Anaplan vs Workday Financial Management

• Modeling is next level in Anaplan. With a background deep in Excel modeling and the frustrations that come along with it, Anaplan is a breath of fresh air and is actually fun to build and model in.
• Dashboarding and synchronization. The synchronization feature in Anaplan is one of the greatest things ever. As its core Anaplan models are built around hierarchical lists and dimensions and using similar dimensions in dashboards allows you to synchronize to different views of the same data with simple clicks around a dashboard. It makes reporting and BI extremely user friendly and flexible.
• Its fast. If you had the same exact model in Excel and Anaplan. That model in Excel would be like riding and old bike with under-inflated tires, while Anaplan would be like driving a Tesla in Ludicrous mode. The ability to have your entire business modeled on a single platform, potentially across multiple models, where when you make a change the entire model updates within seconds, is invaluable in making decisions.

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• 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.

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• Error handling can be annoying. A single formula error can lock up your model for 2-5 minutes while it reverts back to before you pressed enter, and while its improved a little in the year I've been using Anaplan, there are certain situations where I feel like it could be eliminated or made more efficient.
• Time subsets would be really nice.

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• 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.

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• 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

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• 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.

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