Anaplan vs. Workday Adaptive Planning

Anaplan

514 Reviews and Ratings

Workday Adaptive Planning

362 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Anaplan	Score8.6 out of 10	Enterprise companies (1,001+ employees)	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.	N/A
Workday Adaptive Planning	Score7.7 out of 10	Mid-Size Companies (51-1,000 employees)	Workday Adaptive Planning streamlines planning workflows, using AI and real-time data integration to improve collaboration and provide predictive forecasts for better strategic analysis.	N/A

Pricing

Anaplan

Workday Adaptive Planning

No answers on this topic

No answers on this topic

Pricing Offerings
Anaplan	Workday Adaptive Planning
Free Trial
No	Yes
Free/Freemium Version
No	No
Premium Consulting/Integration Services
Yes	Yes

Optional

Optional

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Community Pulse
Key User Insights
	Anaplan	Workday Adaptive Planning
Considered Both Products	Anaplan Pavan Kiran Bellamkonda Senior Consultant in Information Technology at Deloitte India (Offices of the US) (Information Technology & Services, 5001-10,000 employees) Chose Anaplan Anaplan is more flexible and agile to implement and can be customized to the requirements as it comes as a completely blank slate with no predefined templates. The data processing capabilities and functional logic available to set up the system are much superior. However, it … Incentivized Helpful? Christopher Allen Senior Consultant in Information Technology at EY (Information Technology & Services, 10,001+ employees) Chose Anaplan Anaplan is more flexible than Adaptive Planning--it's not limited to only financial statement planning. Anaplan can support all aspects of a business. Incentivized Helpful? Verified User Chose Anaplan 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. … Incentivized Helpful? Verified User Chose Anaplan 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 … Incentivized Helpful? Verified User Chose Anaplan 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 … Incentivized Helpful? Harshita Mysore Shankar Finance Systems Manager in Information Technology at Adobe (Information Technology & Services, 10,001+ employees) Chose Anaplan 1. Performance 2. Flexibility and Ease of Use 3. Security Incentivized Helpful? Verified User Chose Anaplan Anaplan is easy to implement and use and provides a lot of flexibility over other tools. Solution in anaplan can be developed by a limited set of model builders and can easily implemented if build properly and understanding the business problem. Anaplan is a good tool for … Incentivized Helpful? Verified User Chose Anaplan The only platform with the flexibility that matches Anaplan is Excel. However, excel is not scalable. There are also many great point solutions out there that can do one thing well, but I have not seen anything else that can do as much as Anaplan can, and do it well. Incentivized Helpful? Ravi Vandavagili Senior model builder in Information Technology at Splunk Inc (Computer Software, 10,001+ employees) Chose Anaplan Anaplan has greater flexibility and ease of use for any use cases, It connect different planning models with ease and making it is easy to adjust to changing business structures. It is able to handle large data, it is also helps complex planning and Analytics. It is well suited … Incentivized Helpful? Bruno Letarte Senior Manager in Finance and Accounting at Lionpoint (Financial Services, 51-200 employees) Chose Anaplan Anaplan provides all the functions required for reporting (IRR, previous, etc.). I also find the user experience is more intuitive for both end users and modelers. Anaplan has recently came out with a myriad of new features, and have announced even more. This is an evolving … Incentivized Helpful? Larissa Lowe Director, Sales Operations Business Systems and COE in Information Technology at DocuSign (Computer Software, 1001-5000 employees) Chose Anaplan DocuSign is one of the early Anaplan adopters, the tool was purchased way before I joined the company. So, I have little to say about the selection process. Based on my personal knowledge, Anaplan has: - better performance on large data volumes without the need to write … Incentivized Helpful? Jerry Wu Product Manager, Enterprise Apps in Information Technology at Snap Inc. (Online Media, 5001-10,000 employees) Chose Anaplan Anaplan is more scalable and better suited for planning outside of Financial Planning. Adaptive is limited to mostly Financial Planning and cannot do Sales Performance Management. Anaplan allows us to build models for all the different types of planning we do at our company. … Incentivized Helpful? Verified User Chose Anaplan Anaplan works well where you have a requirement for complete flexibility, such as in business structure, or in calculation methodology that is bespoke. You can tailor the system to your exact requirements, whereas some products come with pre-built modules that you might … Incentivized Helpful? Verified User Chose Anaplan Ease of use, intuitive design, business user friendly, quick implementation time Incentivized Helpful? Verified User Chose Anaplan Anaplan's UX and calculation engine tend to perform better. Regarding the UX, Anaplan's is very customizable and end-user-friendly. Some of the other solutions' UX looks very dated. Regarding the calculation engine, when an input is made in Anaplan it will calculate real-time … Incentivized Helpful? Verified User Chose Anaplan Anaplan is such a wonderful and powerful product. The NUX dashboards with time filters and user filters are much Incentivized Helpful? Verified User Chose Anaplan Anaplan is the most flexible solution that provides extended value across business value chains. Incentivized Helpful? James Bryson Director in Professional Services at Lionpoint Group (Information Technology & Services, 51-200 employees) Chose Anaplan Anaplan always comes out top for me for its ability to meet any client's needs Incentivized Helpful? Ankit Kabra Senior Consultant in Information Technology at Deloitte India (Offices of the US) (Information Technology & Services, 10,001+ employees) Chose Anaplan The ability to make processes makes Anaplan stronger against their rivals. Incentivized Helpful? Josh Baker Vice President of IT in Information Technology at PJT Partners (Banking, 501-1000 employees) Chose Anaplan Other platforms offer some scale vs Anaplan by adding great user interfaces and many out of the box functionality (Time filtering, versions, predefined tables (modeled sheet), chart of accounts (debit, credit)). However, very structured architecture makes edge use cases harder … Incentivized Helpful? Wenwei Liu Senior Consulatant in Professional Services at Tridant Pty Ltd (Information Technology & Services, 51-200 employees) Chose Anaplan Anaplan logic and formula is easier to understand by end users so they can be more independent when they started to use the tool. Also the self training courses are detailed and practical enough to give end users a better understanding of the functions and what they can achieve … Incentivized Helpful? Kris Sircar, MBA Reporting in Finance and Accounting at WorldStrides (Leisure, Travel & Tourism, 501-1000 employees) Chose Anaplan I believe that Adaptive is more user-friendly. The reason being, every functionality is intuitive. Also, it has an out-of-box reporting solution that allows the use of Excel for reporting purposes. Also, Adaptive offers a planning tool that allows users access to Adaptive … Incentivized Helpful? Verified User Chose Anaplan Anaplan is one of the better cloud-based EPM solutions out there. While it doesn't come with a lot of features/modules out of the box, once you get it up and running it's really powerful. There is a steeper learning curve than some other EPM tools out there which are … Incentivized Helpful? Verified User Chose Anaplan Anaplan was selected because of it's web-based portal and the ability for our team to manage the tool with little reliance on our IT group. Incentivized Helpful?	Workday Gene To Finance Manager in Finance and Accounting at Automation Anywhere (Information Services, 1001-5000 employees) Chose Workday Adaptive Planning Very easy to do it yourself. WIth Hyperion/Anaplan, I had to rely on outside resources to do basic model changes. Incentivized Helpful? Marvin Hartsfield Director of Finance in Finance and Accounting at Conexiom (Information Technology & Services, 201-500 employees) Chose Workday Adaptive Planning We did some analysis of Anaplan, but it seemed they were built for much bigger companies. It did not seem like we could implement and maintain Anaplan without significant IT support, which was one of the main goals of the project. Anaplan did seem like it could have more … Incentivized Helpful? Brandon Gappa Senior Financial Analyst in Finance and Accounting at Comcast Technology Solutions (Broadcast Media, 501-1000 employees) Chose Workday Adaptive Planning We looked at essentially three different products. Essbase (Current), Adaptive Insights, and Anaplan. We knew that Essbase wasn't the right solution for our business with historical experience, it was too difficult to forecast at the detailed business unit, department, and … Incentivized Helpful? Verified User Chose Workday Adaptive Planning Adaptive Insights is well-positioned against the new tier of SaaS players as well as the larger, legacy, on-premise financial planning solutions such as Hyperion and IBM Cognos TM1. Its got an approachable user interface and relatively easy to use models and forecast … Incentivized Helpful? Verified User Chose Workday Adaptive Planning We had looked at Anaplan, but people on our team had a stronger comfort level with Adaptive and the sales process with Adaptive felt less agressive. Incentivized Helpful? Verified User Chose Workday Adaptive Planning From our initial findings, Workday Adaptive seemed like it was going to be easier to get up and running out of the box and fit the needs of our company more. Incentivized Helpful? Verified User Chose Workday Adaptive Planning We ultimately chose Adaptive Insights as we wanted budget owners to use our budgeting/forecasting tool on a regular basis, and we felt that Adaptive was the most user-friendly for non-finance folks. Incentivized Helpful? Kris Sircar, MBA Reporting Analyst in Finance and Accounting at Worldstrides (Leisure, Travel & Tourism, 501-1000 employees) Chose Workday Adaptive Planning Adaptive has a simplicity of use that allows faster reporting. Incentivized Helpful? Timothy Bradshaw Sr. Financial Analyst in Finance and Accounting at Instructure (E-Learning, 1001-5000 employees) Chose Workday Adaptive Planning Adaptive Insights is better than their competitors because they have better "best practices" implemented, the product has a great interface, it has structure so your model doesn't get too messy, and it works well. It also has great scenario planning, Excel reporting functions, … Incentivized Helpful? Verified User Chose Workday Adaptive Planning Adaptive was easier for me to learn than the competitor product. The other product requires custom development, which takes time. However, once up and running it is easier to do analytics with less steps by using more formulas. The caveat is that it requires considerable … Incentivized Helpful? Verified User Chose Workday Adaptive Planning Adaptive was already being implemented when I joined the company, but we have heard that Anaplan has better capabilities but the cost is significantly higher. Incentivized Helpful?
	Would buy again
	No answers on this topic	No answers on this topic
	Delivers good value for the price
	No answers on this topic	No answers on this topic
	Happy with the feature set
	No answers on this topic	No answers on this topic
	Lived up to sales and marketing promises
	No answers on this topic	No answers on this topic
	Implementation went as expected
No answers on this topic	No answers on this topic

TrustRadius Insights
	Anaplan	Workday Adaptive Planning
Highlights	Research Team Insight Published June 24, 2020 Anaplan and Workday Adaptive Planning are both Corporate Performance Management products focused on budgeting and financial planning. However, they are most commonly used in different market segments, and are ideal at different points in businesses’ growth and development. Adaptive Planning, recently acquired by Workday, is most commonly used by midsize companies. The CPM tool integrates natively with the Workday HCM platform and is designed to help data flow smoothly from HR to finance and accounting processes in a unified system. Anaplan is more enterprise-focused, with a heavier focus on traditional CPM capabilities like financial process management and reporting. Features Anaplan and Workday Adaptive Planning both provide advantages for their users. Anaplan’s capabilities are scaled to enhance enterprises’ financial performance management. Reviewers highlight the platform’s flexibility and adaptability to business process and data structure changes. This customization is designed to help enterprises be more flexible and better absorb business changes. Anaplan also allows for a large number of different users on the platform for excellent collaboration support. Workday stands out for its support for midsize and growing companies, particularly those who have outgrown their Excel-based financial processes. Its Office Connect feature creates a familiar and accessible experience for professionals used to Excel-based financial processes and reporting without adding on a substantial training curve. For those who do require additional training, the Adaptive Learning Center provides a host of self-service resources for training and development. Limitations Anaplan and Workday Adaptive Planning also have certain limitations worth considering. Anaplan lacks some of the support that users look for from CPM vendors. In particular, some reviewers have found a lack of training materials when adopting and training on the platform. It also is limited as a standalone data warehouse for financial data. In contrast, Adaptive Planning reviewers have had issues with post-implementation flexibility in some areas. One area of note is the platform’s web-based reporting capabilities, which are more limited than on-premise features. Additionally, Office Connect is not a one-to-one match with Excel in terms of processes and functions, so there is still a learning curve and change management necessary when transitioning away from Excel. Pricing Anaplan provides 3 different packages, all priced by custom quote from the vendor. The Basic plan includes core CPM capabilities around model building, dashboarding, and Microsoft Office integrations. The Professional plan adds on Application Lifecycle Managament and Auditing support, as well as DocuSign and additional support features as add-ons. The Enterprise plan provides all of the features beyond Bring Your Own Key, including an Informatica iPaaS license and additional computational power. Workday Adaptive Planning offers two packages, each priced by quote from the vendor. The Standard package includes all the core features and capabilities, while the Enterprise package adds on unlimited storage, additional automation, and sandboxing. Workday also offers 3 license types, a Full Seat, or admins, which cost the most, Contributors, which are standard users, and Viewers, which can access data but not make changes.

Features

Anaplan

Workday Adaptive Planning

Comparison of BI Standard Reporting features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 7.4 214 Ratings	Workday Adaptive Planning 9.3 1 Ratings
Pixel Perfect reports	6.47 Ratings	9.01 Ratings
Customizable dashboards	7.9214 Ratings	10.01 Ratings
Report Formatting Templates	7.96 Ratings	9.01 Ratings

Comparison of Ad-hoc Reporting features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 9.1 8 Ratings	Workday Adaptive Planning 8.0 1 Ratings
Drill-down analysis	9.18 Ratings	9.01 Ratings
Formatting capabilities	9.18 Ratings	7.01 Ratings
Report sharing and collaboration	9.18 Ratings	8.01 Ratings
Integration with R or other statistical packages	00 Ratings	8.01 Ratings

Comparison of Report Output and Scheduling features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 8.4 221 Ratings	Workday Adaptive Planning 8.0 1 Ratings
Publish to Web	8.67 Ratings	00 Ratings
Publish to PDF	7.9219 Ratings	8.01 Ratings
Report Versioning	9.2192 Ratings	8.01 Ratings
Report Delivery Scheduling	7.98 Ratings	8.01 Ratings

Comparison of Data Discovery and Visualization features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 8.2 8 Ratings	Workday Adaptive Planning 7.7 1 Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)	9.17 Ratings	7.01 Ratings
Location Analytics / Geographic Visualization	9.17 Ratings	8.01 Ratings
Predictive Analytics	6.43 Ratings	8.01 Ratings

Comparison of Access Control and Security features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 9.3 224 Ratings	Workday Adaptive Planning 9.0 1 Ratings
Multi-User Support (named login)	9.18 Ratings	9.01 Ratings
Role-Based Security Model	9.8224 Ratings	9.01 Ratings
Multiple Access Permission Levels (Create, Read, Delete)	9.18 Ratings	9.01 Ratings
Report-Level Access Control	9.773 Ratings	00 Ratings
Single Sign-On (SSO)	9.18 Ratings	00 Ratings

Comparison of Mobile Capabilities features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 7.6 213 Ratings	Workday Adaptive Planning 8.5 1 Ratings
Responsive Design for Web Access	8.3204 Ratings	8.01 Ratings
Mobile Application	7.3190 Ratings	8.01 Ratings
Dashboard / Report / Visualization Interactivity on Mobile	7.9198 Ratings	10.01 Ratings

Comparison of Budgeting, Planning, and Forecasting features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 8.9 322 Ratings	Workday Adaptive Planning 9.6 187 Ratings
Long-term financial planning	9.1297 Ratings	9.5173 Ratings
Financial budgeting	9.3301 Ratings	9.7184 Ratings
Forecasting	9.3310 Ratings	9.6179 Ratings
Scenario modeling	9.2312 Ratings	9.6170 Ratings
Management reporting	7.7311 Ratings	9.5184 Ratings

Comparison of Consolidation and Close features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 7.7 275 Ratings	Workday Adaptive Planning 6.8 152 Ratings
Financial data consolidation	8.0255 Ratings	5.7115 Ratings
Journal entries and reports	7.4211 Ratings	5.475 Ratings
Multi-currency management	7.312 Ratings	7.987 Ratings
Intercompany Eliminations	7.39 Ratings	5.368 Ratings
Minority Ownership	7.38 Ratings	5.240 Ratings
Local and consolidated reporting	7.7244 Ratings	9.8102 Ratings
Detailed Audit Trails	9.0256 Ratings	8.7127 Ratings

Comparison of Financial Reporting and Compliance features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 8.0 293 Ratings	Workday Adaptive Planning 9.0 175 Ratings
Financial Statement Reporting	9.0271 Ratings	9.7154 Ratings
Management Reporting	8.0284 Ratings	9.6170 Ratings
Excel-based Reporting	7.8262 Ratings	9.4169 Ratings
Automated board and financial reporting	8.214 Ratings	9.6146 Ratings
XBRL support for regulatory filing	7.31 Ratings	6.928 Ratings

Comparison of Analytics and Reporting features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 9.2 313 Ratings	Workday Adaptive Planning 8.8 144 Ratings
Personalized dashboards	8.5307 Ratings	8.5126 Ratings
Color-coded scorecards	9.4291 Ratings	9.3105 Ratings
KPIs	9.120 Ratings	9.5117 Ratings
Cost and profitability analysis	9.3270 Ratings	8.8119 Ratings
Key Performance Indicator setting	9.5281 Ratings	8.9101 Ratings
Benchmarking with external data	9.114 Ratings	8.170 Ratings

Comparison of Integration features of Anaplan and Workday Adaptive Planning
Feature	Anaplan 8.1 319 Ratings	Workday Adaptive Planning 8.8 165 Ratings
Flat file integration	8.9309 Ratings	9.0129 Ratings
Excel data integration	7.8287 Ratings	8.8158 Ratings
Direct links to 3rd-party data sources	7.5269 Ratings	8.7120 Ratings

User Ratings
	Anaplan	Workday Adaptive Planning
Likelihood to Recommend	8.9 (335 ratings)	9.0 (216 ratings)
Likelihood to Renew	10.0 (35 ratings)	7.6 (43 ratings)
Usability	9.0 (64 ratings)	8.9 (122 ratings)
Availability	9.1 (7 ratings)	7.3 (11 ratings)
Performance	9.1 (7 ratings)	9.1 (5 ratings)
Support Rating	4.2 (27 ratings)	8.2 (33 ratings)
In-Person Training	9.1 (6 ratings)	8.2 (2 ratings)
Online Training	8.5 (7 ratings)	7.3 (9 ratings)
Implementation Rating	8.9 (27 ratings)	8.6 (27 ratings)
Configurability	9.1 (5 ratings)	8.2 (5 ratings)
Contract Terms and Pricing Model	- (0 ratings)	7.3 (1 ratings)
Data Sharing and Collaboration	- (0 ratings)	7.5 (17 ratings)
Data Sources	- (0 ratings)	7.6 (17 ratings)
Ease of integration	9.1 (3 ratings)	7.3 (8 ratings)
Product Scalability	9.1 (7 ratings)	8.2 (12 ratings)
Professional Services	9.1 (1 ratings)	8.2 (1 ratings)
Vendor post-sale	9.1 (4 ratings)	8.2 (4 ratings)
Vendor pre-sale	9.0 (4 ratings)	6.4 (4 ratings)