Workday Adaptive Planning - Top 4 Alternatives (Mar 2022)

Shlomi Lavi / updated: Mar 09, 2022

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Workday Adaptive Planning compete with other budgeting & CPM systems like Planful, Anaplan, and Board. We will compare these budgeting & CPM systems in some specific aspects below.

• Functionality: Workday Adaptive Planning offers features like Workforce Management, Revenue Management, Expense Management, Capital Management, Profitability Analysis, Balance Sheet & Cash Flow, and Financial Close. Compared to its alternatives, Planful offers features like Plan, Budget & forecast, available in Workday Adaptive Planning and Anaplan. Planful also offers Close and Consolidate, which are available in Workday Adaptive Planning. Planful offers Annual Operating Plan (lacking in Workday Adaptive Planning and available in Anaplan), Financial Reporting (lacking in Workday Adaptive Planning), Workforce Planning (available in Workday Adaptive Planning), Cash Flow Forecasting, Scenario Analysis, Rolling Forecasts, and Financial Close Management (available in Workday Adaptive Planning). Anaplan offers features like supply & demand planning, sales insight, incentives, and planning lacking in Anaplan and Workday Adaptive Planning.
• Customers/Industries: Workday Adaptive Planning target Higher education, Hospitality, Retail, Professional Services, Nonprofits, Manufacturing, Financial services, etc. Customers using Workday Adaptive Planning are Airbnb, Airbus, The University of Arizona, Blue Cross Blue Shield of Rhoda Island, etc. Anaplan targets Banking and Capital Markets, Consumer products, insurance, Life sciences & Healthcare, Retail, Technology, Telecomm, etc. Customers using Anaplan are DocuSign, TATA Steel, Zillow, Sonos, Carter, Unum, etc. Board targets Retail, Professional Services, Automotive, and CPG. Customers using Board are Coca-cola, KPMG, Puma, United States navy, Mitsubishi Electric, etc.
• Cost: The license cost information for Workday Adaptive Planning and its close alternatives mentioned in this review are unavailable on their official website. However, according to ITQlick expert cost research, Workday Adaptive Planning is cost-rated at 4/5, which means it is a high-cost budgeting & CPM software. The rating system considers this software rated 1-2 as low-cost and 4-5 as high cost.
• Popularity: Workday Adaptive Planning, founded in 2003, is a publicly-traded company with over 5,200 organizations strategically using its planning solutions. Board, founded in 1994, is privately held with over 3,000 customers.
• Scalability: Workday Adaptive Planning offers planning solutions for businesses of all sizes. Workday Adaptive Planning, Board, and Planful, can also scale businesses from small and midsized to an enterprise.
• Support: Workday Adaptive Planning and alternatives share similar support channel offers like Email/Help Desk and FAQs/Forum. Workday Adaptive Planning, Board, and Planful offer a knowledge base and phone support lacking in Anaplan. Workday Adaptive Planning, Board, and Anaplan, offer Chat which is lacking Planful. Board and Anaplan offer 24/7 live rep, which is lacking in Workday Adaptive Planning and Planful.