About Planful

Planful (formerly Host Analytics) 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...
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Planful User Reviews

OVERALL RATING

SECONDARY RATINGS

Ease-of-use

4

Value for money

4.5

Customer support

4.5

Functionality

4.5

Showing 1 - 5 of 39 reviews

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.

Jessica

Company size: 1,001-5,000 employees

Industry: Higher Education

Time used: More than 2 years

Review Source: Capterra

5

Ease-of-use

out of 5
5

Customer support

out of 5
5

Functionality

out of 5

September 2021

Planful: Modern FP&A Solution

My overall experience with Planful has been overwhelmingly positive. Their team is frequently engaged to ensure that we're utilizing the solution to our maximum benefit. Planful's help desk team knowledgeable and very quick and responsive addressing issues as quickly as possible.

Pros

Administering the system is very smooth and adaptable. Our prior system would take 110% of my time to keep it running and troubleshooting issues. With Planful, now that we're live and stable on the platform, it takes < 50% of my time, so I'm able to focus on other value-add activities: process improvement and automation, personal skill development and growth, and future product enhancements. Reporting is extremely user friendly both within platform and Spotlight, so users have been able to create and admin their own reports .

Cons

Loading actual wage data by employee is seems more complicated than it needs to be. Prepping the file to load this data takes ~1 hour/month when all other data load rules take < 5 minutes. We also had issues in the past with Workforce data input/locking between users, but it's been much easier for our team to use with the extensive Workforce UI redesign in 2020.

Reasons for switching to Planful

Our BPC installation was deployed and configured 10+ years ago, and the system was clearly showing it's age. Data integrations were extremely slow (3+ hours) and error prone. Report designer was too complex for the users, so ad hoc reporting was limited to requiring an administrator to create them.

Lana

Company size: 5,001-10,000 employees

Industry: Management Consulting

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
5

Functionality

out of 5

October 2021

Training review

Great, easy to set up and use, flexible enough

Pros

Planful is very user friendly and it is easy to become a self-sufficient user of this application as a lot of help resources availiable for use. Searcg engine within Planful is very good as well as it makes it easy to navigate application.

Cons

I dont like that to complete certificaiton, all users have to attend real life class. Those classes are not convinient for UK users and they dont usually add much more informaiton that cannot be found in written guides.

Reasons for choosing Planful

Na

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.

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.

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