Great Consolidating Tool for Companies with Multiple Entities
August 12, 2022
Great Consolidating Tool for Companies with Multiple Entities
Score 9 out of 10
Vetted Review
Verified User
Modules Used
- Structured Planning
- Dynamic Planning
- Reporting
- Consolidation
Overall Satisfaction with Planful
I use Planful for consolidation of our company's financials during month-end close. It is very helpful and efficient in organizing a central place to load and extract data from. We also use it to budget for the up coming years and to track metrics such as headcount, safety and fixed assets.
- Consolidating multiple entities
- Running Reports
- Ease of loading and extracting data
- Live reports extraction from web
- More user customizability in reports
- Report maker
- Saves a lot of time for close
- Easy to extract data at any given time
- Makes a central database for reporting
Planful has helped our finance department tremendously in terms of aggregating data from across our multiple entities and sister companies. This helps financial planning and analysis teams collaborate and determine how to function in cohesion.
Using one platform makes it simpler and more efficient for consolidations and reporting as multiple people can collaborate and contribute to the finance team as a whole. We have benefited by reducing our downtime, errors, and omissions from the financial data we use. I would say this is the main benefit as well as being user-friendly.
Do you think Planful delivers good value for the price?
Not sure
Are you happy with Planful's feature set?
Yes
Did Planful live up to sales and marketing promises?
I wasn't involved with the selection/purchase process
Did implementation of Planful go as expected?
I wasn't involved with the implementation phase
Would you buy Planful again?
Yes