Valsight was founded in 2015 as a spin-off of the Hasso Plattner Institute and is now headquartered in Berlin with 15 employees. As a German SaaS company, Valsight enables enterprises to maximize their financial performance. The solution creates valuable insights based on data, supporting better and faster management decisions. Valsight provides companies with functionality to flexibly simulate financial plans, forecasts, or any scenario on the fly. The product does not require programming skills to be set up, integrates in existing infrastructures and can be implemented in a short timeframe. Global leaders such as Siemens, AIDA Cruises (part of Carnival Cruises) and Volkswagen rely on Valsight.
Valsight is a web-based solution that can be used with all major browsers (HTML5). The tool can be deployed either in a public cloud environment (AWS, Microsoft Azure, SAP HANA Enterprise Cloud) or on-premises in a company’s own data center. Data storage is relational in Microsoft SQL Server, SAP HANA, Oracle or PostgreSQL with a multidimensional presentation of data for the user. Valsight provides its own functionality for data integration. Basic data for planning or forecasting is loaded via interfaces from ERP, BI systems, databases and Microsoft Excel. A combination of different data sources is possible. The core of the product is a self-developed in-memory engine, which allows for fast calculations of financial scenarios based on multidimensional data and interactive analyses of simulation results.
Valsight supports value-driver-based planning and forecasting as well as simulations and the interactive analysis of results. Driver models describe the essential business contexts of a business model and are the basis for flexible, transparent simulations of effects. The creation of driver models can be done by business users in a graphical drag-and-drop user interface, which requires no knowledge of scripting. To model more complex cause-and-effect relationships, an integrated formula language is also available. Users can create different “what-if” scenarios. With the scenario manager, users can directly enter new insights either derived from a company’s business environment or regarding the development of certain drivers and then immediately include them in the respective scenario. With the possibility of quickly and flexibly creating new scenarios, a larger spectrum of values can be calculated and analyzed for each KPI. Planning and simulation results can be analyzed ad hoc and interactively via multiple diagrams, dashboards and an integrated presentation mode. Integrated collaboration features and commenting capabilities support data-related discussions of results.
User & Use Cases
Besides planning, customers mainly use Valsight for basic data analysis (34 percent) and ad hoc query and reporting (25 percent). 62 percent of respondents plan to use it for advanced analysis, 56 percent for standard/enterprise reporting and 50 percent for dashboards/scorecards in the future. Valsight targets mid-sized companies and large corporations across all industries. 64 percent of our sample of Valsight customers come from large companies (more than 2,500 employees) with a median of 10 users (with 10 of them using planning functionality), but the mean of 21 users (20 for planning) indicates there are also some slightly larger implementations. 91 percent of Valsight users are planning users – well above the survey average of 63 percent – reflecting the fact that Valsight is essentially a planning and simulation tool rather than a BI tool.
Current vs. planned use (besides planning)
N=27
Percentage of employees using Valsight
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 Valsight highlights
With 17 top ranks and 20 leading ranks in two different peer groups, Valsight 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 small but effective planning and simulation vendor in the DACH region. Companies can benefit from using Valsight software in terms of increased transparency of planning, increased planning frequency and improved integration of strategic and operational planning. An overwhelming 97 percent of respondents are ‘somewhat satisfied’ or ‘very satisfied’ with Valsight’s software, a major reason behind its perfect recommendation rate of 100 percent. Valsight offers a comprehensive planning, forecasting and simulation tool which customers appear to be very satisfied with.
Driver-based planning – Top-ranked
Peer Group: European Vendors
Forecasting – Top-ranked
Peer Group: European Vendors
Project success – Top-ranked
Peer Group: Flexible Planning Platforms
Simulation – Top-ranked
Peer Group: European Vendors
Vendor support – Top-ranked
Peer Group: Flexible Planning Platforms
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