Start-up using Planful
August 28, 2022

Start-up using Planful

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

Modules Used

  • Structured Planning
  • Reporting

Overall Satisfaction with Planful

I use Planful to provide reports vs. various benchmarks to upper management and the Board of Directors. Planful provides a tool for streamlining the reporting process and providing a drill down for more detailed analysis. By custom designing reports, Planful has provided more efficient and time-saving reports. We are a small start-up thus there is a limited system and people capacity. This tool has been beneficial in providing a more robust and accurate process.

Pros

  • Customization of reporting
  • Ease of uploading forecasts

Cons

  • Formatting of reports is inconsistently applied/retained
  • There are errors in some of the exception rule calculations
  • This has increased our visibility on performance vs. various benchmarks
  • Provided more accurate full financial reports
N/A, currently still manually aggregated by Finance then input into Planful.
Currently only use the reporting/financial planning functionality. This has allowed for more efficient tracking across various benchmarks.

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?

Yes

Did implementation of Planful go as expected?

Yes

Would you buy Planful again?

Yes

We are using Quickbooks, thus we have to do a manual upload into Planful. Although this process is manual and a bit tedious, I was able to develop an Excel template to streamline the process as well as create check templates to be able to quickly verify the data loads. The manual functionality is a great option for smaller companies with less detail/activity. We are in the process of implementing NetSuite which can have an automated feed of the actual financial information. I look forward to having that process in place to help make the process more streamlined.

Planful Feature Ratings

9.7
Long-term financial planning
Not Rated
Financial budgeting
10
Forecasting
10
Scenario modeling
Not Rated
Management reporting
9
Not Rated
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
9.0
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
Not Rated
Automated board and financial reporting
Not Rated
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Not Rated
Flat file integration
Not Rated
Excel data integration
Not Rated
Direct links to 3rd-party data sources
Not Rated
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
6.0
Drill-down analysis
8
Formatting capabilities
4
Report sharing and collaboration
Not Rated
Not Rated
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Predictive Analytics
Not Rated
Not Rated
Multi-User Support (named login)
Not Rated
Role-Based Security Model
Not Rated
Multiple Access Permission Levels (Create, Read, Delete)
Not Rated
Single Sign-On (SSO)
Not Rated
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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