Anaplan
Anaplan, IncExternal reviews
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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.
Using Anaplan for connected Supply Chain Planning use case
What do you like best about the product?
Anaplan is relatively low cost platform which provided business a quick ROI.
I am using Anaplan since year 2015 and switched my career to consulting, before year 2015 I used to work as a Head of Production Planning and Logistics for one of the Tata Group entity. I was responsible for end to end supply chain, production planning , distribution planning , after market and logistics planning. It was very difficult for me to do planning, budgeting, supply chain provisions in excel spread sheets at granular level of details, considering huge count of SKU's I was not able to create detailed rough cut /short term planning at product or product-customer level, because of which I always faced challenges while planning plant capacity, planning constraint based production etc. It was always difficult for me to commit production / distribution to sales team, impact on inventory carrying cost.
From 2015 I have started using Anaplan and I implemented many end to end Anaplan models in the field of Production planning, inventory planning , capacity planning, S&OP, demand planning, supply planning for multiple global customers and I really can see my clients taking huge benefit out of Anaplan in terms of profitability or cost reduction. With proper planning company can decide their strategy to make business more profitable. Anaplan is a great tool.
I am using Anaplan since year 2015 and switched my career to consulting, before year 2015 I used to work as a Head of Production Planning and Logistics for one of the Tata Group entity. I was responsible for end to end supply chain, production planning , distribution planning , after market and logistics planning. It was very difficult for me to do planning, budgeting, supply chain provisions in excel spread sheets at granular level of details, considering huge count of SKU's I was not able to create detailed rough cut /short term planning at product or product-customer level, because of which I always faced challenges while planning plant capacity, planning constraint based production etc. It was always difficult for me to commit production / distribution to sales team, impact on inventory carrying cost.
From 2015 I have started using Anaplan and I implemented many end to end Anaplan models in the field of Production planning, inventory planning , capacity planning, S&OP, demand planning, supply planning for multiple global customers and I really can see my clients taking huge benefit out of Anaplan in terms of profitability or cost reduction. With proper planning company can decide their strategy to make business more profitable. Anaplan is a great tool.
What do you dislike about the product?
Nothing to dislike, I think Anaplan is a great and competitive tool at this point of time in market.
What problems is the product solving and how is that benefiting you?
Problems solved - Rule based allocation / Allocations using Anaplan optimizer, capacity planning, production planning, distribution planning, Sales and operations planning, connected supply chain and finance planning.
Benefits -
Anaplan is very flexible to use
Takes extremely less time for planning
Easy to aggregate / disaggregate the data
Cloud based
Easy to integrate and highly scalable product
Benefits -
Anaplan is very flexible to use
Takes extremely less time for planning
Easy to aggregate / disaggregate the data
Cloud based
Easy to integrate and highly scalable product
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.
Anaplanner with 4 yrs Exp in Implementing End to End Anaplan solutions
What do you like best about the product?
1. Connect People and Data which helps planner to make the decision faster
2. Cloud-Based Platform which gives advantage of accessing Anaplan from anywhere in the world.
2. Cloud-Based Platform which gives advantage of accessing Anaplan from anywhere in the world.
What do you dislike about the product?
Less Charts Options and visualization in Anaplan models.
What problems is the product solving and how is that benefiting you?
Implemented Anaplan soutions in Supply Chain, Sales Planning and FP&A Domain.
Benefits
1. Data consolidation is substantially quicker - instead of it taking days, it now only takes seconds
2. The company has global visibility into quota attainment and sales performance on day one of the fiscal year. Anaplan reduced the time spent aggregating sales data from a month to three days
Benefits
1. Data consolidation is substantially quicker - instead of it taking days, it now only takes seconds
2. The company has global visibility into quota attainment and sales performance on day one of the fiscal year. Anaplan reduced the time spent aggregating sales data from a month to three days
Anaplan acts as a unified system for all financial planning needs
What do you like best about the product?
I've been using Anaplan for the past 10 years, and witnessed Anaplan ongoing product enhancements.
1.Regular updates ranging from modeling capabilities, user interface improvements, user management, machine learning based forecasting, workflow automation features makes Anaplan an increasingly powerful and user friendly platform.
2. Implementation time with Anaplan is notably shorter compared to other Enterprise Performance Management (EPM) tools, allowing organizations to deploy solutions faster and realize value more quickly
1.Regular updates ranging from modeling capabilities, user interface improvements, user management, machine learning based forecasting, workflow automation features makes Anaplan an increasingly powerful and user friendly platform.
2. Implementation time with Anaplan is notably shorter compared to other Enterprise Performance Management (EPM) tools, allowing organizations to deploy solutions faster and realize value more quickly
What do you dislike about the product?
Overall, I really enjoy modeling in Anaplan and its capabilities. However, I believe there’s still room for improvement in the user experience (UX) to enhance usability. Additionally, some Excel functionalities are not yet available in Anaplan, which occasionally requires workarounds
What problems is the product solving and how is that benefiting you?
We've been using Anaplan for over a decade, applying it across various financial use cases like Real Estate Cashflow modelling, Expenses and Financial Planning and Forecasting.
Our first implementation replaced a manual process involving 100+ spreadsheets from asset managers across locations. With Anaplan, we now have real-time, consolidated reporting on a single platform managing over 100 properties, eliminating time spent on data collection and manual reporting.
Our first implementation replaced a manual process involving 100+ spreadsheets from asset managers across locations. With Anaplan, we now have real-time, consolidated reporting on a single platform managing over 100 properties, eliminating time spent on data collection and manual reporting.
Recommendations to others considering the product:
Refer to the Apps in Anaplan App hub and check best practises articles like Planual and other Posts in community.
The ideal planning tool for a business oriented team
What do you like best about the product?
Initially my first good impression came with the training materials which allow self-learning while at same time being very business oriented. Working on it for a few years now I'm still impressed with how easy and flexible is to build a model and then changing it as needed, specially comparing to other similar tools.
What do you dislike about the product?
Lack of basic ETL tool to transform data to be imported
What problems is the product solving and how is that benefiting you?
Being a consultant, it allows me to build complex models for any planning issue that my clients presented so far.
Recommendations to others considering the product:
Have a go - training materials are excelent and if properly followed with the proper business expertise they will allow you to be quite self-sufficient
Anaplan as TPM
What do you like best about the product?
We implemented a TPM solution with Anaplan and found it very flexible in developing customized solutions. Integration with SAP was also seamless.
What do you dislike about the product?
Dashboard features could be a little better but new user interface is on the right track
What problems is the product solving and how is that benefiting you?
TPM related customer specific processes
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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