What users are saying about
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Top Rated
362 Ratings

Anaplan

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Top Rated
362 Ratings
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Score 8.9 out of 100
Top Rated
298 Ratings
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Score 8.3 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.

Feature Set Ratings

  • Anaplan ranks higher in 7 feature sets: Ad-hoc Reporting, Report Output and Scheduling, Data Discovery and Visualization, Access Control and Security, Budgeting, Planning, and Forecasting, Analytics and Reporting, Integration
  • Workday Adaptive Planning ranks higher in 4 feature sets: BI Standard Reporting, Mobile Capabilities, Consolidation and Close, Financial Reporting and Compliance

BI Standard Reporting

7.6

Anaplan

76%
9.3

Workday Adaptive Planning

93%
Workday Adaptive Planning ranks higher in 3/3 features

Pixel Perfect reports

6.4
64%
1 Rating
9.0
90%
1 Rating

Customizable dashboards

8.7
87%
105 Ratings
10.0
100%
1 Rating

Report Formatting Templates

N/A
0 Ratings
9.0
90%
1 Rating

Ad-hoc Reporting

8.4

Anaplan

84%
8.0

Workday Adaptive Planning

80%
Anaplan ranks higher in 2/4 features

Drill-down analysis

8.6
86%
2 Ratings
9.0
90%
1 Rating

Formatting capabilities

8.2
82%
2 Ratings
7.0
70%
1 Rating

Report sharing and collaboration

8.2
82%
2 Ratings
8.0
80%
1 Rating

Integration with R or other statistical packages

N/A
0 Ratings
8.0
80%
1 Rating

Report Output and Scheduling

8.5

Anaplan

85%
8.0

Workday Adaptive Planning

80%
Anaplan ranks higher in 4/4 features

Publish to Web

9.1
91%
1 Rating
N/A
0 Ratings

Publish to PDF

8.2
82%
107 Ratings
8.0
80%
1 Rating

Report Versioning

8.5
85%
93 Ratings
8.0
80%
1 Rating

Report Delivery Scheduling

8.3
83%
3 Ratings
8.0
80%
1 Rating

Data Discovery and Visualization

8.0

Anaplan

80%
7.7

Workday Adaptive Planning

77%
Anaplan ranks higher in 2/3 features

Pre-built visualization formats (heatmaps, scatter plots etc.)

8.6
86%
2 Ratings
7.0
70%
1 Rating

Location Analytics / Geographic Visualization

8.2
82%
2 Ratings
8.0
80%
1 Rating

Predictive Analytics

7.3
73%
2 Ratings
8.0
80%
1 Rating

Access Control and Security

9.2

Anaplan

92%
9.0

Workday Adaptive Planning

90%
Anaplan ranks higher in 4/4 features

Multi-User Support (named login)

9.1
91%
2 Ratings
9.0
90%
1 Rating

Role-Based Security Model

9.4
94%
108 Ratings
9.0
90%
1 Rating

Multiple Access Permission Levels (Create, Read, Delete)

9.1
91%
2 Ratings
9.0
90%
1 Rating

Single Sign-On (SSO)

9.1
91%
2 Ratings
N/A
0 Ratings

Mobile Capabilities

7.7

Anaplan

77%
8.5

Workday Adaptive Planning

85%
Workday Adaptive Planning ranks higher in 2/3 features

Responsive Design for Web Access

8.6
86%
98 Ratings
8.0
80%
1 Rating

Mobile Application

7.4
74%
81 Ratings
8.0
80%
1 Rating

Dashboard / Report / Visualization Interactivity on Mobile

7.6
76%
91 Ratings
10.0
100%
1 Rating

Budgeting, Planning, and Forecasting

8.9

Anaplan

89%
8.8

Workday Adaptive Planning

88%
Anaplan ranks higher in 4/5 features

Long-term financial planning

9.1
91%
185 Ratings
8.7
87%
150 Ratings

Financial budgeting

9.3
93%
189 Ratings
8.9
89%
160 Ratings

Forecasting

9.3
93%
200 Ratings
9.2
92%
155 Ratings

Scenario modeling

9.1
91%
201 Ratings
8.4
84%
148 Ratings

Management reporting

7.8
78%
199 Ratings
8.8
88%
160 Ratings

Consolidation and Close

7.0

Anaplan

70%
7.9

Workday Adaptive Planning

79%
Workday Adaptive Planning ranks higher in 5/7 features

Financial data consolidation

8.2
82%
150 Ratings
8.8
88%
94 Ratings

Journal entries and reports

7.2
72%
116 Ratings
8.2
82%
62 Ratings

Multi-currency management

6.2
62%
11 Ratings
7.7
77%
73 Ratings

Intercompany Eliminations

6.0
60%
8 Ratings
7.7
77%
54 Ratings

Minority Ownership

6.0
60%
7 Ratings
7.5
75%
29 Ratings

Local and consolidated reporting

8.1
81%
140 Ratings
7.9
79%
86 Ratings

Detailed Audit Trails

7.4
74%
148 Ratings
7.3
73%
108 Ratings

Financial Reporting and Compliance

8.3

Anaplan

83%
8.5

Workday Adaptive Planning

85%
Workday Adaptive Planning ranks higher in 4/5 features

Financial Statement Reporting

8.1
81%
162 Ratings
8.7
87%
134 Ratings

Management Reporting

8.2
82%
173 Ratings
8.4
84%
147 Ratings

Excel-based Reporting

7.9
79%
159 Ratings
9.0
90%
146 Ratings

Automated board and financial reporting

9.0
90%
13 Ratings
8.5
85%
126 Ratings

XBRL support for regulatory filing

N/A
0 Ratings
8.0
80%
24 Ratings

Analytics and Reporting

8.7

Anaplan

87%
8.3

Workday Adaptive Planning

83%
Anaplan ranks higher in 4/6 features

Personalized dashboards

8.9
89%
199 Ratings
8.3
83%
105 Ratings

Color-coded scorecards

8.6
86%
183 Ratings
8.0
80%
85 Ratings

KPIs

8.1
81%
19 Ratings
8.7
87%
99 Ratings

Cost and profitability analysis

8.6
86%
162 Ratings
8.7
87%
103 Ratings

Key Performance Indicator setting

9.0
90%
172 Ratings
8.4
84%
87 Ratings

Benchmarking with external data

8.7
87%
13 Ratings
8.0
80%
59 Ratings

Integration

8.8

Anaplan

88%
8.2

Workday Adaptive Planning

82%
Anaplan ranks higher in 3/3 features

Flat file integration

9.3
93%
198 Ratings
8.4
84%
109 Ratings

Excel data integration

8.7
87%
184 Ratings
7.9
79%
136 Ratings

Direct links to 3rd-party data sources

8.4
84%
163 Ratings
8.3
83%
103 Ratings

Attribute Ratings

  • Anaplan is rated higher in 4 areas: Likelihood to Recommend, Usability, Availability, Support Rating
  • Workday Adaptive Planning is rated higher in 2 areas: Likelihood to Renew, In-Person Training
  • Anaplan and Workday Adaptive Planning are tied in 4 areas: Performance, Online Training, Implementation Rating, Product Scalability

Likelihood to Recommend

9.1

Anaplan

91%
214 Ratings
8.8

Workday Adaptive Planning

88%
193 Ratings

Likelihood to Renew

8.8

Anaplan

88%
6 Ratings
9.1

Workday Adaptive Planning

91%
34 Ratings

Usability

9.0

Anaplan

90%
4 Ratings
8.7

Workday Adaptive Planning

87%
95 Ratings

Availability

9.1

Anaplan

91%
3 Ratings
6.4

Workday Adaptive Planning

64%
20 Ratings

Performance

9.1

Anaplan

91%
3 Ratings
9.1

Workday Adaptive Planning

91%
10 Ratings

Support Rating

9.1

Anaplan

91%
6 Ratings
8.0

Workday Adaptive Planning

80%
42 Ratings

In-Person Training

3.0

Anaplan

30%
1 Rating
8.2

Workday Adaptive Planning

82%
1 Rating

Online Training

9.1

Anaplan

91%
2 Ratings
9.1

Workday Adaptive Planning

91%
7 Ratings

Implementation Rating

9.1

Anaplan

91%
25 Ratings
9.1

Workday Adaptive Planning

91%
45 Ratings

Product Scalability

9.1

Anaplan

91%
2 Ratings
9.1

Workday Adaptive Planning

91%
8 Ratings

Likelihood to Recommend

Anaplan

Depending on the specific requirements there are areas in which some tools perform better than others or are more adequate than others. For example, Anaplan doesn’t offer the on-premises solution being a natively cloud SaaS; instead, Anaplan allows real-time calculations and refresh of the entire model with the possibility to fully drill down the results. Therefore, a preliminary software selection would be desirable to select the software that best fits the requirements. Anaplan is capable to support and connect very well any planning process, instead, it is not the most appropriate tool for use cases like detailed transactions storage.
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

Compassion as a Non Profit provides funds to partners for Child Support. Workday Adaptive Planning can help the Partner to Provide the expense information monthly so their fund allocation can be approved for disbursement. This way the Field Officers do not have to collect the data in excel for review and approval before loading it into the current system before disbursement is done.
Fidel Botchway | TrustRadius Reviewer

Pros

Anaplan

  • Flexibility - the tool can be built the suite the company's needs. It allows for maximum customization for even the most complex business models.
  • Data Integrations - the tool has the ability to connect to many different data sources so that data can be passed seamlessly.
  • Connected Planning - the tool allows for teams across the organization to pass information and data back and forth between models, enhancing the ability to do connected planning
Anonymous | 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

  • Considering a collaborative platform, workflow features need to be more sophisticated to handle event-based triggers.
  • ALM governance is tedious in multiple developers set up, as it does not allow to migrate changes by each developer rather forces to migrate at a model level that includes all changes by all developers.
  • Reporting ability is still limited, many times dependency on other reporting tools is unavoidable.
  • Time referencing (e.g. default today's date) is not possible without engaging an integration interface.
  • NUX pages are rich in features but building pages for DEV/UAT and PROD are not straightforward.
Bikash R Shil | 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

Pricing Details

Anaplan

General

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

Starting Price

Workday Adaptive Planning

General

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

Starting Price

$15,000 per license

Likelihood to Renew

Anaplan

Anaplan 8.8
Based on 6 answers
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.
Alexander Denchev | 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 9.0
Based on 4 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 8.7
Based on 95 answers
Workday Adaptive Planning has detailed online help with both articles and videos that are comprehensive. It has a lot of similarities to Excel, which most finance people are already familiar with, plus the user interface is intuitive and easy to pick up. The online support team is quick to respond and very knowledgeable.
Marvin Hartsfield | TrustRadius Reviewer

Reliability and Availability

Anaplan

Anaplan 9.1
Based on 3 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 9.1
Based on 3 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 6 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 8.0
Based on 42 answers
Whenever we have had any questions, issues, or concerns, the support has been quick and thorough. [This] allow[s] us to be able to fully resolve any issues, or be connected with the right group quickly to attain the result we were after; be it from simple formatting to adding new detailed reporting.
Dmitry Zaichenko, MBA | 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 9.1
Based on 2 answers
Learning made easy . One of the best trainings i have attended. Training was very detailed training by the trainer, which helped me understand the basics of the model building. Level 1 training was easy and instructor was most helpful here. Level 2 training was challenging but was able to go thru due to understanding of the basics.
Sai Bandaru | 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 9.1
Based on 25 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

Anaplan works well where you have a requirement for complete flexibility, such as in business structure, or in calculation methodology that is bespoke. You can tailor the system to your exact requirements, whereas some products come with pre-built modules that you might struggle to do certain things with. All in all [it] depends on the business requirements as there is a different tool for a different job. Anaplan succeeds in being a very strong all [arounder].
Anonymous | 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 9.1
Based on 2 answers
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

  • The agile implementation methodology used to deploy the system has helped our clients to use and realize the benefits of the system right from the early stages of the implementation.
  • The system can be easily managed and maintained by the end users reducing dependency on IT teams and making business more self-sufficient.
Pavan Kiran Bellamkonda | 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

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