Question: I'm looking for a cloud-based platform that can help my organization with financial planning, budgeting, and forecasting.

If you're looking for a cloud-based platform to help with financial planning, budgeting, and forecasting, Workday Adaptive Planning could be an excellent choice. This Enterprise Performance Management (EPM) platform uses advanced AI and machine learning to support comprehensive business planning. It includes features for financial planning, workforce planning, operational planning, and close and consolidation. The platform offers deep insights through built-in analytics and machine learning, ease of use with an intuitive interface, and fast deployment.

Another robust option is Workday, which offers a comprehensive Enterprise Management Cloud that unifies finance and HR functions. It includes Workday Adaptive Planning for collaborative and continuous planning, and embedded Artificial Intelligence for better performance and decision-making. The system helps companies respond to change, make decisions based on a single source of financial, people, and operational data, and run operations more efficiently with AI and natural language processing.

Vena is also a strong contender, especially if you’re familiar with Microsoft 365. This financial planning and analysis software integrates seamlessly with Microsoft Excel, offering AI and flexible data modeling to enhance planning. It supports a wide range of financial planning activities including budgeting, forecasting, cash flow planning, and financial consolidation. Vena’s flexibility and scalability make it a good fit for organizations needing to bring their existing financial models into a structured and secure database environment.

For those who prefer an Excel-based solution, Datarails provides a financial planning and analysis software that automates data consolidation, financial reporting, and budgeting. It integrates with popular accounting software, ERPs, and CRMs, offering features such as data consolidation, financial reporting, budgeting, and AI-powered insights. This platform is trusted by finance teams across various industries, helping to save time and improve efficiency in financial planning and analysis.