Planful Features
What are the features of Planful?
Financial Insight
- Budgeting
- Forecasting
- Planning
Data
- Data Visualization
- Data Analysis
- Custom Reporting
- Reporting Templates
Status Communication
- Collaboration
- Version Control
- Real-Time Data Updates
Budget Creation
- Data Import
- Budget Hierarchies
- Versioning
- Formulas
Forecasting
- Historical Data
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Financial Insight
Budgeting | Based on 123 Planful reviews and verified by the G2 Product R&D team. Uses collected data to assist organizations in understanding what they can afford now, and in years to come. | 85% (Based on 123 reviews) | |
Forecasting | Based on 120 Planful reviews and verified by the G2 Product R&D team. Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline. | 84% (Based on 120 reviews) | |
Planning | Based on 120 Planful reviews and verified by the G2 Product R&D team. Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly. | 83% (Based on 120 reviews) |
Data
Data Visualization | Based on 99 Planful reviews and verified by the G2 Product R&D team. Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts. | 67% (Based on 99 reviews) | |
Data Analysis | Based on 110 Planful reviews and verified by the G2 Product R&D team. Scours data for actionable insights. | 75% (Based on 110 reviews) | |
Custom Reporting | Based on 124 Planful reviews and verified by the G2 Product R&D team. Allows users to customize their own reports according to business needs. | 80% (Based on 124 reviews) | |
Reporting Templates | Based on 115 Planful reviews and verified by the G2 Product R&D team. Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions. | 77% (Based on 115 reviews) |
Status Communication
Collaboration | Based on 82 Planful reviews and verified by the G2 Product R&D team. Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users. | 72% (Based on 82 reviews) | |
Version Control | Based on 91 Planful reviews and verified by the G2 Product R&D team. Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance. | 82% (Based on 91 reviews) | |
Real-Time Data Updates | Based on 88 Planful reviews and verified by the G2 Product R&D team. Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information. | 79% (Based on 88 reviews) | |
Scorecards | Based on 58 Planful reviews and verified by the G2 Product R&D team. Displays and shares company performance data to increase transparency across the board. | 66% (Based on 58 reviews) |
Budget Creation
Data Import | Based on 80 Planful reviews. Import trial balance, monthly P&L, balance sheets, and other types of financial data | 84% (Based on 80 reviews) | |
Budget Hierarchies | Define budget structure elements and how they are linked hierarchically 79 reviewers of Planful have provided feedback on this feature. | 85% (Based on 79 reviews) | |
Versioning | As reported in 77 Planful reviews. Keeps track of all versions of a budget and allows users to compare versions | 80% (Based on 77 reviews) | |
Formulas | As reported in 80 Planful reviews. Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues | 80% (Based on 80 reviews) | |
What-If | Based on 62 Planful reviews. Test the potential financial impact of business decisions on revenues and expenses | 76% (Based on 62 reviews) | |
Budget Periods | Users can customize standard budget periods (3, 9, or 12 months) 74 reviewers of Planful have provided feedback on this feature. | 87% (Based on 74 reviews) |
Budget Management
Consolidation | Based on 66 Planful reviews. Consolidate multiple budgets from different departments or business entities | 84% (Based on 66 reviews) | |
Adjustments | Based on 67 Planful reviews. Users with administrative access rights can modify budgets | 82% (Based on 67 reviews) | |
Workflows | As reported in 60 Planful reviews. Workflows are used to define the steps required to alter budgets and who needs to approve changes | 76% (Based on 60 reviews) |
Forecasting
Historical Data | Forecasting is based on past transactions and historical financial or operational data This feature was mentioned in 82 Planful reviews. | 86% (Based on 82 reviews) | |
Reforecast | Ability to recreate forecasts to include new information that may impact budgets 74 reviewers of Planful have provided feedback on this feature. | 84% (Based on 74 reviews) | |
Forecast Types | As reported in 71 Planful reviews. Support multiple types of forecasts such as balance sheet and cash flow forecasts | 85% (Based on 71 reviews) | |
Rolling Forecasts | Based on 69 Planful reviews. Used to review and update budgeting assumptions for a predefined period (usually one year) | 86% (Based on 69 reviews) | |
AI | Based on 30 Planful reviews. Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns | 68% (Based on 30 reviews) |
Analytics
Variance Analysis | Project out as the year progresses to accommodate trends that affect key business drivers. This feature was mentioned in 76 Planful reviews. | 85% (Based on 76 reviews) | |
Forecasts Comparison | compare Income Statement, Balance Sheet, and Cash Flow for multiple periods This feature was mentioned in 75 Planful reviews. | 88% (Based on 75 reviews) | |
Forward Looking | Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data This feature was mentioned in 66 Planful reviews. | 84% (Based on 66 reviews) |
Reconciliation
Consolidation | Based on 47 Planful reviews and verified by the G2 Product R&D team. Data from multiple systems can be centralized into a single repository | 83% (Based on 47 reviews) | |
Management | Based on 49 Planful reviews and verified by the G2 Product R&D team. Financial information can be imported from multiple sources such as spreadsheets, text files, or databases | 84% (Based on 49 reviews) | |
Accounting | Based on 44 Planful reviews and verified by the G2 Product R&D team. Match invoices, payments, and bank statement information | 84% (Based on 44 reviews) |
Reporting
Report Types | Based on 57 Planful reviews and verified by the G2 Product R&D team. Provide multiple types of reports such as point-in-time snapshot reports, or year over year | 89% (Based on 57 reviews) | |
Standard | Based on 54 Planful reviews and verified by the G2 Product R&D team. Offers standard financial reports out of the box | 86% (Based on 54 reviews) | |
Custom | Based on 53 Planful reviews and verified by the G2 Product R&D team. Allows users to edit reports and to combine multiple reports | 88% (Based on 53 reviews) |
Closing Process
Audit | Based on 42 Planful reviews and verified by the G2 Product R&D team. Creates workflows to assign tasks for audit and inspections, monitor work in progress, timelines, and approvals. | 75% (Based on 42 reviews) | |
Journal Entries | Based on 38 Planful reviews and verified by the G2 Product R&D team. Adjusts journal entries in order to have an accurate balance sheet and income statement | 73% (Based on 38 reviews) | |
Distribution | Based on 48 Planful reviews and verified by the G2 Product R&D team. Financial statements and statistical reports (such as KPI) can be assembled into financial packages | 80% (Based on 48 reviews) |
Financial Planning
Extended Planning | Based on 33 Planful reviews and verified by the G2 Product R&D team. Analysis that creates business plans outside of finance, including sales, marketing, or HR. | 79% (Based on 33 reviews) | |
Reporting | Based on 38 Planful reviews and verified by the G2 Product R&D team. Reports on departmental KPI metrics measured against targets. | 89% (Based on 38 reviews) | |
Integration | Based on 38 Planful reviews and verified by the G2 Product R&D team. Consolidates planning processes across an organization into a single solution. | 82% (Based on 38 reviews) |
