IBM Planning Analytics vs Prophix comparison

IBM and PROPHIX are both solutions in the Business Performance Management category. IBM is ranked #4 with an average rating of 8.2, while PROPHIX is ranked #18. IBM holds a 4.5% mindshare in BPM, compared to PROPHIX’s 2.5% mindshare. Additionally, 92% of IBM users are willing to recommend the solution, compared to 100% of PROPHIX users who would recommend it.

IBM Planning Analytics

Read 28 IBM Planning Analytics reviews

3,062 Views
1,286 Comparison Views

92% willing to recommend

Prophix

Read 10 Prophix reviews

764 Views
527 Comparison Views

100% willing to recommend

IBM Planning Analytics

Prophix

Comparison Buyer's Guide

Download the report

Executive SummaryUpdated on Dec 19, 2024

Prophix and IBM Planning Analytics are both prominent in the financial planning and analysis software market. While Prophix is preferred for its attractive pricing and customer support, IBM Planning Analytics is recognized for its comprehensive functionality that users find justify its costs.

Features: Prophix is favored for its budgeting, forecasting, and financial modeling capabilities which are user-friendly and adaptable. IBM Planning Analytics excels in handling complex data analyses with seamless integration into IBM's technology stack.

Room for Improvement: Prophix could enhance its integration with other technology platforms, expand advanced analytics features, and improve scalability for larger enterprises. IBM Planning Analytics might benefit from simplifying user interfaces, enhancing initial setup processes, and reducing the complexity in managing updates.

Ease of Deployment and Customer Service: Prophix offers an uncomplicated deployment process with dependable customer support, ensuring a smooth transition. IBM Planning Analytics, though offering extensive deployment options, involves a more complex setup that requires significant effort but is supported with in-depth technical assistance.

Pricing and ROI: Prophix is viewed as more cost-effective with rapid ROI due to its lower setup costs and efficient budgeting tools. IBM Planning Analytics, although pricier initially, offers a promising ROI driven by its powerful data analytics capabilities, appealing to businesses with complex financial requirements.

To learn more, read our detailed IBM Planning Analytics vs. Prophix Report (Updated: February 2026).

Buyer's Guide

IBM Planning Analytics vs. Prophix

February 2026

Download the complete report

Helped 881,733 peers since 2012

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

ROI

Sentiment score

7.3

IBM Planning Analytics boosts ROI by enhancing budgeting, analysis, and productivity but faces affordability issues due to increased pricing.

Sentiment score

6.8

Prophix enhances efficiency and cost savings, offering medium to high returns with low maintenance costs, saving $80K annually.

It helps a lot with creating reports straight from raw data, which saves me so much time.

Gladys Njeri

Key Account Manager at DHL

I have seen a return on investment, as the accuracy has really improved in my organization since everything is automated.

Sai Tilak

Team Lead Manager at Finlays

For more quotes and insights, download the IBM Planning Analytics report

No quotes available

For more quotes and insights, download the Prophix report

Customer Service

Sentiment score

7.0

IBM Planning Analytics support is responsive and efficient, rated highly by users, yet there's room for faster direct resolutions.

Sentiment score

7.7

Prophix customer service is praised for promptness and helpfulness, though some users face challenges like time zones and initial support.

We have a multi-level support system, with the initial level handled by the company we bought the license from and subsequent support from IBM.

reviewer1517922

Responsable B.I at a retailer with 51-200 employees

Instead, we rely on third-party partners recognized by IBM, who provide cost-effective support.

Ayman Alshabani

Financial Performance Manager at a retailer with 1,001-5,000 employees

The customer support for IBM Planning Analytics is very responsive and supportive 24/7.

Gladys Njeri

Key Account Manager at DHL

For more quotes and insights, download the IBM Planning Analytics report

No quotes available

For more quotes and insights, download the Prophix report

Scalability Issues

Sentiment score

7.9

IBM Planning Analytics offers high scalability, efficiently managing data with real-time handling and flexibility for small to enterprise businesses.

Sentiment score

7.6

Prophix generally delivers effective scalability and performance, though some users face issues with high concurrency and configuration complexity.

IBM Planning Analytics' scalability is impressive, as it is able to gather data from multiple sources and handle huge amounts of data without any lagging or downtime.

Sai Tilak

Team Lead Manager at Finlays

The scalability of IBM Planning Analytics is very high, and we are able to work with huge amounts of data with flexibility.

Gladys Njeri

Key Account Manager at DHL

Scalability is straightforward but it is pricey since it's a SaaS model priced per user.

Ayman Alshabani

Financial Performance Manager at a retailer with 1,001-5,000 employees

For more quotes and insights, download the IBM Planning Analytics report

No quotes available

For more quotes and insights, download the Prophix report

Stability Issues

Sentiment score

7.9

IBM Planning Analytics offers stability and reliable performance for forecasting, with occasional fixable issues requiring vendor support.

Sentiment score

7.0

Prophix is stable but faces occasional Microsoft cube dependency errors, user load impact, and challenges with reporting functionalities.

The performance of IBM Planning Analytics has always been fast and reliable for my needs, even when dealing with huge volumes of data.

Gladys Njeri

Key Account Manager at DHL

A stable platform prevents loss of time during this process.

reviewer1517922

Responsable B.I at a retailer with 51-200 employees

IBM Planning Analytics is stable because the reason we switched from IBM Cognos is that IBM Planning Analytics capability allows us to connect to multiple tools, which we could not do before.

reviewer2798436

Senior Software Engineer at a financial services firm with 10,001+ employees

For more quotes and insights, download the IBM Planning Analytics report

No quotes available

For more quotes and insights, download the Prophix report

Room For Improvement

Users recommend improving IBM Planning Analytics usability, interface design, automation, integration, performance, scalability, offline access, and reducing upgrade frequency.

Prophix mobile features, integration, user interface, and several functionalities need enhancement for improved user experience and efficiency.

Additionally, the licensing cost could be reduced a little, and there should be more plans based on feature usage level, as some small organizations or small teams may not afford the current pricing.

Sai Tilak

Team Lead Manager at Finlays

IBM Planning Analytics does not work offline, which makes it difficult for me and my team to work or gather required data when we do not have an internet connection.

Gladys Njeri

Key Account Manager at DHL

IBM's visualization needs significant improvement.

Ayman Alshabani

Financial Performance Manager at a retailer with 1,001-5,000 employees

For more quotes and insights, download the IBM Planning Analytics report

No quotes available

For more quotes and insights, download the Prophix report

Setup Cost

IBM Planning Analytics offers flexible licensing models and competitive pricing, with consulting fees impacting overall costs significantly.

Prophix offers a cost-effective, efficient solution with low setup and ongoing expenses, appealing compared to Oracle Business Intelligence.

While IBM's solutions were costly before, the introduction of SaaS models has reduced prices significantly.

Ayman Alshabani

Financial Performance Manager at a retailer with 1,001-5,000 employees

Given the product's old architecture and interface, they need to make it more affordable.

reviewer1517922

Responsable B.I at a retailer with 51-200 employees

My experience with pricing, setup cost, and licensing for IBM Planning Analytics is that the pricing and licensing cost can be somewhat on the higher side, especially for small organizations.

reviewer2798436

Senior Software Engineer at a financial services firm with 10,001+ employees

For more quotes and insights, download the IBM Planning Analytics report

No quotes available

For more quotes and insights, download the Prophix report

Valuable Features

IBM Planning Analytics provides fast calculations, customization, Excel integration, and automation for efficient financial performance management and data analysis.

Prophix offers budgeting, reporting, data management, and security features with Excel integration and cloud readiness for performance management.

The scenario modeling feature in IBM Planning Analytics is probably the most robust planning and forecasting solution we use, especially for what-if scenarios.

Gladys Njeri

Key Account Manager at DHL

It also integrates machine learning and AI engines, enabling us to use algorithms for inventory forecasting which optimizes our inventory and replenishment rates.

Ayman Alshabani

Financial Performance Manager at a retailer with 1,001-5,000 employees

Data security is very important in my organization, providing peace of mind through protecting our data.

Sai Tilak

Team Lead Manager at Finlays

For more quotes and insights, download the IBM Planning Analytics report

No quotes available

For more quotes and insights, download the Prophix report

Categories and Ranking

IBM Planning Analytics

Ranking in Business Performance Management

4th

Average Rating

8.4

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

No ranking in other categories

Prophix

Ranking in Business Performance Management

18th

Average Rating

8.2

Reviews Sentiment

6.9

Number of Reviews

Ranking in other categories

Financial Performance and Strategy Management (6th), Financial Close Software (17th)

Mindshare comparison

As of February 2026, in the Business Performance Management category, the mindshare of IBM Planning Analytics is 4.5%, down from 9.1% compared to the previous year. The mindshare of Prophix is 2.5%, up from 0.9% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management Market Share Distribution
Product	Market Share (%)
IBM Planning Analytics	4.5%
Prophix	2.5%
Other	93.0%

Business Performance Management

Featured Reviews

Gladys Njeri

Key Account Manager at DHL

Data-driven planning has transformed financial decisions and now saves major reporting time

IBM Planning Analytics helps with collaboration between teams by allowing us to gather data from various departments, analyze it, and collaborate on the data to make data-driven decisions between different departments easily. As I mentioned previously, I mainly use IBM Planning Analytics to visualize the existing data to generate meaningful report dashboards and use it during stakeholder meetings to arrive at the right decision. The best features IBM Planning Analytics offers include budgeting, forecasting, and what-if scenario analysis. The scenario modeling feature in IBM Planning Analytics is probably the most robust planning and forecasting solution we use, especially for what-if scenarios, where we are able to forecast using Watson Studio, which helps in better prediction. I really appreciate the Excel integration in IBM Planning Analytics because it keeps things familiar and adds more power.

Read full review

it_user287946

Managing Director at a tech services company

Easy to use and cloud-ready, helps me manage my business

Increased margin on products Easy to use Rich functionality Complete corporate performance management solution Based on modern technology Cloud-ready All of them allow me to manage my business. BI analytics Few related Ad Hoc Analyses in one window Sorting and filtering in Data View More…

Read full review

See which vendors are best for you

Use our free recommendation engine to learn which Business Performance Management solutions are best for your needs.

See recommendations

881,733 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Financial Services Firm

17%

Manufacturing Company

11%

Retailer

Educational Organization

Computer Software Company

19%

Construction Company

16%

Performing Arts

11%

Educational Organization

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

By reviewers
Company Size	Count
Small Business	16
Midsize Enterprise	4
Large Enterprise	15

By reviewers
Company Size	Count
Small Business	3
Midsize Enterprise	3
Large Enterprise	4

Questions from the Community

What do you like most about IBM Planning Analytics?

The most valuable features of IBM Planning Analytics for streamlining planning processes include a unified database where all data are centralized.

See all answers

What is your experience regarding pricing and costs for IBM Planning Analytics?

While IBM's solutions were costly before, the introduction of SaaS models has reduced prices significantly. Comparatively, IBM rates may be better than those of competitors, such as Hyperion ( /pro...

See all answers

What needs improvement with IBM Planning Analytics?

IBM is behind competitors like Tableau ( /products/tableau-reviews ) and Power BI in terms of visualization. Their visuals are less innovative and practical with fewer varieties. IBM's visualizatio...

See all answers

Ask a question

Earn 20 points

Comparisons

Microsoft Power BI vs IBM Planning Analytics

Compared 14% of the time

SAP Analytics Cloud vs IBM Planning Analytics

Compared 12% of the time

Anaplan vs IBM Planning Analytics

Compared 8% of the time

IBM Cognos vs IBM Planning Analytics

Compared 5% of the time

Oracle Hyperion vs IBM Planning Analytics

Compared 5% of the time

More IBM Planning Analytics Competitors

Vena vs Prophix

Compared 12% of the time

Adaptive Insights vs Prophix

Compared 11% of the time

CCH Tagetik vs Prophix

Compared 10% of the time

Board vs Prophix

Compared 9% of the time

Planful vs Prophix

Compared 9% of the time

More Prophix Competitors

Product Reports

Buyer's Guide

IBM Planning Analytics

January 2026

Download IBM Planning Analytics product report

Buyer's Guide

Business Performance Management

January 2026

Download Prophix product report

Also Known As

Cognos TM1, IBM Cognos TM1

No data available

Overview

IBM Planning Analytics is an integrated planning solution that uses AI to automate planning, budgeting, and forecasting and drive more intelligent workflows.

Built on TM1, IBM’s powerful calculation engine, this enterprise performance management tool allows you to transcend the limits of manual planning and become the Analytics Hero your business needs. Quickly and easily drive faster, more accurate plans for FP&A, sales, supply chain and beyond.

IBM

Prophix Software is a leading developer of solutions designed to automate financial processes including budgeting, planning, reporting, analysis, and performance management for the mid-market. Thousands of finance leaders around the world use Prophix to empower their organization and gain greater insight into business performance. Prophix and its partners deliver the best value by combining high end functionality, low total cost of ownership, and the fastest implementations in its class.

PROPHIX

Sample Customers

ManpowerGroup, Convergys, AIG, Orchard Brands, Citibank, InterGen, Northwestern University, EF Education First, Ironside, Bazan Group, CSOB Insurance, Macquarie Group, Charles Stanley, SATO, Government of Sint Maarten, BMW Financial Services

Solarcentury, Swan Mill Paper Company, Interstates Companies, First Medical Health Plan, Community Physician Network, AAA Southern New England

Buyer's Guide

IBM Planning Analytics vs. Prophix

February 2026

Free Report: IBM Planning Analytics vs. Prophix

Find out what your peers are saying about IBM Planning Analytics vs. Prophix and other solutions. Updated: February 2026.

DOWNLOAD NOW

881,733 professionals have used our research since 2012.

See our IBM Planning Analytics vs. Prophix report.

See our list of best Business Performance Management vendors.

We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.