Anaplan is the best financial planning tool out there
December 20, 2022
Anaplan is the best financial planning tool out there
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Anaplan
I am a solution architect of Anaplan implementations for their customers. I work with clients to set a foundation and plan for the model builds, and then complete the implementation from start to finish, and provide support and enhancements moving forward. I Most use cases that I work with are FP&A or portfolio monitoring.
- Scalability. Anaplan is designed in a way that allows for seamless growth as the dimensions within a model grow.
- Flexibility. Anaplan allows you to model for almost anything you could need to.
- Community. Anaplan does an amazing job of bringing all partners and customers together in order to push the product forward.
- Reporting is Anaplan's biggest weakness, however they have improved in some aspects over recent years. Additionally, it is not meant to be a pure reporting tool and it does integrate nicely with other platforms better suited for it.
- Formula editing. This has improved from 0 formatting previously to some now. Large models completely break and need to reset if a formula is incorrectly entered - this seems like something that could be avoided by not allowing the formula to be put through first
- Workflow. New workflow functionality launching soon should hopefully solve for this. As of now, there is not much you can do.
- Security. Anaplan security can be set all the way down to the cell level
- Auditability. Every single change made to a model, no matter the size is saved with information about the user that made it and the time it was made.
- Live calculations. Calculations feed the reports in real time as data is fed or manual inputs are made.
- Saves time managing excel models
- Prevents human error of many different users editing the same documents
- Manageable Growth - Anaplan's design allows for organizational growth without drastic changes to model design along the way
Anaplan is a much cleaner tool for large organizations. Real time calculations are shown, as opposed to wasting time emailing documents around to different teams (also allowing for more human error that isn't auditable). Anaplan is a powerful calculation engine that can do almost anything you can do in excel. For large organizations, Excel's one obvious strength is a goal seek or solver function.
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