![]() ![]() ![]() This also limits room for human error, providing more accurate data on-demand, and in a format that makes sense to the end-user.įrom a user perspective, it’s designed to be as instinctive to use as possible, with an interface that mimics the look and feel of a regular Excel spreadsheet-but with far more capabilities. Its powerful automation processes enable your business to streamline its workflows, making it easier and faster when managing your data consolidation, business planning, budgeting, and reporting. Prophix is a piece of financial planning and analysis software designed to help corporations make more informed business decisions as they scale.ĭesigned for optimum security, user access can be tightly managed to ensure on the right people access the data they need. So for smaller businesses looking to grow, training is definitely recommended.īut as an enterprise-level FP&A tool, Workday’s customisable dashboards deliver rich insight when required, enabling seamless interaction with all available data across the entire organisation. ![]() Some users do report that it comes with more functions than is required for their business, which can cause confusion in new users. Its automation tools make month-end a breeze. Pre-built integration options allow users to take advantage of its easy-to-use interfaces, with pre-configured connectors and open APIs that enable a seamless data connection. Intuitive self-service reporting allows business stakeholders and users to create, explore, and perform granular analysis of key metrics that drive the business, all within a flexible drag-and-drop interface. It’s easy to get started, too, with a step-by-step guide that ensures even the newest user can get a handle on it. Powered by an intelligent, scalable, in-memory engine, this platform is designed to help organisations improve their process management, and make it easy to monitor tasks throughout the whole planning cycle. Workday provides enterprise-wide active planning, with the flexibility to plan and build modelling in real-time. Workday is the leading provider of enterprise cloud applications for finance and human resources, so it’s no surprise we’re including this FP&A tool on our list. AI-powered predictive forecasting capabilities provide more accurate and consistent forecasts for your planning, and its built-in reporting and analytics empower you to identify, deliver, and report on the data you need when you need it. While some users do report a steep learning curve, the benefits far outweigh the slow start. And its web-based interface means you can access this FP&A tool anywhere you have an internet connection. Made for collaboration, it helps you streamline planning by reducing information silos and improving how you share information. Powered by TM1, it’s a powerful engine that’s ideal for small to medium organisations.ĭesigned to be as easy-to-use and intuitive as possible, IBM Planning Analytics works to streamline how you gather your data and delivers it in one concise platform. IBM Planning Analytics is a flexible FP&A tool that runs on any cloud architecture and uses AI to provide a platform for users to manage and automate their planning, budgeting and forecasting. There have also been reports that the available visualisations in some cases aren’t as mature as other platforms.īut on the whole, it’s a powerful FP&A tool, with an attached app store that provides a range of pre-configured integrations to help users get more from their experience. ![]() It’s also made for collaboration: users can link operational data with financial outcomes and share information between functions, departments, and management levels in a few simple clicks.īe aware though that some users report that the Anaplan workflow, despite being customisable, doesn’t offer set options, making it somewhat more time-consuming to use and easy to over-engineer. Made to improve data management, Anaplan streamlines how users import, manage and re-purpose common data assets across multiple applications.īuilt for speed, it enables users to create interactive dashboards that can be adjusted in real-time. One of Anaplan’s big draw cards is its automated processes, which enable faster, more effective planning, budgeting, and forecasting. AnaplanĪnaplan is a FP&A platform designed to connect teams, systems, and insights, across your entire organisation. So to make it easier for you, we’ve created a quick guide to the best FP&A software solutions for 2022 that will help your business thrive. There are so many financial planning and analysis software solutions out there these days that it can be hard to know what to look for. ![]()
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