Compare Tagetik 4-0 and Prophix - Nov 2022

Shlomi Lavi

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Bottom Line: Which is Better - Tagetik 4-0 or Prophix?

Tagetik 4-0 is more expensive to implement (TCO) than Prophix, and Prophix is rated with the same score (85/100) as Tagetik 4-0 (85/100). Tagetik 4-0 offers users more features (14) than Prophix (3).

Looking for the right Business performance management solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Tagetik Vs. PROPHIX Software

Tagetik : Founded in 1986, Tagetik is a trusted provider of Corporate Performance Management and Business Intelligence software for budgeting, forecasting, financial consolidation, close, reporting, disclosure and more. Tagetik is one of the fastest growing global software companies in the Performance Management software industry.

PROPHIX Software: PROPHIX UK has been delivering budgeting, forecasting, reporting, consolidation, personnel planning and other financial functions in a single solution since 1987.The mission of PROPHIX UK is to be a customer focused organisation providing high value and innovative financial performance management software and services to our customers.Designed spec...

Who is more expensive? Tagetik 4-0 or Prophix?

The real total cost of ownership (TCO) of Business performance management software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Tagetik 4-0 and Prophix.

Tagetik 4-0 price starts at $50,000 per feature , On a scale between 1 to 10 Tagetik 4-0 is rated 10, which is much higher than the average cost of Business performance management software. Prophix accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Tagetik 4-0 is rated 10, which is much higher than the average cost of Business performance management software.

Bottom line: Tagetik 4-0 is more expensive than Prophix.

Which software includes more/better features?

We've compared Tagetik 4-0 Vs. Prophix based on some of the most important and required Business performance management features.

Tagetik 4-0: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Audit Trail, Balance Sheet, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Credit Card Processing, Depreciation, Fund-Accounting.

Prophix: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

Tagetik 4 is suitable for businesses of all sizes, but it is most widely used by large companies and enterprises. and Prophix's target customer size include: Medium and large size businesses.