User Reviews Overview
About Farseer
Farseer is a cloud-based software helping companies to eliminate manual work, improve accuracy and security, and gain new insights in the domain of financial planning and analytics. It is like an Excel specialized for finances,...
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- Industry: Information Technology & Services
- Company size: 51–200 Employees
- Used Daily for 6-12 months
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Review Source
Farseer: the data crunching machine
We started using Farseer recently, and it’s been a real eye-opener. The software’s analytical power is simply incredible. We can do so much more with our data now, and it’s all thanks to Farseer. Sure, it’s different than using Excel, but it’s a great tool that we’re happy to have in our arsenal.
Pros
The analytical power of Farseer is just amazing. We can do complex calculations in a fraction of the time it would have taken with Excel. The software’s ability to handle large datasets is also a big plus. We can crunch numbers in ways we never could before, and it’s making a real difference in our financial planning.
Cons
Farseer is different than Excel, so there was a bit of a learning curve at first. It took us some time to get used to the new interface, some extra materials would be nice.
- Industry: Luxury Goods & Jewelry
- Company size: 51–200 Employees
- Used Weekly for 1+ year
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Review Source
Easy to use customizable solution for S&OP forecast & demand planning
Great experience mostly due to the great Farseer team of people always friendly and ready to jump in and help improve our ways of working. They worked so hard to learn how we work and show us how to do it much more simpler with their tool. Long hours of excel calculations and formula writing are now minutes in Farseer, even when management decides to change the whole process upside down. Farseer developers make it easy to calculate everything you need. Best way it has great dashboard module for tracking your forecast accuracy and sales trends in simple and easy-to-create dashboards and visualizations. I would recommend to all medium-sized companies to try this tool.
Pros
Online platform replacing excel in planning and budgeting daily, monthly, or quarterly operations. This tool helped in making the forecast process much smoother and uncomplicated. It generates forecasts using multiple algorithms and it learns based on historical data how to spread your numbers across multiple organizations, channels, or product variations. It is versatile, in a way that combines generating forecasts top-down or bottom-up, while showing results both in quantities of products or in revenue numbers. Collaborative, could be used by all departments - factory, supply, marketing & sales.
Cons
When using it at first it could look crazy and unlogic, but with time and great effort by Farseer developers, it gets better and better and is so easy to work with.
Response from Farseer
Thank you!
- Industry: Computer Software
- Company size: 11–50 Employees
- Used Weekly for 1-5 months
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Review Source
Very useful software
Pros
Once it's all set up, it's simple to use and gathers all the important financial information.
Cons
Everything is fine. All the features are useful.
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- Industry: Computer Software
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Tool that replaced Excel for us
Pros
I reviewed so many tools before we selected Farseer and Farseer is absolutely the best. It is very user-friendly, it is fast and it is very helpful when planning. It fully replaced excel in our FP&A function including company-wide reporting. The tool can also integrate well with other tools we are using as well as with accounting software directly. Also, the support is very good and we can get things resolved very timely by their customer support representative.
Cons
Nothing really comes to my mind as something I'd like least.
Response from Farseer
Thank you for the kind words, Martin, we're glad Farseer was such a success for your company.
- Industry: Oil & Energy
- Company size: 201–500 Employees
- Used Daily for 6-12 months
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Review Source
Farseer - The most intuitive and flexible planning software
We replaced Excel completely and we do all our financial planning and reporting in Farseer. Additionally, we implemented balance sheet and cash flow planning in Farseer. Our planning process is faster and more accurate now, and we are covering all three financial reports now, which would be very difficult to achieve in Excel.
Pros
Modelling in Farseer is extremely easy and allows great freedom for the modeller. We have managed to implement very complex scenarios with multiple drivers, very fast. Using those drivers on the dashboard to see how the change impacts the financial KPIs is a phenomenal feature. It works blazingly fast.
Cons
I would love to see some more advanced features in the analytics part, like questions and answers. We saw some beta versions for Q&A and we can’t wait for that feature to go into production. Also, waterfall graphs would be a nice add-on. Slicers for date that effect the whole dashboard would also be useful.
Response from Farseer
Thank you Bruno. We're constantly working on adding new features that will increase Farseer flexibility even more! Stay tuned! :)
- Industry: Logistics & Supply Chain
- Company size: 51–200 Employees
- Used Weekly for 6-12 months
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Review Source
Very good tool, fully recomended
Overall experience with Farseer is excellent because following reasons:
1. Great Farseer team of people who are always on disposal for any issue, advice and consulting when it is needed. They are willing to accept suggestion for changing some feature or create a new per need. For sure, they are "think outside of the box" crew.
2. Farseer tool is adjustable and every feature can be customized or upgraded
3. Possibility to include several different business units (sales, marketing, supply chain etc.) in one integrated process.
Pros
Farseer is solid forecasting tool which is using several statistical methods for providing estimated quantity or revenue. It is easy to use it and it is not a problem to implement it in standard processes for calculation, control, overview etc.. In addition to the forecasting feature, it provides very good feature for creating dashboards which can provide excellent visualization of needed data.
Cons
When forecast need to be changed manually, this can be time consuming but this is not depending just on Farseer tool, it depends on the structure of forecast process which will be created in Farseer. For sure, they are "thinking outside the box" people.
Response from Farseer
Thank you for the kind words, Ivan!
- Industry: Consumer Goods
- Company size: 11–50 Employees
- Used Weekly for 1+ year
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Review Source
Great planning solution
Pros
We used to rely solely on Excel, but Farseer has allowed us to achieve greater efficiency in our financial planning process by making it easy for our global teams to work together seamlessly. The feature I like the most is how easy it is to add new data to the model. And the best part is that everything is automatically updated for everyone as soon as you change it, which saves a ton of time and hassle. Also, the team at Farseer is constantly updating and improving the softwar, adding new features and improving existing ones based on user feedback.
Cons
The Dashboard could be upgraded with some more chart types like waterfall chart, to help visualize and analyze financial data more effectively. Also, the Help center is great, but I would like to see more video tutorials on best practices.
- Industry: Consumer Goods
- Company size: 501–1,000 Employees
- Used Daily for 6-12 months
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Review Source
Flexible and modern tool for every organization
Farseer is a great choice for the teams looking to modernize and optimize their planning process.
Pros
What I liked the most is that Farseer is highly customizable, allowing users to tailor it to their specific needs and requirements. Also, the customer success team suggested some improvements in our planning process based on their experience working with other customers.
Cons
Making some filtered views was a bit easier in Excel.
Response from Farseer
Thank you for the kind words. We will continue working on improving the UX for all our users.
- Industry: Computer Software
- Company size: 2–10 Employees
- Used Weekly for 1-5 months
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Review Source
Great product and great support
They are a great team and they have a great product. If they keep this up, they can only move even more forward and become even better.
Pros
I love that the software covers the needs I have perfectly. I love the fact that the Farseer team asked me about my issues and then worked with me on setting up my finance flows and everything. I love the fact that they were flexible to work with me on my needs and find ways for me to implement things that helped my particular cases.
Cons
The software is a tricky to use at first, but this is why I would like to put additional emphasis on customer support which is extraordinary and helps you fall in love with the product.
Response from Farseer
Thank you for your kind words. We will do our best to improve Farseer UX even more.
- Industry: Logistics & Supply Chain
- Company size: 51–200 Employees
- Used Monthly for 6-12 months
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Review Source
Makes it easy to recommend
We replaced Excel budgeting process and we are now faster, more acurate and with the possibility to dedicate our time to optimize the process result.
Pros
The initial approach was dedicated and thorough. The implementation covered all our specifics and left nothing unanswered. The software is intuitive with all key features tuned exactly to the task. The integration with the ERP was quick. All promises from the beginning of the project were fulfilled.
Cons
Some additional report formatting possibilities for printing use would be a good addition to the very good dashboard feature.
Response from Farseer
Thank you, Milan. We are already working on new formatting features. Stay tuned.
- Industry: Apparel & Fashion
- Company size: 2–10 Employees
- Used Daily for 1-5 months
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Review Source
Five stars
I am satisfied.
Pros
It is simple, functional, and overall it is easy to use.
Cons
It doesn't have an option to print any document.
Response from Farseer
Thank you for an amazing review Dinka! Also, we are adding a print feature in the next update.
