Great Consolidating Tool for Companies with Multiple Entities

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.

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.