Anaplan review from the POV of an FP&A Analyst
April 27, 2017

Anaplan review from the POV of an FP&A Analyst

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Anaplan

Currently Anaplan is used to forecast a full P&L from revenue forecasting down to OPEX, CAPEX, and headcount. Every department has access to Anaplan as it contains their budget and OPEX forecasts. We were able to shrink our monthly variances materially through the use of Anaplan during our monthly variance review meetings with budget owners.
  • Easy to use interface that is similar to the functionality of Excel.
  • Full customization of the platform to provide the functionality that your business requires.
  • I'd like to see some additional lines of information provided for archived models which will allow more detail and descriptions to be added to models.
  • I think there are a lot of issues regarding work space. I believe that the functionality of Anaplan is amazing and allows you to customize how you see the data in any way that you design, but there are direct implications as to how each additional dimension affects model size. These restrictions, in tandem with a restricted budget, enable a roadblock for the functionality that we desire.
Anaplan has its limits with respect to workspace and catering to those with a larger budget for forecasting tools.
Anaplan is well suited for connected planning. The functionality and use cases can be linked together so that BizOps can forecast revenue, budget owners can plan their OPEX, HR can forecast headcount, and all of these lines can feed into a full P&L which will allow each manager to directly see the implications of their decisions on the business in real time.

Anaplan Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
8
Management reporting
7
Financial data consolidation
3
Journal entries and reports
5
Local and consolidated reporting
7
Detailed Audit Trails
3
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
7
Personalized dashboards
7
Color-coded scorecards
8
Cost and profitability analysis
5
Key Performance Indicator setting
7
Flat file integration
8
Excel data integration
8
Direct links to 3rd-party data sources
6