Anaplan for Finance
July 06, 2022

Anaplan for Finance

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

Overall Satisfaction with Anaplan

Currently, we have two models in Anaplan: (1) group financial reporting, and (2) subscription modeling. The group model has enabled the consolidation of budget and forecasts for each of the business units, including functionality such as payroll FTE/headcount reporting, cost allocations, and FX scenario modeling. The subscription model allows the forecast of volumes and consequently subscriptions revenue and costs by using high-level assumptions, for example, renewal rates based on the subscription type.

Pros

  • Dynamic planning
  • Auditability
  • Scenario modelling

Cons

  • Replication of Excel functions
  • UX reporting and graph functionality
  • Multiple users in model at once
  • Model performance using functions such as rank
  • Model support
  • Excel and Google Sheet Add Ons
  • Connecting data from multiple systems
  • FX scenario modelling
  • Business reporting
  • Increased accuracy in FTE and headcount reporting
  • Quickly see effect of FX fluctuations
  • Reduced time to consolidate monthly business reporting
Anaplan was selected due to the ease of implementing a bespoke solution that is tailored to the given business. Anaplan is not just limited to finance applications and can be used to model other areas of the business. It is essential that the Anaplan solution is embraced and used to its full potential.

Do you think Anaplan delivers good value for the price?

Yes

Are you happy with Anaplan's feature set?

No

Did Anaplan live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Anaplan go as expected?

I wasn't involved with the implementation phase

Would you buy Anaplan again?

Yes

Anaplan is well suited to the finance environment when looking at a cloud-based solution to replace existing processes in legacy systems such as Excel. Furthermore, it is a bespoke solution that can be used for most business processes and has been very effective in supply chain and capacity planning solutions.

Anaplan Feature Ratings

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

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