Anaplan
Anaplan, IncExternal reviews
460 reviews
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Anaplan Transform Business Manual Process and Eliminate Human Errors in Days
What do you like best about the product?
1. web-based platform easy access anywhere
2. Transform business manuual planning and accounting process.
3. Easy to learn. No coding required
4. User friendly
5. Fast interaction
2. Transform business manuual planning and accounting process.
3. Easy to learn. No coding required
4. User friendly
5. Fast interaction
What do you dislike about the product?
the product has been improving over the past years.
What problems is the product solving and how is that benefiting you?
Zero-based budgeting, Allocation model for business, FP&A
Best in class solution for complex financial planning and analysis
What do you like best about the product?
Anaplan is an amazing dimensional modeling tool. It has a very powerful calculation engine allowing you to calculate at speed and scale. Its best application is for driver-based planning and connected planning. Its a user-focused tool that is that has a very excel-like feel.
What do you dislike about the product?
The reporting capability is not as strong as some BI tools, however, it does have native connectors for Power BI and Tableau. Making enhancements can be challenging if it is a complex solution as the calculations are always on.
What problems is the product solving and how is that benefiting you?
We are solving data trust issues as we are now allowing the business to have one source of truth for data and modeling that can be trusted. Additionally, we are creating more value by spending less time in our planning process.
Recommendations to others considering the product:
Make sure your data is ready and you completely understand your business process.
Continual Advancement of FP&A Capabilities
What do you like best about the product?
Anaplan allows for an enterprise approach to planning and forecasting, allowing for collaboration while maintaining consistency in approach, calculation, and reporting. Anaplan models that allow for controlled access and user role-driven experiences, ensuring Apps can be built to expose the right data to the right users at the right time. The inbuilt Application Lifecycle Management (ALM) features allows for controlled release of model changes to end users and allows for segregation of development, testing and production usage.
As a SaaS offering there are continually new features being developed which support both the end user and model builder experiences. Anaplan is continually refining based on customer feedback to address key features to advance modeling capabilities and improve ease of use. In recent years the App/UX layer has advanced greatly, allowing for dynamic formatting/visualizations, more curated user interactions and less reliance on model builders to make structural changes to the model.
As a SaaS offering there are continually new features being developed which support both the end user and model builder experiences. Anaplan is continually refining based on customer feedback to address key features to advance modeling capabilities and improve ease of use. In recent years the App/UX layer has advanced greatly, allowing for dynamic formatting/visualizations, more curated user interactions and less reliance on model builders to make structural changes to the model.
What do you dislike about the product?
Lack native multi-select functionality and conditional formatting in the App layer can be a bit clunky and require workarounds or supplemental model development. Model to model connections require integration with no ability to share data in real time thought advancements in functionality like Workflow added more options/capability to support end user driven activity.
What problems is the product solving and how is that benefiting you?
Dispersion of sensitive information in a controlled manner (selective access), the connection of disparate teams on a single platform, reduction in forecast process timelines.
solid FP&A planning tool
What do you like best about the product?
so far so good, it's still running as planned
What do you dislike about the product?
Include AI projections functionality and matching POs to actuals
What problems is the product solving and how is that benefiting you?
benefits: version control, able to create many views and breakdowns, clean look
downside: very manual, needs a dedicated person to maintain and setup, restrictive format for data input
downside: very manual, needs a dedicated person to maintain and setup, restrictive format for data input
Highly collaborative and customizable modelling software
What do you like best about the product?
How customizable it is. Companies can replicate their business processes with minimum to no compromise. It is one of the few tools on the market (with Excel) with this level of customization.
Anaplan is probably second only to Excel in project development time, it is incredibly fast.
Finally, given that it is a formula-based tool, there is no scripting needed so anyone can pick it up.
Anaplan is probably second only to Excel in project development time, it is incredibly fast.
Finally, given that it is a formula-based tool, there is no scripting needed so anyone can pick it up.
What do you dislike about the product?
The user interface. Even though Anaplan has invested a lot of time and effort over the last couple of year to improve it (new user experience, management reporting,...) I don't believe it's quite there yet.
Simple things are still missing.
Additionally, proper workflow capabilities need to be re-introduced (Anaplan did release a v.1 in 2020).
Simple things are still missing.
Additionally, proper workflow capabilities need to be re-introduced (Anaplan did release a v.1 in 2020).
What problems is the product solving and how is that benefiting you?
Problems: siloed business processes, difficulties to consolidate the figures, multiple data sources, manual calculation/template errors, no audit trail, no data security
Benefits: time savings, live consolidated figures, single source of truth, accurate and correct calculations, advanced audit and security capabilities
Benefits: time savings, live consolidated figures, single source of truth, accurate and correct calculations, advanced audit and security capabilities
Highly recommended Financial Planning tool with great product features
What do you like best about the product?
Anaplan's constantly evolving features added on to its core functions
What do you dislike about the product?
Some of the newly introduced features were buggy. Could benefit from additional testing
What problems is the product solving and how is that benefiting you?
Data centralization and alignment across the business. Planning and forecasting sales.
Recommendations to others considering the product:
Ideal to work with an Anaplan Partner for your first implementation.
I have used Anaplan since 2014 and implemented Anaplan since 2017.
What do you like best about the product?
Anaplan is a great tool to create forecasting models in. It allows end users a single source of truth and the ability to see real time update to their assumptions.
What do you dislike about the product?
Sparsity is an issue, which results in having to build models using flat/concatenated logic which is overly complex. If sparsity wasn't an issue the models can be easier to implement and easier for end users to adopt.
What problems is the product solving and how is that benefiting you?
Various problems. I have used Anaplan for FP&A forecasting for business unit P&L's which included driver based forecasting models for Cost of Sales and Distribution expense.
Recommendations to others considering the product:
Ensure you allow adequate time to implement Anaplan. Companies tend to underestimate the amount of time and the number of resources it will take to implement Anaplan which results in the creation of suboptimal models and/or low end user engagement.
Connected planning and scenario analysis
What do you like best about the product?
Anaplan provides a stable environment that copes with big data sets well. I also love how easily models can connect and share data, elminating spreadsheets from our planning process. Anaplan is always adding new features and enhancements to the platform.
What do you dislike about the product?
A desire for employees to want to learn Anaplan modeling skills is key to a successful implementation unless there is a central function for model maintenance or dedicated Centre of Excellence.
What problems is the product solving and how is that benefiting you?
Anaplan is a great alternative to Excel. It has allowed us to streamline processes and reduce modelling error risks. Coinnected planning, where data can easily be shared between models, has eliminated the need for Excel files when consolidating business unit results into the Group Budget.
Scalable, powerful solution across various department, time commitment required to get it right
What do you like best about the product?
Use case agnostic tool, easy to scale across different departments. Allows a user-friendly audit trail of all changes in the model. Powerful engine that can replace huge unsustainable excel sheets.
What do you dislike about the product?
Initial model implementation requires support from an implementation partner. Allows training of end-users during the build, but takes a significant amount of time to become self-sufficient.
What problems is the product solving and how is that benefiting you?
Standardization of modeling approach across different units. Ability to quickly access/extract centralized data and use it for various recurring or ad-hoc analyses.
Great Tool for Scenario Planning
What do you like best about the product?
Real time calculation and ease of model set up make Anaplan an ideal tool for scenario planning compared to other tools and allow end-users to move away from using excel
What do you dislike about the product?
Anaplan workspace doesn't have the capacity to store multiple years of data at a lower level of detail, so we need to use other reporting tools to support building trend report or deep-dive analysis.
What problems is the product solving and how is that benefiting you?
Using the tool for different Finance use cases, such as What-if analysis, Planning and Budgeting, and Profitability modeling
The data hub provides a single source of truth for master data
The timestamp in Action setting supports data auditing
The data hub provides a single source of truth for master data
The timestamp in Action setting supports data auditing
Recommendations to others considering the product:
Anaplan is a great tool for real time data and forecasting scenarios. The user experience has been improving a lot over the year with the introduction of anaplan UX, which helps developers set up more visually appealing reports for end-users. However, without the capability of handling multiple years of transactional data due to space limitations, there is a need to integrate anaplan with other reporting tools more well-suited to represent the data
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