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FP&A Director /Master Anaplanner
What do you like best about the product?
What I love most about Anaplan is how versatile it is. Anaplan is used by a varietey of different industries for multiple use cases because of this. The ability to connect different functions and departments into Anaplan to develop a consolidated forecast that is unique to each funcitons needs is a game changer.
What do you dislike about the product?
While the interconnectivity is great, you need to be careful when making system changes that it is not having unintentional effects.
What problems is the product solving and how is that benefiting you?
Interconnect forecasting
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Anaplan for advanced modeling and connected planning
What do you like best about the product?
Anaplan is an advanced modeling platform which connects people, data, and plans across the enterprise to a single source of truth. It allows for collaboration across various divisions and enables businesses to plan top to bottom and bottoms up across Finance, Sales , Supply chain, HR and other divisions. It has an intiutive User Interface which provides capabilities of latest Management Reporting functionalities as well. It is truly a revolutionary platform which definitely provides an edge to businesses using it. The plaform also has the ability to pull data from various sources through easily configurable in ETL's / File loads etc
What do you dislike about the product?
Although anaplan is a highly scaleable and flexible platform, it is important to ensure that the foundations of the model are built correctly during any implementation to allow for long term sustainability and scaleability of the model. Anaplan is easy to learn and implement but in order to achieve scaleable models, in depth solution architecture experience is required
What problems is the product solving and how is that benefiting you?
Anaplan allows to solve various business problems and supports unlimited use cases. Anaplan has enabled us to model FP&A budgets, Real Estate Valuations and Forecasting, Incentive Compensation Management , workforce planning and various other use cases. Across all use cases it has enabled users to easily model various scenarios and in real time view results of what if analysis on their plans.
Anaplan through Model builder Lense
What do you like best about the product?
Being worked on legacy products in the past, writing logics or formulas in Anaplan is much simpler & fast. Anyone with excel knowldege can easily build or atleast read calculations.
The drill down functionality allows to easily trace back the calculations on the spot, no need to open backend tables or doing dummy calculations in excel to verify results.
The flexibility it provides to build only what's needed & structure the model as you want. This allows business to customize their models/processes the way they want rather than fitting your process into pre-configured planning softwares.
The drill down functionality allows to easily trace back the calculations on the spot, no need to open backend tables or doing dummy calculations in excel to verify results.
The flexibility it provides to build only what's needed & structure the model as you want. This allows business to customize their models/processes the way they want rather than fitting your process into pre-configured planning softwares.
What do you dislike about the product?
Though the model latency is outcome of how the model is built, bigger models usually face data latency or "model busy" or concurrency issues, not good with huge chunck of data.
What problems is the product solving and how is that benefiting you?
In current project, we are streamilining the production & material planning for our client. Earlier each business unit had their own excel spreadsheets and used to work in silos, any business dicision/change used to happen over formal cimmunication channels and to reflect that decision took time. Now all these planning is being streamlined into Anaplan, stakeholders can have access to relevant data in real-time at one place & will speed up the decison making & planning. All the manual calculations, reporting will be automated & planners can focus more on planning rather than consolidating and prepariong reports for planning.
User friendly, business owned cross functional planning tool
What do you like best about the product?
Easy to learn and implement to exact business requirements, UX is clean looking and offers multiple ways to visualize; easy to integrate with ERPs and other data sources
What do you dislike about the product?
Have to be intentional with what you want to implement as it is fully custom; need to dedicate time to learning
What problems is the product solving and how is that benefiting you?
Ease of allowing multiple users to enter forecasts in to one central location, of which aggregations happen naturally and calculations immediately work.
Fulfilling career as an Anaplan Model Builder
What do you like best about the product?
I like that Anaplan is a massive upgrade relative to other tools (like Microsoft Excel) in terms of empowering users to drive connected forecasting and planning. There are so many features that make this empowerment possible, such as version control, real time calculation updates, and dynamic cell access.
What do you dislike about the product?
When an Anaplan Model Builder attempts to implement a formula that is invalid, sometimes, this results in the Anaplan model locking up (or "toasting") for a period of time that ranges from seconds to minutes (depending on the size and complexity of the model) while the model processes and reverts the change. During this "toaster" period, no one, including Model Builders and users, can navigate or make changes in the model - This is extremely disruptive.
What problems is the product solving and how is that benefiting you?
Through Anaplan's Application Lifecycle Management functionality, I can Model Build in an existing Anaplan model without disrupting users' working in the Production model. Thanks to Anaplan's Hyberblock technology, I can build models containing data and calculations that far exceed anything I can build in other tools in terms of size and calculation complexity. Due to the ability to build and manage Anaplan models without help from a typical Information Technology (IT) team, I'm empowered to develop solutions for our users with minimal overhead or reliance from non-business teams.
How to increase data security by eliminating spreadsheets while breaking down silos
What do you like best about the product?
Anaplan's security via self services, single sign on and central identify management allows planning teams to stop sending risky emails with attachments and to plan and review via dashboards. By leveraging Anaplan, a centralized planning tool, the forecasting teams standardize processes, democratizes data via transparent data values and as a result breaks down silos.
What do you dislike about the product?
Anaplan is currently not an out of the box solution, so implenting it requires dedication from the business. The Anaplan way, and working with partners helps organizations positvely transform their planning process, but in the end the buisness has to commit and invest in change.
What problems is the product solving and how is that benefiting you?
Anaplan is providing transparency from start to finish in the planning process. During C-Suite reviews, if anyone asks: "where does that value come from" the presentor can drill down into the value. When previously preparing for C-Suite reviews, different parts of the organization may have calculated the same metrics with different logic or inputs, Anaplan forces the organization to provide transparency, alignment, and standardization where applicable to that planning process.
Anaplan is so impressive that I decided to make designing and working in it the focus of my career.
What do you like best about the product?
Anaplan is incredible at facilitating and coordinating any type of planning cycle. What I like most about it is that it's constantly being updated and improved upon.
What do you dislike about the product?
One downside of Anaplan is to truly get the most out of it you do still need to work with an experienced consultant. You can go at it on your own, but an experienced solution architect will enable your organization to reap the most value out of it as quickly as possible.
What problems is the product solving and how is that benefiting you?
Anaplan has allowed me to help many companies better coordinate and expedite their monthly, quarterly and annual financial planning cycles. I've often seen these processes done almost exclusively in Excel, which 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 for Alternative Investments
What do you like best about the product?
Anaplan's flexible model building platform allows users to create very unique models to handle a myriad of use cases in the alternative investments space, including carry calculations, carry allocation, fund modeling and more. The platform is easy to implement given that the formulas mirror excel.
What do you dislike about the product?
Anaplan does not have a very robust workflow management functionality.
What problems is the product solving and how is that benefiting you?
Anaplan gets companies out of excel and into a model with auditability functions and application lifecycle management.
Highly Recommend for Finance, HR and Supply Chain Planning
What do you like best about the product?
Anaplan is a very powerful modeling engine. It can handle large loads of data crossing multiple dimensions and calculate them in real time. It's highly scalable and very robust
What do you dislike about the product?
The biggest struggle with Anaplan has been their slow implementation of a fully functional new UX. I agree with their decision to replace the old interface, but it took several years for the new UX to get to a point where it seemed acceptable for an enterprise tool. There are still a few quirks here and there, but it is by and large a great UX.
What problems is the product solving and how is that benefiting you?
The ability to connect data across the organization allows for very powerful planning capabilities. What Anaplan calls "Connected Planning", allows for a holistic solution to all aspects of planning. This means you're not using disparate systems, spreadsheets, emails across departments. You have instant access to a 'source of truth' that everyone is sharing and working off of together.
Anaplan, the flexible calculation engine
What do you like best about the product?
Anaplan is able to calculate millions and millions of data points in seconds, while still providing a great amount of flexbility.
What do you dislike about the product?
Anaplan is not at a point where it can be used as a reporting tool, and still sometimes requires the use of another software for specific reporting requirements.
What problems is the product solving and how is that benefiting you?
I'm able to set up models in a way that scenarios can easily be added in order to create multiple forecasts.
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