Planful Review 2022
Updated December 07, 2022
Planful Review 2022
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
Comments
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