Other financial planning and analysis (FP&A) solutions take weeks, if not months, to implement. Plus, they require the support of external consultants during the onboarding process. PlanDelta, however, gives finance managers access to actionable insights on their financials in just one day.
The speedy deployment and easy-to-use system that PlanDelta offers is crucial for finance teams in today’s economic climate. Many managers are struggling to find the time or budget to start the months-long implementation process of the FP&A tools they need to weather the storm.
How it works
This is where PlanDelta comes in. It offers finance managers two modules to ease the pain of enterprise solutions and clunky spreadsheets:
- Management Accounting: Empowers finance teams to seamlessly consolidate their financial and payroll data from a random accounting or ERP system. It, then, maps it into a format for management reporting purposes and activates it through a Business Intelligence “cockpit”
- Financial Planning: Enables finance teams to start building plans and budgets that are consistent with the management structure created in the tool.
How the funding will be used
“With such strong support from top investors like RTP Global, we have a fighting chance to leave a dent in a multi-billion dollar market of financial planning and analyses,” commented Martin Milanov, CEO of PlanDelta.
“There is a huge opportunity to combine the accessibility and flexibility of Excel with the agility and the modern look of business and project planning tools. People want an accessible platform for expanded planning that breaks the silos between strategic and financial plans. And we are the company to provide that.
“The road to success sees us becoming one of the fastest growing scale-ups in Central and Eastern Europe in the next two years. To achieve this, we are already hiring across multiple functions in our team.”
Alex Pavlov, European partner at RTP added, “Martin and his team are bridging the gap between strategic planning and flexible financial budgeting. Many finance teams still rely on spreadsheets for their planning. This means there is a huge demand in the market for a more flexible alternative.
“We are excited to apply our knowledge of the fintech space, as we partner with PlanDelta. We can support them as they expand across Europe and help more fast-growing companies streamline their financial planning.”
