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

Anaplan vs Workiva Wdesk 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)
Workiva Wdesk
Ranking in Business Performance Management
11th
Average Rating
7.0
Number of Reviews
7
Ranking in other categories
GRC (5th), Financial Close Software (2nd)
 

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 Workiva Wdesk is 2.9%, up from 1.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
 

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…
Phillip Gough - PeerSpot reviewer
Oct 24, 2023
The solution is easy to deploy and enables collaboration, but it must improve its speed and enable users to create pivot tables
The solution is used for financial reporting The collaboration within the platform is valuable. The solution should be able to do pivot tables. I have been using the solution for three years. I am using the latest version of the solution. I rate the tool’s stability a six out of ten. The speed…

Quotes from Members

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

Pros

"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 provides 130 GB of cloud storage for organizations to use as part of their license."
"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."
"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."
"This product has a very good modeling feature, and its graphical representation of visualizations has also been valuable."
"The solution works very well for budgeting."
"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."
"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."
"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools."
"The cross-functionality between connectivity, whether through API connections between different software platforms or the connection of data collection to the actual written ESG report, is highly valuable. The connectivity of all these aspects significantly aids in data assurance, which I consider a bonus."
"It makes the compliance process more efficient and more effective."
"The collaboration within the platform is valuable."
"It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files."
"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."
 

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."
"When there is a lot of data, it sometimes takes long to load."
"The integration technique should be a little bit easier."
"There are so many business rules to set up in the system that as a business user it's hard to gauge what they're doing and it's possible to get lost."
"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."
"It would be nice if the solution offered better extensions."
"Anaplan could be improved with a stronger consolidation module."
"One key area of improvement is pricing."
"One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."
"The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandatory or voluntary reporting requirements, leading to lost linkage connections that must be manually reset each time a change is made. This aspect is not functional now, and I see it as an opportunity for improvement."
"The speed must be improved."
"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities."
"With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together."
"The most critical issue is the need to shift between uppercase and lowercase."
"Regarding the solution, reporting has certain areas that can be considered for improvement."
 

Pricing and Cost Advice

"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."
"This is an expensive product and if the price were reduced then it would attract more customers."
"The tool’s pricing is reasonable and competitive with other solutions."
"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."
"Anaplan is a bit pricier compared to its competitors - the license costs about $4,000 per user annually."
"The price of the solution is expensive."
"The license is a yearly subscription. There are three licensing tiers: the model builder, planner, and the reporting."
"Our clients in Asia think that the solution is too expensive."
report
Use our free recommendation engine to learn which Business Performance Management solutions are best for your needs.
815,854 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%
Financial Services Firm
18%
Educational Organization
16%
Computer Software Company
8%
Insurance Company
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 Workiva Wdesk?
The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet.
What is your experience regarding pricing and costs for Workiva Wdesk?
Wdesk is affordable and as far as I'm aware, there were no additional costs beyond the standard license increase. We didn't have to make any other changes; it primarily involved accessing the platf...
What needs improvement with Workiva Wdesk?
The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandat...
 

Comparisons

 

Also Known As

No data available
Wdesk
 

Learn More

 

Overview

 

Sample Customers

HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
Noodles Company, eBay, Winnebago, American Assets Trust, AmericanEnterprise, Calpian, Capstone Infrastructure, Cascades, Circor International, Coeur Mining, Davey, Dr Pepper Snapple
Find out what your peers are saying about Anaplan vs. Workiva Wdesk and other solutions. Updated: October 2024.
815,854 professionals have used our research since 2012.