What users are saying about

Anaplan

Top Rated
205 Ratings

CCH Tagetik

Top Rated
34 Ratings

Anaplan

Top Rated
205 Ratings
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Score 8.3 out of 101

CCH Tagetik

Top Rated
34 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8 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

CCH Tagetik

Tagetik is very suited for consolidation but not appropriate for GL detail.
Susan Heffern profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Anaplan
7.4
CCH Tagetik
7.4
Long-term financial planning
Anaplan
7.4
CCH Tagetik
7.7
Financial budgeting
Anaplan
8.1
CCH Tagetik
7.7
Forecasting
Anaplan
7.7
CCH Tagetik
6.9
Scenario modeling
Anaplan
6.5
CCH Tagetik
7.4
Management reporting
Anaplan
7.6
CCH Tagetik
7.2

Consolidation and Close

Anaplan
6.5
CCH Tagetik
7.6
Financial data consolidation
Anaplan
7.7
CCH Tagetik
7.6
Journal entries and reports
Anaplan
6.6
CCH Tagetik
7.4
Multi-currency management
Anaplan
6.2
CCH Tagetik
7.9
Intercompany Eliminations
Anaplan
5.9
CCH Tagetik
8.0
Minority Ownership
Anaplan
6.0
CCH Tagetik
7.0
Local and consolidated reporting
Anaplan
7.1
CCH Tagetik
7.3
Detailed Audit Trails
Anaplan
6.1
CCH Tagetik
7.6

FInancial Reporting and Compliance

Anaplan
7.6
CCH Tagetik
7.4
Financial Statement Reporting
Anaplan
7.0
CCH Tagetik
7.0
Management Reporting
Anaplan
8.3
CCH Tagetik
7.3
Excel-based Reporting
Anaplan
6.9
CCH Tagetik
8.6
Automated board and financial reporting
Anaplan
8.0
CCH Tagetik
7.0
XBRL support for regulatory filing
Anaplan
CCH Tagetik
7.2

Analytics

Anaplan
6.7
CCH Tagetik
7.1
Personalized dashboards
Anaplan
5.3
CCH Tagetik
6.6
Color-coded scorecards
Anaplan
6.0
CCH Tagetik
6.6
KPIs
Anaplan
7.0
CCH Tagetik
7.2
Cost and profitability analysis
Anaplan
7.0
CCH Tagetik
7.7
Key Performance Indicator setting
Anaplan
7.4
CCH Tagetik
7.0
Benchmarking with external data
Anaplan
7.2
CCH Tagetik
7.3

Integration

Anaplan
8.3
CCH Tagetik
8.4
Flat file integration
Anaplan
8.3
CCH Tagetik
9.3
Excel data integration
Anaplan
8.3
CCH Tagetik
9.3
Direct links to 3rd-party data sources
Anaplan
8.2
CCH Tagetik
6.6

Pros

  • Modeling is next level in Anaplan. With a background deep in Excel modeling and the frustrations that come along with it, Anaplan is a breath of fresh air and is actually fun to build and model in.
  • Dashboarding and synchronization. The synchronization feature in Anaplan is one of the greatest things ever. As its core Anaplan models are built around hierarchical lists and dimensions and using similar dimensions in dashboards allows you to synchronize to different views of the same data with simple clicks around a dashboard. It makes reporting and BI extremely user friendly and flexible.
  • Its fast. If you had the same exact model in Excel and Anaplan. That model in Excel would be like riding and old bike with under-inflated tires, while Anaplan would be like driving a Tesla in Ludicrous mode. The ability to have your entire business modeled on a single platform, potentially across multiple models, where when you make a change the entire model updates within seconds, is invaluable in making decisions.
Chris Friederich profile photo
  • It does a good job of assisting with the mapping of accounts to entities. Unlike other programs that require you to add an account for all entities, Tagetik knows to map new accounts to all entities.
  • The interface is very user friendly and intuitive. Once you have a basic understanding of how it functions, it is very easy to navigate.
  • Any time there has been issues with the tool, the Tagetik team has been very quick to assist in solving the issue. They really provide a great deal of support.
Daniel Rizzo profile photo

Cons

  • The actions could be improved - make it obvious what the sources and targets of the are so we don't have to guess or put them in the action names. Also get a native scheduler! That's so simple and it's very frustrating and expensive to have to build/buy our own.
  • Reporting and UI still have a long way to go. Simple things like being able to alphabetize/order what you see on the screen, or add a rich color pallet to choose from.
  • User access management could improve. We need to have model level admins that don't have access to everything in the workspace. Also the tenant admin space doesn't work effectively. I can't remove a user from all models simultaneously. I also can't see all models a user has access to from the tenant admin space.
Christopher Pope profile photo
  • The Tagetik code is not easy to manage and to explore. You need an IT specialist if you want to change some features or functionalities otherwise you need Tagetik support.
  • It is not easy to manage data of different periods. There is significant room to improve this.
  • More functionality to integrate Tagetik APM and CPM.
Cesare Schiarea 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
CCH Tagetik6.5
Based on 6 answers
We have a lot invested in this product and want to use it as much as we can.
Susan Heffern 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
CCH Tagetik6.8
Based on 3 answers
I see this product as being multi functional
Susan Heffern 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
CCH Tagetik7.4
Based on 4 answers
Fast answers, solve problems, but with extra payment for assistance
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

Anaplan6.8
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
CCH Tagetik6.4
Based on 2 answers
Get a project manager and have someone on the team who knows your databases and systems inside and out.
Susan Heffern profile photo

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
A lot of integration with the other enterprise database (SQL).
Elisa Mevio profile photo

Lines of Business and Business Impact

Anaplan has transformed the way we operate our finance department. We have slashed the amount of time it takes to build manual reports and instead can focus our energy on providing greater detail and insight for our budget managers. We've reduced our processing time from 3 days down to 15-30 minutes per month. We also can provide data to our end users that they never have had access to before
Jake Cosenza 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
  • With the elimination of the need to distribute and collect budget worksheets and verify the calculations, Tagetik has allowed our limited financial staff more time to do analysis while creating the budget.
  • It is hard to put a return on investment on Tagetik. The price paid for the product has more than paid for itself in my opinion. However in our case, we have not directly attributed any reduction in cost or increased revenue to the product. It has allowed the finance staff to produce and analyze many new reports which has increased our productivity and value to the organization.
John Torley 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/

CCH Tagetik

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