MAGIQ Performance vs Prophix One
MAGIQ Performance
magiqsoftware.com
Prophix One
prophix.comSide by side
| Figure | MAGIQ Performance | Prophix One |
|---|---|---|
| Price from | — | — |
| Free plan | — | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Financial Planning & Analysis Software | 7.9 (#28) | 8.2 (#11) |
| Budgeting | It supports activity-based budgeting, rolling forecasts, and bottom-up or top-down budgeting. | Yes |
| Financial consolidation | Yes | Yes |
| Forecasting | Yes | Yes |
| Headquarters | Napier, New Zealand; Hawthorn, Australia; American Fork, United States | Toronto, Ontario, Canada |
| Integrations | MAGIQ says Performance connects with most finance, ERP, and payroll systems; its integration page lists systems including Microsoft Dynamics, MYOB Exo, Oracle Financials, SAP B1, TechnologyOne Financials, and Xero. | Prophix says it connects to 300+ ERPs, HRISs, and CRMs, and lists NetSuite, SAP, Sage, Microsoft Dynamics, Oracle, Workday, Salesforce, and HubSpot as examples. |
| Intended users | MAGIQ describes the product as designed for public sector organisations, including local government, health, education, utilities, and not-for-profit organisations. | Prophix describes the platform as designed for finance teams, including organizations handling multi-entity planning and consolidation. |
| Purpose | MAGIQ Performance is a budgeting, reporting, and financial planning solution for councils and public sector organisations. | Prophix One is a financial performance platform for planning, close, consolidation, and reporting on a shared data foundation. |
| Scenario modeling | Yes | Yes |
| Support | MAGIQ provides phone support in Australia and New Zealand and an online service desk that new customers must register to access. | Prophix provides a Help Center, Community, Academy, and Cloud System Status links for customers. |
| Variance analysis | Yes | Yes |
| Workforce planning | Yes | Yes |
Plans
In their own words
MAGIQ Performance
MAGIQ Performance 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.