IBM Planning Analytics vs Prophix One
IBM Planning Analytics
ibm.com
Prophix One
prophix.comSide by side
| Figure | IBM Planning Analytics | Prophix One |
|---|---|---|
| Price from | $875/mo | — |
| Free plan | — | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| Linux | Yes | — |
| iOS | Yes | — |
| API | Yes | Yes |
| Self-hosted | Yes | — |
| Plans published | 4 | 1 |
| Spec score · Scenario Planning Software | 9.3 (#1) | 8.2 (#15) |
| Spec score · Financial Forecasting Software | 8.9 (#1) | 7.5 (#42) |
| Spec score · Financial Planning & Analysis Software | 9.2 (#2) | 8.2 (#11) |
| Spec score · Budgeting apps | 9.1 (#1) | 8.1 (#8) |
| Spec score · Budgeting Software | 9.0 (#1) | 7.6 (#19) |
| Spec score · Management Reporting Software | 8.9 (#1) | 7.5 (#21) |
| Spec score · Corporate Performance Management Software | 9.0 (#1) | 7.6 (#18) |
| Spec score · Business Performance Management | 9.0 (#1) | 7.5 (#16) |
| Spec score · Finance Management software | 8.8 (#1) | 7.5 (#19) |
| Spec score · Enterprise Performance Management | 9.1 (#1) | 7.5 (#14) |
| Spec score · Profitability Management Software | 9.1 (#2) | 7.5 (#9) |
| Spec score · Insurance Financial Management | 9.0 (#1) | 7.6 (#6) |
| Budgeting | Yes | Yes |
| Financial consolidation | Yes | Yes |
| Forecasting | IBM Planning Analytics provides AI demand forecasting inside the product. | Yes |
| Founded | 1911 | 1987 |
| Free plan | No | No |
| Headquarters | Armonk, New York, United States | Toronto, Ontario, Canada |
| Purpose | IBM Planning Analytics is an AI-powered planning and analytics platform powered by the IBM TM1 database that unifies business planning in one governed platform. | Prophix One is a financial performance platform for planning, close, consolidation, and reporting on a shared data foundation. |
| Scenario modeling | Yes | Yes |
| Support | IBM Support provides cases, fixes, technical documentation and known issues for Planning Analytics products, and requires an IBM Customer Number and site-administrator approval. | Prophix provides a Help Center, Community, Academy, and Cloud System Status links for customers. |
| Variance analysis | Yes | Yes |
| Workforce planning | Yes | Yes |
Plans
IBM Planning Analytics
- EssentialsPriced on request
- Essentials$875 a month
- StandardPriced on request
- PremiumPriced on request
In their own words
IBM Planning Analytics
IBM Planning Analytics has no write-up on Specifiction yet; its figures are above.
Prophix One
Prophix One is a cloud-based financial performance platform for finance teams, covering planning, budgeting, forecasting, reporting, close, consolidation, and workforce planning. Its planning tools support driver-based budgets, rolling forecasts, and scenario modeling across multiple entities. Consolidation includes intercompany eliminations, multi-currency translation, and minority interest calculations. Account Reconciliation offers role-based approvals, status visibility, audit trails, and automated matching that surfaces exceptions. Lease Accounting supports ASC 842 and IFRS 16. The platform connects to more than 300 ERP, HRIS, and CRM systems, including NetSuite, SAP, Sage, Microsoft Dynamics, Oracle, Workday, Salesforce, and HubSpot; connection methods include APIs, FTP/SFTP, ODBC, JSON, SOAP, and flat file imports. Embedded agents can update budgets from plain-language instructions and create tables, charts, and variance commentary from questions. Prophix says customer data is not used to train third-party AI models. The platform is hosted on AWS, and pricing is on request. Prophix was founded in 1987 and is headquartered in Toronto.