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FP&A Software OnPlan Reportedly Shutting Down After 7 Years of Business

OnPlan, an FP&A and forecasting softare, reportedly notified customers that they are discontinuing support for their clients, sources from the company have confirmed.


The Florida based FP&A software solution, which has raised $6.8 million according to Crunchbase, has run out of money and will continue operations going as long as possible, the source said.


OnPlan was founded in 2016 by David Greenbaum and reached $1.5 million in revenue in 2023.


OnPlan is unique in that it’s a “financial forecasting platform built on Google Sheets,” their website says. While other FP&A software such as Datarails and Vena are Excel native, OnPlan is Google Sheets native.


OnPlan was built for companies between $0-20 million in revenue, CEO David Greenbaum explained in an interview in June, 2022. “Most companies have to get to around $20 million in revenue before they can access a tool other than Excel for their forecasting and projections,” Greenbaum said. “But there’s a lot of pain that people experience between $0 – $20 million. I wanted to build a tool that could fill that gap.”


Many of its customers will now be looking for a new financial planning solution that will cover their automation, budgeting, and reporting needs.


Here is a list of 3 software solutions that are similar to OnPlan which former customers can switch to easily:


Clockwork







Clockwork is a great FP&A starter option for small and medium sized businesses. It is a cheaper ($299-799 per month) option than others on the list, and therefore slightly less robust, but it is great for small businesses. In addition their website claims that “Clockwork is the only purpose-built tool focused on QuickBooks Online and Xero companies.”



Datarails





Datarails is a native Excel FP&A solution that specifically caters to small and medium sized businesses. Its complete budgeting and forecasting solution along with its new AI chatbot and automated visual features helps save finance teams lots of time every month. Datarails’ implementation time is also one of the shortest on the market (2 weeks) making it an easy transition from other tools.




Prophix





Prophix is a CPM (corporate performance management) software that is meant for midsize or larger businesses. Prophix focuses on deep financial insights (in addition to the standard budgeting and forecasting solutions). Due to the size of some of their customers, Prophix also emphasizes data protection and compliance standards.




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4 Comments


Senthil Premraj
Senthil Premraj
Nov 21, 2023

Sending positive wishes to David Greenbaum and team. I know they worked hard on it. I am the founder of PivotXL - pivotxl.


www.pivotxl.


Our FP&A software has a native Excel Add-in and has many features for budgeting, forecasting. As a mid tier company, we can offer pricing that is comparable to Onplan and significantly lower than others.


Please reach out to us if we can help in any way.

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Inder Seth
Inder Seth
Nov 14, 2023

Truly sorry to hear this! Sending positive wishes to their team and customers for the best possible outcome.

As a co-founder of Limelight Software, we've invested over 20 years of experience into our Cloud FP&A platform – Limelight Software. Specifically crafted for FP&A growth and tailored for finance teams, Limelight is user-friendly, equipped with automation, and embedded with intelligence to drive business growth and productivity. Here's our website to learn more about our platform, integrations, and customer success stories: www.golimelight.com


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Damien Zwillinger
Damien Zwillinger
Nov 08, 2023

With the prevalence of Microsoft 365 and Excel 365 in the business world, it would have been very tough for OnPlan. It is nonetheless very sad and would be frustrating for their customers.


Another good FP&A option that is 100% Excel-based and is in fact the only modern Excel add-in on the market (i.e. supports both Excel Desktop on Windows, on Mac and also Excel 365 Online) is: Velixo (www.velixo.com)


If your datasource is Sage Intacct, Acumatica, MYOB Advanced or Cegid XRP Flex, you should definitely consider it.


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Andrew Gauthier
Andrew Gauthier
Oct 31, 2023

This is sad to see and I'm wishing the best to everyone impacted. I'm a big advocate for modeling with google sheets. There are so many benefits. Kick the can on FP&A software until its necessary. If you're an early stage startup, allocate your capital to GTM and Product Development. If folks want to stay on Google Sheets, please check out www.MightyStartup.com. Our team can help you maintain your sheets based model.

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