Anaplan: Powerful Modeling Cloud
Updated July 28, 2020
Anaplan: Powerful Modeling Cloud
Score 6 out of 10
Vetted Review
Verified User
Overall Satisfaction with Anaplan
Anaplan is being used by the Finance Team of about 35 professionals for budgeting, forecasting, reporting, and visualizations. It's not yet being used by our Accounting, Investor Relations or any other team at the company. Its primary use case is a single-source-of-truth for budget, actuals and as a forecasting tool. It has really helped us get a handle on our financials.
Pros
- Singe source of truth for actuals and forecast.
- Robust modeling capabilities.
- Flexible to change models.
- Connectivity to other tools/databases.
- Easy to add new accounts as needed.
Cons
- Better/more intuitive security.
- Better branding to make the tool feel like your company.
- Better Excel integration!
- Self-help guides.
- Reliable single source-of-truth for budgets and actuals.
- Improved forecast accuracy.
- Streamlined Finance Team processes such as close and budgeting.
- Faster reporting to stakeholders.
Anaplan is one of the better cloud-based EPM solutions out there. While it doesn't come with a lot of features/modules out of the box, once you get it up and running it's really powerful. There is a steeper learning curve than some other EPM tools out there which are Excel-like. For me, the biggest drawback for Anaplan is the poor excel-integration. It doesn't seem like a priority to the company to improve this. Despite this, if you are in the market for a cloud-based EPM I suggest you take a hard look at Anaplan.
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