Anaplan is Highly Recommended for Forecasting!
Updated December 02, 2021

Anaplan is Highly Recommended for Forecasting!

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

Overall Satisfaction with Anaplan

At this organization, Anaplan is being used by the FP&A and Sales Ops departments. My experience is with FP&A. This organization was using Microsoft Excel for forecasting and Microsoft Access for consolidations. It was a very slow process to update the forecast. Anaplan allowed us to have all forecasts in one model (rather than multiple Excel spreadsheets) that can be accessed by everyone at once, and where the updates are flowed live to the financial statements.

Pros

  • User access controls that are easy to maintain
  • Models are maintained by end users, not IT
  • Easy Scenario/What-if Analysis and forecast adjustments
  • Automation of data integration
  • Hierarchy changes are easy and quick and flow through entire model

Cons

  • Improved dashboarding views
  • Model locking up when a formula error is entered
  • Multiple people can be in the tool making updates at the same time
  • Setting up and updating user access is quick and easy
  • Creating dashboards is easy
  • Anaplan formula syntax is very similar to excel, making it easy to learn
  • Quicker forecast turnarounds
  • More accurate forecasting
A lot of companies use excel for forecasting before switching to Anaplan. Anaplan is better for forecasting as it allows for more collaborative work since multiple people can be in the tool at the same time making updates. Anaplan is also very flexible when it comes to
updating time and list/hierarchy information by automatically applying updates
across the entire model (e.g., no more manually adding columns for a new fiscal
year or manually adding rows for new products or GL accounts, across multiple
excel files).

Do you think Anaplan delivers good value for the price?

Yes

Are you happy with Anaplan's feature set?

Yes

Did Anaplan live up to sales and marketing promises?

Yes

Did implementation of Anaplan go as expected?

Yes

Would you buy Anaplan again?

Yes

Microsoft Excel, Harvest, Jira Work Management (Jira Core)
Anaplan is ideal for forecasting/planning whether it be for Finance or Supply Chain. It is also well suited for Sales Performance Management. It is less appropriate for scheduling, iterative calculations, optimizing production.

Anaplan Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
8.3
Financial data consolidation
9
Journal entries and reports
6
Local and consolidated reporting
10
Detailed Audit Trails
8
9.3
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
8
10.0
Personalized dashboards
10
Color-coded scorecards
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
10.0
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
10.0
Customizable dashboards
10
Ad-hoc Reporting ()
Not Rated
10.0
Publish to PDF
10
Report Versioning
10
Data Discovery and Visualization ()
Not Rated
10.0
Role-Based Security Model
10
8.3
Responsive Design for Web Access
9
Mobile Application
7
Dashboard / Report / Visualization Interactivity on Mobile
9

Comments

More Reviews of Anaplan

  1. Home
  2. Corporate Performance Management (CPM) Software
  3. Anaplan Reviews
  4. User Review of Anaplan