Best in class connected planning tool to transform the way you analyse your business
Updated August 06, 2024

Best in class connected planning tool to transform the way you analyse your business

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Anaplan

A very valuable, scalable and powerful platform. It was is very easy to implement and can be implemented on very short time scales to deliver value quickly. The business problems it solves is lack of agility, no single source of truth and lack of collaboration between the different business functions. The platform can be used to solve any planning, modelling and analysis usecases. The best thing to do is build a road map with some quick wins so you can deliver the value the tools brings quickly.

Pros

  • Anaplan has built in machine learning using the PlanIQ feature which allows you to forecast using industry machine learning algorithms such as Amazon forecast.
  • Anaplan is very much like the leading spreadsheet tools so it is very easy to learn and build in for most competent spreadsheet users.
  • Anaplan has the best in class calculation engine which means calculations are real time and at scale.

Cons

  • Capacity is definitely an issue when it comes to certain usecases like consolidation however this is in rare occasions
  • Its not the cheapest platform so licensing cost reduction would help
  • Sometimes can be slow to release new features
  • Scalability - growth is really important and future proofing
  • Agility - scenario comparisons and what if analysis
  • Flexibility - being able to constantly change and update the tool with ease
  • Improve efficiency by 50%
  • Automation lead to more time spent on discovery
  • ROI improved by 100%
Anaplan is a cloud-based planning and performance management platform that excels in its versatility and user-friendly interface. Designed to enhance decision-making processes, Anaplan offers a robust suite of tools for financial planning, sales, supply chain, and workforce management. One of its standout features is its real-time data integration, which allows users to make informed decisions based on the latest information. The platform's powerful modelling capabilities enable businesses to create complex scenarios and run what-if analyses with ease.The user interface is intuitive, making it accessible to both technical and non-technical users. Additionally, Anaplan's collaborative features promote seamless communication across departments, ensuring that all stakeholders are aligned and working towards common goals. The platform's flexibility allows for customization to meet the specific needs of various industries and business sizes. However, the learning curve can be steep for new users, and initial setup and configuration require careful planning and execution. Despite this, Anaplan's extensive support resources, including training modules and a vibrant user community, help mitigate these challenges. Overall, Anaplan is a powerful tool that brings agility and efficiency to business planning, making it a valuable asset for companies looking to enhance their planning and decision-making processes.
Anaplan is a market leader but Pigment is the new kid on the block. Pigment is cheaper than Anaplan. Pigment has more flexible feautures. Pigment is aimed at medium enterprises. Pigment doesn't have the scalabiluty that Anaplan has proven it has. Overall Anaplan is my tool of choice but if Pigment makes improvements there could be some competition.

Do you think Anaplan delivers good value for the price?

Not sure

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

I love the Anaplan platform and would highly recommend it. I'm yet to see a tool that competes with it's flexibility and scalability. It's my platform of choice for FP&A use cases such as workforce planning, cost modelling, budgeting and planning. It's not ideal for consolidation but Anaplan is constantly improving the platform so this might not be an issue in the future.

Anaplan Feature Ratings

9.4
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
7
7.5
Financial data consolidation
6
Journal entries and reports
6
Local and consolidated reporting
8
Detailed Audit Trails
10
8.7
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
6
9.5
Personalized dashboards
10
Color-coded scorecards
8
Cost and profitability analysis
10
Key Performance Indicator setting
10
8.7
Flat file integration
10
Excel data integration
6
Direct links to 3rd-party data sources
10
10.0
Customizable dashboards
10
Ad-hoc Reporting ()
Not Rated
10.0
Publish to PDF
10
Report Versioning
10
Data Discovery and Visualization ()
Not Rated
10.0
Role-Based Security Model
10
Report-Level Access Control
10
7.7
Responsive Design for Web Access
10
Mobile Application
7
Dashboard / Report / Visualization Interactivity on Mobile
6

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