Prophix vs Unit4 ERP

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Our analysts compared Prophix vs Unit4 ERP 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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Unit4 ERP leverages a natural language digital assistant to expedite day-to-day business activities and provides a seamless user experience. Its financial management module offers real-time visibility and control over each stage of the record-to-report cycle. It consolidates enterprise-wide data within a unified system to streamline budget planning and analysis.

Automate and streamline project life cycles, optimize resource utilization and execute projects with precision with the project management inclusion.
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$3,000 Monthly
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Tailored to your specific needs
$49/User, Monthly
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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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  • Planning and Control: Increase planning speed to empower businesses to grow exponentially and respond to opportunities. 
  • Make Data-Driven Decisions: Gain useful insights into the data to make better business decisions and allocate and utilize business resources optimally. 
  • Boost Employee Retention: Engage, support and inspire people to perform better to boost employee retention rate. 
  • Accelerate Learning: Empower employees to learn at their own pace and develop their skillsets for career growth and development. 
  • Improve Employee Experience: Automate back-office tasks and interact with systems via natural language digital assistant to carry out day-to-day business activities to improve employee experiences. 
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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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  • Financial Management: Consolidate organization-wide data to streamline budget planning and analysis. Plan cash flow, manage operational budgets and forecast sales, costs and revenue with a financial planning module. Create robust data visualizations to plan and manage budgets and forecasts while mitigating risks. 
  • Project Management: Streamline and automate end-to-end project lifecycle. Gain complete visibility and control over project and people planning, scheduling, resource management and cost and budget analysis. Leverage project templates to automate the project setup and manage complex projects. 
  • Procurement Management: Connect directly with the approved suppliers for reduced overheads and increased accuracy and control. Use a centralized procure-to-pay solution to improve efficiency and reduce costs. Gauge spending patterns accurately to negotiate better pricing and terms and conditions. 
  • Analytics and Reporting: Unearth hidden patterns, trends and relationships in historical data to comprehend risk and opportunities. Leverage AI and self-service analytics tools to analyze and drill down data to the transactional level. Create and share automated reports to facilitate collaboration. 
  • Core HR: Manage the entire hire-to-retire cycle with a centralized database and control center. Record, monitor and report employees’ absence with the expense management module. Automate approval and expense calculations to minimize administration for employees and managers. 
  • Payroll Management: Leverage the payroll management module to synchronize HR data, gain agility and manage complex calculations. Streamline and automate payroll processes and create custom reports using employee and payroll data to visualize insights and make data-driven decisions. 
  • Talent Management: Build and develop a workforce to create high-performing teams using performance management tools. Roll out mini-surveys to specific teams to understand employees, spot trends and predict employee turnover. 
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Product Ranking

#17

among all
EPM Software

#34

among all
EPM Software

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Analyst Rating Summary

91
82
100
81
98
75
82
87
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Capital Expenditure Planning
Integration and Extensibility
Profitability Modelling and Analysis
Reports and Dashboards
Cash Management
Project Planning
Reports and Dashboards
Profitability Modelling and Analysis
Planning, Budgeting,and Forecasting
Financial Consolidation and Reconciliation

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Prophix
Unit4 ERP
+ 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 81 75 87 91 75 97 100 100 57 86 69 0 25 50 75 100
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86%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

100%
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38%
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62%

User Sentiment Summary

Excellent User Sentiment 160 reviews
Good User Sentiment 89 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.

74%
of users recommend this product

Unit4 ERP has a 'good' User Satisfaction Rating of 74% when considering 89 user reviews from 4 recognized software review sites.

4.5 (14)
n/a
n/a
3.7 (70)
4.56 (73)
n/a
4.6 (73)
3.7 (7)
n/a
4.1 (7)
n/a
2.8 (5)

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 Unit4 ERP and concluded it earns best-in-class honors for Project Planning.

Project 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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Industry-Specific Solutions: Unit4 ERP offers tailored solutions for specific sectors like education and non-profits, addressing their unique needs.
User-Friendly Interface: Many users praise the system's intuitive design, making it easy to navigate and use.
Cloud-Based Accessibility: Unit4 ERP's cloud-based nature allows for convenient access from any location with an internet connection.
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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 User Interface: Some users find the interface difficult to navigate and not intuitive, leading to a steep learning curve.
Reporting Limitations: Users have reported difficulties in generating custom reports and extracting specific data, hindering data analysis and decision-making.
Integration Challenges: Integrating Unit4 ERP with other systems can be complex and require significant technical expertise, potentially leading to delays and increased costs.
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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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Unit4 ERP is generally praised for its user-friendly interface, making it easy to navigate and find necessary information. Users highlight its flexibility, allowing customization to meet specific business needs and the ability to add new features as requirements evolve. The scalability of Unit4 ERP is also a plus, as users can easily add users and new locations as their businesses grow. One user even stated that Unit4 ERP is the most user-friendly ERP solution they've ever used. However, while Unit4 ERP can scale for growth, it's worth noting that it's primarily built for smaller organizations. This makes it a great option for smaller businesses that plan to scale, as they can have a solution that provides the breadth of capabilities they need now and in the future. Unit4 ERP is best suited for small to mid-sized organizations that are looking for a user-friendly, flexible, and scalable ERP solution. Larger organizations with more complex needs may find that Unit4 ERP lacks some of the features and functionality they require. It's always a good idea to check for the most up-to-date user reviews and product information, as software capabilities can change rapidly.

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Screenshots

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