Anaplan drives value in the Office of the CFO
November 04, 2016

Anaplan drives value in the Office of the CFO

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Anaplan

Currently Anaplan is used to help forecast revenue but plans are to use it for other purposes.
Also help clients implement Anaplan for various use cases including FP&A processes (planning, budgeting, forecasting, reporting) and modeling, sales performance management, and operational modeling.

Pros

  • Anaplan is a very flexible modeling tool that can be used in almost any business situation. It is truly a platform for modeling and analysis within an organization.
  • Anaplan can easily be managed and evolved by the business user.
  • Anaplan has good visualization of data and information and processes calculations and updates in real time.

Cons

  • Reporting capabilities need to be enhanced, especially for the FP&A user where structured / formatted reporting is needed.
  • With Anaplan's flexibility comes the potential to lose control of the models and recreate an 'Excel hell' type of situation. I think Anaplan needs to provide more life cycle management tools and capabilities.
Anaplan has a broader use possiblity, real time updates, better modeling capabilities, and ease of use.
Well suited for:
- Financial planning / budgeting / forecasting
- Financial modeling and analysis
- driver based modeling
Not well suited for:
- more accounting level needs (consolidation, regulatory reporting, tax)

Anaplan Feature Ratings

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

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