Jake Ballinger

Jake Ballinger - FP&A Writer

September 2022 - min to read

16+ best Anaplan competitors & alternatives for FP&A teams [in 2023]

16+ best Anaplan competitors & alternatives for FP&A teams [in 2023]

If you’ve reached this page, you might be considering Anaplan as an FP&A solution. Or, you’re a current Anaplan user looking for a better fit. 

Anaplan could be a good option if you need a large-scale (and expensive) enterprise tool.

But if you prefer a purpose-built platform where you can seamlessly plan and collaborate…then there are some better FP&A software alternatives to consider. 

Which is the right one for you? 

Let’s find out. 

Contents

  1. The best Anaplan alternatives and competitors
  2. More about Anaplan
  3. Conclusion: the best Anaplan alternative

1. The best Anaplan alternatives and competitors

Anaplan is a planning, forecasting, and performance management platform for finance and FP&A teams. It's an expensive enterprise solution that's most commonly marketed toward large companies.

Anaplan helps businesses move faster and make complex decisions with input and visibility for all stakeholders.

But, it has some disadvantages. Anaplan: 

  • Doesn’t have native Excel integration 
  • Only offers downloadable PDF reports (no real-time reporting) 
  • Can be difficult to learn and adopt 

Plus, its users aren’t overly impressed: respondents to a 2021 survey by Battery Ventures seem to hate Anaplan, giving it an NPS of -38.

This is why we’ve reviewed the best alternatives to Anaplan for you! 

Yes, we’ve started with Cube. We’re proud of how well it helps FP&A teams at companies of all sizes plan, analyze, and collaborate so they can scale their companies quickly and sustainably. 

1. Cube

blue-cube-logo

Cube is the first spreadsheet-native FP&A platform for the finance world. Our cloud-based software helps finance teams work anywhere—we integrate natively with both Excel and Google Sheets—so that they can plan, analyze, and collaborate with the ultimate speed and confidence.

There are many companies (like Masterworks and SmugMug) that use Cube for nearly all of their company's financial operations.

Automate manual workflows, reduce errors, and improve collaboration so you can make smarter business decisions in a fraction of the time.

Cube offers faster time to value (most companies are finished onboarding within two weeks) and is competitively priced.

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Key Features: 

  • “What-if” and Multi-Scenario Analysis: Cube offers specific forecasts with easily adjustable models — see how outputs change with more hires, productivity lags, and more. 
  • Customizable dashboards: Use, adjust, and share reusable templates and dashboards. 
  • Abundant integrations: Link Cube with endless HR, accounting, sales, or business intelligence software, like Salesforce or ADP — and of course, it’s compatible with any spreadsheet.
  • Multi-currency support: Create rich reports with local and foreign currencies, perfect for North American companies with international clients.
  • Centralized formulas and KPIs: Can’t find a calculation? Cube hosts all of them in one place for easy access and knowledge sharing.

Cube is the world's first CFO-founded spreadsheet-native FP&A software

Pros: 

  • Quick deployment: Most businesses only need two weeks to implement Cube, while other software can eat up months of onboarding time. 
  • Quick and specific analysis: Extensive, quick data collection, quality assurance, and laser-sharp analysis without human error are possible with Cube. Forecasting is easily customizable to answer your business’s unique, burning questions about the future. 
  • Intuitive and comfortable: Finance teams don’t have to abandon the spreadsheets they use. Cube lets you pull and push spreadsheet data while speeding up analysis. 
  • Expert support: Connect with Cube’s team of finance professionals, including its former-CFO founder, to make the most of the software.

Cons: 

  • Not suitable for personal finance: Cube works best for mid-sized businesses.
  • Not yet global: Cube accommodates foreign currency reports but only offers software to Canada and the US (but is working on changing that)!

Pricing: 

  • $1,250+/month for lean finance teams
  • $2,450+ /month for companies looking to scale
  • See detailed pricing for customizable plans

2. Workday Adaptive Planning 

Workday_Logo

Workday Adaptive Planning is an enterprise performance management software offering collaborative financial tools for sales, finance, and workforce planning.

The software enables users to prepare cash flows, carry out expense management, revenue management, workforce modeling, capital management, financial close, and more.

However, its enterprise focus makes it more suitable for larger companies looking for an FP&A rehaul. Adaptive’s pricing packages might also be too much for small businesses.

Key Features: 

  • Financial planning and budgeting
  • Scenario planning
  • Data consolidation 
  • Audit trails

Pros:

  • Cloud-based
  • Automated budgeting
  • Easy drag-and-drop reports

Cons:

  • Limited performance for larger datasets
  • Not suitable for smaller companies
  • Few training and onboarding resources

Pricing: 

  • Sources report packages starting at $250/month

Also read: Anaplan vs. Adaptive vs. Planful vs. Vena vs. Datarails vs. Cube 

3. Planful

Planful-Social-Card-dc025794d4b83bd77fe9208b65b99100 (1)-jpeg

Planful is an FP&A software that helps companies minimize costs and save time. It allows users to see real-time data, identify issues, and take action to improve performance and productivity. 

While some customers cite satisfaction with the company’s responsive customer support and regular improvements, others are frustrated with the slow analysis of large data volumes and even data inaccuracies. 

Key Features: 

Pros: 

  • Dedicated technical experts
  • Builds collaborative financial plans that align company-wide resources
  • User-friendly interface and reporting

Cons: 

  • Limited ability to automate workflows
  • Restrictive hierarchies
  • Slower speeds for large datasets

Pricing: 

  • Planful keeps a tight lid on pricing and wants potential customers to contact them for a demo and a quote. However, sources cite the platform to be more expensive than alternatives.  

4. IBM Planning & Analytics

ibm-planning-analytics-logo

IBM Planning & Analytics is an AI-powered software that bridges department silos to help businesses manage their finances. You can create multiple forecasts in the customizable workspace to improve business performance. 

Key Features: 

  • Performance tracking
  • Test scenarios
  • Forecasting
  • Balance sheet and cash flow analysis

Pros:

  • Free trial
  • Cloud-based, on-premises, or IBM Cloud Pak 

Cons:

  • Code management required, either by on-staff developers or a third party

Pricing: 

  • Digital Pack starts at $1,250/month
  • Enterprise Pack price not listed 

5. Oracle Cloud EPM

oracle-epm-cloud-logo

Oracle Fusion Cloud Enterprise Performance Management (EPM) helps users model and plan across finance, HR, supply chain, and sales. The platform is designed to streamline the financial close process, drive better decisions, simplify administration, and create a more cohesive user experience. 

Key Features: 

  • Scenario modeling, long-range planning, budgeting, and more
  • Profitability and cost management support
  • Account reconciliation and transaction matching

Pros:

  • Offers a “Freeform” plan where you can customize capabilities
  • The enterprise data management product provides data visualization and hierarchy management 
  • Consolidates corporate financial reporting 

Cons:

  • Can be very complex to learn and use, leading to a longer implementation time
  • Not a very intuitive interface 
  • Poor customer support 

Pricing: 

While pricing isn’t listed on their site, sources report packages range between $250 and $500 a month. 

6. Finmark

finmark-logo

Finmark is financial modeling software dedicated to startups. New founders can use it to consolidate and analyze data, even during uncertain beginnings.

Customers find the software easy to use and affordable, though it lacks some of the integrations found in other software. 

Key Features: 

  • Multi-scenario planning
  • Revenue tracking
  • Data consolidation
  • Customizable financial modeling
  • Fundraiser planning

Pros

  • Free trial
  • Data visualization and dashboards

Cons:

  • Missing integrations

Pricing: 

  • Pricing depends on the company's annual revenue, i.e.,  it’s $100/month for companies with $500,000 revenue, but $250/month for companies with $1,000,000 revenue. 

7. ClicData

ClicData-logo

ClicData is a business intelligence platform that helps companies understand customer behaviors and communications. The software uses machine learning algorithms and automation to create insights for growth. 

A favorite feature is the drag-and-drop, customizable dashboards. You can create these in minutes to impressively visualize data for investors. However, some users complain of slow load times and bugs. 

Key Features: 

  • Data management and consolidation
  • Interactive dashboards
  • Regression analysis
  • Time-series regression for forecasting

Pros:

  • Flexible pricing for individuals and organizations of all sizes

Cons:

  • Limited layouts
  • Slower loading on large dataset analysis

Pricing: 

  • Personal: $79/month
  • Team: $269/month
  • Business: $525/month
  • Enterprise: Custom

8. Jedox

jedox-logo

Jedox is an enterprise performance management solution that uses AI and automation to provide forecasting, reporting, and planning functions. The software preserves Excel spreadsheets and unifies financial tasks in one space. 

Unfortunately, users find that the software has a high learning curve and often hire external consultants just to implement the platform. Additionally, you won’t find as many data visualization options as other platforms like Cube. 

Key Features: 

  • Automated reporting
  • Forecasting and budgeting
  • Legal and financial consolidation
  • Multidimensional data modeling

Pros:

  • Suitable for businesses of all sizes
  • Excel compatibility

Cons:

  • Relatively low security standards compared to other FP&A software
  • Limited scaling ability

Pricing: 

  • Sources report that their base plan starts at $160/month. 

9. Vena

vena_logo_v1_1__5e8f34e2823bb-1

Vena is an FP&A solution that automates business processes to improve productivity and data accuracy. A native Excel Complete Planning platform, it promotes intuitive workflows and advanced modeling to support business growth. 

Key Features: 

  • Data consolidation
  • Forecasting
  • Audit trails
  • Scenario planning
  • Data visualization
  • Statistical analysis
  • Performance metrics

Pros:

  • Excel-based
  • Training support
  • What-if scenario planning

Cons:

  • Limited integrations
  • Expensive

Pricing: 

While prices are not listed on the company website, review sites show that the expensive cost of Vena is a major con for customers. 

10. Board

Board combines business intelligence, performance management, and predictive analysis in one comprehensive planning platform. It includes dashboard management, multi-dimensional analysis, ad-hoc queries, and reporting. Users can plan, budget, and predict possible corporate financial outcomes.

Key Features: 

  • Dashboards
  • What-if scenarios
  • Data integrity and security
  • Data visualization
  • Audit trails
  • Budgeting and forecasting

Pros:

  • Flexible and customizable
  • Granular security
  • Drag-and-drop dashboards
  • Embedded chat and collaboration

Cons: 

  • High learning curve
  • Limited performance with large datasets

Pricing: 

  • The Board pricing structure is not listed because it’s based on size of the business, the number of user licenses, and whether any customization is needed. However, sources report that Board is less expensive than the industry average.

11. Planning Maestro by Centage

centage-vector-logo-2021 (1)

Owned by Centage, Planning Maestro is an enterprise-level business intelligence platform for SMBs. It offers 40 pre-built, customizable compliant reports with export capabilities. You can connect your data sources, build budgets and forecasting, and collaborate in real time with colleagues across the organization.

Key Features: 

  • Data visualization
  • Financial forecasting
  • Budget comparisons
  • Scenario planning

Pros:

  • Cloud-based
  • Scalable

Cons:

  • Slow reporting on desktop
  • Rocky implementation and high learning curve
  • Not available on desktops or mobile devices

Pricing: 

  • Standard, professional, and enterprise pricing plans are available, with sources reporting that plans start at $10,000/year. 

12. Prophix

prophix-logo (1)

Prophix is a corporate performance management solution specializing in workflow automation. Team members can draft budgets, create plans, and make more informed forecasts through automated tools. 

The platform emphasizes productivity and legal adherence while migrating users away from Excel. This can lead to longer implementation times and is risky if Prophix isn’t a good fit. 

Key Features: 

  • Budgeting and planning
  • Workflow automation
  • Anomaly detection
  • Data visualization

Pros:

  • Virtual Financial Analyst
  • Quick learning curve
  • User-friendly

Cons:

  • Slow load time
  • Limited customization for dashboards

Pricing: 

  • Pricing is unique to each customer, so no prices are listed online. However, sources report that the total cost of ownership is low. 

13. Hyperion

oracle-hyperion-logo

Offered by Oracle, Hyperion is an expensive FP&A software with a Microsoft Office-based user interface. Organizations can deploy the software through Oracle or a third-party data center to optimize planning, budgeting, and forecasting. 

You’ll likely need a skilled Oracle consultant to implement Hyperion, so it’s best for companies that already use other Oracle solutions. 

Key Features: 

  • KPI analysis
  • Audit trails
  • Forecasting
  • Budgeting

Pros:

  • Packaged regulatory reporting functionality
  • Easy sharing and collaboration

Cons:

  • Better for large organizations than SMBs
  • Basic visualization capabilities
  • Expensive

Pricing: 

Customers cite that plans range from $1,000 to $2,500 per month. 

14. Sisense

Sisense-logo

Sisense uses data and business intelligence to inform workflow automation. It builds customized insights for your team and customers and uses drag-and-drop functionality to make your dashboards and templates. Organizations can choose between low-code, no-code, and pro-code tools. 

Key Features: 

  • Statistical and predictive analysis
  • Customizable dashboards
  • Ad-hoc reporting
  • Report templates
  • Drill-down analysis

Pros:

  • Natural/Plain language narrative
  • Impressive data visualization
  • Dashboard templates with customization capabilities

Cons:

  • Long load times
  • Limited notifications
  • Expensive 

Pricing: 

While Sisense touts “no-surprise pricing,” they don’t list prices online. Customer reviews indicate that the value for money is satisfactory. 

15. OneStream

onestream-logo

OneStream is an FP&A software that automates financial processes for mid-sized to large organizations. The software offers predictive analysis with pressure-tested assumptions to evaluate how any value driver affects numbers and overall growth.

Key Features: 

  • Forecasting 
  • Budgeting
  • Agile planning
  • People planning and cash planning
  • What-if scenarios

Pros:

  • Demonstrated time savings
  • Cloud or on-premises
  • Quick data consolidation

Cons: 

  • Immense customization potential might feel overwhelming for new users
  • Limited training documentation
  • Lots of configurations required

Source

Pricing: 

While prices are not listed on their website, sources report that the software is a more expensive solution. 

16. SAP Analytics Cloud

SAP

SAP Analytics Cloud is the FP&A branch of SAP Business Technology Platform. It generates financial plans through predictive analysis, automating data-driven insights with machine learning. 

However, some users report over-basic planning features despite the platform’s formidable analysis capabilities. Compared to Anaplan, SAP offers a more straightforward implementation process at a lower price point. 

Key Features: 

  • What-if scenarios
  • Data visualization
  • Performance metrics and KPIs

Pros:

  • Cloud-based
  • Intuitive
  • Data cleansing for accuracy

Cons:

  • Frequent bugs
  • Errors in real-time analysis
  • Limited customization in dashboard creation

Source

Pricing: 

  • Trial: Free for 30 days
  • Business Intelligence: $36/user/month
  • Planning: Pricing upon request

More about Anaplan

What are users saying about Anaplan, and who are the typical Anaplan customers? Let’s take a look. 

Anaplan reviews

Capterra users rated Anaplan with an overall score of 4.5. (In comparison, Cube clocks in at a 4.8.)

Reviews are mixed when it comes to how easy it is to use Anaplan. Many people say it's easy to use but others say it's completely unintuitive.

On the positive side, users reporting that Anaplan has:

  • Solid planning and forecasting tools
  • Easy implementation
  • Many features that allow for customization
  • Excel integration opportunities (though not a native integration)

Some of the issues that users experience are:

  • Weak reporting tools
  • The cloud-based system often has outages that disrupt service
  • Not easy to learn for the average user (long implementation time)
  • Computing large amounts of data can be problematic and creates buffering issues and delays

Anaplan market share

Anaplan has a 6.33% market share with over 1,000 companies using the software for corporate performance management.

Conclusion: the best Anaplan alternative

Anaplan is a bulky, heavy solution that's only worth considering for large, enterprise organizations. 

If you don’t have complex computational or multi-scenario modeling needs, you’re probably looking for FP&A software with:

  • A shorter learning curve for fast implementation
  • Native integrations with Excel and Google Sheets
  • Stronger customer support

Sounds good, right? Then it’s time to try Cube. 

Cube is the most efficient FP&A software in every sense. We cater to mid-sized businesses and SMBs who crave innovation without sacrificing Excel spreadsheets. We combine reliable traditions with the much-needed flexibility of today’s modern tech stack. 

And if it's not a fit—no problem. Cube doesn't rip and replace your back-end logic, so switching off the platform is easy. Especially compared to Anaplan, where the cost (and risk) of switching is too high.

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