Compare Xero and Prophix - Nov 2022

Shlomi Lavi

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Bottom Line: Which is Better - Xero or Prophix?

Prophix is more expensive to implement (TCO) than Xero, and Xero is rated higher (94/100) than Prophix (85/100). Xero offers users more features (13) than Prophix (3). There is a clear winner in this case and it is Xero!

Looking for the right Core Accounting 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:

Xero Vs. PROPHIX Software

Xero : Xero was founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards. Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange and is a fast growing company with teams in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco, and Milton Keynes...

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? Xero or Prophix?

The real total cost of ownership (TCO) of Core Accounting 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 Xero and Prophix.

Xero price starts at $12 per month , On a scale between 1 to 10 Xero is rated 2, which is much lower than the average cost of Core Accounting software. Prophix accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Xero is rated 2, which is much lower than the average cost of Core Accounting software.

Bottom line: Prophix is more expensive than Xero.

Which software includes more/better features?

We've compared Xero Vs. Prophix based on some of the most important and required Core Accounting features.

Xero: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets, Purchase Orders, Data Analysis Tools, Forecasting.

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

Target customer size

Xero is best for small businesses, freelancers and non-profit organizations. and Prophix's target customer size include: Medium and large size businesses.