Anaplan is a Great Tool for improving Efficiency and Collaboration!
November 06, 2023

Anaplan is a Great Tool for improving Efficiency and Collaboration!

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

Overall Satisfaction with Anaplan

I use Anaplan to design and manage monthly, quarterly and annual financial planning cycles. Prior to using Anaplan I used to have to do this in Excel which can be inefficient, prone to human error, and difficult to audit. Anaplan has helped me in all of these areas. The specific use cases that I use Anaplan for are to produce a forecasted P&L, Balance Sheet, Cash Flow, and Workforce Plan.
  • Collaboration amongst previously siloed teams
  • Integration and consolidation of data from disparate sources
  • Can be updated and managed by business users
  • ALM is helpful, but could use improvement
  • Size constraints are often an issue
  • Out-of-the-box solutions are not very mature
  • Quicker turnaround of forecasts
  • Quicker forecasts lead to more time for strategic analysis
  • Less man hours needed to prepare forecasts
Excel can be incredibly cumbersome, inefficient, prone to human error, and difficult to audit. Anaplan helps solve for this by providing an easy-to-use interface, connected planning modules, and security and tracking around the input and approval process. Anaplan is a much better tool for any company that is managing a large number of excel files.

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 is incredible at facilitating and coordinating any type of planning cycle. I've seen FP&A teams that didn't talk to each other and even used different inputs (e.g. different Sales Targets) into their separate models. Anaplan is very well suited for getting disparate teams like these to work together and ensures that all teams are working off the same information. It's also constantly being updated and improved upon, so many shortfalls have been corrected over the years. Anaplan is possibly less suited for a small organization or company that doesn't have the capital to invest in this type of software.

Anaplan Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Financial data consolidation
2
Journal entries and reports
2
Local and consolidated reporting
5
Detailed Audit Trails
5
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Personalized dashboards
10
Color-coded scorecards
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
Customizable dashboards
10
Publish to PDF
10
Report Versioning
10
Role-Based Security Model
10
Report-Level Access Control
10
Responsive Design for Web Access
10
Mobile Application
10
Dashboard / Report / Visualization Interactivity on Mobile
10