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Anaplan vs Board comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Anaplan
Ranking in Business Performance Management
1st
Average Rating
8.0
Number of Reviews
26
Ranking in other categories
Production Planning (5th), Predictive Analytics (4th)
Board
Ranking in Business Performance Management
10th
Average Rating
8.4
Number of Reviews
36
Ranking in other categories
BI (Business Intelligence) Tools (23rd), Reporting (20th)
 

Mindshare comparison

As of November 2024, in the Business Performance Management category, the mindshare of Anaplan is 13.5%, down from 16.3% compared to the previous year. The mindshare of Board is 5.5%, down from 6.0% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
 

Q&A Highlights

CC
Aug 10, 2021
 

Featured Reviews

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…
Wiboon Thabsuwan - PeerSpot reviewer
Jul 17, 2024
Easy to use and requires less time to learn or understand its features
I think the product is good in terms of ease of use. The interface looks really nice and very easy to use. Every command appears in the icon. It looks like you don't have to understand everything about the command. You do not necessarily have to know more, or I would say that there is less time for our study about the products. Functionality-wise, it is quite easy to use and requires less time to understand or learn about the product. I am a software vendor, so I do not use the tool myself. I use it for my clients. My clients mostly use it for budgeting and timing purposes. I would say that's really less maintenance at all because they can do everything by themselves. It is good in terms of ease of use.

Quotes from Members

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

Pros

"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 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."
"It's simple to use with a lot of functions."
"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."
"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)."
"Anaplan is a three-dimensional cloud platform that is good for analyzing data, visualization, integration, terrific for visibility."
"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."
"Technical support has been good."
"It is very easy to use. It has got what they call a toolkit, which is a no-code development environment. You can develop a whole solution with it because it is a complete platform. There is a lot of online material that can be used as a reference. You can help yourself while developing a solution. There are some prebuilt applications in the platform environment. You can very easily customize and integrate these applications. It also has flexible scaling of machine resources, which is really great."
"Where it used to take me three days at the beginning of the year to create the new financial statement, now it is a matter of minutes because all the data is in the system."
"It has definitely saved us time, especially in our budget and planning processes."
"It is easy to make quick updates. As the business changes, we can maintain the tool without programming help from IT."
"I liked the way that I felt as a user and administrator of it. There were a lot of clicks, drops, drags, etc. versus writing code."
"The ability to create a data model and have it in testing within a week is fantastic."
"It has a good set of visual elements that you can use and can explain quite well."
"The aesthetics of it are really nice. That is what attracted us to BOARD: the ease and functionality of it."
 

Cons

"Anaplan could be improved with a stronger consolidation module."
"It would be nice if the solution offered better extensions."
"The integration technique should be a little bit easier."
"Anaplan is a relatively expensive piece of software."
"One area of improvement is conditional formatting. It's not very practical, and you need to specify additional formatting."
"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."
"When there is a lot of data, it sometimes takes long to load."
"One key area of improvement is pricing."
"I would like to see a better Web client, where the controls work the same way as in the Windows client. I do think that the focus is now on the Web, so it should be improved upon."
"We would like to see better logging in the procedural world."
"In terms of scalability, I would say that there are some limitations in the solution. It cannot handle data that is too big."
"The engine of the Board should be made powerful like the engine of IBM planning which is more powerful in terms of performance. The consolidated finance area also needs improvement."
"I would like to see better relationships with the partners."
"It would be nice to have more connectors for other data sources. BOARD is a great tool to become the single source of the truth. Making it easier to connect data sources for niche software tools will make it easier to keep everything in one place."
"The product can be improved by making it possible to know where cubes are used."
"It can have more functionality for narrative reporting. They should also improve their training courses, which are currently very lightweight. When you get into more complex things, it is quite difficult to figure out what you're supposed to do, and you have to look at a lot of videos before you actually understand, which is a bit frustrating. Their training can be more comprehensive."
 

Pricing and Cost Advice

"Anaplan is a bit pricier compared to its competitors - the license costs about $4,000 per user annually."
"This is an expensive product and if the price were reduced then it would attract more customers."
"The license is a yearly subscription. There are three licensing tiers: the model builder, planner, and the reporting."
"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."
"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."
"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."
"A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
"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 tool's price is a bit high compared to other solutions."
"​In terms of the pricing, it was reasonable. BOARD is not the lowest in the market, but it was reasonable for us."
"It is not the cheapest product on earth, but you get so much. It provides good value for money."
"Find a partner who will take responsibility for the implementation, and be available for support."
"The solution is quite expensive, if it is made cheaper then we can have more clients. I rate it four out of ten."
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Answers from the Community

CC
Aug 10, 2021
Aug 10, 2021
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 simultaneous users to speed the planning process. We see Anaplan competing with Host Analytics, Hyperion, Adaptive, that sort of thing. BI evaluations generally include Qlik, Tableau and whatever the tea...
2 out of 6 answers
EB
Aug 3, 2021
Hello @Muskan Jhingan, @Chang Geng, @Sumanth NR. Can you please share your professional opinion with @Charles C?​   Thank you!
CG
Aug 3, 2021
Usually, we say Board provides lots of toolkits to achieve both CPM and BI. But, the Anaplan mainly focuses on CPM solutions. If the enduser doesn't have any existing planning strategy, maybe they can refer to Anaplan solution directly and easily. If the enduser already has a clear planning strategy, and they just want to find a tool to achieve it, maybe Board is a better choice because its smart toolkits can be used easily and give more possibilities. BTW, if you want to fully use the BI function (colourful charts, dashboard, multi-dimensional analysis), Board will be absolutely better. Just for your reference.
 

Top Industries

By visitors reading reviews
Educational Organization
29%
Computer Software Company
10%
Manufacturing Company
8%
Financial Services Firm
7%
Computer Software Company
14%
Financial Services Firm
11%
Manufacturing Company
9%
Wholesaler/Distributor
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

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...
What do you like most about Board?
All the reports are prepared automatically.
What needs improvement with Board?
Some of my company's customers are interested to see the predictive analytics part of the tool. Some customers would like to leverage or prioritize predictive analytics as the main feature, but som...
What is your primary use case for Board?
I use the solution mainly for budgeting purposes. Budgeting and planning are its main use cases. The product itself is designed for budgeting and planning processes.
 

Comparisons

 

Overview

 

Sample Customers

HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
Coca-Cola, Puma, Desigual, Ricoh, KPMG, H&M, Groupe SEB
Find out what your peers are saying about Anaplan vs. Board and other solutions. Updated: October 2024.
815,854 professionals have used our research since 2012.