TrustRadius
SaaS FP&A Review
https://www.trustradius.com/corporate-performance-management-cpmAnaplanUnspecified7.9213101
Dan Shuwarger profile photo
Updated May 24, 2017

SaaS FP&A Review

Score 10 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Anaplan

We have two Anaplan instances. Sales Ops uses it to manage headcount and for capacity planning. They have users and viewers of their headcount reporting.

I manage the FP&A instance which is used to plan headcount, expenses, capex, and COGS. We also use it for reporting for various cuts of the P&L, headcount, and balance sheet. This instance is only being used by FP&A, but we hope to role it out to business partners later in the year.
  • Anaplan is great for headcount reporting. We have reports by dept, office location, and subsidiary that is great for planning and also for full company reporting.
  • Although they can be complicated to set up, Anaplan is also great for setting up complex P&L views. For example, setting up a P&L with a combination of subs/depts., that still needs to consolidate to the total P&L.
  • Systems-wise, I like that it's impossible to #REF the model! Anaplan shows you where everything is referenced, so it's very difficult to break anything.
  • I also like that formulas copy across, so there is no chance of pointing to the wrong cell, like in Excel
  • I'd like to see a back button. While there is restore from backup, it is a long process that only Admins can perform. And all users lose changes of course.
  • As an Admin, my #1 request is: why can't we select multiple list members with check boxes? For example, if I have a list of depts., and want to see HR + Recruiting (two list members). Yes, I can build a line item that does that. But every combination of list members must be custom built.
  • Another one that I get asked for are hierarchies for line items. For example, if I have a List on pages, there will be "+" to group items. For example, I might have Finance, HR, and Recruiting, all in "G&A" which I could then open the "+" to expand and collapse (G&A) to show the detail. If I am pivoted on a Line Item on pages, this isn't possible.
  • Another big one I get asked for, is "why can't I save views?!" Of course Admins can, but I think users would really appreciate it this one. Please consider it!
  • Anaplan for Finance
  • Anaplan for Sales
I manage the Anaplan instance for FP&A. It has enabled us to go from 10 different Analyst budget spreadsheets where no one person even knew all of the full company assumptions, to one consolidated model with consistent assumptions that is easy to read and follow. We have also been able to standardize reporting to business partners across the company.
I've used Anaplan, Host Analytics, and Adaptive Insights. Anaplan is by far the superior tool. Anaplan has much more flexibility, a slicker UI, is light years faster, and is much more user friendly.
I'd eventually like to see business partners involved in the budgeting process with Anaplan (entering data) and HR managing headcount, instead of FP&A. I'd also like to see more integration with systems. I've used Anaplan at four different companies and have never seen a successful integration. I've seen it get close with Mulesoft or Anaplan Connect, but I have never seen one actually work. I've always used flat files, which does work well. Lastly, although the Dashboards have improved significantly over the years, I'd love to see them at a level where Anaplan could be used as a BI tool with analytics similar to Domo.
Anaplan is great for Sales Ops, FP&A, and basically anything that is heavy Excel-based. It's great at summarizing large amounts of data, like pivot tables. It's also great for crunching Salesforce data. I don't have a need for SQL, but I'm sure it would great for any kind of database summarization use case.

Anaplan Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
8
Financial data consolidation
10
Journal entries and reports
8
Local and consolidated reporting
8
Detailed Audit Trails
10
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Personalized dashboards
5
Color-coded scorecards
5
Cost and profitability analysis
7
Key Performance Indicator setting
7
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
1