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Incredible Value and Flexibility
July 13, 2016

Incredible Value and Flexibility

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Modules Used

  • Planning
  • Reporting and Analytics

Overall Satisfaction with Planful (formerly Host Analytics)

Host Analytics is currently being used in a reporting role. The system also performs management reporting consolidation which is different than GAAP & IFRS. Templates enable the system to perform inter-company eliminations, inventory reclassifications and consolidation of results. Reports are built within the system as well as with an Excel add-in.

Reporting is currently limited to management reporting but will extend to IFRS and GAAP in the near future. Additionally the company will be adding the spotlight reporting feature and expanding the use of dashboards. Host Analytics will continue to gain an expansive roll as we take advantage of the reporting tools and modeling capabilities.
  • Retrieving data in both summary and detailed levels.
  • Simplistic report creation and data refresh.
  • Complex granular forecasting requires significant build out requiring phases of templates for processing.
  • Simple data extracts are exported in a protected view requiring an extra step to manipulate every time data is exported.
  • The quick tool for data retrieval doesn't allow highlighting data to get a sum. Data has to be exported to Excel to quickly sum. Reporting screen allows the users to highlight cells for sum values but the other tool is faster to use for detailed data pulls.
  • The installation of Host Analytics has allowed the company to maintain the level of reporting required with fewer financial staff members.
  • Host Analytics is dramatically cheaper than Hyperion yet offers very similar tools and functionality.
Installation of Host Analytics is dramatically cheaper than Hyperion. The capabilities are very similar. Understanding data flow in Host Analytics is easier than Hyperion, allowing the analyst to quickly go to the source when researching data.
Host Analytics is a great tool for reporting. It's the best EPM tool I have used for reporting. The system is also easy to manage with virtually no IT interaction. It's simple to understand how the data flows through reports, where it originates and where to look for troubleshooting.

Planful Feature Ratings

8.2
Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
7
Management reporting
10
9.6
Financial data consolidation
8
Journal entries and reports
Not Rated
Multi-currency management
10
Intercompany Eliminations
10
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
10
10.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
Not Rated
8.5
Personalized dashboards
8
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
10
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
10.0
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
BI Standard Reporting ()
Not Rated
Ad-hoc Reporting ()
Not Rated
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
Access Control and Security ()
Not Rated
Mobile Capabilities ()
Not Rated