Anaplan vs. Synoptix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Anaplan
Score 8.6 out of 10
Enterprise companies (1,001+ employees)
Anaplan is a transformative way to see, plan, and run your business. Using its proprietary Hyperblock™ technology, Anaplan lets you contextualize real-time performance, and forecast future outcomes for faster, confident decisions. Anaplan enables connected strategy and planning across your enterprise to move your business forward. Based in San Francisco, Anaplan has over 200 partners and more than 2,000 customers worldwide.N/A
Synoptix
Score 2.8 out of 10
Mid-Size Companies (51-1,000 employees)
Synoptic provides ERP financial reporting tools and analysis. This solution is designed to deliver real-time data. The vendor’s value proposition is that their solution empowers users to create financial and operational reports with spreadsheet ease of use.N/A
Pricing
AnaplanSynoptix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AnaplanSynoptix
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeOptionalOptional
Additional Details
More Pricing Information
Features
AnaplanSynoptix
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Anaplan
7.7
181 Ratings
5% below category average
Synoptix
-
Ratings
Pixel Perfect reports6.41 Ratings00 Ratings
Customizable dashboards9.1181 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Anaplan
9.1
2 Ratings
9% above category average
Synoptix
-
Ratings
Drill-down analysis9.12 Ratings00 Ratings
Formatting capabilities9.12 Ratings00 Ratings
Report sharing and collaboration9.12 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Anaplan
8.8
188 Ratings
7% above category average
Synoptix
7.7
1 Ratings
6% below category average
Publish to Web9.11 Ratings8.01 Ratings
Publish to PDF8.8187 Ratings8.01 Ratings
Report Versioning9.1162 Ratings00 Ratings
Report Delivery Scheduling8.33 Ratings7.01 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Anaplan
8.2
2 Ratings
7% above category average
Synoptix
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)9.12 Ratings00 Ratings
Location Analytics / Geographic Visualization9.12 Ratings00 Ratings
Predictive Analytics6.42 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Anaplan
9.2
191 Ratings
5% above category average
Synoptix
6.0
1 Ratings
37% below category average
Multi-User Support (named login)9.12 Ratings7.01 Ratings
Role-Based Security Model9.4191 Ratings8.01 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.12 Ratings8.01 Ratings
Report-Level Access Control9.444 Ratings00 Ratings
Single Sign-On (SSO)9.12 Ratings1.01 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Anaplan
7.9
181 Ratings
1% below category average
Synoptix
1.0
1 Ratings
156% below category average
Responsive Design for Web Access8.6172 Ratings1.01 Ratings
Mobile Application8.2161 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile8.2168 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Anaplan
9.1
293 Ratings
9% above category average
Synoptix
6.0
1 Ratings
32% below category average
Long-term financial planning9.4267 Ratings5.01 Ratings
Financial budgeting9.6272 Ratings5.01 Ratings
Forecasting9.2281 Ratings00 Ratings
Scenario modeling9.1283 Ratings00 Ratings
Management reporting8.3282 Ratings8.01 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Anaplan
7.2
248 Ratings
12% below category average
Synoptix
7.0
1 Ratings
14% below category average
Financial data consolidation8.6228 Ratings7.01 Ratings
Journal entries and reports7.0186 Ratings00 Ratings
Multi-currency management6.211 Ratings00 Ratings
Intercompany Eliminations6.08 Ratings00 Ratings
Minority Ownership6.07 Ratings7.01 Ratings
Local and consolidated reporting8.5215 Ratings00 Ratings
Detailed Audit Trails8.1228 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Anaplan
8.6
265 Ratings
4% above category average
Synoptix
6.8
1 Ratings
19% below category average
Financial Statement Reporting8.7244 Ratings7.01 Ratings
Management Reporting8.4256 Ratings7.01 Ratings
Excel-based Reporting8.1235 Ratings7.01 Ratings
Automated board and financial reporting9.013 Ratings6.01 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Anaplan
9.0
284 Ratings
11% above category average
Synoptix
3.0
1 Ratings
91% below category average
Personalized dashboards8.6279 Ratings3.01 Ratings
Color-coded scorecards8.7263 Ratings00 Ratings
KPIs9.119 Ratings00 Ratings
Cost and profitability analysis9.2241 Ratings00 Ratings
Key Performance Indicator setting9.4252 Ratings00 Ratings
Benchmarking with external data9.113 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Anaplan
8.8
290 Ratings
5% above category average
Synoptix
3.0
1 Ratings
94% below category average
Flat file integration9.4280 Ratings00 Ratings
Excel data integration8.4262 Ratings00 Ratings
Direct links to 3rd-party data sources8.6241 Ratings3.01 Ratings
Best Alternatives
AnaplanSynoptix
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Centage
Centage
Score 9.6 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AnaplanSynoptix
Likelihood to Recommend
9.3
(302 ratings)
2.2
(12 ratings)
Likelihood to Renew
9.4
(25 ratings)
-
(0 ratings)
Usability
8.0
(16 ratings)
-
(0 ratings)
Availability
8.7
(6 ratings)
-
(0 ratings)
Performance
9.0
(6 ratings)
-
(0 ratings)
Support Rating
7.8
(18 ratings)
1.0
(1 ratings)
In-Person Training
8.4
(4 ratings)
-
(0 ratings)
Online Training
9.0
(4 ratings)
-
(0 ratings)
Implementation Rating
8.5
(21 ratings)
-
(0 ratings)
Configurability
9.0
(4 ratings)
-
(0 ratings)
Ease of integration
9.1
(2 ratings)
-
(0 ratings)
Product Scalability
9.3
(6 ratings)
-
(0 ratings)
Vendor post-sale
7.4
(3 ratings)
-
(0 ratings)
Vendor pre-sale
4.8
(3 ratings)
-
(0 ratings)
User Testimonials
AnaplanSynoptix
Likelihood to Recommend
Anaplan
Anaplan revolutionizes the planning process by standardizing it, creating transparency in data, particularly in showcasing results to the management team. By replacing Excel-centric planning methods, Anaplan not only opens the door to handling larger datasets but also enables a more intricate level of data granularity at an accelerated pace. What sets it apart is its capacity to facilitate a seamless collaboration within a cross-functional model, accommodating diverse departments and business functions in a dynamic, real-time environment.
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Synoptix
It is excellent if set up well, and users are well trained on how to use it as it is not very user-friendly. But to achieve that, you have to go through the hell of a setup. Support is not knowledgeable in some areas of the software, it is tough to set up and install, and when presented by salespeople, it is all great, but you need to invest a lot to pay it off.
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Pros
Anaplan
  • Forcing structure and auditability to processes that used to exist in spreadsheets
  • Strong calculation engine that can account for many dimensions
  • Formula Syntax that is not overly complicated and can be learned by the business in order to have ownership of their models internally
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Synoptix
  • Easy report building interface with an query interface that allows financial users the ability to conduct complex queries without difficulty.
  • The ability to create reporting that allows us to review in-depth financial review by drilling down into accounts to find transnational data easily.
  • Easily maintained and monitored with simple upgrade installations and end point installation.
  • Great knowledge base for review and trouble-shooting.
  • Highly knowledgeable and easy to work with staff.
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Cons
Anaplan
  • The "new" UX front-end offers a lot of modern and intuitive features, but it lacks the ability to view multiple "tabs" of dashboards and reports. The "classic" dashboard had this feature but now with the UX, you need to be really smart about how to design a single page where the users won't get "lost".
  • Lacks the ability to "wrap text" (similar to excel) and auto-size grid rows
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Synoptix
  • It has a poor install procedure which is not standard. It almost requires copying folders from an existing computer to the new install.
  • The update process is less than desirable. It seems like Compusoft needs to do a better job of testing before releasing updates.
  • The interface is a bit archaic. It looks more like a program from 20 years ago than one used today.
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Likelihood to Renew
Anaplan
In any line of work, a tool that is flexible and would allow different departments of your company to easily interact and exchange valuable insights, is highly anticipated and needed. For me, what Anaplan provides to a business, be it a smaller one or an enterprise customer, is an easily scaling, agile planning and modeling platform that can meet almost any need and give a high-end solution to the problems any company faces on a daily basis.
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Synoptix
No answers on this topic
Usability
Anaplan
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.
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Synoptix
No answers on this topic
Reliability and Availability
Anaplan
There are very few outages. Maintenance is scheduled on two or three Saturdays per month, so as not to affect businesses. When there is an outage, users are kept informed of progress to restore the platform and typically this takes no more than an hour. Anaplan customer support is very responsive if we ever have questions about platform issues
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Synoptix
No answers on this topic
Performance
Anaplan
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.
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Synoptix
No answers on this topic
Support Rating
Anaplan
1. Anaplan has separate 24/7 customer support channel to help with queries, 2. Customer Partner from Anaplan to support vendor with their queries like license purchase, use case implementation support, customer advocacy 3. Anaplan Learning Platform to help learning new product features free of cost and Yearly Anaplan connect across globe to share success stories of various companies.
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Synoptix
Support does not know much about software solutions. As an example, I have struggled for weeks just to set up LDAP that should be fairly simple.
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In-Person Training
Anaplan
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.
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Synoptix
No answers on this topic
Online Training
Anaplan
Anaplan training materials are clear, simple, easy to understand and to follow. Visuals are excellent. The vendor is good at updating training materials in a timely manner and encouraging users and administrators to keep coming back to Academy site for refresher courses or new feature courses. I really like their interactive diagrams
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Synoptix
No answers on this topic
Implementation Rating
Anaplan
Agile methodology and breaking the work down into sprints was very helpful. Implementation required a deeper dive into our data than expected for the consultants to be able to construct the data model. But once it was in place, the focus on knowledge transfer enabled us to be able to use the product effectively after the team rolled off.
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Synoptix
No answers on this topic
Alternatives Considered
Anaplan
Anaplan is what I would consider a modeling platform. It excels at taking a forecasting or planning process and systematizing it - and allowing for whatever nuances and granularity you need to perform that modeling. It is not positioned as "data collection" platform - which are typically designed to take data uploads from Excel to calculate basic opex and revenue models. It's much more customizable and flexible.
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Synoptix
Prior to Synoptix we were using the reporting tool that comes with our ERP system. It lacked the drilldown and comparability functions that make Synoptix the top pick. Further, designing reports and maintaining reports was very labor intensive
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Scalability
Anaplan
We have managed to leverage Anaplan for financial planning and forecasting across the business. It is now used by almost every department, with more than 50 users (but I know of companies that have hundreds of users) and still the platform is quick and reliable. It is easy to make changes to divisions and departments or add users and apply different user settings - the core part of the model is not affected and end users can continue their work without any disruption
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Synoptix
No answers on this topic
Return on Investment
Anaplan
  • Speeding up the process of closing and updating the current month forecast
  • Reduced work on the preparation of reports and presentations. We used different Anaplan approaches with varying success, but the overall result was there.
  • It's hard to gauge, but the overall increase in process and algorithm transparency, along with data protection, has given an excellent platform for scaling up the company's processes.
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Synoptix
  • As a reporting tool it has allowed us to make fact based decisions. We have a significant annual cost with relation to our legacy system and Synoptix provides us with the best tool to mine the data that resides in our legacy system.
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ScreenShots

Anaplan Screenshots

Screenshot of Platform: The Anaplan platform is a unified cloud-based solution that connects people, data and plans to enable complex scenario modeling and drive growthScreenshot of OpEx Planning: Review revenue-target-setting goals by brand, season, and capacity all on one, unified, highly-visual dashboardScreenshot of Supply Planning: Break down costs across assembly production to project profitability and align your supply chain to market opportunitiesScreenshot of Territory and Quota Planning: Keep track of sales goals and quotas across territories and industries to optimize sales performanceScreenshot of Headcount Planning: Easily align workforce plans with your strategic plans and quickly see where the best qualified talent resides to fit your organization’s staffing needsScreenshot of Marketing: Eliminate spreadsheets to drive efficiency across planning and manage budget against planned activity