What users are saying about

Anaplan

Top Rated
205 Ratings

Wdesk

7 Ratings

Anaplan

Top Rated
205 Ratings
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Score 8.3 out of 101

Wdesk

7 Ratings
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Score 9.1 out of 101

Add comparison

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

Wdesk

Wdesk is great for companies in which several employees or departments touch filing data simultaneously. If you want to have one set of data for your 10-Qs, 10-Ks, press releases, and proxy statements, and you want your Reporting, Legal, HR, and Internal Relations teams to be able to access all of it at the same time, Wdesk is a GREAT product. To maximize the program's capabilities, you'll want to take advantage of the linking functionality with your source data (that's what we're ensuring is happening in the periods between our filings). If you're in a company that only has one or two people on your reporting team, and those employees don't have the time to properly set up links using the source data, this program could be overwhelming.
Erin Crossland profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Anaplan
7.4
Wdesk
Long-term financial planning
Anaplan
7.4
Wdesk
Financial budgeting
Anaplan
8.1
Wdesk
Forecasting
Anaplan
7.7
Wdesk
Scenario modeling
Anaplan
6.5
Wdesk
Management reporting
Anaplan
7.6
Wdesk

Consolidation and Close

Anaplan
6.5
Wdesk
Financial data consolidation
Anaplan
7.7
Wdesk
Journal entries and reports
Anaplan
6.6
Wdesk
Multi-currency management
Anaplan
6.2
Wdesk
Intercompany Eliminations
Anaplan
5.9
Wdesk
Minority Ownership
Anaplan
6.0
Wdesk
Local and consolidated reporting
Anaplan
7.1
Wdesk
Detailed Audit Trails
Anaplan
6.1
Wdesk

FInancial Reporting and Compliance

Anaplan
7.6
Wdesk
Financial Statement Reporting
Anaplan
7.0
Wdesk
Management Reporting
Anaplan
8.3
Wdesk
Excel-based Reporting
Anaplan
6.9
Wdesk
Automated board and financial reporting
Anaplan
8.0
Wdesk

Analytics

Anaplan
6.7
Wdesk
Personalized dashboards
Anaplan
5.3
Wdesk
Color-coded scorecards
Anaplan
6.0
Wdesk
KPIs
Anaplan
7.0
Wdesk
Cost and profitability analysis
Anaplan
7.0
Wdesk
Key Performance Indicator setting
Anaplan
7.4
Wdesk
Benchmarking with external data
Anaplan
7.2
Wdesk

Integration

Anaplan
8.3
Wdesk
Flat file integration
Anaplan
8.3
Wdesk
Excel data integration
Anaplan
8.3
Wdesk
Direct links to 3rd-party data sources
Anaplan
8.2
Wdesk

Governance, Risk & Compliance

Anaplan
Wdesk
9.6
Common repository of GRC items
Anaplan
Wdesk
10.0
Risk management
Anaplan
Wdesk
8.9
Integration with Corporate Performance Management (CPM) systems
Anaplan
Wdesk
10.0
GRC policy management
Anaplan
Wdesk
10.0
Incident management
Anaplan
Wdesk
8.9

Pros

  • Anaplan is great at organizing data. You can have one module for importing and then other modules that feed from there. It acts as a one stop shop for data that comes from several different SQL tables. Plus the pivot function is so easy to use.
  • Anaplan is money when it comes to modeling. You can test scenarios with different subsets changing one data point which will flow through all modules and particular versions that you need it to.
  • I am able to keep a very detailed and constantly updated hierarchy in Anaplan. From there I can branch off subsets that I need to test, such as bottom stores, merged stores, closing stores....thus I can extrapolate or dismiss certain groups. I also love Selective Access. Operators can see their group only and efficiently make changes to the forecast where they see fit.
David Cintron profile photo
  • Data integrity, Using work books to source the same data into various sections of a document is the best feature of Wdesk. The excel like feel of a workbook only makes it even more simple in its use.
  • Formatting the document to make it printer friendly is a cinch. The final printed product is very sleek and printer friendly.
  • I use Data collection feature which lets other groups populate different sections of the document for which they have responsibility. For instance, the Treasury group fills out all debt related information. The Stock compensation related information is filled by the controller's group, etc.
  • Customer Service is one of the best features of Wdesk. Support is right here in the USA and I always can count on my Customer Success Manager or in his absence, any other person, from their team, to provide solution when I am in a bind.
Sandhya Chakrapani profile photo

Cons

  • Error Messages. When updating a formula, you may have missed a bracket. Doing something like this can lock up the system for an extensive amount of time, also locking out your peers.
  • Suppressing Zero. Space becomes a real issue as you get more involved in the tool. A lot of times you want to use the system to its full capability, however, run into problems, because of space. It would be great if zero balances did not count against your space.
  • Open source: Because the tool is so open, you can change something in on module, however effect many other things that you never intended too. I would love to see a feature that shows me by changing something a clear picture of all thing i am updating.
Baehan Babakan profile photo
  • While I have been using Data Collection for a few quarters now, I still find it a bit of a hit or miss in that templates don't seem to roll seamlessly. I always have some issues which seem to require an override of sorts.
  • I have also been using the Support Binder feature and while it serves the purpose, I think it can be polished.
Sandhya Chakrapani 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
No score
No answers yet
No answers on this topic

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

I have used all of the above tools in previous companies. I have seen the limitations and what makes each tool shine. I have seen exactly why Anaplan beat the competition, and why the tool is critical for any FP&A team. From the things I mentioned previously, there is no reason I would pick another tool at this time.
Baehan Babakan profile photo
We moved from a third party filer to doing it in house. Have seen demos of products like Active Disclosure, which has come a long way from the beta version I saw and but we are not too far gone with Wdesk for us to evaluate other products.When we first signed up with Webfilings, (former name of Workiva), there were no viable products in the market. I had seen an Oracle product and a beta version of Active Disclosure. It was not hard to see the ease and intuitive-screens, to guide one through the filing process. The excel-like spreadsheets were an added bonus.
Sandhya Chakrapani profile photo

Lines of Business and Business Impact

It has given a direct line of sight for our CFO. He is able to quickly and easily see how the forecast comes together. In previous companies, that did not use Anaplan, top management would have to look at multiple Excel files to see how the forecast came together. In this scenario, they can go to one place to see exactly what assumptions the team uses to make a forecast.
Baehan Babakan 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
  • We have not quantified the ROI but we have definitely saved money and time by switching to Wdesk.
  • By integrating other things we do currently outside of Wdesk, like SOX, we can reap better benefits.
  • We currently use a third party tool for Form 4s etc and this too could be brought into the Wdesk fold.
Sandhya Chakrapani 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/

Wdesk

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