Anaplan Review - why 4.4 stars?

Anaplan Review
ITQlick Score: 89/100
ITQlick Rating: (4.4/5)
Pricing: 5.6/10 - average cost
Category: Business performance management -> Anaplan
Ranking:Ranked 2 out of 46 Business performance management systems
Company: Anaplan
Typical customers: Small, medium and large size businesses
Platforms: Cloud
Links: Anaplan pricing, Anaplan alternatives
Shlomi LaviShlomi Lavi / updated: May 21, 2021

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What is Anaplan?

Officially launched in 2011, Anaplan is becoming one of the most prominent players in the budgeting software field, with a customer base increase of 500% in 2012 around the world, and clients such as Jive, Pandora, McAfee and Kimberly-Clark.

Anaplan stands out with its scenario planning and powerful performance analytics, combined with a highly scalable platform which make it a fitting solution for fast growing businesses looking into performance management and future forecasting abilities.

This solution offers a unified approach to planning and performance management that allows aligning data between departments that usually do not work well together because of incompatible tools or methods, thus creating an accurate model with priceless added value that can be leveraged towards future expansions.

Anaplan is funded by Meritech Capital Partners, with business partners in USA, most of Western Europe, Russia, Czech Republic, and recently Asia.

What is Anaplan rating? ()

The rating of Anaplan is 4.4 stars out of 5 and the total score is 89 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Anaplan's typical customers?

Anaplan’s target users are executives from sales, operations and finance, and its sales orientation that includes features such as modeling for maximizing sales per sale territory will apply to global companies with branches across the world.

Anaplan's main market is big enterprises willing to improve the performance of their company. This is a market already invaded by big names like Microsoft, SAP, Oracle and IBM but Anaplan hopes to win its share of it by bringing in a new technology that would combine cloud with in-memory architecture.

Key customers currently using Anaplan are big technology multinationals like McAfee, Nokia and Hewlett-Packard, and companies such as Diageo, Taylor Wimpey, Pandora, Lexmark International, Inc. and Activision.

Is Anaplan the best Business performance management?

Anaplan is ranked 2 out of 46 software in their category (Business performance management systems).

What are their main features and functionalities?

Anaplan was designed to improve business performance, analysis, planning, forecasting and modeling. It is capable of scaling to meet the needs of the biggest companies in the world.

Anaplan allows you to update plans on the fly, collaborate with team members and turn complex business operations into easy to use models. Its true cloud SaaS model and in-memory architecture require minimal IT intervention, and its simple Excel-like UI allows quick user implementation. In addition, Anaplan’s self-service approach allows end users to quickly and easily build their own applications without consuming IT resources.

What are Anaplan's pros? (5 Pros)

  • Anaplan can easily translate data into multi-dimensional models
  • Changing business dynamics is as easy as updating plans
  • Facilitates collaboration between executives in a large enterprise
  • Anaplan can be accessed anywhere, including mobile devices
  • Anaplan's cloud-based platform delivers all information in real-time

What are Anaplan's cons? (2 cons)

  • The only 2 languages available are English and French
  • No on-premise version is available

Who are their main alternatives?

The competitors for Anaplan include Adaptive Planning and Prophix.

Prophix includes a comprehensive planning suite to support corporate performance management. Its features include revenue & cash flow planning, project & capital expenditure planning as well as strategic planning to support budgeting & forecasting. In addition there is personnel planning for resource cost optimization, and support for profitability analysis to improve both sales & operations decision making. Prophix also includes a strong business analytics portfolio that supports dashboards, scorecards and market benchmarks as well.

In comparison while Anaplan addresses similar financial planning aspects, the product extends into sales and operations planning as well. In sales this includes planning for territory & sales quotas, trade promotions, as well as incentive compensation. While in operations there are options for project & site development planning, as well as demand planning to optimize customer requirements. Companies can choose to utilize existing planning models or use the product’s dynamic modeling interface to develop their own planning applications.

Adaptive Planning provides a similar solution to Anaplan but includes support for rolling forecasts which can update the planning process dynamically with real time data updates. Additionally the product can handle capital asset planning to improve allocations. Adaptive Planning also supports modeling for multiple organizational instances and provides self service portals with data analytics for individual planning requirements.

Anaplan on the other hand offers integration with Salesforce, includes workflow automation in a collaborative platform and supports mobile device access as well. Additionally companies can take advantage of its multi-dimensional planning feature to model various requirements of different organizational levels.

What is the cost of Anaplan?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 5.6 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Anaplan

What should you ask Anaplan during a demo session? (65 questions)

Schedule a demo with Anaplan and access 65 must ask questions for the vendor while watching Anaplan in action. Visit the vendor's website here.

Anaplan's list of categories:

Budgeting & CPM
Business performance management
Banking CRM
Casino CRM
Customer Loyalty
Healthcare CRM
Insurance CRM
Mac CRM
Mobile CRM
Online CRM
Pharmaceutical CRM
Real Estate CRM

Anaplan's list of features:

Business Performance Optimization
Dashboarding
Data mining
Capital Asset Planning
Graphical Data Presentation
Multi-Department / Project
Production budget
Project Budgeting
Sales budget

Anaplan Vs. Alternatives

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Review
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.