Try our new research platform with insights from 80,000+ expert users

Anaplan vs NetSuite ERP comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Anaplan
Average Rating
8.0
Reviews Sentiment
7.9
Number of Reviews
26
Ranking in other categories
Business Performance Management (1st), Production Planning (5th), Predictive Analytics (4th)
NetSuite ERP
Average Rating
7.8
Reviews Sentiment
7.4
Number of Reviews
35
Ranking in other categories
Activity Based Costing Software (5th), Billing Software (1st), Cloud ERP (2nd)
 

Mindshare comparison

Anaplan and NetSuite ERP aren’t in the same category and serve different purposes. Anaplan is designed for Business Performance Management and holds a mindshare of 13.5%, down 16.3% compared to last year.
NetSuite ERP, on the other hand, focuses on Cloud ERP, holds 35.6% mindshare, up 29.7% since last year.
Business Performance Management
Cloud ERP
 

Featured Reviews

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.
Venkat Sudni - PeerSpot reviewer
It's a user-friendly cloud-based solution that startups and small businesses can afford
Setting up NetSuite ERP is pretty straightforward. It's a plug-and-play solution that comes with the default bundle. We uploaded our GLs and charter accounts and added our company code to the architecture. It can be up and running in under a month. It takes at least five people to deploy NetSuite.

Quotes from Members

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

Pros

"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."
"You don't need to have a programming language to use Anaplan."
"It's simple to use with a lot of functions."
"Technical support has been good."
"Anaplan provides 130 GB of cloud storage for organizations to use as part of their license."
"The solution scales well."
"Anaplan's scalability stands out compared to other platforms, especially for scenario planning and what-if analysis."
"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."
"The most valuable aspect of NetSuite ERP is the multi-subsidiary portion, it is the strongest across all the other ERPs. If you want to do consolidations, it works a lot better than other tools."
"It is a very solid product for finance and procure-to-pay processes."
"NetSuite ERP is a user-friendly cloud-based solution that posts into the GL in real time. You can see your profitability at the order level."
"The features that have been most effective in improving the financial management perspective include the budgeting, revenue recognition, and accounting perspectives."
"We use it for the projects we do in the telecom industry."
"NetSuite is significantly more affordable than Oracle EBS and offers a wider range of features than other OEMs."
"We can install the bundles based on our needs."
"I like the ease of setup and customization of forms."
 

Cons

"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 price of the solution can improve."
"The solution could improve by better dashboards and while entering the form loss and project implementation the ability to use graphical shapes more effectively."
"Anaplan should come up with flexible options to connect to a data warehouse rather than an Anaplan hub."
"Space and integration are a problem."
"The visualization tools in the product are limited in comparison to other reporting tools."
"It would be nice if the solution offered better extensions."
"Anaplan is a relatively expensive piece of software."
"The main implementation challenge is finding experienced consultants to translate customer needs into NetSuite ERP's standard functionality. The second challenge is getting enough time from customers for proper implementation."
"NetSuite is good for data management, but it's missing payroll features."
"NetSuite ERP's UI could be improved. There are some features that are very complex that do not have to be. There are some aspects of the solution that could be simplified and this can include the documentation. Since it's a very complex tool, you expect to have great detailed documentation to help you implement it."
"If you do go through an implementor, you need to be careful that they are actual implementors and not just resellers."
"The custom reports could be improved."
"Improvement-wise, it should be more customizable. Currently, you can't enhance the product yourself in terms of development for any applications unless you've got a very strong and big development team. Those are the skills that are in very short supply."
"Some of the features around the payroll and payroll taxes and management of that are lacking. We had to outsource some of that because we found that the functionality isn't there."
"What needs to be improved is the development in the other areas and other businesses that can use NetSuite."
 

Pricing and Cost Advice

"The tool’s pricing is reasonable and competitive with other solutions."
"A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
"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 license is a yearly subscription. There are three licensing tiers: the model builder, planner, and the reporting."
"The price of the solution is expensive."
"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 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 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."
"It is completely on a subscription basis. We pay yearly and, and you do not have to do anything on a monthly basis. Prices depend on the organization's scale and all those things, but they are doing a good job with the pricing."
"I would advise that you first meet with and scope out your project with a NetSuite VAR (Value Added Reseller)."
"The price is less than the cost of daily hours."
"There is an annual license required to use this solution."
"It is expensive."
"NetSuite ERP has a cost per module you want to use, and then you have the license per user."
"It's very competitively priced due to it being a subscription model. So, clients are quite happy with the pricing. I would rate it an eight out of ten in terms of pricing."
"Regarding costs, it's not just about licensing. Customization recurring costs can become expensive over five to eight years, especially with new releases. However, NetSuite ERP integrates well with third-party applications, so it can still be used for finance while another ERP is used for localized production."
report
Use our free recommendation engine to learn which Business Performance Management solutions are best for your needs.
816,406 professionals have used our research since 2012.
 

Top Industries

By visitors reading reviews
Educational Organization
29%
Computer Software Company
10%
Manufacturing Company
8%
Financial Services Firm
7%
Educational Organization
44%
Computer Software Company
9%
Manufacturing Company
6%
Financial Services Firm
4%
 

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 NetSuite ERP?
The inventory feature in NetSuite ERP is very valuable to me because it provides clear estimates about the depreciation of details and includes useful mobile modules.
What is your experience regarding pricing and costs for NetSuite ERP?
If you buy it through Europe or North America, it is quite expensive. However, if you can buy it from developing markets according to NetSuite, you can get significant discounts, up to 70%.
What needs improvement with NetSuite ERP?
Reports are good but not perfect. The custom reports could be improved. The initial setup process for reports can be a bit complicated and may require more user-friendly options. My previous compan...
 

Comparisons

 

Learn More

 

Overview

 

Sample Customers

HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
2Pure, Accuvant, Actian, Adtegrity, Advantage Sign Supply, All-Safe Pool Safety Products, Alton Lane, AMC Liquidators
Find out what your peers are saying about Anaplan, Oracle, IBM and others in Business Performance Management. Updated: October 2024.
816,406 professionals have used our research since 2012.