Let's take a side-by-side look at Prophix versus Planful.
September 23, 2025
The Office of the CFO is a strategic contributor. And with the right tools and processes in place, you’re equipped to use your data to make decisions that drive your business forward. But it’s time to move away from manual processes (yes, we mean those spreadsheets) and elevate what you can do. So how do you pick the solution that meets your business needs?
It’s important to look at the possibilities side-by-side and ask important questions, like “Can the solution do this so I can do that?”
In this post we’ll take a side-by-side look at Prophix versus Planful. (We’ve done it for Prophix versus Excel and Prophix versus Vena, too!)
Let’s take a side-by-side look at Prophix One and Planful when it comes to bringing your data together and using that data to inform your business decisions.
Data integration with your accounting, ERP, CRM, HRIS to automate data collection into a unified platform. Additionally, Prophix One can import Excel and CSV files from your local system, and SQL sources. Our API lets you connect with almost any business system.
Bring data in from finance and accounting systems, ERP, CRM, IT, HRIS and ATS systems using pre-built connectors, APIs, or local systems.
Data collection is pulled in from your systems and automatically refreshes in Prophix One on a scheduled basis or when triggered manually.
Data is pulled in from your source systems and is refreshed on a cadence set by you for each type of data and the source.
Workflow automation and Task Assistant automate your repetitive tasks to eliminate manual input and increase your efficiency. With built-in features that effortlessly propel tasks forward, Workflow helps you stay on schedule and meet your business objectives.
Automate report distribution to remove risks with labor-intensive and error-prone reporting and aggregation.
Data security and regulatory compliance are top priorities. We have obtained SOC 2, HITRUST and TRUSTe Enterprise Certification, along with several other industry recognized compliance certifications. More information on the certifications we've obtained can be found here.
You can also assign security controls by user, role, or group. Security is defined down to the member-level of detail within each dimension of every model.
Role based security is designed to automatically suppress pages and rows of data in a report based on preset user permissions.
Complies with SOC 2, TRUSTe, and Privacy Shield, but lacks a HITRUST certification.
Customers can also assign security controls by user, role, group, or dimension for each model.
Great, your data is all in one place! Now what can you do? Let’s look at Prophix One and Planful for reporting and analysis.
Prophix has structured business intelligence (BI) in a single interface and fully unified solution so you can build dashboards and reports to see the story behind your numbers—all within our platform.
From your dashboard, you can view linked reports, perform ad-hoc analysis, or drill into underlying transactions for data analysis in one place.
Drill-through, pivot, and ad-hoc capabilities allow for collaboration and ability to investigate data variances.
Within a single interface, you can view your dashboard, summary report, launch ad-hoc analysis, or drill into the details of your data.
Self-serve ad-hoc analysis allows all users to create reports at any time using the same clean data. Data in your reports and dashboards automatically refreshes on a scheduled basis or when triggered manually, so you can trust that you're making decisions on accurate, up to date data.
Customize your dashboard based with different chart types or drill up or drill down for a detailed look. Visualize the metrics that matter to you and your business, so you have the insights you need at your fingertips.
Build dashboards and reports and perform ad-hoc analysis through Planful’s partnership with Workiva to create reports and regulatory disclosures.
Robust cloud-based consolidation application with pre-defined parameter sets like local GAAP, IFRS, and report templates.
Prophix One Financial Consolidation scales with you based on size and scope, so you can ensure your consolidations are done with accuracy to meet your business requirements.
In partnership with Trintech, Planful offers an integrated solution for FP&A and financial consolidation. Due to the integrated solutions, you can’t purchase financial consolidations as a standalone application.
Prophix One Account Reconciliation simplifies and tracks your account reconciliation through intuitive dashboards, a modern design, and customizable templates in a fully integrated platform that scales seamlessly with your organization. Quick and easy setup ensures smooth onboarding and a quick ramp-up of your team.
Planful partners with Agra (Trintech) which is integrated within Planful's platform to offer an account reconciliation solution. This integration helps users streamline and automate reconciliation tasks.
Prophix One Intelligence enhances reporting and analysis with AI woven directly into the platform.
Embedded AI: Features like Chart Insights, Report Insights, and Contribution Insights provide instant narrative explanations in dashboards and reports, while Predictive Forecasting projects future outcomes with greater accuracy.
Transaction matching reconciles records during close, reducing errors and accelerating timelines. These capabilities save time and deliver the clarity finance teams need to understand performance.
Prophix Copilot: Knowledge Assistant to answer how-to questions and Task Assistant to complete actions in natural language, like distributing reports or running processes. Prophix Copilot reduces training time and simplifies everyday tasks, expanding team capacity by removing common bottlenecks.
Prophix One Agents: The Prophix One Reporting Agent generates plain-English insights with tables, charts, and ad hoc data views, while the Prophix One Budgeting Agent acts as a digital budgeting analyst. It can read data and deliver instant insights on budgets, update information and details with accuracy, and create new planning records without manual setup. Together, they eliminate manual reporting and planning bottlenecks, ensuring leaders have the confidence to act on timely, trusted data.
Unlike generic AI add-ons, Prophix delivers glass-box explainability, so every output is transparent and auditable, backed by HITRUST CSF and Responsible AI certifications. Built on a cloud-native foundation, Prophix can deploy new capabilities faster and scale instantly, providing finance professionals the clarity to understand results, and confidence to act decisively as finance moves towards autonomy.
Planful AI combines three assistant-style tools: AI Analyst, which uses generative AI for natural-language queries and data visualizations; the Predict suite (Signals and Projections), which applies machine learning for anomaly detection and to forecast baselines; and AI Help, which guides users through tasks in the platform. These features improve analysis and user support but remain assistive rather than agentic—they surface insights but do not execute workflows or automate reporting and budgeting end-to-end.
As we mentioned at the start of this post, choosing the right solution depends on your needs, and the needs of your team and your business. Features, integrations, and pricing all contribute to your choice too.
With Prophix One, as you and your team evolve, our platform evolves with you. Our purpose-built platform was built for finance leaders, by finance leaders, so you can uncover deeper insights and do your best work. Automation of data gathering and vital processes helps you maintain a reliable, centralized system for budgeting, forecasting, planning, consolidation, and account reconciliation efforts.
See what our customers are saying about Prophix One and why it’s the right financial performance management solution for them!
Ready to see what you can do with Prophix One™?
This blog post was last updated in December 2024 and is part of our ‘Prophix versus’ series. Check out Prophix vs. Fluence, Prophix vs. Lucanet, and Prophix vs. Vena.
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