Country for PR: United States
Contributor: PR Newswire New York
Thursday, June 10 2021 - 07:20
AsiaNet
Planful Debuts "Predict: Signals," a Native AI and ML Anomaly Detection Technology for FP&A
REDWOOD CITY, Calif., June 10, 2021 /PRNewswire-AsiaNet/ --

  -- Predict Signals Gives FP&A Teams Unmatched Confidence and Strategic 
     Insight to Drive Greater Business Impact

Planful Inc. ( 
https://c212.net/c/link/?t=0&l=en&o=3190371-1&h=3430013768&u=https%3A%2F%2Fplanful.com%2F&a=Planful+Inc 
), the pioneer of financial planning, analysis (FP&A), and consolidations cloud 
software, today announced the launch of "Predict: Signals," the first of a 
range of product releases in the Planful Predict portfolio, a suite of native 
artificial intelligence and machine learning (AI/ML) products that will be 
released in 2021 and beyond.

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

Predict: Signals, a native Al/ML anomaly detection technology, eliminates the 
need for a detailed manual review of data, ensuring forecasts are accurate and 
alerting the business to outliers in data. The solution checks for 
abnormalities, identifies patterns, and augments planning and decision-making 
efforts with intelligent forecasts and recommendations, using a native AI/ML 
engine.

"Incorporating AI/ML into the Planful platform is incredibly beneficial to 
companies at many different levels," said Glenn Snyder, Head of FP&A at Global 
Growth Holdings. "Predict: Signals has the potential to have a significant 
impact for Planful customers as they adopt this new technology. This range of 
Predict tools has the capability to dramatically improve the efficiency and 
accuracy of finance processes, allowing finance teams to focus on greater 
value-add and higher-impact work."

In addition to Predict: Signals, Planful Predict will expand over time to 
encompass a full suite of native AI/ML solutions that enhance forecasting, 
empowering business users to accelerate insight-driven decisions in a 
smooth-flowing environment. At its core, the suite is being designed to help 
finance and accounting professionals make confident and intelligent financial 
decisions with greater agility and accuracy.

"The Planful Predict suite of applications will further modernize how finance 
and accounting professionals accomplish their work through three key 
attributes," said Grant Halloran, Planful's Chief Executive Officer. "First, as 
a super-powered digital assistant that operates like a million sets of extra 
eyes, 24/7, searching for anomalies in financial data. Second, as a technology 
that supports, yet doesn't replace the skills of intuitive human planners and 
analysts. Third, as a frictionless aid that is native in the platform at the 
point of need, thus eliminating the need for third-party AI. Predict: Signals 
has the ability to augment a user's efficiency in data signal detection by 
orders of magnitude."

Predict: Signals can surface hidden errors and anomalies in huge volumes of 
data that may require further investigation by a human and present 
recommendations for corrective action.

"The ability for FP&A professionals to quickly and collaboratively use a wide 
range of trusted business data–not just financials–has become increasingly 
important to improve the business value of planning and budgeting," said Robert 
Kugel, Senior Vice President and Research Director at Ventana Research. "The 
application of AI to planning will become increasingly important over the next 
five years. AI will enable companies to improve their planning and 
decision-making by, for example, identifying prediction signals that can 
improve forecast accuracy or quickly spot anomalies in plans or results."

To learn more about the Planful Predict suite and inquire about a demo of 
Predict: Signals, click here ( https://planful.com/predict-signals ).

About Planful
Planful (formerly Host Analytics) is the pioneer of financial planning & 
analysis (FP&A) and consolidations cloud software. The Planful platform is used 
by the Office of the CFO around the globe to streamline business-wide planning, 
budgeting, consolidations, reporting, and visual analytics. More than 800 
customers, including Boston Red Sox, Del Monte, TGI Friday's, and 23andMe, rely 
on Planful to accelerate cycle times, increase productivity, and improve 
accuracy across the end-to-end FP&A process. Planful is a private company 
backed by Vector Capital, a leading global private equity firm. Learn more at 
www.planful.com.

Contact
press@planful.com

Additional Resources
Hear from Planful customers ( 
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)
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)
Discover Continuous Planning ( 
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)
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Source - Planful