Planful slashes close times by 40 percent

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Nucleus interviewed multiple organizations leveraging corporate performance management (CPM) software provider Planful and found that organizations can unify data management, increase operational efficiency, and enhance visibility. Quantitative benefits include a reduced time to compile earnings binders from 200 hours to 20 minutes, a 40 percent acceleration in the month-end accounting close from 15 business days to nine, and a reduced time required to transfer data from the general ledger (GL) to workforce planning from three hours to 30 minutes. Through its ability to drive these benefits, Planful is positioned as a strong CPM software vendor for medium-sized to tier-one enterprises aiming to streamline their financial and operational planning processes, unify financial data, and enhance cross-departmental visibility.

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