What users are saying about
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Top Rated
510 Ratings
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Top Rated
220 Ratings

IBM Cognos Analytics with Watson

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Top Rated
510 Ratings
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Score 8.3 out of 100

Prophix

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Top Rated
220 Ratings
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Score 8.4 out of 100

Feature Set Ratings

  • IBM Cognos Analytics with Watson ranks higher in 3 feature sets: Ad-hoc Reporting, Report Output and Scheduling, Data Discovery and Visualization
  • Prophix ranks higher in 2 feature sets: Access Control and Security, Mobile Capabilities

BI Standard Reporting

8.3

IBM Cognos Analytics with Watson

83%

Prophix

Feature Set Not Supported
N/A
IBM Cognos Analytics with Watson ranks higher in 3/3 features

Pixel Perfect reports

8.2
82%
65 Ratings
N/A
0 Ratings

Customizable dashboards

8.4
84%
70 Ratings
N/A
0 Ratings

Report Formatting Templates

8.3
83%
69 Ratings
N/A
0 Ratings

Ad-hoc Reporting

8.7

IBM Cognos Analytics with Watson

87%
8.5

Prophix

85%
IBM Cognos Analytics with Watson ranks higher in 3/4 features

Drill-down analysis

8.8
88%
72 Ratings
9.0
90%
48 Ratings

Formatting capabilities

8.7
87%
73 Ratings
8.0
80%
46 Ratings

Integration with R or other statistical packages

8.3
83%
46 Ratings
N/A
0 Ratings

Report sharing and collaboration

8.8
88%
71 Ratings
8.6
86%
45 Ratings

Report Output and Scheduling

8.7

IBM Cognos Analytics with Watson

87%
8.6

Prophix

86%
IBM Cognos Analytics with Watson ranks higher in 5/5 features

Publish to Web

8.3
83%
26 Ratings
N/A
0 Ratings

Publish to PDF

9.2
92%
69 Ratings
8.9
89%
41 Ratings

Report Versioning

8.6
86%
25 Ratings
8.1
81%
30 Ratings

Report Delivery Scheduling

9.1
91%
72 Ratings
8.7
87%
37 Ratings

Delivery to Remote Servers

8.1
81%
12 Ratings
N/A
0 Ratings

Data Discovery and Visualization

7.8

IBM Cognos Analytics with Watson

78%
7.6

Prophix

76%
IBM Cognos Analytics with Watson ranks higher in 2/3 features

Pre-built visualization formats (heatmaps, scatter plots etc.)

7.9
79%
60 Ratings
N/A
0 Ratings

Location Analytics / Geographic Visualization

8.0
80%
58 Ratings
N/A
0 Ratings

Predictive Analytics

7.4
74%
56 Ratings
7.6
76%
14 Ratings

Access Control and Security

8.9

IBM Cognos Analytics with Watson

89%
9.1

Prophix

91%
Prophix ranks higher in 3/4 features

Multi-User Support (named login)

9.0
90%
67 Ratings
9.2
92%
43 Ratings

Role-Based Security Model

8.8
88%
66 Ratings
9.1
91%
44 Ratings

Multiple Access Permission Levels (Create, Read, Delete)

9.1
91%
66 Ratings
9.1
91%
46 Ratings

Single Sign-On (SSO)

8.8
88%
49 Ratings
N/A
0 Ratings

Mobile Capabilities

7.2

IBM Cognos Analytics with Watson

72%
8.4

Prophix

84%
IBM Cognos Analytics with Watson ranks higher in 2/3 features

Responsive Design for Web Access

7.8
78%
52 Ratings
8.4
84%
21 Ratings

Mobile Application

7.6
76%
81 Ratings
N/A
0 Ratings

Dashboard / Report / Visualization Interactivity on Mobile

7.5
75%
50 Ratings
N/A
0 Ratings

Application Program Interfaces (APIs) / Embedding

7.8

IBM Cognos Analytics with Watson

78%

Prophix

Feature Set Not Supported
N/A
IBM Cognos Analytics with Watson ranks higher in 6/6 features

REST API

8.4
84%
37 Ratings
N/A
0 Ratings

Javascript API

8.5
85%
35 Ratings
N/A
0 Ratings

iFrames

8.3
83%
9 Ratings
N/A
0 Ratings

Java API

6.9
69%
11 Ratings
N/A
0 Ratings

Themeable User Interface (UI)

7.1
71%
10 Ratings
N/A
0 Ratings

Customizable Platform (Open Source)

7.8
78%
7 Ratings
N/A
0 Ratings

Budgeting, Planning, and Forecasting

IBM Cognos Analytics with Watson

Feature Set Not Supported
N/A
8.7

Prophix

87%
Prophix ranks higher in 5/5 features

Long-term financial planning

N/A
0 Ratings
8.3
83%
122 Ratings

Financial budgeting

N/A
0 Ratings
9.2
92%
143 Ratings

Forecasting

N/A
0 Ratings
9.0
90%
137 Ratings

Scenario modeling

N/A
0 Ratings
8.1
81%
116 Ratings

Management reporting

N/A
0 Ratings
9.0
90%
143 Ratings

Consolidation and Close

IBM Cognos Analytics with Watson

Feature Set Not Supported
N/A
7.6

Prophix

76%
Prophix ranks higher in 7/7 features

Financial data consolidation

N/A
0 Ratings
9.2
92%
99 Ratings

Journal entries and reports

N/A
0 Ratings
8.2
82%
60 Ratings

Multi-currency management

N/A
0 Ratings
7.2
72%
44 Ratings

Intercompany Eliminations

N/A
0 Ratings
6.6
66%
53 Ratings

Minority Ownership

N/A
0 Ratings
5.4
54%
20 Ratings

Local and consolidated reporting

N/A
0 Ratings
8.6
86%
83 Ratings

Detailed Audit Trails

N/A
0 Ratings
8.2
82%
64 Ratings

Financial Reporting and Compliance

IBM Cognos Analytics with Watson

Feature Set Not Supported
N/A
8.0

Prophix

80%
Prophix ranks higher in 5/5 features

Financial Statement Reporting

N/A
0 Ratings
9.1
91%
127 Ratings

Management Reporting

N/A
0 Ratings
9.1
91%
138 Ratings

Excel-based Reporting

N/A
0 Ratings
8.7
87%
124 Ratings

Automated board and financial reporting

N/A
0 Ratings
8.3
83%
104 Ratings

XBRL support for regulatory filing

N/A
0 Ratings
4.5
45%
2 Ratings

Analytics and Reporting

IBM Cognos Analytics with Watson

Feature Set Not Supported
N/A
7.5

Prophix

75%
Prophix ranks higher in 6/6 features

Personalized dashboards

N/A
0 Ratings
8.9
89%
112 Ratings

Color-coded scorecards

N/A
0 Ratings
7.8
78%
82 Ratings

KPIs

N/A
0 Ratings
7.5
75%
87 Ratings

Cost and profitability analysis

N/A
0 Ratings
6.8
68%
91 Ratings

Key Performance Indicator setting

N/A
0 Ratings
7.3
73%
73 Ratings

Benchmarking with external data

N/A
0 Ratings
6.7
67%
47 Ratings

Integration

IBM Cognos Analytics with Watson

Feature Set Not Supported
N/A
8.2

Prophix

82%
Prophix ranks higher in 3/3 features

Flat file integration

N/A
0 Ratings
8.0
80%
108 Ratings

Excel data integration

N/A
0 Ratings
8.4
84%
121 Ratings

Direct links to 3rd-party data sources

N/A
0 Ratings
8.3
83%
101 Ratings

Attribute Ratings

  • IBM Cognos Analytics with Watson is rated higher in 3 areas: Support Rating, In-Person Training, Product Scalability
  • Prophix is rated higher in 10 areas: Likelihood to Recommend, Usability, Availability, Performance, Online Training, Implementation Rating, Configurability, Ease of integration, Vendor post-sale, Vendor pre-sale
  • IBM Cognos Analytics with Watson and Prophix are tied in 1 area: Likelihood to Renew

Likelihood to Recommend

8.1

IBM Cognos Analytics with Watson

81%
96 Ratings
8.9

Prophix

89%
166 Ratings

Likelihood to Renew

10.0

IBM Cognos Analytics with Watson

100%
24 Ratings
10.0

Prophix

100%
16 Ratings

Usability

8.0

IBM Cognos Analytics with Watson

80%
7 Ratings
8.7

Prophix

87%
38 Ratings

Availability

8.6

IBM Cognos Analytics with Watson

86%
8 Ratings
9.9

Prophix

99%
31 Ratings

Performance

9.0

IBM Cognos Analytics with Watson

90%
10 Ratings
9.1

Prophix

91%
31 Ratings

Support Rating

10.0

IBM Cognos Analytics with Watson

100%
15 Ratings
8.2

Prophix

82%
202 Ratings

In-Person Training

8.7

IBM Cognos Analytics with Watson

87%
4 Ratings
8.6

Prophix

86%
9 Ratings

Online Training

8.0

IBM Cognos Analytics with Watson

80%
4 Ratings
8.2

Prophix

82%
10 Ratings

Implementation Rating

7.0

IBM Cognos Analytics with Watson

70%
14 Ratings
9.3

Prophix

93%
27 Ratings

Configurability

8.0

IBM Cognos Analytics with Watson

80%
2 Ratings
9.0

Prophix

90%
9 Ratings

Ease of integration

8.0

IBM Cognos Analytics with Watson

80%
2 Ratings
8.1

Prophix

81%
21 Ratings

Product Scalability

10.0

IBM Cognos Analytics with Watson

100%
2 Ratings
8.6

Prophix

86%
18 Ratings

Vendor post-sale

7.0

IBM Cognos Analytics with Watson

70%
1 Rating
8.9

Prophix

89%
16 Ratings

Vendor pre-sale

7.0

IBM Cognos Analytics with Watson

70%
1 Rating
9.0

Prophix

90%
15 Ratings

Likelihood to Recommend

IBM

IBM Cognos Analytics provides our organization with a workspace for data visualization and analysis, with a wide variety of customization options. It is well suited for exploring and discovering trends with the information provided in real time. It has the ability to create very attractive reports and dashboards. It offers robust controls for comprehensive data protection, generating reliability in the use of significant information
Read full review

Prophix Software

Prophix is adaptable to many different types of organizations. It is an exceptional tool for budget development, even across complex organizations. Prophix also allows a much more flexible approach to financial reporting and analysis than is offered in most ERP systems. An added bonus is the ability that Prophix has to handle long-range planning and forecasting.
Read full review

Pros

IBM

  • Pixel perfect reports. If a client can provide a pixel-perfect mockup, I can make the report indistinguishable from the mockup.
  • Data security. It doesn't matter who the user is; when they log in and run a report, they will only see the data they are permitted to see.
  • Performant reports on large data. Many tools have issues running on tables containing only a few million rows. Cognos can consistently run reports on multi-billion row tables without issue.
  • Embedding reports in third-party tools. With Cognos Mashup Services, it is possible to build a report in IBM Cognos Analytics with Watson and call it programmatically. Need straight HTML? No problem. JSON? Atom? All good.
Read full review

Prophix Software

  • Prophix helps tremendously with the budgeting process. It allows scalability when we add new programs. The flexibility of Prophix allows for an accurate and efficient budgeting process.
  • Prophix does an excellent job at building data integrations, which helps feed the most recent data into Prophix with no manual processes.
  • Prophix's customer support team is amazing and is always willing to help you build more functionality into the product as time goes on and additional needs are identified.
Read full review

Cons

IBM

  • OLAP-cubes MUST IMMEDIATELY be upgraded to 64-bit-technology (if not, we are lost as Cognos/IBM-customer).
  • Easier integration of complex authorisation systems (concepts) into cubes (vertical as well as horizontal authorisation).
  • Much more statistics-functionality in cubes! (IBM bought SPSS 10 years ago!! where is the benefit of Cognos-users!!)!!!
Read full review

Prophix Software

  • More flexibility needed in dashboard chart design
  • More flexibility in how accounts roll-up (children added together = parent total; sometimes I need to average the children to get the parent, but that is not a current feature)
  • I wish ad hoc analysis was available for standard users
Read full review

Pricing Details

IBM Cognos Analytics with Watson

Starting Price

$10 per month per user

Editions & Modules

IBM Cognos Analytics with Watson editions and modules pricing
EditionModules
On Demand - Standard$10.001
On Demand - Premium$40.002

Footnotes

  1. per month per user
  2. per month per user

Offerings

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services

Entry-level set up fee?

Optional

Additional Details

30-day free trial available.

Pricing Info

Prophix

Starting Price

Editions & Modules

Prophix editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    Optional

    Additional Details

    Pricing Info

    Likelihood to Renew

    IBM

    For an existing solution, renewing licenses does provide a good return on investment. Additionally, while rolling out scorecards and dashboards with little adhoc capabilities, to end users, cognos is very easily scalable. It also allows to create a solution that has a mix of OLAP and relational data-sources, which is a limitation with other tools. Synchronizing with existing security setup is easy too.
    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

    IBM

    We have a strong user base (3500 users) that are highly utilizing this tool. Basic users are able to consume content within the applied security model. We have a set of advanced users that really push the limits of Cognos with Report and Query Studio. These users have created a lot of personal content and stored it in 'My Reports'. Users enjoy this flexibility.
    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

    IBM

    Reports can typically be viewed through any browser that can access the server, so the availability is ultimately up to what the company utilizing it is comfortable with allowing, though report development tends to be more picky about browsers and settings as mentioned above. It also has an optional iPad app and general mobile browsing support, but dashboards lack the mobile compatibility. What keeps it from getting a higher score is the desktop tools that are vital to the development process. The compatibility with only Windows when the server has a wide range of compatibility can be a real sore point for a company that outfits its employees exclusively with Mac or Linux machines. Of course, if they are planning on outsourcing the development anyways, it's a rather moot point
    Read full review

    Prophix Software

    Prophix has never been unavailable in the 3 years we have used the system. Any outages we have had have been due to internal issues not the Prophix software itself
    Read full review

    Performance

    IBM

    Overall no major complaints but it doesn't handle DMR (Dimensionally Modeled for Relational) very well. DMR modelling is a capability that IBM Cognos Framework Manager provides allowing you to specify dimensional information for relational metadata and allows for OLAP-style queries. However, the capability is not very efficient and, for example, if I'm using only 2 columns on a 20-column model, the software is not smart enough to exclude 18 columns and the query side gets progressively larger and larger until it's effectively unusable.
    Read full review

    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

    IBM

    Why is their web application not working as fast as you think it should? They never know, and it is always a a bunch of shots in the dark to find out. Trying to download software from them is like trying to find a book at the library before computers were invented.
    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

    IBM

    Onsite training provided by IBM Cognos was effective and as expected. They did not perform training with our data which was a bit difficult for our end-users.
    Read full review

    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.
    Read full review

    Online Training

    IBM

    The online courses they offer are thorough and presented in such a way that someone who isn't already familiar with the general design methodologies used in this field will be capable of making a good design. The training environments are provided as a fully self contained virtual machine with everything needed already to create the environments. We've had some persisting issues with the environments becoming unavailable, but support has been responsive when these issues arise and straightening them out for us
    Read full review

    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.
    Read full review

    Implementation Rating

    IBM

    Make sure that any custom tables that you have, are built into your metadata packages. You can still access them via SQL queries in Cognos, but it is much easier to have them as a part of the available metadata packages.
    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.
    Read full review

    Alternatives Considered

    IBM

    The AI and the automation in IBM Cognos Analytics are pretty simple to use and almost provide accurate data. The report part compared to the Medidata Rave is always efficient and error-proof I got the reports nearly 90 percent. The analysis is pretty good I actually got the outcome that I wanted to produce.
    Read full review

    Prophix Software

    Workday Adaptive Planning had some excellent looking features such as report design and processing speed and efficiency. Fiserv Prologue really excels at providing banking specific functionality built-in. We ultimately felt the Prophix provides the best blend of the other two's strengths and did so with a great value for the price and excellent customer service through sales, product, marketing and integration.
    Read full review

    Scalability

    IBM

    The Cognos architecture is well suited for scalability. However, the architecture must be designed with scalability in mind from day one of the implementation. We recently upgraded from 10.1 to 10.2.1 and took the opportunity to revamp our architecture. It is now poised for future growth and scalability.
    Read full review

    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

    IBM

    • The team that implemented this software tells me that the ROI is not obtained instantly; it must go through long months before obtaining good results.
    • There are functions that are not easy for all users; this makes it difficult to obtain positive results in the first months.
    • A year has to pass before noticing that after its configuration, we can work without delays.
    Read full review

    Prophix Software

    • Not only did it cut significant time off our budgeting cycle, but it allowed us to do things we couldn't even do in excel versions (i.e., load in another month of data for comparables three days before presenting to executive team).
    • Month-end reporting has resulted in the ability to continually tweak reporting to focus end-users on what's important; our previous reporting package (inside our accounting software) was far too cumbersome to make this work.
    • Moving all of my other data functions inside Prophix has resulted in not only a lot more efficiency for me, *but* it allows me answer about 95% of ad hoc questions coming at me with the data I now have stored, as opposed to starting from scratch by extracting raw data out of our original systems every time.
    Read full review

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