“My role was to get the company on Planful for consolidation, It was taking hours for the controllers to create their monthly financial reports. What made it rough was that each did it in a slightly different format and it was all in Excel. We had to bring some efficiency to the process and create a bit more clarity and traceability along the way.”
“Before Planful, my very first budgeting cycle was a struggle, We had a huge Excel spreadsheet that took about 5 minutes to open because it was so large.”
“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 into areas we couldn’t previously. It’s just been huge.”
“We had systems in place that were intended to solve that, but we had challenges with user support and administration, and were heavily reliant on IT. We had to modernize our tech stack.”
“With ongoing supply chain and workforce challenges, we needed a better, faster, and more accurate way to analyze the workforce budgets versus actuals throughout the year. We also wanted to give greater visibility to managers, HR professionals, and operational personnel.”
“We (also) had to constantly recon our reporting because we couldn’t trust the numbers on one report versus another because of the way the data was being pulled (by the reporting tool).”
“[Since then,] we’ve grown massively through acquisitions in Italy and Belgium. We’ve now got three main businesses across regions, but we don’t have something at the centre, at the group level, that brings all that information together.”
“I’ve worked with them in the past, and they understand how to solve these types of consolidation problems, but also reconciliations, planning, and more. We needed to move quickly, and with their experience combined with Planful Academy for learning and how intuitive Planful is, I knew the team here would be on board quickly.”
“Our financial analysts are very positive about Planful because they see what it can do for them.”
“As CFO, I can plan for multiple scenarios. Now, I can see what could happen if we lose an account or have a material cost increase and how it could impact the business. What used to take me days or weeks, I can do in a matter of hours, thanks to Planful.”
“Our Divisional Directors now receive financial updates throughout close with Planful so those teams can get ahead of any issues or questions long before financials are finalized.”
“[Planful] gives us peace of mind knowing we can make quick adjustments and understand exactly where our money is being spent and the outcomes of that spend.”
”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.”
“You couldn’t understand the numbers or how they got there. It created many questions, so we’d look at the source data and didn’t tie. Too much effort was spent just trying to determine how and why we got the results that we did.”
“Our big vision is that we want to use technology and automation to scale finance and accounting to better support the business."
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