Company Experiences Significant New Customer Growth, Earns Industry Awards and Analyst Recognition as Growth Trajectory Continues
REDWOOD CITY, Calif., Oct. 27, 2022 /PRNewswire/ -- Planful Inc., the pioneer of financial performance management cloud software, today announced that the company's accelerated growth trend continued in the third quarter of 2022, marking another period of records across the board, including a 70% year-over-year increase in customer expansion bookings and a record number of new customers, adding Zappos, Igloo, Cloud Staff, Otto Car Limited, Flynn Group of Companies, and more.
Also in Q3, Planful acquired Plannuh, a leading Marketing Performance Management (MPM) SaaS vendor, to give trailblazing CFOs and CMOs tools to drive more opportunities for business growth. Planful now provides marketers with deep financial intelligence for all marketing activities and the ability to better support finance's needs for accurate spend, accruals, and results data. Marketers are able to course-correct campaign and activity investments in real-time to maximize ROI, while increasing visibility and collaboration with their finance colleagues.
This quarter, Planful experienced record subscription bookings, upsell bookings, customers added, and customer retention rates, in addition to recognition from awards organizations and analyst firms. Highlights from Q3 include:
Record customer growth is fueled by companies around the globe turning to Planful to modernize business-wide planning and extend financial performance into more areas of the business.
Ten Lifestyle Group, who partnered with Planful to eliminate the burden of slow, manual financial processes, is a global travel and lifestyle concierge company with 1,000 employees that runs more than 50 corporate client- and employee-loyalty programs and private services for millions of members worldwide. James Muscat, Commercial Finance & FP&A Director, Ten Lifestyle Group, said: "Life before Planful was just Excel city. If you don't have the right finance technology in place, you end up building spreadsheet models that all link to each other, everything goes wrong, and it gets frustrating. Now, we can ensure departments in the business, including Product, Technology, and Operations can plan their budget and quarterly forecasts with greater ease and accuracy and see their monthly results in more meaningful formats, quicker."
Grant Halloran, Planful Chief Executive Officer, said: "I'm proud of the Planful team and partners for continuing to execute at such a high level to meet this demand, and make customers successful, quickly."
Requests for a demo can be made here: www.planful.com.
Planful is the pioneer of financial performance management cloud software. The Planful platform is used around the globe to streamline business-wide planning, budgeting, consolidations, reporting, and analytics. Planful empowers finance, accounting, and business users to plan confidently, close faster, and report accurately. More than 1,300 customers, including 23andMe, Bose, Boston Red Sox, Five Guys, and Zappos, rely on Planful to accelerate cycle times, increase productivity, and improve accuracy. Planful is a private company backed by Vector Capital, a leading global private equity firm. Learn more at www.planful.com.
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