Prophix vs Board

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Our analysts compared Prophix vs Board based on data from our 400+ point analysis of EPM Software, user reviews and our own crowdsourced data from our free software selection platform.

Board Software Tool

Product Basics

Prophix is a cloud-based corporate performance management software that helps with budgeting, forecasting, planning and reporting. A spreadsheet-style interface organizes information and allows users to evaluate financial data. Clients can manage cash flow statements, budgeting and balance sheets. A data analytics tool can be deployed both through the cloud or on-premise.

Its modules support financial and non-financial operations, including saving data and activity-based methodologies. Automate the budget submission and review process by capturing data from the general ledger and running data analytics via the cloud.
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Board Intelligent Planning Platform is a business planning tool that gives companies of all sizes resources to empower themselves and develop better, future-proof practices. It’s especially useful to businesses that have financial, supply chain, sales and operations, and merchandise and retail planning needs.

The software utilizes the Microsoft Azure cloud to give users access from any connected device and uses a low-code customization environment so even the least experienced programmer can optimize its workflow for whatever their company requires.

Pros
  • Easy to use interface
  • Collaborative planning
  • Data visualization tools
  • Flexible reporting options
  • Scalable for future growth
Cons
  • Limited free plan features
  • Can be expensive for large teams
  • Learning curve for advanced features
  • May not integrate with all software
  • Limited customization options
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$3,000 Monthly
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Tailored to your specific needs
$10,000 Quote-Based
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Tailored to your specific needs
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Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Widespread Accessibility: Manage operations with an easy-to-use, spreadsheet-style interface. Assign role-based access control to multiple users. Minimize paperwork, improve audit results and ensure compliance. Eliminate manual data collection and centralize information for easy accessibility and evaluation to get better insights. 
  • Improve Process Quality: Gather, understand and add value to the financial information. Boost the quality of financial operations with reporting and maintain channels, services, and customers with predictive analysis. 
  • Increase Accountability: Provide internal and external stakeholders with relevant information to boost accountability. Make users aware of and efficient about budgeting, reporting and planning. 
  • Boost Accuracy: Deliver income statements, cash flow reports and balance sheets directly. Ensure accuracy and timeliness in process management, analysis and data manipulation. It automates repetitive tasks and minimizes the possibility of errors. 
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  • No Experience Required: Users of any skill level can get into Board and immediately start optimizing their business planning with a comprehensive set of tools for business intelligence, performance management and predictive analytics. 
  • All-in-One Platform: Board provides the resources to handle everything from flat-file data to ERP, with a user-friendly interface that serves expert and beginner users alike. 
  • Adaptable Use Cases: Financial planning and analytics, accounting reporting and consolidation, supply chain planning and management, and merchandise and retail planning can all be handled and optimized using Board’s robust set of corporate and departmental modules. 
  • Customizability: Board gives businesses the ability to not only handle processes out of the box, but also to create custom workflows and modules for their specific needs. 
  • Self-Service Analytics: Gain insights into business performance, forecast trends and develop better strategies without sophisticated IT knowledge or assistance. 
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  • Planning: Centralize data, simplify processes, minimize manual errors and automate consolidation in a single platform. Transform budgets, approve plans and change figures with workflow and automation capabilities. See the big data picture with a centralized data platform. 
    • Personnel: Check the impact of personnel on the consolidated profit with planning features. Capture cost insight and accordingly transform the business model. Automate calculations like payroll taxes, salary adjustments, and bonuses. Prepopuate personnel data by directly linking with external payroll systems. 
    • Scenario: Draft quick and accurate business models for potential scenarios and automate workflow management to speed up the financial process. Get access to real-time company-wide data with seamless integration to expedite planning. 
    • Sales and Revenue: Create detailed plans and add the flexibility to keep tabs on the continuous changes with sales and revenue planning functionality. Optimize revenue streams and predict sales with top-down or bottom-up sales planning. Stay updated with accurate data by creating what-if scenarios and making changes to the macro and micro environment. 
    • Templates: Gather detailed information in data entry templates, while CRM or ERP integration captures transactional data. Make modifications to the revenue recognition without disrupting the data integrity. 
    • Project: Analyze profitability and resource use in quantitative and qualitative terms by tracking process drivers and factors. Automate scheduling, project assigning and communicating. Conduct data analysis, forecast task finances and adapt to changes with metric monitoring and operations regulation tools. 
    • Cash Flow: Break down the siloed system and encourage cross-functional collaboration by providing data access to everyone. Automate cash flow predictions and gain deeper insights into cash shortages and surpluses. Visualize a data sheet with automated plug calculations, income variations and different data models to create a cohesive plan for project managers and stakeholders.  
    • Capital Expenses: Understand how tangible and intangible assets affect the bottom line by tracking actual asset costs. Create automatic depreciation calculation and analyze capital expenditure assumptions by utilizing key performance indicators. Make use of different sources from external ERP to draw expenditures between actual and planned capital spending. 
    • Tracking: Review historical patterns, determine problems and create outline projections. Envision future tax implications. Provide managers with an easy-to-use expense tracking tool and allow stakeholders to watch costs and understand the budget outcome. 
    • Cross Company Financial: Minimize the risk and boost the quality of reporting by determining the factors driving profitability and resource designation. Unify teams to work towards one common goal with an integrated platform.  
  • Forecasts: Make strategic business decisions by creating flexible and accurate forecasts. Ensure consistency with data-driven predictions and keep an eye on the minor changes in the market with rolling predictions. Meet the ever-changing stakeholder’s demands by customizing forecasts based on cash flow, sales and finances. 
    • Mapping: Integrate data directly with the built-in account mapping features. Keep track of input, changes and approvals and consolidate immediate or local changes in the forecasts. Enhance planning capabilities by quickly adapting to the changing needs of the market. 
  • Workflow Automation: Automating repetitive tasks and integrating manual tasks into WorkFlow Manager. Allow collaboration on budgets, Excel modeling and analysis. Save time and boost partnership by directly adding visual data into a PowerPoint slide. Remove data silos by securely integrating with an ERP, CRM and HRIS system. 
  • Financial Consolidation: Streamline financial processes and eliminate manual tasks by automating financial consolidation and data analysis . Record intercompany loans, charge corporate overhead, adjust entries, and stop transactions while meeting regional regulatory standards. Identify risks that could delay close processes with cloud computing and AI. Create detailed and auditable reports to speed up the internal or external audit process. 
  • Reporting and Analytics: Increase productivity and collaboration with performance reporting tools. Centralize data and create custom reports across departments and multiple data sources. 
    • Actionable Reports: Equip finance, sales and operation teams with interactive reports. Generate actionable reports and boost workflow by adding supporting documents to the data, expediting the approval process. 
    • Self-Service Dashboard: Prioritize essential workplace functions like sales, rate of return, margins and efficiency ratio with a self-service dashboard. Identify pending tasks and watch how data points affect business performance. Get insights and boost engagement with AI-powered by natural language processing. 
    • Virtual Assistant: Prioritize tasks, schedule and distribute reports to the team. Assess data provided by Visual Analytics. Customize dashboards with relevant information and simplify data analytics processing with ad hoc reporting and analytics. 
    • KPI Analysis: Update reports and dashboards automatically to identify positive and negative trends using KPI analysis. Track and test for macro and micro uncertainties. Enable data entry for immediate input from any device for problem-solving and recognition. 
    • Automation: Minimize time spent translating complex spreadsheets and remain compliant with GAAP and IFRS. Protect sensitive information and boost cross-functional collaboration. Help stakeholders better understand the output by visualizing transactional data. 
    • Analytics: Identify direct and indirect costs with interactive reports. Save time and mitigate risks with anomaly detection. Identify which products or channels need adjustments, maintenance or termination. 
  • Virtual Financial Analyst: Make manual or verbal requests with a task assistant. Specify the data type, evaluate multiple data points and gain clarity over insights with AI-generated comparative analysis. Detect and identify unusual transactions and speed up investigation and resolution with machine learning. Minimize financial risk with an easy-to-use dashboard and evaluation managed by risk rating. 
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  • Adaptable Platform: Board Intelligent Planning Platform can be deployed in a variety of ways depending on specific business needs, and utilizes a proprietary in-memory technology and HTML5 web platform to remain fast and usable regardless of how it’s deployed. 
    • Granular Security: A multi-layer security system provides full control over who has access to what information on a cell-by-cell basis.
    • Metadata Gateway: The software translates data sources into simple, easy-to-read views and imports data into its own format automatically.
  • Powerful Analytics: Board provides automatic and manual analytics features for users of all experience levels to make sense of data and inform future decisions. 
    • Drag-and-Drop Analysis: Build robust analyses from company financial data by simply dragging and dropping information into a visual environment, with built-in machine learning capabilities to handle the more difficult, technical side of analysis. 
    • Multidirectional Drilldown: Create drill paths in any direction, between reports or back to source systems for the most in-depth analysis possible. 
  • Robust Planning: Enter data and use it to determine future plans with Board’s complete set of ERP tools. 
    • Simplified Metrics: Users can create Excel-like formulas to define specific custom metrics and apply them to any of the software's databases. 
    • Real-time Adjustments: Change data metrics and models without affecting user operations. This gives businesses maximum control over planning and forecasting as events unfold. 
  • Business Modeling: Define workflows and onboard employees to ensure maximum organizational efficiency. 
    • Customized Rules: Create and customize boundaries and guidelines for their workflows. Users can also set criteria to help generate more precise predictions. 
    • Adaptive Aggregation: Flexible data aggregation can be performed at any time, automatically adapting data and metrics to new dimensions. 
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Product Ranking

#17

among all
EPM Software

#39

among all
EPM Software

Find out who the leaders are

Analyst Rating Summary

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83
100
79
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82
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Capital Expenditure Planning
Integration and Extensibility
Profitability Modelling and Analysis
Reports and Dashboards
Cash Management
Profitability Modelling and Analysis
Revenue Planning
Reports and Dashboards
Planning, Budgeting,and Forecasting
Sales Planning

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Prophix
Board
+ Add Product + Add Product
Capital Expenditure Planning Cash Management Financial Consolidation And Reconciliation Planning, Budgeting,and Forecasting Platform Capabilities Profitability Modelling And Analysis Project Planning Reports And Dashboards Revenue Planning Sales Planning Workforce Planning 100 98 82 85 72 100 83 100 97 98 98 79 81 82 86 75 100 81 88 100 86 79 0 25 50 75 100
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86%
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71%
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29%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

100%
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63%
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37%

User Sentiment Summary

Excellent User Sentiment 160 reviews
Great User Sentiment 804 reviews
91%
of users recommend this product

Prophix has a 'excellent' User Satisfaction Rating of 91% when considering 160 user reviews from 3 recognized software review sites.

89%
of users recommend this product

Board has a 'great' User Satisfaction Rating of 89% when considering 804 user reviews from 5 recognized software review sites.

4.5 (14)
4.8 (2)
n/a
4.4 (279)
4.56 (73)
n/a
4.6 (73)
4.5 (134)
n/a
4.6 (157)
n/a
4.3 (232)

Awards

SelectHub research analysts have evaluated Prophix and concluded it earns best-in-class honors for Capital Expenditure Planning and Integration and Extensibility. Prophix stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Capital Expenditure Planning Award
Integration and Extensibility Award

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Synopsis of User Ratings and Reviews

Streamlined Budgeting and Forecasting: Prophix empowers finance teams to ditch cumbersome spreadsheets and automate budgeting and forecasting processes. Users appreciate the ability to create driver-based models, perform what-if analyses, and generate forecasts quickly and accurately.
Enhanced Financial Reporting: The software's reporting capabilities are a major draw for users. Prophix simplifies the creation of visually appealing and informative financial reports, complete with dashboards and drill-down functionality. This allows stakeholders to easily access and analyze key financial data.
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Collaborative Planning: Users praise Board's real-time collaboration features, enabling teams to work together seamlessly on plans and share updates instantly, boosting efficiency and alignment.
Flexible & Scalable: Many appreciate Board's adaptability to various planning needs, accommodating diverse data sets, departments, and future growth, making it a future-proof solution.
Data Visualization & Insights: Users value Board's robust data visualization tools, transforming complex data into clear dashboards and reports, aiding in informed decision-making and identifying trends.
Automation & Streamlining: Real user experiences highlight Board's ability to automate repetitive tasks and workflows, freeing up time for strategic work and analysis, improving overall planning efficiency.
Mobile Accessibility: Appreciations are shared for Board's mobile app, allowing users to access plans and data on the go, enhancing flexibility and real-time decision support.
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Steep Learning Curve: Prophix can be challenging for new users due to its complex interface and functionalities. The abundance of features, while beneficial for experienced users, can overwhelm beginners, leading to frustration and a longer onboarding process.
Customization Challenges: While Prophix offers customization options, they often require advanced technical knowledge or the assistance of Prophix consultants, which can be costly and time-consuming for businesses with specific needs.
Reporting Limitations: Some users find Prophix's reporting capabilities to be somewhat rigid, making it difficult to create ad-hoc reports or perform complex data analysis without extensive workarounds.
Mobile App Functionality: The mobile app's functionality is limited compared to the desktop version, restricting users' ability to perform certain tasks on the go, which can be inconvenient for remote or traveling employees.
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Complex Calculations: Limited transparency in formula calculations, hindering troubleshooting and advanced analysis.
Macro Restrictions: Restricted macro functionalities might constrain automation and specialized workflows.
Navigation Challenges: Unintuitive interface layout and navigation, leading to user frustration and inefficiency.
Mobile Limitations: Limited mobile app functionalities compared to desktop version, restricting accessibility.
Restricted Dashboard Design: Limited design freedom for dashboards, impacting user preferences and visual clarity.
Scalability Concerns: Performance issues reported with large datasets, potentially hindering scalability for growing companies.
Opaque Pricing Structure: Lack of clear pricing information and complex licensing tiers, making cost estimation difficult.
Limited Support Availability: Reported challenges with timely and comprehensive support responses.
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Prophix has received generally positive feedback from users over the past year, with many praising its ease of use and intuitive interface. Users with limited technical expertise found the software easy to navigate and perform tasks, such as budgeting, forecasting, and reporting. The drag-and-drop functionality and pre-built templates were particularly helpful for streamlining workflows and reducing manual data entry. Reviewers frequently compared Prophix to other EPM software options like Oracle Hyperion and SAP BPC, noting that Prophix offered a more user-friendly experience at a more affordable price point. While Prophix's user-friendliness is a significant advantage, some users noted limitations in its advanced functionality compared to more comprehensive EPM solutions. For example, complex financial modeling and scenario analysis may require additional customization or integrations with other tools. Additionally, some users expressed a desire for more robust data visualization and reporting capabilities. Despite these limitations, Prophix's core strengths lie in its ability to simplify and automate essential EPM tasks for mid-sized businesses. Its affordability and ease of use make it an attractive option for organizations seeking to improve their financial planning and analysis processes without the complexity and cost associated with enterprise-level EPM solutions. Overall, Prophix appears to be well-suited for mid-sized businesses and departments within larger organizations that require a user-friendly and affordable EPM solution. Its intuitive interface, pre-built templates, and core functionalities cater to the needs of users with varying levels of technical expertise. While it may not offer the same level of advanced functionality as some of its competitors, its ease of use and affordability make it a valuable tool for organizations looking to streamline their financial planning and analysis processes.

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Board, an Intelligent Planning software, garners mixed reviews from users. While praised for its user-friendly interface and extensive customization options, some find its cost and scalability a concern. Let's delve deeper. Users appreciate Board's intuitiveness, making it accessible even to non-technical folks. Its flexibility allows tailoring the platform to specific needs, a boon for organizations with intricate planning processes or unique data demands. Additionally, Board seamlessly integrates with various data sources, simplifying information consolidation for insightful analysis. However, cost can be a barrier, particularly for smaller businesses, as Board can be pricier than competitors. Scalability concerns arise, with some users reporting performance issues when handling massive datasets. While powerful for basic planning, Board might lack the advanced features offered by competitors for highly technical users or complex scenarios. Board sets itself apart by emphasizing visually engaging and interactive reports and dashboards, aiding communication with stakeholders. Its robust mobile app empowers users to access and manage plans on the go, promoting flexibility and remote work. Ultimately, Board's strengths and weaknesses hold varying importance depending on your needs. Budget, data volume, desired features, and user requirements should be carefully considered when comparing Board to other Intelligent Planning software options. Remember, this is just a general overview, and thorough research tailored to your specific context is crucial before making a decision.

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