The typical financial consolidation and close relies on an abundance of data, manual processes, disconnected and complex spreadsheets, and email-driven collaboration. It’s a slow, friction-filled, error-prone way to gather, organize, and report on your business data.
Planful expedites the financial consolidation process and allows your team to allocate their time to understanding company performance. Automate the data load and validation process, eliminate and adjust data, and instantaneously report using data you can trust. Drive every close with speed, data integrity, and collaboration in mind.
Automate the data load and validation process to establish a baseline quickly. Further automate eliminations and recurring journal entries to arrive at consolidated reports in hours instead of days.
Collaborate with the business by understanding the details of business performance. Slice and dice your data, perform ad hoc analysis, and provide insights to enable meaningful conversations with the business.
Gain visibility and increase trust in your data by seamlessly integrating multiple charts of accounts into a single consolidated solution.
Understand the real-time drivers of performance to optimize current period results and inform future plans. Accurate rolling forecasts provide the insight to redirect resources and priorities to align with business objectives.Learn more
Know where you are in the close process at all times. Track progress with secure audit trails to ensure trusted access and transparency across the close process.Learn more
Map multiple entities to a single chart of accounts for consistent global reporting across the business. Utilize alternate hierarchies to create tailored reports on business performance.Learn more