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"Each of these six entities acting with an independent FP&A team, the firm faced challenges in consolidating their financial and operational data."
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"Anytime a change would need to be made all of those templates would need to be updated and revised. Just to consolidate all of that information took forever, It was such a manual process that our annual budgets took four to five months at least."
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”Planful has provided us with an avenue of communication. Now we can have a back-and-forth conversation with different departments and really break down those silos.”
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“The biggest impact has been less stress. Planful just makes things easier because now we have insight, understanding, and time. With the extra time, FP&A and Accounting can work together to find more efficiencies instead of tracking down information.”
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“Commentary in Planful is almost like a variance analysis for us. We communicate through Planful, which creates a lot more efficiency. Now there’s no need to have monthly meetings with every team and take them out of the business.”
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“They learned so much more about their budgets, although some of it was bad news initially. But once they started working in Planful and building their budgets, that visibility — good or bad — drove the right behaviors.”
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“The time savings is so meaningful. It used to take us 20 working days for global consolidation. Planful enables us to reach the draft global consolidation by working day seven and a hard close by working day 12. That’s across 140 entities. Planful is just amazing for speed and accuracy.”
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“Planful is a really slick tool that gives us a lot of intuitive reporting capabilities. The currency conversion is quite good. It’s very easy to get your hands around Planful, and our users see that we’ve come a long way.”
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“Planful gives me confidence in the numbers without the risk that someone copied actuals or other data incorrectly. A benefit and curse of being in a fast-growing company is that you never know what’s next. Now we have the agility and flexibility we need to deal with whatever happens. I’m …
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“Take project controlling: we have projects ranging from €100,000 to €100 million. If you miscalculate or overlook something, it’s not just the project that fails — the entire company is at risk. That’s how important control is for us.”
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“Planful has been like a single source of truth. It automated the whole budget process for us and reduced the time to build the budget. We have more buy-in from users, and the users feel more engaged with the platform.”
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“Planful let us create something where anyone can walk in and learn the process. If someone needs an answer, they can get it themselves without me getting involved. We weren’t doing most of this before, so Planful has become a key piece of our growth because we’re getting more visibility …
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“We’ve removed the need for Finance to be involved daily. Now the conversations we’re having are strategic, not about data. Planful helped us build a culture of self-service, where marketers can find answers and come to us with informed questions.”
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“Everyone loves Planful. Our CFO and COO love the speed at which we can publish reports and show what the last month or quarter looked like.”
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“There are a ton of different things we want to do with Planful. Our goal is to continue making these processes faster, more accurate, and more detailed.”