Unit4 FP&A

Prevero was founded in 1994 to deliver corporate performance management (CPM) capabilities for planning, budgeting, forecasting, analytics and reporting. Acquired by enterprise resource planning (ERP) provider Unit4 in July 2016, Prevero has now been fully integrated into Unit4’s ERP application ecosystem to provide its financial planning & analysis (FP&A) solutions (now called Unit4 FP&A). While Unit4 FP&A historically attracted a strong customer base in the DACH and EMEA region, its appeal has subsequently broadened to mid-market and enterprise-level customers in North America too.

Unit4 FP&A solutions focus on people-centric industries, namely professional services, the public sector, not-for-profit organizations and higher education, but they also have a strong customer base in the utilities, manufacturing and retail industries. These sectors are supported with predefined business applications for financial planning, statutory consolidation, workforce planning and people analytics, as well as IFRS 16. Unit4 FP&A solutions are available as both standalone applications and integrated into Unit4’s People Experience Suite. They deliver performance management technology with native integration with Unit4’s enterprise solutions.

Built on a highly flexible platform, Unit4 FP&A applications are adaptable to various CPM and analytics use cases. The solutions give business users the platform and tools they need to configure their planning and reporting to meet individual requirements, without having to have a technical background. For data storage and navigation, Unit4 FP&A uses a ROLAP approach and offers typical OLAP navigation capabilities in its clients.

Unit4 FP&A provides comprehensive capabilities for supporting top-down, bottom-up and mixed planning processes. Planners can enter budget data in the full client, HTML5 web client or Excel add-in. Unit4 FP&A also offers predefined best practice models that can be reused and adjusted to the customer’s requirements. The platform uses artificial intelligence to help build forecasts and detect deviations and anomalies in data entries. Functionality is also available for reporting and application creation with a spreadsheet format that closely resembles Excel in the full client.

For consolidation purposes, Unit4 FP&A offers an application developed in-house. This application includes legal consolidation covering several consolidation standards and also offers reporting capabilities and predefined disclosure statements.

User & Use Cases

Besides planning, customers mainly use Unit4 FP&A today for standard/enterprise reporting (82 percent), basic data analysis (57 percent), ad hoc query and reporting (56 percent) and dashboards/scorecards (55 percent). 56 percent of respondents plan to use it for advanced analysis in the future. Unit4 FP&A targets mid-sized and large companies across all industries. 73 percent of our sample of Unit4 FP&A customers come from mid-sized companies (100-2,500 employees) with a median of 50 users (including 30 using planning functionality), but the mean of 124 users (81 for planning) indicates there are also several larger implementations. 69 percent of Unit4 FP&A users are planning users – slightly above the survey average of 65 percent – reflecting the fact that Unit4 FP&A is essentially an integrated tool with both strong planning and analytics functionality.

Current vs. planned use (besides planning)

N=29

Percentage of employees using Unit4 FP&A

N=33

Planning users (as a percentage of all users)

N=33

Total number of users per company

N=33

Planning users per company

N=33

Company size (number of employees)

N=33

Summary of Unit4 FP&A highlights

With two top ranks and 19 leading positions across four different peer groups, Unit4 FP&A once again achieves a great set of results in this year’s Planning Survey. Convincing ratings in numerous important KPIs help to consolidate its position as a market leading planning and analytics vendor that delivers considerable benefits to its customers. Companies can benefit from using Unit4 FP&A in terms of increased transparency of planning, more precise/detailed planning and reduced resource requirements for planning. Overall, these benefits lead for many customers to a better quality of planning results. 42 percent of Unit4 FP&A users say they would definitely recommend their planning product to other organizations. This result is a great indicator of customer satisfaction with the vendor and its product. Unit4 FP&A offers a comprehensive, flexible platform focused on planning, reporting, dashboarding, analysis and consolidation, which customers appear to be satisfied with.

Self-service – Top-ranked

Peer Group: Financial Performance Management Products

Flexibility – Top-ranked

Peer Group: Financial Performance Management Products

Business benefits – Leader

Peer Group: Solutions-focused Planning Products

Planning functionality – Leader

Peer Group: Financial Performance Management Products

Unit4 FP&A vs. Excel

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Planning Survey 20 Awards

Unit4 FP&A

Peer Groups BI-focused products, European vendors, Financial performance management products, Solution-focused planning products
VendorUnit4
Number of responses33
ProductUnit4 FP&A
OfficesOffices worldwide in the Netherlands (HQ), Germany, Austria, Switzerland and across Europe, North America, the Asia-Pacific region and Africa
Employees200-250 (Unit4 employees focused on Unit4 FP&A)
Customers650-700
Revenues (2019)Undisclosed
Websitewww.unit4.com

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Quotes from the Planning Survey 20

The love for Prevero [Unit4 FP&A] increases the longer we use it.
Person responsible/Project manager for departmental BI, education, 100-2,500 employees
We have implemented a very complex tool for sales/personnel cost management in our cooperative with Prevero [Unit4 FP&A] (high external influence, many surrounding systems). We would not have been able to do this with another partner and certainly not in this time span. We developed the tool together and the support was (and still is) excellent. We are currently working on a second tool with Prevero [Unit4 FP&A].
Person responsible/Project manager for departmental BI, retail/wholesale/trade, more than 2,500 employees
Very good cooperation, high professional competence, strong support in the development of new functions.
Head of business department, oil, gas and mining, less than 100 employees
We operate in a fast-moving environment and Unit4 Prevero [Unit4 FP&A] gives us the flexibility to adapt our planning and forecasting in line with changes in our business…quickly.
Person responsible/Project manager for departmental BI, financial services, 100-2,500 employees
Customized reporting and planning solution with great support.
Line of business employee, retail/wholesale/trade, 100-2,500 employees