What users are saying about
Top Rated
207 Ratings
Top Rated
207 Ratings
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Score 8.4 out of 101
18 Ratings
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Score 6.2 out of 101

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Likelihood to Recommend

Anaplan

It's great for complex models that require frequent updates and instant feedback. That describes most planning situations I know of. It's great for organizations that want to change plans and models independent of IT support or programming. It's not a great reporting or analytics tool. Ad-hoc analysis is a non-starter in the platform--you have to be a model builder and the process of generating a report is very cumbersome compared with something like Tableau.
Christopher Pope profile photo

IBM Incentive Compensation Management

The best advice I can give is to make sure that if the business does intend to own the system, that they have key talent in place and are appropriately compensated. The key talent would have vast knowledge over several areas of the business such as: Compensation Plans, Field Administrative Operations, the organizations Accounting policies, and Sales Operations. On top of understanding the numerous areas of the business, the key talent would also need to have database and system expertise.
Matthew Burgos profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Anaplan
7.5
IBM Incentive Compensation Management
Long-term financial planning
Anaplan
7.4
IBM Incentive Compensation Management
Financial budgeting
Anaplan
8.1
IBM Incentive Compensation Management
Forecasting
Anaplan
7.7
IBM Incentive Compensation Management
Scenario modeling
Anaplan
6.5
IBM Incentive Compensation Management
Management reporting
Anaplan
7.7
IBM Incentive Compensation Management

Consolidation and Close

Anaplan
6.5
IBM Incentive Compensation Management
Financial data consolidation
Anaplan
7.7
IBM Incentive Compensation Management
Journal entries and reports
Anaplan
6.5
IBM Incentive Compensation Management
Multi-currency management
Anaplan
6.2
IBM Incentive Compensation Management
Intercompany Eliminations
Anaplan
5.9
IBM Incentive Compensation Management
Minority Ownership
Anaplan
6.0
IBM Incentive Compensation Management
Local and consolidated reporting
Anaplan
7.2
IBM Incentive Compensation Management
Detailed Audit Trails
Anaplan
6.0
IBM Incentive Compensation Management

FInancial Reporting and Compliance

Anaplan
7.6
IBM Incentive Compensation Management
Financial Statement Reporting
Anaplan
7.0
IBM Incentive Compensation Management
Management Reporting
Anaplan
8.3
IBM Incentive Compensation Management
Excel-based Reporting
Anaplan
6.9
IBM Incentive Compensation Management
Automated board and financial reporting
Anaplan
8.3
IBM Incentive Compensation Management

Analytics

Anaplan
6.7
IBM Incentive Compensation Management
Personalized dashboards
Anaplan
5.5
IBM Incentive Compensation Management
Color-coded scorecards
Anaplan
6.0
IBM Incentive Compensation Management
KPIs
Anaplan
7.0
IBM Incentive Compensation Management
Cost and profitability analysis
Anaplan
7.0
IBM Incentive Compensation Management
Key Performance Indicator setting
Anaplan
7.5
IBM Incentive Compensation Management
Benchmarking with external data
Anaplan
7.1
IBM Incentive Compensation Management

Integration

Anaplan
8.3
IBM Incentive Compensation Management
Flat file integration
Anaplan
8.4
IBM Incentive Compensation Management
Excel data integration
Anaplan
8.3
IBM Incentive Compensation Management
Direct links to 3rd-party data sources
Anaplan
8.3
IBM Incentive Compensation Management

Pros

  • Hyperbloc architecture -- the ability to see changes to models instantly cascade through all the models.
  • Function agnostic platform - the ability to adapt the platform to many different use cases and integrate those use cases into a connected planning environment.
  • Cloud architecture. Security and product enhancements come automatically.
Christopher Pope profile photo
  • Varicent has an iPad application that provides the sales forces with all the essential information on the go.
  • Varicent has the flexibility to customize calculations and reports. It is a tailor made solution that can meet any customer’s needs. I had the pleasure to implement Varicent at to different companies, in two different industries and Varicent could do it all!
  • Varicent’s upgrades are seamless. We upgraded from 7.0 to 8.0 during the implementation and it was completed overnight!
Nicole Rutkowski profile photo

Cons

  • The charts. It has been a battle for years to have Anaplan add little nuaces here and there. For example, you can't change the font on tables on a dashboard. The little things do matter. Most of the time I just export my data and create a graph in Excel.
  • If I want to add an available column to my view, I have to show all on everything and then dig through ALL the rows/columns on the screen. It's like having to create the (original carefully constructed) view from scratch.
  • Desktop Support is weak. When we first acquired it was one of the strengths of anaplan. Gurus were always available and you could solve a problem at first contact via a GoToMeeting. Nowadays guru availability is spotty and it usually takes several conversations where someone has to ask someone else how to solve the issue. By the time I finally get an answer I've already found an alternative and have moved on to something else.
David Cintron profile photo
  • Although Varicent’s iPad application is great, many of the awesome graphs that we were sold on are only Java compatible. I wish Varicent could have this corrected in the next release.
  • The search functionality in the admin client is less than desirable. It is very difficult to research issues in the calculations because the scroll function is not user friendly. Varicent should offer a global search function that will find the requested data in the calculations.
  • The web client times out to quickly. There should be a separate setting for admin users where we can stay logged in for more than 20 minutes at a time.
Nicole Rutkowski profile photo

Likelihood to Renew

Anaplan8.2
Based on 3 answers
I don't think we could function without the collaboration capabilities built into Anaplan that replaced disparate Excel files in the workforce planning model
Joe Bradbury profile photo
IBM Incentive Compensation Management7.5
Based on 9 answers
Varicent support has great customer services and they have a very fast turn around time for hot fixes. Varicent stays up to date with their new product releases; they take their customers recommendations seriously. It seems like every few years they are rolling out a new release which includes many upgrades. Not mention the upgrade process is seamless
Nicole Rutkowski profile photo

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.
Chris Friederich profile photo
IBM Incentive Compensation Management8.0
Based on 2 answers
The system is very usable, there is room for improvement. As the new versions come out each year, they continue to create polish in the different aspects of the software. There are some areas like creating web forms where the development environment doesn't work quite as one would hope, but that is also an area where they are constantly improving.
Matthew Burgos profile photo

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.
Joe Bradbury profile photo
No score
No answers yet
No answers on this topic

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.
Joe Bradbury profile photo
No score
No answers yet
No answers on this topic

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.
Joe Bradbury profile photo
IBM Incentive Compensation Management8.0
Based on 2 answers
Giving a 10 would suggest there is no room for improvement. I don't feel like their support is perfect. However, I have never met another team that was more dedicated to making sure we get what we want and need.
Matthew Burgos profile photo

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.
Joe Bradbury profile photo
No score
No answers yet
No answers on this topic

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/
Joe Bradbury profile photo
No score
No answers yet
No answers on this topic

Implementation

Anaplan6.7
Based on 12 answers
I won't rate this low due to the 3rd party consultant, because overall the implementation with Anaplan went great. We had working models in our first month of having Anaplan, and have been able to branch out into multiple facets of the business in the 3 years since our first implementation.
Joe Bradbury profile photo
IBM Incentive Compensation Management8.0
Based on 2 answers
Test test test. Make sure that the product is calculating everyone 100% correctly. DO NOT accept a 70% pass rate as some companies would like to have you believe is acceptable. This means conducting thorough testing by providing 100% of all expected results, but it will be worth it when you know that the compensation plans are working entirely as expected.
Matthew Burgos profile photo

Alternatives Considered

Anaplan user case was easy to pull together on our own without consultants. The other tools were more complex to understand and set up.Cost-wise it stacked up nicely against other tools as well
Andrew Paston profile photo
I am not sure that Varicent, in the context i was using it, is comparable to the other products listed. I was using it as a compensation management system and the only other system i have used in the regard is part of the IBM Cognos suite, TM1
No photo available

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.
Joe Bradbury profile photo
No score
No answers yet
No answers on this topic

Return on Investment

  • Workforce Planning efficiency - so much easier than excel to maintain sensitive information planning
  • Long range plan lead time - the old excel model took weeks to update. The Anaplan model takes hours
Joe Bradbury profile photo
  • Employees are now able to see all their sales and open orders on a daily bases. This is a huge advantage compared to waiting weekly or monthly to see their results.
  • The iPad app allows the sales force to spend more time out in the field selling rather than being at the location researching their territory progress .
  • The administrator spends less time closing the monthly payroll compared to the last system because Variant interfaces with our ERP directly.
Nicole Rutkowski profile photo

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/

IBM Incentive Compensation Management

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details