What users are saying about
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Top Rated
237 Ratings
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Top Rated
270 Ratings

Anaplan

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Top Rated
237 Ratings
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Score 8.8 out of 100

Workday Adaptive Planning

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270 Ratings
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Score 8.6 out of 100

Highlights

Anaplan and Workday Adaptive Planning are both Corporate Performance Management products focused on budgeting and financial planning. However, they are most commonly used in different market segments, and are ideal at different points in businesses’ growth and development. 

Adaptive Planning, recently acquired by Workday, is most commonly used by midsize companies. The CPM tool integrates natively with the Workday HCM platform and is designed to help data flow smoothly from HR to finance and accounting processes in a unified system. Anaplan is more enterprise-focused, with a heavier focus on traditional CPM capabilities like financial process management and reporting. 

Features

Anaplan and Workday Adaptive Planning both provide advantages for their users. 

Anaplan’s capabilities are scaled to enhance enterprises’ financial performance management. Reviewers highlight the platform’s flexibility and adaptability to business process and data structure changes. This customization is designed to help enterprises be more flexible and better absorb business changes. Anaplan also allows for a large number of different users on the platform for excellent collaboration support.

Workday stands out for its support for midsize and growing companies, particularly those who have outgrown their Excel-based financial processes. Its Office Connect feature creates a familiar and accessible experience for professionals used to Excel-based financial processes and reporting without adding on a substantial training curve. For those who do require additional training, the Adaptive Learning Center provides a host of self-service resources for training and development. 

Limitations

Anaplan and Workday Adaptive Planning also have certain limitations worth considering. 

Anaplan lacks some of the support that users look for from CPM vendors. In particular, some reviewers have found a lack of training materials when adopting and training on the platform. It also is limited as a standalone data warehouse for financial data. 

In contrast, Adaptive Planning reviewers have had issues with post-implementation flexibility in some areas. One area of note is the platform’s web-based reporting capabilities, which are more limited than on-premise features. Additionally, Office Connect is not a one-to-one match with Excel in terms of processes and functions, so there is still a learning curve and change management necessary when transitioning away from Excel. 

Pricing

Anaplan provides 3 different packages, all priced by custom quote from the vendor. The Basic plan includes core CPM capabilities around model building, dashboarding, and Microsoft Office integrations. The Professional plan adds on Application Lifecycle Managament and Auditing support, as well as DocuSign and additional support features as add-ons. The Enterprise plan provides all of the features beyond Bring Your Own Key, including an Informatica iPaaS license and additional computational power. 

Workday Adaptive Planning offers two packages, each priced by quote from the vendor. The Standard package includes all the core features and capabilities, while the Enterprise package adds on unlimited storage, additional automation, and sandboxing. Workday also offers 3 license types, a Full Seat, or admins, which cost the most, Contributors, which are standard users, and Viewers, which can access data but not make changes.

Likelihood to Recommend

Anaplan

Anaplan is great for collaborative planning and complex business models that require frequent updates and quick feedback. Ease of use, ease of development, deployment & maintenance accelerates business adoptionIt's not a great reporting or analytics tool. Limited model sizes limit the capability to capture large data sets and need for Data Warehouse for plan over plan & historic analysis and reporting
Rama Narravula | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning is extremely well suited to the typical finance budget, forecast, actual reporting cycle and makes it easy to do every monthly forecast at the same level of detail as an annual plan. It takes a lot of pain out of the reconciliation of headcount variances and that type of thing.
Marvin Hartsfield | TrustRadius Reviewer

Feature Rating Comparison

BI Standard Reporting

Anaplan
7.8
Workday Adaptive Planning
9.3
Customizable dashboards
Anaplan
7.8
Workday Adaptive Planning
10.0
Pixel Perfect reports
Anaplan
Workday Adaptive Planning
9.0
Report Formatting Templates
Anaplan
Workday Adaptive Planning
9.0

Report Output and Scheduling

Anaplan
8.0
Workday Adaptive Planning
8.0
Publish to PDF
Anaplan
8.5
Workday Adaptive Planning
8.0
Report Versioning
Anaplan
7.6
Workday Adaptive Planning
8.0
Report Delivery Scheduling
Anaplan
7.9
Workday Adaptive Planning
8.0

Access Control and Security

Anaplan
9.0
Workday Adaptive Planning
9.0
Role-Based Security Model
Anaplan
9.0
Workday Adaptive Planning
9.0
Multi-User Support (named login)
Anaplan
Workday Adaptive Planning
9.0
Multiple Access Permission Levels (Create, Read, Delete)
Anaplan
Workday Adaptive Planning
9.0

Mobile Capabilities

Anaplan
7.3
Workday Adaptive Planning
8.5
Responsive Design for Web Access
Anaplan
8.3
Workday Adaptive Planning
8.0
Dedicated iOS Application
Anaplan
6.7
Workday Adaptive Planning
8.0
Dedicated Android Application
Anaplan
7.2
Workday Adaptive Planning
8.0
Dashboard / Report / Visualization Interactivity on Mobile
Anaplan
6.8
Workday Adaptive Planning
10.0

Budgeting, Planning, and Forecasting

Anaplan
8.6
Workday Adaptive Planning
8.8
Long-term financial planning
Anaplan
8.5
Workday Adaptive Planning
8.5
Financial budgeting
Anaplan
9.0
Workday Adaptive Planning
9.3
Forecasting
Anaplan
8.8
Workday Adaptive Planning
9.0
Scenario modeling
Anaplan
9.1
Workday Adaptive Planning
8.8
Management reporting
Anaplan
8.0
Workday Adaptive Planning
8.6

Consolidation and Close

Anaplan
6.9
Workday Adaptive Planning
8.4
Financial data consolidation
Anaplan
8.8
Workday Adaptive Planning
9.6
Journal entries and reports
Anaplan
7.1
Workday Adaptive Planning
7.7
Multi-currency management
Anaplan
6.2
Workday Adaptive Planning
8.9
Intercompany Eliminations
Anaplan
6.0
Workday Adaptive Planning
8.3
Minority Ownership
Anaplan
6.0
Workday Adaptive Planning
8.1
Local and consolidated reporting
Anaplan
8.0
Workday Adaptive Planning
9.0
Detailed Audit Trails
Anaplan
6.5
Workday Adaptive Planning
7.3

Financial Reporting and Compliance

Anaplan
8.2
Workday Adaptive Planning
8.6
Financial Statement Reporting
Anaplan
8.8
Workday Adaptive Planning
9.4
Management Reporting
Anaplan
8.1
Workday Adaptive Planning
8.2
Excel-based Reporting
Anaplan
7.0
Workday Adaptive Planning
8.6
Automated board and financial reporting
Anaplan
9.0
Workday Adaptive Planning
8.5
XBRL support for regulatory filing
Anaplan
Workday Adaptive Planning
8.4

Analytics

Anaplan
8.3
Workday Adaptive Planning
8.7
Personalized dashboards
Anaplan
9.0
Workday Adaptive Planning
8.1
Color-coded scorecards
Anaplan
8.1
Workday Adaptive Planning
8.4
KPIs
Anaplan
8.0
Workday Adaptive Planning
8.6
Cost and profitability analysis
Anaplan
8.7
Workday Adaptive Planning
9.1
Key Performance Indicator setting
Anaplan
8.8
Workday Adaptive Planning
8.6
Benchmarking with external data
Anaplan
7.0
Workday Adaptive Planning
9.4

Integration

Anaplan
8.3
Workday Adaptive Planning
8.5
Flat file integration
Anaplan
8.6
Workday Adaptive Planning
9.1
Excel data integration
Anaplan
7.8
Workday Adaptive Planning
8.2
Direct links to 3rd-party data sources
Anaplan
8.4
Workday Adaptive Planning
8.1

Ad-hoc Reporting

Anaplan
Workday Adaptive Planning
8.0
Drill-down analysis
Anaplan
Workday Adaptive Planning
9.0
Formatting capabilities
Anaplan
Workday Adaptive Planning
7.0
Integration with R or other statistical packages
Anaplan
Workday Adaptive Planning
8.0
Report sharing and collaboration
Anaplan
Workday Adaptive Planning
8.0

Data Discovery and Visualization

Anaplan
Workday Adaptive Planning
7.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
Anaplan
Workday Adaptive Planning
7.0
Location Analytics / Geographic Visualization
Anaplan
Workday Adaptive Planning
8.0
Predictive Analytics
Anaplan
Workday Adaptive Planning
8.0

Pros

Anaplan

  • Allows the business to link different planning streams into one place
  • Gives users a single source to view data, no more comparing offline templates in excel
  • Intuitive new UX that allows us to be more customizable when tailoring to needs of end-users
Scott Eckman | TrustRadius Reviewer

Workday Adaptive Planning

  • Version Management. Adaptive lets us manage many versions/scenarios all in one platform with the robust ability to compare them to each other.
  • Processing Performance. With the Elastic Hypercube technology that was implemented a few years back, we can watch changes flow through a complex web of formulas and arrive at an answer within seconds.
  • Audit Trail. Our administrators love the ability to see and report on who made what changes when, which leads to real accountability within the organization.
Warren Sampson | TrustRadius Reviewer

Cons

Anaplan

  • Enablement -- Anaplan should invest more in both its training capability and training content. Anaplan is not the most difficult tool to learn, but having more foundation in this area would make the ramp-up process significantly easier
  • Storage -- Anaplan is not a data warehouse. This is understandable given data warehousing is not their primary value proposition, but many times we run close to the storage limits of Anaplan, and it would be great if Anaplan had different storage size options for its workspaces.
  • User Interface -- Anaplan's user interface could be streamlined and improved to become more intuitive and accommodate more shortcut keys.
Matthew Kuo | TrustRadius Reviewer

Workday Adaptive Planning

  • It would be beneficial to me, as a user, if there was a library of documentation for every type of feature. This could be something regarding formula building, understanding how attributes work, with examples, or a location for basic and advance documentation on Sheet/Model/Cubes.
  • I would like to have the ability to directly assign some dimensions to accounts easier. A drag and drop feature for that would be interesting. This has been a challenge for me when new dimensions are built and I am unable to assign them to new accounts.
  • I would also like to see some more formulas or an easier way to do some basic tasks. For example a simple YTD function instead of running a simple, yet long string of texts for the formulas. Or the option for selecting YTD features, removing the need of the formula all together.
Anonymous | TrustRadius Reviewer

Likelihood to Renew

Anaplan

Anaplan 8.2
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 | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 34 answers
The tools is powerful for planning and reporting purposes, but also very easy to use for non-financial end-users. Team members have expressed how happy they are with the application and the ability we've given them to make their work lives more efficient.
Brad MacDonald | TrustRadius Reviewer

Usability

Anaplan

Anaplan 8.2
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 | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.2
Based on 95 answers
We have users in all parts of the business that have access. [Even those who] are not financial individuals love the ease of use while being able to drill down and clearly understand what is happening in their department. All levels of the organization find Workday Adaptive Planning useful for both executive level reporting, financial reviews as well as detailed planning by multiple users.
Dmitry Zaichenko, MBA | TrustRadius Reviewer

Reliability and Availability

Anaplan

Anaplan 10.0
Based on 2 answers
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 | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 6.4
Based on 20 answers
There haven't been any lately. The only one issue I can think of is when there was an update in Adaptive that altered our reports. Before I realized there was an issue, Adaptive reached out to let me know, so that it could be fixed.
Anonymous | TrustRadius Reviewer

Performance

Anaplan

Anaplan 9.0
Based on 2 answers
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 | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 10 answers
All aspects of Adaptive Insights perform well. One area that I wish was quicker was integration. When importing data from Intacct our accounting ERP platform, it can sometimes take 4 hours for the import to process. The earlier imports are done, the quicker they complete. My estimate for a quick upload is about two hours.
Jaynee Tolle | TrustRadius Reviewer

Support Rating

Anaplan

Anaplan 9.1
Based on 5 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 | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 8.3
Based on 42 answers
The online support for Workday Adaptive Planning is very helpful. I go there at least once a week to find answers to questions and they’re usually very easy to find. If i’m unsuccessful in finding the answer, I email Workday Adaptive Planning support and they’re quick to answer, willing to help, and provide great clarity on the answer if you need it.
Anonymous | TrustRadius Reviewer

In-Person Training

Anaplan

Anaplan 3.0
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 | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 8.2
Based on 1 answer
Our 3rd party vendor walked us through the whole process and was available for questions after we started using the Adaptive Insights. I would suggest using the online training environment plus an individual walk through of your company's model to get more acquainted with the instance. There were also on-line tutorials to help us along the way.
Jaynee Tolle | TrustRadius Reviewer

Online Training

Anaplan

Anaplan 5.0
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 | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 7 answers
The training program in Adaptive Insight has grown quite a bit, since I originally implemented in Adaptive Insights. I would now give it a 10 rating and suggest that anyone implementing for the first time work through the certification program. The certification program is a very detailed in depth primer to understanding how the system works.
Jaynee Tolle | TrustRadius Reviewer

Implementation Rating

Anaplan

Anaplan 6.7
Based on 24 answers
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.
Steve Ridgley | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 45 answers
In our experience the Adaptive Suite is quick and easy to deploy. Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer. When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget
Greg Clarke | TrustRadius Reviewer

Alternatives Considered

Anaplan

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 | TrustRadius Reviewer

Workday Adaptive Planning

After researching several CPM products, Adaptive and Prophix actually both met our needs quite well. The Adaptive Sales & Design Team went above and beyond in the early stages of exploring whether Adaptive could meet some of our very specific needs. Adaptive's customer service during the exploration phase was noticeably present. We chose Adaptive and a vendor in our local area to implement. Budget Maestro seemed to require more IT resources than what we desired to invest. Vena Solutions was a bit pricey from our perspective and Xlerant didn't quite have what we were looking for in a budgeting tool.
Limin Kinsey, CPA, CFE | TrustRadius Reviewer

Scalability

Anaplan

Anaplan 7.0
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 | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 8 answers
We went from 2 users to 70+ users over a 2 year period of time. The application scaled wonderfully. 65 of those users were non-finance users so they were able to quickly learn the software and prepare budgets quickly and efficiently. That is the power of Adaptive and its ability to scale
Anonymous | TrustRadius Reviewer

Return on Investment

Anaplan

  • Anaplan has been good to plan future fiscal years, by doing the planning in here and seeing the financial impact certain variables can produce it is easier to make decisions within the company such as hiring, eliminating certain costs etc., to achieve the financial results as set in the company goals.
  • Dashboards have been really helpful for the financial executives as very specific data can be analysed and presented in the dashboards focused to specific financial teams, so it is easier to see the actual results and forecasts.
  • On the negative side, since Anaplan is a complex tool to handle, it is better to have a dedicated resource or resources to the handling in Anplan. Regular business analysts could not handle their regular tasks and doing complex configurations in Anaplan without the help of well trained Anaplan resources, extra dedicated resources are needed to work with Anaplan.
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

  • We are seeing more and more how Adaptive can go beyond financial metrics and cross into operational metrics. As we work with other departments in the business, we are working hard to make Adaptive the system of record when it comes to KPI reporting and measuring.
Mark McConkie | TrustRadius Reviewer

Screenshots

Pricing Details

Anaplan

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

Workday Adaptive Planning

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

* per seat, per installation

Rating Summary

Likelihood to Recommend

Anaplan
9.1
Workday Adaptive Planning
8.4

Likelihood to Renew

Anaplan
8.2
Workday Adaptive Planning
9.1

Usability

Anaplan
8.2
Workday Adaptive Planning
9.2

Reliability and Availability

Anaplan
10.0
Workday Adaptive Planning
6.4

Performance

Anaplan
9.0
Workday Adaptive Planning
9.1

Support Rating

Anaplan
9.1
Workday Adaptive Planning
8.3

In-Person Training

Anaplan
3.0
Workday Adaptive Planning
8.2

Online Training

Anaplan
5.0
Workday Adaptive Planning
9.1

Implementation Rating

Anaplan
6.7
Workday Adaptive Planning
9.1

Scalability

Anaplan
7.0
Workday Adaptive Planning
9.1

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