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IBM Planning Analytics vs Prophix comparison

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IBM Planning Analytics

Read 21 IBM Planning Analytics reviews
2,270 views|1,328 comparisons
94% willing to recommend
PROPHIX Logo

Prophix

Read 10 Prophix reviews
383 views|220 comparisons
100% willing to recommend
Comparison Buyer's Guide
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Buyer's Guide
Business Performance Management
March 2024
Executive Summary

We performed a comparison between IBM Planning Analytics and Prophix based on real PeerSpot user reviews.

Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management.
To learn more, read our detailed Business Performance Management Report (Updated: March 2024).
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768,924 professionals have used our research since 2012.
Featured Review
Gnanavel-Chakkarapani
Can easily create dashboards and helps businesses improve forecasting accuracy
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
  • "Our licensing cost is approximately $50,000.00 per year."
  • "The license of this solution is paid annually. Most of my customers choose a license that includes support."
  • "It is a bit expensive, but you get what you are paying for."
  • "IBM Planning Analytics is not the cheapest solution, but it's priced per the market standard for this type of solution. I rate the price at seven out of ten."
  • "I would rate the tool's pricing a nine out of ten since it's expensive."
  • "IBM Planning Analytics is priced well, and licensing costs are yearly."
  • "Compared with the other tools in the market, IBM Planning Analytics is a bit expensive."

    • More IBM Planning Analytics Pricing and Cost Advice →

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    Questions from the Community
    What do you like most about IBM Planning Analytics?
    Top Answer:The product's stability is good.
    Read all 11 answers   →
    What is your experience regarding pricing and costs for IBM Planning Anal...
    Top Answer:The licensing part of the product is good. Every year, there is a need to renew the license. My company also uses multiple functionalities offered under IBM Cognos Analytics for ETL-related purposes… more »
    Read all 8 answers   →
    What needs improvement with IBM Planning Analytics?
    Top Answer:The local authentication part is difficult to manage in the product, making it an area where improvements are required.
    Read all 11 answers   →
    Ask a question

    Earn 20 points

    Ranking
    6th
    out of 41 in Business Performance Management
    Views
    2,270
    Comparisons
    1,328
    Reviews
    4
    Average Words per Review
    325
    Rating
    9.3
    18th
    out of 41 in Business Performance Management
    Views
    383
    Comparisons
    220
    Reviews
    0
    Average Words per Review
    0
    Rating
    N/A
    Comparisons
    Also Known As
    Cognos TM1, IBM Cognos TM1
    Learn More
    IBM
    PROPHIX
    Overview

    IBM Planning Analytics is an integrated planning solution that uses AI to automate planning, budgeting, and forecasting and drive more intelligent workflows.

    Built on TM1, IBM’s powerful calculation engine, this enterprise performance management tool allows you to transcend the limits of manual planning and become the Analytics Hero your business needs. Quickly and easily drive faster, more accurate plans for FP&A, sales, supply chain and beyond.

    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
    ManpowerGroup, Convergys, AIG, Orchard Brands, Citibank, InterGen, Northwestern University, EF Education First, Ironside, Bazan Group, CSOB Insurance, Macquarie Group, Charles Stanley, SATO, Government of Sint Maarten, BMW Financial Services
    Solarcentury, Swan Mill Paper Company, Interstates Companies, First Medical Health Plan, Community Physician Network, AAA Southern New England
    Top Industries
    REVIEWERS
    Computer Software Company25%
    Non Tech Company13%
    Real Estate/Law Firm13%
    Leisure / Travel Company13%
    VISITORS READING REVIEWS
    Educational Organization43%
    Financial Services Firm11%
    Computer Software Company7%
    Manufacturing Company5%
    VISITORS READING REVIEWS
    Educational Organization39%
    Computer Software Company20%
    Manufacturing Company6%
    Construction Company5%
    Company Size
    REVIEWERS
    Small Business58%
    Midsize Enterprise17%
    Large Enterprise25%
    VISITORS READING REVIEWS
    Small Business11%
    Midsize Enterprise47%
    Large Enterprise42%
    REVIEWERS
    Small Business30%
    Midsize Enterprise30%
    Large Enterprise40%
    VISITORS READING REVIEWS
    Small Business26%
    Midsize Enterprise49%
    Large Enterprise25%
    Buyer's Guide
    Business Performance Management
    March 2024
    Download Free Report
    Find out what your peers are saying about Anaplan, Oracle, Jedox and others in Business Performance Management. Updated: March 2024.
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    768,924 professionals have used our research since 2012.

    IBM Planning Analytics is ranked 6th in Business Performance Management with 21 reviews while Prophix is ranked 18th in Business Performance Management. IBM Planning Analytics is rated 8.6, while Prophix is rated 8.2. The top reviewer of IBM Planning Analytics writes "Can easily create dashboards and helps businesses improve forecasting accuracy". 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 Planning Analytics is most compared with SAP Analytics Cloud, Microsoft Power BI, Anaplan, Jedox and IBM Cognos, whereas Prophix is most compared with Planful and Vena.

    See our list of best Business Performance Management vendors.

    We monitor all Business Performance Management 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.