Planful
Planful is a financial performance management platform that helps you automate budgeting, forecasting, and consolidations to drive faster and more accurate business decisions across your entire organization.
Workiva
Workiva is a cloud-based platform that simplifies complex reporting and compliance by connecting your data and teams in a single, secure environment for financial, ESG, and risk management.
Quick Comparison
| Feature | Planful | Workiva |
|---|---|---|
| Website | planful.com | workiva.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2001 | 2008 |
| Headquarters | Redwood City, USA | Ames, USA |
Overview
Planful
Planful gives you a unified platform to manage your financial planning, consolidations, and reporting without the manual headache of disconnected spreadsheets. You can automate repetitive data entry and focus your energy on analyzing trends that actually impact your bottom line. Whether you are closing the month-end books or building a multi-year strategic plan, the software keeps your data synchronized and accessible in real-time.
You can bridge the gap between finance and operations by involving department heads in the planning process through intuitive interfaces. It helps you eliminate version control issues and ensures every stakeholder is working from a single source of truth. The platform is designed to scale with mid-market and enterprise companies that need sophisticated modeling capabilities and robust data security to support complex global operations.
Workiva
Workiva helps you streamline your most complex reporting and compliance tasks by bringing all your data into one secure, cloud-based workspace. You can connect information directly from your source systems to your final reports, ensuring that every number and narrative remains consistent across spreadsheets, documents, and presentations. This eliminates the manual effort of copying and pasting data and reduces the risk of errors in critical filings.
You can use the platform to manage everything from SEC filings and annual reports to ESG disclosures and internal audits. It allows your teams to collaborate in real-time with full audit trails, so you always know who changed what and when. Whether you are a large enterprise or a growing company, you can automate repetitive reporting workflows and focus your energy on analyzing data rather than just collecting it.
Overview
Planful Features
- Automated Consolidations Accelerate your month-end close by automating financial consolidations across multiple entities, currencies, and complex ownership structures.
- Dynamic Planning Create flexible budgets and rolling forecasts that update automatically as your business conditions change throughout the fiscal year.
- Visual Reporting Build interactive dashboards and professional financial reports with drag-and-drop tools to share insights with your executive team.
- Workforce Planning Manage your headcount and salary expenses at a granular level to align your talent strategy with your financial goals.
- Scenario Modeling Run what-if scenarios to see how different business decisions or market shifts will impact your future cash flow and profitability.
- Excel Integration Keep the familiar Excel interface you love while connecting it to a secure, centralized database for better data integrity.
Workiva Features
- Data Linking. Link your data across documents, spreadsheets, and presentations so a single change updates every instance automatically.
- Real-time Collaboration. Work simultaneously with your teammates on the same document while maintaining a clear audit trail of every edit.
- Direct Data Integration. Connect directly to your ERP, CRM, or HCM systems to pull fresh data without manual exports or uploads.
- XBRL Tagging. Apply standardized tags to your financial data easily to meet regulatory requirements for digital reporting and filings.
- Workflow Automation. Automate your review cycles and task assignments to keep your reporting process moving forward without manual follow-ups.
- Granular Permissions. Control exactly who can view or edit specific sections of your reports to maintain data security and confidentiality.
Pricing Comparison
Planful Pricing
Workiva Pricing
Pros & Cons
Planful
Pros
- Significantly reduces time spent on monthly financial closes
- Excellent Excel add-in maintains familiar user workflows
- Strong customer support and active user community
- Flexible reporting handles complex multi-currency requirements
Cons
- Initial implementation requires significant time and resources
- Advanced administrative tasks have a steeper learning curve
- Pricing is less transparent than entry-level tools
Workiva
Pros
- Eliminates manual data entry errors through automated linking
- Simplifies complex SEC and ESG filing processes significantly
- Excellent customer support and dedicated success managers
- Strong version control and detailed audit history tracking
Cons
- Higher price point compared to basic reporting tools
- Initial setup and implementation requires significant time
- Learning curve for advanced XBRL tagging features