Name: Planful
Brand: Planful
SKU: 67dbcbe225ebae82ee8e7781
Rating: 4.3 (595 reviews)

Claim Your Profile

Planful

By Planful

Alternatives

Categories Associated

Budgeting And Forecasting Software

Overview of Planful Software Company

Planful is a leading provider of financial performance management software, designed to streamline and enhance financial planning, budgeting, forecasting, consolidation, and reporting processes for businesses. The platform leverages cloud-based technology to offer a comprehensive solution that helps organizations achieve peak financial performance and make data-driven decisions with confidence.

Founding and Growth

Planful, originally known as Host Analytics, was founded in 2000 by a group of finance and technology professionals who recognized the need for more efficient financial management tools. The company has grown significantly over the years, evolving from its early days of cloud computing to becoming a prominent player in the financial performance management space. The rebranding to Planful in 2020 marked a new phase of expansion and innovation.

Funding and Valuation

Planful has raised a total of $71.6 million over seven funding rounds from 11 investors, including Advanced Technology Ventures, Trident Capital, and Vector Capital. The company has undergone several funding rounds, with the most recent being a Series E round in June 2020. Planful's valuation and financial details are closely monitored, reflecting its strong market position and growth potential.

Product Offerings and Features

Planful offers a robust suite of features designed to enhance financial performance management:

Financial Planning and Budgeting: Streamlines planning and budgeting processes with intuitive tools.
Consolidation and Close: Facilitates faster financial close and consolidation with automated workflows.
Reporting and Analytics: Provides robust reporting and analytics capabilities for data-driven decision-making.
AI Assistant: Offers guidance, step-by-step instructions, and summarized articles to enhance user efficiency.
Machine Learning-Driven Forecasting: Utilizes machine learning to improve forecasting accuracy.
Anomaly Detection and Variance Analysis: Automatically flags anomalies and provides detailed variance explanations.

Acquisitions and Product Expansion

Planful has focused on expanding its product offerings and market reach through strategic acquisitions and continuous innovation. The acquisition by Vector Capital in 2018 was a significant milestone, enabling Planful to accelerate its growth and expand its global presence. The company has also invested heavily in product development, introducing new features and capabilities to meet the evolving needs of its customers.

Planful AI and New Features

Planful continuously enhances its platform with new features to improve user experience and functionality. Recent innovations include the Planful AI Assistant, which provides intelligent guidance and support within the application, and enhancements to customer service tools, such as the One-Touch Customer Portal for instant access to expert knowledge and resources.

Company Culture and Values

Planful places a strong emphasis on its company culture and values, which guide its strategic growth and daily operations. The core values include integrity, collaboration, innovation, customer focus, and excellence. These values are embedded in the company's DNA and are reinforced through various initiatives, such as the Planful Value Awards and recognition programs.

User Base and Community

Planful has a diverse and growing user base, with over 1,500 customers worldwide. The platform supports a vibrant community of users who engage through the Planful support portal and customer community, known as Planful Engage. This community provides a space for users to collaborate, share best practices, and access a wealth of resources to maximize their use of the platform.