What users are saying about
Top Rated
207 Ratings
Top Rated
64 Ratings
Top Rated
207 Ratings
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Score 8.4 out of 101
Top Rated
64 Ratings
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Score 9.1 out of 101

Add comparison

Likelihood to Recommend

Anaplan

To date, I have used Anaplan for sales comp modeling, territory and quota planning, and sales forecasting. It has been well-suited to all three.
Steve Ridgley profile photo

InsightSquared

If all of your data isn't consolidated in one place, this product is less appropriate. If your company or team structure isn't yet developed to the point where you have well defined sales targets based on historical data and accurate forecasting, many of the benefits of Insight Squared's data analysis could be lost on you. Ask yourself first if your sales team is at the point where you're ready to utilise data analytics to scale your sales effectively.
Henry Hayes profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

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

Consolidation and Close

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

FInancial Reporting and Compliance

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

Analytics

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

Integration

Anaplan
8.3
InsightSquared
Flat file integration
Anaplan
8.4
InsightSquared
Excel data integration
Anaplan
8.3
InsightSquared
Direct links to 3rd-party data sources
Anaplan
8.3
InsightSquared

Pros

  • I think the greatest strength of Anaplan is that the entire model is interconnected. The ability to update a single variable and have that change propagated through the entire model is unparalleled.
  • Another strength is the ability to have multiple users working in a given model simultaneously. We have had the experience of actively modeling to meet a deadline and realizing that some of the underlying assumptions and/or layout needed to be changed to support a new approach. While our model-builder made the back-end adjustments in Florida, our analyst continued to work through a new set of variables. We ended up with a completely refreshed approach in less than a half hour. With only two hours before our deadline, we NEVER would have even entertained making the change in Excel.
  • The thing that Anaplan does -- that I haven't seen elsewhere -- is the ability to get to data-driven analysis of the future. BI tools are great for reporting what has already happened, but fall short of predictive analytics and sensitivity analysis. Anaplan handles those with ease.
Steve Ridgley profile photo
  • I love the flexibility that InsightSquared has to offer. We have a number of Salesforce fields that are used in different ways because we aren't strictly a sales company. They have been helping us from the beginning to figure out the best ways to organize our data to get the information we're looking for.
  • The Dashboards within the system are great. I wish we used them better than we currently do, but that is a growth area for us. As the admin, I have the capability to setup dashboards for different users who may not be as tech-savy. This is huge because I can play around with them and experiment before we implement for the user.
Amanda Matczynski profile photo

Cons

  • Model Sizing - Anaplan doesn't make use of sparse data, as it uses the same amount of space for an empty "cell" in a cube as it does for a full one. A product like Hyperion can ignore an empty cell and have it not count towards the size. When you are paying by size, this can cause a huge problem
  • Shared Hierarchies - when you have multiple models sharing the same hierarchy, the process is to change it in one place, then you have to import those changes into other models. This is cumbersome to do, and allows the potential for errors if you do not update all hierarchies. There needs to be a global hierarchy option, along with local hierarchies only used in that model
  • Ad-Hoc reporting - If it isn't in a dashboard right now, it is difficult to find. This creates problems for ad-hoc reporting, and spotting issues that may not show up on one of your canned dashboards
  • Dimensionality and relational - in the Anaplan world, an alternate hierarchy of the same dataset uses an extra dimension in the module. This makes the size larger, and the navigation clunky. Properly integrating alternate hierarchies and hierarchy property sorting, summing, and filtering would go a long way
Joe Bradbury profile photo
  • I'd love to see the user interface available in other languages, especially Spanish.
  • As an administrator, I would like to be able to make more customizations myself. I believe this is on their roadmap.
  • When I create a new user in Salesforce, I would like to be able to force InsightSquared to update and immediately enable the new user rather than wait for the normally scheduled update to appear in their system. Right now, it takes about a day for the new user to appear in InsightSquared.
Meghan Butler 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
InsightSquared8.5
Based on 25 answers
Candidly, a tool that I keep open throughout the entire workday is a tool that I need. Everything else is nice to have
Matthew Thistle 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
InsightSquared8.2
Based on 2 answers
lots of data available and very easy to change filters. it is very intuitive. The dashboards are great quick indications of where you, the team and and the company
Kerstin Barthelmes 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
InsightSquared8.4
Based on 3 answers
Every time I go to use InsightSquared it has been available and fully functional
Alex Unruh profile photo

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
InsightSquared9.1
Based on 1 answer
No answer on this topic is available.

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
No score
No answers yet
No answers on this topic

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
InsightSquared9.1
Based on 1 answer
No answer on this topic is available.

Alternatives Considered

In my previous life, I used Smartview and Essbase. I found this ERP system to be useful as it allowed the financial system to connect to any blank Excel spreadsheet and build custom reports as well as pull data in a direct, consolidated and clean fashion within seconds. Having this capability with Anaplan would increase value ten-fold for not just finance-based users, but all users
Ramandeep Garcha profile photo
I'm unfamiliar with competitor products
Henry Hayes profile photo

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
InsightSquared8.2
Based on 1 answer
No answer on this topic is available.

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
No answers on this topic

Pricing Details

Anaplan

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
Anaplan Editions & Modules
Anaplan
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/

InsightSquared

General
Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
InsightSquared Editions & Modules
InsightSquared
Modules
Financial Data (QuickBooks)
Contact Us
Support Data (Zendesk)
$502
Telephony Data (Synety)
$102
2. Per User per Month
Additional Pricing Details