Prophix vs Jedox

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

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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Jedox is a solution that helps organizations optimize business processes such as budgeting and forecasting through efficient planning, analysis and reporting. Easy to set up and maintain, it has the flexibility to seamlessly integrate with other sources and be tailored to specific needs and industry requirements. Through intuitive user interfaces as well as mobile accessibility, employees of all technical skill levels can work with data on a self-service basis. It provides flexible deployment options, including SaaS, public or private cloud, on-premises and hybrid.

There are four pricing plans which fulfill the varying requirements of different organizations: Essential, Business, Professional and Performance. Suitable for companies of any size, it can help small and midsize businesses make the jump from spreadsheets to a method of more accurately and transparently planning for the future. It also assists global enterprises in centralizing and streamlining their operations for greater efficiency.
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$3,000 Monthly
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$160 Monthly
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Tailored to your specific needs
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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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  • EPM and BI Together: Jedox simplifies operations by combining the insights of business intelligence with the strategy of enterprise performance management into one unified platform for integrated planning across the organization.
  • Leverage Existing IT: The platform makes sure that companies can protect the competitive advantages and investments made in their existing technologies. Its data integration connects out-of-the-box to many popular enterprise solutions. Jedox also allows analysts who are comfortable with Excel to bring their skills to Jedox with an intuitive, Excel-like interface, helping with user adoption.
  • Compare Targets to Performance: By incorporating reporting and planning, users can unify actuals with their budget confidently and accurately. Predictive and prescriptive analytics help businesses take proactive action with forecasting, as well as assist them in translating strategy into execution.
  • Improves Collaboration: Through its online platform, users can build reports, visualizations and dashboards together, and share data with other teams and entities within their organization. 
  • Scalability: The platform features innovative technologies like cloud computing, artificial intelligence and its multidimensional in-memory database, ensuring it is future-proof to scale up to thousands of users as businesses grow and move forward.
  • Real-Time Insights: Users can access up-to-date dashboards and personalized insights from any modern web browser or the mobile app on a self-service basis. Through this, the system eliminates the need to distribute, collect and process spreadsheets, as well as the arduous process of manual reconciliation.
  • Free Trial: Interested users can register for a 14-day free trial of the SaaS version, Jedox Cloud, which provides access to the full functionality of the platform and its add-ons in the Jedox Marketplace.
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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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  • Data Integrations: The platform’s built-in integration tool, Jedox Integrator, uses extract, transform, load (ETL) processes to wrangle data. It creates a seamless integration for self-service connectivity, with more than 50 out-of-the-box connectors and more available for various databases, cloud data sources, ERP, CRM, BI and marketing systems. 
  • Excel Add-in: Jedox enables users who are more comfortable working in Excel to access the budgeting, forecasting, planning and analytical functionalities of the platform from the native Excel environment. Users can convert their spreadsheets into the solution, building on their existing knowledge of Excel. 
  • Pre-Built Business Content: The solution has a marketplace of pre-built application models and templates tailored for users from industries such as finance, sales, human resources and more. These models come with best-practice solutions to help users start exploring their data quickly.
  • Predictive Analytics: Jedox uses advanced in-memory modeling and artificial intelligence to help users circumvent the volatility of ever-changing data, running what-if scenarios, trend analysis and more. 
  • Data Governance: Jedox allows administrators to manage access to sensitive information at a granular level down to a single cell. It also provides role-based access, event-driven user interactions, audit logs and differentiated licenses for various user types.
  • Mobile App: Jedox has a native, touch-friendly app for iOS and Android systems that helps employees out of the office stay connected to their reports and analytics. The app supports sharing and offline access capabilities.
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Product Ranking

#17

among all
EPM Software

#23

among all
EPM Software

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Analyst Rating Summary

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Capital Expenditure Planning
Integration and Extensibility
Profitability Modelling and Analysis
Reports and Dashboards
Cash Management
Revenue Planning
Sales Planning
Cash Management
Workforce Planning
Profitability Modelling and Analysis

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Prophix
Jedox
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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 81 98 87 93 91 97 64 88 100 100 98 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

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User Sentiment Summary

Excellent User Sentiment 160 reviews
Great User Sentiment 226 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.

88%
of users recommend this product

Jedox has a 'great' User Satisfaction Rating of 88% when considering 226 user reviews from 2 recognized software review sites.

4.5 (14)
n/a
4.56 (73)
4.41 (113)
4.6 (73)
4.4 (113)

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

SelectHub research analysts have evaluated Jedox and concluded it earns best-in-class honors for Sales Planning.

Sales Planning Award

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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Excel Integration: Jedox seamlessly integrates with Excel, allowing users to leverage their existing spreadsheet skills and formulas while benefiting from enhanced data analysis and reporting capabilities. This familiarity reduces the learning curve and empowers users to quickly adapt to the platform.
OLAP Server: The integrated OLAP server enables efficient data analysis across multiple dimensions, empowering users to slice and dice information, drill down into details, and gain deeper insights from their data. This capability is particularly valuable for complex financial modeling and reporting tasks.
Web-Based Interface: Jedox offers a user-friendly web-based interface that allows access to reports and dashboards from anywhere with an internet connection. This accessibility promotes collaboration and facilitates data-driven decision-making across teams and departments.
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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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Steep Learning Curve: Many users find Jedox to be quite complex, especially those transitioning from simpler spreadsheet applications. The interface, while feature-rich, can feel overwhelming to new users due to the multitude of options and functionalities.
Performance Issues: Some users report experiencing slow performance, particularly when working with large datasets or complex models. This can hinder productivity and lead to frustration, especially for time-sensitive tasks.
Limited Mobile Functionality: The mobile app for Jedox has received criticism for its limited functionality compared to the desktop version. This can be a drawback for users who require on-the-go access to their data and models.
Cost: Jedox's pricing structure can be a barrier for smaller businesses or those with limited budgets. The cost of licenses and implementation services can add up quickly, making it a significant investment.
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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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Jedox has garnered a reputation for its robust data modeling capabilities and Excel integration, making it a popular choice for organizations with existing Excel-based processes. Users appreciate the familiar interface and the ability to leverage their existing Excel skills, reducing the learning curve and facilitating user adoption. The platform's strength lies in its ability to handle complex calculations and data manipulations, making it suitable for financial planning, budgeting, and forecasting tasks. However, some users find the interface outdated and less intuitive compared to modern cloud-based solutions. Additionally, while Jedox offers cloud deployment options, its on-premise roots can lead to challenges with scalability and accessibility for remote teams. When compared to competitors like Anaplan and Adaptive Insights, Jedox stands out with its powerful OLAP engine and Excel integration. This makes it a preferred choice for organizations that prioritize data analysis and manipulation capabilities. However, Jedox may fall short in terms of user-friendliness and collaboration features, where cloud-native platforms often excel. The platform's pricing structure, which can be complex and involve multiple components, is another factor that potential users should carefully consider. Ultimately, Jedox is best suited for organizations with strong Excel expertise and a need for advanced data modeling and analytical capabilities, particularly in finance and controlling departments.

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