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best for

  • Accounting
  • Best For All Business Sizes
  • Supports Multiple Platforms

what reviewers say

  • Great value for money
  • Great ease of use
  • Great functionality

What is Planful?

Planful is a cloud-based performance management solution that helps in the automation of financial processes. Planful is suitable for midsize to large businesses. Key features include dashboards, financial reporting, and workflow management. This solution helps to centralize data and manage financial and operational processes. Planning and forecasts allow companies to analyze the effect of projects on the overall bottom line. This solution's workflow planning tools help users to plan and manage submissions, reviews, and approvals as well as evaluate the workflow of each department by generating workflow status reports. Planful's capital planning feature helps to analyze the performance of assets by using financial budgeting and forecasting techniques. The solution is ... read more

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User Review Highlights

4.29

41 Reviews

5
14
4
26
3
0
2
1
1
0
4

Ease-of-use

out of 5
4.5

Customer Support

out of 5
4.5

Value for money

out of 5
4.5

Functionality

out of 5
  • icon"I like that it is user friendly, drag and drop feature makes it easy to run ad hoc reports. Love the line item detail and notes feature in the templates."
  • icon"The ability to integrate reports directly with system data pulls is a very nice feature that can help reduce the complexity of workbooks."
  • icon"It makes month end easier. Great customer service team always there when help is needed."
  • icon"Collaboration can also be difficult, as the individual models are fragile and must be updated online."
  • icon"It can be difficult to set up a report template. Once set it is good and there are no worries."
  • icon"The interface is pretty dated. I also mainly use chrome as my browser and there seems to be a lag time when scrolling in a template which is a bit of a pain."

Read user reviews

Which features does Planful offer?

Core features:

"What If" ScenariosAd hoc AnalysisAd hoc ReportingAsset Lifecycle ManagementAudit TrailBudget ControlBudgeting/ForecastingCash Flow ManagementCash ManagementConsolidation/Roll-UpShow more features +

People who reviewed this software give it a 4.5 star rating for functionality.

How easy is Planful to use and deploy?

Planful supports multiple deployment options, including: Cloud, SaaS, Web-based, Windows, Mac.

People who reviewed this software give it a 4 star rating for ease-of-use.

What do verified users say about Planful

4.29/5 out of 41 Reviews

Showing 1 - 5 of 41 reviews

Anonymous

Company size: 1,001-5,000 employees

Time used: More than 2 years

Review Source: Capterra

5

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
4

Functionality

out of 5

December 2021

Planful Overview Review

Great experience, very friendly staff, and everyone wants you to succeed. The software does not require extensive coding knowledge and can be picked up pretty seamlessly with the proper training if you have a background in Excel.

Pros

Very user friendly & similar syntax to excel

Cons

I feel the training is basic and outdated at this point. Considering all the time and effort they have put into developing the product, they should spend more time having live sessions showing individuals how to use the product better. This would also enable customers to find out about some of the great features they created.

Anonymous

Company size: 10,000+ employees

Time used: More than 2 years

Review Source: Capterra

4

Ease-of-use

out of 5
3

Value for money

out of 5
4

Customer support

out of 5
4

Functionality

out of 5

September 2021

Great FP&A Product

We've reduced the use of excel spreadsheets for budgeting/forecasting by using this tool. It's simplified our budget and forecasting process and it keeps getting easier each year.

Pros

They listen to their customers and are always making improvements to the product. It's easy to use and they have so many resources (support chat, community, training, etc).

Cons

The support was not great when we first implemented the tool. They've come a long way and are truly supportive of all questions I have.

Reasons for switching to Planful

We used a custom built tool that was clunky and time consuming with a lot of side spreadsheets.

Bradley

Company size: 1,001-5,000 employees

Industry: Financial Services

Time used: Less than 2 years

Review Source: Capterra

4

Ease-of-use

out of 5
3

Value for money

out of 5
5

Customer support

out of 5
2

Functionality

out of 5

December 2016

Very slow, but highly customizable

Implemented this software solution at my office. It was less expensive than some of the other providers, and we expected the product to perform as such. There are some drawbacks to the product, but I think these are in-line with the price.

Pros

Very deep database and highly flexible integration with our disparate data feed.

Cons

Slow. A data pull is not immediate and can cause some frustration if data is not pulled 100% accurately the first time. Collaboration can also be difficult, as the individual models are fragile and must be updated online.

Chris

Company size: 1,001-5,000 employees

Industry: Insurance

Time used: More than 2 years

Review Source: Capterra

This review was submitted organically. No incentive was offered
3

Ease-of-use

out of 5
4

Value for money

out of 5
5

Customer support

out of 5
4

Functionality

out of 5

February 2022

Robust financial reporting software.

Planful is smooth, powerful and reliable. Also gets noticeably better every few months. If you need them, support is hard working, responsive, and thorough.

Pros

Workforce Planning is my favorite feature. Data loads and updates are fast and there are lots of options for modeling and allocating compensation items. Training our budget preparers is easy, and they get most of it right and don't complain often which is more than can be said than my past experiences with other budget processes. Reporting is also very good with many options for creating data within Planful or externally. Also, the site rarely goes down. Maybe one short interruption in two years?

Cons

Training documentation should be expanded, richer in some areas for a more user friendly admin experience.

Janet

Company size: 51-200 employees

Industry: Oil & Energy

Time used: More than 2 years

Review Source: Capterra

This reviewer was invited by the software vendor to submit an honest review.
4

Ease-of-use

out of 5
5

Value for money

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

October 2017

We had a quick implementation, and find that the environment is very flexible. All end users :-)

Monthly operational reporting time reduced from 3 days to 3 hours. We built alternative hierarchies for our chart of accounts and entities, so that operations can see their relevant data in the format they prefer, whereas accounting can see it based on GAAP. Modeling transformed our budget process from Excel spreadsheets to a cloud-based solution accessible to all end users, so budget creation migrated from FP&A to the process owners. Budget consolidation process was reduced from 2 days to 2 minutes. We have also transformed to a rolling forecast using modeling, so that the annual budgets required by lenders comes from the forecasts, and is no longer a time-consuming annual task. We have also since identified other uses for modeling, including complex calculations for our formula pricing that is based on external data imported into tables. We are also importing non-financial data to enhance our asset management deferred maintenance program.

Pros

There are no limits to the types and volume of data that you interface within Host Analytics, as long as you maintain a common field. Implementation went well (with a consulting partner), and it enabled our budget manager to trim his reporting time from 3 days to 3 hours. The modeling module uses an Excel add-in, so the feel and use of Excel is still available, but the results are stored centralized, so when any end user retrieves data, there is one version of the truth. Customer service is second to none. In my 30+ years in planning and analysis, I have never found a team so dedicated to ensuring their customer's success. Feature updates are either monthly or quarterly, and are focused on what the customers have expressed are their needs or wishes.

Cons

It required that we use a partner consultant to implement. This may be due mostly to the fact that as a small company, we do not have the internal IT resources; the initial implementation without a partner stalled due to resource and communication issues.

Showing 1 - 5 of 41 reviews

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