Anaplan - Beginning Stages
June 02, 2017

Anaplan - Beginning Stages

Sharon Kam | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Anaplan

We use Anaplan to sync our data across demand and supply and then layer our financial assumptions to build out our financial forecast. Anaplan addresses business needs of synchronized, timely data tied to one source of truth, as well as scalability within the organization. Also relevant is the fact that it can refresh in seconds what would take Excel days or weeks to complete. The ability to build cube logic is great for financials requiring build outs of multiple SKUs, reorgs, etc.
  • Scalability - ability to build out financials with new SKUs spanning multiple financial assumptions
  • Timely cross functional data access
  • Ability to export data across systems SQL / Tableau
  • Difficulty training up users
  • Hierarchy of units that are used cross functionally that aren't easily translated between orgs
  • Ability to call back parts of models previously built up
  • Elegance in design can be make or break between cost accretion and dilution
  • Inconsistency of quality of consultants
  • none
It made sense to use Anaplan as it had already been built up by our sales and supply chain teams.
Anaplan is great if you are building out models reliant on large, complex data sets that are refreshed constantly and that expand or contract often.

Oftentimes I've also seen it being used as a place to build out long range planning or similar exercises based on complex functions -- in that case I'd actually recommend Excel. Anaplan is truly used best when scaling large, inconsistently sized data sets across organizations.

Anaplan Feature Ratings

Long-term financial planning
4
Financial budgeting
9
Forecasting
8
Scenario modeling
Not Rated
Management reporting
1
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
Not Rated
Management Reporting
Not Rated
Excel-based Reporting
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Flat file integration
6
Excel data integration
Not Rated
Direct links to 3rd-party data sources
Not Rated