If you are looking for business management software then there is a good chance that the decision will come down to Adaptive Insights vs Anaplan. These two systems offer different strengths for analysing your financial environment and finding potential problems and opportunities. This discussion will compare Adaptive Insights vs Anaplan on several different metrics.
When it comes to modelling Anaplan is the clear winner vs Adaptive Insights. This essentially means that you can program different scenarios into the program and see how they will likely affect your company and your future plans.
If you are in an industry that is very reactive to environmental changes (whether political, financial or the actual environment) then you will need to model potential changes to work how best to safeguard your business and take advantage of future opportunities.
This only really impacts large companies who have the time/manpower to prepare the models and develop a large number of contingency plans based on them. If you are one of these companies, however, then you will find the program very useful, especially if you are in the finance industry.
Integration is essentially how easily the analytics software will work with your current programs. Both of the programs we are discussing can integrate data from Excel and other recording/spreadsheet applications, but when comparing Adaptive Insights vs Anaplan the former wins on this front.
It is quite easy to use if you are familiar with Excel, as the layouts and commands are quite similar (just with further analysis available). You also don’t really need extra IT support – just a half decent internet connection. It isn’t data-heavy enough to overwhelm your servers or slow down your computers either.
On the other hand Anaplan is far more heavy duty vs Adaptive Insights. It will need some serious RAM and server space in order to quickly create your models and allow you to plan for various contingencies. It’s also slightly less intuitive to swap to from Excel spreadsheets, as you will need to learn new formatting and commands. If you aren’t used to spreadsheets, however, it’s actually more user friendly for beginners.
Analysing your current processes can be very useful for businesses of any size. If you want to find ways to spend less money (or work out which departments have the best ROI) then this is certainly a worthwhile activity. You might also carry this activity out as a part of a routine audit of your business.
On this front Adaptive Insights comes out ahead vs Anaplan again, especially for a smaller company that doesn’t collect as much data or possibly has more blurred lines between departments. The program allows assumptions to be made about taxes and unrecorded expenditure, so you can fill in the gaps if you are missing some information.
You are also able to assign these types of expenses to a single department when the actual expenditure might come from different places. A medium sized company might have different offices order supplies rather than going through procurement staff (which you might not have) – but you can assign those costs to a possibly fictional procurement department.
When comparing Adaptive Insights vs Anaplan it should be mentioned that the latter still allows you to analyse your current processes and environment, but it requires stricter record keeping and gives you less room for error. A larger company that has all of this will find it to be a very useful program, as this strict record keeping for accurate analysis also allows for very accurate projections and modelling.
Forward planning is related to modelling, but there are subtle differences. Modelling is about seeing what will happen if there are changes in the business environment, while forward planning is working out what to do about it and seeing how your reactions to environmental changes are likely to affect your business.
Given that Anaplan is better for modelling vs Adaptive Insights it is no surprise that it is also better for forward planning. You will be able to estimate cash flow changes and modify your figures to projections that are as accurate as possible in order to see how different options are likely to pan out and pick the one that offers the best outcomes for your business.
This isn’t to say that it’s a lay down misere for Anaplan vs Adaptive Insights. If you want to do rapid forward planning and sketch out a rough plan for the future of your business than the ability to make assumptions is very valuable – you just need to hope your assumptions are accurate.
In the end when are looking at Adaptive Insights vs Anaplan you should go with the one that best fits your situation and need. If you don’t have the luxury of being able to develop many full models and plans due to a lack of money, time or manpower then the former is the best option. On the other hand, if pinpoint accuracy in your forward planning and cash flow analysis is necessary then you should go for Anaplan vs Adaptive Planning.