Company's AI Advancements and Purpose-built
Solutions Empower Businesses Worldwide, Driving Strong
Growth
SAN FRANCISCO, Aug. 13, 2024 /PRNewswire/ -- Planful Inc.,
the pioneer of financial performance management cloud software,
today announced record-breaking new bookings for a first half of
the year, propelled by product innovations, widespread industry
recognition, and increased investments in the company's innovation
and growth strategies.
Grant Halloran, Planful Chief
Executive Officer, said: "We've had a strong first half of the year
at Planful. Our global growth was driven by high customer
satisfaction, which was evident as customers of all sizes, and
notably, large enterprises, expanded their use of our platform and
adopted more of our solutions. With continued investments in
Planful AI and an expanding team in Europe, we are poised to build on this growth
and continue our momentum in the second half of the year. I am very
proud of our team's hard work and dedication, which has been
instrumental in all that we've achieved thus far."
In the first half of the year, Enterprise expansion bookings
were up 136% year-over-year, as customers such as Del Monte Fresh
Produce Company, La-Z-Boy, Five Guys Enterprises, and Grafton Plc
scaled their use of Planful. Internationally, the company's
momentum continued with new bookings up 43% year-over-year. New
customers signed in the first half of the year include ThredUP,
UpWork, Chemical Guys, and many others.
Additionally, Planful appointed former Blackline sales leader,
Andy Bottrill, as SVP EMEA to
lead an accelerated expansion in the region.
Customers are increasingly adopting additional solutions from
Planful, bringing greater detail, rigor, and speed to other
operational planning and forecasting areas such as Workforce, IT,
and Marketing.
"At La-Z-Boy, our FP&A team has been using Planful for
financial performance management for nearly a decade and we are
excited to expand its capabilities to drive financial performance
within our marketing department," said Nelly Martinez Garza, Sr. Director of Consumer
Marketing at La-Z-Boy Incorporated. "Bringing the planning and
execution of our marketing spend for multiple segments of the
business into one unified platform will be a game changer for us.
As we begin our implementation, we are confident in our selection
of Planful for Marketing to help us save time spent tracking and
reconciling budgets so that we can put even greater focus on
building and optimizing consumer-first strategies that expand
La-Z-Boy brand reach, ultimately contributing to better financial
outcomes for La-Z-Boy as a whole."
In May the company held Perform24, its annual user conference,
where Planful celebrated its customers' achievements by welcoming
new members to the esteemed Champions Club and recognizing others
through its Customer Awards program. Significant product
enhancements and new innovations were unveiled at the event,
including:
- Solution Hub: A searchable collection of pre-built,
customizable solutions that support crucial financial performance
management use cases across a wide range of functions and
industries.
- An extended vision for Planful AI: Generative-AI experiences
are launching this year, offering finance and business leaders a
unified suite of solutions that include operational automation to
anticipate tasks, recommend next steps, and gather process
insights, along with analytics and decision support for scenario
analysis, variance detection, and key business decision
guidance.
- New Planful for Workforce capabilities: Finance and People
leaders will be able to collaborate directly in the platform to
generate actionable insights. New capabilities include advanced
analytics, actuals data loading at the most granular level,
multi-currency capabilities for employee and compensation item
planning, and more.
In the first half of 2024, Planful continued to earn recognition
as a market leader from top industry analysts and through customer
reviews including:
- Analyst recognition on the Constellation
Research ShortList™ for Cloud-Based Planning and Performance
Management Platforms, as a "Key Competitor" in the BPM Partners
Vendor Landscape Matrix for Performance Management Solutions, and
as a "Leader" in the IDC MarketScape for Worldwide Enterprise
Planning, Budgeting, and Forecasting Applications for Midmarket
Organizations.
- Customer satisfaction recognition across multiple
categories in G2's Spring and Winter Crowd Reports, placement in
the G2 Spring 2024 Grid® for Budgeting and Forecasting Software as
a leader with a strong market presence, and 2024 TrustRadius awards
as a Most Loved and Top Rated company.
- Employee accolades with Great Place to Work®
Certifications in the U.S., Canada, U.K., and India; recognition as a Fortune Best
Workplaces in the Bay Area™; and ranked in the top 25 of
Glassdoor's Best Places to Work 2024: Small & Medium
Businesses.
- Global leadership momentum with Planful Chief Marketing
Officer Rowan Tonkin named as one of
Pavilion's 50 CMOs to Watch in 2024 and the promotion of
Steve Welsh to Chief Product
Officer.
For more information about Planful, its customer success
stories, and its latest innovations, visit planful.com.
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 1,500 customers, including
23andMe, Bose, Boston Red Sox, Five Guys, Grafton Plc, Gousto, 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 social media at LinkedIn, X, or
Facebook.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/global-expansion-and-continued-innovation-drive-planfuls-growth-in-first-half-of-2024-302221214.html
SOURCE Planful, Inc.