New Technology, Ideas, and Strategies Shared
at Perform24 Support Finance, Accounting, Marketing, and HR Leaders
Go Beyond to Drive Peak Financial
Performance
SAN
FRANCISCO, May 15, 2024 /PRNewswire/ -- Planful Inc.,
the pioneer of financial performance management cloud software,
announced today, as part of the Perform24 theme to "Go Beyond," an
array of product advancements tied to three key pillars: Automate,
Collaborate, and Innovate. The company unveiled the future of
Planful AI, new Planful for Workforce and Planful for Marketing
capabilities, connectors with Snowflake and Microsoft Power BI, and
more. The company also debuted the Solution Hub, an all-new
searchable collection of pre-built solutions, open for anyone to
explore, and for customers to configure. With these advancements,
Planful is bringing increased value to large and fast-growing
organizations and supporting their business leaders in driving peak
financial performance.
"Achieving successful financial performance management requires
a highly-collaborative effort and organizations who treat it as a
team sport will thrive and outperform their competitors," said
Steve Welsh, Chief Product Officer,
Planful. "Planful's purpose-built product delivery and vision is an
intentional result of working with our customers to make that team
effort easier, faster, and more connected by unlocking the data
teams need to make confident decisions."
Innovate: The Future of Planful AI
The company announced the extended vision for Planful AI and
significant investments that will bring its first generative AI
experience to customers later this year. Finance and business
leaders will have access to a unified suite of Planful AI solutions
that include:
- Operational automation that anticipates tasks and
processes, recommends next steps, and gathers insights into how a
process is running and if a reminder is needed to complete data
inputs for a forecast
- Analytics and decision support for both simple and
complex, time-consuming scenario analysis that anticipates tasks to
uncover variances and the meaning behind the numbers, while also
suggesting next steps to further the analysis when business leaders
are evaluating key business decisions
These new generative AI capabilities will complement the
company's existing, industry-leading Planful Predict AI/ML suite of
solutions, which have been foundational in automating forecasting,
error detection, and manual processes for businesses worldwide.
Collaborate: New Capabilities for Planning as a Team
Sport
At Perform24 the company introduced new solution advancements,
including Planful for Workforce capabilities and Planful for
Marketing features, that improve business outcomes by facilitating
collaboration and unlocking access to data across teams.
The new Planful for Workforce capabilities announced at Perform
will enable Finance and People leaders to collaborate directly in
the platform to generate actionable insights. These capabilities
include advanced analytics, actuals data loading at the most
granular level, multi-currency capabilities for employee and
compensation item planning, and more. With almost 90% of Planful
customers using Planful for Workforce, users will be able to
leverage their existing data to rapidly conduct complex scenario
analysis in managing their most valuable asset–people.
The latest Planful for Marketing advancements include a new
integration with Coupa; further reporting enhancements, including
custom fields and attributes; and new forecasting capabilities.
Automate: Frictionless Access to Data
Planful introduced several new connectors that will further
support customers with their overall data strategy. A new connector
with Snowflake, a data-cloud company, enables governed access to
limitless volumes of financial performance and other business data.
This integration will meet the growing need of enterprises to share
data, build AI/ML applications, and power business growth using a
modern data infrastructure. It will also reduce friction, speed
data access, and enable highly-complex financial modeling and
calculations. The new connector with Microsoft Power BI, an
interactive data visualization software product, accommodates the
consumption of Planful data to augment with other data sources
natively in Power BI.
Protective Industrial Products, a global leader in personal
protective equipment that offers an extensive range of over 20,000
products, leverages the Planful platform for agile and efficient
planning as it continues to expand its market reach and diversify
its offerings through many strategic acquisitions. "Planful's
automation capabilities have greatly streamlined our acquisition
processes," said Mark Smith,
Director, Corporate FP&A at Protective Industrial Products, and
a speaker at Planful Perform24. "Planful has become a must-have
tool for our team and we integrate it into each of our newly
acquired entities. Its automation capabilities not only help to
simplify acquisition processes, but also enhance our consolidation
and workforce planning in a very dynamic M&A environment."
New Early Adopter Program
Customers can now join an early adopter program with Planful to
gain access to a range of unreleased product advancements and find
opportunities to co-innovate and trial Planful AI. With this new
program, Planful continues to prioritize product development that
is closely attuned to practical customer needs and top
feedback.
Watch Perform24 live today or on demand later this week to hear
what Planful customers and industry thought leaders are saying
about driving peak financial performance.
About Planful
Planful is the pioneer of financial performance management
cloud software. The Planful platform, which helps businesses drive
peak financial performance, is used around the globe to streamline
business-wide planning, budgeting, consolidations, reporting, and
analytics. Planful empowers finance, accounting, and business users
to plan confidently, close faster, and report accurately. More than
1,400 customers, including 23andMe, Bose, Boston Red Sox, Five
Guys, and Zappos, rely on Planful to accelerate cycle times,
increase productivity, and improve accuracy. Planful is a private
company backed by Vector Capital, a leading global private equity
firm. Learn more at planful.com.
Additional Resources
Hear from Planful
customers.
Learn what Planful can do for
finance, marketing, HR, and
other teams.
Join the conversation on LinkedIn,
Twitter, or Facebook.
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SOURCE Planful, Inc.