Adaptive Insights vs Anaplan comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Adaptive Insights
Ranking in Business Performance Management
10th
Average Rating
8.4
Number of Reviews
18
Ranking in other categories
Financial Performance and Strategy Management (2nd), Reporting (11th), Data Visualization (12th), ESG Reporting Software (5th)
Anaplan
Ranking in Business Performance Management
1st
Average Rating
8.0
Number of Reviews
24
Ranking in other categories
Production Planning (6th), Predictive Analytics (4th)
 

Mindshare comparison

As of July 2024, in the Business Performance Management category, the mindshare of Adaptive Insights is 1.4%, down from 2.5% compared to the previous year. The mindshare of Anaplan is 15.0%, down from 18.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
Unique Categories:
Financial Performance and Strategy Management
8.3%
Reporting
0.2%
Predictive Analytics
22.5%
 

Featured Reviews

Gregory Maxwell - PeerSpot reviewer
Sep 28, 2023
Easy to deploy product with a knowledgeable technical support team
Adaptive Insights allows us to create templates across different areas of the business. It helps develop a more unified work format throughout the company. All the team members can follow similar templates with the right details The product's most valuable feature is the ability to collect data…
Kumaran Singaram - PeerSpot reviewer
May 23, 2023
Effective machine learning, constantly evolving, but price could improve
Anaplan is used for various financial planning, such as supply chain, and consolidation My clients exhibit enhanced efficiency in financial planning, supply chain management, demand planning, and financial consolidation. They possess superior visibility, enabling swift action-taking. The most…

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"Reports are allowed to be edited for aesthetic purposes, which is lacking in a lot of other dashboard tools."
"The important feature is integration with source data. It connects to various ERP systems, including Workday, Intact, and others. It can also import actuals and compare them to PlanPoint quite easily."
"It's very stable."
"The integration with our payroll system to complete staff modeling during our budget and forecast processes."
"Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed."
"Forecasting changes that instantly flow through all financial statements."
"Automated reporting."
"We utilize planning on a daily basis, therefore we find it to be the most valuable product for our organization."
"It's simple to use with a lot of functions."
"You don't need to have a programming language to use Anaplan."
"Anaplan's in-memory calculation engine is super-fast compared to the old tools we previously used. You enter the data and everything shows up in one go."
"This product has a very good modeling feature, and its graphical representation of visualizations has also been valuable."
"Anaplan integrates well into my clients' core systems. The ability to aggregate the forms within the dashboarding is also useful. Only one of my clients has implemented workflow. Their usage has been very light. Dashboarding capability is probably the biggest one. My clients like having the ability to aggregate, slice and dice, and dynamically adjust things in the dashboards."
"Where we're seeing the opportunity in the market is at the Fortune 100 companies that have far more complex modeling type scenarios where you need to be able to have a lot of people collaborating together, and you need a lot of information all at everyone's fingertips. This is where you see the big advantage of a solution like Anaplan."
"Anaplan's most valuable features are that it's a no-coding platform, everything can be scaled to your other functions, and it's easy to learn and use (especially because Anaplan provides excellent interactive training)."
"It's real-time connected planning, so the calculations are pretty much seamless as far as your model is connected."
 

Cons

"The product's configuration process could be faster."
"We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time."
"The upload feature exists, but isn't terribly useful."
"Discovery (the data visualization module): Needs to catch up with BI leaders, such as MS and Tableau. E.g., sorting by amounts in column charts and page slicers to control all visuals."
"Users continue to become more advanced and are looking for more advanced solutions."
"Being able to drill down when using OfficeConnect needs work."
"Better user interface (UI)."
"It's a Workday product; they could do a little bit better to integrate a pure-play integration with Workday, which really doesn't do that."
"Automation needs to be built into this solution."
"Anaplan's workflow component is probably the biggest area for improvement. I'd also like to see Anaplan add an ad hoc reporting tool that allows users to query things. It's going to factor into how you design your data set and your models, but I'd like the ability to create ad hoc queries against the data that's in there."
"The negative is that the higher the flexibility, the higher is the complexity. That can act against you as a negative because it does require a model builder or a coder/developer."
"There are workspace issues, like the limitation on model sizes."
"Anaplan is a relatively expensive piece of software."
"The tool needs to work on its integration with MS Excel and MS Word. The tool does not allow data analysis in spreadsheets which is possible on other platforms. I want the solution to be more collaborative to facilitate decision-making in organizations."
"The solution can improve by providing an easier form of integration to different platforms, such as receiving data from different Salesforce. There is a process to do it through the use of some APIs but it could be made much easier. This would be a large help to us."
"Anaplan could be improved with a stronger consolidation module."
 

Pricing and Cost Advice

"Licensing seems to be worth the cost considering the efficiency Adaptive brings."
"Adaptive Insights' pricing is reasonable."
"Everything is negotiable, but this solution is low cost compared to others."
"Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."
"Pricing is in line with other cloud-based EPM tools. It is a subscription-based model based upon the number of users and site type if it's an admin or end-user type thing."
"Adaptive Insights' pricing is relative to its peer competitors. It's certainly competitive compared to a spreadsheet template that you build in Excel. It can be expensive if you need to have 100-500 budget holders giving input and building financial plans. However, in that case, it becomes an extremely good bargain. Compared to its competitors, it offers an excellent value."
"Ensure that you have the proper pricing plan in place."
"It's affordable."
"The cost of Anaplan is a challenge for clients, especially if they don't have an ongoing long-term use case for it. It's a $50,000 licensing fee just to get started. Clients need a strong business case to switch from Excel to Anaplan. But if clients have used something similar in the past, such as Hyperion or other solutions, that's not a factor because they know what to expect."
"The entry-level is anywhere from about $30,000 to $50,000 a year, however, it does go up significantly after that depending on the complexity and how much space you're using."
"This is an expensive product and if the price were reduced then it would attract more customers."
"This is a yearly subscription. So a customer initially buys a workspace and specifies how much GB they want. The minimum starts at around 30 GB. You can buy multiple workspaces."
"Anaplan is a bit pricier compared to its competitors - the license costs about $4,000 per user annually."
"We are currently using a free workspace license for 90 days. We are satisfied with the price of the solution. There are additional costs if you want more storage, the default limit is 250 GB."
"The tool’s pricing is reasonable and competitive with other solutions."
"The license is a yearly subscription. There are three licensing tiers: the model builder, planner, and the reporting."
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Top Industries

By visitors reading reviews
Computer Software Company
16%
Financial Services Firm
10%
Legal Firm
7%
Real Estate/Law Firm
6%
Educational Organization
27%
Computer Software Company
11%
Financial Services Firm
8%
Manufacturing Company
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

Which product is better for FP&A: OneStream XF or Adaptive Insights?
Here are some of the pros and cons of OneStream XF and Adaptive Insights for FP&A in the professional services industry: OneStream XF Pros: Unified platform for FP&A, budgeting, forecas...
What do you like most about Adaptive Insights?
It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.
What is your experience regarding pricing and costs for Adaptive Insights?
12 years ago, it was very affordable. Workday has definitely increased its price since it acquired Adaptive a few years ago. So, it's affordable. But there are other more affordable solutions that ...
What are your main use cases for Anaplan?
Anaplan is an industry-leading cloud-based corporate performance management (CPM) platform that combines business planning and analytics in a single solution. It is designed to assist organizations...
Is Board better than Anaplan as a Business Intelligence (BI) solution?
We've had several FP&A departments include Anaplan in their analytics discussions, and while BI information IS generated, the focus is generally on compiling input from various sources and simu...
Is Anaplan better than SAP ERP?
There are different aspects of both Anaplan and SAP ERP that I like and dislike. Anaplan improves forecast accuracy and drives up the quality of analytics. Rather than spending all of their time co...
 

Also Known As

Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning
No data available
 

Learn More

 

Overview

 

Sample Customers

1. Cisco Systems 2. Coca-Cola Bottling Co. Consolidated 3. Deloitte 4. DocuSign 5. Dropbox 6. Electronic Arts 7. Fender Musical Instruments Corporation 8. Fitbit 9. Fossil Group 10. Groupon 11. Hilton Worldwide 12. HP Inc. 13. Intuit 14. Johnson & Johnson 15. LinkedIn 16. Lyft 17. McAfee 18. Medtronic 19. Netflix 20. Oracle 21. Pandora 22. PayPal 23. Pinterest 24. Red Hat 25. Salesforce 26. ServiceNow 27. Slack Technologies 28. Spotify 29. Symantec 30. Tableau Software 31. Twitter 32. Workday
HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
Find out what your peers are saying about Adaptive Insights vs. Anaplan and other solutions. Updated: July 2024.
793,295 professionals have used our research since 2012.