Best in Class Forecasting Tool / Average Reporting Tool
May 17, 2017

Best in Class Forecasting Tool / Average Reporting Tool

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

Overall Satisfaction with Anaplan

[It's being used] Primarily by FP&A and we use it for full company financial forecasting including workforce management.
  • Complex formulas that interconnect seamlessly through entire model
  • Secure source of truth for forecast data
  • Reporting - Hyperion Essbase/Smartview is so much easier; Excel add-in for Anaplan is not an option because it can only handle small amounts of data
  • Year over Year variances are key functionality that are not easy to do
  • Being able to lock versions ex: setting a plan version and making sure it never changes
I was not here when we chose Anaplan. Forecasting wise I think it is an excellent tool. It is not even close to Hyperion when it comes to ad-hoc reporting with Excel add-in.
As a forecasting tool it is fantastic/best in class; as a reporting tool it is average.

Anaplan Feature Ratings

Long-term financial planning
6
Financial budgeting
10
Forecasting
10
Scenario modeling
9
Management reporting
3
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
3
Management Reporting
3
Excel-based Reporting
1
Personalized dashboards
7
Color-coded scorecards
Not Rated
Cost and profitability analysis
9
Key Performance Indicator setting
Not Rated
Flat file integration
9
Excel data integration
Not Rated
Direct links to 3rd-party data sources
6