OnPlan

Pros: OnPlan has a few key advantages over the legacy software it replaced. Specifically, organization/project management, flexibility of product, avoiding manual user manipulation of source data, detailed bottoms up reporting/accounting, and combining actuals and forecasts in one system. Another feature to highlight is the platform’s ability to easily create and run various ‘What-if’ scenarios that enable us to make data-driven decisions when it comes to both short-term adjustments and larger strategic shifts.

Cons: Although the platform currently has most of the features we require, there are still a few things in the development pipeline we’re waiting for with excitement. Still, the service team has proven itself more than capable when it comes to delivering solutions to any issues we’ve run into so far.

Overall: Prior to switching to OnPlan, the shortcomings of our existing software were starting to become ever more obvious. Not being able to integrate the model with other software meant we weren’t able to create a single source of truth without investing many hours of labor into maintaining the model manually. With OnPlan, we were not only able to cut much of this work out but improve our ability to visualize, analyze and share the data as well.

Pros: One of the key advantages of OnPlan over our old process is that we’re able to get real-time insights into the impact of changes to the model. Furthermore, the OnPlan model integrates with Quickbooks allowing it to line up with actuals automatically. This makes it much easier for our team to evaluate forecasts against historical performance at the line-item level. Thanks to having a more sophisticated modeling tool in place, we’ve been able to consistently hit financial targets since implementation.

Cons: It’s a great product but there’s always room for new features. The few formatting features we requested updates to were quickly addressed by the OnPlan team. We’ve had a true 5-star experience ever since the implementation.

Overall: Before implementing OnPlan, Perkville used Google Sheets for forecasting, planning and reporting. The model’s inaccuracy resulted in the company missing a number of key financial targets. We have regularly hit our numbers since moving to OnPlan. We now have confidence in our forecast, and our Board members are much happier. The direct integration with Quickbooks saves us a ton of time. But the two critical issues it has solved is making sure we don’t run out of cash, and having a trustworthy forecast that we can base decision making on.

Pros: Having instant access to a variety of ‘What-if’ scenarios has enabled us to make data-driven, strategic financial decisions that impact our course of action over multiple planning periods while remaining flexible to adjust and make tactical decisions with a more immediate impact. We’ve also extensively leveraged OnPlan’s variety of integration options, allowing us to use OnPlan as our single source of truth.

Cons: While a few of our requests are still in OnPlan’s development roadmap (e.g advanced and well designed GoogleSlide templates that pulls data directly from the OnPlan models, some collaboration tools), OnPlan’s service team has delivered a lot of our needs over the last 2 years. I’m excited to see the product continue to grow.

Overall: Prior using OnPlan, we relied on spreadsheets for our financial planning. Without the ability to integrate the model with other software most of the work was time consuming and susceptible to human error.
With OnPlan we have a single source of all operational data for the operations team. We’ve cut lots of hours of labor and have the ability to easily share data with key stakeholders via tailored dashboards or directly on Google Sheets.