Question

Which FP&A tool do you use?

Specifically, we would love to know if there is a tool out there that can automatically do cohort analysis/compute retention rates for existing customers, roll forward existing subscription contracts into the future based on the retention rates and then layer in new customer growth. All of this would feed in automatically into financial plans for the upcoming year or two.

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#Adaptive Insights #Tableau #Accounting #Business Intelligence #Workday #Anaplan
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jamoses92's avatar
almost 3 years ago
A Few FP&A Options

Hello - There's an array of tools available for FP&A from companies such as Anaplan, Adaptive Insights (Workday), Hyperion (Oracle), Xactly, and others. Conversely, here's a thread about financial tools for startups:

https://capiche.com/q/for-early-stage-startup-what-financial-tools-to-use

Personally, I'd never purchase any Oracle software. Anaplan and Workday are likely more expensive than Xactly's offering, but all three are respected market leaders.

https://www.anaplan.com/solutions/financial-planning-analysis
https://www.xactlycorp.com
https://www.adaptiveinsights.com
https://www.oracle.com/applications/performance-management/products/business-planning/hyperion-planning

Hope this helps!

6 points
srinath_sridhar's avatar
@srinath_sridhar (replying to @jamoses92 )
almost 3 years ago

Unfortunately all these tools require the user to build the model themselves. What I'd like is a tool where I can just input & maintain the list of customers, monthly subscription fees, monthly budgets/spend on growth advertising. The tool automatically computes features -> retention, features/budget -> new subscriptions and then rolls forward the financials for the future if you input the future ad budgets.

Contrast that with what Anaplan, Adaptive etc does which is a spreadsheet where you need to go build your own growth models, your own retention models or cohort analysis, then project the future financials.

3 points
dantelex's avatar
@dantelex (replying to @srinath_sridhar )
almost 3 years ago

Interesting, thought about this for sometime didn't think there wasn't a solution out there yet but hesitant to build one

5 points
jamoses92's avatar
@jamoses92 (replying to @srinath_sridhar )
almost 3 years ago

I unfortunately don’t know of any OTS options. Most companies make do with these, CRMs, and accounting tools. Perhaps you’ve identified a new startup opportunity.

  • My assumption as to why these platforms may not exist is that most companies interested in detailed FP&A are usually of notable size and generate significant cash flow such that they can hire teams to manage all the variables you’ve mentioned. Could be completely wrong though.
4 points
TChurchie's avatar
@TChurchie (replying to @srinath_sridhar )
2 years ago

@jamoses92 check out https://www.cubesoftware.com/

flexible and easy to use, allows for collaboration across finance and budget holders, and automates the painful manual stuff

1 point
danielkang_'s avatar
@danielkang_ (replying to @TChurchie )
2 years ago

Do you know anyone using Cube you could refer me to?

2 points
TChurchie's avatar
@TChurchie (replying to @danielkang_ )
2 years ago

Sure do - best email to connect you?

1 point
danielkang_'s avatar
@danielkang_ (replying to @TChurchie )
2 years ago

dkang@vectra.ai - appreciate it!

1 point
womazin's avatar
@womazin (replying to @danielkang_ )
a year ago

@danielkang_did you end up going with Cube? how do you like it?

1 point
M_Elbeleidy's avatar
@M_Elbeleidy (replying to @danielkang_ )
a year ago

@danielkang I am interested to hear your thoughts on Cube as well as I am currently considering it.

1 point
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