What users are saying about
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Top Rated
207 Ratings
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Top Rated
271 Ratings

Prophix

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Top Rated
207 Ratings
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Score 8.6 out of 100

Workday Adaptive Planning

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Top Rated
271 Ratings
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Score 8.7 out of 100

Likelihood to Recommend

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

Workday Adaptive Planning

Workday Adaptive Planning is extremely well suited to the typical finance budget, forecast, actual reporting cycle and makes it easy to do every monthly forecast at the same level of detail as an annual plan. It takes a lot of pain out of the reconciliation of headcount variances and that type of thing.
Marvin Hartsfield | TrustRadius Reviewer

Feature Rating Comparison

Ad-hoc Reporting

Prophix
7.7
Workday Adaptive Planning
8.0
Drill-down analysis
Prophix
8.1
Workday Adaptive Planning
9.0
Formatting capabilities
Prophix
7.2
Workday Adaptive Planning
7.0
Report sharing and collaboration
Prophix
7.9
Workday Adaptive Planning
8.0
Integration with R or other statistical packages
Prophix
Workday Adaptive Planning
8.0

Report Output and Scheduling

Prophix
8.0
Workday Adaptive Planning
8.0
Publish to PDF
Prophix
8.2
Workday Adaptive Planning
8.0
Report Versioning
Prophix
7.7
Workday Adaptive Planning
8.0
Report Delivery Scheduling
Prophix
8.2
Workday Adaptive Planning
8.0

Data Discovery and Visualization

Prophix
7.2
Workday Adaptive Planning
7.7
Predictive Analytics
Prophix
7.2
Workday Adaptive Planning
8.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
Prophix
Workday Adaptive Planning
7.0
Location Analytics / Geographic Visualization
Prophix
Workday Adaptive Planning
8.0

Access Control and Security

Prophix
8.5
Workday Adaptive Planning
9.0
Multi-User Support (named login)
Prophix
8.5
Workday Adaptive Planning
9.0
Role-Based Security Model
Prophix
8.5
Workday Adaptive Planning
9.0
Multiple Access Permission Levels (Create, Read, Delete)
Prophix
8.6
Workday Adaptive Planning
9.0

Mobile Capabilities

Prophix
8.5
Workday Adaptive Planning
8.5
Responsive Design for Web Access
Prophix
8.5
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

Budgeting, Planning, and Forecasting

Prophix
7.9
Workday Adaptive Planning
8.9
Long-term financial planning
Prophix
8.0
Workday Adaptive Planning
8.6
Financial budgeting
Prophix
9.0
Workday Adaptive Planning
9.3
Forecasting
Prophix
8.3
Workday Adaptive Planning
9.0
Scenario modeling
Prophix
6.2
Workday Adaptive Planning
8.9
Management reporting
Prophix
8.2
Workday Adaptive Planning
8.6

Consolidation and Close

Prophix
7.5
Workday Adaptive Planning
8.4
Financial data consolidation
Prophix
8.5
Workday Adaptive Planning
9.6
Journal entries and reports
Prophix
7.6
Workday Adaptive Planning
7.7
Multi-currency management
Prophix
6.8
Workday Adaptive Planning
8.9
Intercompany Eliminations
Prophix
7.2
Workday Adaptive Planning
8.3
Minority Ownership
Prophix
6.8
Workday Adaptive Planning
8.1
Local and consolidated reporting
Prophix
8.3
Workday Adaptive Planning
9.0
Detailed Audit Trails
Prophix
7.3
Workday Adaptive Planning
7.3

Financial Reporting and Compliance

Prophix
7.6
Workday Adaptive Planning
8.6
Financial Statement Reporting
Prophix
8.2
Workday Adaptive Planning
9.5
Management Reporting
Prophix
8.5
Workday Adaptive Planning
8.1
Excel-based Reporting
Prophix
8.4
Workday Adaptive Planning
8.6
Automated board and financial reporting
Prophix
8.4
Workday Adaptive Planning
8.5
XBRL support for regulatory filing
Prophix
4.5
Workday Adaptive Planning
8.4

Analytics

Prophix
7.8
Workday Adaptive Planning
8.8
Personalized dashboards
Prophix
9.0
Workday Adaptive Planning
8.1
Color-coded scorecards
Prophix
6.7
Workday Adaptive Planning
8.5
KPIs
Prophix
8.1
Workday Adaptive Planning
8.6
Cost and profitability analysis
Prophix
7.7
Workday Adaptive Planning
9.2
Key Performance Indicator setting
Prophix
7.6
Workday Adaptive Planning
8.6
Benchmarking with external data
Prophix
7.6
Workday Adaptive Planning
9.6

Integration

Prophix
7.8
Workday Adaptive Planning
8.5
Flat file integration
Prophix
8.1
Workday Adaptive Planning
9.1
Excel data integration
Prophix
8.1
Workday Adaptive Planning
8.2
Direct links to 3rd-party data sources
Prophix
7.3
Workday Adaptive Planning
8.1

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

Pros

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

Workday Adaptive Planning

  • Version Management. Adaptive lets us manage many versions/scenarios all in one platform with the robust ability to compare them to each other.
  • Processing Performance. With the Elastic Hypercube technology that was implemented a few years back, we can watch changes flow through a complex web of formulas and arrive at an answer within seconds.
  • Audit Trail. Our administrators love the ability to see and report on who made what changes when, which leads to real accountability within the organization.
Warren Sampson | TrustRadius Reviewer

Cons

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

Workday Adaptive Planning

  • It would be beneficial to me, as a user, if there was a library of documentation for every type of feature. This could be something regarding formula building, understanding how attributes work, with examples, or a location for basic and advance documentation on Sheet/Model/Cubes.
  • I would like to have the ability to directly assign some dimensions to accounts easier. A drag and drop feature for that would be interesting. This has been a challenge for me when new dimensions are built and I am unable to assign them to new accounts.
  • I would also like to see some more formulas or an easier way to do some basic tasks. For example a simple YTD function instead of running a simple, yet long string of texts for the formulas. Or the option for selecting YTD features, removing the need of the formula all together.
Anonymous | 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 9.1
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 8.0
Based on 36 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

Workday Adaptive Planning

Workday Adaptive Planning 9.2
Based on 95 answers
We have users in all parts of the business that have access. [Even those who] are not financial individuals love the ease of use while being able to drill down and clearly understand what is happening in their department. All levels of the organization find Workday Adaptive Planning useful for both executive level reporting, financial reviews as well as detailed planning by multiple users.
Dmitry Zaichenko, MBA | TrustRadius Reviewer

Reliability and Availability

Prophix

Prophix 8.5
Based on 29 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

Workday Adaptive Planning

Workday Adaptive Planning 6.4
Based on 20 answers
There haven't been any lately. The only one issue I can think of is when there was an update in Adaptive that altered our reports. Before I realized there was an issue, Adaptive reached out to let me know, so that it could be fixed.
Anonymous | TrustRadius Reviewer

Performance

Prophix

Prophix 7.9
Based on 29 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

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 10 answers
All aspects of Adaptive Insights perform well. One area that I wish was quicker was integration. When importing data from Intacct our accounting ERP platform, it can sometimes take 4 hours for the import to process. The earlier imports are done, the quicker they complete. My estimate for a quick upload is about two hours.
Jaynee Tolle | TrustRadius Reviewer

Support Rating

Prophix

Prophix 9.1
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

Workday Adaptive Planning

Workday Adaptive Planning 8.3
Based on 42 answers
The online support for Workday Adaptive Planning is very helpful. I go there at least once a week to find answers to questions and they’re usually very easy to find. If i’m unsuccessful in finding the answer, I email Workday Adaptive Planning support and they’re quick to answer, willing to help, and provide great clarity on the answer if you need it.
Anonymous | TrustRadius Reviewer

In-Person Training

Prophix

Prophix 8.3
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

Workday Adaptive Planning

Workday Adaptive Planning 8.2
Based on 1 answer
Our 3rd party vendor walked us through the whole process and was available for questions after we started using the Adaptive Insights. I would suggest using the online training environment plus an individual walk through of your company's model to get more acquainted with the instance. There were also on-line tutorials to help us along the way.
Jaynee Tolle | TrustRadius Reviewer

Online Training

Prophix

Prophix 8.2
Based on 8 answers
not very detailed but good enough if you have prior experience it is great.. The pros for training online you can go over and over again to make sure that you get it however it is very general and sometimes you miss few things should be done in the company's site with in house training.
Narine Chalumyan MBA | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 7 answers
The training program in Adaptive Insight has grown quite a bit, since I originally implemented in Adaptive Insights. I would now give it a 10 rating and suggest that anyone implementing for the first time work through the certification program. The certification program is a very detailed in depth primer to understanding how the system works.
Jaynee Tolle | TrustRadius Reviewer

Implementation Rating

Prophix

Prophix 7.4
Based on 26 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 9.1
Based on 45 answers
In our experience the Adaptive Suite is quick and easy to deploy. Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer. When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget
Greg Clarke | TrustRadius Reviewer

Alternatives Considered

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

Workday Adaptive Planning

After researching several CPM products, Adaptive and Prophix actually both met our needs quite well. The Adaptive Sales & Design Team went above and beyond in the early stages of exploring whether Adaptive could meet some of our very specific needs. Adaptive's customer service during the exploration phase was noticeably present. We chose Adaptive and a vendor in our local area to implement. Budget Maestro seemed to require more IT resources than what we desired to invest. Vena Solutions was a bit pricey from our perspective and Xlerant didn't quite have what we were looking for in a budgeting tool.
Limin Kinsey, CPA, CFE | TrustRadius Reviewer

Scalability

Prophix

Prophix 8.3
Based on 16 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
We went from 2 users to 70+ users over a 2 year period of time. The application scaled wonderfully. 65 of those users were non-finance users so they were able to quickly learn the software and prepare budgets quickly and efficiently. That is the power of Adaptive and its ability to scale
Anonymous | TrustRadius Reviewer

Return on Investment

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

Workday Adaptive Planning

  • We are seeing more and more how Adaptive can go beyond financial metrics and cross into operational metrics. As we work with other departments in the business, we are working hard to make Adaptive the system of record when it comes to KPI reporting and measuring.
Mark McConkie | TrustRadius Reviewer

Screenshots

Pricing Details

Prophix

General

Free Trial
Yes
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
8.9
Workday Adaptive Planning
8.5

Likelihood to Renew

Prophix
10.0
Workday Adaptive Planning
9.1

Usability

Prophix
8.0
Workday Adaptive Planning
9.2

Reliability and Availability

Prophix
8.5
Workday Adaptive Planning
6.4

Performance

Prophix
7.9
Workday Adaptive Planning
9.1

Support Rating

Prophix
9.1
Workday Adaptive Planning
8.3

In-Person Training

Prophix
8.3
Workday Adaptive Planning
8.2

Online Training

Prophix
8.2
Workday Adaptive Planning
9.1

Implementation Rating

Prophix
7.4
Workday Adaptive Planning
9.1

Scalability

Prophix
8.3
Workday Adaptive Planning
9.1

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