Country for PR: United States
Contributor: PR Newswire New York
Thursday, June 25 2020 - 23:00
AsiaNet
Planful Raises Equity Round to Meet Increasing Demand for Its Cloud-Based FP&A Solution
REDWOOD CITY, Calif., June 26, 2020 /PRNewswire-AsiaNet/ --

-- Additional Funds from Majority Shareholder Vector Capital and Other Leading 
Investment Firms Position Planful to Seize Market Opportunities, Invest in 
Product, and Drive Go-to-Market Initiatives 

Planful Inc. (https://planful.com/ ) (formerly Host Analytics), a leading 
financial planning and analysis (FP&A) cloud platform provider, today announced 
that the company has raised an equity round led by Vector Capital, a leading 
global private equity firm that specializes in transformational investments in 
established technology businesses. The equity round also included existing 
investors StarVest Partners and Monroe Capital. Planful expects to use the 
proceeds to meet growing global demand for its cloud-based FP&A solution and 
interest in its Continuous Planning vision.

Logo - https://mma.prnewswire.com/media/1077463/Planful_Logo.jpg

Planful has seen a marked increase in the use of its platform by existing 
customers, including Bose, the Boston Red Sox, and Del Monte, as businesses 
rapidly analyze various factors affecting performance and run more frequent 
forecasting scenarios using Planful's intuitive platform. With a Continuous 
Planning ( 
https://planful.com/pressrelease/defining-a-modern-framework-for-financial-decision-making/ 
) approach, Planful customers can compress cycle times and facilitate faster 
collaboration with increased process and data connectivity throughout every 
corner of the organization, increasing agility and enabling faster, more 
confident planning and decision-making.

"We live in an increasingly dynamic world and the traditional planning process 
with spreadsheets and annual budgets no longer works for modern businesses," 
said Luis Martinez Luna, Senior Financial & Business Analyst at Bose, a 
manufacturing company that predominantly sells audio equipment. "With Planful, 
we're able to ensure there is connectedness across the business throughout the 
planning process, giving us a single source of truth that is flexible enough to 
serve all units of our business, regardless of the economic climate." 

Planful CEO Grant Halloran said, "The COVID-19 pandemic has been a stark 
realization for many businesses that the need to modernize the back office is 
critical. We've seen a significant increase in demand for our platform over the 
past several months and have the capital backing to expand our team and 
go-to-market capabilities, as well as accelerate our product roadmap. Our 
recently announced Planful Now ( 
https://www.prnewswire.com/news-releases/planful-announces-planful-now-offering-to-provide-high-impact-roi-and-rapid-time-to-value-for-customers-301061918.html 
) offering enables businesses to be up and running in 30 days or less, 
realizing the value of our solution more quickly than ever before."

About Planful
Planful is a leading financial planning and analysis (FP&A) cloud platform. 
Planful delivers a vision of Continuous Planning by accelerating the end-to-end 
FP&A process and fostering business-wide participation in agile planning and 
decision-making. More than 800 customers including Bose, Boston Red Sox, Del 
Monte, TGI Friday's, and 23andMe rely on Planful for financial planning and 
budgeting, dynamic operational planning, financial consolidations, reporting, 
and visual analytics. Planful is a private company backed by Vector Capital, a 
leading global private equity firm specializing in transformational investments 
in established technology businesses. Learn more at www.planful.com.

Additional Resources 
View on-demand content (https://www.planfultour.com/ ) from the Planful Virtual 
Tour
View FP&A resources to navigate an uncertain world  
(https://planful.com/blog/helpful-fpa-resources-part-vii/ )
Learn more about Planful customers (https://planful.com/customers/ )
Join the conversation on social media: LinkedIn 
(http://www.linkedin.com/company/host-analytics-inc ), Twitter 
(https://twitter.com/hostanalytics ), or Facebook 
(https://www.facebook.com/PlanfulInc/ ).

Contact
press@planful.com

SOURCE  Planful