Anaplan vs EnterpriseIQ

Anaplan

Sales performance management, various finance scenarios - Anaplan is good for automating calculations. It is less appropriate for very complex business cases.

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Szilvia Havasreti

PPS EMEA CEP Sales Coverage Program Manager

HPInformation Technology and Services, 10,001+ employees

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EnterpriseIQ

EnterpriseIQ is very well suited to a company in the plastics industry as the core software would not need to be modified.

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Verified User

C-Level Executive in Finance and Accounting

Plastics Company, 201-500 employees

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Feature Rating Comparison

Anaplan

7.5

EnterpriseIQ

—

Long-term financial planning

7.4

—

Financial budgeting

8.1

—

Forecasting

7.7

—

Scenario modeling

6.5

—

Management reporting

7.7

—

Anaplan

6.5

EnterpriseIQ

—

Financial data consolidation

7.7

—

Journal entries and reports

6.5

—

Multi-currency management

6.2

—

Intercompany Eliminations

5.9

—

Minority Ownership

6.0

—

Local and consolidated reporting

7.2

—

Detailed Audit Trails

6.0

—

Anaplan

7.6

EnterpriseIQ

—

Financial Statement Reporting

7.0

—

Management Reporting

8.3

—

Excel-based Reporting

6.9

—

Automated board and financial reporting

8.3

—

Anaplan

6.7

EnterpriseIQ

—

Personalized dashboards

5.4

—

Color-coded scorecards

6.0

—

KPIs

7.0

—

Cost and profitability analysis

7.0

—

Key Performance Indicator setting

7.5

—

Benchmarking with external data

7.1

—

Anaplan

8.3

EnterpriseIQ

—

Flat file integration

8.4

—

Excel data integration

8.3

—

Direct links to 3rd-party data sources

8.3

—

Anaplan

—

EnterpriseIQ

10.0

Pay calculation

—

10.0

Benefit plan administration

—

10.0

Direct deposit files

—

10.0

Salary revision and increment management

—

10.0

Reimbursement management

—

10.0

Anaplan

—

EnterpriseIQ

7.0

API for custom integration

—

7.0

Anaplan

—

EnterpriseIQ

8.3

Single sign-on capability

—

8.4

Role-based user permissions

—

8.2

Anaplan

—

EnterpriseIQ

7.4

Dashboards

—

7.5

Standard reports

—

6.5

Custom reports

—

8.2

Anaplan

—

EnterpriseIQ

8.1

Accounts payable

—

8.2

Accounts receivable

—

8.2

Anaplan

—

EnterpriseIQ

8.9

Inventory tracking

—

10.0

Automatic reordering

—

8.7

Location management

—

9.0

Manufacturing module

—

8.0

Anaplan

—

EnterpriseIQ

7.9

Pricing

—

8.0

Order entry

—

8.4

Credit card processing

—

8.0

Cost of goods sold

—

7.2

Pros

Modeling is next level in Anaplan. With a background deep in Excel modeling and the frustrations that come along with it, Anaplan is a breath of fresh air and is actually fun to build and model in.
Dashboarding and synchronization. The synchronization feature in Anaplan is one of the greatest things ever. As its core Anaplan models are built around hierarchical lists and dimensions and using similar dimensions in dashboards allows you to synchronize to different views of the same data with simple clicks around a dashboard. It makes reporting and BI extremely user friendly and flexible.
Its fast. If you had the same exact model in Excel and Anaplan. That model in Excel would be like riding and old bike with under-inflated tires, while Anaplan would be like driving a Tesla in Ludicrous mode. The ability to have your entire business modeled on a single platform, potentially across multiple models, where when you make a change the entire model updates within seconds, is invaluable in making decisions.

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Chris Friederich

Director, Financial Planning & Analysis

Cherwell SoftwareComputer Software, 201-500 employees

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It provides functionality to users in different departments.
It provides flexibility in the creation of reports to meet the needs of the business.
The software is designed well for a company in the plastics industry.

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Verified User

C-Level Executive in Finance and Accounting

Plastics Company, 201-500 employees

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Cons

Error handling can be annoying. A single formula error can lock up your model for 2-5 minutes while it reverts back to before you pressed enter, and while its improved a little in the year I've been using Anaplan, there are certain situations where I feel like it could be eliminated or made more efficient.
Time subsets would be really nice.

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Chris Friederich

Director, Financial Planning & Analysis

Cherwell SoftwareComputer Software, 201-500 employees

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The only part of the software in our version I see lacking is the auxiliary equipment tab in the BOM. It really needs to be linked to inventory somehow so that it is its own class and can be scanned to and from the locations it resides in rather than just being tied to the bill of materials.
The only weakness is the users not fully utilizing the full functionality of the software in the grasp.

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Bev Rosebrough

BOM/Inv Control/IT

Ferguson Production, Inc.Plastics, 51-200 employees

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Likelihood to Renew

Anaplan8.2

Based on 3 answers

We rely on it heavily. The only way we wouldn't renew is if the price got significantly higher.

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Maggie Palumbo

Director of Sales Operations

Careerbuilder.comInternet, 1001-5000 employees

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EnterpriseIQ8.0

Based on 1 answer

Given how invested we are it would be hard not to renew as don't want to go through another implementation.

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Verified User

C-Level Executive in Finance and Accounting

Plastics Company, 201-500 employees

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Usability

Anaplan8.2

Based on 2 answers

There is a dependency in this rating - in that I find Anaplan extremely easy to use, but I've spent the necessary time developing a strong understanding of the platform. Once you understand how to use it, the platform is flexible, easy to use, and fun to use.

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Chris Friederich

Director, Financial Planning & Analysis

Cherwell SoftwareComputer Software, 201-500 employees

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EnterpriseIQ7.0

Based on 1 answer

Overall much easier to use than our previous system.

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Verified User

C-Level Executive in Finance and Accounting

Plastics Company, 201-500 employees

View all 1 answers on this topic

Reliability and Availability

Anaplan10.0

Based on 1 answer

In nearly 3 years, I have only had 1 issue of being unable to access my model for an unplanned maintenance. Even planned maintenance windows are handled during low traffic hours on the weekend.

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Joe Bradbury

Manager, Financial Systems

Research NowMarket Research, 1001-5000 employees

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No score

No answers yet

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Performance

Anaplan9.0

Based on 1 answer

Everything is calculated in memory in the cloud. It's nearly instantaneous updates when you make changes. The only time things get a little slow is when you have a massive model with very intricate calculations...but "slow" for Anaplan is not what I would call "slow" for something like Hyperion. We used to have Hyperion calcs that ran for 60 mins before you could use data. The equivalent would be 60 seconds in Anaplan.

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Joe Bradbury

Manager, Financial Systems

Research NowMarket Research, 1001-5000 employees

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No score

No answers yet

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Support

Anaplan8.1

Based on 2 answers

I feel like the support team is a little lacking in product knowledge. Several times I have contacted them to get help, and ended up finding a solution to my own problem before the team could get back to me with anything useful. I have also submitted a few bugs, and never got updates to when they were fixed in later releases.

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Joe Bradbury

Manager, Financial Systems

Research NowMarket Research, 1001-5000 employees

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EnterpriseIQ2.0

Based on 1 answer

Very poor, try to call company support as a last resort as I know how much time it will take out of my day without getting a solution. It seems like the help desk does not have appropriate experience using the software. It would be nice of there was a separate support line to call for more experienced users of the software so we don't get someone just reading from the help file.

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Verified User

C-Level Executive in Finance and Accounting

Plastics Company, 201-500 employees

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In-Person Training

Anaplan3.0

Based on 1 answer

The in-person training is simply not worth the cost. After a few weeks of playing in Anaplan, I went to the basic training and knew more than the person teaching it. a year down the road, I was the first person to complete the advance training, and again could have been teaching the class better than the person running the session. Spend some time on your own trying out different things and you will get all the understanding you need to be successful.

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Joe Bradbury

Manager, Financial Systems

Research NowMarket Research, 1001-5000 employees

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No score

No answers yet

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Online Training

Anaplan5.0

Based on 1 answer

I'm giving this a 5 simply for the anapedia outline of calculations. The online videos and trainings leave a lot to be desired, but having anapedia around to help you understand calculations has been helpful. The drawback to anapedia is the depth they go into for calculations, it is lackluster at times. Because of that, I have been working through a much more in-depth look at each calculation on my website for users to reference: http://www.anaplanguru.com/formulas/

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Joe Bradbury

Manager, Financial Systems

Research NowMarket Research, 1001-5000 employees

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No score

No answers yet

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Implementation

Anaplan6.7

Based on 12 answers

Implementation using Anaplan's internal customer success team left much to be desired. We've found much better success with outside consultants

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Christopher Pope

Manager

Seagate TechnologyComputer Hardware, 10,001+ employees

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EnterpriseIQ7.0

Based on 1 answer

It is nice that an IQMS employee helps you with the implementation, however they were more of a technical resource than a project management resource. I wish they could provide a more off the shelf timeline given their experience in implementing the system.

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Verified User

C-Level Executive in Finance and Accounting

Plastics Company, 201-500 employees

View all 1 answers on this topic

Alternatives Considered

Anaplan has a much more powerful modelling engine compared to Adaptive Insights. Adaptive might have prettier dashboards, but their product is inferior at it's core. We were impressed by everything Anaplan could do and are glad that we chose it over the competition. We also are very impressed by Anaplan's customer success team and their knowledge

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Jake Cosenza

Financial Systems Analyst

San Francisco 49ersSports, 201-500 employees

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This is the only software that I have used so I am unable to rate it based on another type of software. My experience with IQ is extensive though, and have worked and learned in all areas and love how this program works. The many different modules are relatively easy to learn and they offer support if you need additional instruction.

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Marie Wheaton

Quality Manager

Ferguson Production, Inc.Plastics, 51-200 employees

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Scalability

Anaplan7.0

Based on 1 answer

It's going to handle most of what you can throw at it. The problem lies in the sparsity of some datasets. When you have over 5ish dimensions of sparse data, the size of the model gets bloated for not much value. In several cases, I have had to adapt my model to account for sparsity in a way that minimized use of space, but also made interacting with the data more cumbersome.

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Joe Bradbury

Manager, Financial Systems

Research NowMarket Research, 1001-5000 employees

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No score

No answers yet

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Return on Investment

I'm sure the impact is positive. We have streamlined many processes and created capacity for our finance team.
It's great to have "one source of truth" and know that everyone is looking at the same metrics.

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Kelley Haghighi

Sr. Finance Director

DaVita Kidney CareHospital & Health Care, 10,001+ employees

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Our implementation of warehouse management was probably the best investment our company has made recently. The control gained over our inventory is a tremendous asset and allows to see in an instant whether or not we can meet our customers' demands.

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Bev Rosebrough

BOM/Inv Control/IT

Ferguson Production, Inc.Plastics, 51-200 employees

View all 6 answers on this topic

Pricing Details

Anaplan

General

Free Trial

—

Free/Freemium Version

—

Premium Consulting/Integration Services

Yes

Entry-level set up fee?

Optional

Additional Pricing Details

Request a personal demo: https://www.anaplan.com/request-demo/ Free trial for existing customers for any app in the App Hub: https://apphub.anaplan.com/

Anaplan vs EnterpriseIQ

Add comparison

Likelihood to Recommend

Anaplan

EnterpriseIQ

Feature Rating Comparison

Long-term financial planning

Financial budgeting

Forecasting

Scenario modeling

Management reporting

Financial data consolidation

Journal entries and reports

Multi-currency management

Intercompany Eliminations

Minority Ownership

Local and consolidated reporting

Detailed Audit Trails

Financial Statement Reporting

Management Reporting

Excel-based Reporting

Automated board and financial reporting

Personalized dashboards

Color-coded scorecards

KPIs

Cost and profitability analysis

Key Performance Indicator setting

Benchmarking with external data

Flat file integration

Excel data integration

Direct links to 3rd-party data sources

Pay calculation

Benefit plan administration

Direct deposit files

Salary revision and increment management

Reimbursement management

API for custom integration

Single sign-on capability

Role-based user permissions

Dashboards

Standard reports

Custom reports

Accounts payable

Accounts receivable

Inventory tracking

Automatic reordering

Location management

Manufacturing module

Pricing

Order entry

Credit card processing

Cost of goods sold

Pros

Cons

Likelihood to Renew

Usability

Reliability and Availability

Performance

Support

In-Person Training

Online Training

Implementation

Alternatives Considered

Scalability

Return on Investment

Screenshots

Pricing Details

Anaplan

General

Free Trial

Free/Freemium Version

Premium Consulting/Integration Services

Entry-level set up fee?

Additional Pricing Details

EnterpriseIQ

General

Free Trial

Free/Freemium Version

Premium Consulting/Integration Services

Entry-level set up fee?