Planful vs. Quantrix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Planful
Score 8.5 out of 10
Enterprise companies (1,001+ employees)
Planful is a cloud-based enterprise performance management (EPM) suite. It includes financial applications for modeling, planning, consolidation, reporting and analytics.N/A
Quantrix
Score 7.4 out of 10
N/A
Quantrix is designed to allow users to address the limitations and risks inherent to spreadsheets when developing business-critical models. According to the vendor, this solution offers unmatched capability for forecasting, planning, budgeting, risk modeling and visual analytics, and also allows users to develop ‘what if’ scenarios and model the financial and operational impact of business decisions. Additionally, the vendor says sharing insight is made easier through the creation of interactive…N/A
Pricing
PlanfulQuantrix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
PlanfulQuantrix
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsQuantrix Modeler is licensed on a per user subscription basis.
More Pricing Information
Features
PlanfulQuantrix
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Planful
7.8
32 Ratings
3% below category average
Quantrix
-
Ratings
Pixel Perfect reports8.414 Ratings00 Ratings
Customizable dashboards7.428 Ratings00 Ratings
Report Formatting Templates7.626 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Planful
7.9
59 Ratings
5% below category average
Quantrix
-
Ratings
Drill-down analysis8.657 Ratings00 Ratings
Formatting capabilities7.258 Ratings00 Ratings
Report sharing and collaboration7.854 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Planful
7.5
47 Ratings
9% below category average
Quantrix
-
Ratings
Publish to Web7.112 Ratings00 Ratings
Publish to PDF7.843 Ratings00 Ratings
Report Versioning6.027 Ratings00 Ratings
Report Delivery Scheduling9.230 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Planful
6.3
22 Ratings
19% below category average
Quantrix
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)6.215 Ratings00 Ratings
Predictive Analytics6.518 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Planful
9.1
58 Ratings
4% above category average
Quantrix
-
Ratings
Multi-User Support (named login)9.652 Ratings00 Ratings
Role-Based Security Model8.950 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.951 Ratings00 Ratings
Report-Level Access Control8.09 Ratings00 Ratings
Single Sign-On (SSO)9.943 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Planful
7.4
25 Ratings
8% below category average
Quantrix
-
Ratings
Responsive Design for Web Access7.423 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.515 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Planful
8.7
106 Ratings
4% above category average
Quantrix
9.3
12 Ratings
11% above category average
Long-term financial planning8.793 Ratings9.711 Ratings
Financial budgeting9.0105 Ratings9.012 Ratings
Forecasting8.798 Ratings10.012 Ratings
Scenario modeling8.085 Ratings9.012 Ratings
Management reporting9.1102 Ratings9.012 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Planful
7.6
79 Ratings
6% below category average
Quantrix
8.0
7 Ratings
1% below category average
Financial data consolidation9.671 Ratings8.36 Ratings
Journal entries and reports8.454 Ratings00 Ratings
Multi-currency management8.047 Ratings8.44 Ratings
Intercompany Eliminations7.646 Ratings00 Ratings
Minority Ownership4.523 Ratings8.04 Ratings
Local and consolidated reporting7.557 Ratings8.77 Ratings
Detailed Audit Trails7.856 Ratings6.75 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Planful
8.1
106 Ratings
2% below category average
Quantrix
9.0
12 Ratings
9% above category average
Financial Statement Reporting8.589 Ratings9.010 Ratings
Management Reporting9.199 Ratings9.012 Ratings
Excel-based Reporting8.398 Ratings00 Ratings
Automated board and financial reporting7.672 Ratings9.011 Ratings
XBRL support for regulatory filing7.13 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Planful
7.2
61 Ratings
11% below category average
Quantrix
8.5
12 Ratings
5% above category average
Personalized dashboards7.553 Ratings8.012 Ratings
Color-coded scorecards7.231 Ratings6.45 Ratings
KPIs8.540 Ratings10.010 Ratings
Cost and profitability analysis9.441 Ratings8.610 Ratings
Key Performance Indicator setting7.431 Ratings10.011 Ratings
Benchmarking with external data3.18 Ratings8.210 Ratings
Integration
Comparison of Integration features of Product A and Product B
Planful
7.8
97 Ratings
7% below category average
Quantrix
9.0
12 Ratings
8% above category average
Flat file integration9.669 Ratings9.012 Ratings
Excel data integration7.789 Ratings9.012 Ratings
Direct links to 3rd-party data sources5.964 Ratings9.012 Ratings
Best Alternatives
PlanfulQuantrix
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
PlanfulQuantrix
Likelihood to Recommend
8.7
(115 ratings)
7.0
(12 ratings)
Likelihood to Renew
8.3
(18 ratings)
-
(0 ratings)
Usability
8.2
(17 ratings)
8.2
(1 ratings)
Availability
8.2
(4 ratings)
-
(0 ratings)
Performance
7.7
(2 ratings)
-
(0 ratings)
Support Rating
7.8
(18 ratings)
-
(0 ratings)
In-Person Training
6.4
(2 ratings)
-
(0 ratings)
Online Training
8.2
(1 ratings)
-
(0 ratings)
Implementation Rating
2.3
(7 ratings)
-
(0 ratings)
Configurability
8.2
(2 ratings)
-
(0 ratings)
Ease of integration
5.5
(1 ratings)
-
(0 ratings)
Product Scalability
8.2
(2 ratings)
-
(0 ratings)
Vendor post-sale
7.8
(3 ratings)
-
(0 ratings)
Vendor pre-sale
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
PlanfulQuantrix
Likelihood to Recommend
Planful
Planful makes it very easy to roll forward forecasts and conduct scenario analyses. I'm also a big fan of their reporting and how easy it is to distribute a report burst to satisfy all the needs and questions of our SLT. Lastly, their latest developments in the AI space make it easy to quickly identify outlier projections.
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Quantrix
If you find yourself in the ocean of traditional spreadsheets, overwhelmed by broken links, errors, model audit problems, hardwiring, etc. here is a lifebuoy for you. If you want to have full flexibility in your budgeting and forecasting in contrast to ERPs with rigid structures and one-size-fits-all concept. If you are small or medium size company and do not want to invest in costly enterprise solutions. If you need a fast implementation https://youtu.be/5W_q5Xhw5fg
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Pros
Planful
  • Creating forecasts for the month, quarter, and year
  • Creating new variables by using variables pre-defined and that are new in the system
  • Having a very simple setup in the reports section - not straying away from the old Excel model which most people are used to. I can speak for a lot of people when I say that tools that look new can easily be frightening! 😅
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Quantrix
  • Building complex financial planning model availing of a multidimensional data structure coupled with a powerful formula language, with the immediacy and intuitiveness typical of spreadsheets
  • Implement quickly model modifications (new products, new scenarios, new time periods) simply adding new "items" to "categories" (corresponding to dimensions in a multidimensional data model)
  • Scale up models to very large datasets with very fast computation times
  • Easily import data from text files, other Quantrix models and external databases via DataLink and DataNAV
  • Save snapshots of tables computed in Quantrix to external databases via DataPush
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Cons
Planful
  • Multiple currency calculations/ consolidations support IFRS accounting
  • Ability to inactivate old data dimensions
  • Reporting - Need ability to expand all/collapse all lines easily
  • Reporting - Formula exceptions added to a report do not update when information is revised.
  • Automatic Sandbox refreshes initiated by Planful - When Planful does an automatic refresh of the sandbox environment, it copies any Boomi/integration connections.
  • Limited to 8 data dimensions in core application
  • Add more API connectors to make data integration easier
  • ability to transfer sandbox tests to production environment
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Quantrix
  • Hard to be critical of the Quantrix team as I know they strive to produce the best product possible. I suppose the next thing on my wish list would be the application of the new Solver functionality to be available in the Qloud.
  • A big help for new users would be a good book on transitioning from Excel or other environment into Quantrix. I know first hand it can be difficult to transition when having to learn the program through a help guide, forums and tech support. I had a lot of trial and error in my journey to producing the desired models. On one hand it was a valuable method as it taught me a lot of what not to do, but I will admit it was not the most efficient way to do things.
  • Would also love to see local user groups being formed at some point in the future. Quantrix puts on a fantastic conference once a year in beautiful Maine, but it is a big journey for someone in Southern California (and limited to one or two days a year). I would like to see some local chapters formed in different areas of the country so local Quantrix users can get together more often and collaborate (maybe a quarterly or semi-annual meetup?). Our Quantrix community is still relatively small and may be a difficult task for some areas, but is also the very reason why this would be great idea.
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Likelihood to Renew
Planful
Our new Comptroller understands the value of Planful, and we plan to utilize it further in the organization to enhance external reporting. Strangely enough, Planful had not previously been embraced by the former CFO, who argued that we were running two sets of books (of course, we were not). Fortunately, the before mentioned reconciliation of EBITDA to Net Income demonstrated that to the banks.
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Quantrix
No answers on this topic
Usability
Planful
Planful is very easy to use for end users. The budget templates can be customized to meet the business needs. They just released business user experience functionality which you to take a complicated budget template and filter it down to meet departmental needs to avoid sending more lines than needed
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Quantrix
For a newbie it can be difficult until you get the hang of the system. Quantrix is a very logical system, once you understand its underlying ideas.
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Reliability and Availability
Planful
I only give a 9 rating rather than a 10 rating because it seems that every day around 2pm we see a slowdown in the use of Planful. I have requested our internal IT department verify that it is not an internal issue and have been assured it is the tool. We have not yet reached out to Planful to do extensive research to solve this issue.
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Quantrix
No answers on this topic
Performance
Planful
Again, the system is very reliable and, for the most part, runs very quick and smooth. When running larger queries, it does take some time, and during budgeting season our users experienced slower loading times, but nothing that raises concerns outside of normal network issues. Occasionally, as with any software we use, it will crash and you have to restart, but that does not happen very often.
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Quantrix
No answers on this topic
Support Rating
Planful
Sometimes we get great help when using Planful's support team and other times we don't. In particular, there is one person that often responds to our support tickets who is less than helpful, hence the reason for the 5 out of 10 rating. As a result, most of the time we reach out to our Planful consulting group as they provide faster and better support
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Quantrix
No answers on this topic
In-Person Training
Planful
We got little training on the tool after implementation. Did a lot of "trial by fire" learning about Planful. I don't think RSM really provided us all the details we needed to understand the tool and to know what we needed to train on. I don't know we knew enough about the tool to even ask the right questions and then they left and we used Planful support a lot.
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Quantrix
No answers on this topic
Online Training
Planful
A few years ago I participated in a lot of their online learning. Their references have grown over the years and continue to get better and better. We use it throughout the year to update the information we hold internally for documentation and to educate ourselves on all of the new release notes and features within Planful.
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Quantrix
No answers on this topic
Implementation Rating
Planful
After going through the initial implementation with Host Analytics and a re-implementation with Cervello (due to an ERP change, not due to a poor initial implementation), I've learned that you really must rely on your internal staff to bear most of the implementation burden. Use the vendor or partners for ideas and best-practice suggestions, and some of the easy-but-time-consuming work. Since you will ultimately be using and maintaining the application, you should be able to do most of it yourself.
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Quantrix
No answers on this topic
Alternatives Considered
Planful
Planful seems to do a better job of pulling things in a format that is more understandable to an accounting-minded person, whereas the other platforms seem more focused on operations. From a detail perspective, Planful provides more powerful and complete data, in my experience. When using a platform for financial planning and budgeting, the details are critical and the ability to match the GL structure and pull full P&L data has been a big improvement from Qlik, which we used previously.
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Quantrix
Overall, I was not part of the ultimate decision to purchase Quantrix. I terms of user-friendliess and robust reporting capabilities I do think Tableau has Quantrix outclassed. That being said, Quantrix does provide more in-depth analyses for our relevant data and provides better modeling for our forecasts out of the box. The accuracy of the tools output is also much better
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Scalability
Planful
I give this rating simply because I have first-hand knowledge of the scalability of Planful when working across departments in our company that use different financial systems. We have one team on InEight and another using SAP. When we implemented it, we only customized the system to accommodate one of these financial platforms, but when we considered expanding the use of Planful to other departments, we were able to make the necessary adjustments to accommodate our needs.
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Quantrix
No answers on this topic
Return on Investment
Planful
  • We have saved a large amount of time on reports that we previously manually compiled in Excel via MS Dynamics. Planful was linked to Dynamics through automatically scheduled DLR's, reports were created, and now our manual processes are as simple as accessing and refreshing a report.
  • Dashboards have improved our budgeting process specifically with our production leaders as they can visualize their P&L's, their current actuals, current budget, and see where they are forecasting with their proposed budget for the next year
  • With the use of templates, structured planning, and the Simulation Engine, it has added a lot of value and automation to our annual budget process, allowing for plug-and-play type data loading and viewing various scenarios easily
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Quantrix
  • Capacity forecasting used to take hours to calculate with a ton of manual modifications. Quantrix has automated that so a model can be updated at any time with a click of a button
  • The accuracy of the models is incredible. It took some tweaking to add in data scubbers, but now it runs almost flawlessly
  • The confidence the management teams have in the output of the model is amazing. Before, people would question the output, have you rebuild it, and then compare. Now the report comes out and the output has high confidence.
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ScreenShots

Planful Screenshots

Screenshot of Planful Planform DashboardScreenshot of Planful for FinanceScreenshot of Planful for MarketingScreenshot of ReportsScreenshot of Capacity Planning TemplateScreenshot of Integrations

Quantrix Screenshots

Screenshot of Screenshot of Screenshot of