TrustRadius Insights for Planful are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.
Pros
Enhancements in Workforce Planning: Users have greatly benefitted from the significant enhancements in Workforce Planning, which allow for personalized records and simple updating processes, contributing to improved efficiency and accuracy within their departments. These enhancements have streamlined workforce management tasks, resulting in time savings and more informed decision-making.
Improved Support Services: Over four years, users have consistently noted a notable improvement in the platform's support services, indicating a strong commitment to customer satisfaction and continuous enhancement of user experience. The responsive and knowledgeable support team has been instrumental in addressing user queries promptly, leading to smoother operations and increased user confidence.
Cloud Compatibility: The ability to use the software on the Cloud is highly valued by users for providing flexibility and accessibility, enabling seamless access to data and tools from various locations. This feature has allowed teams to collaborate effectively regardless of physical distance, promoting teamwork and productivity across different departments or remote work setups.
We do a lot of forecasting and budgeting on Planful using structured planning. We have departments across all functions, and we do our budget/ forecast for the next 3 years. We also do a lot of reporting functions, like the spotlight report. I love it because it makes the reporting very automated and easy to read.
Pros
Structure planning.
Workforce planning.
Spotlight report.
Cons
I wanna see more bridges on workforce planning- the open headcount to our forecast (TBHs).
I wanna group the scenarios and departments.
I think it’s a bit too clunky on the Excel spotlight report.
Likelihood to Recommend
I’m not impressed that I can’t see headcounts reporting in Planful. I want to see my actual employees and all the TBHs at a later time. But the other reporting that we use is pretty good. I like using the substitution variables; they will pick up the current month, and I don’t have to keep changing the actual month.
VU
Verified User
Employee in Finance and Accounting (501-1000 employees)
We use Planful to plan our budgets and rolling forecast and to lead our monthly variance reporting. By integrating our GL data and managing planning scenarios we greatly reduced manual work in spreadsheets. We use workforce planning for headcount planning and reporting and bring in actual employees level payroll data to aid in variance analysis. We have created statical cash flow account they allows us to plan and report on detailed cash flow planning.
Pros
Intuitive reporting
Excel spotlight
Data integration
Cons
Simplify dynamic planning user experience
Online help searches
Spotlight formulas
Likelihood to Recommend
Planful make it very easy to manage different scenarios and comparison between. However, it isn’t as easy to do quick what if modeling.
Using Dynamic Planning and Dynamic Reporting for Sales and Revenue forecasting, Monthly reporting, and having a single source of truth. We have ERP data flowing into Planful and Planful data flowing into Power BI for daily reporting and dashboarding. Addresses problems of data and mapping consistency, self-serve sales forecasts with reduced processing time and higher accuracy, and the ability to compare across scenarios and have a data source of truth feeding into a BI tool.
Pros
Dynamic Planning with cascading and aggregating.
Planful Support.
Clean UI/UX.
Constant Improvement (AI capabilities).
Data and scenario flexibility.
Cons
Dashboarding could be more flexible and easier to use.
Dynamic Reporting has room for flexibility with nesting, dimension names showing up instead of “All,” and overall flexibility.
Make Analyze view in Spotlight more intuitive.
A high-level onboarding guide to understanding the different components of Planful, data flows, and tips & tricks.
Likelihood to Recommend
It is very well suited for dynamic planning, forecasting, and budgeting. However, it is less suited for Efficient reporting and dashboarding—we’re still using PowerBI.
VU
Verified User
Analyst in Finance and Accounting (201-500 employees)
In dynamic planning, we can complete our sales forecasting and budgeting processes down to the retailer and SKU level, have actuals flow in from our ERP system, and then report on all scenarios in dynamic reporting. We are currently able to go down to Customer Profit.
Pros
Highly customizable templates in dynamic planning.
Intuitive user interface in dynamic reporting.
Processing time.
Cons
Folders to organize scenarios.
Proactive health checks of our tenant with status lights on the web interface.
Likelihood to Recommend
Planful is a great tool! Knowing your vision when starting the implementation is very important to ensure you’ll get what you need out of the application.
VU
Verified User
Director in Finance and Accounting (201-500 employees)
Planful helps expedite our budget and projection processes. It is also a powerful tool that allows us to run accurate and detailed reports from our management level all the way to our C Suite. Tools like Spotlight have evolved our reporting processes and saved our company and team valuable time that we can use to do actual analysis instead of spending hours creating, formatting, and editing reports.
Pros
Dynamic Reports.
Ease of use.
Quick to learn.
Cons
Formatting.
Budget manager experience.
Likelihood to Recommend
Reporting and Spotlight have changed the game for us. Spotlight has brought dynamic reporting to our team and the rest of the office as well. With dynamic planning, we've spent more time doing analysis instead of running and creating the reports. Recently, we've spent less time analyzing and more time formatting, and Spotlight has brought the analysis back to FP&A.
VU
Verified User
Employee in Finance and Accounting (501-1000 employees)
We used it to consolidate our actual and budget all in 1 tools, build out your basic reporting. (P&l, BS & Cash flow) so that our leadership could make data based decisions.
Pros
Connecting to Netsuite
Report building
Consolidating financial results
Cons
Dashboards
Some big like where you have to click to write a formula
Likelihood to Recommend
For anyone that uses Netsuite I would strongly recommend the tool. It was perfect for my start up that had nothing in the past. Some one that want a shorter learning curve, the tool was easy to learn.
VU
Verified User
Director in Finance and Accounting (201-500 employees)
We use Planful during month end to consolidate and run different financial reports. I haven't quite been using for long enough to report any issues or problems I've come across.
Pros
Run reports quickly
Work efficiently
Cons
None that I can think of
Likelihood to Recommend
Planful seems well suited running specific reports and consolidating.
VU
Verified User
Employee in Finance and Accounting (5001-10,000 employees)
We use Planful for our consolidation and reporting, as well as budgeting and forecasting. Planful user interface is easy to learn. Consolidations are automated and easy to follow at month end. Custom reporting helps automate some of the monthly/quarterly/annual reports needed. Creating custom reports is easy and can be formatted to meet the needs of the user.
Pros
Easy to learn user interface
Highly customizable reporting
Automated consolidation entries
Cons
Solution Hub could have more "how to" articles
Some formatting in custom reports is hard to do
Likelihood to Recommend
Planful works well for aggregating multiple companies and performing the consolidations. Reporting is highly customizable and easy to use. Currently, only summary financial data is loaded, so we are not using for more detailed financial analysis.
VU
Verified User
Consultant in Finance and Accounting (5001-10,000 employees)
