Planful Announces Record Growth in First Half of 2021

Redwood City, CA – Aug 12, 2021 –  Planful Inc., the pioneer of financial planning & analysis (FP&A) and consolidations cloud software for finance and accounting professionals, today announced that the company has achieved explosive growth in the first half of 2021, marking the best start to any year in the company’s history. Continued increases in demand from the Office of the CFO, as well as excellent corporate execution across company-wide transformation initiatives, resulted in a record number of customers acquired in Q2.

In the first half of 2021, Planful averaged one new customer a day, including brands such as Tile, Inc.; ADA Health GmbH; Alladapt; Immunotherapeutics; FIGS; Envoy; Zipline Logistics; Amcor; SPG Global Specialists; and Quantexa.

“Our results in H1 are a testament to the hard work our team is putting into our growth transformation, achieving record growth and customer acquisition rates, and strong expansion in our global partner ecosystem,” said Grant Halloran, Chief Executive Officer, Planful. “For the last two years, we’ve been on an expansive, transformative journey, delivering product innovations and operational improvements that bring better, faster planning and decision-making capabilities to our customers. Our results and momentum tell us we are well-positioned for the next phase of our mission.”

Highlights from 2021 thus far include: 

CloudMargin, the single-instance collateral management platform built to drive efficiency and reduce risk and costs for the world’s banks, buy-side institutions, outsourcers, and corporates, is using Planful to accelerate digital transformation within its company. Ben Blake, Financial Controller at CloudMargin, said: “The Planful platform has shifted my role from processing information to being able to analyze and add value to that information. I can now add more insight rather than just crunching numbers. A task that would normally take hours is now done within minutes.”

Robert Kugel, Senior Vice President and Research Director at Ventana Research, said: “Because of rapid changes in the outlook for economies and markets over the past 18 months, executives have looked to the finance organization to enable them to respond quickly with intelligence. As a result, there is strong demand for Continuous Planning software that streamlines business planning and financial budgeting to provide better forward visibility with scenario planning, to support timely and coordinated actions across the company. Today’s market momentum is just a start, as more companies use technology to achieve consistently better results through action-oriented planning processes.”

Planful’s user conference, Perform ‘21, will be held virtually September 14-15, with more than 2,000 attendees engaging in cutting-edge presentations and content about modernizing finance and accounting processes.