Prophix

Founded in Canada in 1987, Prophix began as a software distributor implementing financial applications. In the year 2000, the organization released its own performance management software, also called Prophix, recognizing the market’s need for innovative planning and reporting systems. Today, Prophix has more than 250 employees worldwide and over 3,000 customers in more than 100 countries, covering all company sizes and industries. Prophix customers mainly come from North America, while approximately 350 are located in Europe.

Prophix is a unified corporate performance management solution that delivers insight into finance, operations and business performance with a focus on business user experience and ease of use to streamline model and process management. The product can be used for budgeting, forecasting, reporting and analysis, operational planning, personnel planning, revenue planning, project planning and financial consolidations. Reports, plans, budgets and forecasts can also be pushed to PowerPoint, Word or PDF through a scheduled process or on demand. Data and metadata in Prophix are stored in Microsoft SQL Server as well as in Analysis Services, the database’s multidimensional component.

The vendor has a strong focus on business departments in mid-size companies with typically 50-100 users per implementation. However, there are much larger implementations as well. Prophix is available on-premises or in the cloud leveraging AWS.

Prophix does not confine itself to any one single planning topic (financials, sales, HR etc.). It can be used to create individual planning applications with capabilities for top-down and bottom-up planning including workflow functions to control planning processes. It contains little predefined business content (e.g., for financial planning). However, some partners do offer predefined content for specific topics and industries. Planning forms, like reports, are created in an Excel-like environment in Prophix. An installed Windows client, an HTML5 web client and an Excel add-in are available as front ends to enter plan data or to work with reports, analyses and dashboards.

Besides planning, Prophix also provides comprehensive capabilities for BI and analytics. Standard reporting in a formatted and (if required) print-oriented way is supported, as are ad hoc queries based on OLAP methodologies (drill functionality, slice and dice, pivoting, etc.). Standard business graphics, as well as more advanced chart types, are available for visualizing data (e.g., in management cockpits or dashboards).

User & Use Cases

Besides planning, customers mainly use Prophix for ad hoc query and reporting (77 percent), standard/enterprise reporting (74 percent), financial consolidation (57 percent), basic data analysis (54 percent) and dashboards/scorecards (53 percent). 64 percent of respondents plan to use it for advanced analysis in the future. Prophix targets mid-sized companies across all industries. 82 percent of our sample of Prophix customers come from mid-sized companies (100-2,500 employees) with a median of 38 users (including 20 using planning functionality), but the mean of 56 users (35 for planning) indicates there are also some larger implementations. 74 percent of Prophix users are planning users – significantly above the survey average of 65 percent – reflecting the fact that Prophix is essentially an integrated planning and CPM tool.

Besides planning, Prophix also provides comprehensive capabilities for BI and analytics. Standard reporting in a formatted and (if required) print-oriented way is supported, as are ad hoc queries based on OLAP methodologies (drill functionality, slice and dice, pivoting, etc.). Standard business graphics, as well as more advanced chart types, are available for visualizing data (e.g., in management cockpits or dashboards).

Current vs. planned use (besides planning)

N=36

Percentage of employees using Prophix

N=38

Planning users (as a percentage of all users)

N=38

Total number of users per company

N=38

Planning users per company

N=38

Company size (number of employees)

N=38

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Prophix

Peer Groups BI-focused products, Flexible planning platforms, North American Vendors
VendorProphix
Number of responses38
ProductProphix
Offices7 offices worldwide in Canada (HQ), United States, Denmark, United Kingdom, Germany and Brazil
Employees> 250
Customers> 3,000
Revenues (2019)Undisclosed
Websitewww.prophix.com