What users are saying about
Top Rated
207 Ratings
Top Rated
207 Ratings
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Score 8.4 out of 101
47 Ratings
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Score 8.5 out of 101

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Likelihood to Recommend

Anaplan

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

IBM Planning Analytics

Cognos TM1's ability to store and provide fast access financial data both on-premise and in the cloud makes it a great asset during month-end or year-end closing. The speed at which it can be updated and reflect GL changes for reporting makes it well suited for PL and BL reporting. For example, when it comes budgeting season and your FI application is getting hammered a speedy application makes your user base happy. However, Cognos TM1 is not well suited for reporting when you have to store a lot of granular data, think retail transaction level stuff, as Cognos TM1 is an OLAP data structure rather than relational.
No photo available

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Anaplan
7.5
IBM Planning Analytics
10.0
Long-term financial planning
Anaplan
7.4
IBM Planning Analytics
10.0
Financial budgeting
Anaplan
8.1
IBM Planning Analytics
10.0
Forecasting
Anaplan
7.7
IBM Planning Analytics
10.0
Scenario modeling
Anaplan
6.5
IBM Planning Analytics
10.0
Management reporting
Anaplan
7.7
IBM Planning Analytics
10.0

Consolidation and Close

Anaplan
6.5
IBM Planning Analytics
9.0
Financial data consolidation
Anaplan
7.7
IBM Planning Analytics
10.0
Journal entries and reports
Anaplan
6.5
IBM Planning Analytics
8.0
Multi-currency management
Anaplan
6.2
IBM Planning Analytics
10.0
Intercompany Eliminations
Anaplan
5.9
IBM Planning Analytics
10.0
Minority Ownership
Anaplan
6.0
IBM Planning Analytics
8.0
Local and consolidated reporting
Anaplan
7.2
IBM Planning Analytics
10.0
Detailed Audit Trails
Anaplan
6.0
IBM Planning Analytics
7.0

FInancial Reporting and Compliance

Anaplan
7.6
IBM Planning Analytics
9.5
Financial Statement Reporting
Anaplan
7.0
IBM Planning Analytics
10.0
Management Reporting
Anaplan
8.3
IBM Planning Analytics
10.0
Excel-based Reporting
Anaplan
6.9
IBM Planning Analytics
10.0
Automated board and financial reporting
Anaplan
8.3
IBM Planning Analytics
10.0
XBRL support for regulatory filing
Anaplan
IBM Planning Analytics
7.3

Analytics

Anaplan
6.7
IBM Planning Analytics
10.0
Personalized dashboards
Anaplan
5.5
IBM Planning Analytics
10.0
Color-coded scorecards
Anaplan
6.0
IBM Planning Analytics
10.0
KPIs
Anaplan
7.0
IBM Planning Analytics
10.0
Cost and profitability analysis
Anaplan
7.0
IBM Planning Analytics
10.0
Key Performance Indicator setting
Anaplan
7.5
IBM Planning Analytics
10.0
Benchmarking with external data
Anaplan
7.1
IBM Planning Analytics
10.0

Integration

Anaplan
8.3
IBM Planning Analytics
10.0
Flat file integration
Anaplan
8.4
IBM Planning Analytics
10.0
Excel data integration
Anaplan
8.3
IBM Planning Analytics
10.0
Direct links to 3rd-party data sources
Anaplan
8.3
IBM Planning Analytics
10.0

Pros

  • Real - time - the cloud based technology allows all changes & its impact is visible in real time.
Szilvia Havasreti profile photo
  • Cognos TM1 is great for planning, both workforce and financial, as it allows for complex hierarchies to be built and maintained via automated routines and simple scripts.
  • Cognos TM1 ability to directly connect to an external system and extract data allows you to roll your own ETL processes and keep the bottleneck (that is IT) out of your financial consolidation project.
  • Cognos TM1 has the ability to be both cloud based and fully on-premise which is of great for institutions that are cloud adverse and want an alternative Adaptive Analytics.
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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
  • The memory and core management of Cognos TM1 could be improved to make system administrators happier.
  • It could be cheaper on PVU basis or licenses could be more flexible to the needs of finance.
  • The user community for Cognos TM1 is not lead by IBM, but instead the users/developers themselves. I think IBM could improve this somewhat by organizing things a bit better.
No photo available

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 Planning Analytics10.0
Based on 1 answer
This is a planning developer's dream. You feel like you're given a blank canvas with all the right tools to make it an artwork. It is the future of business application development.
David Chen 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 Planning Analytics9.0
Based on 1 answer
The application is easy to install and to develop with. Your super users have the ability to manage the data and the user logins without IT help.
No photo available

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 Planning Analytics8.0
Based on 1 answer
There are good support people in Ottawa, but having access to the development team and a TAM make the support. Without that access I don't think IBM Support would be as highly rated.
No photo available

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
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
No score
No answers yet
No answers on this topic

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
Cognos TM1's ability to store and provide fast access financial data both on-premise and in the cloud makes it a great fit in a company with a small FI team. Compared to Adaptive Insights the management of Cognos TM1 is simpler and for most financial consolidation projects a full-time application administrator is not required as power users can do most things without intervention.
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
  • Reliable data base
  • Consistent calculations accros the application avoiding formula errors
  • Easy consolidation (aggregation)
  • Faster currency conversion
No photo available

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 Planning Analytics

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