PlaceCPM Reviews & Product Details

PlaceCPM Overview

What is PlaceCPM?

PlaceCPM is the comprehensive financial forecasting solution built specifically for technology and services companies. It delivers unrivaled flexibility and transparency that small and medium-sized finance departments need to generate more models with greater business impact in less time. Built on the Salesforce Platform with low cost and resource implementation, PlaceCPM automatically connects the data silos across finance, sales and operations and visualizes financial data to improve executive reporting and real-time decision-making. It gives finance teams the flexibility and freedom to build more resilient financial models on demand that can be easily adjusted to reflect business changes on the ground. The result for finance teams and their businesses is easily accessible data with less day-to-day financial grind, more proactive business and growth planning and enhanced confidence in their preparedness for the future.

PlaceCPM Details
Website
Languages Supported
English
Product Description

PlaceCPM is a corporate performance management solution that syncs with your accounting system and utilizes your existing Salesforce configuration, workflows and data to produce accurate financial forecasts, cash projections and so much more.

How do you position yourself against your competitors?

PlaceCPM is built specifically for small and medium-sized technology and services companies. Its narrow focus specifically addresses the unique challenges of these industries, including recurring revenue, revenue and cash flow forecasts, customer churn, employee headcount and entity consolidation. Historically, SMBs in these markets have either relied on Excel-built formulas to create financial forecasts or adopted enterprise-level tools that were built for much larger companies and take months or years to implement. PlaceCPM fills that gap without the hassle of long deployment or implementation timelines.


Seller Details
Seller
Place Technology
Year Founded
2018
HQ Location
Austin, Texas
LinkedIn® Page
www.linkedin.com
34 employees on LinkedIn®
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PlaceCPM Reviews

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

PlaceCPM really allows users to marry up their Salesforce data with accounting data to users a ver unique/insightful view of how a business is performing. I also really like how it allows us to forecast employees, manage their subscriptions and see the financial impact of these. Review collected by and hosted on G2.com.

What do you dislike?

It can sometimes be a bit clunky with a lot of new objects and it can take a little while to get your head around. There needs to be work done on a knowledge base so that users can quickly reference how to fix errors and troubleshoot themselves. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We have realised the value of having a single source of truth for accounting & sales data. While we hear the buzz phrase "360 customer view" it is a lot harder to achieve than some might think. Place CPM has really helped with us getting close to a customer 360 view of all our data. Review collected by and hosted on G2.com.

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Founder and CEO
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

The ability to link Quickbooks to Salesforce to give an overarching view of projected costs and revenue is really helpful. We can review our forecasts based on the deals in our opportunity pipeline or based on quota we've assigned to our sales reps. I thought the concept was really cool as it merges historical data with projections to give a holistic view of the financial health of the company. Review collected by and hosted on G2.com.

What do you dislike?

The customer success team is very helpful in setting everything up and did a great job with our account. I thought they could have more self serve features, but I'm sure they are working on this. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Check whether they integrate with your CRM and accounting software. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We are able to slowly move away from static excel modeling to dynamic financial forecasting. Also the ability to combine Quickbooks and Salesforce data gives us good visibility into our cash flow pipeline. Review collected by and hosted on G2.com.

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Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
Business partner of the seller or seller's competitor, not included in G2 scores.
What do you like best?

PlaceCPM really helps us plan on our future. We are a professional services company, so it's ability to handle revenue and cash forecasting for project based revenue streams is incredible. We now easily forecast our cash flow basically in real time.

We also have really enjoyed working with the Place team. They go the extra mile and have focused on making sure we were leveraging the product. Review collected by and hosted on G2.com.

What do you dislike?

We have not really had any issues with the product. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Our immediate needs were related to cash projections and forecasting the income statement. They do a great job on solving these challenges, and we really like how you can drill down into specific entries from the accounting system. We also really like the integration with the Opportunity records in Salesforce. This makes it very easy to forecast revenue, but also to include deals once they are booked. Review collected by and hosted on G2.com.

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Director Of Finance And Administration
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

I'm excited to have a streamlined tool that forecasts both P&L and cash flow. This solution replaces my clunky Excel sheets and eliminates errors when trying to adjust individual expenditures. The tool even forecasts my revenue directly from our sales database. It doesn't get better than this! Review collected by and hosted on G2.com.

What do you dislike?

As with any software, there is a learning curve associated with adopting new technology. Fortunately, the system takes hardly any time at all to get used to. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Try it! You won't be disappointed. I've implemented and used several forecasting tools and none of them were able to tackle both P&L and Cash Flow. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Our revenue is being forecast in real time with current data versus using historical data. This allows us to have a more accurate forecast and be better able to plan for resource allocation. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Financials are integrated to my company's Quickbooks Online software. I can click a transaction on PlaceCPM and it will direct me to the source entry in Quickbooks. That makes it easier in making adjustments and doing financial analysis. Review collected by and hosted on G2.com.

What do you dislike?

It will take some time to learn the in and out of this platform. Also, it lacks the cashflow presentation that accountants are used to seeing. I would love to see forecasted cash generated from operations, investing and financing. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

The biggest is being able to move out of spreadsheets and avoid the inconsistencies in formulas present in that format. PlaceCPM does the heavy lifting in distributing the income, expense and related cash movements into different months based on client and vendor payment setup. Review collected by and hosted on G2.com.

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CMO
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Having a tool like Place CPM has made our financial forecasting and decision-making process a whole lot easier. Reports and dashboards can be pulled up a granular level and across entities and that's an important part of how we make quick decisions. The setup and implementation worked like a charm with timely support from the Place team. Review collected by and hosted on G2.com.

What do you dislike?

We've not hit any challenges during our usage. The Place team has always been available right from the setup phase, so we are not too worried about it. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Though we had been using multiple products including QuickBooks for different parts our accounting process, PlaceCPM has added that layer of easy financial forecasting for P&L and cash that we needed. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Great team members. Very friendly and helpful. Right from demo they ensure we are at pace with them. PlaceCPM is very flexible and adaptable. As an executive it is very crucial to understand the finances of our organization and they have made it vey easy and transparent. Review collected by and hosted on G2.com.

What do you dislike?

We are a happy customer. The product really suits our requirements. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

PlaceCPM helped us remove the messed up excels and equations, toggling from one sheet to another. We are now able to get a clear and transparent view of our finances, where we are at, where we can improve etc. Review collected by and hosted on G2.com.

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CEO
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best?

PlaceCPM was easy to get started with, no learning curve, helps me forecast revenue, costs, and cash flow. For a company like ours that is growing, its been a helpful tool for running scenarios, forecasting hires, etc. Review collected by and hosted on G2.com.

What do you dislike?

Haven't seen downsides yet but will report back as we continue. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

If you like emailing spreadsheets around, having to update them manually with your financial performance, and finding costly errors that likely impacted business decision making, then I'd be surprised - this is a nice tool to replace a lot of manual process with something simpler that delivers actionable insights. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Overall business planning, I replaced excel sheets with formulas and inevitable errors with a tool that helps me scenario plan based on my current financials. Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2 on behalf of the seller
What do you like best?

The software provides the ability to generate consolidated reports with the ability to drill down . This is critical for organizations that have work forces that are decentralized. In our case we have teams in the US, Canada and India. Having the ability to budget and obtain real time expense management over those budgets is critical to our success. Review collected by and hosted on G2.com.

What do you dislike?

I really do not have any negative to say. Once the information is loaded/synced it is very easy to use and intuitive. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

None Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

That information is available in real time Review collected by and hosted on G2.com.

What do you dislike?

The cash forecast is based on payment terms but it would be more helpful for the system to use when actual payments are received and estimate future payments based on that information. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Previously we could only see monthly results after running several excel workbooks and Place has automated this! Review collected by and hosted on G2.com.

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AC
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best?

Saves lot of time in creating different spreadsheets and makes it possible to get everything at one place. Review collected by and hosted on G2.com.

What do you dislike?

We're still working on set up and learning as we go. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

As I mentioned above, saving time to create different spreadsheets and trying to make forecast as close as actual Review collected by and hosted on G2.com.

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UI
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2 on behalf of the seller
What do you like best?

Salesforce Integration, Customer Support, Adaptable Forecasting Scenarios. Review collected by and hosted on G2.com.

What do you dislike?

N/A. The PlaceCPM team has been great so far in addressing our immediate concerns. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Yes, I recommend PlaceCPM Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We needed the ability to generate automated reports for our KPIs, and build P&L and Cash Forecasts Review collected by and hosted on G2.com.

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Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best?

P&L Forecasts and cash projections are very helpful Review collected by and hosted on G2.com.

What do you dislike?

I did not find any dislikes while using this software Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Placecpm has helped solve the financial forecasting and planning side of the business. It is very effective and easy to use. Review collected by and hosted on G2.com.

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