Amazing emerging tool that is leading into maturity, however still needs a strong reporting suite
September 28, 2021

Amazing emerging tool that is leading into maturity, however still needs a strong reporting suite

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

Overall Satisfaction with Anaplan

The main area is within the Budgeting and Forecasting space within the finance teams, however, there have been moves into a more operational forecasting role with the implementation of a Workforce Planning capability and PoC's in Sales.

The main problem is around the collation of data into a single model, with the calculation engine acting as a bonus as opposed to a game-changer. Much of the problems that are being solved with Anaplan stems from the use of multiple disparate excel spreadsheets instead of the inability to forecast at lower levels of granularity because of the calculation power of Excel.
  • Strong calculation engine
  • Time to value is extremely quick given it's drag and drop UI
  • Blank slate, so the world is your oyster in terms of what you want/can build
  • Reporting and Analysis capabilities within Anaplan are still quite weak and require secondary products to support it
  • To the above point, data extraction out of Anaplan is quite difficult to maintain from a technology perspective due to the ability to chop and change schemas on a whim
  • Model size still remains a top concern when building + inability to automate backups
  • Flexibility to build
  • Speed to delivery
  • SAAS
  • Positive - ability to forecast has increased dramatically due to the automatic collation of forecasts from different individuals
  • Negative - high cost means that ROI takes much longer to deliver
Anaplan is much stronger across the UX front and [has the] ability to have as many cubes as you like means the method of calculation [is] extremely vast.

Oracle is a much more mature product, albeit really just a simple cube with calculations against it. The benefit of Oracle is in its overall suite of products that can also provide Financial Close, transactional data integration via the ERP, and also a Management Reporting suite as well.

Do you think Anaplan delivers good value for the price?


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Did Anaplan live up to sales and marketing promises?

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Suited to quick-changing models, where data collations and complexity to build are the top priorities. Although Anaplan has made a name for itself in the forecasting space, you can use it for almost anything with the caveat that you need to be comfortable with eventually deleting certain slices of data from your model over time. This isn't necessarily an issue if you have an appropriate solution to keep this type of data in external tooling (Data Lake/Warehouse) or otherwise, but it does mean additional investment to produce a truly robust system.

Situations, where it is less appropriate, are when you're not dealing with a combination of data collection and complexity issues in calculations (i.e. not enough horsepower in excel or changes need to happen quickly). Honestly, other EPM solutions are cheaper, albeit a bit older.

Anaplan Feature Ratings

Long-term financial planning
Financial budgeting
Scenario modeling
Management reporting
Financial data consolidation
Journal entries and reports
Local and consolidated reporting
Detailed Audit Trails
Financial Statement Reporting
Management Reporting
Excel-based Reporting
Personalized dashboards
Color-coded scorecards
Cost and profitability analysis
Key Performance Indicator setting
Flat file integration
Excel data integration
Direct links to 3rd-party data sources
Role-Based Security Model
Responsive Design for Web Access
Mobile Application
Dashboard / Report / Visualization Interactivity on Mobile