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IBM Cognos Controller vs Prophix comparison

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IBM Cognos Controller
Read 2 IBM Cognos Controller reviews
258 views|109 comparisons
100% willing to recommend
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Prophix
Read 10 Prophix reviews
205 views|117 comparisons
100% willing to recommend
Comparison Buyer's Guide
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Buyer's Guide
Financial Close Software
April 2024
Executive Summary

We performed a comparison between IBM Cognos Controller and Prophix based on real PeerSpot user reviews.

Find out what your peers are saying about Blackline, Workiva, Oracle and others in Financial Close Software.
To learn more, read our detailed Financial Close Software Report (Updated: April 2024).
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770,765 professionals have used our research since 2012.
Featured Review
Pauli Leppänen
A tool useful for areas like reporting and group consolidation
Anonymous User
​Areas where you load your CapEx still need a lot of improvements however, it is easy to build a report.
* The products are linked to operational software (SAP) through an ODBC connection, so uploading the data is just on the click of a button *... Read more →
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pricing and Cost Advice
  • "The product is expensive, but compared to its other alternatives in the market, I feel that IBM Cognos Controller is a reasonably priced tool."

    • More IBM Cognos Controller Pricing and Cost Advice →

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    Questions from the Community
    What do you like most about IBM Cognos Controller?
    Top Answer:The most valuable feature of the solution stems from the fact that it is a properly working solution... The functionalities and package offered by the product seem to be the right fit for our company.
    Read all 2 answers   →
    What needs improvement with IBM Cognos Controller?
    Top Answer:IFRS 16 functionality is something that is not embedded in IBM Cognos Controller. My company uses a good built-in functionality in the tool, which was made by our support partner. IBM Cognos… more »
    Read all 2 answers   →
    What is your primary use case for IBM Cognos Controller?
    Top Answer:I use the solution for reporting and group consolidation.
    Read all 2 answers   →
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    Earn 20 points

    Ranking
    10th
    out of 27 in Financial Close Software
    Views
    258
    Comparisons
    109
    Reviews
    1
    Average Words per Review
    855
    Rating
    8.0
    18th
    out of 27 in Financial Close Software
    Views
    205
    Comparisons
    117
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    Comparisons
    Learn More
    IBM
    PROPHIX
    Overview

    IBM Cognos Controller supports the close, consolidation and reporting process with the agility and affordability of a cloud-based solution. It enables finance teams to automate and accelerate the financial close with minimal IT support. It also helps finance teams deliver financial results, create informative financial and management reports and provide the chief financial officer (CFO) with an enterprise view of key financial ratios and metrics.

    Prophix Software is a leading developer of solutions designed to automate financial processes including budgeting, planning, reporting, analysis, and performance management for the mid-market. Thousands of finance leaders around the world use Prophix to empower their organization and gain greater insight into business performance. Prophix and its partners deliver the best value by combining high end functionality, low total cost of ownership, and the fastest implementations in its class.

    Sample Customers
    Emirates National Oil Company
    Solarcentury, Swan Mill Paper Company, Interstates Companies, First Medical Health Plan, Community Physician Network, AAA Southern New England
    Top Industries
    No Data Available
    VISITORS READING REVIEWS
    Educational Organization39%
    Computer Software Company20%
    Manufacturing Company5%
    Construction Company5%
    Company Size
    No Data Available
    REVIEWERS
    Small Business30%
    Midsize Enterprise30%
    Large Enterprise40%
    VISITORS READING REVIEWS
    Small Business25%
    Midsize Enterprise50%
    Large Enterprise25%
    Buyer's Guide
    Financial Close Software
    April 2024
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    Find out what your peers are saying about Blackline, Workiva, Oracle and others in Financial Close Software. Updated: April 2024.
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    770,765 professionals have used our research since 2012.

    IBM Cognos Controller is ranked 10th in Financial Close Software with 2 reviews while Prophix is ranked 18th in Financial Close Software. IBM Cognos Controller is rated 7.6, while Prophix is rated 8.2. The top reviewer of IBM Cognos Controller writes " A tool useful for areas like reporting and group consolidation". On the other hand, the top reviewer of Prophix writes "​Areas where you load your CapEx still need a lot of improvements however, it is easy to build a report". IBM Cognos Controller is most compared with LucaNet, whereas Prophix is most compared with Planful and Vena.

    See our list of best Financial Close Software vendors.

    We monitor all Financial Close Software reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.