Anaplan helped Transform our Financial Planning
November 13, 2021

Anaplan helped Transform our Financial Planning

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Anaplan

I recently worked at a major healthcare company where we utilized Anaplan as our enterprise budgeting and forecasting tool. We planned for our entire P&L using Anaplan. The biggest problem Anaplan addressed was our inability to quickly and accurately consolidate our entire plan for executive reporting. We went from thousands of spreadsheets to 8 models in Anaplan that were able to handle 95%+ of all of our budgeting processes. Consolidation of our plan data was a breeze.

Pros

  • Consolidation.
  • Integration.
  • Modeling.

Cons

  • Dashboarding.
  • Reporting.
  • Development iteration management.
  • Integration capabilities.
  • Scalability.
  • Community knowledge base.
  • Model building.
  • Model versioning.
  • The biggest ROI has been on our people and time.

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 was best suited for us where we had an archaic excel-based planning model(s) and needed a way to consolidate thousands of models into one source of the truth and then consolidate our entire P&L for annual budget planning and reporting. Where Anaplan is limited is going to be around reporting. Reporting/dashboards were not the most pleasant to look at in their classic UX. At my previous company, we implemented Anaplan prior to their New UX. Their New UX is a 100% better visualization tool however it still falls short of its competitors. At the time of this review, data visualization is better suited for tools like Power BI and Tableau.

Anaplan Feature Ratings

7.6
Long-term financial planning
9
Financial budgeting
9
Forecasting
7
Scenario modeling
8
Management reporting
5
7.8
Financial data consolidation
8
Journal entries and reports
7
Local and consolidated reporting
9
Detailed Audit Trails
7
7.0
Financial Statement Reporting
7
Management Reporting
7
Excel-based Reporting
7
7.0
Personalized dashboards
6
Color-coded scorecards
8
Cost and profitability analysis
7
Key Performance Indicator setting
7
8.7
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
8
10.0
Customizable dashboards
10
Ad-hoc Reporting ()
Not Rated
4.5
Publish to PDF
5
Report Versioning
4
Data Discovery and Visualization ()
Not Rated
9.0
Role-Based Security Model
9
7.5
Responsive Design for Web Access
Not Rated
Mobile Application
7
Dashboard / Report / Visualization Interactivity on Mobile
8

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