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.
While Prophix has several helpful features, it does have some limitations.
Prophix software kept their pricing information private, but sources say the platform matches the industry average.
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.
Cube is the first spreadsheet-native FP&A software. Cube helps finance teams accelerate financial consolidation, financial analysis, data management, financial planning processes, financial modeling, and management reporting.
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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NetSuite doesn’t provide pricing on its website and suggests organizations reach out for custom pricing. However, customers and reviewers have reported that NetSuite costs include a $999/month licensing fee and an additional $99/month for each user.
Note that licensing costs can vary by country, how many modules you include in your plan, subsidiaries, and partial users.
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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Sage Intacct does not publicly disclose pricing information on its website. Sources note that the pricing for their products can vary between $15,000 and $60,000 depending on the plan.
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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FreshBooks offers four tiers of pricing:
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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Canopy offers five pricing options:
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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Jirav offers three levels of pricing:
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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Jedox does not list its pricing plans, but sources estimate that the starter plan starts at $160 per month.
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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Vena Solutions doesn’t list its prices, but sources say the software costs more than the industry average.
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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Anaplan offers three plans, but prices are not listed on its website. Sources estimate between $30,000 and $50,000 depending on project needs.
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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Planful does not list its pricing online but reviewers say the software costs more than the market average.
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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Workday Adaptive Planning keeps its pricing information private, but sources estimate that a basic plan costs $15,000 depending on organizational needs.
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 & 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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Board’s pricing depends on the business size, the number of licenses, and custom needs. However, sources report that Board costs less than the average market price.
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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According to reviews, Solvers' starting price is $6,888 per year.
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 & 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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Centage Planning Maestro offers three levels of pricing:
The exact prices for each plan are not listed on Centage’s website, but sources estimate that plans start at $10,000/year.
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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BlackLine offers three plans but does not list pricing information. Sources say their prices are 26% to 42% more expensive than the average product in the market.
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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Although pricing info was not listed on the website, sources estimate that OneStream’s base plan costs $150,000.
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, and offers more flexibility.
With Cube, you can easily connect and integrate your data sources, create custom dashboards and reports, and improve your budgeting, forecasting, and FP&A processes. Cube works for organizations of all sizes and natively integrates with Google Sheets and Excel so finance teams can work exactly where they’re used to.
It's the best Prophix alternative for the modern business CFO looking for the power of an enterprise calculation engine but in the familiar environment of Excel.
If you’re looking for the right software to accelerate all of your FP&A needs, book a free demo with Cube today.