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Evaluation Criteria
Category
Questions
Weight
Tool #1 Rating (1-10)
Tool #1 Score
Tool #1 (Comment)
Tool #2 Rating (1-10)
Tool #2 Score
Tool #2 (Comment)
Platform
18
Is the solution easy to use?
35%
10
3.5
5
1.8
Is there out of the box financial logic?
5%
6
0.3
6
0.3
Is there an overall model size limit?
5%
6
0.3
6
0.3
Are there dimensional limitations?
5%
6
0.3
6
0.3
Can we add on a HR/Sales use case to the model?
5%
6
0.3
6
0.3
Will the solution scale with our company over time?
5%
6
0.3
6
0.3
Does the product have its own native reporting tool or does it rely on 3rd party products?
5%
6
0.3
6
0.3
Does the product require batch updates of data across cubes?
5%
4
0.2
4
0.2
Do you provide the ability to explore and audit data in a cell?
5%
4
0.2
4
0.2
Does everything link to a single underlying version of the data, or is the data replicated across databases?
5%
3
0.2
3
0.2
What is the average time to actualize each month & create a rolling forecast?
5%
4
0.2
4
0.2
What level of access & input can operators have?
10%
4
0.4
4
0.4
Ability to comment in cell/module?
5%
4
0.2
4
0.2
What comes out of box vs. what do I need to build from the ground up?
0%
0
0.0
0
0.0
How many dimensions do your largest customers have?
0%
0
0.0
0
0.0
How large are the models of your largest customers?
0%
0
0.0
0
0.0
How many active versions can I maintain at any given time for comparison analysis?
0%
0
0.0
0
0.0
Where are the downsides of the platform? Where are competitors better?
0%
0
0.0
0
0.0
100%
Sum
69
Sum
6.7
Sum
64
Sum
4.9
Sum
Implementation
5
What is the average implementation speed for a company our size with our use case?
50%
5
2.5
6
3.0
How many hrs per FTE and how many partner hrs?
30%
5
1.5
6
1.8
How seamless is your integration with ERPS (Netsuite etc.)?
10%
5
0.5
6
0.6
Does the solution provide integrated reporting with Microsoft Office / Gsheets?
5%
5
0.3
6
0.3
Does the solution integrate with HR tool? (Gusto/Workday etc)
5%
5
0.3
6
0.3
100%
Sum
25
Sum
5.0
Sum
30
Sum
6.0
Sum
Training
4
What resources are required for ongoing management and maintenance? Do I need to hire a technical team? How much training is required?
50%
7
3.5
8
4.0
What is the skill level required to utilize the solution?
25%
8
2.0
9
2.3
Does the product provide any process management to guide end users through a budgeting or forecasting process?
15%
4
0.6
5
0.8
Will you give us a hands-on workshop?
10%
2
0.2
3
0.3
100%
Sum
21
Sum
6.3
Sum
25
Sum
7.3
Sum
Cost
3
How is the pricing structured?
40%
5
2.0
2
0.8
Are there storage or data costs associated with use of the product?
40%
6
2.4
3
1.2
What’s the average subscription cost across your customers?
20%
7
1.4
5
1.0
100%
Sum
18
Sum
5.8
Sum
10
Sum
3.0
Sum
Other
4
How many software customers? (SaaS)
25%
5
1.3
5
1.3
How many ERP (Netsuite) customers?
25%
6
1.5
6
1.5
What’s your market focus? How many customers in each market segment? How many customers our size?
25%
7
1.8
9
2.3
How many similar customers churn? Why?
25%
1
0.3
2
0.5
100%
Sum
19
Sum
4.8
Sum
22
Sum
5.5
Sum
500%
Sum
152
Sum
28.5
Sum
151
Sum
26.7
Sum
Financial Planning Software
Item
Note
Stage/Complexity
Link
Modified on
1
Trace
Integrated with purchasing & HC planning + powerful budget vs. actual
SMB
12/7/2022, 5:40 AM
2
Cube
GSheets + Analplan like detail. Very flexible
SMB
12/7/2022, 5:40 AM
3
Adaptive
Popular for growing companies, but limited flexibility & visualization is poor
Mid-Market
12/7/2022, 5:40 AM
4
Anaplan
Flexible, but requires a lot of configuration
Enterprise
12/7/2022, 5:40 AM
5
Google Sheets
Flexible - but requires detailed build
SMB
12/7/2022, 5:40 AM
6
Excel
Flexible - but requires detailed build
SMB
12/7/2022, 5:40 AM
9
Jedox
Enterprise tool, requires configuration and maintenance
Enterprise
12/7/2022, 5:40 AM
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