Planacy Reviews

“Simple and efficient for budgeting

Pros

My favorite thing about Planacy is how simple it is. It's really managed our budgeting and is about to do the same for forecasting which has saved us so much time. The real-time updates and collaboration features are super convenient for keeping the entire team aligned. It's just an efficient tool that makes financial planning far less painful.

Cons

The initial setup can take a bit of time especially if your processes are complex or you have very specific needs. It requires some effort to get it fully customized to fit just right.

“easy setup with no-code reporting

Pros

Planacy was very easy to set up and connect with our other financial systems. It's also really simple whether you're just using it or building new reports.. there's no need to learn any code which is a huge plus over other platforms.

Cons

Right now it's missing some visual charts like waterfall diagrams. I've heard that's in the works though...

“Organized planning for our unique structure

Pros

It's given us the ability to establish a much more streamlined financial planning and budgeting process across the organization. The system is highly adaptable making it a great fit for our unique structure.

Cons

Getting the HR Module developed was a bit of a challenge initially but in the end it was set up very well.

“flexible with good BI integration

Pros

This tool is user-friendly for both administrators and regular users. It's very flexible allowing you to tailor the setup to your specific needs. The integration with our BI tool has also been smooth.

Cons

There's not much to dislike but it is a bit limiting that some tables and lists can't be downloaded directly to Excel.

“smooth budget process for global teams

Pros

As a global company with offices in 7 countries, Planacy takes a budget process that should be very complicated and makes it run surprisingly smoothly.

Cons

There are no real downsides to Planacy itself if you implement it correctly. The challenge is often on the people side as it can be difficult to get everyone in the organization to adopt the new way of working.

“clear overview and easy administration

Pros

It's easy to use, provides a clear overview and is a helpful tool for all our business managers. It's also simple to administer, create new scenarios and set up new users.

Cons

Because the platform is so flexible, there's a temptation to recreate all the complex calculations and dependencies from our old Excel sheets. We had to step back and find a better balance, creating a solution with a reasonable level of detail instead of overcomplicating it. Using our own internal resources, we were able to adapt the system to our preferences.

“Custom forecasting for diverse needs

Pros

Through Planacy, we've built a custom forecasting process for our diverse revenue streams, operational expenses and other plans including mid-term strategies. As a fast-growing multinational we really value being able to adapt Planacy to adjust our approach as circumstances change. Its integration with our BI tool (Qlik Sense) makes uploading historical data simple and allows us to effortlessly compare forecasts with actuals and previous forecasts. Users find it easy to input data, provided the process is well-documented.

Cons

This isn't a disadvantage of the software itself but it's important to have a BI system already in place to really work with and follow up on your budget effectively.