Financial planning tool selection - Adaptive planning vs Anaplan

soumyarani
soumyarani
in Academy Discussions

Looking for advice as to how to make an informed decision on choosing adaptive looker  vs anaplan for financial planning. Data sets are not too huge and cost and simplicity of the tools are important factors in the selection process.

 

Comments

  • JaredDolich
    JaredDolich

    @soumyarani 

    Great question. From my perspective I don't see that these two solutions are mutually exclusive. Anaplan is a SaaS platform for multi-dimensional planning first and visualization second. Looker is the reverse, more of a visualization tool. So it depends on your use case I suppose. If you're looking for an Alteryx or Knime type of solution then Looker would probably be better. If your looking for a Hyperion or Cognos solution, then Anaplan. But the good news is that Anaplan has a rich RESTul API set that you can integrate to Looker, so you can actually use both. Plan in Anaplan. Visualize and do the hard data crunching in Looker.

    Anyway, just some thoughts.

  • sudheerpatel
    sudheerpatel

    As  JaredDolich Said, We are using Anaplan Integrated with Looker for Better Visualisation purposes. for information, you check Looker Certification Tutorials here

  • veeraravala
    veeraravala

    To make an informed decision on choosing between Adaptive Looker and Anaplan for financial planning, consider your specific business needs, such as the required features and capabilities. Also, evaluate the cost and ease-of-use of each tool. For smaller data sets, both tools may be suitable, so prioritize the factors that matter most to your business.

  • raavikant
    raavikant

    Hi,

    It all depends on your requirements however both the Looker and Anaplan have different features but work for the same business requirements. As per my knowledge, both tools are good, business owners can choose them as per their business nature, operations, and complexities.

    Thanks

  • JeremyWalsh
    JeremyWalsh

    If cost and simplicity are top priorities, Adaptive Insights is often a better fit for small to mid-sized businesses with straightforward financial planning needs. However, if you need highly customizable, scalable solutions for scary teacher complex planning across multiple departments, Anaplan might be worth the investment despite its higher cost. Both tools have robust capabilities, so consider a demo to assess usability for your team.

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