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Anaplan Reviews & Product Details
Anaplan is a dynamic, cloud-based Corporate Performance Management (CPM) software that empowers organizations to plan, collaborate, and make informed decisions quickly across various business functions. Its flexible modeling and scenario planning capabilities enable users to adapt to changing business conditions, integrating data and processes across finance, sales, supply chain, and HR. With Anaplan, businesses can streamline their planning processes, enhance strategic decision-making, and drive performance improvements, all within a secure and scalable platform.
| Capabilities |
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|---|---|
| Ease of use |
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| Deployment | Cloud / SaaS / Web-Based, Mobile Android, Mobile iPhone |
| Support | 24/7 (Live rep), Chat, Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support |
| Training | Documentation |
| Languages | English |
Anaplan Pros and Cons
- High flexibility in modeling complex business scenarios.
- Facilitates real-time collaboration across teams.
- Scalable to handle large datasets and complex models.
- Robust integration capabilities with various enterprise tools.
- User-friendly interface despite advanced functionalities.
- High cost, both in licensing and implementation.
- Steep learning curve requiring significant training.
- Performance issues when handling very large datasets.
- Ongoing maintenance demands dedicated resources.
- Potential vendor lock-in due to platform dependency.
Compare Anaplan with other popular tools in the same category.
The ease and efficiency of use, it allows people to spend less time planning and more time with their friends and family.
When the model locks down it can lock for long periods of time.
It's allows my customers to have a multi-dimensional platform with the ability to make an input once and leverage these inputs/calculations many different times. As my clients have expanded thei footprint within Anaplan they are know able to not only pull each other's data/results and work extremely more efficently.
- Great for complex calculations - Transparency in calculations/formulas - Easy to use end user experience - Data integration options - Bolt on workflow option
- Have to pay for Polaris - With the classic model not able to create sparse modules
It allows for complex calculations and having the ability to slice in dice for end user reporting, with great data integration options available like cloudworks or Anaplan connect
Anaplan is an extremely powerful calculation engine and planning tool that gives model builders tons of flexibility to creatively solve almost any problem
The front end "pages" are still not very flexible. Many views that are needed by end users are not possible without using the "Management Reporting" feature, however this is more for reporting and you lose almost all of the functionality from the traditional pages that gives end users the ability to interact with the model.
Anaplan is our central hub for forecast owners across our business to see their actual spend within their departments and enter their budgets and forecasts,
Business-owned and low code solution. Highly extensible and requires limited reliance on IT organization.
Scalability of solutions for large user bases (15,000+)
Various Sales Planning use cases
Anaplan is a multi-dimensional planning tool that allows you to bring together multiple sources of data to act as the one source of truth for planning. With versions and flexible time scales, you can plan for any eventuality as far out as you need to.
The lack of workflow was an issue, butAnaplan has implemented this recently and looks to provide what we need. It good to know they listen to their customer base.
Anaplan acting as the one source of truth for your data allows greater faith in the numbers throughout the business. it also speeds up the whole reporting process allowing more agile planning throughout the business.
Anaplan is almost as flexible as Excel. You can pretty much model anything you want and without the need to write scripts. Anaplan is probably the most flexible modelling tool on the market. This means people can stick to their models and don't have to conform to any other standard.
Just like Excel it is affected by the numbers of cells used in the model. Fortunately, we are talking here of billions of cells before running into any sort of issues but still. It would be great not having to worry about it.
Collaboration is drastically improved. People don't need to send each other spreadsheets or worry about formula errors. Multiple stakeholders can access the platform simultaneously but can only see the data they have access to. The calculations happen live without the need to refresh nor save anything.
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.
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).
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
Anaplan standardizes and promotes healthy processes and workflows within a business. It centralizes key hierarchies which are used across multiple calculations and business units, ensuring everyone is on the same page and eliminating duplication of work effort.
The new UX has a grid system that does not lend itself to holding a lot of data on one dashboard. However, the improved user interface is more attractive than the previous iteration referred to as "classic dashboard"
Anaplan is a robust calculation engine that regularly uncovers longstanding errors within excel processes. In all of my clients, once processes are moved or rebuilt in Anaplan, we have found long standing formula errors and irrelevant hardcoded values when reconciling to Anaplan. Anaplan is incredible flexible and I have personally used it across multiple use cases (monthly FP&A reporting, revue forecasting, HR management, recruitment, WFP, data hub, budget consolidation, comp planning, waterfalls)
I like the flexibility and the fact that Anaplan drives the collaboration. When implemented for multiple use cases can really play a pivoting role in the way your business is organized and how you approach planning and forecasting.
The downsize of Anaplan is that it require quite some knowledge in order to get the true value out of it. The flexibility is so signifficant it can sometimes lead to unperformant solutions, unless done wisely.
Anaplan solves the issue of multiple separate excel files and disconnected planning processes. It can transform your chaotic business processes into an integrated planning platform. It changes the chaos into collaboration.
I like that Anaplan can always show exciting results to clients quickly. Even if a model is only in its infancy, the client can still see the vast benefits offered & the real-time savings they get out of it. I love the scalability and emphasis on embracing connected planning principles. By doing this, organizations can realist sustained improvements that have the ability to expand beyond just the current use case. These concepts seamlessly translate to an intuative user experience for all stakeholders.
Sometimes Anaplan can be so dynamic that seemingly effortless things are missing from the model builder or user perspective. An example can be publishing specific page selectors in different areas, ease of filtering, etc. Another specific example would be native time filtering options when building in a module with 'Time' as a dimension. However, Anaplan has made a lot of strides with these features both in the classic model building mode and the UX.
I have solved problems related to a lot of manual work in excel. Many clients are hampered by vigorous offline processes that take forever to complete, which eats into time better spent elsewhere. There have also been complex allocation pain points that Anaplan has alleviated. Anaplan has also helped us achieve connectivity across organiztion. It has improved accuracy and synergy across different processes that has enabled effective growth and expansion. Once clients realize the how Anaplan can enhance connected planning, it leads to increased adoption & enthusiasm for the product.