Planful vs. Prophix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Planful
Score 8.5 out of 10
Enterprise companies (1,001+ employees)
Planful is a cloud-based enterprise performance management (EPM) suite. It includes financial applications for modeling, planning, consolidation, reporting and analytics.N/A
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
PlanfulProphix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
PlanfulProphix
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
PlanfulProphix
Considered Both Products
Planful
Chose Planful

Host user interface was more "user friendly" so we felt it would be easier to train our users and they would actually use the system, especially as compared to SAP business Objects.

Host is cloud based, Prophix was not.

Host Functionality as compared to Adaptive we felt was better.

Chose Planful
Host Analytics was more robust than Adaptive Planning. Since it is built around Excel, our users did not have to learn a new "language" as they would have with Prophix and it is more nimble and easier to support than SAP.
Chose Planful
I used Prophix at a previous company, although more as a user than an administrator. Budget expense templates in Host Analytics can mirror what we used in Prophix. Better than that, though, we use "drivers" to move expenses based on revenue, headcount, etc., which I don't know …
Chose Planful
Planful seems to have the best price to performance option against the tools listed. Some of the more premium options on the market have outdated UIs and dont get updated as frequently and other in the same price category dont seem to have the same level of options and "ease" …
Prophix
Chose Prophix
Before Prophix we used on premise Budget Maestro, we did not have good results from their software, it was buggy and its processes were antiquated. We chose Prophix for its consolidated reporting capabilities and to get all of our companies that are on 3 different ERP systems …
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 …
Chose Prophix
We worked with a consulting firm in our selection process and based on our company size and budget Prophix was the best fit.
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
Prophix had the feature set we wanted, at the most competitive price, and could be deployed on-prem.
Chose Prophix

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 …

Chose Prophix
For our specific use and purpose, most of the packages we reviewed would meet practically all of our needs. Therefore, it came down to the ease/timing of implementation, the availability of support personnel, and the ability to customize for our specific needs. Prophix met …
Chose Prophix
The main reasons of why we selected Prophix are cost, value, ease of use, speed of implementation to take this into production, and demonstration of the product to us. We covered all the competitors out there in terms of reviewing on-site or conference call - Host Analytics, …
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
PlanfulProphix
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Planful
7.8
32 Ratings
3% below category average
Prophix
7.6
4 Ratings
6% below category average
Pixel Perfect reports8.414 Ratings00 Ratings
Customizable dashboards7.428 Ratings7.33 Ratings
Report Formatting Templates7.626 Ratings8.04 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Planful
7.9
59 Ratings
5% below category average
Prophix
8.8
86 Ratings
6% above category average
Drill-down analysis8.657 Ratings9.585 Ratings
Formatting capabilities7.258 Ratings8.684 Ratings
Report sharing and collaboration7.854 Ratings8.480 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Planful
7.5
47 Ratings
9% below category average
Prophix
8.8
79 Ratings
7% above category average
Publish to Web7.112 Ratings00 Ratings
Publish to PDF7.843 Ratings9.074 Ratings
Report Versioning6.027 Ratings8.054 Ratings
Report Delivery Scheduling9.230 Ratings9.267 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Planful
6.3
22 Ratings
19% below category average
Prophix
7.3
27 Ratings
5% below category average
Pre-built visualization formats (heatmaps, scatter plots etc.)6.215 Ratings00 Ratings
Predictive Analytics6.518 Ratings7.327 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Planful
9.1
58 Ratings
4% above category average
Prophix
8.9
83 Ratings
2% above category average
Multi-User Support (named login)9.652 Ratings9.480 Ratings
Role-Based Security Model8.950 Ratings8.880 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.951 Ratings8.883 Ratings
Report-Level Access Control8.09 Ratings8.625 Ratings
Single Sign-On (SSO)9.943 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Planful
7.4
25 Ratings
8% below category average
Prophix
9.6
40 Ratings
18% above category average
Responsive Design for Web Access7.423 Ratings9.640 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.515 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Planful
8.7
106 Ratings
4% above category average
Prophix
9.1
183 Ratings
9% above category average
Long-term financial planning8.793 Ratings9.0149 Ratings
Financial budgeting9.0105 Ratings9.0178 Ratings
Forecasting8.798 Ratings9.0170 Ratings
Scenario modeling8.085 Ratings9.5137 Ratings
Management reporting9.1102 Ratings9.0175 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Planful
7.6
79 Ratings
6% below category average
Prophix
8.4
148 Ratings
4% above category average
Financial data consolidation9.671 Ratings9.6124 Ratings
Journal entries and reports8.454 Ratings9.376 Ratings
Multi-currency management8.047 Ratings8.159 Ratings
Intercompany Eliminations7.646 Ratings8.870 Ratings
Minority Ownership4.523 Ratings7.027 Ratings
Local and consolidated reporting7.557 Ratings9.0104 Ratings
Detailed Audit Trails7.856 Ratings7.484 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Planful
8.1
106 Ratings
2% below category average
Prophix
8.4
175 Ratings
2% above category average
Financial Statement Reporting8.589 Ratings9.1158 Ratings
Management Reporting9.199 Ratings9.3169 Ratings
Excel-based Reporting8.398 Ratings8.9153 Ratings
Automated board and financial reporting7.672 Ratings8.6132 Ratings
XBRL support for regulatory filing7.13 Ratings6.43 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Planful
7.2
61 Ratings
11% below category average
Prophix
7.9
152 Ratings
2% below category average
Personalized dashboards7.553 Ratings8.6140 Ratings
Color-coded scorecards7.231 Ratings8.0100 Ratings
KPIs8.540 Ratings7.8109 Ratings
Cost and profitability analysis9.441 Ratings7.7109 Ratings
Key Performance Indicator setting7.431 Ratings7.588 Ratings
Benchmarking with external data3.18 Ratings7.559 Ratings
Integration
Comparison of Integration features of Product A and Product B
Planful
7.8
97 Ratings
7% below category average
Prophix
9.1
171 Ratings
9% above category average
Flat file integration9.669 Ratings8.9135 Ratings
Excel data integration7.789 Ratings8.9149 Ratings
Direct links to 3rd-party data sources5.964 Ratings9.3130 Ratings
Best Alternatives
PlanfulProphix
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
IBM Planning Analytics
IBM Planning Analytics
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
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
PlanfulProphix
Likelihood to Recommend
8.7
(115 ratings)
8.6
(201 ratings)
Likelihood to Renew
8.3
(18 ratings)
10.0
(16 ratings)
Usability
8.2
(17 ratings)
8.9
(43 ratings)
Availability
8.2
(4 ratings)
9.2
(25 ratings)
Performance
7.7
(2 ratings)
8.6
(24 ratings)
Support Rating
7.8
(18 ratings)
8.0
(120 ratings)
In-Person Training
6.4
(2 ratings)
8.3
(10 ratings)
Online Training
8.2
(1 ratings)
8.7
(12 ratings)
Implementation Rating
2.3
(7 ratings)
9.0
(19 ratings)
Configurability
8.2
(2 ratings)
8.7
(11 ratings)
Ease of integration
5.5
(1 ratings)
8.6
(27 ratings)
Product Scalability
8.2
(2 ratings)
9.1
(22 ratings)
Vendor post-sale
7.8
(3 ratings)
9.1
(20 ratings)
Vendor pre-sale
9.1
(1 ratings)
8.8
(18 ratings)
User Testimonials
PlanfulProphix
Likelihood to Recommend
Planful
Planful makes it very easy to roll forward forecasts and conduct scenario analyses. I'm also a big fan of their reporting and how easy it is to distribute a report burst to satisfy all the needs and questions of our SLT. Lastly, their latest developments in the AI space make it easy to quickly identify outlier projections.
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
Planful
  • Creating forecasts for the month, quarter, and year
  • Creating new variables by using variables pre-defined and that are new in the system
  • Having a very simple setup in the reports section - not straying away from the old Excel model which most people are used to. I can speak for a lot of people when I say that tools that look new can easily be frightening! 😅
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
Planful
  • Multiple currency calculations/ consolidations support IFRS accounting
  • Ability to inactivate old data dimensions
  • Reporting - Need ability to expand all/collapse all lines easily
  • Reporting - Formula exceptions added to a report do not update when information is revised.
  • Automatic Sandbox refreshes initiated by Planful - When Planful does an automatic refresh of the sandbox environment, it copies any Boomi/integration connections.
  • Limited to 8 data dimensions in core application
  • Add more API connectors to make data integration easier
  • ability to transfer sandbox tests to production environment
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
Planful
Our new Comptroller understands the value of Planful, and we plan to utilize it further in the organization to enhance external reporting. Strangely enough, Planful had not previously been embraced by the former CFO, who argued that we were running two sets of books (of course, we were not). Fortunately, the before mentioned reconciliation of EBITDA to Net Income demonstrated that to the banks.
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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
Planful
Planful is very easy to use for end users. The budget templates can be customized to meet the business needs. They just released business user experience functionality which you to take a complicated budget template and filter it down to meet departmental needs to avoid sending more lines than needed
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
Planful
I only give a 9 rating rather than a 10 rating because it seems that every day around 2pm we see a slowdown in the use of Planful. I have requested our internal IT department verify that it is not an internal issue and have been assured it is the tool. We have not yet reached out to Planful to do extensive research to solve this issue.
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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
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Performance
Planful
Again, the system is very reliable and, for the most part, runs very quick and smooth. When running larger queries, it does take some time, and during budgeting season our users experienced slower loading times, but nothing that raises concerns outside of normal network issues. Occasionally, as with any software we use, it will crash and you have to restart, but that does not happen very often.
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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
Planful
Sometimes we get great help when using Planful's support team and other times we don't. In particular, there is one person that often responds to our support tickets who is less than helpful, hence the reason for the 5 out of 10 rating. As a result, most of the time we reach out to our Planful consulting group as they provide faster and better support
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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
Planful
We got little training on the tool after implementation. Did a lot of "trial by fire" learning about Planful. I don't think RSM really provided us all the details we needed to understand the tool and to know what we needed to train on. I don't know we knew enough about the tool to even ask the right questions and then they left and we used Planful support a lot.
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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
Planful
A few years ago I participated in a lot of their online learning. Their references have grown over the years and continue to get better and better. We use it throughout the year to update the information we hold internally for documentation and to educate ourselves on all of the new release notes and features within Planful.
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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
Planful
After going through the initial implementation with Host Analytics and a re-implementation with Cervello (due to an ERP change, not due to a poor initial implementation), I've learned that you really must rely on your internal staff to bear most of the implementation burden. Use the vendor or partners for ideas and best-practice suggestions, and some of the easy-but-time-consuming work. Since you will ultimately be using and maintaining the application, you should be able to do most of it yourself.
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
Planful
Planful seems to do a better job of pulling things in a format that is more understandable to an accounting-minded person, whereas the other platforms seem more focused on operations. From a detail perspective, Planful provides more powerful and complete data, in my experience. When using a platform for financial planning and budgeting, the details are critical and the ability to match the GL structure and pull full P&L data has been a big improvement from Qlik, which we used previously.
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.
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Scalability
Planful
I give this rating simply because I have first-hand knowledge of the scalability of Planful when working across departments in our company that use different financial systems. We have one team on InEight and another using SAP. When we implemented it, we only customized the system to accommodate one of these financial platforms, but when we considered expanding the use of Planful to other departments, we were able to make the necessary adjustments to accommodate our needs.
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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.
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Return on Investment
Planful
  • We have saved a large amount of time on reports that we previously manually compiled in Excel via MS Dynamics. Planful was linked to Dynamics through automatically scheduled DLR's, reports were created, and now our manual processes are as simple as accessing and refreshing a report.
  • Dashboards have improved our budgeting process specifically with our production leaders as they can visualize their P&L's, their current actuals, current budget, and see where they are forecasting with their proposed budget for the next year
  • With the use of templates, structured planning, and the Simulation Engine, it has added a lot of value and automation to our annual budget process, allowing for plug-and-play type data loading and viewing various scenarios easily
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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

Planful Screenshots

Screenshot of Planful Planform DashboardScreenshot of Planful for FinanceScreenshot of Planful for MarketingScreenshot of ReportsScreenshot of Capacity Planning TemplateScreenshot of Integrations

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.