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 8.5 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.
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.
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 …
Senior Vice President - Treasurer / Planning and Analysis
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 …
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 …
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 …
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 …
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, …
Verified User
Manager
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 …
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, …