Planful Success!
December 11, 2024

Planful Success!

Shane Thomas | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Modules Used

  • Structured Planning
  • Dynamic Planning
  • Reporting
  • Consolidation
  • Workforce Planning

Overall Satisfaction with Planful

We use Planful in a variety of ways. We use it for forecast, budgeting, reporting, consolidations, and workforce planning. Planful has allowed us to implement a monthly rolling forecast that we previously did not have. It also allows us to provide self service reporting to different functions of the organization. We do these things through the variety of tools Planful offers, Dynamic planning, Structured planning, Workforce planning, reporting, and consolidations.

Pros

  • Data integrations
  • Financial statement reporting
  • Forecasting & Budgeting

Cons

  • Dashboards
  • Capital Budgeting
  • User Setup simplification
  • Cut our finance workload in half
  • Enhanced self service reporting
  • Improved forecast accuracy
Our budget owners across the organization utilize structured planning to submit their forecasts and budgets which aggregate up to our overall financial plan. This has taken the burden off of our analysts to collect and load data to the system and allowed budget owners to manage their budgets more effectively.
This has been extremely helpful to have everything in one place. As finance experts know, the financial statements speak to one another and by having all of these tools in one system it has allowed for more automation and more consistency across the different functions a CFO manages. As an example, capital planning templates in Planful help us forecast our expenses on the P&L, assets on the Balance Sheet, and Additions on the Cash Flow Statement.
Previously we used Infor CPM and Alight Planning. Planful is head and shoulders above both of these systems. We have been extremely happy with it. It has cut our workload in half compared to the other two systems. There is little to nothing in the other two systems that we miss having since moving to Planful.

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

From a forecasting and budgeting standpoint, Planful is a top tiered software. It allows you to plan in a variety of ways, by giving you multiple tools in your toolbox. We use dynamic planning, structured planning, workforce planning, capital planning, as well as data loads to do a monthly rolling forecast. Each tool does a different job which is needed for different areas of planning. Data visualizations is one area where Planful is less well suited. If you are looking for data visualizations I would not recommend Planful.

Planful Feature Ratings

9.2
Long-term financial planning
9
Financial budgeting
10
Forecasting
10
Scenario modeling
9
Management reporting
8
8.8
Financial data consolidation
9
Journal entries and reports
8
Multi-currency management
9
Intercompany Eliminations
9
Minority Ownership
Not Rated
Local and consolidated reporting
9
Detailed Audit Trails
9
9.3
Financial Statement Reporting
10
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
9
4.8
Personalized dashboards
4
Color-coded scorecards
2
KPIs
5
Cost and profitability analysis
7
Key Performance Indicator setting
6
9.3
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
8
5.5
Pixel Perfect reports
Not Rated
Customizable dashboards
4
Report Formatting Templates
7
8.3
Drill-down analysis
9
Formatting capabilities
8
Report sharing and collaboration
8
9.3
Publish to Web
10
Publish to PDF
10
Report Versioning
8
Report Delivery Scheduling
9
6.5
Pre-built visualization formats (heatmaps, scatter plots etc.)
4
Predictive Analytics
9
9.6
Multi-User Support (named login)
10
Role-Based Security Model
8
Multiple Access Permission Levels (Create, Read, Delete)
10
Report-Level Access Control
10
Single Sign-On (SSO)
10
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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