Overview
Product Information on Planful
What is Planful?
Planful Pricing
Overall experience with Planful
“Planful Offers Strong Consolidation Tools But Faces Slow Product Enhancements and Fees”
“System Struggles to Handle Data Volume as Company Expands Operations”
About Company
Company Description
Planful is a company dedicated to the development of financial performance management cloud software. The main product is the Planful platform, which aims to streamline diverse business processes such as planning, budgeting, consolidations, reporting, and analytics. This platform is used globally and acts as a tool for finance, accounting, and business users to improve their planning, reporting, and closing procedures. The ultimate aim is to accelerate process cycles, boost productivity, and enhance overall accuracy. The company stands as a private entity, supported by Vector Capital.
Company Details
Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
User Sentiment About Planful
Reviewer Insights for: Planful
Deciding Factors: Planful Vs. Market Average
Performance of Planful Across Market Features
Planful Likes & Dislikes
In my experience, I would say the consolidation functionality is the strongest/best in the industry. As a holding company, this feature and its ease of use is very important for our organization. Even comparable EPM platforms have acknowledged to me that they can't match Planful in this area. Reporting, budgeting and forecasting are fairly straightforward to configure/operate monthly, quarterly, semi and yearly.
Read Full ReviewCustomization and Excel-like interface. The Planful academy and engage platforms help drive learning and admin user experience, which will fizzle down to the whole company upon roll out.
Read Full Review
At times, product enhancements can be slow to roll out - I appreciate that Planful listens to its customers and takes feedback seriously, but some straightforward updates shouldn't require 18 to 24 months to implement. The administration side was once very simple, but it has become more challenging as new customer requested features have been added, making it a little more difficult to troubleshoot issues and pinpoint the settings that need to be adjusted to resolve them. While rising costs are expected with any product, new features that feel like they should have been included/ standard from the start shouldn't come with additional fees. I understand the need to recover development costs, but many of these enhancements have been requested for a long time, and when they finally become available, the pricing at the initial rollout often feels steep.
Read Full ReviewThe learning curve to understand how to use the tool has been time consuming in the short term, however I can see the long-term benefits and cannot wait to start achieving the goals we initially set.
Read Full ReviewTop Planful Alternatives
Peer Discussions
Planful Reviews and Ratings
- Director of FinanceGov't/PS/EdGovernmentReview Source
Planful Offers Strong Consolidation Tools But Faces Slow Product Enhancements and Fees
Planful is a very intuitive tool and the technical support team is great at responding quickly and resolving any issues. I also like that I'm able to consult with a Solutions Architect on more complex software related items when needing assistance on configuring the tool. - Finance Associate50M-1B USDServices (non-Government)Review Source
Planful Offers Customizable Excel-Like Interface Amidst Initial Learning Curve Challenge
From onboarding to rolling out our first project, Planful has been amazing! Helping us at every stage, ensuring we are on track with our goals, wants and needs. This software has not only encouraged me to better my FP&A skills, but has allowed me to better understand my own business and the different business lines within our org. - FP&A Manager50M-1B USDTransportationReview Source
Planful - Supercharge your finance processes
Planful is not just an incredible tool, they are incredible partners. Everyone we have interacted with has been very enthusiastic and helpful with whatever the request is. Planful has really improved our processes and made a lot of our regular reports much faster to create. I would absolutely recommend Planful to anyone looking to increase their reporting and analytics capabilities. - Finance Associate1B-10B USDHealthcare and BiotechReview Source
Efficient Data Forecasting with Straightforward Tools, Yet Reporting Customization Lacking
I particularly enjoy the template output features in dynamic planning. It gives me the opportunity to create models for forecasting and budgeting purposes and then aggregate large amounts of data so the I can quickly iterate and adjust based on our key variables changing. I think loading data is simple and intuitive. The creation of reports could use a little more customization in order to make the reports look a little better, but for the most part the creation process is straight forward and saves me time building once and being able to report quickly and efficiently. - Senior Financial Analyst1B-10B USDConstructionReview Source
Easing Corporate Operations with Smart Reporting Tools
Overall this is a great product. We love the user experience from our corporate headquarters as well as our branch locations. It is easy to navigate and to give security to those specific branches while ensuring they do not see information they shouldn't.