TrustRadius
stop emailing spreadsheets!
https://www.trustradius.com/corporate-performance-management-cpmAnaplanUnspecified8.1212101
Kelley Haghighi profile photo
April 12, 2016

stop emailing spreadsheets!

Score 10 out of 101
Vetted Review
Verified User
Review Source

Modules Used

  • Anaplan for Finance

Overall Satisfaction with Anaplan

We are using Anaplan across many departments. It's being used for budgeting, forecasting and as a portal for reporting and gathering information. It's a nice way to collect information - no longer a need to consolidate. Data collect is very straightforward, but we also have very complex tiles - like our budgets.
  • Budgeting: we previously used Excel spreadsheets for Anaplan that were uploaded into a planning tool. If we had errors in our underlying tool, we'd have to write fix macros and update 2000+ spreadsheets. With Anaplan, fixes are invisible and there's no more emailing or uploading. It's all real time.
  • Dashboards: we have our dashboards built in Anaplan and have quick drill down capability. We also have security, so it's very easy to secure information.
  • There were issues with Anaplan timing out and forcing us to login again.
  • There's not always the flexibility in reporting -- somethings we dump into Excel and report from Excel.
  • 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.
Our first budget on Anaplan was challenging... probably because we didn't know what we didn't know. As we become more familiar with the tool, we are frequently identifying new applications to consolidate reporting into Anaplan.

Anaplan Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
9
Scenario modeling
5
Management reporting
8
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
Not Rated
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
Not Rated
Personalized dashboards
9
Color-coded scorecards
9
KPIs
8
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
Not Rated
Excel data integration
10
Direct links to 3rd-party data sources
Not Rated