Item: Planful
Rating: 9
Author: Prodromos Siapkas

Overall Satisfaction with Planful

Use Cases and Deployment Scope

[...]'s FP&A team selected and implemented Planful in 2021 and is using Planful the last 3 years. The implementation was very smooth without any significant issues and very good collaboration with the implementation partner. [...] is using Planful for forecasting, budgeting and reporting. More specific it is the Software the org is using to rum the Annual Budgeting cycle and Planful was instrumental in our effort to plan the Workforce in an organisation that experiences a hyper growth and a lot of changes. At the same time, Planful transformed our reporting capabilities as the Spotlight enabled us to combine the use of excel, we are all proficient at, with the flexibility that is coming from having data in a tool such as Planful.

Pros and Cons

Pros

It is very easy to learn, with an experience similar to excel, which does not require the teams to invest a lot of time and effort to develop special skills.
Planful is a very flexible and powerful tool when it comes to Workforce planning
Spotlight, an excel add in, that brings Planful into excel is a tool that automates and transforms the analytical and reporting capabilities of the FP&A team.

Cons

The Budget entities that are used as the backbone for planning is an area Planful could consider to make more flexible
The Non-Workforce planning of several GL Accounts in connection with cost centers can be improved

Return on Investment

Planful reduced the required time to prepare the Annual Budgeting cycle by about 75%
Planful automated our reporting processes and enabled us to develop multiple reports analyzing the business from different angles and unlocking insights.

Collaboration with Planful

Planful can certainly do that and serve as a platform to aggregate data from multiple sources, act as a source of truth and enhance reporting. [...] did not use a lot these capabilities due to reasons not related to Planful

Suite of Capabilities

[...] is using the operational and financial planning and reporting and is currently working to implement the consolidation module.

Alternatives Considered

Workday Adaptive Planning and Anaplan

Planful scored high in multiple areas (such planning, reporting, Workforce controlling) and based on our assessment criteria Planful receive the highest value/cost ratio. At the same time, we were confident that Planful was able to scale together with the business and manage the foreseen complexities for long time

Key Insights

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

Likelihood to Recommend

Planful is a great tool for planning and reporting and is well suited to support all planning activities and combine the operational, commercial and financial plan. It is especially good at planning the Workforce but at the same time there is room for improvement on the Workforce reporting field.
Now, [...] is in the process of implementing the consolidation solution of Planful and we trust this will serve the team's needs as well.

Planful Feature Ratings

Comments

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Planful, a powerful and flexible tool for Budgeting and Reporting

Modules Used