Great system to help automate processes across your whole business, from front to back-office!
Updated November 19, 2022

Great system to help automate processes across your whole business, from front to back-office!

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

Overall Satisfaction with Anaplan

We leverage Anaplan for various workstreams (automating data collection, forecasting, portfolio tracking, investor reporting, various fee and promot[ing] calculations, etc...). Being that Anaplan is extremely flexible, we can customize models for our specific business use cases, allowing us to standardize processes while providing users with a simplified user interface to navigate.

Pros

  • Eases the navigation of large datasets
  • Enables us to enforce controls around sensitive calculations
  • Allows us to scale our business processes
  • Checks are in place to prevent a user from building incorrect formulas

Cons

  • Easier administration of workspace access (they are working to improve this)
  • Easier access to model related data (they are working to improve this)
  • User controls (Model Selective Access / Workspace Access)
  • Application lifecycle management
  • Audit history
  • Standardized many processes across the firm
  • More efficient processes, freeing up the team to become more analytical

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 can be utilized for a multitude of use cases, such as data collection and forecasting. There have been some use cases that I have encountered where I would advise someone to look into other systems (waterfall calculations and general ledger type of accounting.)

Anaplan Feature Ratings

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

Using Anaplan

800 - Finance and Accounting are our main user group, followed by middle-office Operations.
30 - Understanding product functionality is key to assessing where Anaplan can be utilized and most beneficial to end users. Product understanding is also complimented by technical skills and the ability to develop models that will streamline processes and calculations for the business users. Lastly, although it is not necessary to build, it is helpful to have business knowledge surrounding the use case so that you can also propose enhancements to the use case and call out potential efficiencies provided through Anaplan functionality.
  • Data aggregation and standardization
  • Forecasting
  • Transaction transformation and tracking
  • Ability to create a full subledger
  • Ability to calculate complex waterfalls (although not recommended)
  • Continue to expand forecasting use cases
  • Continue to enhance HR tracking and compensation management
Anaplan has become a critical application utilized across the whole firm. We have transitioned many manual excel processes onto the platform and are beginning to really see the benefit of the "honeycomb" connectivity across models. A lot of time and effort has been put into this and it is now ingrained in many business processes.

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