{"id":5878,"date":"2022-02-08T15:01:00","date_gmt":"2022-02-08T15:01:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3655676_EN55676_0"},"modified":"2022-02-08T15:01:00","modified_gmt":"2022-02-08T15:01:00","slug":"planful-achieves-record-breaking-growth-in-2021-driven-by-market-demand-and-transformation-strategy","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=5878","title":{"rendered":"Planful Achieves Record-breaking Growth in 2021, Driven by Market Demand and Transformation Strategy"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1077463\/Planful_Logo.jpg?p=medium600 \" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i>2021 brought record customer acquisition, new global partnerships, international expansion, growth of management team, introduction of new products, and more<\/i><\/p>\n<p><span class=\"xn-location\">REDWOOD CITY, Calif.<\/span>, <span class=\"xn-chron\">Feb. 8, 2022<\/span> \/PRNewswire\/ &#8212; <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=1562249946&amp;u=https%3A%2F%2Fplanful.com%2F&amp;a=Planful+Inc\" rel=\"nofollow noopener\">Planful Inc<\/a><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=3052449187&amp;u=https%3A%2F%2Fplanful.com%2F&amp;a=.\" rel=\"nofollow noopener\">.<\/a><\/u>, the pioneer of end-to-end financial close, consolidation, and financial planning &amp; analysis (FP&amp;A) cloud software, today announced a breakthrough fiscal year, with new customer acquisitions up 95% year-over-year. <\/p>\n<p>The company&#8217;s accelerated growth is a result of a multi-year transformation, global expansion, and increasing <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=962657794&amp;u=https%3A%2F%2Fplanful.com%2Fpressrelease%2Fplanful-named-a-hot-company-to-watch-in-2022-by-nucleus-research%2F&amp;a=market+demand+for+modern+Office+of+the+CFO+\" rel=\"nofollow noopener\">market demand for modern Office of the CFO <\/a><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=577896515&amp;u=https%3A%2F%2Fplanful.com%2Fpressrelease%2Fplanful-named-a-hot-company-to-watch-in-2022-by-nucleus-research%2F&amp;a=technology\" rel=\"nofollow noopener\">technology<\/a><\/u>, as businesses in all industries seek to navigate market disruptions and remain competitive in today&#8217;s uncertain economy.<\/p>\n<p>Significant corporate transformation greatly contributed to Planful&#8217;s record-breaking performance in fiscal 2021, beginning with the company&#8217;s acquisition by Vector Capital in late 2018. With an expanded executive team boasting deep industry expertise, the company has rebranded, established a global reseller channel, expanded into international markets, and quickened the pace of bringing innovative products to market.&nbsp; <\/p>\n<p>&#8220;I&#8217;m very proud of the entire Planful team, especially the strong talent within our R&amp;D organization, for the amazing commitment to helping Planful attain breakthrough results and rapid product advancements this year,&#8221; said Planful&#8217;s Chief Executive Officer, <span class=\"xn-person\">Grant Halloran<\/span>. &#8220;Our achievements are, in large measure, the result of a highly-dedicated, global team that is focused on bringing world-class service and product experience to our customers.&#8221; <\/p>\n<p><b>2021 highlights include:<\/b><\/p>\n<ul type=\"disc\">\n<li>Subscription bookings growth up 65% year-over-year <\/li>\n<li>Increased new customer acquisitions by 95% year-over-year <\/li>\n<li>Tripled the size of the partner channel, with over 400% channel subscriptions bookings growth year-over-year and new partnerships with <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=410956335&amp;u=https%3A%2F%2Fplanful.com%2Fblog%2Fpartners%2Facumatica%2F&amp;a=Acumatica\" rel=\"nofollow noopener\">Acumatica<\/a><\/u>, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=1178759779&amp;u=https%3A%2F%2Fplanful.com%2Fmicrosoft-partnership%2F&amp;a=Microsoft\" rel=\"nofollow noopener\">Microsoft<\/a><\/u>, and <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=2402385845&amp;u=https%3A%2F%2Fplanful.com%2Fadrabytrintech-partnership%2F&amp;a=Trintech\" rel=\"nofollow noopener\">Trintech<\/a><\/u> <\/li>\n<li>Global expansion continued, with over 110% growth year-over-year in international customer additions and office openings in <span class=\"xn-location\">London<\/span>, <span class=\"xn-location\">Sydney<\/span>, and <span class=\"xn-location\">Toronto<\/span> <\/li>\n<li>Increased the velocity of product advancements, including: launched the Planful Predict suite of native AI\/ML applications, releasing <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=604358761&amp;u=https%3A%2F%2Fwww.accountingtoday.com%2Fnews%2Fplanful-launches-native-ai-ml-portfolio&amp;a=Predict%3A+Signals\" rel=\"nofollow noopener\">Predict: Signals<\/a><\/u> and <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=2774706870&amp;u=https%3A%2F%2Fplanful.com%2Fpressrelease%2Fplanful-announces-newest-addition-to-predict-suite-of-native-ai-ml-applications-predict-projections%2F&amp;a=Predict%3A+Projections\" rel=\"nofollow noopener\">Predict: Projections<\/a><\/u> to provide user-friendly data science capabilities; <span class=\"xn-location\">India<\/span>-based R&amp;D organization delivered more innovative product features than any other year in company history <\/li>\n<li>Recognized with the WellBeyond Program of the Year Award for Emerging Companies from Sequoia, for commitment to employee health via Planful&#8217;s innovative wellness programs <\/li>\n<li>Recognized by leading industry analyst firms: included in Constellation Research <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=4267469385&amp;u=https%3A%2F%2Fplanful.com%2Fpressrelease%2Fplanful-named-to-constellation-research-shortlist-for-cloud-based-planning-platforms%2F&amp;a=Shortlist+for+Cloud-Based+Planning+Platforms\" rel=\"nofollow noopener\">Shortlist for Cloud-Based Planning Platforms<\/a><\/u>; named an <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=1933049201&amp;u=https%3A%2F%2Fplanful.com%2Fpressrelease%2Fplanful-named-an-experience-leader-in-2021-dresner-advisory-services-wisdom-of-crowds-study%2F&amp;a=Experience+Leader\" rel=\"nofollow noopener\">Experience Leader<\/a><\/u> in the Dresner Advisory Services&#8217; Wisdom of the Crowds Study; and recognized by Nucleus Research as a <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=155841586&amp;u=https%3A%2F%2Fplanful.com%2Fpressrelease%2Fplanful-named-a-hot-company-to-watch-in-2022-by-nucleus-research%2F&amp;a=Hot+Company+to+Watch+in+2022\" rel=\"nofollow noopener\">Hot Company to Watch in 2022<\/a><\/u> and a <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=811177001&amp;u=https%3A%2F%2Fplanful.com%2Fpressrelease%2Fplanful-named-a-leader-in-the-nucleus-research-cpm-technology-value-matrix-for-ninth-consecutive-year%2F&amp;a=Leader\" rel=\"nofollow noopener\">Leader<\/a><\/u> in their Corporate Performance Management Value Matrix in both 2021 and 2022, marking the company&#8217;s ninth consecutive year as a Leader <\/li>\n<li>Held a highly successful <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=606728757&amp;u=https%3A%2F%2Fplanful.com%2Fperform%2F&amp;a=Planful+Perform+2021\" rel=\"nofollow noopener\">Planful Perform 2021<\/a><\/u> virtual user conference in September&#8211;doubling attendance from the 2020 virtual event&#8211;that featured 20 hours of content, 35 speakers, and 2,000 attendees<\/li>\n<\/ul>\n<p>During 2021, Planful met global market demand for agile finance and accounting capabilities with its intuitive and easy-to-use cloud platform, adding leading brands to its customer community, including Babcock &amp; Wilcox; Dollar Shave Club; Figs; LP Building Solutions; Tile, Inc.;&nbsp;Rakuten Advertising; and Zipline Logistics.<\/p>\n<p><u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=1532006684&amp;u=https%3A%2F%2Fplanful.com%2Fcase-studies%2Flifestance-health-transforms-fpa-in-just-three-weeks-with-planful%2F&amp;a=LifeStance\" rel=\"nofollow noopener\">LifeStance<\/a><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=2571510394&amp;u=https%3A%2F%2Fplanful.com%2Fcase-studies%2Flifestance-health-transforms-fpa-in-just-three-weeks-with-planful%2F&amp;a=%C2%A0Health\" rel=\"nofollow noopener\">&nbsp;Health<\/a><\/u>, a national provider of behavioral healthcare services, is on a high-growth track expanding to over 700 locations in four years, bringing together 5,000 clinicians to provide comprehensive mental health treatment services for patients of all ages across the U.S. <span class=\"xn-person\">Noah Pieper<\/span>, Director of FP&amp;A, LifeStance Health, said: &#8220;As our business continues to expand at a high rate, we know Planful will continue to scale with us in functionality and performance. Planful has transformed how we plan and report throughout our growth.&#8221; Pieper turned to Planful to help his company achieve its growth goals by modernizing their planning, budgeting, and reporting efforts. With Planful, LifeStance now has faster access to current financial insights, and its finance and accounting teams have tighter collaboration with the business and more time to focus on the company&#8217;s continued growth.<\/p>\n<p>To learn more, inquire about a <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=3755862297&amp;u=https%3A%2F%2Fplanful.com%2Fresources%2Fon-demand-webinars%2Fplanful-live-demo%2F&amp;a=demo\" rel=\"nofollow noopener\">demo<\/a><\/u> and register for <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=3613906010&amp;u=https%3A%2F%2Fplanful.com%2Fperform%2F&amp;a=Planful+Perform+%2722\" rel=\"nofollow noopener\">Planful Perform &#8217;22<\/a><\/u>, the company&#8217;s annual user conference in <span class=\"xn-location\">Las Vegas, Nevada<\/span> this May.<\/p>\n<p><b>About Planful<\/b><br \/>Planful is the pioneer of end-to-end financial close, consolidation, and financial planning &amp; analysis (FP&amp;A) 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 1000 customers, including Boston Red Sox, <span class=\"xn-person\">Del Monte<\/span>, TGI Friday&#8217;s, and 23andMe, rely on Planful to accelerate cycle times, increase productivity, and improve accuracy across the end-to-end FP&amp;A process. Planful is a private company backed by Vector Capital, a leading global private equity firm. Learn more at <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=425937208&amp;u=http%3A%2F%2Fwww.planful.com%2F&amp;a=www.planful.com\" rel=\"nofollow noopener\">www.planful.com<\/a><\/u>.<\/p>\n<p><b>Contact<\/b><br \/><u><a target=\"_blank\" href=\"mailto:press@planful.com\" rel=\"nofollow noopener\">press@planful.com<\/a><\/u><\/p>\n<p><b>Additional Resources<\/b><br \/>Hear from Planful&nbsp;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=778355459&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3389792-1%26h%3D3851148878%26u%3Dhttps%253A%252F%252Fwww.planful.com%252Fcustomers%252F%26a%3Dcustomers&amp;a=customers\" rel=\"nofollow noopener\">customers<\/a><br \/>Explore FP&amp;A&nbsp;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=1924764628&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3389792-1%26h%3D1364090953%26u%3Dhttps%253A%252F%252Fplanful.com%252Fnow%252F%26a%3Duse%2Bcases&amp;a=use+cases\" rel=\"nofollow noopener\">use cases<\/a><br \/>Discover&nbsp;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=1910167929&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3389792-1%26h%3D3457936013%26u%3Dhttps%253A%252F%252Fplanful.com%252Flive-demo%252F%25255d%26a%3DContinuous%2BPlanning&amp;a=Continuous+Planning\" rel=\"nofollow noopener\">Continuous Planning<\/a><br \/>Join the conversation on social media: <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=930423623&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3389792-1%26h%3D1770615194%26u%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fplanful-inc%26a%3DLinkedIn&amp;a=LinkedIn\" rel=\"nofollow noopener\">LinkedIn<\/a>, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=435090300&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3389792-1%26h%3D226268092%26u%3Dhttps%253A%252F%252Ftwitter.com%252Fplanful%26a%3DTwitter&amp;a=Twitter\" rel=\"nofollow noopener\">Twitter<\/a>, or <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=2208928299&amp;u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3389792-1%26h%3D1186828024%26u%3Dhttps%253A%252F%252Fwww.facebook.com%252FPlanfulInc%26a%3DFacebook&amp;a=Facebook\" rel=\"nofollow noopener\">Facebook<\/a>.<\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3437324-1&amp;h=2807962629&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1077463%2FPlanful_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1077463%2FPlanful_Logo.jpg\" rel=\"nofollow noopener\">https:\/\/mma.prnasia.com\/media2\/1077463\/Planful_Logo.jpg?p=medium600<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>2021 brought record customer acquisition, new global partnerships, international expansion, growth of management team, introduction of new products, and more REDWOOD CITY, Calif., Feb. 8, 2022 \/PRNewswire\/ &#8212; Planful Inc., the pioneer of end-to-end financial close, consolidation, and financial planning &amp; analysis (FP&amp;A) cloud software, today announced a breakthrough fiscal year, with new customer acquisitions [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":5879,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-5878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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