Prophix is a financial planning and analysis software designed to help organizations streamline their budgeting, forecasting, and reporting processes. This helps provide real-time visibility into the financial performance of the organization.
It can manage financial data, create and analyze financial models, and generate reports and dashboards that help organizations with informed decision-making.
Some Prophix benefits include:
"The amount of features are the biggest pros to this software." - verified user
"No matter who I’ve interacted with, whether from sales, onboarding, support, or programming, ALL of them have been patient, kind, and professional." - verified user
”Prophix is user-friendly and intuitive enough for the non-tech savvy end user” - verified user
While Prophix has several helpful features, it does have some limitations.
“Implementation was a long process and I don't believe it was handled correctly with my team, as most team members were not involved in the implementation.” - verified user
“Some steps can take a long time for the report to load. Some reports may be very difficult to build.” - verified user
“When it comes to building dashboards, there are some issues with graphics and filtering options.” - verified user
“Users are required to find creative ways to reduce the processing time, which can lead to increased manual work required.” - verified user
“Sometimes we have issues with integration that halt our reporting.” - verified user
Prophix software keeps their pricing information private, but sources say the platform is relatively high.
If you’re a current Prophix user looking for an alternative—or are just conducting thorough FP&A software research—here are some of the best platform options to consider.
1. Cube: Financial planning and analysis solution for spreadsheet lovers
Cube is a first-of-its-kind FP&A software platform that allows you to automate, actualize, and control data with the click of a button. Integrated spreadsheets currently in your business model can be transformed into usable data allowing financial teams to avoid busy work and focus on analysis and growth.
Cube empowers FP&A and accounting teams to streamline audit processes and acquire meaningful data insights through robust real-time reporting alongside seamless integrations with other HR, CRM, and ERP tools.
In addition to its powerful data visualization and analysis capabilities, Cube makes it easy to collaborate and share reports and numbers. Imagine a world where budget owners have real-time vendor-level details at their fingertips in the Google Sheets they already use to budget: that's only scratching the surface of what Cube can do.
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NetSuite is a set of integrated cloud-based applications for ERP and financials, HR, CRM, inventory and order management, eCommerce, project management, and more.
While several companies specialize in one aspect of business management software such as CRM or ERP, the platform offers a comprehensive financial management solution with a deep set of tools and features.
NetSuite is one of Cube’s most popular accounting and finance integrations. Cube connects with NetSuite and then can import, clean, and manage data so you can work with it in Excel or Google Sheets.
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Pricing: Netsuite pricing is not publicly available
Sage Intacct is a cloud-based ERP software that helps businesses of all sizes manage their day-to-day finance-related activities. It simplifies and facilitates a wide range of bookkeeping, accounting, and financial tasks. Customers have access to interactive reports and dashboards with real-time performance monitoring.
Sage is designed for teams between 10 to 200 in size. It’s also most suitable for distribution, manufacturing, and professional services, but finance teams in most industries can customize the software for their needs.
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Pricing: Sage Intacct pricing is not publicly available
FreshBooks is a web-based accounting solution that helps users set up automated invoicing, online payment options, and late payment reminders. Freshbooks also monitors team productivity with time tracking and collaborative project tools.
It serves various industries, such as marketing, legal services, business consulting, trades, home services, and information technology, but primarily caters to small businesses.
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Canopy is a cloud-based practice management and tax resolution platform designed for accounting firms, tax attorneys, enrolled agents, and other professionals. Its integrated suite of tools helps streamline operations for users.
Canopy has a mobile app that allows clients to share files securely, complete case task lists, e-sign documents, view invoices, and make payments directly from the application. The app is compatible with both iOS and Android devices.
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Jirav is a business planning and analytics platform. It provides users with a suite of tools to help automate their financial planning and forecasting processes. The platform helps users create detailed cash flow models and comprehensive forecasts for up to five years in the future. Jirav users can also generate reports, track business performance, and identify areas for performance improvement.
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Jedox is an integrated planning solution designed to help companies to build models of their operations and monitor performance in real-time using predictive analytics and artificial intelligence (AI).
Jedox integrates data from multiple sources, executes scenario modeling, and centralizes cross-organizational plans across business systems.
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Pricing: Pricing is not publicly available
Vena Solutions automates tasks and centralizes employees, departments, and processes into a single system. Vena helps teams maintain data integrity and security to protect organizations and users on finance and operations teams.
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Pricing: Pricing is not publicly available
Anaplan is a cloud-based business-planning tool for sales, finance, and operations. Its hyperblock technology allows a single modeling environment to handle large models.
Anaplan's platform creates a collaboration hub for cross-functional planning and allows for real-time modeling and calculation, as well as central data storage and application cataloging.
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Pricing: Pricing is not publicly available
Planful is a private company backed by Vector Capital. The cloud-based platform offers a comprehensive solution to streamline business planning, budgeting, consolidations, reporting, and visual analytics across departments.
Planful enables businesses to improve cycle times, productivity, and accuracy across the FP&A process.
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Pricing: Pricing is not publicly available
Workday Adaptive Planning is a web-based system designed similar to Excel that was built to streamline budgeting, forecasting, and reporting. Workday doesn’t require extra software or hardware purchases since it’s delivered through the cloud.
The company offers specific solutions to cover financial planning, workforce planning, and sales planning. These financial tools promote collaboration across the enterprise without manual, error-prone spreadsheets or inflexible, clunky legacy systems. Adaptive Planning for finance is an enterprise performance management solution.
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Pricing: Pricing is not publicly available
Read our full review here: Anaplan vs Adaptive vs Planful vs Vena vs Datarails vs Cube
Board is an intelligent planning platform offering budgeting, planning, and forecasting. Board provides BI and predictive analytics capabilities that simplify operations execution and results tracking. The software helps companies manage and control their planning process from goal setting to operational execution in one environment.
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Pricing: Pricing is not publicly available
Solver is a CPM (corporate performance management) platform based on the Microsoft platform. It caters to businesses of all sizes across various industries and can be deployed either in the cloud or on-premise.
Solver comes with pre-built integrations to several ERPs. It offers both real-time and data warehouse-based reporting, as well as both multi-company and multi-currency reporting.
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Pricing: Pricing is not publicly available
Centage Planning Maestro is a cloud-based platform that provides detailed financial insights to businesses. It enables businesses to create budgets and track their performance. Users can monitor their company's GAAP compliance by synchronizing the profit and loss statement, balance sheet, and cash flow information, enabling a long-term view of their financial health.
Planning Maestro provides 40 pre-constructed and GAAP/IFRS-compliant reports that can be customized to suit any data reporting style.
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Pricing: Pricing is not publicly available
BlackLine’s automated accounting process provides a cloud-based solution for account reconciliations, transaction matching, and journal entry management. Its advanced features include intercompany processing, approval workflows, open-item tracking for full transparency into the system’s activities, audit trails, and regulatory compliance.
Blackline allows accountants to manage multiple transactions, and track and generate custom reports. The task management feature gives managers complete control over employee access rights, job assignments, and progress tracking.
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Pricing: Pricing is not publicly available
OneStream provides a finance platform that reduces the complexity of financial operations. OneStream unifies corporate performance management (CPM) processes such as planning, financial close and consolidation, reporting, and analytics in a single solution. It allows teams to spend less time dealing with data integration and system maintenance.
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Pricing: Pricing is not publicly available
Datarails is an FP&A software that automates financial reporting, data consolidation, and planning processes. It is aimed at finance teams that rely on Excel but need more robust reporting capabilities. The platform leverages Excel for real-time data analysis, scenario modeling, and AI-driven insights.
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Pricing: Pricing is not publicly available
IBM Planning Analytics is an AI-infused FP&A platform that helps organizations streamline and enhance their financial planning, forecasting, and reporting processes. Powered by the TM1 in-memory database, it allows users to analyze large volumes of data in real time and generate insights for business decisions. The platform integrates with existing Excel forms.
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SAP Analytics Cloud is a cloud-based financial software that combines BI, planning, and predictive analytics into a single platform. It offers capabilities such as real-time data visualization, financial planning, and AI-driven insights. The platform integrates with SAP applications like SAP S/4HANA, allowing users to access, analyze, and act on data across their organization.
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Pricing: Pricing is not publicly available
Oracle Fusion Cloud EPM is a cloud-based platform that enables organizations to model, plan, and streamline financial operations across finance, HR, supply chain, and sales. It supports long-term financial planning, budgeting, forecasting, and financial consolidation. The platform can also integrate with other Oracle Cloud applications.
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Pricing: Pricing is not publicly available
Workiva is a platform that streamlines financial reporting, ESG, audit, and risk. It’s designed to help organizations connect data, documents, and teams in a unified environment. Workiva is built to be regulation-friendly from the start.
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Pricing: Pricing is not publicly available
While Prophix is a robust FP&A platform, some current (and prospective) customers are looking for a solution that’s easier to implement, straightforward to use, with more flexibility.
Cube offers a powerful and user-friendly platform that seamlessly integrates with your existing tools.