Cloud-based FP&A solution designed for insurance companies with capabilities for financial planning, budgeting, forecasting, consolidation, and reporting. Features include claims modeling, premium forecasting, and integrated financial and operational planning.
Applications that support budgeting, forecasting, and financial modeling to help insurers plan for future performance and resource allocation.
More Financial Planning and Analysis Tools
More Finance and Accounting ...
|
Multi-Source Data Import Supports importing data from spreadsheets, accounting software, ERPs, CRMs, and claims systems. |
Planful supports multi-source data import according to documentation and integration partners; includes ERPs, CRMs, spreadsheets. | |
|
Automated Data Refresh Ability to schedule regular and automated updates of datasets from source systems. |
Planful provides automated scheduling for data refresh as part of its integration and data workflows. | |
|
Real-Time Data Sync Supports real-time synchronization with associated data sources for live analysis. |
Real-time data sync is supported through APIs and direct connectors for up-to-date analytics. | |
|
Custom ETL (Extract, Transform, Load) Pipelines Allows users to build data transformation and mapping rules between systems. |
Planful offers custom ETL and transformation through configurable mapping as part of its data pipeline setup. | |
|
API Connectivity Can be integrated with external applications using standard or custom APIs. |
API connectivity is a core feature as stated in integrations section and marketplace. | |
|
Data Validation & Cleansing Includes tools to check, clean, and standardize imported data to ensure accuracy. |
Data validation and cleansing capabilities are built into the import and transformation workflow. | |
|
Data Import Speed Maximum speed at which the system can import data from connected sources. |
No information available | |
|
Historical Data Import Limit The maximum historical data range that can be ingested for trend analysis. |
No information available | |
|
Prebuilt Insurance Integrations Includes out-of-the-box integrations with common insurance platforms (e.g., Guidewire, Duck Creek). |
No information available | |
|
User Access Controls on Data Import Support for role-based access and approval workflows for data importing. |
User and role-based access controls for data import are present as part of Planful's security model. |
|
Multi-Scenario Budgeting Enables creation and comparison of multiple budget and forecast scenarios. |
Multi-scenario budgeting is listed as a Planful feature—enables comparison and management of several forecast versions. | |
|
Rolling Forecasts Supports continuous, rolling updates to financial forecasts. |
Rolling forecasts are supported and marketed as a core capability for continuous planning. | |
|
Top-Down & Bottom-Up Planning Offers both centralized and departmental planning approaches. |
Top-down and bottom-up planning options are available and highlighted in Planful's documentation. | |
|
Driver-Based Planning Utilizes key financial and operational drivers for forecasting processes. |
Driver-based planning is part of Planful’s scenario modeling and forecasting tools. | |
|
Scenario Planning Speed Time required to generate alternate scenario plans. |
No information available | |
|
Collaboration Tools for Budgeting Enables multiple users to participate in budgeting and forecasting simultaneously. |
Collaboration tools support multi-user contribution during budgeting and forecasting. | |
|
Audit Trail for Changes Tracks and logs all changes made to budgets and forecasts. |
Audit trail for changes is mentioned in security and compliance features. | |
|
Budget Version Control Supports multiple versions of budgets and forecast models with rollback. |
Supports multiple versions of budgets and version rollback (version control). | |
|
Adjustable Time Horizons Allows custom definition of forecasting and budget periods (monthly, quarterly, annual, etc.). |
Adjustable time horizons (monthly, quarterly, etc.) configurable by users. | |
|
Integrated Assumption Libraries Facilitates reuse and standardization of planning assumptions (e.g., inflation, claims frequency). |
No information available | |
|
Forecast Accuracy Measurement Tracks accuracy of forecasts compared to actuals over time. |
No information available |
|
Customizable Financial Models Allows users to create or modify financial models specific to the insurance business. |
Custom financial models for insurance can be built and configured in Planful. | |
|
Embedded Actuarial Calculations Includes built-in actuarial and statistical functions (e.g., loss triangles, reserving models). |
Planful for Insurance directly markets actuarial/statistical calculations, such as claims modeling and reserve estimation, as embedded. | |
|
What-If Analysis Enables dynamic adjustments to inputs for on-the-fly scenario evaluation. |
What-if analysis available through scenario management capabilities. | |
|
Predictive Analytics Supports machine learning and statistical modeling for claims trend prediction and pricing. |
Predictive analytics, machine learning and advanced stat models called out for trend forecasting. | |
|
Monte Carlo Simulation Built-in functionality to run probability-based simulations for risk analysis. |
No information available | |
|
Sensitivity Analysis Ability to test and visualize the impact of changing key input variables. |
Sensitivity analysis mentioned as part of modeling process in Planful's analytics features. | |
|
Model Calculation Speed Average time required to run a complex model. |
No information available | |
|
Model Library Provides a library of prebuilt models for insurance (e.g., cash flow, solvency, premium projection). |
Prebuilt model library including insurance financial models is referenced as a Planful capability. | |
|
Versioning of Models Tracks and allows reversion of changes to financial models. |
Model versioning and rollback are part of Planful’s control system for models. | |
|
Documentation Support Allows in-tool documentation and annotation of model logic. |
In-tool documentation and annotation are supported per user help and knowledge base. | |
|
Modular Model Components Enables creation and reuse of model building blocks to streamline future modeling. |
No information available |
|
Customizable Dashboards Users can build and personalize dashboards with charts, graphs, and KPI widgets. |
Customizable dashboards advertised as a differentiator and key for insurance analytics. | |
|
Prebuilt Financial Reports Includes a set of standard insurance financial reporting templates (e.g., statutory, regulatory). |
Library of prebuilt insurance and finance reports delivered with the solution. | |
|
Ad Hoc Reporting Users can quickly generate custom reports without IT assistance. |
Ad hoc report creation is highlighted, with no IT dependence. | |
|
Scheduled Reporting Reports can be scheduled for automatic generation and distribution. |
Scheduled reporting is available for automating periodic and regulatory reporting. | |
|
Self-Service Analytics Enables business users to build and analyze reports independently. |
Self-service analytics for business users is a key value prop of Planful. | |
|
Data Export Formats Supported number of export formats (e.g., PDF, Excel, CSV, XML). |
No information available | |
|
Interactive Visualization Tools Includes tools for interactive data exploration (e.g., drilldowns, filters). |
Interactive data exploration (drilldown, filters) is central to Planful's dashboards. | |
|
Mobile-Ready Reporting Dashboards and reports are accessible and optimized for mobile devices. |
Mobile-responsive dashboards and native mobile apps are available. | |
|
Narrative Commentary Users can add textual commentary or explanations to reports. |
No information available | |
|
Role-Based Report Access Controls who can view, edit, or share reports based on user roles. |
Role-based access to reports is configured via Planful's user and permissions management. | |
|
Real-Time Dashboards Visualizations refresh dynamically with live data feeds. |
Real-time dashboards enable live view of finance and insurance metrics. |
|
In-Platform Messaging Facilitates direct communication among users within the application. |
No information available | |
|
Task Assignment & Tracking Enables tracking and delegation of tasks involved in planning and analysis cycles. |
No information available | |
|
Approval Workflows Configurable multi-step approval processes for budgets and forecasts. |
Approval workflows are present for budget/forecast submissions and approvals. | |
|
Change Notifications Automated alerts and updates for key events or submissions. |
Notification system and alerting for workflow and submissions are available. | |
|
Concurrent Editing Multiple users can edit budgeting or forecasting documents at the same time. |
Supports concurrent editing for scenario planning and budgeting by multiple users. | |
|
Commenting & Annotations Users can comment on specific cells, reports, or model assumptions. |
Commenting and annotations on plans and models is highlighted in collaboration tools. | |
|
Collaboration Audit Log Tracks all user actions and collaboration events. |
Audit logs for collaboration events are maintained. | |
|
Workflow Template Library A set of prebuilt workflow templates for insurance FP&A processes. |
No information available | |
|
User Activity Dashboard Provides a summary of current user assignments, approvals, and tasks. |
No information available | |
|
Time to Approve Workflow Step Average time it takes for approval workflows to be completed. |
. | No information available |
|
Data Encryption All data is encrypted both at rest and in transit. |
Data encrypted in transit and at rest per Planful’s trust/security center. | |
|
Role-Based Access Control Access permissions can be tailored to individual roles within the organization. |
Role-based access for security and compliance is part of Planful's standard offering. | |
|
Audit Trails Complete logging of user actions and data modifications for compliance. |
Full audit trails for user/data changes are part of compliance features. | |
|
Regulatory Reporting Templates Includes built-in templates for insurance compliance and regulatory filings (e.g., IFRS 17, Solvency II). |
Regulatory/reporting templates for insurance (statutory, regulatory) are detailed on website. | |
|
GDPR/CCPA Support Features to facilitate compliance with data protection regulations. |
GDPR and CCPA compliance stated under trust/compliance sections. | |
|
Single Sign-On (SSO) and MFA Supports enterprise authentication protocols and multi-factor authentication. |
SSO and MFA offered for enterprise customers per security documentation. | |
|
Data Retention Policies Configurable data archival and retention management. |
Configurable data retention policies described in trust and data governance resources. | |
|
Penetration Testing Frequency How often the system undergoes security penetration testing. |
No information available | |
|
User Session Timeout Controls Customizable inactivity timeouts for user sessions. |
No information available | |
|
Incident Response Procedures Documented procedures for managing security breaches. |
Documented incident response processes for breaches are available publicly for Planful. | |
|
Data Residency Options Ability to select data storage in specific geographic regions. |
Planful offers clients choice of data region/storage location to meet residency requirements. |
|
Claims Forecasting Tools for projecting future insurance claims based on trends and actuarial data. |
Claims forecasting is specifically called out as an insurance solution feature. | |
|
Policyholder Profitability Analysis Ability to analyze profitability by policy segment or product line. |
Policyholder profitability analysis is enabled via dashboards and custom insurance analytics. | |
|
Loss Ratio Analytics Automatic calculation and trend analysis for key insurance ratios (e.g., loss, expense, combined). |
Loss ratio analytics and insurance-specific ratios are calculated automatically. | |
|
Premium Revenue Modeling Supports forecasting and backtesting premium revenue scenarios. |
Premium revenue modeling is a key marketed scenario/planning feature. | |
|
Reserve Adequacy Testing Built-in analytics for claims reserving and adequacy verification. |
Claims reserving analytics, including reserve adequacy testing, referenced on product pages for insurance. | |
|
Reinsurance Planning Tools Assists with modeling the impact of reinsurance structures. |
Reinsurance scenario modeling is available for insurance customers. | |
|
Compliance with Insurance Accounting Standards Includes logic for accounting under statutory frameworks. |
Planful claims compliance with insurance accounting frameworks for regulatory reporting. | |
|
Underwriting Channel Analysis Provides analysis tools for profitability by channel or intermediary. |
No information available | |
|
Policy Lifecycle Modeling Models full policy life from quote to claim, renewal, or lapse. |
No information available | |
|
Integration with Actuarial Tools Can be connected to external actuarial systems (e.g., Moody's Analytics, Milliman). |
No information available |
|
Intuitive User Interface Designed for easy navigation, with consistent layouts and terminology. |
Planful features a modern, intuitive user interface for FP&A and insurance users. | |
|
Customizable Workspaces Users can personalize dashboards and layouts. |
Personalized dashboards and workspace layout support provided. | |
|
User Onboarding Tutorials Guided onboarding and contextual training within the product. |
In-app onboarding walkthroughs/tutorials are offered for new users. | |
|
Multi-Language Support Available in multiple languages for diverse teams. |
Multi-language capabilities referenced in documentation for global insurance clients. | |
|
Accessibility Compliance Complies with common accessibility standards (e.g., WCAG 2.1). |
No information available | |
|
In-Tool Help & Documentation Comprehensive, searchable help resources available within the application. |
Comprehensive in-app help and documentation system is available. | |
|
Average User Task Speed Mean time required to complete common tasks (e.g., running a forecast). |
No information available | |
|
Error Message Clarity Clear, actionable feedback when issues occur. |
Error messages and informational prompts acclaimed as clear and actionable in reviews/documentation. | |
|
Bulk Data Update Tools Efficient interfaces for updating large datasets. |
Product supports bulk data updates, e.g., for importing and updating actuals. | |
|
Keyboard Shortcuts Keyboard-based navigation and command options. |
No information available |
|
Cloud-Based Deployment Offered as a fully managed SaaS solution. |
Planful is 100% cloud/SaaS according to site and product documents. | |
|
On-Premises Option Ability to deploy the product on local infrastructure if required. |
No information available | |
|
Multi-Tenancy Can securely host multiple business units or legal entities within a single platform. |
Multi-tenancy allows separate insurance entities (BU/legal) on same platform. | |
|
Concurrent User Capacity Maximum number of users supported simultaneously. |
No information available | |
|
Geographic Data Centers Number of global data center locations for redundancy and compliance. |
No information available | |
|
High Availability Uptime Service level guarantee for platform uptime. |
undefined SaaS reliability/uptime SLA advertised at 99.9% or higher. |
|
|
Disaster Recovery Features Tools for automatic failover and data recovery. |
Disaster recovery and failover capabilities are marketed for business continuity. | |
|
Elastic Compute Scaling Automatically increases resources as workloads grow. |
Elastic compute scaling through SaaS architecture on AWS/Azure per documentation. | |
|
Integration with Identity Providers Supports integration with enterprise SSO and directory services (e.g., Active Directory, Okta). |
Integration with enterprise identity providers is standard for large insurance clients. | |
|
Mobile & Tablet Compatibility Works fully on mobile and tablet devices for remote or field staff. |
Planful offers mobile and tablet compatibility for remote finance/insurance teams. |
|
Open API Availability Comprehensive, documented APIs for extending or integrating the platform. |
Open, documented APIs are promoted for insurance integrations and extensions. | |
|
Prebuilt ERP Connectors Includes ready-to-use connections to leading ERP suites (SAP, Oracle, etc.). |
No information available | |
|
Plug-In Framework Supports custom plug-ins for bespoke functionality. |
No information available | |
|
Integration Monitoring Dashboard Monitors and reports on the status of all integrations. |
No information available | |
|
Custom Scripting/Logic Support Allows users to write custom scripts for data transformation or business logic. |
No information available | |
|
Webhook Support Can trigger and respond to webhooks for event-based integration. |
No information available | |
|
Marketplace for Add-Ons Access to a library of certified extensions or partner apps. |
No information available | |
|
Integration Throughput Maximum supported transactions between systems per minute. |
No information available | |
|
Legacy System Support Can connect and synchronize with older on-premises or mainframe systems. |
Legacy/mainframe integration supported through API and data connector frameworks according to documentation, for migration. | |
|
Custom Notification Channels Allows integration with external messaging or notification platforms (e.g., Slack, Teams, email). |
No information available |
|
24/7 Support Availability Round-the-clock technical and user support access. |
24/7 customer support included for enterprise Planful tier as listed on support site. | |
|
Dedicated Account Manager A designated representative for customer queries and escalations. |
Dedicated customer/account manager described in customer success packages. | |
|
Implementation Services Professional services for onboarding, configuration, and deployment. |
Implementation services for onboarding/configuration are standard with Planful rollouts. | |
|
Training Resources Comprehensive training materials and programs for end users and admin staff. |
Comprehensive user/admin training resources and courses available for insurance FP&A users. | |
|
Community Forums Access to online user communities for peer support. |
Planful community forums available for product knowledge sharing and peer support. | |
|
Service Level Agreements (SLAs) Guaranteed response and resolution times for support issues. |
SLAs for uptime, response, and support resolution provided by Planful. | |
|
Supported Languages Number of available support languages. |
No information available | |
|
User Conference & Webinars Periodic conferences and webinars for product updates and best practices. |
User events/conferences and webinars for insurance industry regularly promoted. | |
|
Feedback & Enhancement Channels Structured method for users to submit product feedback or feature requests. |
Feedback and enhancement requests managed via customer portal and support channels. | |
|
Vendor-Managed Upgrades Regular updates and upgrades are managed by the vendor. |
Vendor-managed upgrades included as part of cloud SaaS model. |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.