Lucanet vs. Prophix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Lucanet
Score 7.8 out of 10
N/A
LucaNet has been synonymous with intelligent software solutions and professional expertise in consolidated financial statements and controlling since 1999. Our aim is to simplify your day-to-day processes with our financial performance management software. No matter the size of your company and what industry you operate in, we can provide you with a tailored solution. Over 2,000 customers in more than 50 countries are already profiting from our user-friendly software and professional consulting.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
LucanetProphix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
LucanetProphix
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
LucanetProphix
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
LucanetProphix
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Lucanet
9.0
1 Ratings
8% above category average
Prophix
8.8
86 Ratings
6% above category average
Drill-down analysis9.01 Ratings9.585 Ratings
Formatting capabilities00 Ratings8.684 Ratings
Report sharing and collaboration00 Ratings8.480 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Lucanet
7.5
1 Ratings
10% below category average
Prophix
9.1
183 Ratings
9% above category average
Long-term financial planning7.01 Ratings9.0149 Ratings
Financial budgeting8.01 Ratings9.0178 Ratings
Forecasting6.01 Ratings9.0170 Ratings
Management reporting9.01 Ratings9.0175 Ratings
Scenario modeling00 Ratings9.5137 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Lucanet
8.2
1 Ratings
1% above category average
Prophix
8.4
148 Ratings
4% above category average
Financial data consolidation8.01 Ratings9.6124 Ratings
Journal entries and reports8.01 Ratings9.376 Ratings
Multi-currency management9.01 Ratings8.159 Ratings
Intercompany Eliminations8.01 Ratings8.870 Ratings
Local and consolidated reporting8.01 Ratings9.0104 Ratings
Minority Ownership00 Ratings7.027 Ratings
Detailed Audit Trails00 Ratings7.484 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Lucanet
8.7
1 Ratings
5% above category average
Prophix
8.4
175 Ratings
2% above category average
Financial Statement Reporting9.01 Ratings9.1158 Ratings
Management Reporting8.01 Ratings9.3169 Ratings
Excel-based Reporting9.01 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
Lucanet
6.7
1 Ratings
18% below category average
Prophix
7.9
152 Ratings
2% below category average
Personalized dashboards7.01 Ratings8.6140 Ratings
KPIs6.01 Ratings7.8109 Ratings
Cost and profitability analysis7.01 Ratings7.7109 Ratings
Color-coded scorecards00 Ratings8.0100 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
Lucanet
9.0
1 Ratings
8% above category average
Prophix
9.1
171 Ratings
9% above category average
Flat file integration9.01 Ratings8.9135 Ratings
Excel data integration9.01 Ratings8.9149 Ratings
Direct links to 3rd-party data sources00 Ratings9.3130 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Lucanet
-
Ratings
Prophix
7.6
4 Ratings
6% below category average
Customizable dashboards00 Ratings7.33 Ratings
Report Formatting Templates00 Ratings8.04 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Lucanet
-
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
Lucanet
-
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
Lucanet
-
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
Lucanet
-
Ratings
Prophix
9.6
40 Ratings
18% above category average
Responsive Design for Web Access00 Ratings9.640 Ratings
Best Alternatives
LucanetProphix
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
LucanetProphix
Likelihood to Recommend
8.0
(1 ratings)
8.6
(201 ratings)
Likelihood to Renew
-
(0 ratings)
10.0
(16 ratings)
Usability
-
(0 ratings)
8.9
(43 ratings)
Availability
-
(0 ratings)
9.2
(25 ratings)
Performance
-
(0 ratings)
8.6
(24 ratings)
Support Rating
-
(0 ratings)
8.0
(120 ratings)
In-Person Training
-
(0 ratings)
8.3
(10 ratings)
Online Training
-
(0 ratings)
8.7
(12 ratings)
Implementation Rating
-
(0 ratings)
9.0
(19 ratings)
Configurability
-
(0 ratings)
8.7
(11 ratings)
Ease of integration
-
(0 ratings)
8.6
(27 ratings)
Product Scalability
-
(0 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
LucanetProphix
Likelihood to Recommend
Lucanet
Lucanet is an easy to understand consolidation tool that displays the company's PnL, balance sheets, and cash flow statement in a clear way. The software is intuitive and easy to understand. User access functionalities are good. Dashboarding, reporting, and variance analysis are limited which is a disadvantage compared to other applications who do offer more all-in-one solutions.
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.
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Pros
Lucanet
  • Very intuitive interface to slice and dice the data to have a monthly, quarterly, or yearly view
  • Easy to add additional journal entries
  • Present legal consolidation structure in an intuitive way
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
Lucanet
  • Limited dimensions to drill-down to a lower level of detail
  • Limited reporting functionality
  • We used it mainly for consolidation of actuals. As far as I know, limited functionality for variance analysis
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
Lucanet
No answers on this topic
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
Lucanet
No answers on this topic
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
Lucanet
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
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Performance
Lucanet
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.
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Support Rating
Lucanet
No answers on this topic
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
Lucanet
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
Lucanet
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
Lucanet
No answers on this topic
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
Lucanet
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
Lucanet
No answers on this topic
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
Lucanet
  • Provides single source of truth regarding financial data
  • Affordable solution
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 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.