IBM Cognos Analytics vs. Prophix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
IBM Cognos Analytics
Score 8.2 out of 10
N/A
IBM Cognos is a full-featured business intelligence suite by IBM, designed for larger deployments. It comprises Query Studio, Reporting Studio, Analysis Studio and Event Studio, and Cognos Administration along with tools for Microsoft Office integration, full-text search, and dashboards.
$10
per month per user
Prophix
Score 8.6 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
IBM Cognos AnalyticsProphix
Editions & Modules
On Demand - Standard
$10.00
per month per user
On Demand - Premium
$40.00
per month per user
No answers on this topic
Offerings
Pricing Offerings
IBM Cognos AnalyticsProphix
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeOptionalOptional
Additional Details
More Pricing Information
Community Pulse
IBM Cognos AnalyticsProphix
Considered Both Products
IBM Cognos Analytics

No answer on this topic

Prophix
Chose Prophix
I was not involved in the selection process, but I will say that Prophix is 100% easier to use than Hyperion and Cognos. It is very user friendly for those finance users who do not have a SQL background.
Chose Prophix
Way less expensive with sufficient functionality. Prophix doesn't have all the bells and whistles but you also don't need a dedicated IT resource or developer to run Prophix. For a mid tier organization, in my opinion, Hyperion could be overpowered. Prophix can be easily …
Chose Prophix
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 …
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

I have used Cognos Finance at a previous employer. While the functionality is similar and sound, it's much more expensive and requires an extensive amount of IT involvement.

Additionally I have use Microsoft FRX, which was ok as a reporting tool, however didn't allow for …

Chose Prophix
I used Cognos over 8 years ago, so I'm not sure a comparison makes sense. But generally, Cognos is just a bigger, more complicated beast to implement.
Chose Prophix
Prophix comparable to other projects. It is easy to create reports and analyze data when you get your cube setup.
Chose Prophix
Ggreat Plains Forecaster - We look at but didn't choose. We used Cognos for 10 years for our budgeting and before that just Excel. Prophix has more flexibility than we were looking for and ability to far more than just budgeting. Like printing financial statement, Ad Hoc for …
Chose Prophix
Prophix is easier to use with drop down menus but has less flexibility on the basis of the changes that we are allowed to make to the calculations. IBM is faster as it uses the RAM to do the calculations whereas Prophix requires fewer resources to run, Prophix is less expensive …
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, …
Chose Prophix
We evaluated several products including Chameleon, Neubrain, Questica, Longview, IBM Cognos and Clarity. The evaluation team scored the various products on several components and Prophix rose to the top on score and the demo. I think every system is going to have pros and cons …
Chose Prophix

I brought Prophix to Spacesaver from my former employer, where I was part of the selection team, and led implementation. There were two main factors in our decision:

  • Prophix was significantly cheaper than TM1 in all ways, the cost for each user license, cost of implementation, …
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
IBM Cognos AnalyticsProphix
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
IBM Cognos Analytics
7.9
100 Ratings
3% below category average
Prophix
7.0
11 Ratings
12% below category average
Pixel Perfect reports8.591 Ratings00 Ratings
Customizable dashboards7.898 Ratings7.010 Ratings
Report Formatting Templates7.495 Ratings7.110 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
IBM Cognos Analytics
8.1
102 Ratings
0% above category average
Prophix
9.0
95 Ratings
9% above category average
Drill-down analysis8.0100 Ratings9.694 Ratings
Formatting capabilities8.1101 Ratings8.592 Ratings
Integration with R or other statistical packages7.870 Ratings00 Ratings
Report sharing and collaboration8.498 Ratings8.889 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
IBM Cognos Analytics
8.3
102 Ratings
0% below category average
Prophix
8.9
87 Ratings
9% above category average
Publish to Web8.327 Ratings00 Ratings
Publish to PDF8.796 Ratings9.382 Ratings
Report Versioning8.626 Ratings8.062 Ratings
Report Delivery Scheduling7.999 Ratings9.274 Ratings
Delivery to Remote Servers8.112 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
IBM Cognos Analytics
8.1
92 Ratings
1% above category average
Prophix
6.5
34 Ratings
16% below category average
Pre-built visualization formats (heatmaps, scatter plots etc.)8.187 Ratings00 Ratings
Location Analytics / Geographic Visualization8.284 Ratings00 Ratings
Predictive Analytics8.280 Ratings6.534 Ratings
Pattern Recognition and Data Mining8.019 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
IBM Cognos Analytics
8.3
97 Ratings
3% below category average
Prophix
8.9
91 Ratings
2% above category average
Multi-User Support (named login)8.494 Ratings9.488 Ratings
Role-Based Security Model8.393 Ratings8.888 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.293 Ratings8.891 Ratings
Report-Level Access Control8.422 Ratings8.532 Ratings
Single Sign-On (SSO)8.375 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
IBM Cognos Analytics
7.3
80 Ratings
9% below category average
Prophix
9.5
45 Ratings
17% above category average
Responsive Design for Web Access7.974 Ratings9.545 Ratings
Mobile Application7.365 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile8.271 Ratings00 Ratings
Application Program Interfaces (APIs) / Embedding
Comparison of Application Program Interfaces (APIs) / Embedding features of Product A and Product B
IBM Cognos Analytics
7.5
59 Ratings
5% below category average
Prophix
-
Ratings
REST API7.256 Ratings00 Ratings
Javascript API7.555 Ratings00 Ratings
iFrames8.39 Ratings00 Ratings
Java API6.911 Ratings00 Ratings
Themeable User Interface (UI)7.110 Ratings00 Ratings
Customizable Platform (Open Source)7.87 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
IBM Cognos Analytics
-
Ratings
Prophix
9.1
192 Ratings
9% above category average
Long-term financial planning00 Ratings9.3158 Ratings
Financial budgeting00 Ratings9.3187 Ratings
Forecasting00 Ratings8.7179 Ratings
Scenario modeling00 Ratings8.8145 Ratings
Management reporting00 Ratings9.3184 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
IBM Cognos Analytics
-
Ratings
Prophix
8.4
155 Ratings
5% above category average
Financial data consolidation00 Ratings9.6127 Ratings
Journal entries and reports00 Ratings9.380 Ratings
Multi-currency management00 Ratings7.763 Ratings
Intercompany Eliminations00 Ratings8.773 Ratings
Minority Ownership00 Ratings7.028 Ratings
Local and consolidated reporting00 Ratings9.0109 Ratings
Detailed Audit Trails00 Ratings7.589 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
IBM Cognos Analytics
-
Ratings
Prophix
8.4
184 Ratings
2% above category average
Financial Statement Reporting00 Ratings9.3167 Ratings
Management Reporting00 Ratings9.4178 Ratings
Excel-based Reporting00 Ratings9.2162 Ratings
Automated board and financial reporting00 Ratings9.0140 Ratings
XBRL support for regulatory filing00 Ratings5.25 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
IBM Cognos Analytics
-
Ratings
Prophix
7.8
160 Ratings
3% below category average
Personalized dashboards00 Ratings8.6147 Ratings
Color-coded scorecards00 Ratings7.9106 Ratings
KPIs00 Ratings7.7116 Ratings
Cost and profitability analysis00 Ratings7.7116 Ratings
Key Performance Indicator setting00 Ratings7.594 Ratings
Benchmarking with external data00 Ratings7.463 Ratings
Integration
Comparison of Integration features of Product A and Product B
IBM Cognos Analytics
-
Ratings
Prophix
9.3
180 Ratings
12% above category average
Flat file integration00 Ratings9.2143 Ratings
Excel data integration00 Ratings9.2158 Ratings
Direct links to 3rd-party data sources00 Ratings9.5137 Ratings
Best Alternatives
IBM Cognos AnalyticsProphix
Small Businesses
BrightGauge
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Score 9.0 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.3 out of 10
Medium-sized Companies
Reveal
Reveal
Score 9.9 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Jaspersoft Community Edition
Jaspersoft Community Edition
Score 9.7 out of 10
Anaplan
Anaplan
Score 8.7 out of 10
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User Ratings
IBM Cognos AnalyticsProphix
Likelihood to Recommend
8.1
(125 ratings)
8.9
(210 ratings)
Likelihood to Renew
9.7
(27 ratings)
10.0
(16 ratings)
Usability
8.0
(8 ratings)
8.6
(44 ratings)
Availability
8.6
(4 ratings)
10.0
(26 ratings)
Performance
9.0
(5 ratings)
8.0
(25 ratings)
Support Rating
10.0
(8 ratings)
8.1
(120 ratings)
In-Person Training
8.7
(4 ratings)
8.2
(10 ratings)
Online Training
8.0
(4 ratings)
8.7
(12 ratings)
Implementation Rating
7.0
(7 ratings)
8.8
(19 ratings)
Configurability
8.0
(2 ratings)
8.7
(11 ratings)
Ease of integration
7.3
(3 ratings)
9.0
(28 ratings)
Product Scalability
8.3
(3 ratings)
9.0
(23 ratings)
Vendor post-sale
7.0
(1 ratings)
9.1
(20 ratings)
Vendor pre-sale
7.0
(1 ratings)
8.9
(18 ratings)
User Testimonials
IBM Cognos AnalyticsProphix
Likelihood to Recommend
IBM
Our first and most basic scenario was to automatize the creation and publication/sharing of business reports that used to be created manually by employees throughout our organization. Using Cognos for that first use case worked well. The advanced analytics functionalities we used on the aggregated data were also as expected. However, the user interface is not always intuitive, and there is a steep learning curve, so I would recommend Cognos only to large organizations where there is a need for the most advanced functionalities (AI analysis/prediction).
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
IBM
  • We use the tool for data modeling as it helps in predictive data analysis for complex data, which is very similar to real-life scenarios.
  • Options of customizing & scheduling reports as per our requirements basis.
  • Has mobile application which works seamless.
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
IBM
  • Sometimes there might be performance issues when dealing with large and complex data.
  • Although IBM provides full documentation but sometimes it's difficult to find answers to questions and connect with their customer support.
  • It relies on external tools for data cleaning, transformation and also for some integration tasks. It can also improve on providing wider range of data sources for integration.
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
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'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
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.
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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.
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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
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.
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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.
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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.
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Alternatives Considered
IBM
In the past Management had used Excel and Workiva capabilities to create the reporting dashboards that were being used to make decisions. Since switching to IBM Cognos Analytics the Company has been much more efficient and decision making has been streamlined. IBM Cognos Analytics was chosen due to its reputation and data visualization capabilities and neither have been wrong.
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
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.
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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
IBM
  • High ROI with well designed solutions. Supported by scalable deployment, robust security model and ability to create valuable content.
  • High ROI where well designed data models can be deployed with a common metadata layer to a variety of users and use cases.
  • High ROI in an environment that includes a variety of vendors and best of breed products within the overall platform
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

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.