Helped our Finance team scale with more great features in the pipeline
August 31, 2016

Helped our Finance team scale with more great features in the pipeline

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Modules Used

  • Modeling
  • Planning
  • Consolidation
  • Reporting and Analytics

Overall Satisfaction with Planful (formerly Host Analytics)

Our corporate finance team is the primary user of the interface although reports are circulated company wide. Host Analytics solves the business problem of having a consolidated cloud based planning tool. We got overwhelmed as a team with offline Excel files and having inconsistent numbers, that we needed a single consolidated source of truth and dynamic model.

Pros

  • Dynamic Modeling - Our team relies heavily on the planning model as it is dynamic to make various scenarios so we can update our forecasts in real-time.
  • Reporting is a major pro in Host - We use it as our single source of truth for all actuals related to OPEX, CAPEX and headcount.
  • User Interface - While it takes a while to get a feel for the system, it is really flexible and easy to update templates as business needs change.

Cons

  • Formatting has been a major pain in Host. It is very limited and does not match the type of formatting that we use to produce board quality reports and charts.
  • Usage on Google Chrome browser is limited - Some modules are not accessible within Chrome and must be used through Internet Explorer.
  • Saves time by housing everything in one system
  • Allows for flexibility in modeling with consolidated and consistent numbers
Host is a lot more user friendly to build out models. We do all of our model building in-house whereas when my company was using Anaplan, we were required to hire outside consultants to build out or even modify various models that we needed built. Host allows for a lot more autonomy as our team is self-sufficient within the tool.
Host is very flexible and it's great for building planning models. We have found it to be a lot easier to manage than models housed within Excel as you need to do less upkeep (linking across files, updating mapping multiple times etc). Overall we are very happy with Host as a product although no cloud solution is perfect. We are excited by the new releases every month as the features continue to improve!

Planful Feature Ratings

9.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
5
10.0
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
Not Rated
6.8
Financial Statement Reporting
6
Management Reporting
6
Excel-based Reporting
10
Automated board and financial reporting
5
XBRL support for regulatory filing
Not Rated
10.0
Personalized dashboards
10
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
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

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