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Planful

Planful offers financial planning & analysis software that includes a complete platform for financial planning, consolidation, and reporting & analytics.

|Visit planful.com

How much does Planful cost?

When negotiating with Planful, focus on understanding their pricing structure, which includes an average contract value of approximately $73,297. This figure can vary based on factors like the number of users, the specific products chosen, and any add-ons selected. They have proposed prices totaling around $2,640,255, indicating a flexible pricing strategy that can accommodate various budgets.Planful offers multiple user tiers, including Power User and Contributor User add-ons, which could be relevant in negotiations. Knowing the potential savings percentage of about 16.24% based on past transactions may provide leverage to negotiate a better deal. Emphasize existing user trends, such as the average transaction count of 32, which can assist in negotiating bulk pricing or discounts.
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How does Planful price and package their products?
View pricing on Planful's website
Product: 
Standard
Available upon requestPayment TermsAnnual or MonthlyPopular FeaturesComprehensive FP&A platform offering real-time data analysis and reporting capabilities.Add-OnsPower User, Contributor User, Planful MPM, Predict

Negotiating with Planful

Negotiation Tips

Leverage competitive offers from alternative vendors to showcase pricing differences and bolster your negotiation position. Highlight how other competitors provide similar functionalities at a reduced cost, which may push Planful to match or improve upon their offer to retain your business.
Request the removal of any proposed uplift or increase in pricing tied to additional users or functionality. Emphasize that your budget does not allow for increases and that it is common practice for other vendors to offer stable pricing amidst growth. Anchoring on your budget limitations can provide leverage to negotiate better terms.
Communicate to Planful your needs for additional users, emphasizing how this growth should correspond with lowered unit pricing. As you scale, articulate that the investment must align with your increasing user base and drive the expectation for economies of scale in pricing.
Ensure that the negotiated pricing and included features align with your actual utilization and needs. Request data from Planful that captures your usage to negotiate better terms or prune unnecessary functionalities that may contribute to inflated costs.
Offer to become a case study or reference for Planful in exchange for better pricing. Share how using their product can yield positive marketing for them, while you receive a mutually beneficial cost structure.
Negotiate for the removal of any auto-renewal clauses within the contract. This gives you leverage for further negotiations and reassessment of terms in the future. Explain that it’s a mandate from your finance team to avoid auto-renewals to ensure that every renewal aligns with the organizational budget and needs.

Considerations when buying Planful

OwnershipPlanful
Fiscal year endDecember 31
Best months to buyDecember, June
Payment TermsAnnual payment, Quarterly payment options available
Upgrades/downgradesYes, Planful offers both upgrades and downgrades for its services, making it easy for users to adjust their resources as their needs change.
Redline thresholdRedline threshold estimate is $2.

Additional Info

What is Planful?

Planful offers financial planning & analysis software that includes a complete platform for financial planning, consolidation, and reporting & analytics.
Planful's 1 Product
Planful
Planful offers financial planning & analysis software that includes a complete platform for financial planning, consolidation, and reporting & analytics.

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SOC2 attestation
Annual penetration tests
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