Anaplan vs. Workday Adaptive Planning
Product | Rating | Most Used By | Product Summary | Starting Price |
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Anaplan | Enterprise companies (1,001+ employees) | Anaplan is a scenario planning and analysis platform designed to optimize decision-making in complex business environments so that enterprises can outpace their competition and the market. By building connections and collaboration across organizational silos, the Anaplan platform surfaces key insights. | N/A | |
Workday Adaptive Planning | Mid-Size Companies (51-1,000 employees) | Workday Adaptive Planning(formerly Adaptive Insights) is a financial planning and reporting tool. It includes automated budgeting and forecasting, financial reporting, and other active planning capabilities, including integrations with third-party products like Salesforce. | N/A |
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Considered Both Products | ![]() Anaplan | Workday Adaptive Planning |
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Highlights |
Research Team Insight Published 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. FeaturesAnaplan 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. LimitationsAnaplan 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. PricingAnaplan 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. |
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Budgeting, Planning, and Forecasting |
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Financial Reporting and Compliance |
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Small Businesses | ![]() IBM Planning Analytics Score 8.3 out of 10 | ![]() IBM Planning Analytics Score 8.3 out of 10 |
Medium-sized Companies | Centage Score 9.5 out of 10 | Centage Score 9.5 out of 10 |
Enterprises | Prophix Score 8.8 out of 10 | Prophix Score 8.8 out of 10 |
All Alternatives | View all alternatives | View all alternatives |
Anaplan | Workday Adaptive Planning | |
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Likelihood to Recommend | 9.0 (336 ratings) | 9.0 (216 ratings) |
Likelihood to Renew | 9.9 (35 ratings) | 7.7 (43 ratings) |
Usability | 8.9 (63 ratings) | 8.9 (122 ratings) |
Availability | 8.7 (7 ratings) | 7.3 (11 ratings) |
Performance | 9.1 (7 ratings) | 9.1 (5 ratings) |
Support Rating | 5.3 (27 ratings) | 8.2 (33 ratings) |
In-Person Training | 8.9 (6 ratings) | 8.2 (2 ratings) |
Online Training | 8.0 (6 ratings) | 7.3 (9 ratings) |
Implementation Rating | 9.0 (27 ratings) | 9.1 (27 ratings) |
Configurability | 9.1 (5 ratings) | 8.2 (5 ratings) |
Contract Terms and Pricing Model | - (0 ratings) | 7.3 (1 ratings) |
Ease of integration | 9.1 (3 ratings) | 7.6 (8 ratings) |
Product Scalability | 9.4 (7 ratings) | 8.4 (12 ratings) |
Professional Services | 9.1 (1 ratings) | 8.2 (1 ratings) |
Vendor post-sale | 8.3 (4 ratings) | 8.2 (4 ratings) |
Vendor pre-sale | 7.2 (4 ratings) | 6.4 (4 ratings) |
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Likelihood to Recommend | ![]() Anaplan
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Pros | ![]() Anaplan
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Cons | ![]() Anaplan
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Likelihood to Renew | ![]() Anaplan
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Usability | ![]() Anaplan
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Reliability and Availability | ![]() Anaplan
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Performance | ![]() Anaplan
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Support Rating | ![]() Anaplan
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In-Person Training | ![]() Anaplan
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Online Training | ![]() Anaplan
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Implementation Rating | ![]() Anaplan
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Alternatives Considered | ![]() Anaplan
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Contract Terms and Pricing Model | ![]() Anaplan No answers on this topic | Workday
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Scalability | ![]() Anaplan
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Professional Services | ![]() Anaplan No answers on this topic | Workday
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Return on Investment | ![]() Anaplan
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ScreenShots | Anaplan Screenshots | Workday Adaptive Planning Screenshots |