Anaplan for Connected Planning
Updated November 24, 2024
Anaplan for Connected Planning
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Anaplan
Scope of the use case: Implement a solution to forecast revenue that is having an impact on Expenses, Balance sheet, Capital, Risk, and funding forecasts based on very low-level drivers. It should support sensitivity analysis and Attribution Analysis to analyse the forecast accuracy. Pros: Currently the firm uses very high-level forecasting where the forecast data is not being coded and justified with any tool. If there is any change in the market, the impact is also assumed based on the experience but not based on logical data points. After implementing the solution in Anaplan with clearly codifying the forecast data based on very detailed nodes, we can create multiple scenarios on the fly based on the market change or based on different drivers and we can accurately analyse the firm behaviour for the change. This solution provides a lot of transparency in the forecasting for all businesses and eliminates unforeseen impacts on the business revenue.
Pros
- Real-Time Calculations.
- Connected planning to help driver decisions faster.
- Faster Implementation cycle.
- Sensitivity and Attribution Analysis can be implemented easily.
- Hyper workspace now solves for huge volumes of data.
- Better user experience with added management reporting
- Separation of dense and sparse engine helps in solving different use case efficiently
- Huge user base in Anaplan community for better collaboration across Anaplan users
- CloudWorks made Scheduling of Actions easy without external systems involvement
Cons
- Workflow can be improved
- common excel formulas can be supported in Anaplan
- User Experience can be improved
- Security around Cloudworks.
- API Support library can be improved.
- ALM Branching for multiple teams implementation and merging into target model.
- In-memory Calculation engine for real-time results.
- New User Experience with different types of pages
- Hyper Model Concept to have huge volume of calculations
- Sparse engine for any sparse calculation
- Able to improve the planning cycle from months to days.
- Connected planning realizes the maximum ROI.
- Quick implementation and easy go live
- SAP BPC (Business Planning and Consolidation) and CallidusCloud LeadRocket (discontinued)
Scalability, Performance and UX is key from above two tools versus 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 Feature Ratings
Using Anaplan
3000 - We use Anaplan for mostly below use cases,
Financing Planning and Analysis
Budgeting and Forecasting
Integrated Planning
KPI Metrics Reporting, ASC Reporting, Occupancy Actuals and budgeting. We use management reporting also for presenting at executive level. We also use ALM extensively for code migrations between models. ADO is another functionality i am waiting for in future and is see it is getting rolled out.
Financing Planning and Analysis
Budgeting and Forecasting
Integrated Planning
KPI Metrics Reporting, ASC Reporting, Occupancy Actuals and budgeting. We use management reporting also for presenting at executive level. We also use ALM extensively for code migrations between models. ADO is another functionality i am waiting for in future and is see it is getting rolled out.
15 - Anaplan team members should have logic / Analytical thinking process. Lot of times anaplan related issues can spotted by applying common sense and needed critical thinking to solve those issues. Anaplan provides detailed history for any change in the model to debug any issues. We can have restore also restore our models to some state where the model is working fine.
- Financial Planning
- Budgeting
- Management Reporting
- Head count planning
- ASC 350 calculations
- Occupancy recharge calculations
- We have used ration method to solve some of the critical problems
- We have used Management report for executive reporting
- Role / user based DCA to maintain access
- Incentive Planning
- Corporate Insurance Planning
- Demand Planning
Using Anaplan
| Pros | Cons |
|---|---|
Like to use Relatively simple Easy to use Well integrated Quick to learn Convenient Feel confident using Familiar | Requires technical support |
- Financial Planning
- Demand Planning
- Headcount Planning
- Any Transaction based use cases
Yes - It is having basic UX but not user friendly.
Comments
Please log in to join the conversation