform enables finance teams to reduce complexity and uncertainty, and illuminate insights with access to AI insights and planning, budgeting, forecasting, reporting, and consolidation functionalities.N/A
Pricing
BudgytProphix
Editions & Modules
Non-Profit - Easy
$399
per month 12-month annual subscription
For Profit - Easy
$499
per month 12-month annual subscription
Non-Profit - Plus
$799
per month 12-month annual subscription
For Profit - Plus
$899
per month 12-month annual subscription
Non-Profit - Pro
$1,299
per month 12-month annual subscription
For Profit - Pro
$1,399
per month 12-month annual subscription
No answers on this topic
Offerings
Pricing Offerings
BudgytProphix
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredOptional
Additional DetailsMulti-Year discounts available.
More Pricing Information
Community Pulse
BudgytProphix
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
BudgytProphix
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Budgyt
-
Ratings
Prophix
7.6
4 Ratings
6% below category average
Customizable dashboards00 Ratings7.33 Ratings
Report Formatting Templates00 Ratings8.04 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Budgyt
-
Ratings
Prophix
8.8
86 Ratings
6% above category average
Drill-down analysis00 Ratings9.585 Ratings
Formatting capabilities00 Ratings8.684 Ratings
Report sharing and collaboration00 Ratings8.480 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Budgyt
-
Ratings
Prophix
8.8
79 Ratings
7% above category average
Publish to PDF00 Ratings9.074 Ratings
Report Versioning00 Ratings8.054 Ratings
Report Delivery Scheduling00 Ratings9.267 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Budgyt
-
Ratings
Prophix
7.3
27 Ratings
5% below category average
Predictive Analytics00 Ratings7.327 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Budgyt
-
Ratings
Prophix
8.9
83 Ratings
2% above category average
Multi-User Support (named login)00 Ratings9.480 Ratings
Role-Based Security Model00 Ratings8.880 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings8.883 Ratings
Report-Level Access Control00 Ratings8.625 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Budgyt
-
Ratings
Prophix
9.6
40 Ratings
18% above category average
Responsive Design for Web Access00 Ratings9.640 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Budgyt
-
Ratings
Prophix
9.1
183 Ratings
9% above category average
Long-term financial planning00 Ratings9.0149 Ratings
Financial budgeting00 Ratings9.0178 Ratings
Forecasting00 Ratings9.0170 Ratings
Scenario modeling00 Ratings9.5137 Ratings
Management reporting00 Ratings9.0175 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Budgyt
-
Ratings
Prophix
8.4
148 Ratings
4% above category average
Financial data consolidation00 Ratings9.6124 Ratings
Journal entries and reports00 Ratings9.376 Ratings
Multi-currency management00 Ratings8.159 Ratings
Intercompany Eliminations00 Ratings8.870 Ratings
Minority Ownership00 Ratings7.027 Ratings
Local and consolidated reporting00 Ratings9.0104 Ratings
Detailed Audit Trails00 Ratings7.484 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Budgyt
-
Ratings
Prophix
8.4
175 Ratings
2% above category average
Financial Statement Reporting00 Ratings9.1158 Ratings
Management Reporting00 Ratings9.3169 Ratings
Excel-based Reporting00 Ratings8.9153 Ratings
Automated board and financial reporting00 Ratings8.6132 Ratings
XBRL support for regulatory filing00 Ratings6.43 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Budgyt
-
Ratings
Prophix
7.9
152 Ratings
2% below category average
Personalized dashboards00 Ratings8.6140 Ratings
Color-coded scorecards00 Ratings8.0100 Ratings
KPIs00 Ratings7.8109 Ratings
Cost and profitability analysis00 Ratings7.7109 Ratings
Key Performance Indicator setting00 Ratings7.588 Ratings
Benchmarking with external data00 Ratings7.559 Ratings
Integration
Comparison of Integration features of Product A and Product B
Budgyt
-
Ratings
Prophix
9.1
171 Ratings
9% above category average
Flat file integration00 Ratings8.9135 Ratings
Excel data integration00 Ratings8.9149 Ratings
Direct links to 3rd-party data sources00 Ratings9.3130 Ratings
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BudgytProphix
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Score 8.7 out of 10
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Score 8.4 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
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Oracle Fusion Cloud ERP
Score 8.2 out of 10
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User Ratings
BudgytProphix
Likelihood to Recommend
8.9
(28 ratings)
8.6
(201 ratings)
Likelihood to Renew
9.1
(5 ratings)
10.0
(16 ratings)
Usability
8.9
(9 ratings)
8.9
(43 ratings)
Availability
-
(0 ratings)
9.2
(25 ratings)
Performance
-
(0 ratings)
8.6
(24 ratings)
Support Rating
8.6
(5 ratings)
8.0
(120 ratings)
In-Person Training
-
(0 ratings)
8.3
(10 ratings)
Online Training
-
(0 ratings)
8.7
(12 ratings)
Implementation Rating
9.1
(3 ratings)
9.0
(19 ratings)
Configurability
-
(0 ratings)
8.7
(11 ratings)
Ease of integration
-
(0 ratings)
8.6
(27 ratings)
Product Scalability
9.0
(8 ratings)
9.1
(22 ratings)
Vendor post-sale
-
(0 ratings)
9.1
(20 ratings)
Vendor pre-sale
-
(0 ratings)
8.8
(18 ratings)
User Testimonials
BudgytProphix
Likelihood to Recommend
Budgyt
I'm sure that Budgyt would not be the most appropriate solution for large, complex organizations with numerous entities or overly complicated structures. Those org's likely have solutions within their ERPs or other sophisticated finance systems with budgeting/reporting capabilities that mirror Budgyt, making it redundant. However, for an easy, and relatively cheap solution to meeting those needs, as well as forecasting and analysis, I would recommend Budgyt to anyone with the need.
Read full review
Prophix Software
Being able to allow all budget holders access to their reports via Prophix and having charts on the dashboards which give an image of where we are financially as a company each month is really helpful, our users appreciate the access and not receiving emails with reports. The drill down in the reports provides much more detail for the budget holders and going forward we are going to try to use the line item details to provided a greater amount of information. Using the Detailed Planning Manager for Personnel Planning during budget setting was a game changer - being able to view the costs and being much more accurate with regard to start and end dates and applying a cost of living increase which we could adjust to see how it would affect the budget overall was really helpful.
Read full review
Pros
Budgyt
  • Combining departments (components of an entity or a component of various entity's income statement) or isolating departments (small slivers) of an entity's income statement. We can look at specific departments of specific entities together, with ease.
  • Splicing / flipping reports into countless formats. Helpful for users of the financial statements that digest data/numbers differently than the financial accountants who prepare the numbers.
  • It is relatively easy to import data from our Jonas accounting program into Budgyt.
  • We've had prompt customer service when we've encountered issues and they were readily available during implementation.
Read full review
Prophix Software
  • ONU has benefitted by moving away from a centralized, Excel-based budget process by implementing Prophix to a decentralized process that engages budget managers in the development of the University's budget.
  • Prophix offers tremendous flexibility in reporting that is not available through our ERP system.
  • Prophix is very adaptable to many different types of industries. Its flexibility and adaptability is one of its biggest strengths.
  • The ability to set up workflows for a variety of tasks within Prophix is very beneficial for tracking purposes.
Read full review
Cons
Budgyt
  • Inside setting up HR forumlas, it should give more than one filter criteria.
  • Application got slow after putting the information of HR module and formuals, need to speed up.
  • Selection of multiple companies with different GLs can be an option where it is lacking.
  • Didn't see the multicurrency feature, can be a good add on.
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?!
Read full review
Likelihood to Renew
Budgyt
Our organization has increased our level of financial reporting and decreased the time it takes to build a budget with the Budgyt platform. Because our budget managers have access, it allows them a higher level of ownership for their areas.
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
Read full review
Usability
Budgyt
It's very user-friendly in providing a dashboard that allows the user to easily manage major budget components. The drill-down feature is a great tool, the more detail the better in reviewing financials. Reporting is customizable and provides a multitude of options I never had with excel. Being able to track changes really helps in understanding the overall financial health of the school.
Read full review
Prophix Software
The
data can be sliced and diced many ways, and each user is able to do it however
they like. It is easy to create or run existing reports. We have made many of
our processes more efficient, and Prophix has allowed us to save more time than
you can imagine. We
are able to use Prophix for Expense tracking, Expense and Capital planning, reforecasting,
Compensation planning, Project tracking, Expense allocation, GAAP PLOB
reporting, and still have several more tasks to implement through Prophix
Read full review
Reliability and Availability
Budgyt
No answers on this topic
Prophix Software
Prophix's CS is one of the best that we communicate with. Response time is reasonable, and they can communicate via email or phone or Teams. Multiple ways to communicate and if any additional questions that they cannot answer, i am redirected to the correct individual to assist
Read full review
Performance
Budgyt
No answers on this topic
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.
Read full review
Support Rating
Budgyt
During my first year of working within the budget software, I had to go through some training while trying to meet deadlines for meetings. The team at Budgyt was very accommodating and made sure I was equipped with the knowledge that I needed to be successful
Read full review
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!
Read full review
In-Person Training
Budgyt
No answers on this topic
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
Budgyt
No answers on this topic
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
Budgyt
We were fortunate to have the founder lead us through a video conference to teach our users how to use the system. Totally invaluable!
Read full review
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
Budgyt
Forecaster was terrible. We switched from that. We looked at multiple products, either too expensive or not user-friendly. We switched 4 years ago. I do not recall the companies we visited back then. There are certainly more on the market now, but I have no interest in switching as our entire office loves the product.
Read full review
Prophix Software
We found Prophix to be more flexible than the other solutions. It proved to have less of an implementation timeframe, and we felt more comfortable supporting the system ourselves post-implementation. We were also surprised to find that Prophix's pricing was more competitive than its rivals, which made the decision process quite easy.
Read full review
Scalability
Budgyt
drill-down and the inverse, insight & analysis at different levels of detail, is very straightforward and effective. changing inputs to manipulate reports to capture different views from org level to individual depts is also incredibly easy. copying & changing data between scenarios is also very easy
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Prophix Software
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.
Read full review
Return on Investment
Budgyt
  • We have had better control on labor cost. The software has helped us project when we need to add new employees to handle our contact center volume.
  • Running different budget scenarios helped us navigate the impact of Covid on our business.
Read full review
Prophix Software
  • The greatest impact Prophix has had is provided useful data for business decisions, especially with variance analysis and real time production data.
  • Prophix has saved our company a considerable amount of time during our budgeting/forecast process as well as reporting actuals and variance to managers.
Read full review
ScreenShots

Budgyt Screenshots

Screenshot of DashboardScreenshot of Manage Scenarios (Budgets)Screenshot of Copy DataScreenshot of Data SheetScreenshot of Manage C2C's (Category to Category Formulas)

Prophix Screenshots

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 an efficient summary of key performance metrics found buried within Prophix charts.  It also summarizes the important insights in plain English.Screenshot of Prophix's self-serve dashboards and visualizations, 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 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.