A great tool to scale your business and enable collaboration
February 06, 2023

A great tool to scale your business and enable collaboration

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

Modules Used

  • Structured Planning
  • Dynamic Planning
  • Reporting
  • Consolidation

Overall Satisfaction with Planful

Planful is used to consolidate financial results, budget, forecast, do intercompany eliminations, and financial and management reporting. Planful allowed us to have one source of truth for all financial and budget data. It also allows us to work location independent. It has also allowed us to improve the accuracy and speed of financial reporting and analysis.
  • Ad-hoc reporting and analysis
  • Budgeting and Forecasting
  • Financial Consolidations
  • Multiple Sets of Books
  • Simple to learn
  • Data Integration for large data sets
  • Year end data rollforward
  • Locking of data/periods
  • Enabled scalability by having trusted source of data (Grew almost 100% under Planful)
  • Enabled seemless collaboration between 80+ users
  • Helped reduce time to consolidation 5 days (30%)
Planful has enabled collaboration up and down the finance chain, with review occuring at multiple levels, with "subledger" to the budget available. We do not currently use it outside of Finance, but has definitely enabled collaboration across 50+ entities within finance and accounting.
Planful has enabled multiple people to pull their own information, enabling everyone from the CFO down to Analysts to pull their own data, and get access to what they need, when they need it. This has really empowered everyone in the organization to self serve. The biggest downfall, as an administrator, is that people keep asking for more data to be put in outside of direct Finance data!
I don't have quite as much experience with other tools.

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

Planful is well suited to anyone looking to consolidate multiple entities, multiple different ways if necessary. It provides strong journal entry capability for consolidating entries. It also allows for rapid stand-up of budgets and forecasts across many entities. It also provides great reporting functionality for management and compliance/financial reporting.

Planful Feature Ratings

Long-term financial planning
9
Financial budgeting
10
Forecasting
10
Scenario modeling
8
Management reporting
10
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
10
Intercompany Eliminations
6
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
6
Personalized dashboards
8
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Flat file integration
10
Excel data integration
8
Direct links to 3rd-party data sources
8
Pixel Perfect reports
Not Rated
Customizable dashboards
9
Report Formatting Templates
Not Rated
Drill-down analysis
8
Formatting capabilities
8
Report sharing and collaboration
8
Publish to PDF
9
Report Delivery Scheduling
9
Predictive Analytics
6
Multi-User Support (named login)
10
Role-Based Security Model
8
Multiple Access Permission Levels (Create, Read, Delete)
8
Single Sign-On (SSO)
10
Responsive Design for Web Access
6
Dashboard / Report / Visualization Interactivity on Mobile
7