Anaplan
Anaplan, IncExternal reviews
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Premium User experience, Ease of use along with Powerful core is what works really well for Anaplan.
What do you like best about the product?
Wide knowledge-base and timely efficient delivery are one of the best resources available.
What do you dislike about the product?
Currently still evolving with upcoming updates and feature, more flexible lifecycle management along with more real case functions will benefit platform more.
What problems is the product solving and how is that benefiting you?
Anaplan is versatile and applicable among multiple use cases. Have seen practical application of Territory Planning, Staffing and Data Hub scenarios.
Simple, powerful, and easily leveraged
What do you like best about the product?
The best part about using Anaplan is the ease of connecting models & various use cases into a consolidated format for the end users. For example, a P&L can be the backbone of a reporting model with smaller calculation models that feed the end result. This allows the models to be more granular in nature without affecting the main submission model and reduces performance impacts on the main model.
What do you dislike about the product?
Some functions are limited (like subset of versions, subsets of users), but there are workarounds that the community has suggested. The roadmap is constantly developing and we are seeing some issues addressed with the releases. One major aspect that is recently being addressed is the key word highlighting when writing formulas. It is still in its infancy and has a bit of ways to go before it can be fully utilized.
What problems is the product solving and how is that benefiting you?
Our use cases currently include aggregating a bottoms-up forecast for financial metrics, allocations of sales data for more granular visibility into performance, a bottoms-up calculation to determine COGM by product and region. It ultimately shortens time to understand where the numbers are coming from; perform allocations with minimal interaction; integrates with 3rd party platforms via APIs. We have seen a reduction in errors per forecast and time required in the model.
Recommendations to others considering the product:
Spend the time upfront to flesh out your data structures & feeds - it can save you many headaches once you're knee-deep building a model. Keep a close relationship with the ones building integrations and tables in your warehouse if you don't have a resource dedicated to your team. Otherwise, it can be cumbersome to develop the proper connections for your data automation processes.
Strong Planning Tool with ample training
What do you like best about the product?
Cloud based, multi-dimensional, flexible
What do you dislike about the product?
slow support response, outages, expensive
What problems is the product solving and how is that benefiting you?
reduced efforts spent planning FP&A, S&OP and SPM
Senior Consultant
What do you like best about the product?
Connectivity and real time processing of data inputs and updates
What do you dislike about the product?
Some display capabilities and functionality
What problems is the product solving and how is that benefiting you?
Demand and supply planning, forecasting, logistics and corporate/department finances
Recommendations to others considering the product:
Know the business case and usage possibilities for the tool
It solves requied tasks. It's easy for end users
What do you like best about the product?
online access for top managent.
speed of refresing data on dasbords
speed of refresing data on dasbords
What do you dislike about the product?
not clear control of users.
we can't use roles for selective access
we can't use roles for selective access
What problems is the product solving and how is that benefiting you?
Long-term (30+years) financial modelling
Budgeting for next year
Reporting
Budgeting for next year
Reporting
Anaplan for Corporate Planning - Financial Services
What do you like best about the product?
The flexibility to ingest data from multiple source systems, flat files, and quickly produce models. Having the skill set in house to design, architect, and deploy models rapidly allows Anaplan to be a robust option for many corporate projects.
What do you dislike about the product?
The user interface offers limited presentation ready options. Working in Financial Services, the branding, formatting, and clean lines are an important factor that are missing. As the user interface becomes more readily available it will help with this.
What problems is the product solving and how is that benefiting you?
We have reduced operational risk and reduced data security by migrating several spreadsheet processes to Anaplan. (Including strategic compensation, revenue forecasting, cash forecasting, accounts receivables, business development pipeline).
Recommendations to others considering the product:
It is important to select the right consultant for implementation of Anaplan. Although the tool is flexible, having the correct architecture from the start enables future success exponentially. As the company moves towards deployment it is highly recommended to hire internal talent to support and continue expansion throughout the organization. A reliance on 3rd Party Vendor support to expand and drive user adoption often creates disconnected models, inconsistencies with data, and lack of congruence in terms of formatting/functionality because of the bespoke nature of the platform.
Connected planning that automates budgeting and forecasting.
What do you like best about the product?
connectivity with all models and external source. Inputs connected to all other tables. New UX becoming a lot smarter compared to the old UX.
What do you dislike about the product?
lead time to build from scratch and inputting data is considerably slower compared to excel.
What problems is the product solving and how is that benefiting you?
siloed departments brought together, reducing amount of time spent on budgeting and forecasting.
Live changes to the figures making an instantaneous update to forecast number.
Live changes to the figures making an instantaneous update to forecast number.
Recommendations to others considering the product:
Highly recommend Anaplan as a tool to connect between various department and systems to do forecasting and budgeting.
Anaplan a pwerful cloud tool for planning and forecasting
What do you like best about the product?
- It's easy set-up - no dedicated server needed (no IT involvement needed)
- No coding skills are needed. Pretty much anyone that can build excel models can build models in Anaplan
- Granular read/write access control by user
- System of record
- Powerful and flexible
- Connected models
- No coding skills are needed. Pretty much anyone that can build excel models can build models in Anaplan
- Granular read/write access control by user
- System of record
- Powerful and flexible
- Connected models
What do you dislike about the product?
- Dashboard formatting
- Poor data visualization
- Slow to push community requested features
- When reaching the maximum size of the workspace, models tend to ger slower
- Poor reporting capabilities
- Poor customer support
- Poor data visualization
- Slow to push community requested features
- When reaching the maximum size of the workspace, models tend to ger slower
- Poor reporting capabilities
- Poor customer support
What problems is the product solving and how is that benefiting you?
We use Anaplan for planning and forecasting company-wide sales and revenue. It helps us consolidate inputs from different teams, regions and tools into a single platform, which makes the planning process more consistent and less reliant on spreadsheets. Before Anaplan, we used Excel, and it was hard to keep everything aligned—especially when we needed to update numbers or run different scenarios. Now we can do that much more easily and quickly. The main problems Anaplan helps us with are 1) Having multiple versions of the forecast/plan and not knowing which is the final one, 2) managing the read/write access to the forecast/plan, 3) when a new scenario modeling was needed, it would take us significant time, 4) loading data into our forecast tool (excel) was a manual and tedious process, 5) Updating presentation decks with the latest forecast/plan
Recommendations to others considering the product:
If you are looking for a platform that requires minimum effort to set-up and can provide the ttols needed for a fully connected planning, then Anaplan is ideal for you.
Scalable tool that is easy to use and adapt in various industries.
What do you like best about the product?
I have been using the platform for a little over 2 years. It is easy to use and very scalable. The tool can be used for a plethora of applications and modeling cases. Anaplan provides a lot of training resources for new users in order to bring them up-to-speed.
What do you dislike about the product?
The Lifecycle Management for the application is a little tricky. For example, if you make multiple changes in the Development environment, you cannot promote just a few of them into production. It is all or nothing. There are ways, though, to get around this limitation.
What problems is the product solving and how is that benefiting you?
We are using Anaplan for out annual budget process as well as out quarterly forecasting. We have created a few models (Data Hub, OpEx Planning, Project Planning, Workforce Planning), and always looking to expand them. From the first year of using this tool, we have realized tremendous savings in timing from thee submission of the budgets from the departments to the rollup and analysis by FP&A.
Recommendations to others considering the product:
Leverage the training that is provided by Anaplan! Additionally, there are several apps that are already created by Anaplan that you can use in order to jumpstart your implementation. If choosing to go with a partner for the implementation, ensure that you are heavily involved in the process and that you receive good documentation of all the modules and models that are built.
Generally very good experiences with Anaplan, constant advancements are encouraging
What do you like best about the product?
Flexibility to build complex models creatively. Options are endless if you know what you're doing.
What do you dislike about the product?
Implementation was difficult, hard to train model builders. Visualizations have been lacking, have seen improvement there on the new UX.
What problems is the product solving and how is that benefiting you?
Creating budgets and monthly forecasts across 70+ properties with 100+ people involved in the process. Replaced excel based processes that required lots of manual labor to consolidate. Easy to report anything up to executive committee and external investors in seconds.
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