Anaplan vs. TM1
March 29, 2016

Anaplan vs. TM1

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review

Modules Used

  • Anaplan for Finance
  • Anaplan for Sales

Overall Satisfaction with Anaplan

I use Anaplan for sales and resource planning which feeds into the overall financial plan.
  • Easy to learn...good self service training
  • Fast to implement
  • Simple user interface
  • Customizability...company logos and images on dashboards
  • Scalability
  • Time flexibility - ability to have more than one real timescale
  • Quick turnaround
  • Can extend
  • More collaboration and interest
Anaplan is a quick study and people can build and develop models very rapidly where IBM Cognos TM1 can take much longer. Anaplan cannot handle larger dimensions and sparsely populated cubes and is not as customizable as TM1.
Anaplan is well suited for the analyst who is a do-it-yourselfer.

Anaplan Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
6
Management reporting
7
Financial data consolidation
8
Journal entries and reports
7
Multi-currency management
6
Intercompany Eliminations
6
Minority Ownership
6
Local and consolidated reporting
7
Detailed Audit Trails
10
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
7
Automated board and financial reporting
7
Personalized dashboards
10
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
5
Flat file integration
9
Excel data integration
6
Direct links to 3rd-party data sources
4