Prophix One™: Winning over finance teams and industry experts

Since its official launch in early 2024, Prophix One has altered the landscape for the office of the CFO by providing an intuitive platform that automates data collection and key processes, relying on a single source of truth for budgeting, forecasting, planning, reporting, consolidation, and account reconciliation. In just a few months, we’ve heard from finance leaders, both new to Prophix and longtime users, who are seeing immediate returns from the platform as they streamline processes, enhance decision-making, and drive business growth, all from a single point of entry and authentication.

And now Prophix One is starting to turn heads across the industry.

Award wins from leading industry analysts

We’re thrilled to share news that Prophix has received recent awards from two of the finance industry’s most prestigious and data-driven research organizations, Dresner Advisory Partners and Ventana Research (now part of ISG).

Prophix received an Industry Excellence Award from Dresner Advisory Partners as an Overall Leader in Enterprise Performance Management. These annual awards acknowledge vendors who have achieved at least one leadership position in Dresner’s flagship 2024 Wisdom of Crowds® EPM Market Study. Download a copy of the report here.

Prophix achieved status as an overall leader in both industry-rating models contained in the study:

• The Customer Experience model considers customers’ real-world experience as they work with a vendor’s technology solution daily, plotting the various customer touch points against sentiment surrounding product and technology.
• The Vendor Credibility Model considers a vendor’s relationship with customers, plotting perceived value for price paid against a calculated “confidence” score.

The Industry Excellence awards recognize vendors who demonstrate best in class performance across all 33 categories of measurement including integration, overall usability, experience and value, and overall integrity. Prophix has maintained a “perfect recommend” score since 2015.

Highlighted by the launch of Prophix One, we were also recently named a winner of the Ventana Research Digital Innovation Awards in the Office of Finance category, which honors software providers that are demonstrating outstanding innovation in applications and technologies that empower financial teams.

Now in its 17^th year, the Ventana Research Digital Innovation Awards recognize software providers with exceptional technology innovations that enhance business and IT performance. These awards highlight advancements in productivity and efficiency across several categories, from Analytics and Data to Operations & Supply Chain, plus an Overall award. Winners this year include luminaries such as Salesforce, IBM, Oracle and Salary.com.

Prophix One was selected the Office of Finance winner from a group of finalists that included two other well-known FPM platforms.

Ongoing recognition from industry experts

And these awards coincide with several recent analyst reports that have recognized Prophix, including:

• Prophix was named a Leader in the IDC MarketScape: Worldwide Enterprise Planning, Budgeting, and Forecasting Applications for Mid-Market Organizations 2024 Vendor Assessment. The IT industry analyst recognized Prophix for its deep domain expertise in specific industry verticals, including construction and higher education.
• Based on direct customer feedback, Prophix earned 29 leading positions across its four designated peer groups in BARC’s Planning Survey 24. Among these groups, Prophix ranked number one in worldwide Sales Experience, Vendor Support and Reporting & Analysis.
• Prophix was included as a Key Competitor in the 2024-2025 BPM Partners’ Vendor Landscape Matrix for Financial, Operational, and Strategic Business Performance Management. Customers identified Prophix’s core strengths as “intuitive, product flexibility, short payback period, easy expandability, complete consolidation.”

There are several factors that contribute to an organization winning awards and recognition within industry reports and assessments. Relationships are critical for both vendors and industry analysts to produce the best results, and we're grateful to the analyst community who have taken the time to learn about Prophix One over the past year.

But more importantly, these analysts use the data provided to them from direct and honest feedback by customers, prospective users, and partners that genuinely understand what’s needed to overcome financial pain points. We’re tremendously proud of any contributions we’ve made to our customers’ success and are confident that with Prophix One, any organization can embrace next-gen finance.

To learn more, download The Ultimate Guide to Next-Gen Finance, a blueprint for adapting to the changing finance landscape, understanding key trends in the Office of the CFO, evaluating a platform, and accelerating your career in finance.