Prophix, a global leader in developing Corporate Performance Management (CPM) software, announced today that it received high scores in industry analyst evaluations of its software. Studies released by Dresner Advisory Services and Gartner Inc. evaluate CPM application vendors with respect to a number of criteria.
Dresner Advisory Services – Wisdom of Crowds® Enterprise Planning Market Study
The Dresner study concluded: “A member of the Large Established Pure-Play market segment, Prophix is its leader. It scored above peer and overall averages and is best in class for virtually all measure across sales, value, technology/product, technical support, consulting services and integrity. It has a perfect recommend score.”
The study places Prophix in the Established Pure-Play category using 33 different criteria, on a five-point scale to evaluate companies.
The Dresner study found Prophix ratings strong in the following areas:
- Ease of customization
- Ease of administration
- Overall usability
Criteria covered includes: sales/acquisition experience, value for price paid, quality and usefulness of product, quality of technical support, and quality of consulting services, vendor recommendation and integrity to determine software supplier performance.
Gartner Inc. – Critical Capabilities for Corporate Performance Management Suites
According to Gartner, “This research analyzes how successfully the selected vendors support core CPM processes, as well as their strategic use and ease of adoption. This analysis differentiates the appropriateness of each vendor’s solution based on organizational size. This generally reflects use-case complexity, and the related need for more diverse functionality and application customization.”
In the Public/Private (Less than $250 Million) Use Case, 1 of 4 use cases included in the report, Prophix appeared in the upper quartile with a score of 3.92 on a 5.0 scale.
As part of this research, Gartner conducted a survey of organizations using CPM products from September 2014 to November 2014. The survey participants were customer references nominated by each of the 17 CPM suite vendors included in “Magic Quadrant for Corporate Performance Management Suites.” These surveyed customers were asked 20 specific questions about their experiences with their CPM vendors and solutions; Gartner obtained 449 full responses. In addition to the survey results, Critical Capabilities research is also the result of the significant consideration of extensive information evaluated from ongoing Gartner CPM reference visits and calls. These interactions serve as a critical component of vendor evaluation.
“Our mission is to empower businesses with user friendly performance management solutions,” said Paul Barber, Prophix’s CEO. “Our customers have spoken loud and clear. We believe that Prophix is easy and intuitive to use.”
Dresner – Prophix webcast
Join us as author and Chief Research Officer Howard Dresner discusses his analysis and findings in the “Wisdom of Crowds®” series study on Enterprise planning. Learn why the study concluded that Prophix “has a perfect recommend score,” amongst other vendors. Howard and Prophix COO, Alok Ajmera, will discuss some of the key findings from the study and real world challenges growing businesses need to consider for planning and related solutions.
Dresner, Survey Analysis: Wisdom of Crowds® Enterprise Planning Market Study, Howard Dresner, Jim Ericson, 22 June 2015.
Gartner, Inc. “Critical Capabilities for Corporate Performance Management Suites” by Christopher Iervolino, John E. Van Decker, July 27, 2015.
Gartner, Inc. “Magic Quadrant for Corporate Performance Management Suites” by Christopher Iervolino, John E. Van Decker, April 2, 2015.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Prophix Software
Prophix develops innovative software that automates critical financial processes such as budgeting, planning, consolidation, and reporting—improving a company’s profitability and minimizing their risks. Prophix provides the right balance of simplicity and depth, delivering CPM software that is easy, powerful, and collaborative. For everyone. Thousands of forward-looking organizations in nearly one hundred countries use software from Prophix to gain increased visibility and insight their into business performance. For more information, visit eventsprophix.wpengine.com.
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