What users are saying about
Top Rated
208 Ratings
8 Ratings
Top Rated
208 Ratings
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Score 8.4 out of 101
8 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 9.1 out of 101

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Likelihood to Recommend

Anaplan

Well Suited
  • Any process that you expect to change frequently.
  • A process within a dynamic environment, such as high tech / the startup world, where you expect significant business process changes.
  • Any process that requires a significant number of collaborators.
  • Any process where you intend for users to update logic with Excel-like formulas.
  • Any process where using Google Docs has failed to accommodate your needs for data integrity.
Less Appropriate
  • Data visualization - Anaplan has capabilities here, but other tools are more focused on this.
  • Data storage - Anaplan is not a data warehouse and has limits on what you can store.
Matthew Kuo 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

BI Standard Reporting

Anaplan
9.1
Wdesk
Customizable dashboards
Anaplan
9.1
Wdesk

Report Output and Scheduling

Anaplan
8.8
Wdesk
Publish to PDF
Anaplan
9.1
Wdesk
Report Versioning
Anaplan
9.1
Wdesk
Report Delivery Scheduling
Anaplan
8.2
Wdesk

Mobile Capabilities

Anaplan
5.5
Wdesk
Responsive Design for Web Access
Anaplan
5.5
Wdesk

Budgeting, Planning, and Forecasting

Anaplan
7.5
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
7.7
Wdesk

Consolidation and Close

Anaplan
6.6
Wdesk
Financial data consolidation
Anaplan
7.8
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
7.3
Wdesk
Detailed Audit Trails
Anaplan
6.3
Wdesk

FInancial Reporting and Compliance

Anaplan
7.7
Wdesk
Financial Statement Reporting
Anaplan
7.1
Wdesk
Management Reporting
Anaplan
8.3
Wdesk
Excel-based Reporting
Anaplan
6.9
Wdesk
Automated board and financial reporting
Anaplan
8.3
Wdesk

Analytics

Anaplan
6.7
Wdesk
Personalized dashboards
Anaplan
5.5
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
7.5
Wdesk
Benchmarking with external data
Anaplan
7.1
Wdesk

Integration

Anaplan
8.3
Wdesk
Flat file integration
Anaplan
8.4
Wdesk
Excel data integration
Anaplan
8.3
Wdesk
Direct links to 3rd-party data sources
Anaplan
8.2
Wdesk

Governance, Risk & Compliance

Anaplan
Wdesk
9.5
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

  • Real - time - the cloud based technology allows all changes & its impact is visible in real time.
Szilvia Havasreti profile photo
  • The biggest strength of the program for our team is that multiple users can work in the document at the same time. Multiple users can be in the program updating financial statements, footnotes, MD&A - all without stepping on each other's toes.
  • Rolling forward the documents from one period to the next is pretty simple. Links to source documents are maintained and new ones can be added without much hassle.
  • Edits and changes can be made right up until the last minute before filing. There is no waiting period or pencils-down period unless we enforce one ourselves - the Financial Reporting team is in control of the timing of our filings.
Erin Crossland profile photo

Cons

  • Performance - in the case of complex business cases, the size of Anaplan is increasing drastically, and even a simple click would take more than it should.
  • UI - The User interface needs to be improved: group/expand hierarchy, "Ctrl " + select option to allow multi selection, Content page clean up, easier "Drag & drop" when customizing or building exports.
  • Review & enhance the type of security user roles.
Szilvia Havasreti profile photo
  • The links to source data and XBRL tags cannot be maintained if you cut a section of one footnote and paste it into another footnote. This function does exist if you want to COPY and paste - but if you want to cut a section out of a footnote and paste it into a different one, you'll have to re-link the text to source data and re-add the XBRL tags.
  • Once your links have been created in a footnote, you can't remove multiple links at the same time. So if you want to remove an entire paragraph that has already been linked and tagged from a footnote, you'll have to go into that paragraph and manually delete each link before you can delete the paragraph.
Erin Crossland 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

Anaplan8.1
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
No score
No answers yet
No answers on this topic

Alternatives Considered

During the selection process at the end of 2012, we were thinking of Excel as the main tool, or an in-house software built by ourselves, however, this would have taken us ages, so we checked what is available on the market. Anaplan was a small start-up at that time, but it helped us to ensure we can customize the software to our needs.
Szilvia Havasreti profile photo
I liked Merrill Bridge and Wdesk. I'd be happy with either one, as both have a user interface that's simple for seasoned users of the Microsoft suite of products. We use Wdesk because there's a large network of Wdesk users in this community, there are lots of training resources available online and in-person, and all of the departments in the company like the program.
Erin Crossland 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
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're saving money by bringing the XBRL tagging function in-house instead of outsourcing that.
  • We're using the built-in access security features to automate as many of our internal controls as possible.
Erin Crossland 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