What users are saying about

Anaplan

Top Rated
205 Ratings

Anaplan

Top Rated
205 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.3 out of 101

IBM Incentive Compensation Management

18 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 6.2 out of 101

Add comparison

Likelihood to Recommend

Anaplan

Anaplan is great for Sales Ops, FP&A, and basically anything that is heavy Excel-based. It's great at summarizing large amounts of data, like pivot tables. It's also great for crunching Salesforce data. I don't have a need for SQL, but I'm sure it would great for any kind of database summarization use case.
Dan Shuwarger 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
7.4
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
7.6
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
6.6
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
7.1
IBM Incentive Compensation Management
Detailed Audit Trails
Anaplan
6.1
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
8.0
IBM Incentive Compensation Management

Analytics

Anaplan
6.7
IBM Incentive Compensation Management
Personalized dashboards
Anaplan
5.3
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
7.4
IBM Incentive Compensation Management
Benchmarking with external data
Anaplan
7.2
IBM Incentive Compensation Management

Integration

Anaplan
8.3
IBM Incentive Compensation Management
Flat file integration
Anaplan
8.3
IBM Incentive Compensation Management
Excel data integration
Anaplan
8.3
IBM Incentive Compensation Management
Direct links to 3rd-party data sources
Anaplan
8.2
IBM Incentive Compensation Management

Pros

  • We really like the Data Hub concept. We are working on multiple projects with regards to aggregating data from multiple sources, and Data Hub has worked well for us thus far.
  • Agility is key for our businesses and we feel that Anaplan gives us the ability to remain flexible and reactive to the changes throughout our businesses.
  • As a administrator I really like the resources provided by Anaplan such as Anapedia. It makes it really simple to ask questions and find answers if we are having difficulty with certain items.
Matthew Cantwell profile photo
  • Varicent does a really great job at making a completely unique and custom Sales Compensation system.
Matthew Flotard profile photo

Cons

  • I believe user set up within Anaplan is one of the areas that could be improved greatly.
  • Workflow is another area that I believe could be improved. Currently, I do not believe, there is a way to create an action against workflow. This would be a great benefit rather than moving the item to complete or in progress if you could write an action for it.
Matthew Cantwell profile photo
  • Performance Calculation Batch - Overall batch calculation performance is poor it takes long time compared to similar products in market to process same tranaction volume
  • Performance Web Form - Very poor web form performance and restriction around pulling only 1,000 rows from a single data source. Additionally, all records comes at once on UI and requires lot of java script coding to filter and process
  • No data model to start with - Varicent does not come with any pre-defined data model to start with, which is a major drawback. Defining data model elongates design time and also create possibility of bad data model design
  • Retro-processing - There is no out of box retro processing, which can post debit or credit from previous week to current open week. Retro is tied to re-running the week once more. It gets complex when the week is locked
  • Inability to process a particular credit week - Varicent processes all unlocked period in the calender, which is a pain when there is a business need to process a particular credit week
  • Hierarchy - Big problem area for commission processing and Varicent does not offer anything out of box here. It needs to be defined in the data model and processing components are required to process complex hierarchy
Shyam Nivas profile photo

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.
Maggie Palumbo profile photo
IBM Incentive Compensation Management7.5
Based on 9 answers
Varicent is a system you build for your unique needs and business objectives. Once this is in place you can adjust and change accordingly. This system has the flexibility to change in correlation with the needs of your business. From simple viewing adjustments to changing the whole landscape of your operations this system can be modified in whatever direction necessary. Also with the growing popularity of handheld devices this system is at a huge advantage by being accessible from the Ipad
Matthew Flotard 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

Anaplan8.0
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

Anaplan6.8
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
Christopher Pope 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 provided a whiteboard that allowed us to set up our unique business as we saw fit. Other programs had built-in forecasting modules that we needed to adapt to. Our company is retail but also collections so flexibility was the key when making the final decision. Plus, Anaplan seemed more cutting edge, new school, in comparison to the other competitors.
David Cintron profile photo
Zoho is the only comparable product I have recommended implementing when I was finance director for a nonprofit charity. The benefits of Varicent are the increased functionality to handle complex compensation valuations based on sales performance of individual employees, not simply tracking relationships with customers.
Abraham Thomas, MBA, PMP profile photo

Lines of Business and Business Impact

It has provided a means to forecast while testing scenarios within multiple versions. It engaged the home office directors and operational managers to see their forecast and assess the changes that should be made. It became the much needed centerpoint where forecasting and budgeting data lives and breathes. In the past, forecasting was done via multiple Excel sheets, not standardized, and prone to human error.
David Cintron profile photo
No answers on this topic

Selection Process

Adaptive and Host Analytics
More flexible and able to handle more data.
Tommy Bettles profile photo
No answers on this topic

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

  • 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.
Kelley Haghighi profile photo
  • The most important impact that Varicent has had is giving the user the clearest and most user friendly access to daily sales, quota and commissions. This up to date system really interacts well with the field and keeps everyone's daily and long term goals in check.
  • Along with giving the field better up to date information on their specific accounts, territories or objectives it helps considerably with managing the compensation side of the business. This system makes validation and overall efficiency a reality that benefits all parties involved.
Matthew Flotard 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