Anaplan reigns king of the EPM vendors
Updated August 16, 2021

Anaplan reigns king of the EPM vendors

Stephen Meekins | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Anaplan

EY is a Global Anaplan strategic partner. We implement Anaplan throughout our various sectors. Customers don't want to plan in silos, they want to be able to connect their plans across various business units and departments. The goal is not to produce static budgets. The goal is to be able to predict how their business and financials will perform under certain micro and macroeconomic factors so that they can quickly react. The Anaplan platform offers this functionality and flexibility.
  • Real-time/instantaneous calculations. The ability to see the impact of your submissions in real-time.
  • Ease of use for both end-users and administrators. No programming language is required.
  • True multi-tenant cloud provider. Everyone is always on the latest release.
  • Anaplan is excellent at Consolidations, Reporting, Analytics, Modeling, and Forecasting across many use cases.
  • Time to deployment is much faster with Anaplan.
  • Workflow is one area that Anaplan could improve. I believe they are targeting a new release in Workflow later this year.
  • Anaplan has made great strides to improve performance and scalability. They will need to continue down this path as data and metadata volumes are constantly increasing. Take, for example, a customer with over 250,000,000 SKUs. The new calc. engine that they will be rolling out will be a game changer for Anaplan.
  • Time to deliver is shorter than most EPM tools.
  • Ease of implementation and maintenance.
  • Fits well with agile program management. Customers can receive value immediately following a sprint.
  • Anaplan is often 2x to 3x faster to implement compared to other EPM competitors providing a faster ROI.
  • The Anaplan solution focuses on driver-based connected planning allowing organizations to pivot quickly as macro and microeconomic variables change. Changes can be made at all levels of the organization with real-time visibility for Leadership.
  • OneStream™, Planful (formerly Host Analytics) and SAP BPC (Business Planning and Consolidation)
Planful offers a great solution, however, they have significantly underperformed on their annual growth rate. The solution has a lot to offer, however, it is split across two solutions and is not True connected planning.
OneStream is growing on a fast trajectory and has an excellent workflow built into the system. The downside is it is a technical solution leveraging VB (an outdated coding language) and requires a heavy amount of configuration compared to the ease and simplicity of Anaplan.

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

Anaplan is well suited for financial and operational planning and forecasting. However, Anaplan should not be used with the expectation to replace a large multidimensional BI solution. A data warehouse and a BI strategy still need to be in place.

Anaplan Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Financial data consolidation
8
Journal entries and reports
10
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
9
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
8
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
10
Color-coded scorecards
8
KPIs
9
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Pixel Perfect reports
Not Rated
Customizable dashboards
8
Report Formatting Templates
Not Rated
Drill-down analysis
9
Formatting capabilities
8
Integration with R or other statistical packages
Not Rated
Report sharing and collaboration
8
Publish to Web
10
Publish to PDF
10
Report Versioning
10
Report Delivery Scheduling
Not Rated
Pre-built visualization formats (heatmaps, scatter plots etc.)
9
Location Analytics / Geographic Visualization
8
Predictive Analytics
9
Multi-User Support (named login)
10
Role-Based Security Model
10
Multiple Access Permission Levels (Create, Read, Delete)
10
Single Sign-On (SSO)
10
Responsive Design for Web Access
3
Mobile Application
3
Dashboard / Report / Visualization Interactivity on Mobile
3