Make your life easier - but have to put in the hard work upfront
May 24, 2017

Make your life easier - but have to put in the hard work upfront

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

Overall Satisfaction with Anaplan

I've implemented Anaplan for two different departments in our company:

1. Sales Finance - Anaplan was used for weekly forecast process and I was part of the team that implemented Anaplan.
2. Business Strategy and Marketing Team - I implemented Anaplan for this team for our annual target setting.

Both experiences had positive outcomes and each model was implemented and currently being used.
  • If the model in Anaplan is built well, it allows the user to make one change as part of an input and that one change will be reflected through out the model.
  • Unlike Excel, there is no need for a formula check - it's a very useful feature for a large model for multiple variable and drivers.
  • The key to a successful model is to keep your model simple, don't overcomplicate things.
  • So far, I've been pleased with Anaplan. Where Anaplan, as a company can improve, is the consultants. Different consultants have different styles and Anaplan Consultants should be teaching their customers how to use the tool rather than doing the work on their behalf.
  • Also, most of the consultants I interacted with were from LA so it would be nice to have some local consultants (Bay Area) or at least have some face to face time with our consultants.
Our company was looking at few other products, such as QlikView and Microsoft Access. However, I'm not and was not a fan of either those products.

For our purposes of weekly forecasts and target setting, Anaplan is well suited.

I took a target setting Excel model, that is about 20 tabs or more, and converted it into Anaplan model. It usually took the team about 2 or 3 days to make a few simple adjustments to the target setting Excel model, whereas I made the same adjustments in Anaplan and it took me about an hour or two. So there is tremendous time saving, but that's if the model has been built well in Anaplan.

Anaplan Feature Ratings

Long-term financial planning
7
Financial budgeting
8
Forecasting
8
Scenario modeling
5
Management reporting
5
Financial data consolidation
4
Local and consolidated reporting
4
Detailed Audit Trails
5
Financial Statement Reporting
5
Management Reporting
5
Excel-based Reporting
3
Personalized dashboards
5
Color-coded scorecards
5
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
6
Flat file integration
6
Excel data integration
6