What users are saying about
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Top Rated
179 Ratings
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Top Rated
239 Ratings

Prophix

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Top Rated
179 Ratings
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Score 8.8 out of 100

Workday Adaptive Planning

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Top Rated
239 Ratings
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Score 8.2 out of 100

Likelihood to Recommend

Prophix

Any company that has multiple entities and/or stores would see an immediate benefit, as Prophix has the ability to slice and dice the financial and non-financial data on any dimension (whether it's company code, store code, etc.) Multiple entity reporting is extremely easy, and also very flexible. Our organization has 140 stores in 1 entity, and 3 other entities that don't have stores. With Prophix we are able to generate reporting that gives us both consolidated and consolidating financials with 1 click.
Paul Ryan | TrustRadius Reviewer

Workday Adaptive Planning

Adaptive Insights is well-suited for accommodating different areas within the organization that have different cost drivers and/or have different allocation needs. The capability to design planning sheets using the lookup values offers flexibility that was difficult to produce with confidence in our other planning tool. Using dimensions and attributes within our organization's design, allows the ability to dissect data in different ways and report in more flexible formats to meet user needs. In addition, the OfficeConnect plug-in with Adaptive offers expanded Board reporting capabilities where Adaptive Reporting may come up short. The Discovery Dashboard provides quick visuals for C-Suite on demand.
Limin Kinsey, CPA, CFE | TrustRadius Reviewer

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Prophix
8.7
Workday Adaptive Planning
8.4
Long-term financial planning
Prophix
8.6
Workday Adaptive Planning
7.8
Financial budgeting
Prophix
9.0
Workday Adaptive Planning
8.9
Forecasting
Prophix
8.4
Workday Adaptive Planning
9.0
Scenario modeling
Prophix
8.4
Workday Adaptive Planning
7.1
Management reporting
Prophix
9.4
Workday Adaptive Planning
9.0

Consolidation and Close

Prophix
7.6
Workday Adaptive Planning
8.0
Financial data consolidation
Prophix
8.3
Workday Adaptive Planning
8.7
Journal entries and reports
Prophix
7.5
Workday Adaptive Planning
6.4
Multi-currency management
Prophix
7.4
Workday Adaptive Planning
7.5
Intercompany Eliminations
Prophix
7.1
Workday Adaptive Planning
7.9
Minority Ownership
Prophix
7.4
Workday Adaptive Planning
8.0
Local and consolidated reporting
Prophix
8.4
Workday Adaptive Planning
8.6
Detailed Audit Trails
Prophix
7.2
Workday Adaptive Planning
8.6

Financial Reporting and Compliance

Prophix
7.8
Workday Adaptive Planning
7.9
Financial Statement Reporting
Prophix
9.3
Workday Adaptive Planning
8.7
Management Reporting
Prophix
9.1
Workday Adaptive Planning
8.6
Excel-based Reporting
Prophix
7.9
Workday Adaptive Planning
7.4
Automated board and financial reporting
Prophix
8.2
Workday Adaptive Planning
7.4
XBRL support for regulatory filing
Prophix
4.5
Workday Adaptive Planning
7.6

Analytics

Prophix
7.8
Workday Adaptive Planning
7.0
Personalized dashboards
Prophix
9.0
Workday Adaptive Planning
7.5
Color-coded scorecards
Prophix
7.0
Workday Adaptive Planning
6.4
KPIs
Prophix
7.6
Workday Adaptive Planning
7.3
Cost and profitability analysis
Prophix
8.1
Workday Adaptive Planning
8.3
Key Performance Indicator setting
Prophix
7.6
Workday Adaptive Planning
7.9
Benchmarking with external data
Prophix
7.8
Workday Adaptive Planning
4.5

Integration

Prophix
8.8
Workday Adaptive Planning
8.3
Flat file integration
Prophix
9.1
Workday Adaptive Planning
8.3
Excel data integration
Prophix
8.0
Workday Adaptive Planning
8.3
Direct links to 3rd-party data sources
Prophix
9.4
Workday Adaptive Planning
8.2

BI Standard Reporting

Prophix
Workday Adaptive Planning
9.3
Pixel Perfect reports
Prophix
Workday Adaptive Planning
9.0
Customizable dashboards
Prophix
Workday Adaptive Planning
10.0
Report Formatting Templates
Prophix
Workday Adaptive Planning
9.0

Ad-hoc Reporting

Prophix
Workday Adaptive Planning
8.0
Drill-down analysis
Prophix
Workday Adaptive Planning
9.0
Formatting capabilities
Prophix
Workday Adaptive Planning
7.0
Integration with R or other statistical packages
Prophix
Workday Adaptive Planning
8.0
Report sharing and collaboration
Prophix
Workday Adaptive Planning
8.0

Report Output and Scheduling

Prophix
Workday Adaptive Planning
8.0
Publish to PDF
Prophix
Workday Adaptive Planning
8.0
Report Versioning
Prophix
Workday Adaptive Planning
8.0
Report Delivery Scheduling
Prophix
Workday Adaptive Planning
8.0

Data Discovery and Visualization

Prophix
Workday Adaptive Planning
7.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
Prophix
Workday Adaptive Planning
7.0
Location Analytics / Geographic Visualization
Prophix
Workday Adaptive Planning
8.0
Predictive Analytics
Prophix
Workday Adaptive Planning
8.0

Access Control and Security

Prophix
Workday Adaptive Planning
9.0
Multi-User Support (named login)
Prophix
Workday Adaptive Planning
9.0
Role-Based Security Model
Prophix
Workday Adaptive Planning
9.0
Multiple Access Permission Levels (Create, Read, Delete)
Prophix
Workday Adaptive Planning
9.0

Mobile Capabilities

Prophix
Workday Adaptive Planning
8.5
Responsive Design for Web Access
Prophix
Workday Adaptive Planning
8.0
Dedicated iOS Application
Prophix
Workday Adaptive Planning
8.0
Dedicated Android Application
Prophix
Workday Adaptive Planning
8.0
Dashboard / Report / Visualization Interactivity on Mobile
Prophix
Workday Adaptive Planning
10.0

Pros

Prophix

  • Line item Detail is one of my favorite functions. It is such a simple, easy thing but helps a lot with staying organized.
  • Workflows are super easy to create and make the budget kickoff effortless.
  • Processes - I love being able to create a process that will flip all data from one version to the next. This is so helpful for companies like mine that do multiple forecasts per year.
Ashleigh Arand | TrustRadius Reviewer

Workday Adaptive Planning

  • I love how easy it is to track software and general amortizations in Adaptive. The software has been an issue with my past employers, but it flows very easily here in Adaptive.
  • We also use Adaptive's OfficeConnect for easy reporting. It has helped us automate our reporting as we work with internal departments. We have the reports built, and the software and can refresh all of them simultaneously, reducing generation time and giving us more time for analysis.
  • We are building out more operational metrics now. We are starting to track sales opportunities across different business segments to see the correlation between spending activities and opportunity generation. This helps us set better targets in the future. This paired with OfficeConnect also makes it very easy to track and report on operational metrics in addition to financial metrics.
Mark McConkie | TrustRadius Reviewer

Cons

Prophix

  • In the future, it would nice to be able to preview an adhoc query result before committing to it. Sometimes waiting for the query results to finish rendering is a pain, especially if you realize that you need to change the view once you finally see it. This only applies to very large adhoc results however. 90% of the time, the wait time is very short.
Sharon Hess | TrustRadius Reviewer

Workday Adaptive Planning

  • When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section.
  • Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation.
  • You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.
Brian Kyslinger | TrustRadius Reviewer

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 | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.0
Based on 34 answers
The tools is powerful for planning and reporting purposes, but also very easy to use for non-financial end-users. Team members have expressed how happy they are with the application and the ability we've given them to make their work lives more efficient.
Brad MacDonald | TrustRadius Reviewer

Usability

Prophix

Prophix 8.2
Based on 22 answers
Prophix is necessarily complex because it is a very flexible tool that can be used to solve just about any data analysis or reporting need. There is always a disconnect between the initial presentation of a software product and actual implementation and use. Be sure to allocate the necessary investment in time and money for consulting help and user training.
William Van Hulzen | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 7.4
Based on 79 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak | TrustRadius Reviewer

Reliability and Availability

Prophix

Prophix 8.9
Based on 11 answers
We have never had an issue with prophix availability
Joel DeGroat | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 7.0
Based on 10 answers
We can access Adaptive anytime 24/7 from any computer or laptop pc or Mac. They are committed to keep this product up to date and relevant
Harry Vasels | TrustRadius Reviewer

Performance

Prophix

Prophix 7.0
Based on 11 answers
During high peak times revenue and budget forecastings, (50 users in the system) Prophix does struggle during the time. I am usually asking IT once a quarter during the peak times to restart the server because its on overload. I have tried to train my users to use the system at different times, but when everyone waits to the last minute to perform their task Prophix can't keep up.
Angela Barta | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 5 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg | TrustRadius Reviewer

Support Rating

Prophix

Prophix 8.7
Based on 106 answers
Support has been great. We pay for the Continuous Success Package, and it's great to have that level of support, and not worry about going over budget to receive support. Support has always been able to fix my issue or provide the needed guidance. The one thing I wish they would improve, or I would learn how to do, is to be able to get faster response times on support. Generally, I have to schedule something 3-5 days out. That's not always ideal.
Stephen Kirschenmann | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 8.2
Based on 26 answers
Support requests are always handled promptly and resolved favourably.Many user support requests arise during initial deployment and use and often represent questions relating to best methods or how to approach their particular situation, which we gladly assist with as we provide the appropriate skills transfer training and assistance.As clients become more knowledgeable in working with the product suite then they tend not to ask many questions.
Greg Clarke | TrustRadius Reviewer

In-Person Training

Prophix

Prophix 8.2
Based on 2 answers
Very knowledgeable techs
Joel DeGroat | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 8.2
Based on 1 answer
No answer on this topic is available.

Online Training

Prophix

Prophix 8.7
Based on 3 answers
Online training not company specific
Rob Strothkamp | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 8.9
Based on 7 answers
Online webinars provided by Adaptive Insights gave me the opportunity to explore more features in AI and perform my tasks more efficiently.
Lenny Wu, MBA, MA, CPA, CGA | TrustRadius Reviewer

Implementation Rating

Prophix

Prophix 7.3
Based on 10 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

Workday Adaptive Planning

Workday Adaptive Planning 8.9
Based on 30 answers
Be open to working up the plan in a way that leverages the power of the software.

Look to maximise the knowledge transfer early on - the software is very usable. You'll be able to maintain it yourself rather than being hooked to the partner
Lee Hawthorn | TrustRadius Reviewer

Alternatives Considered

Prophix

Compared to Host Analytics and Adaptive, Prophix provides more value for the dollar, especially when we deploy multiple models. Solution set is also comparably built out, so we are not missing any critical functionality. Self-maintenance by finance is also comparable to Host and Adaptive, and much easier compared to SAP and Oracle solutions. (Much more expense both for consulting and license when compared to those last two.)I still think Prophix has a compelling value story. Because the underlying technology is Microsoft, I am not worried that the Prophix functionality/technology will ever lag too far behind anything other larger companies offer, and will certainly stay with any proprietary solutions.
Andreas Loeffler | TrustRadius Reviewer

Workday Adaptive Planning

For us, it came down to Adaptive Insights and Host Analytics. The benefits seemed very comparable. We ultimately decided on Adaptive Insights because it cost less to implement and the time to implement was less compared to Host Analytics. We are VERY happy with our decision to go with Adaptive Insights.
Denise Lewis | TrustRadius Reviewer

Scalability

Prophix

Prophix 7.2
Based on 8 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

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 8 answers
Some aspects of the application are very scalable (formulae, metadata changes, adding/changing users, etc.) while others are less so (dashboards, data integration etc.)
Bob Katz, CMA, CFM, CFP® | TrustRadius Reviewer

Return on Investment

Prophix

  • Cost. In comparing this to Adaptive, Oracle, Host Analytics - this product really stands out from a cost standpoint in being much cheaper and the value (based on features and knowledge transfer from the consultant) pays out over time.
  • Employee productivity. The software definitely solved load time issues and made our reporting process much smoother. We have more time for analytics and spending a lot less time on data validation.
Brandon Russell | TrustRadius Reviewer

Workday Adaptive Planning

  • We use Adaptive Planning as our main budgeting software. Adaptive is always releasing new features to improve the functionality, and this makes working it is much more efficient.
  • Adaptive has many resources to help you use Adaptive. However, not many answers can be found on Google.
Samantha Monastra | TrustRadius Reviewer

Screenshots

Pricing Details

Prophix

General

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

Workday Adaptive Planning

General

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

* per seat, per installation

Rating Summary

Likelihood to Recommend

Prophix
9.5
Workday Adaptive Planning
7.4

Likelihood to Renew

Prophix
10.0
Workday Adaptive Planning
9.0

Usability

Prophix
8.2
Workday Adaptive Planning
7.4

Reliability and Availability

Prophix
8.9
Workday Adaptive Planning
7.0

Performance

Prophix
7.0
Workday Adaptive Planning
9.1

Support Rating

Prophix
8.7
Workday Adaptive Planning
8.2

In-Person Training

Prophix
8.2
Workday Adaptive Planning
8.2

Online Training

Prophix
8.7
Workday Adaptive Planning
8.9

Implementation Rating

Prophix
7.3
Workday Adaptive Planning
8.9

Scalability

Prophix
7.2
Workday Adaptive Planning
9.1

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