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:
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.
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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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.
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Also read: Anaplan vs. Adaptive vs. Planful vs. Vena vs. Datarails vs. Cube
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.
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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.
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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.
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While pricing isn’t listed on their site, sources report packages range between $250 and $500 a month.
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.
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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.
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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.
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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.
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While prices are not listed on the company website, review sites show that the expensive cost of Vena Solutions is a major con for customers.
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.
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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.
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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.
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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.
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Customers cite that plans range from $1,000 to $2,500 per month.
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.
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While Sisense touts “no-surprise pricing,” they don’t list prices online. Customer reviews indicate that the value for money is satisfactory.
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.
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While prices are not listed on their website, sources report that the software is a more expensive solution.
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.
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What are users saying about Anaplan, and who are the typical Anaplan customers? Let’s take a look.
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:
Some of the issues that users experience are:
Anaplan has a 6.33% market share with over 1,000 companies using the software for corporate performance management.
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:
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.