What users are saying about
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Top Rated
219 Ratings
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Top Rated
301 Ratings

Prophix

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Top Rated
219 Ratings
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Score 8.7 out of 100

Workday Adaptive Planning

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Top Rated
301 Ratings
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Score 8.2 out of 100

Feature Set Ratings

  • Prophix ranks higher in 3 feature sets: Ad-hoc Reporting, Report Output and Scheduling, Access Control and Security
  • Workday Adaptive Planning ranks higher in 6 feature sets: Data Discovery and Visualization, Budgeting, Planning, and Forecasting, Consolidation and Close, Financial Reporting and Compliance, Analytics and Reporting, Integration
  • Prophix and Workday Adaptive Planning are tied in 1 feature set: Mobile Capabilities

Ad-hoc Reporting

8.5

Prophix

85%
8.0

Workday Adaptive Planning

80%
Prophix ranks higher in 2/4 features

Drill-down analysis

8.9
89%
48 Ratings
9.0
90%
1 Rating

Formatting capabilities

8.0
80%
46 Ratings
7.0
70%
1 Rating

Report sharing and collaboration

8.6
86%
45 Ratings
8.0
80%
1 Rating

Integration with R or other statistical packages

N/A
0 Ratings
8.0
80%
1 Rating

Report Output and Scheduling

8.5

Prophix

85%
8.0

Workday Adaptive Planning

80%
Prophix ranks higher in 3/3 features

Publish to PDF

8.9
89%
41 Ratings
8.0
80%
1 Rating

Report Versioning

8.0
80%
30 Ratings
8.0
80%
1 Rating

Report Delivery Scheduling

8.7
87%
37 Ratings
8.0
80%
1 Rating

Data Discovery and Visualization

7.6

Prophix

76%
7.7

Workday Adaptive Planning

77%
Workday Adaptive Planning ranks higher in 3/3 features

Predictive Analytics

7.6
76%
14 Ratings
8.0
80%
1 Rating

Pre-built visualization formats (heatmaps, scatter plots etc.)

N/A
0 Ratings
7.0
70%
1 Rating

Location Analytics / Geographic Visualization

N/A
0 Ratings
8.0
80%
1 Rating

Access Control and Security

9.1

Prophix

91%
9.0

Workday Adaptive Planning

90%
Prophix ranks higher in 3/3 features

Multi-User Support (named login)

9.2
92%
43 Ratings
9.0
90%
1 Rating

Role-Based Security Model

9.2
92%
44 Ratings
9.0
90%
1 Rating

Multiple Access Permission Levels (Create, Read, Delete)

9.1
91%
46 Ratings
9.0
90%
1 Rating

Mobile Capabilities

8.5

Prophix

85%
8.5

Workday Adaptive Planning

85%
Workday Adaptive Planning ranks higher in 2/3 features

Responsive Design for Web Access

8.5
85%
21 Ratings
8.0
80%
1 Rating

Mobile Application

N/A
0 Ratings
8.0
80%
2 Ratings

Dashboard / Report / Visualization Interactivity on Mobile

N/A
0 Ratings
10.0
100%
1 Rating

Budgeting, Planning, and Forecasting

8.7

Prophix

87%
8.8

Workday Adaptive Planning

88%
Workday Adaptive Planning ranks higher in 4/5 features

Long-term financial planning

8.3
83%
122 Ratings
8.6
86%
152 Ratings

Financial budgeting

9.2
92%
143 Ratings
8.9
89%
162 Ratings

Forecasting

8.9
89%
137 Ratings
9.2
92%
157 Ratings

Scenario modeling

8.1
81%
116 Ratings
8.4
84%
150 Ratings

Management reporting

9.0
90%
143 Ratings
9.0
90%
162 Ratings

Consolidation and Close

7.7

Prophix

77%
8.0

Workday Adaptive Planning

80%
Workday Adaptive Planning ranks higher in 4/7 features

Financial data consolidation

9.1
91%
99 Ratings
8.9
89%
96 Ratings

Journal entries and reports

8.2
82%
60 Ratings
8.4
84%
64 Ratings

Multi-currency management

7.1
71%
44 Ratings
7.9
79%
75 Ratings

Intercompany Eliminations

6.9
69%
53 Ratings
7.6
76%
56 Ratings

Minority Ownership

5.6
56%
20 Ratings
7.5
75%
31 Ratings

Local and consolidated reporting

8.6
86%
83 Ratings
7.9
79%
88 Ratings

Detailed Audit Trails

8.2
82%
64 Ratings
7.5
75%
110 Ratings

Financial Reporting and Compliance

7.9

Prophix

79%
8.5

Workday Adaptive Planning

85%
Prophix ranks higher in 3/5 features

Financial Statement Reporting

9.0
90%
127 Ratings
8.8
88%
136 Ratings

Management Reporting

9.1
91%
138 Ratings
8.4
84%
149 Ratings

Excel-based Reporting

8.7
87%
124 Ratings
9.0
90%
148 Ratings

Automated board and financial reporting

8.4
84%
104 Ratings
8.4
84%
128 Ratings

XBRL support for regulatory filing

4.5
45%
2 Ratings
8.0
80%
25 Ratings

Analytics and Reporting

7.6

Prophix

76%
8.3

Workday Adaptive Planning

83%
Workday Adaptive Planning ranks higher in 5/6 features

Personalized dashboards

8.8
88%
112 Ratings
8.4
84%
107 Ratings

Color-coded scorecards

7.7
77%
82 Ratings
7.9
79%
87 Ratings

KPIs

7.6
76%
87 Ratings
8.8
88%
101 Ratings

Cost and profitability analysis

7.1
71%
91 Ratings
8.7
87%
105 Ratings

Key Performance Indicator setting

7.3
73%
73 Ratings
8.3
83%
89 Ratings

Benchmarking with external data

7.0
70%
47 Ratings
7.9
79%
61 Ratings

Integration

8.2

Prophix

82%
8.4

Workday Adaptive Planning

84%
Workday Adaptive Planning ranks higher in 2/3 features

Flat file integration

8.1
81%
108 Ratings
8.5
85%
111 Ratings

Excel data integration

8.4
84%
121 Ratings
8.2
82%
138 Ratings

Direct links to 3rd-party data sources

8.2
82%
101 Ratings
8.5
85%
105 Ratings

BI Standard Reporting

Prophix

Feature Set Not Supported
N/A
9.3

Workday Adaptive Planning

93%
Workday Adaptive Planning ranks higher in 3/3 features

Pixel Perfect reports

N/A
0 Ratings
9.0
90%
1 Rating

Customizable dashboards

N/A
0 Ratings
10.0
100%
1 Rating

Report Formatting Templates

N/A
0 Ratings
9.0
90%
1 Rating

Attribute Ratings

  • Prophix is rated higher in 7 areas: Likelihood to Recommend, Likelihood to Renew, Availability, Performance, Support Rating, In-Person Training, Vendor post-sale
  • Workday Adaptive Planning is rated higher in 7 areas: Usability, Online Training, Implementation Rating, Configurability, Ease of integration, Product Scalability, Vendor pre-sale

Likelihood to Recommend

8.9

Prophix

89%
166 Ratings
8.7

Workday Adaptive Planning

87%
195 Ratings

Likelihood to Renew

10.0

Prophix

100%
16 Ratings
7.9

Workday Adaptive Planning

79%
37 Ratings

Usability

8.6

Prophix

86%
38 Ratings
8.8

Workday Adaptive Planning

88%
98 Ratings

Availability

9.8

Prophix

98%
31 Ratings
6.4

Workday Adaptive Planning

64%
20 Ratings

Performance

9.2

Prophix

92%
31 Ratings
9.1

Workday Adaptive Planning

91%
10 Ratings

Support Rating

8.3

Prophix

83%
202 Ratings
8.1

Workday Adaptive Planning

81%
44 Ratings

In-Person Training

8.6

Prophix

86%
9 Ratings
8.2

Workday Adaptive Planning

82%
1 Rating

Online Training

8.2

Prophix

82%
10 Ratings
9.1

Workday Adaptive Planning

91%
7 Ratings

Implementation Rating

9.0

Prophix

90%
27 Ratings
9.4

Workday Adaptive Planning

94%
57 Ratings

Configurability

8.8

Prophix

88%
9 Ratings
9.1

Workday Adaptive Planning

91%
4 Ratings

Ease of integration

8.1

Prophix

81%
21 Ratings
9.1

Workday Adaptive Planning

91%
3 Ratings

Product Scalability

8.5

Prophix

85%
18 Ratings
9.1

Workday Adaptive Planning

91%
8 Ratings

Vendor post-sale

8.8

Prophix

88%
16 Ratings
8.2

Workday Adaptive Planning

82%
3 Ratings

Vendor pre-sale

8.9

Prophix

89%
15 Ratings
9.1

Workday Adaptive Planning

91%
3 Ratings

Likelihood to Recommend

Prophix Software

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.
Read full review

Workday

Compassion as a Non Profit provides funds to partners for Child Support. Workday Adaptive Planning can help the Partner to Provide the expense information monthly so their fund allocation can be approved for disbursement. This way the Field Officers do not have to collect the data in excel for review and approval before loading it into the current system before disbursement is done.
Read full review

Pros

Prophix Software

  • 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.
Read full review

Workday

  • 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.
Read full review

Cons

Prophix Software

  • 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
Read full review

Workday

  • 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.
Read full review

Pricing Details

Prophix

Starting Price

Editions & Modules

Prophix editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    Optional

    Additional Details

    Pricing Info

    Workday Adaptive Planning

    Starting Price

    Editions & Modules

    Workday Adaptive Planning editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      Optional

      Additional Details

      Pricing Info

      Likelihood to Renew

      Prophix Software

      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
      Read full review

      Workday

      For one we're in way too deep to not move forward with Adaptive. We're integrated with Workday, we do a ton of reporting with Adaptive, and it's working very well for planning and forecasting. No reason to look back or change course.
      Read full review

      Usability

      Prophix Software

      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
      Read full review

      Workday

      Workday Adaptive Planning has detailed online help with both articles and videos that are comprehensive. It has a lot of similarities to Excel, which most finance people are already familiar with, plus the user interface is intuitive and easy to pick up. The online support team is quick to respond and very knowledgeable.
      Read full review

      Reliability and Availability

      Prophix Software

      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
      Read full review

      Workday

      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.
      Read full review

      Performance

      Prophix Software

      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.
      Read full review

      Workday

      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.
      Read full review

      Support Rating

      Prophix Software

      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!
      Read full review

      Workday

      Whenever we have had any questions, issues, or concerns, the support has been quick and thorough. [This] allow[s] us to be able to fully resolve any issues, or be connected with the right group quickly to attain the result we were after; be it from simple formatting to adding new detailed reporting.
      Read full review

      In-Person Training

      Prophix Software

      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.
      Read full review

      Workday

      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.
      Read full review

      Online Training

      Prophix Software

      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.
      Read full review

      Workday

      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.
      Read full review

      Implementation Rating

      Prophix Software

      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.
      Read full review

      Workday

      Trust the expertise of very strong 3rd party implementers. Having deployed Adaptive at a separate company before, I thought I knew it all (hubris, I know). Fortunately, I began to (very quickly) trust the judgment of our Carlson implementation team, and they provided invaluable insights and best-in-class processes that have benefitted me and my team greatly.
      Read full review

      Alternatives Considered

      Prophix Software

      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.
      Read full review

      Workday

      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.
      Read full review

      Scalability

      Prophix Software

      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.
      Read full review

      Workday

      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
      Read full review

      Return on Investment

      Prophix Software

      • 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.
      Read full review

      Workday

      • 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.
      Read full review

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