What users are saying about
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Top Rated
215 Ratings
219 Ratings
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Score 7.4 out of 100

Prophix

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Top Rated
215 Ratings
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Score 8.9 out of 100

Likelihood to Recommend

Oracle Hyperion

Well suited: For use in multiple offices around the world. I was able to obtain financial reporting data from 5 foreign offices and then consolidate their data with 3 domestic USA offices to prepare a consolidated financial statement.Less Appropriate: Translating the financial value for consulting services could be a bit challenging because that required human interaction and judgement. It would have been great to be able to set up some software to be able to interpret this and let it run for all future project work revenue projection.
Anonymous | TrustRadius Reviewer

Prophix

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.
Mark Russell | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Oracle Hyperion
7.1
Prophix
Pixel Perfect reports
Oracle Hyperion
7.0
Prophix
Customizable dashboards
Oracle Hyperion
6.6
Prophix
Report Formatting Templates
Oracle Hyperion
7.7
Prophix

Ad-hoc Reporting

Oracle Hyperion
7.3
Prophix
8.5
Drill-down analysis
Oracle Hyperion
8.3
Prophix
9.0
Formatting capabilities
Oracle Hyperion
7.5
Prophix
7.8
Integration with R or other statistical packages
Oracle Hyperion
7.1
Prophix
Report sharing and collaboration
Oracle Hyperion
6.4
Prophix
8.8

Report Output and Scheduling

Oracle Hyperion
6.4
Prophix
8.3
Publish to Web
Oracle Hyperion
5.6
Prophix
Publish to PDF
Oracle Hyperion
5.7
Prophix
8.7
Report Versioning
Oracle Hyperion
7.0
Prophix
8.0
Report Delivery Scheduling
Oracle Hyperion
7.2
Prophix
8.2

Data Discovery and Visualization

Oracle Hyperion
7.1
Prophix
7.4
Pre-built visualization formats (heatmaps, scatter plots etc.)
Oracle Hyperion
6.9
Prophix
Location Analytics / Geographic Visualization
Oracle Hyperion
7.2
Prophix
Predictive Analytics
Oracle Hyperion
7.1
Prophix
7.4

Access Control and Security

Oracle Hyperion
7.5
Prophix
9.2
Multi-User Support (named login)
Oracle Hyperion
7.4
Prophix
9.2
Role-Based Security Model
Oracle Hyperion
6.5
Prophix
9.2
Multiple Access Permission Levels (Create, Read, Delete)
Oracle Hyperion
7.7
Prophix
9.1
Single Sign-On (SSO)
Oracle Hyperion
8.6
Prophix

Mobile Capabilities

Oracle Hyperion
5.4
Prophix
8.7
Responsive Design for Web Access
Oracle Hyperion
5.4
Prophix
8.7
Dedicated iOS Application
Oracle Hyperion
5.0
Prophix
Dedicated Android Application
Oracle Hyperion
5.0
Prophix
Dashboard / Report / Visualization Interactivity on Mobile
Oracle Hyperion
6.4
Prophix

Budgeting, Planning, and Forecasting

Oracle Hyperion
9.4
Prophix
8.7
Long-term financial planning
Oracle Hyperion
9.8
Prophix
8.3
Financial budgeting
Oracle Hyperion
9.7
Prophix
9.2
Forecasting
Oracle Hyperion
9.6
Prophix
8.7
Scenario modeling
Oracle Hyperion
8.8
Prophix
8.2
Management reporting
Oracle Hyperion
8.9
Prophix
8.9

Consolidation and Close

Oracle Hyperion
9.8
Prophix
7.6
Financial data consolidation
Oracle Hyperion
9.8
Prophix
8.9
Journal entries and reports
Oracle Hyperion
9.8
Prophix
7.8
Multi-currency management
Oracle Hyperion
9.9
Prophix
7.1
Intercompany Eliminations
Oracle Hyperion
9.6
Prophix
7.7
Minority Ownership
Oracle Hyperion
9.8
Prophix
5.7
Local and consolidated reporting
Oracle Hyperion
9.7
Prophix
8.6
Detailed Audit Trails
Oracle Hyperion
9.8
Prophix
7.4

Financial Reporting and Compliance

Oracle Hyperion
9.4
Prophix
7.9
Financial Statement Reporting
Oracle Hyperion
9.7
Prophix
8.7
Management Reporting
Oracle Hyperion
9.8
Prophix
8.8
Excel-based Reporting
Oracle Hyperion
9.9
Prophix
8.5
Automated board and financial reporting
Oracle Hyperion
8.8
Prophix
8.7
XBRL support for regulatory filing
Oracle Hyperion
9.0
Prophix
4.5

Analytics

Oracle Hyperion
8.3
Prophix
7.7
Personalized dashboards
Oracle Hyperion
8.8
Prophix
8.4
Color-coded scorecards
Oracle Hyperion
8.8
Prophix
7.3
KPIs
Oracle Hyperion
8.0
Prophix
7.5
Cost and profitability analysis
Oracle Hyperion
8.0
Prophix
8.0
Key Performance Indicator setting
Oracle Hyperion
8.9
Prophix
7.6
Benchmarking with external data
Oracle Hyperion
7.1
Prophix
7.1

Integration

Oracle Hyperion
9.8
Prophix
8.0
Flat file integration
Oracle Hyperion
9.8
Prophix
8.1
Excel data integration
Oracle Hyperion
9.8
Prophix
8.3
Direct links to 3rd-party data sources
Oracle Hyperion
9.8
Prophix
7.7

Pros

Oracle Hyperion

  • This product handles budgeting by Employee and/or Position very well. It is highly flexible and allows Hyperion administrators the ability to develop a planning application that fits a variety of different business needs.
  • It is great at calculating benefits using business rules to automate the population of these fringe costs in the overall budget planning process. This greatly reduces user error.
  • It allows you to seed the operating budget based on changes to key drivers, such as percentage increases, flat dollar increases and more detailed changes using business rules.
  • Allows visibility into the plans for each unit across the organization, rolled up into an overall budget for the campus.
  • It handles the creation of budgets with multiple chartfield segments or dimensions, which most other budgeting systems cannot handle well. It can aggregate these very quickly.
Teal Sexton | TrustRadius Reviewer

Prophix

  • 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.
Alex Kaiser | TrustRadius Reviewer

Cons

Oracle Hyperion

  • One pain point for us is the consolidation and translation process. Needing to translate the data over and over again is frustrating and there is no visibility into how many users are running a translation. If multiple users attempt to translate the same data set, say goodbye to your performance but you have no way of knowing! (Unless you want to pull up a task audit which is not a very realistic expectation). It has the been the quickest way for us to bring the system to it's knees. The consolidation process performs in direct correlation to the complexity of the calculation/consolidation rules. So, while the product is extremely flexible, you still have to be careful how you design your rules and calculations to make sure that you do it on the smallest subset of data as possible to avoid large processing times. This makes sense, but requires some significant expertise that most organizations do not have in-house.
  • The Hyperion Financial Reporting product is ridiculously outdated and clunky to use. The interface for designing reports is not intuitive, and not easy to modify once a report is built. I think there must be a strategic decision to move away from it and go to something more like Oracle BI because I just can't understand why in the world they don't update the reporting product. It also requires a significant level of expertise to be able to use. Not a great solution at all if you want multiple end-users to create reports in something other than Excel. Nobody except the HFM admin (which I used to be) in our company even touches this module.
  • Another pain point is the amount of IT support that is required to run this thing, and again, specialized knowledge of Hyperion products and how they work is required for IT to adequately support it. This goes for application servers and the Oracle database that the applications are running on.
Matt Downing | TrustRadius Reviewer

Prophix

  • 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
Marcia Jo Frazier | TrustRadius Reviewer

Likelihood to Renew

Oracle Hyperion

Oracle Hyperion 5.0
Based on 1 answer
We're in the middle of the road because we are not sure that other products on the market fit the bill for what we need yet. Hyperion is expensive and burdensome from an administrator and maintenance standpoint, but it still seems to be the best solution for what we need. Show us an equally capable SaaS consolidation product and we'll talk again.
Matt Downing | TrustRadius Reviewer

Prophix

Prophix 10.0
Based on 16 answers
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
Tim McCarthy | TrustRadius Reviewer

Usability

Oracle Hyperion

No score
No answers yet
No answers on this topic

Prophix

Prophix 8.5
Based on 37 answers
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
Anonymous | TrustRadius Reviewer

Reliability and Availability

Oracle Hyperion

No score
No answers yet
No answers on this topic

Prophix

Prophix 9.7
Based on 31 answers
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
Anonymous | TrustRadius Reviewer

Performance

Oracle Hyperion

No score
No answers yet
No answers on this topic

Prophix

Prophix 9.5
Based on 31 answers
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.
William Van Hulzen | TrustRadius Reviewer

Support Rating

Oracle Hyperion

Oracle Hyperion 8.0
Based on 2 answers
The premium support team provides much needed dedicated customer service which we are after for what we have paid for this service. We are satisfied with the service and support and do not have any instance where there was an issue that requires escalation to get the right support team. Though the incidence of major issues that requires the premium support are less, we prefer to keep this as a safety net.
Anonymous | TrustRadius Reviewer

Prophix

Prophix 8.8
Based on 202 answers
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!
Anonymous | TrustRadius Reviewer

In-Person Training

Oracle Hyperion

No score
No answers yet
No answers on this topic

Prophix

Prophix 8.6
Based on 8 answers
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.
Anonymous | TrustRadius Reviewer

Online Training

Oracle Hyperion

No score
No answers yet
No answers on this topic

Prophix

Prophix 8.4
Based on 10 answers
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.
Anonymous | TrustRadius Reviewer

Implementation Rating

Oracle Hyperion

No score
No answers yet
No answers on this topic

Prophix

Prophix 7.4
Based on 27 answers
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.
Carl Evans | TrustRadius Reviewer

Alternatives Considered

Oracle Hyperion

I use Oracle Hyperion Enterprise Performance Mangement because the company I work at requires me to use it in the Financial Planning sector as most of their data is stored in it. I am open minded and ready to use other performance management tools created by Oracle if my work permits.
Ricky Bhatia | TrustRadius Reviewer

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 two's strengths and did so with a great value for the price and excellent customer service through sales, product, marketing and integration.
Ben Swinney | TrustRadius Reviewer

Scalability

Oracle Hyperion

No score
No answers yet
No answers on this topic

Prophix

Prophix 8.7
Based on 18 answers
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.
Kevin Warnick | TrustRadius Reviewer

Return on Investment

Oracle Hyperion

  • Oracle Hyperion allows us to automate and consolidate financial data that used to be performed manually in spreadsheets. From that perspective the ROI is huge.
  • Oracle Hyperion functionality is extensive and allows us to perform most functions for planning, consolidating and reporting on our financial data.
  • One negative with Oracle Hyperion is that it is complicated to implement and maintain. It takes expertise at all levels (infrastructure and management) to realize the benefits from it.
Anonymous | TrustRadius Reviewer

Prophix

  • 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.
Michael Senchuk | TrustRadius Reviewer

Screenshots

Pricing Details

Oracle Hyperion

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Starting Price

Prophix

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

Starting Price

Rating Summary

Likelihood to Recommend

Oracle Hyperion
8.8
Prophix
9.0

Likelihood to Renew

Oracle Hyperion
5.0
Prophix
10.0

Usability

Oracle Hyperion
Prophix
8.5

Reliability and Availability

Oracle Hyperion
Prophix
9.7

Performance

Oracle Hyperion
Prophix
9.5

Support Rating

Oracle Hyperion
8.0
Prophix
8.8

In-Person Training

Oracle Hyperion
Prophix
8.6

Online Training

Oracle Hyperion
Prophix
8.4

Implementation Rating

Oracle Hyperion
Prophix
7.4

Scalability

Oracle Hyperion
Prophix
8.7

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