Planful Review 2022
Updated December 07, 2022

Planful Review 2022

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

Modules Used

  • Structured Planning
  • Dynamic Planning
  • Reporting

Overall Satisfaction with Planful

I use Planful on a monthly basis for forecast and P&L reporting. People are the huge assets of our company and we require lots of details to forecast each employee at a detail level such as billable hours and other hours. Planful can provide that level of details required. However, it's a little time consuming or duplicate efforts to manage two scenarios both actual and forecast. We used to have another system for forecast reporting that everything can be managed in one main page for employee details but it has issued of balancing. Now we have to open each employee to update the details. Of course Planful provides us better balancing tools on the reporting.

Pros

  • DLR - upload is fast and easy if it's done right.
  • Our consultant creates lots of reports to suit our business needs such as employee summary report.
  • It's easy to format the reports.

Cons

  • Planful is limited to just do reporting.
  • It needs to combine both actual and forecast scenarios into one screen.
  • We need to use it more to do analysis on top line such as revenue, Net revenue and gross margin besides bottom on people.
  • Planful provides a better accurate reporting.
  • It saves time in compared to use excel spreadsheets.
  • It has the power to analyze the business trend once the data is uploaded.
As a financial business analyst, I collect the data from the business teams and do the upload into Planful or manually enter the Opex details besides the employee details. We haven't used Planful to collect data or share with the business teams so that they can be self efficient to do their own forecast such as entering or uploading their employees billable hours forecast yet. If that happens, it will save the analysts time and do more analysis.
Planful is easy to use. Also, it has the control functionalities allow us to do something but not to do something if we override a formula cell that we shouldn't be. Hence, it improves the accuracy of the reporting. If the data are verified and accurate at the department level, the consolidation process normally runs very smoothly at the corporate level.

Do you think Planful delivers good value for the price?

Not sure

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

Currently we use Planful for forecasting and budgeting purpose. It's suitable for company wants to forecast the employees in details but it requires manpower to maintain. The WFP reports are good for balancing but again we have to separate actual and forecast scenarios. You need to know what reports you refer to each month since some of them linked to the P&L directly and some with the employee details since you might get different numbers.

Planful Feature Ratings

Long-term financial planning
7
Financial budgeting
7
Forecasting
8
Scenario modeling
7
Management reporting
7
Financial data consolidation
7
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
Financial Statement Reporting
7
Management Reporting
7
Excel-based Reporting
Not Rated
Automated board and financial reporting
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
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
Drill-down analysis
Not Rated
Formatting capabilities
Not Rated
Report sharing and collaboration
Not Rated
Publish to Web
Not Rated
Publish to PDF
Not Rated
Report Versioning
Not Rated
Report Delivery Scheduling
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
Not Rated
Predictive Analytics
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
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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