OnPlan: an essential tool in your finance tech stack
Rating: 10 out of 10
IncentivizedUse Cases and Deployment Scope
OnPlan is our single source of truth for all financial data points and metrics such as cost of a particular vendor (incl. history), cash, runway, CAC, ARR, churn rates, FTE costs, etc. In addition, we use OnPlan for the following:
- Financial planning and budgeting
- Controlling of accounting quality - detection of erroneous GL entries
- Scenario planning for investment decisions
- Board deck and investor reporting (variance analysis)
Pros
- Integration with QBO and SFDC
- Integration with Google sheets and presentations
- User friendly and polished UE
- Easy Excel like syntax for modelling
- Flexibility to create custom formulas
- User roles and permissions
- Handling of fiscal year vs. calendar as well as switching between monthly/quarterly views
Cons
- Chart library or templates to quickly create polished Google charts
- More collaboration features for comments and questions to team members
Likelihood to Recommend
OnPlan is well suited for finance teams looking to maintain control of their corporate/financial models. Every model can be exported to Excel. In particular, for early-stage to mid-stage companies, OnPlan provides a powerful and inexpensive solution that allows for automation and customization. Another strong argument for OnPlan is their experienced CSM/IM team that helps to build the first model and acts as a sounding board with insights to improve the models.
OnPlan might be less powerful for large organizations operating across multiple divisions, countries, and entities as this requires sophisticated consolidation processes and standardization, which might be difficult to maintain with OnPlan. Implementations depending on complexity can take longer due to the customization options and plethora of options to make models more accurate.
OnPlan might be less powerful for large organizations operating across multiple divisions, countries, and entities as this requires sophisticated consolidation processes and standardization, which might be difficult to maintain with OnPlan. Implementations depending on complexity can take longer due to the customization options and plethora of options to make models more accurate.
JO
Joe Oest
VP of Finance in Finance and Accounting at Welkin Health, Inc. (11-50 employees)
Vetted Review
2 years of experience