Planful

Score8.4 out of 10

289 Reviews and Ratings

What is Planful?

Planful is a cloud-based enterprise performance management (EPM) suite. It includes financial applications for modeling, planning, consolidation, reporting and analytics.

Categories & Use Cases

Media

Screenshot of the Planful Planform Dashboard

Screenshot of a Capacity Planning Template

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Screenshot of the Planful Planform Dashboard

Single Sign-On (SSO)
Allows users to use one set of login credentials to access multiple applications
Category average: 8.6
Flat file integration
Integration of flat files like text documents and comma separated files
Category average: 8.4
Direct links to 3rd-party data sources
Integration with external applications like ERP, CRM, HCM
Category average: 7.8

Responsive Design for Web Access
Web design aimed at producing easy-to-read sites across a range of different devices.
Category average: 7.3
Color-coded scorecards
Track and analyze performances with interactive, color-coded balanced scorecards.
Category average: 8
Dashboard / Report / Visualization Interactivity on Mobile
In-app dashboard reports and data visualization.
Category average: 6.7

Most Frequent Users

Top 3 industries using Planful.

Based on HG Insights installation data

View all Reviews

#1 most frequent

Manufacturing

19.3%

120 installations of 623

“Reduced Accounting Close by 2 days.”
— Accounting Manager, Luna Innovations (Mid-sized Companies)

#2 most frequent

Professional, Scientific, and Technical Services

17.8%

111 installations of 623

“Planful has reduced time to generate dynamic reports immensely. Cannot give hard figures”
— BI Analyst (FPnA Manager), Nisum (Enterprises)

#3 most frequent

Information

17.7%

110 installations of 623

Pros

Robust financial reporting and customizable report generation
Comprehensive budgeting and forecasting tools for detailed modeling
Efficient financial data consolidation from diverse sources

Cons

Dynamic planning features are perceived as unintuitive and clunky
Limited flexibility and customization for complex reporting
Dashboard features are basic, lacking advanced visualization options

Ben Watts View profile

Accounting Manager in Finance and Accounting at Luna Innovations (201-500 employees)

Use Cases and Deployment Scope

We use Planful as our budgeting and consolidation software for our whole company which is comprised of many legal entities and multiple ERP systems. By having a single source to consolidate all of our financial information, it has vastly improved our reporting and budgeting process to where we can spend more time analyzing the results.

Pros

Reporting Capabilities
Budgeting and Forecasting
Foreign Currency Translation

Cons

Limited visualizations. There is a dashboard with basic visualizations but they are limited. Additionally, its very difficult to include visuals in a report collection distribution.

Return on Investment

Reduced Accounting Close by 2 days.
It has improved our reporting capabilities by allowing us to report in Business Units and produce cash flow statements.
More visibility into what is driving our variances from budget and has allowed us to identify cost savings

Other Software Used

NetSuite ERP, Workiva

Karthik Sriram Lakshmi Narasimhan View profile

VP FP&A in Finance and Accounting at Parabilis Medicines (51-200 employees)

Use Cases and Deployment Scope

We use Planful for budgeting and forecasting. It is an easy-to-use tool with some good reporting capabilities. It allows us to perform a monthly budget-to-actuals analysis and prepare quarterly reforecasts.

Pros

Easy to import data.
Easy to build reports.
Easy to integrate with Oracle Netsuite.

Cons

Incorporate more of the agentic AI features into base product.

Return on Investment

Saved a lot of time that we used to do manual data entry.

Alternatives Considered

Anaplan, Workday Adaptive Planning and DataRails

Other Software Used

NetSuite ERP, Prendio

Willy Zhang

Corporate Financial Reporting Manager in Finance and Accounting at American Rheinmetall (5001-10,000 employees)

Use Cases and Deployment Scope

We have 3 separate companies with 3 separate ERP systems. Planful is our consolidation tool so that we can consolidate all the financial data seamlessly. Also, we utilize Planful for budget and forecasting.

Pros

Consolidation of financial data
Budget and forecasting
Custom reporting

Cons

Ease of use
Auto refreshing more frequently

Return on Investment

Timeliness of financial information
Accuracy of financial information

Other Software Used

Deltek Costpoint

Jennie Rush View profile

Sr. Financial Business Specialist in Finance and Accounting at Kiewit (501-1000 employees)

Use Cases and Deployment Scope

We use Planful ) at a department level here for budgeting and forecasting our department costs. It is helping us manage our workforce as well as stay on budget for the year. We have been able to complete a rolling forecast and allows our money managers to budget better than they ever have in the past. Because we are doing so well managing our finances, we’ve recognized ways that we can help other home office depts be more successful in their workforce planning and financials. In 2021, had Kiewit Technology Group not used Planful, we may not have been under budget. So, our dept being under budget resulted in All Overhead Depts coming in under budget.

Pros

Workforce Planning Enhancements have been huge for our dept.
Support has increased significantly since we started four years ago
They are able to be used on Cloud
Providing customers monthly releases of enhanced/new products
Always working with their customers on how they can better the tool

Cons

Need to make some manual processes automatic
Would like to allow hierarchies to be scenario specific
Would like a PowerBI integration

Return on Investment

Increased awareness of financials by our money managers
Coming under budget last year was a huge accomplishment for us and made us look like rockstars to all overhead depts.
Reporting is quick and easy to use
REPORTING! At the click of a button, we have Actuals for our entire dept. Our managers can update their forecast and in seconds, all their reports are up to date.
We’ve created a solid Month End Process & Financial Calendar for our money managers that lays out all important dates (month end close, variance meetings, projections due, etc).
We also created additional GL’s (PTO Taken/Attrition) in our Opex Template. We specifically broke those out so that our money managers could see them, and they weren't all bundled up in one compensation item.

Other Software Used

SAP Concur, SAP SuccessFactors, Microsoft Power BI, Tableau Desktop

Usability

Verified User

Consultant in Finance and Accounting (1001-5000 employees)

Use Cases and Deployment Scope

Planful is used for group consolidation, management and board reporting. Planful was implemented to provide a one source of truth of company financials as well as customer revenue segmentation and analysis. Prior to Planful group consolidation was performed in Excel which as flexible as is has few financial control options and can easily be corrupted.

Pros

Group consolidation of actuals into a single group Chart of Accounts
Holds multiple scenarios of Forecasts (if required) as well as Budget info which can be locked down with user specific access controls
Can leverage metadata to enhance management reporting and insight
Can connect to multiple source via its Boomi API

Cons

For bespoke management reports data usually has to be taken out of Planful and into a BI or Excel environment to further customise graphs or look and feel
Consolidation scenarios involving detailed or sub-group consolidation processes need additional licences

Return on Investment

Planful has shaved off a few days from the month end reporting providing a single lens of actuals and budget data
Reports are now visible and published to not just finance users but operational and divisional directors allowing for visibility into customer specific revenue analytics and current performance against Budget or Forecast
Drill through capability has allowed the business to review detailed transaction info and supplier cost not previously analysed
ROI is calculated approximately at around 18-24months from start of implementing Planful

Planful

What is Planful?

Categories & Use Cases

Media

Planful Key Features

Top Performing Features

Single Sign-On (SSO)

Flat file integration

Direct links to 3rd-party data sources

Areas for Improvement

Responsive Design for Web Access

Color-coded scorecards

Dashboard / Report / Visualization Interactivity on Mobile

Who Buys & Uses Planful

Most Frequent Users

Manufacturing

Professional, Scientific, and Technical Services

Information

Most Frequent Users

Small Businesses

Mid-sized Companies

Enterprises

Most Frequent Users

United States of America

United Kingdom of Great Britain and Northern Ireland

Canada

Most Frequent Users

Finance

Engineering

IT

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