What users are saying about
213 Ratings
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Score 8.5 out of 101
24 Ratings
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Score 8.8 out of 101

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

Workday Financial Management

Workday is a very innovative platform that offers plenty of options and resources to its users in their daily lives. I have used Workday in three of the organizations I have worked in the past for. I am also a current user of Workday through my employer. Workday is best suitable for any retail or customer-facing environments. More and more companies are using Workday to even have strong candidates apply for a job. This helps them navigate their way through a platform that they will be using in the near future.
Zahra Najib profile photo

Feature Rating Comparison

BI Standard Reporting

Anaplan
7.2
Workday Financial Management
Customizable dashboards
Anaplan
7.2
Workday Financial Management

Report Output and Scheduling

Anaplan
8.0
Workday Financial Management
Publish to PDF
Anaplan
8.3
Workday Financial Management
Report Versioning
Anaplan
8.3
Workday Financial Management
Report Delivery Scheduling
Anaplan
7.3
Workday Financial Management

Mobile Capabilities

Anaplan
6.9
Workday Financial Management
Responsive Design for Web Access
Anaplan
6.9
Workday Financial Management

Budgeting, Planning, and Forecasting

Anaplan
8.4
Workday Financial Management
Long-term financial planning
Anaplan
7.8
Workday Financial Management
Financial budgeting
Anaplan
8.7
Workday Financial Management
Forecasting
Anaplan
8.8
Workday Financial Management
Scenario modeling
Anaplan
8.3
Workday Financial Management
Management reporting
Anaplan
8.3
Workday Financial Management

Consolidation and Close

Anaplan
7.1
Workday Financial Management
Financial data consolidation
Anaplan
8.6
Workday Financial Management
Journal entries and reports
Anaplan
7.3
Workday Financial Management
Multi-currency management
Anaplan
6.2
Workday Financial Management
Intercompany Eliminations
Anaplan
6.0
Workday Financial Management
Minority Ownership
Anaplan
6.0
Workday Financial Management
Local and consolidated reporting
Anaplan
8.1
Workday Financial Management
Detailed Audit Trails
Anaplan
7.6
Workday Financial Management

FInancial Reporting and Compliance

Anaplan
8.0
Workday Financial Management
Financial Statement Reporting
Anaplan
9.2
Workday Financial Management
Management Reporting
Anaplan
8.8
Workday Financial Management
Excel-based Reporting
Anaplan
5.3
Workday Financial Management
Automated board and financial reporting
Anaplan
8.6
Workday Financial Management

Analytics

Anaplan
6.9
Workday Financial Management
Personalized dashboards
Anaplan
6.6
Workday Financial Management
Color-coded scorecards
Anaplan
7.1
Workday Financial Management
KPIs
Anaplan
7.0
Workday Financial Management
Cost and profitability analysis
Anaplan
7.0
Workday Financial Management
Key Performance Indicator setting
Anaplan
6.9
Workday Financial Management
Benchmarking with external data
Anaplan
7.1
Workday Financial Management

Integration

Anaplan
8.3
Workday Financial Management
Flat file integration
Anaplan
8.8
Workday Financial Management
Excel data integration
Anaplan
7.5
Workday Financial Management
Direct links to 3rd-party data sources
Anaplan
8.7
Workday Financial Management

Payroll Management

Anaplan
Workday Financial Management
8.5
Pay calculation
Anaplan
Workday Financial Management
8.5
Benefit plan administration
Anaplan
Workday Financial Management
8.5
Direct deposit files
Anaplan
Workday Financial Management
8.5
Salary revision and increment management
Anaplan
Workday Financial Management
8.5
Reimbursement management
Anaplan
Workday Financial Management
8.5

Customization

Anaplan
Workday Financial Management
8.0
API for custom integration
Anaplan
Workday Financial Management
8.0
Plug-ins
Anaplan
Workday Financial Management
8.0

Security

Anaplan
Workday Financial Management
9.5
Single sign-on capability
Anaplan
Workday Financial Management
9.5
Role-based user permissions
Anaplan
Workday Financial Management
9.5

Reporting & Analytics

Anaplan
Workday Financial Management
8.7
Dashboards
Anaplan
Workday Financial Management
8.5
Standard reports
Anaplan
Workday Financial Management
9.0
Custom reports
Anaplan
Workday Financial Management
8.5

General Ledger and Configurable Accounting

Anaplan
Workday Financial Management
8.6
Accounts payable
Anaplan
Workday Financial Management
9.0
Accounts receivable
Anaplan
Workday Financial Management
9.0
Expense management
Anaplan
Workday Financial Management
8.0
Global Financial Support
Anaplan
Workday Financial Management
8.0
Primary and Secondary Ledgers
Anaplan
Workday Financial Management
8.0
Intercompany Accounting
Anaplan
Workday Financial Management
8.0
Localizations
Anaplan
Workday Financial Management
8.0
Journals and Reconciliations
Anaplan
Workday Financial Management
9.0
Configurable Accounting
Anaplan
Workday Financial Management
9.0
Centralized Rules Framework
Anaplan
Workday Financial Management
9.0
Standardized Processes
Anaplan
Workday Financial Management
9.0

Order Management

Anaplan
Workday Financial Management
10.0
Credit card processing
Anaplan
Workday Financial Management
10.0

Pros

Anaplan

  • Simultaneous data editing by several departments.
  • Large data calculation.
  • Agile access anywhere if you have Internet access.
Максим Шилиманов profile photo

Workday Financial Management

  • We specically wanted a cloud financial management system that we could use in China and communicate reports to the headquarters organization and roll-up reporting. It performs well.
  • It was reasonably priced since we are not a for-profit company and need the Workday flexibility for finance and accounting operations. Most of our requirements are met with this one system.
  • The system worked efficiently with the additional security we built on to keep confidential. Many reports are ready off-the-shelf or easy to develop, which is a strength.
No photo available

Cons

Anaplan

  • As models get larger, there is definitely some lag in the calculation. This can get annoying for end users when they are using dashboards.
  • Sometimes there is too much flexibility -- can lead to wanting to use Anaplan for things that it wasn't explicitly designed for.
  • Reporting is still limited in some ways, more color options for example would be nice.
Jake Cosenza profile photo

Workday Financial Management

  • We were surprised by the lack of user guides and supporting information for day-to-day users. Granted, we could find this, but our users like guides.
  • The system could improve with contact help and chat functions if you need the answers quickly. We figured this would all have been built in.
  • Quite surprised by the lack of treasury management functionality. SAP and Oracle have it, although their modules are not that comprehensive or user friendly.
No photo available

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 profile photo

Workday Financial Management

No score
No answers yet
No answers on this topic

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 profile photo

Workday Financial Management

No score
No answers yet
No answers on this topic

Reliability and Availability

Anaplan

Anaplan 10.0
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

Workday Financial Management

No score
No answers yet
No answers on this topic

Performance

Anaplan

Anaplan 9.0
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

Workday Financial Management

No score
No answers yet
No answers on this topic

Support

Anaplan

Anaplan 8.1
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

Workday Financial Management

No score
No answers yet
No answers on this topic

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 profile photo

Workday Financial Management

No score
No answers yet
No answers on this topic

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 profile photo

Workday Financial Management

No score
No answers yet
No answers on this topic

Implementation

Anaplan

Anaplan 6.7
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

Workday Financial Management

No score
No answers yet
No answers on this topic

Alternatives Considered

Anaplan

It made sense to use Anaplan as it had already been built up by our sales and supply chain teams.
Sharon Kam profile photo

Workday Financial Management

  • It is a simple and intuitive solution that can be customized for your specific needs.
  • It unifies HR and finance, giving you predictive analytics, real-time insights, and global visibility.
  • It offers a single version of the tool to meet the requirements of diverse companies.
  • It integrates seamlessly with a large number of business apps and systems.
Zahra Najib profile photo

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 profile photo

Workday Financial Management

No score
No answers yet
No answers on this topic

Return on Investment

Anaplan

  • I'm sure the impact is positive. We have streamlined many processes and created capacity for our finance team.
  • It's great to have "one source of truth" and know that everyone is looking at the same metrics.
Kelley Haghighi profile photo

Workday Financial Management

  • As a new starup affiliate five years ago, we did not have a huge budget. The ROI was met relatively quickly, no surprises here.
  • With minimal consulting assistance, this made the implementation cost reasonable, if any software implementation could be considered reasonable.
  • It was a risk to implement Workday Financial Management in one country but we did leverage it with HCM in the states.
No photo available

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/

Workday Financial Management

General

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

Add comparison