Planful is our only solution for planning, reporting and consolidation
November 08, 2022

Planful is our only solution for planning, reporting and consolidation

Michael DeFries | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Modules Used

  • Structured Planning
  • Dynamic Planning
  • Reporting
  • Consolidation

Overall Satisfaction with Planful

We use Planful for financial reporting, consolidation, planning, modeling, and revenue analytics. We collect forecasts from all of our leaders around the world and Planful makes it easier to load and roll those templates up. As an international company, we do significant Fx variance impact and analysis, Planful makes this easy and accurate in a way that other systems I've used do not. Consolidation of multiple ledgers around the world is seamless once properly set up. Reporting experience is fluid and simple for unsophisticated users but versatile enough that experienced users can design some pretty cool outcomes for users.
  • Reporting in Spotlight and the PCR is best in class.
  • Alternative Fx scenario analysis is very good and fast
  • Consolidation is seamless and never breaks
  • The spotlight Excel add-in breaks sometimes and needs to be reinstalled.
  • New features are great, but users care more about the existing features being flawless.
  • The entire Finance organization leverages this application in one way or another. There is no question this tool is a force multiplier making the department materially more productive.
  • Sales leaders and department heads use Planful for submitting forecast templates for easy roll-up and evaluation
  • Finance leaders use Planful for modeling scenario analysis
Department heads and sales leaders can log in and update their planning templates and then click save and the roll-up is pretty much there depending on the level of manipulation post contributor the finance team wants to leverage. Furthermore, they can then view the submitted data in reporting with more context in terms of historicals, etc.
I still use multiple platforms for information integration exercises, but Planful is our primary tool for Financial Reporting, consolidation, and planning. It's a time save that all 3 are in the same place.
They all have pretty similar functionality, I liked Planful because it was all cloud-based and we didn't have to buy a bunch of hardware. Spotlight dynamic planning I felt was the most versatile available at the time, not sure if it still is, and I liked the idea of building the planning tool exactly how I wanted it I don't like being forced into a procedural structure because that's how other companies do it.

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

Consolidating and reporting financials collecting and aggregating multiregional forecasts revenue analytics Fx scenario analysis.

Planful Feature Ratings

Long-term financial planning
7
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
10
Intercompany Eliminations
10
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
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
10
Key Performance Indicator setting
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
8
Drill-down analysis
7
Formatting capabilities
10
Report sharing and collaboration
8
Publish to Web
Not Rated
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
10
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Predictive Analytics
Not Rated
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
10
Responsive Design for Web Access
1
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated