What users are saying about
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Top Rated
158 Ratings
24 Ratings

Prophix

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Top Rated
158 Ratings
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Score 9.4 out of 101
24 Ratings
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Score 8.8 out of 101

Likelihood to Recommend

Prophix

Prophix is a fantastic system and I really enjoy using it. However, some accounting systems don't work too well with Prophix logic and it can be extremely difficult at times to get the two systems to work together. I would just make sure Prophix integrated well with my accounting system before using. :)
Ashleigh Arand profile photo

Vena Solutions

Vena is well suited for companies that have a population of users that are fairly adept with Microsoft Excel. Ideally, the company would also have an analyst who understands business intelligence, ETL, etc. Without somebody orchestrating the production, I doubt things would run very smoothly. Assuming there is somebody capable of running the software, the tool is awesome. Whenever we discuss investigating new tools, I always say the same thing, "If we switch to another platform, our users may have an easier time. That said, it feels like we can literally do ANYTHING with Vena."
No photo available

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Prophix
9.5
Vena Solutions
8.8
Long-term financial planning
Prophix
9.7
Vena Solutions
9.0
Financial budgeting
Prophix
9.6
Vena Solutions
9.5
Forecasting
Prophix
9.2
Vena Solutions
8.5
Scenario modeling
Prophix
9.2
Vena Solutions
8.8
Management reporting
Prophix
9.5
Vena Solutions
8.1

Consolidation and Close

Prophix
7.6
Vena Solutions
9.1
Financial data consolidation
Prophix
8.2
Vena Solutions
9.6
Journal entries and reports
Prophix
7.4
Vena Solutions
9.1
Multi-currency management
Prophix
7.9
Vena Solutions
9.6
Intercompany Eliminations
Prophix
7.5
Vena Solutions
6.7
Minority Ownership
Prophix
6.9
Vena Solutions
9.1
Local and consolidated reporting
Prophix
8.4
Vena Solutions
9.7
Detailed Audit Trails
Prophix
6.8
Vena Solutions
9.7

FInancial Reporting and Compliance

Prophix
8.4
Vena Solutions
9.0
Financial Statement Reporting
Prophix
9.3
Vena Solutions
9.6
Management Reporting
Prophix
9.2
Vena Solutions
8.8
Excel-based Reporting
Prophix
8.4
Vena Solutions
9.6
Automated board and financial reporting
Prophix
8.2
Vena Solutions
8.1
XBRL support for regulatory filing
Prophix
6.7
Vena Solutions

Analytics

Prophix
8.1
Vena Solutions
7.4
Personalized dashboards
Prophix
9.2
Vena Solutions
7.2
Color-coded scorecards
Prophix
7.5
Vena Solutions
6.2
KPIs
Prophix
7.9
Vena Solutions
6.5
Cost and profitability analysis
Prophix
8.1
Vena Solutions
9.6
Key Performance Indicator setting
Prophix
8.0
Vena Solutions
6.5
Benchmarking with external data
Prophix
8.0
Vena Solutions
8.5

Integration

Prophix
9.0
Vena Solutions
9.6
Flat file integration
Prophix
9.2
Vena Solutions
9.4
Excel data integration
Prophix
8.3
Vena Solutions
9.7
Direct links to 3rd-party data sources
Prophix
9.5
Vena Solutions
9.6

BI Standard Reporting

Prophix
Vena Solutions
10.0
Customizable dashboards
Prophix
Vena Solutions
10.0
Report Formatting Templates
Prophix
Vena Solutions
10.0

Ad-hoc Reporting

Prophix
Vena Solutions
10.0
Drill-down analysis
Prophix
Vena Solutions
10.0
Formatting capabilities
Prophix
Vena Solutions
10.0
Report sharing and collaboration
Prophix
Vena Solutions
10.0

Report Output and Scheduling

Prophix
Vena Solutions
10.0
Publish to PDF
Prophix
Vena Solutions
10.0
Report Versioning
Prophix
Vena Solutions
10.0
Report Delivery Scheduling
Prophix
Vena Solutions
10.0

Data Discovery and Visualization

Prophix
Vena Solutions
10.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
Prophix
Vena Solutions
10.0

Access Control and Security

Prophix
Vena Solutions
10.0
Multi-User Support (named login)
Prophix
Vena Solutions
10.0
Role-Based Security Model
Prophix
Vena Solutions
10.0
Multiple Access Permission Levels (Create, Read, Delete)
Prophix
Vena Solutions
10.0

Pros

Prophix

  • Management of data within Prophix is easy. It's simple to load/view/delete/manipulate the data.
  • Building reports and data-entry templates is intuitive and quick.
  • The user interface is easily understood by all levels of users.
Stephen Kirschenmann profile photo

Vena Solutions

  • Easy integration with Excel. The tool looks familiar as it looks similar to Excel.
  • Great customer support from Vena support team.
  • It has all the advantages of Excel without the limitations of Excel like the audit trail, version control etc.
  • Audit trail feature helps in identifying the source of updates on the data.
  • Efficient aggregation and consolidation tool. The volume of data we handle could not be handled by Excel efficiently. Vena solved the problem.
No photo available

Cons

Prophix

  • When it comes to crunching big data (many millions of combinations), Prophix's performance isn't as strong as the BI tools that I have used before (IBM Cognos and QlikView). I find that we will utilize those tools for crunching big data.
  • There are some Excel functions that would be handy to have as part of the report writer that aren't currently included in the software (some have been already addressed).
  • It is unfortunate that a couple of features are only accessible by our administrative users (financial consolidation and model manager) - it would be nice if our advanced user class could access those functions.
Steve Anderson profile photo

Vena Solutions

  • Sometimes developers do not get a clear idea of what is needed before attempting to design a solution.
  • Because the system design allows for such flexibility it can be difficult for support to fully understand what my issue is. No two budgets are designed exactly alike so it is understandable that troubleshooting can be a challenge. Having said that...I have never encountered a more supportive and helpful support staff.
  • In my opinion the process of rolling forward budget versions and scenarios is not intuitive and seems cumbersome.
Jay Scheumack profile photo

Likelihood to Renew

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 profile photo

Vena Solutions

Vena Solutions 9.1
Based on 1 answer
We have been extremely satisfied with the Vena Solutions product and have been able to become more efficient in our budgeting, forecasting and salary planning processes, as well as adding functionality and accuracy that was not possible in the past. Administrators no longer have to keep track manually of each department's budgeted net, but can use a report created in Vena to report this information, as well as see which departments have not yet submitted information. Customer service has always been very responsive as well
Lori Lambert profile photo

Usability

Prophix

Prophix 8.1
Based on 19 answers
It has been used by our employees with very little training, adaptation was instant
Joel DeGroat profile photo

Vena Solutions

Vena Solutions 9.1
Based on 1 answer
One is only limited by their knowledge of Excel functions and basic understanding of database management. One does not need to know VBA, VB, C++ or even SQL.
Megan Bladen-Blinkoff profile photo

Reliability and Availability

Prophix

Prophix 8.8
Based on 11 answers
We rarely encounter application errors or outages
Rob Strothkamp profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Performance

Prophix

Prophix 7.3
Based on 11 answers
To date, we have not had any issues with Prophix performance
Rob Strothkamp profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Support

Prophix

Prophix 8.5
Based on 85 answers
The support function has been good, but it would be nice to have a dedicated consultant we could call on if we needed immediate help. Often times the ticket process they have implemented is too time-consuming for our budget/forecast process here.
Jillian Walsh profile photo

Vena Solutions

Vena Solutions 8.2
Based on 1 answer
Customer support has been very prompt for both bug fixes and data loading. Enhancement requests have taken a bit longer to implement, but are within what we would consider a normal time frame compared to other software we use. I rarely have to wait long for an issue to be resolved
Lori Lambert profile photo

In-Person Training

Prophix

Prophix 8.2
Based on 2 answers
Very knowledgeable techs
Joel DeGroat profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Online Training

Prophix

Prophix 8.3
Based on 3 answers
Very knowledgeable techs
Joel DeGroat profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Implementation

Prophix

Prophix 8.2
Based on 10 answers
Know your requirements. Make sure you are on the same page as your consultant with cost and expected return. Know how much training will be involved and plan for it both in time and $. The implementation will be the responsibility of management, don't expect the consultant to do everything!
William Van Hulzen profile photo

Vena Solutions

Vena Solutions 9.1
Based on 1 answer
The Vena consultant had great knowledge of both the Vena solution and Excel and Excel functions. He was able to help suggest ways to build our templates that met our requirements using Excel functions we had not previously considered using. And we have been able to use the Excel information he provided in other ways outside of Vena. He was very patient and flexible as we learned the Vena tool and created templates
Lori Lambert profile photo

Alternatives Considered

Prophix

Prophix was more intuitive and flexible than the other products we evaluated during the system selection phase. While we did not look at Adaptive Planning at that time, I recently worked in a consulting role for CPM system implementations, and Prophix was more impressive than Adaptive Planning. The ability to maintain and further develop Prophix with no technology background was a huge selling point to us as a Finance department. Our original implementation with Prophix was fairly basic, but we've been able to expand our use of the system by building additional models and reports without external support. I can't say the same would be true if we went with a different product.
Tim McCarthy profile photo

Vena Solutions

The reason we initially looked at Vena Solutions was for help with budgeting. We like Vena Solutions because it is Excel based and we knew that even if we selected a software to do our budgeting we would revert back to Excel at some point. So why not keep it all in Excel in the first place
No photo available

Scalability

Prophix

Prophix 7.6
Based on 8 answers
Have not had any scalability issues to date
Rob Strothkamp profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Return on Investment

Prophix

  • We have streamlined our expense budgeting process by giving all department heads a standardized template to work off of.
Jillian Walsh profile photo

Vena Solutions

  • Using Vena for our budget has been extremely helpful and provided very accurate numbers for the year for us.
No photo available

Pricing Details

Prophix

General

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

Vena Solutions

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
$0*

* per user

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