What users are saying about

Anaplan

Top Rated
205 Ratings

Oracle Hyperion

172 Ratings

Anaplan

Top Rated
205 Ratings
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Score 8.3 out of 101

Oracle Hyperion

172 Ratings
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Score 7.4 out of 101

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Likelihood to Recommend

Anaplan

We are really excited and looking forward to exploring the forecasting, and "What If" scenarios. Our current business structure makes it very difficult to forecast and project at any level, and I think Anaplan will be a great solution for us.I think for any business that has multiple, or dynamic, hierarchies Anaplan is a great solution. We have reduced the time spent on these dynamic views by using subsets and properties with in the models.I am looking forward to the increased the communication/connected planning aspect that Anaplan brings to our company. In the past we had thousands of Excel workbooks, some that were too large to email or open. We have seen improved interaction and clear lines of communication for our end users by using Anaplan for our budget process.
Matthew Cantwell profile photo

Oracle Hyperion

This solution is capable of leveraging the reporting and analysis tool for different skilled levels while including comprehensive results and graphical analysis tool for organizations.
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Feature Rating Comparison

Budgeting, Planning, and Forecasting

Anaplan
7.4
Oracle Hyperion
8.0
Long-term financial planning
Anaplan
7.4
Oracle Hyperion
8.7
Financial budgeting
Anaplan
8.1
Oracle Hyperion
7.8
Forecasting
Anaplan
7.7
Oracle Hyperion
8.0
Scenario modeling
Anaplan
6.5
Oracle Hyperion
7.3
Management reporting
Anaplan
7.6
Oracle Hyperion
8.0

Consolidation and Close

Anaplan
6.5
Oracle Hyperion
7.8
Financial data consolidation
Anaplan
7.7
Oracle Hyperion
8.1
Journal entries and reports
Anaplan
6.6
Oracle Hyperion
7.3
Multi-currency management
Anaplan
6.2
Oracle Hyperion
7.5
Intercompany Eliminations
Anaplan
5.9
Oracle Hyperion
8.3
Minority Ownership
Anaplan
6.0
Oracle Hyperion
8.1
Local and consolidated reporting
Anaplan
7.1
Oracle Hyperion
8.0
Detailed Audit Trails
Anaplan
6.1
Oracle Hyperion
7.2

FInancial Reporting and Compliance

Anaplan
7.5
Oracle Hyperion
7.9
Financial Statement Reporting
Anaplan
7.0
Oracle Hyperion
7.8
Management Reporting
Anaplan
8.3
Oracle Hyperion
7.5
Excel-based Reporting
Anaplan
6.9
Oracle Hyperion
8.2
Automated board and financial reporting
Anaplan
8.0
Oracle Hyperion
8.1
XBRL support for regulatory filing
Anaplan
Oracle Hyperion
8.1

Analytics

Anaplan
6.7
Oracle Hyperion
7.7
Personalized dashboards
Anaplan
5.3
Oracle Hyperion
8.0
Color-coded scorecards
Anaplan
6.0
Oracle Hyperion
8.0
KPIs
Anaplan
7.0
Oracle Hyperion
8.0
Cost and profitability analysis
Anaplan
7.0
Oracle Hyperion
7.7
Key Performance Indicator setting
Anaplan
7.4
Oracle Hyperion
7.3
Benchmarking with external data
Anaplan
7.2
Oracle Hyperion
7.1

Integration

Anaplan
8.3
Oracle Hyperion
8.0
Flat file integration
Anaplan
8.3
Oracle Hyperion
7.6
Excel data integration
Anaplan
8.3
Oracle Hyperion
8.2
Direct links to 3rd-party data sources
Anaplan
8.2
Oracle Hyperion
8.1

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
  • HFM will handle complex calculation and consolidation rules extremely well. It's flexibility for writing new rules is unmatched in other products I have seen--the world is quite literally your oyster with this product. You will not come away saying "I wish we could get it to do_______" because it seems there is always a way!
  • The Smart View tool is how most of our users interact with HFM, and obviously the only way they interact with Essbase. It is a very good tool, and speed of Essbase queries is always strikingly fast. The HFM queries are slower, but that is due to the underlying structure of the database being much different than Essbase. Basically all of our reporting is done in Excel using the Smart View add-in.
Matt Downing profile photo

Cons

  • The reporting/dashboarding capability is adequate but could be enhanced.
  • Anaplan is somewhat intuitive ... but it DOES require an investment of time and energy to become proficient in it. The ability to use it for more and more use cases is limited by the number of personnel who truly understand the tool. The corollary is that unless that knowledge is spread to multiple people on the team, there can be substantial risk were a key resource to leave the group.
  • Building a new model does require a fair amount of up-front planning and construction. So there are some things we would rather do in Anaplan than Excel ... but unless they have continuing utility, we find ourselves unlikely to perform quick analyses in Anaplan.
Steve Ridgley profile photo
  • Slight performance issues
  • More fluid pages and interfaces
  • Improvements to 'dashboards'
No photo available

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
Oracle Hyperion5.0
Based on 1 answer
We're in the middle of the road because we are not sure that other products on the market fit the bill for what we need yet. Hyperion is expensive and burdensome from an administrator and maintenance standpoint, but it still seems to be the best solution for what we need. Show us an equally capable SaaS consolidation product and we'll talk again.
Matt Downing 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
No score
No answers yet
No 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.
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
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

Anaplan6.8
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
No score
No answers yet
No answers on this topic

Alternatives Considered

Honestly, having implemented Anaplan at another company, I knew it would suit our needs here and convinced management to get the tool on that basis. We already use a mix of Cognos BI, Tableau, and Excel ... but our need was something apart from what those can provide.
Steve Ridgley profile photo
We also took a look to Cognos, but since we have Oracle eBS as our main ERP, we decided without a very deep analysis.
Federico Shortrede profile photo

Lines of Business and Business Impact

We are able to become more efficient and save 2 full time head costs plus inventory reduction of 1-2 weeks.
Sid Powar 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

  • 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
  • The impact on our financial reporting and financial accounting departments has been very positive.
  • The team has been able to visualize the nuances of financial close management and lessen the amount of issues and errors.
  • The consolidation of the data has greatly improved as well.
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/

Oracle Hyperion

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