Anaplan is a scenario planning and analysis platform designed to optimize decision-making in complex business environments so that enterprises can outpace their competition and the market. By building connections and collaboration across organizational silos, the Anaplan platform surfaces key insights.
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Wolters Kluwer CCH® Tagetik
Score 8.5 out of 10
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Tagetik is a corporate performance management solution that unifies budgeting, financial planning, consolidation and management reporting. Tagetik is offered as SaaS, on a private cloud, or on-premise, and can migrate between deployments as needed.
Anaplan vs Oracle Hyperion - Anaplan is far better calculation engine and way more modern. However, Anaplan still struggles to provide reporting, especially adhoc reporting in excel based off a data model.
Anaplan vs Pigment - Anaplan is a more proven product, however, Pigment …
Anaplan is easier to implement, easier to use, easier to maintain than these tools. It scales easily with the business. Workflows are easy to implement. It is easy to drill down and understand how the tool obtained a specific result, giving confidence in its calculations. …
Easy of use is Anaplan's main advantage. As Anaplan is code-less configuration, and the logic for model building is by far the simplest, it would make the learning curve less steep. This is very important when we are showing our clients that, their complicated planning scenario …
Anaplan is one of the only tools flexible to handle bespoke commission calculations. In addition to Sales Performance Management, Anaplan can be used to support other business functions, such as workforce planning or financial planning & analysis. Anaplan provides the …
Anaplan is a proven tool for scalable applications and is flexible to support multiple use cases. Its support is established and the user community is strong. Resources to support the product are readily available.
Anaplan is more powerful than Pigment considering that it is an Enterprise class system and is able to manage bigger data sets. Anaplan allows for advanced scenario modeling and formula capabilities along with custom reporting functionalities. Anaplan has proven its …
Anaplan and these other tools are very similar. I cannot say that I selected Anaplan over them as I have worked with and been involved with setting up a number of tools for clients. They all have their advantages and Anaplan is a very strong tool in the cloud planning space.
can be implemented across multiple use cases- also Anaplan is an enterprise solution. Had good reviews in market and also used by other competitors in industry
Both platforms are excellent but come with some challenges. They are often complex to configure and offer limited customization options. Their user interfaces are not very intuitive, and their reporting capabilities are somewhat restricted. The total cost of ownership is …
In my professional experience, I've exclusively worked with Anaplan. The tool's impressive features made learning it an ongoing, engaging process. Its continuous updates and capabilities kept me consistently learning and adapting, so I never felt the need to switch to a …
The tools generally fill different niches, Anaplan is the best for corporate and enterprise planning, OneStream's strengths are in Consolidations and working with large data sets by IT, and Pigment is a strong contender for finance teams at small organizations with less-defined …
Compared to OneStream and Venna Anaplan offers a more modern look and feel of the platform. It is better situated and maintained in regards of platform updates as it's a full SaaS software there are never any issues with the system version as it's always automatically up to …
Anaplan is using hyper block, so calculation is faster. The implementation of Anaplan is also very straightforward, so COE team can quickly catchup on the solution. If additional functions are required after go-live, COE can also support the implementation by themselves. …
Managing spreadsheets in Excel or Google Sheets becomes too time consuming as the business and team grows so transitioning to a tool like Anaplan is a natural evolution. I have used Power BI as a complement to Anaplan in the past in order to make the data that was consolidated …
Anaplan is cloud based which automatically removes the pain and risk that comes along with emailing around different versions of spreadsheets. Concurrent users can interact with different parts of the model at the same time greatly improving time spent adding inputs to the …
We selected Anaplan because of the breadth of their vision and their approach to tackle "planning" of all kinds and integrate planning processes into a true Connected Planning ecosystem. We found that their flexibility and ease of use ultimately provided a better avenue to …
After yeras of SAP adoption we decided to give a chance to Wolters Kluwer CCH® Tagetik as it was a new company on the market and offers us full support to archivi our targets
Compared to the competitors, Tagetik offered a platform mainly better in user overall experience, since this was one of the most important needs of the business. Also, reporting and data entry functionalities seemed to work better compared to the competitors, also considering …
We use Wolters Kluwer CCH® Tagetikfor budgeting, reporting, and consolidation already for a couple of years. And to speed up our (monthly / quarterly) close, we recently implemented the transaction matching and account reconciliation modules from Wolters Kluwer CCH® Tagetik. …
Oracle Essbase is another EPM software that we used but compared to Tagetik, it's not user friendly and the creation of dimensions and describing rules are more technically difficult. Drill down and analysis are not as easy as double clicking on Cch tagetik for immediate …
Similar, but with key strengths (report formats and online help and support) and some shortfalls (e.g. HFM ad-hoc reporting and smart view tools are better than those in Wolters Kluwer CCH® Tagetik). On balance, taking into account licensing and the full cost of ownership, …
SAP S/4 HANA is a standalone tool for databases. I don't know any other product which is that effective with the databases. but for many customers it's too expensive and powerful which also results in the knowhow is needed and otherwise its really hard to get into SAP S/4 HANA …
Tagetik have a better integration in all parts in our customers systems. it is a lot easier to implement the data. SAP has the problem that there is a lot of different programms and tools, which has to buy to work with a complete tool. But if one part is missing the total sap …
We have been using CCH Tagetik for uploading Financial data from our other ERP system such as ACCPAC, Navision, Talent etc.. My experience with SAP was using them as ERP system. Thus can't really do a lot of comparison between the two system. The main reason why CCH Tagetik was …
We have had a 3-year experience with Anaplan for budgeting and
performance management on part of our business. Anaplan is brilliant
provided you have technical skills to manage multi-dimensional data, and
1. Price - CCH Tagetik offers a price advantage as compared to bigger competitors. 2. Modules - CCH Tagetik is able to provide what the Finance of today needs. 3. Usability - It is not difficult to use once a user is able to grasps hold of the Tagetik concept and mechanism
We wanted a more accounting-based solution to meet IFRS 17. There are some solutions which were fundamentally more data-based or actuarial-based, hence we wanted a solution that was fundamentally strong in accounting/ financial applications.
CCH Tagetik was in the end the best choice for us. As I was not directly involved in the decision making process, I don't have all the details, but a combination of costanalysis, ease-of-use, migration-analysis and the fact that CCH Tagetik has a dutch office almost in walking …
Anaplan is best suited for strategic planning initiatives in industries like CPG, Manufacturing, FS, Pharma. It can handle multiple use cases for each function in the company like Supply chain, Finance, Sales and more. It is one of the best tools I have seen in scenario modelling. It is not suitable for very detailed level planning, essentially execution level eg. Production scheduling.
Well suited for large multi-entity international, multi-currency, multi GAAP groups with excellent report writing features, customizations, and validation traps with minimal IT support. The ability to customize dimensions and dimension structures is a key strength. The intuitive user interface enables easy adoption by new users and training times are short. Upload features via embedded customisable ETL and standardised Excel templates are very efficient. Error checking is intuitive and helpful. Less appropriate for small single entity businesses.
Processes are clearly described in CCH Tagetik ; users can easily find where they are and which action they have to make
Interaction with Excel is really fluid ; the Excel add-in is easy to deploy and to updgrade, in the hand of users. It is reliable provided the internet connection is fast.
Managing hierachies is obvious in CCH Tagetik. Hierarchies are fundamental for a good reporting ; CCH Tagetik has obviously a deep experience of this feature.
SaaS : our experience with CCH Tagetik is of only 1 year, but it technically performs well, the system is reponsive, no shut-down, and updates (every quarter) do not disturb production.
AIH seems to be able to manage very large quantity of data, and to provide advanced analysis functionalities. We did not have time to explore them.
The steps of setting up the loading of data is slightly painful.
The steps and error message while connecting the process workflow has to provide a hint on which area needed to be fixed (because it could be anywhere or anything).
The combination of 2 segments for the excel upload on what's needed to eliminate is yet to resolved. Which made the entire list very long.
Anaplan is already an established market leader in enterprise planning area. Its flexibility to build multi-dimensional models, real time scenario plannings are proven to be the best features and successfully implemented by global organizations. Anaplan's ambitious product team is ensuring to roll out new features regularly based on customer/ partner feedback. e.g their new improved polaris environment has strong potential to build very large models without worrying about sparsity. The integration with other tools/technologies is being easier (e.g. cloudworks). Hence, considering Anaplan as a platform that has proved to be successful tool in enterprise level planning, its focus on regular feature enhancements and future release roadmaps I believe this platform has potential to evolve further along with our business processes and requirements
Based on our business requirements, its current implementation and way of use (in terms of the efficiceny) it's more than certain that we will renew our contract with CCH Tagetik. CCH Tagetik increased our efficiency regarding reporting and provides more features which made it easier to take decisions. Besides of that, it provided he best solutions for reporting according to the Solvency II standards. Since this is still the case, it is also a reason to stay with CCH Tagetik.
Anaplan is interesting because it is at the same time easy to use and difficult to use. An end user can navigate a well-constructed app, being pointed in the right direction every time they feel a slight bit of confusion, and find everything they need in what feels like a straight line. Similarly, a model builder (developer of sorts) can have the exact same experience, but the journey is longer and more complicated. End users have great experiences with Anaplan, but sometimes model builders have a frustrating one. That is not to say model building is hard (because it truly is not), but things change, and when things change in complex systems, the effort required simply to investigate where a model builder needs to make an adjustment may frustrate them but also frustrate their non-technical bosses. However, the reality is that with complicated businesses, complicated business problems, come complicated solutions. It is actually a testament to Anaplan's capabilities that it has taken on the biggest problems at the biggest companies. It may be daunting to adjust it in those environments, but at least you know it did meet the needs there, which is more than most tools can say.
On a general level, it is a flexible, streamlined system, that can integrate operational data with accounting data for a better financial overview and budget planning. Reporting wise, the types and the amount of data analysis available or that can be created are close to endless. Having a quicker, more flexible way of analysing data certainly means better, faster reporting and better use of the data itself.
There are very few outages. Maintenance is scheduled on two or three Saturdays per month, so as not to affect businesses. When there is an outage, users are kept informed of progress to restore the platform and typically this takes no more than an hour. Anaplan customer support is very responsive if we ever have questions about platform issues
CCH Tagetik has alwyas been there in case we need help. In almost 20 years of commercial relationship, I have no evidence of times in which they were not available to answer a question or to solve an issue linked to their products, timely and efficiently.
Generally, pages load quickly and reports complete within a reasonable timeframe. However, when working with large or complex datasets or during times of multiple active users, performance can sometimes be impacted. That said, much of the performance depends on how the model is built and whether best practices have been followed. Optimized models tend to perform much better, so the experience can be somewhat subjective based on the setup.
As you can see, speed depends on the applications but also on the hardware that runs them. As far as CCH Tagetik improved, we saw the benefit of a cloud-based solution which could solve many speed performance issues.
Support quality has dropped since Thoma Bravo has taken over. I think some serious re-focus needs to happen here -- part of the beauty of being in the Anaplan community was how involved you felt in it before. Before I didn't dread sending a support ticket, now I am starting to.
I have had the pleasure of attending some courses at the dutch offices of CCH Tagetik. These were very educational with excellent trainers, a very enjoyable accomodation and they helped me a lot with regards to starting to use CCH Tagetik.
In my opinion, in-person training is always the best if you have the option to do so. This allows real-time interactions with the instructions, whereas the online training I took required me to write-down questions, email them, and wait for responses. This slows down the process, as you can imagine. That said, in-person training is an extra cost and it likely isn't needed for everyone. I would suggest selecting a small number of people to take in-person training and then having them act as mentors to the rest of your team. That way, as the rest of the team takes the online training, they have a resource to help them in real time.
Learning made easy . One of the best trainings i have attended. Training was very detailed training by the trainer, which helped me understand the basics of the model building. Level 1 training was easy and instructor was most helpful here. Level 2 training was challenging but was able to go thru due to understanding of the basics.
Online training is the only form of training we could deploy during the pandemic. This service has been nonethless delivered with the same standards and the same results of the traditional training procedures.
Agile methodology and breaking the work down into sprints was very helpful. Implementation required a deeper dive into our data than expected for the consultants to be able to construct the data model. But once it was in place, the focus on knowledge transfer enabled us to be able to use the product effectively after the team rolled off.
we did it in a coaching model. This allowed us to have 2 key advantages: we got to know the system very well and managed to save on the implementation cost. This worked well, was maybe a bit slower since we had to do this in our spare time. Nevertheless I strongly recommand
Anaplan is one of the only tools flexible to handle bespoke commission calculations. In addition to Sales Performance Management, Anaplan can be used to support other business functions, such as workforce planning or financial planning & analysis. Anaplan provides the scalability needed for an enterprise-level solution. While taking longer to implement, it also can provide a greater ROI.
Oracle Essbase is another EPM software that we used but compared to Tagetik, it's not user friendly and the creation of dimensions and describing rules are more technically difficult. Drill down and analysis are not as easy as double clicking on Cch tagetik for immediate information. But as I have not used this software much and tagetik more, this is all I can say
We have managed to leverage Anaplan for financial planning and forecasting across the business. It is now used by almost every department, with more than 50 users (but I know of companies that have hundreds of users) and still the platform is quick and reliable. It is easy to make changes to divisions and departments or add users and apply different user settings - the core part of the model is not affected and end users can continue their work without any disruption
A good and performing scalability both on a geographical and a legal entity scale. The link with MS Office suite allows an easy deployment of the application, especially for contributors.
Reduction in time spent by sales ops team in processing compensation by almost 20 %
Ability to drill down into each compensation calculation to understand the details of how the comp is calculated. This has provided more transparency / traceability to end users
we are able to release updates to the system faster as it is easier to maintain and sync
It has definitely helped to standardize reporting across the company. Teams are able to pull the same reports and everything has the same feel to it.
Since there are so many standard reports that we are able to create, it makes the analysts jobs easier since they are not spending so much time re-creating reports.
With any system, there is going to be some admin work required. Creating new reports, accounts and entities does take time, but it is fairly simple and doesn't take a ton of time.
