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Adaptive Insights vs Anaplan comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Adaptive Insights
Ranking in Business Performance Management
9th
Average Rating
8.4
Number of Reviews
18
Ranking in other categories
Financial Performance and Strategy Management (3rd), Reporting (11th), Data Visualization (12th), ESG Reporting Software (5th)
Anaplan
Ranking in Business Performance Management
1st
Average Rating
8.0
Reviews Sentiment
7.9
Number of Reviews
26
Ranking in other categories
Production Planning (5th), Predictive Analytics (4th)
 

Mindshare comparison

As of November 2024, in the Business Performance Management category, the mindshare of Adaptive Insights is 3.8%, up from 2.7% compared to the previous year. The mindshare of Anaplan is 13.5%, down from 16.3% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
 

Featured Reviews

Andrew Rosenberg - PeerSpot reviewer
Adaptive scales well, simple to create new budget versions and models
For the organization I used to work at, it streamlined the process of creating budgets. 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. So that made it easy. Reporting was pretty easy to set up as well. It streamlined the amount of time it took to do the budget as well as kind of making it simple to implement a rolling forecast process. So, it really was more just a productivity increase and time shortening for the budgeting and forecasting process.
Kumaran Singaram - PeerSpot reviewer
Effective machine learning, constantly evolving, but price could improve
If the solution is built correctly there is no maintenance needed. The crucial aspect is to ensure that there are individuals who possess the knowledge to effectively utilize the tool. It is akin to piloting an airplane, where one must first acquire the skills to fly before attempting to operate it. Otherwise, they will crash it. I rate Anaplan a seven out of ten.

Quotes from Members

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

Pros

"It's very stable."
"We utilize planning on a daily basis, therefore we find it to be the most valuable product for our organization."
"The most valuable feature of the solution is its dashboard."
"It helps develop a more unified work format throughout the company."
"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."
"Automated reporting."
"Forecasting changes that instantly flow through all financial statements."
"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."
"The best thing is that it's very intuitive and user-friendly. You don't need coding skills to manipulate the platform."
"I believe Anaplan is a new cloud tool, and from time to time, there's a lot of improvement that the Anaplan company deploys with the system. So, with that improvement, we need to really adapt and know the new system trends."
"It's highly flexible. If you've got a complex environment with complex calculations, you can build that out. So that's a really good positive."
"Anaplan provides 130 GB of cloud storage for organizations to use as part of their license."
"Anaplan's scalability stands out compared to other platforms, especially for scenario planning and what-if analysis."
"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."
"The solution scales well."
 

Cons

"Users continue to become more advanced and are looking for more advanced solutions."
"The upload feature exists, but isn't terribly useful."
"Adaptive Insights has a limit of 1,00,000 rows for HTML reports. It should be improved because we will have multiple dimensions that need to be populated to enhance the image."
"Being able to drill down when using OfficeConnect needs work."
"We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time."
"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."
"Adaptive Insights could improve the data designer interface to make integrations easier to set up."
"Better user interface (UI)."
"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 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."
"When there is a lot of data, it sometimes takes long to load."
"It would be nice if the solution offered better extensions."
"There are workspace issues, like the limitation on model sizes."
"Automation needs to be built into this solution."
"The integration technique should be a little bit easier."
"One area of improvement is conditional formatting. It's not very practical, and you need to specify additional formatting."
 

Pricing and Cost Advice

"It's affordable."
"Licensing seems to be worth the cost considering the efficiency Adaptive brings."
"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."
"Adaptive Insights' pricing is reasonable."
"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."
"Everything is negotiable, but this solution is low cost compared to others."
"Ensure that you have the proper pricing plan in place."
"Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."
"A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
"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."
"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."
"This is an expensive product and if the price were reduced then it would attract more customers."
"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."
"The price of the solution is expensive."
"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."
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Top Industries

By visitors reading reviews
Computer Software Company
16%
Financial Services Firm
10%
Real Estate/Law Firm
8%
Legal Firm
5%
Educational Organization
29%
Computer Software Company
10%
Manufacturing Company
8%
Financial Services Firm
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

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 needs improvement with Adaptive Insights?
The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up. So, there could be room for just improving the integrations, making it easier to integrate outside sys...
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...
 

Comparisons

 

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: October 2024.
816,636 professionals have used our research since 2012.