Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Board
Ranking in Business Performance Management
11th
Average Rating
8.4
Number of Reviews
36
Ranking in other categories
BI (Business Intelligence) Tools (23rd), Reporting (20th)
Planful
Ranking in Business Performance Management
16th
Average Rating
8.0
Number of Reviews
2
Ranking in other categories
Financial Close Software (17th)
 

Mindshare comparison

As of July 2024, in the Business Performance Management category, the mindshare of Board is 5.7%, down from 6.7% compared to the previous year. The mindshare of Planful is 0.7%, down from 4.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
Unique Categories:
BI (Business Intelligence) Tools
0.9%
Reporting
0.3%
 

Featured Reviews

VL
Feb 28, 2024
Prepares reports automatically, helps review financial statements, and enables decision-making
Board is quite a good solution. All the reports are prepared automatically. The data is uploaded from Business Central automatically. Sales analysis is a valuable feature. We can do a detailed analysis of the crops and their varieties. We can also do a sales forecast. The solution also has budget-related features. We can analyze the actual expenditure versus our budget. The financial statements have had the most significant impact on our decision-making process. We can analyze it and write comments. It's good that Board has the functions that enable us to drill down. If we have a total amount, we can drill down to the transactions and how they influenced our results.
KL
Feb 3, 2022
It has helped us speed up the turnaround time on our consolidation, and we haven't had anything come up that the program has not been able to solve
The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools. The application that we use today for our BI tools is Tableau. That's how people absorb information. We don't really use the functionality or dashboards within Planful because of the robustness of Tableau. That's our single source of data. If Planful was better or more comparable in terms of features and functionality, we could probably leverage that in Planful.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The tool seems to have a lot of ways to handle scaling."
"The dynamic selections on the screen and details by function are also valuable for inside the data view."
"The aesthetics of it are really nice. That is what attracted us to BOARD: the ease and functionality of it."
"we are able to easily export data. When directors need financial information, we can go in the system and export the data, then send it out so they have it ready and available. If they are not in the office, we can email it to them. In addition, all the managers are now more on top of their expenses and their budget."
"What is very valuable is the ability to customize. We didn't see a solution out there that really matched exactly what our functional requirements would be. So we were able to work with New Brain, our integrator, and we were able to build from the ground up what we wanted, and I think that's pretty unique to BOARD."
"The ability to create a data model and have it in testing within a week is fantastic."
"Now, we have only one version of the truth."
"I think it's flexible. I chose this solution because, even though it wasn't out-of-the-box, you can customize it, and the long-term growth potential of the software is where I see the value."
"It has helped us speed up the turnaround time on our consolidation. We don't have to do reporting in Excel anymore, which has cut down on the errors and the efficiency of our close time."
 

Cons

"What could be better is the manual... nowadays, most people use a web client, but on the Board manual website, a lot of the information is only about the Windows client. If they could update that, it would be helpful."
"Building similar models entirely from scratch could be made quicker with transfer abilities between databases and capsules."
"The product can be improved by making it possible to know where cubes are used."
"The one thing that I think we would like to see in terms of improvement of the application is the ability to print. It's fantastic to have all of these graphic visualization of data, but we're not able to very easily just print... From my perspective, if you can have a little "print" button and then you just click it and it would produce what's on the screen, that would be very helpful."
"It would be nice to have more connectors for other data sources. BOARD is a great tool to become the single source of the truth. Making it easier to connect data sources for niche software tools will make it easier to keep everything in one place."
"It's very powerful, but there is also a big learning curve. ​It should be a little more intuitive."
"I would like to see better relationships with the partners."
"Some of our users are still using an MS Office add-in for Excel for certain calculations, and when they export from Board, some of the values, some of the totals and column names, are not coming through into Excel."
"The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools."
 

Pricing and Cost Advice

"Find a partner who will take responsibility for the implementation, and be available for support."
"​In terms of the pricing, it was reasonable. BOARD is not the lowest in the market, but it was reasonable for us."
"The tool's price is a bit high compared to other solutions."
"The solution is quite expensive, if it is made cheaper then we can have more clients. I rate it four out of ten."
"It is not the cheapest product on earth, but you get so much. It provides good value for money."
"Right now, everything is on a three-year term contract, and that is our main cost."
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Top Industries

By visitors reading reviews
Computer Software Company
15%
Financial Services Firm
12%
Manufacturing Company
9%
Wholesaler/Distributor
7%
Computer Software Company
16%
Healthcare Company
11%
Manufacturing Company
10%
Financial Services Firm
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

Is Board better than Anaplan as a Business Intelligence (BI) solution?
We've had several FP&A departments include Anaplan in their analytics discussions, and while BI information IS generated, the focus is generally on compiling input from various sources and simu...
What do you like most about Board?
All the reports are prepared automatically.
What needs improvement with Board?
Sometimes, the data disappears from the product. We have had a few such cases. When I added my comments to the data, it disappeared. A technical specialist tried to restore it. It was not convenien...
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Comparisons

 

Also Known As

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Overview

 

Sample Customers

Coca-Cola, Puma, Desigual, Ricoh, KPMG, H&M, Groupe SEB
Tandem Diabetes Care, Reed Exhibitions, SkyGolf, Zep Inc., Thule, Stylesight, Schumacher Group, Parsons Electric, Nextag, Groupon
Find out what your peers are saying about Board vs. Planful and other solutions. Updated: July 2024.
793,295 professionals have used our research since 2012.