Board is presented as an enterprise planning platform, offered as a solution to accelerate business performance and enable continuous planning with greater forecast accuracy to drive confident, aligned decisions.
N/A
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.
Business problems that Board addresses are & how Board stacks up against them :Difficulty in managing and tracking multiple projects and tasks at the same timeInefficient communication and coordination among team membersLack of visibility into team performance and …
Board platform giving all the services from the lastest update according to our own business requirement. Even It's pricing model is very lower than other platform. We are getting lots of digital data maintaining, reporting, publishing without any kind of highly training course.
We earlier used Planful, which was also a good product but not as good as Board. The backend reporting and analysis of data are top-notch. The reports generated are quick and accurate. Board also offers to learn to upskill the team so that they can use the tool effectively and …
The features and the haslle free UI where any first time user can understand the esay navigation and achieving their business goal. To be brief, the features are very unique and most promising compared to the other application. Providing custom & tailored solutions of business …
Board has been more complete when compared to Anaplan. Although I didn't participate in the buying decision of any of those products I have used both and by far Board just has more features. It's more than a CPM, it's BI and CPM put together. If I had to make a choice now it …
Board is much much easier to setup than compared to Azure Power BI. Power BI also has a lot of challenges around data refresh with their web interface. While talking to support, we were made aware that for full feature-set, we should use the desktop version. Clearly something …
Board is useful in running all under one platform which is advance analytics, creating workflows and allowing users to create customizable dashboard once and using them for longitudinal tracking of Key performance indicators. It can provide tools and applications required to …
Based on your budget and what your inclination is to brand/service reputation, you can always find a different platform that can do more/better for the same/less cost, based on how you seek to find the metrics you want analyzed. It also depends on how your forecasting and …
We selected Board over similar alternatives for its integrated business intelligence and corporate management capabilities. Furthermore, the ability to generate customized real-time reports, benchmark data, and trends were the primary reasons for implementing Board in our …
We check previous reviews of the product and used a trial run of both products in a trial period. Most of our users voted for Board because of the features so our organization chose Board.
1) One of the main reasons we went for Board is that the consultant we hired was confident that it would be a game-changer in terms of financial analytics. He proved to be right. 2) Board has a great user community, so help is something that is always available even if their …
Board is a non-traditional reporting tool. It uses the latest data sciences advances to organize data. Board’s advanced In-memory Server Cluster architecture allows Board server workloads to be shared on a virtually unlimited number of nodes. This functionality ensures full …
We can not say that IBM system is not good, it is at par with Board. Selection is based on [the] best bid only. While we have used IBM also in [another] place.
Board has a number of flexible and easy tools which are not complicated to get their full performance concepts. Board interface can be customized by all users, Cloud deployment basics are also very simple to any user, and the data insights collection capability which Board …
The Cloud tools and the easy setting of all the Board functionalities via the Cloud deployment are amazing and easy to train on the Board features performance concepts. Board has straightforward business solutions generation capabilities and its intelligent functions are more …
These tools are handled for different purposed across the Product Groups however Board has an edge on the getting the best things upfront rather than becoming the jack of all trades. It has highly specific use cases for better Business Analytics and Decision making.
Board tools are well arranged and very accessible by the user. Board capabilities that enable effective Cloud marketing of various business or products are effective and also its data analytics is the best. Board allows reports creation and easy reports distribution among …
The flexibility of the Board features and the [ease] of customization make everything amazing and the ability to model new data models and also the new business is the greatest capability. Board can manage multiple contents through the Cloud and also export different reports …
We previously used Spreadsheet Server to get information out of our ERP (Vista/TC-1). In general, Prophix is faster and more reliable than Spreadsheet server, but the specific integration between Prophix and our ERP (and Project Management Software InEight) has caused us issues
Prophix stands out based on its capabilities for centralizing of financial data, automating workflows, reducing version controls, improving speed, more auditability and better collaboration.
Prophix is so much easier to use that other platforms or products. It can be customized so much easier than other larger, more expensive products. I work for a small university where we have a small finance team and Prophix allows us to tailor reporting to emerging needs in …
Prophix was already implemented when I joined the company, but in my previous job, we used OneStream, which seemed more complicated to set up and to update behind the scenes if the business changed.
It's been very good when all departments of the company had to pitch in data/information for a specific business decision. My company had to have input from Marketing, Sales, Engineering, Customer Support, and accounting in order to decide on what kind of development was next needed for our platform.
Prophix is best suited if you have a very extensive budgeting process that currently relies on multiple Excel spreadsheets. It is also great if you have on-prem tools that may no longer be supported for reporting. It may not be appropriate if you require an unlimited number of mid-tier users, as it can be very expensive annually. It's definitely not a cheap tool, but the cost can at least be optimized based on users' use cases. In both organizations I've worked for that use it, cost has been mentioned.
Board makes data summary easy - It makes comprehensive reports with great visuals.
Board makes navigation is easy for users - it has abundant training materials to help you get started.
With Board security is easy to set up and maintain for the organization - the support staff also provides great assistance for implementation and resolves other issues.
Ability to filter report views for report binder without creating duplicate reports.
More extensive documentation and examples in the ProCalc library.
More ProCalc functions that deal with the time dimension and allow functions that can utilize the system date. So if it is day 8 of the month.
Ability to save company color scheme for use in reporting.
Would like to create a link between the account dimension and another dimension so I can easily report on account properties. For example, an account property could be columns in a report.
Would like to see the ability to have a report view on a dashboard. The tables are poorly formatted, and I’d like more formatting ability.
Board is a fantastic product for swift BI solution delivery when compared with its peers. Ease of use, support and integration with Microsoft Office Addin open a wide horizon of opportunities for further enhancements to solutions. Easy bespoke app development capabilities make it a winner for us. BOARD is just like a white canvas, it lets you explore your creative side while designing and delivering a solution
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
Overall, Board is easy to use and develop for. Users can quickly get up to speed and begin using with only a small amount of training. Generally, it takes longer to explain the data structure (our customization) than it does to explain the tool itself. The most consistent challenge we run into is hierarchy management. New members have to be mapped to each level of an entity. While there is a "normalization" process, it often fails to map correctly or in rare cases can change custom mapping that was previously set up.
I don't rate anybody a 10 because I believe there's always room for improvement, so I'll go with an 8. And I'm giving 8 because it has helped us do more than we were doing before, and I believe there's still room for improvement.
The availability in Prophix is relatively good. We have occurred random outages in different versions that wipe out data, which can be brought back. Or we have ran into system wide slowness that impacts all users in the system, but we have been able to get more capacity to supply our performance.
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.
The only time I needed assistance was due to a problem in the prints: the colors of the brochures as they were on the screen were not reproduced in the print, but a series of standard colors were reproduced. This fact made colored numbers on a colored background illegible. From the assistance they confirmed that it was a problem of version 10.2 that occurred when leaving the brochures with the default colors proposed by Board. To obtain the desired colors, they had to be personalized ... I didn't like the solution very much and the technician who recommended it didn't like me either, but they would have solved the problem with the following versions. In any case, the assistance was quick and effective even if not exactly efficient.
We’ve gotten moved around a lot and so we don’t always know our pod people. Also when we book sessions with a random person it seems like we have to take the first 15-20 minutes explaining our system and process.
Board is fairly simple and straight forward. Advance training on workflows and procedures is a good one but the training content only touches through the interesting areas. training content needs to cover a few areas more in-depth
We worked with a consultant provided by the vendor for implementation. Training involved online and in person. The in person training was done throughout the implementation. It was very hands on training. As we worked through sections of the set-up, we were training on how to use various features within the product. It made learning the system very easy.
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.
The problem of user profiling in our context is certainly quite complex. The complexity is given by the fact that the company is divided territorially into logistic points of sale, but at the same time they are virtually divided into divisions (or specific implementation areas) and points of sale of competence. The same operator can have access to data at different logistic sales points, sales points of competence and divisions.
Since company's IT department was not part of the implementation and it was done only by an executive assistant who did not have extensive knowledge about finance and accounting it was done VERY Poorly and haphazardly. Nothing was done properly and it was not planned correctly. It worked for short term but after 2 years we had to re-do all the cubes and it was very hard to fix and correct things
We earlier used Planful, which was also a good product but not as good as Board. The backend reporting and analysis of data are top-notch. The reports generated are quick and accurate. Board also offers to learn to upskill the team so that they can use the tool effectively and collaborate.
Prophix is so much easier to use that other platforms or products. It can be customized so much easier than other larger, more expensive products. I work for a small university where we have a small finance team and Prophix allows us to tailor reporting to emerging needs in real time without having to reconfigure clunky systems with expensive modifications
I gave Prophix a 10 on scalability because we currently deploy the solution to department heads across our entire organization and never have any issues with those individuals using or accessing the system to look at their financial information within premade templates . They currently enter budgets and review reports within the system currently. The only issue is they cannot typically use the ad hoc functionality because that would require higher level licenses that cost more and it is not worth it to give them more costly licenses since they really aren't working in the system quite like the robust finance users
With effective financial analysis and planning and using Board, we were able to see a +18% QoQ revenue increase consistently for seven months straight
Using Board Dashboards, the senior management was able to better & clearly understand the financial position of the company at a given time and take better strategic decisions
Reduced time to produce reports and compile budget leaving the team with more time to analyse the data, rather than concentrating on just compiling reports or budgets.
Improved visibility and variance reporting capability providing actionable insights to stakeholder.
The above points lead to greater buy-in into reporting and planning processes.