Hi Community,
I work in DMS Imaging in France. We manufacture medical devices sold across the world by distributors.
What are the main differences between IBM Cognos and Anaplan for small businesses to perform budget and forecast cycles?
Thank you!
Hi Leonardo,
I have had the benefit of working with IBM PA and Anaplan applications for many years. If you are working on a smaller application with only a few dimensions (Anaplan calls them lists), Anaplan is fine except for ongoing costs and maintenance. A few, small dimensions, maybe planning by device group (not lower SKU level), general sales locations, departments, time and a two to three versions, Anaplan works (again, watch ongoing & expansion costs).
When it becomes more complex where you want to do more granular planning at the product SKU, multiple budget cycles and rolling forecast throughout the year, across territories, by internal rep, different channels, with distributors selling in multiple territories, that is where IBM Planning Analytics shines. You can plan/forecast at any level including consolidated and have room to expand when needed. Expansion with Anaplan with granularity becomes very difficult, very quickly.
I am happy to show the differences. Ping me if you like, www.linkedin.com/in/chrismirras. We work very well with Global Clients.
Both products are great and are massive planning and analyzing tools. I am not sure about the size and complexity of your business. You mention "small businesses". To use IBM Cognos or Anaplan for small business may give more headache than benefits. My suggestion would be to work out the expectations and needs for your planning process and to search for the right tool, fitting to your needs.