The decision is not painful, it's Planful!
November 22, 2020

The decision is not painful, it's Planful!

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Modules Used

  • Modeling
  • Planning
  • Reporting and Analytics

Overall Satisfaction with Planful (formerly Host Analytics)

Planful (formerly Host Analytics) is primarily [used] within the Financial Planning department for creating an annual plan, maintaining a current forecast, preliminary review of numbers with accounting and reporting of financial information for various internal and external constituents.
  • Dynamic reporting is very intuitive and plug and play
  • Structure planning makes for a quick implementation and a low level of administration going forward
  • The admin back-end for user management and structured HR can be clunky and frustrating to remember how to do a simple task
  • The process for transferring data between dynamic planning and structured planning is not very good
  • Reduced monthly reporting timelines from 1 week to 1 day
  • Turned Planning process from a burdensome consolidation process to live iteration and feedback
Time to consolidate financial reporting has greatly been reduced. We have an automated connection from our ERP to Planful (formerly Host Analytics) so we can have a frequently updated view during the financial close. Time has been significantly reduced during reporting process from creation of the reports, to now analyzing the reports.
Very easy. You can either use hierarchies to create columns / rows or customize row sets that can be used for multiple reports.
Ensuring correct access can be a challenge at times without the ability to "act as" the user to see what they are seeing. But once set up correctly, self serve reporting is a breeze.
Planful (formerly Host Analytics) can be quick to implement and does not require an army to administer. It's multi-dimensional technology also allows for a lot more flexibility in it's design and use. It's reporting suite is the most intuitive that I have seen in the industry. It also has the capability to do advanced modeling, however it has a steep learning curve and the interaction back with it's structured modeling is a bit clunky.
Planful (formerly Host Analytics) is great for quick implementations. More advanced dynamic planning has a bit of a learning curve, but it is very powerful.

Planful Feature Ratings

Long-term financial planning
7
Financial budgeting
9
Forecasting
9
Scenario modeling
6
Management reporting
10
Financial data consolidation
Not Rated
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
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
Not Rated
Personalized dashboards
7
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Flat file integration
8
Excel data integration
8
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
10
Formatting capabilities
10
Report sharing and collaboration
9
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)
7
Role-Based Security Model
7
Multiple Access Permission Levels (Create, Read, Delete)
7
Single Sign-On (SSO)
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated