Comparing Solver and Prophix: Which CPM Solution is Best for Acumatica ERP Users?

Corporate Performance Management (CPM) solutions are essential for businesses using the Acumatica ERP system to make informed financial decisions and improve overall performance. Two popular CPM solutions in the market are Solver and Prophix. Both solutions have their own unique features, but which one is best for businesses using Acumatica ERP? In this blog post, we will compare Solver and Prophix and highlight the top differences between the two to help businesses make an informed decision.

Before we dive into the comparison, it’s worth noting that both Solver and Prophix are well-regarded CPM solutions in the market. According to G2, Solver is ranked in the leader’s quadrant in the mid-market CPM solutions category and has a 4.5 out of 5-star rating based on user reviews. On the other hand, Prophix is also highly ranked in the same category with a 4.4 out of 5-star rating. You can view the ranking page real-time on G2 by visiting the following URLs:

Solver: https://www.g2.com/products/solver/reviews

Prophix: https://www.g2.com/products/prophix-software/reviews

Now, let’s take a look at the top differences between Solver and Prophix:

  1. Integration: Solver offers a native “QuickStart” connector with Acumatica ERP, which means that businesses can easily connect their financial data from Acumatica to Solver without the need for additional software or custom development. On the other hand, Prophix offers an integration which requires additional setup and configuration.
  2. Budgeting and forecasting: Solver offers a robust budgeting and forecasting module that allows Acumatica users to download ready-to-use templates as well as to create detailed budgets and forecasts with advanced forecasting algorithms. Prophix, on the other hand, has a more rigid budgeting and forecasting module because it uses a proprietary input form designer while Solver uses an Excel add-in for its template design.
  3. Reporting and analysis: Solver has a comprehensive reporting and analysis module that allows businesses to create customized reports and analyze their financial data in real-time. It also offers Acumatica users more than 50 ready-to-use reports. Prophix’s reporting and analysis module is proprietary, which may not be suitable for businesses that require the advanced reporting and analysis capabilities that Solver’s dynamic, cloud-connected Excel report designer does.
  4. Dashboards and scorecards: Solver offers more than 50 pre-built Power BI dashboards and scorecards that businesses can use to monitor key performance indicators (KPIs) and track their financial performance. Prophix’s proprietary native dashboards are more basic, which may not be suitable for businesses that require advanced analytics capabilities.
  5. Industry solutions: Solver offers an increasing number of industry solutions that comes with ready-to-use report and budget templates. Prophix also offer their solution across a variety of industries but with a more consulting driven customization approach to implementations.

In conclusion, Solver and Prophix are both reputable CPM solutions in the market, but they have different strengths and weaknesses. Businesses using Acumatica ERP that require advanced budgeting and forecasting, reporting and analysis, dashboards and KPI scorecards may find Solver to be a better fit for their needs. On the other hand, businesses that are looking for a more horizontal CPM solution for a variety of ERPs may find Prophix to be more suitable. Ultimately, businesses should evaluate their own specific needs and requirements before making a final decision.

 

Only Solver delivers a one-day rapid deployment, including free and instant access to $100K of value available on Day 1 in the Solver Marketplace. Solver is committed to helping you with all your advanced planning and reporting needs, so you can Accelerate Better Decisions – starting now.

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