Board is presented as an enterprise planning platform, offered as a solution to accelerate business performance and enable continuous planning with greater forecast accuracy to drive confident, aligned decisions.
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Prophix
Score 8.3 out of 10
Enterprise companies (1,001+ employees)
Prophix One, a Financial Performance Platform, is used to improve the speed and accuracy of decision-making within a harmonized user experience. To reduce complexity and uncertainty, the software offers automated insights and planning, budgeting, forecasting, reporting, and consolidation functionalities.
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Pricing
Board
Prophix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Board
Prophix
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
Optional
Additional Details
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More Pricing Information
Community Pulse
Board
Prophix
Considered Both Products
Board
Verified User
Anonymous
Chose Board
Business problems that Board addresses are & how Board stacks up against them :Difficulty in managing and tracking multiple projects and tasks at the same timeInefficient communication and coordination among team membersLack of visibility into team performance and …
Board platform giving all the services from the lastest update according to our own business requirement. Even It's pricing model is very lower than other platform. We are getting lots of digital data maintaining, reporting, publishing without any kind of highly training course.
We earlier used Planful, which was also a good product but not as good as Board. The backend reporting and analysis of data are top-notch. The reports generated are quick and accurate. Board also offers to learn to upskill the team so that they can use the tool effectively and …
The features and the haslle free UI where any first time user can understand the esay navigation and achieving their business goal. To be brief, the features are very unique and most promising compared to the other application. Providing custom & tailored solutions of business …
Board has been more complete when compared to Anaplan. Although I didn't participate in the buying decision of any of those products I have used both and by far Board just has more features. It's more than a CPM, it's BI and CPM put together. If I had to make a choice now it …
Board is much much easier to setup than compared to Azure Power BI. Power BI also has a lot of challenges around data refresh with their web interface. While talking to support, we were made aware that for full feature-set, we should use the desktop version. Clearly something …
Board is useful in running all under one platform which is advance analytics, creating workflows and allowing users to create customizable dashboard once and using them for longitudinal tracking of Key performance indicators. It can provide tools and applications required to …
Based on your budget and what your inclination is to brand/service reputation, you can always find a different platform that can do more/better for the same/less cost, based on how you seek to find the metrics you want analyzed. It also depends on how your forecasting and …
We selected Board over similar alternatives for its integrated business intelligence and corporate management capabilities. Furthermore, the ability to generate customized real-time reports, benchmark data, and trends were the primary reasons for implementing Board in our …
We check previous reviews of the product and used a trial run of both products in a trial period. Most of our users voted for Board because of the features so our organization chose Board.
1) One of the main reasons we went for Board is that the consultant we hired was confident that it would be a game-changer in terms of financial analytics. He proved to be right. 2) Board has a great user community, so help is something that is always available even if their …
Board is a non-traditional reporting tool. It uses the latest data sciences advances to organize data. Board’s advanced In-memory Server Cluster architecture allows Board server workloads to be shared on a virtually unlimited number of nodes. This functionality ensures full …
Board has a number of flexible and easy tools which are not complicated to get their full performance concepts. Board interface can be customized by all users, Cloud deployment basics are also very simple to any user, and the data insights collection capability which Board …
The Cloud tools and the easy setting of all the Board functionalities via the Cloud deployment are amazing and easy to train on the Board features performance concepts. Board has straightforward business solutions generation capabilities and its intelligent functions are more …
We can not say that IBM system is not good, it is at par with Board. Selection is based on [the] best bid only. While we have used IBM also in [another] place.
These tools are handled for different purposed across the Product Groups however Board has an edge on the getting the best things upfront rather than becoming the jack of all trades. It has highly specific use cases for better Business Analytics and Decision making.
Board tools are well arranged and very accessible by the user. Board capabilities that enable effective Cloud marketing of various business or products are effective and also its data analytics is the best. Board allows reports creation and easy reports distribution among …
The flexibility of the Board features and the [ease] of customization make everything amazing and the ability to model new data models and also the new business is the greatest capability. Board can manage multiple contents through the Cloud and also export different reports …
I have used other budgeting and forecasting tools at different companies, and Prophix is a much easier product to use and implement. I have received better user feedback from Prophix compared to other tools I have used at other companies. Other tools lacked dashboard …
I was not specifically part of the selection process, but it is my understanding that Prophix's security model played a big part in choosing the platform. Gaining efficiencies from processes that were previously done manually in excel was another driving factor. Additionally, a …
I've just recently evaluated FloQast and was very intrigued with their product. Overall review is they don't have a budget/forecasting tool. This is a main piece of our business and doesn't hold up against Prophix.
Prophix was the clear choice when evaluating multiple software applications. The concept of dimensions in Prophix allows the organization to generate reports of any kind and there is no request for a report that we have not been able to create. Having direct budget entry into …
I was not in the selection process; however, after using Adaptive at a former company, I feel Prophix is much easier from the user standpoint (especially for those who don't work in finance). The one pro of a tool like Adaptive, though, is that it is a Workday product so that …
We ultimately chose Prophix for its stronger automation features and direct relationship with CMiC. While Vena offers a similar set of capabilities, we found Prophix to be more intuitive, especially when it comes to creating and managing reports without heavy reliance on Excel. …
We carried out an evaluation with IBM, and some other national software that is not on the list, such as Lever Pro and Allstrategy. For IBM, our main problem was that the software representative wanted to sell something modular, thus losing all the functionality of a "blank …
We felt Prophix was much more flexible than Briq and offered a more solid financial reporting and budgeting package. Briq is more custom built solution-focused. They build solutions to fit your specific needs. The primary reason we went with Prophix is that we wanted something …
Prophix is much more advanced and has more capabilities to Quickbooks. It is more flexible, agile, and creative than these softwares. The automation is really what sets it apart from these type of software. Integrating directly with our ERP is something that is enormously …
I didn't select Prophix for our company, but it does some things very well. It is way easier to set up and maintain than Hyperion and BPC, which require ongoing support from our IT department. Prophix only requires us to involve IT when we need to map new external data or …
We chose Prophix because of their better service, their Canadian presence, cost and overall it seemed a better match to our needs. Workday seemed like it was for bigger companies and came at a higher cost.
I was not apart of the Prophix selection process or the initial implementation. Prophix has been a good tool for us to expand upon and grow and innovate with all of our enhancements. I have not used any other tools like Prophix, but it does have a lot of good features and …
The learning curve to understanding Prophix is far less severe than it has been with other softwares. It requires much less time in order to learn how to be a beginning user and then each progression to deeper levels of understanding is remarkably easy. I appreciate the …
Workday seems as though it had similar features, price point was much higher. We selected Prophix because we had it many years ago before the cloud and several new features.
We compared Prophix with Board and Adaptive Planning. Prophix seemed to be much more user friendly when compared to Board. It was just a more robust product. It did stack very well with Workday Adaptive Planning, but what set them apart was that Prophix has a great …
Prophix works for our business and is flexible enough to work for a number of different types of business. We are able to work with Prophix to develop cubes that record out business needs and supply our budget holders with graphical data to support their reporting needs. The …
While all had similar features at the time of our evaluation, especially from the reporting standpoint. Prophix worked best for our zero-based budgeting model and the level of detail that we were looking to maintain. We also felt it was a better fit for our Dynamics GP …
It's been very good when all departments of the company had to pitch in data/information for a specific business decision. My company had to have input from Marketing, Sales, Engineering, Customer Support, and accounting in order to decide on what kind of development was next needed for our platform.
Prophix is substantially out of the box product to be easy to use but flexible enough to allow for varied business modelling. No technical skills are required to deploy and maintain the solution. Owing to its out of the box nature, departing from Prophix sweet spot e.g. when leveraging transactional data, the solution is not as capable, however this is being addressed by the new Prophix release.
Board makes data summary easy - It makes comprehensive reports with great visuals.
Board makes navigation is easy for users - it has abundant training materials to help you get started.
With Board security is easy to set up and maintain for the organization - the support staff also provides great assistance for implementation and resolves other issues.
Version control; there are issues using the same budget version in multiple years if adding detail (line item detail). What Prophix has explained as a benefit is a huge detriment for us and we've been working with them for 6 months on a fix and it's yet to get resolved
There are certain aspects that a messy; within our budgeting and forecasting detail, we have "unexplained balance" lines that show up that are distracting and add no value.
Lack of a centralized location for content outside of tool; for example, training, help, support, intranet, etc are all separate websites and not easy to get to. I'm not sure why all of this isn't linked to the same account and accessible through the tool. Why should we need separate passwords for everything Prophix?!
Board is a fantastic product for swift BI solution delivery when compared with its peers. Ease of use, support and integration with Microsoft Office Addin open a wide horizon of opportunities for further enhancements to solutions. Easy bespoke app development capabilities make it a winner for us. BOARD is just like a white canvas, it lets you explore your creative side while designing and delivering a solution
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
Overall, Board is easy to use and develop for. Users can quickly get up to speed and begin using with only a small amount of training. Generally, it takes longer to explain the data structure (our customization) than it does to explain the tool itself. The most consistent challenge we run into is hierarchy management. New members have to be mapped to each level of an entity. While there is a "normalization" process, it often fails to map correctly or in rare cases can change custom mapping that was previously set up.
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
The availability in Prophix is relatively good. We have occurred random outages in different versions that wipe out data, which can be brought back. Or we have ran into system wide slowness that impacts all users in the system, but we have been able to get more capacity to supply our performance.
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.
The only time I needed assistance was due to a problem in the prints: the colors of the brochures as they were on the screen were not reproduced in the print, but a series of standard colors were reproduced. This fact made colored numbers on a colored background illegible. From the assistance they confirmed that it was a problem of version 10.2 that occurred when leaving the brochures with the default colors proposed by Board. To obtain the desired colors, they had to be personalized ... I didn't like the solution very much and the technician who recommended it didn't like me either, but they would have solved the problem with the following versions. In any case, the assistance was quick and effective even if not exactly efficient.
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!
Board is fairly simple and straight forward. Advance training on workflows and procedures is a good one but the training content only touches through the interesting areas. training content needs to cover a few areas more in-depth
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.
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.
The problem of user profiling in our context is certainly quite complex. The complexity is given by the fact that the company is divided territorially into logistic points of sale, but at the same time they are virtually divided into divisions (or specific implementation areas) and points of sale of competence. The same operator can have access to data at different logistic sales points, sales points of competence and divisions.
Planning, planning, planning. Prophix will send you some Excel spreadsheets ahead of implementation. If those spreadsheets are complete, implementation will be smooth. Also, set aside some time during implementation to work with the Prophix staff and ask lots of questions. The knowledge they share is invaluable.
We earlier used Planful, which was also a good product but not as good as Board. The backend reporting and analysis of data are top-notch. The reports generated are quick and accurate. Board also offers to learn to upskill the team so that they can use the tool effectively and collaborate.
I have used other budgeting and forecasting tools at different companies, and Prophix is a much easier product to use and implement. I have received better user feedback from Prophix compared to other tools I have used at other companies. Other tools lacked dashboard capabilities and account reconciliations.
I gave Prophix a 10 on scalability because we currently deploy the solution to department heads across our entire organization and never have any issues with those individuals using or accessing the system to look at their financial information within premade templates . They currently enter budgets and review reports within the system currently. The only issue is they cannot typically use the ad hoc functionality because that would require higher level licenses that cost more and it is not worth it to give them more costly licenses since they really aren't working in the system quite like the robust finance users
With effective financial analysis and planning and using Board, we were able to see a +18% QoQ revenue increase consistently for seven months straight
Using Board Dashboards, the senior management was able to better & clearly understand the financial position of the company at a given time and take better strategic decisions
Prophix has made it possible to move away from some Excel reporting we were doing, which allows for 50% quicker reporting on a monthly basis.
Although it has saved us time, an improved PowerPoint feature that automatically updates our decks would save an additional 75% on top of what we already do.
Our Board Reporting has improved by 10 hours by moving our reports fully into Prophix.
