Planful, great budgeting and reporting tool!
August 14, 2022

Planful, great budgeting and reporting tool!

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Modules Used

  • Dynamic Planning
  • Reporting

Overall Satisfaction with Planful

We use Planful as our budgeting and P&L reporting tool. Prior to Planful, everything we did was in Excel. Now we are able to pull real-time reporting and build dynamic reports that are adaptable for any area of the business. We also use it for our annual budgeting tool.

Pros

  • Reporting
  • Budgeting
  • Planning

Cons

  • User functionality
  • Ease of building reports
  • Unlimited users/different levels of users
  • Moved us from Excel based reporting to a dynamic tool.
  • Diminished budgeting time in half.
  • Allows for faster month-end reporting.
  • Allows for Operational efficiency.
We are able to publish our P&Ls much faster than we did before. This allows for our field teams to get their information in a more timely manner in order to make changes at the hospital level. At the moment, only our finance and accounting teams have access to the data but we do have plans to allow different role-based items in the future.
Benefited extremely. We have been able to move all of our budgeting and planning into Planful, rather than utilizing massive spreadsheets in Excel. Now we are able to go into one system that syncs with our Accounting ERP and the information is there. There is no need to upload or download or splice together a bunch of reports.
We use Sage Intacct for our Accounting ERP but found that their budgeting and reporting tool would not grow with our company. We had to find something that could accommodate large growth and be able to pull in data from different systems to get the right answer. We weren't able to do that with Intacct, but with Planful, we could pull from Intacct and Dayforce and have the right info all in one spot.

Do you think Planful delivers good value for the price?

Yes

Are you happy with Planful's feature set?

Yes

Did Planful live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Planful go as expected?

I wasn't involved with the implementation phase

Would you buy Planful again?

Yes

We evaluated multiple software before deciding to go with Planful for our budgeting software. We needed a tool that was adaptive and could grow with our company. We are acquiring hospitals weekly and needed something that could sync with our Accounting ERP and our Payroll/HR software. Planful gives us the ability to sync and have real-time data and can pull live reports. It also allows for just to calculate our P&L within the system.

Planful Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
8
Scenario modeling
8
Management reporting
10
Financial data consolidation
10
Journal entries and reports
7
Multi-currency management
Not Rated
Intercompany Eliminations
8
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
10
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
Personalized dashboards
6
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Pixel Perfect reports
10
Customizable dashboards
8
Report Formatting Templates
10
Drill-down analysis
10
Formatting capabilities
10
Report sharing and collaboration
10
Publish to Web
10
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
10
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Predictive Analytics
8
Multi-User Support (named login)
8
Role-Based Security Model
7
Multiple Access Permission Levels (Create, Read, Delete)
7
Responsive Design for Web Access
10
Dashboard / Report / Visualization Interactivity on Mobile
9

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