Planful is a cloud-based enterprise performance management (EPM) suite. It includes financial applications for modeling, planning, consolidation, reporting and analytics.
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SAP Integrated Business Planning
Score 8.2 out of 10
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SAP supports supply chain management with Integrated Business Planning, the company's real-time cloud-based supply chain planning platform supporting demand response, supply planning and inventory management oriented features, with supply chain analytics to support decisioning.
I think it is a useful tool from a reporting standpoint. It does a good job of data aggregation from different sources, even if slow at times. I think the tools for building forecasting and budgeting templates are straight forward but allow for a level of complexity that make it both easy to use but also allow for complex builds so that our models can take into account many different variables that drive our daily performance.
One of the best parts is how it is suited to global or multi-site organizations with complex supply chains. It just operates across multiple regions with various manufacturing facilities, and that too with very much ease; it is simple, solid and very reliable in terms of working when the logistics is an issue and fetches data and insights very quickly.
Creating forecasts for the month, quarter, and year
Creating new variables by using variables pre-defined and that are new in the system
Having a very simple setup in the reports section - not straying away from the old Excel model which most people are used to. I can speak for a lot of people when I say that tools that look new can easily be frightening! 😅
The system does not work as smoothly when processing large volumes of data. There are processing delays when we are busy planning.
Moreover, because inventory exceptions are not automatically alerted, employees have to check them manually, which takes extra time. Upgrades in these sections could raise our operational efficiency.
Our new Comptroller understands the value of Planful, and we plan to utilize it further in the organization to enhance external reporting. Strangely enough, Planful had not previously been embraced by the former CFO, who argued that we were running two sets of books (of course, we were not). Fortunately, the before mentioned reconciliation of EBITDA to Net Income demonstrated that to the banks.
The tool is extremely adaptable, and it enables very quick querying to give us opportunity to gain live insights into the business. Given its adaptability, we are also able to create scenario analyses very quickly in rapidly changing environments. The formatting also enables us to provide this information in a very consumable manner.
User experience has various issues, from the way to represent data on the Dashboard to complex graphical interfaces for making the right report of something that is easiest to make on other similar platforms. SAP Integrated Business Planning is difficult to integrate into other operating systems and ecosystems. Activity planning, in some cases, is confused, and access is limited if customers or end-users don´t use the platform over the internet using a desktop computer.
I only give a 9 rating rather than a 10 rating because it seems that every day around 2pm we see a slowdown in the use of Planful. I have requested our internal IT department verify that it is not an internal issue and have been assured it is the tool. We have not yet reached out to Planful to do extensive research to solve this issue.
Again, the system is very reliable and, for the most part, runs very quick and smooth. When running larger queries, it does take some time, and during budgeting season our users experienced slower loading times, but nothing that raises concerns outside of normal network issues. Occasionally, as with any software we use, it will crash and you have to restart, but that does not happen very often.
Sometimes we get great help when using Planful's support team and other times we don't. In particular, there is one person that often responds to our support tickets who is less than helpful, hence the reason for the 5 out of 10 rating. As a result, most of the time we reach out to our Planful consulting group as they provide faster and better support
My team has attended training offered several times before/during the Planful Perform conference. This training has been extremely useful and we always learn something we didn't know prior to the training. The trainers are always very knowledgeable and more than willing to help each and every user after the training with specific questions regarding their environment.
This training is much more robust now than it was when we first implemented our Planful environment. Many times we can do a little research in the "help" portal and do not even need to reach out to support. They are continuously improving the training and information available to users.
After going through the initial implementation with Host Analytics and a re-implementation with Cervello (due to an ERP change, not due to a poor initial implementation), I've learned that you really must rely on your internal staff to bear most of the implementation burden. Use the vendor or partners for ideas and best-practice suggestions, and some of the easy-but-time-consuming work. Since you will ultimately be using and maintaining the application, you should be able to do most of it yourself.
Set up a supply chain strategy. Define your north star. Follow it with good consultants. Get know how from consultants with a deep know how in the system. Do proper change management.
Prior to joining the company, we tried to implement Vena but were unsuccessful. There we're a few reasons it didn't work out, but a lot of it related to the implementation team they provided. In just the first week with Planful, we achieved more progress than we did in several months with Vena.
System integration: CPI DS landscape allowed to integrate with the SAP ECC and SAP S4HANA with ease. Ecosystem: As most of the systema were of SAP landscape, choosing SAP Integrated Business Planning has given a sense of confidence. Higher Futuristic roadmaps: SAP Integrated Business Planning had gen AI and AI incorporated roadmap making it more impressive.
From our experience, Planful is only used in 2 overhead departments in our organization. We easily added another overhead department, but they decided against using Planful for their workforce and financial planning. Removing them from our environment was extremely easy.
