Table of Contents
Wondering if OneStream vs Anaplan is the best EPM software for your business? In this article, we’ll compare their key features, pricing, and usability to help you decide.
Key Takeaways
OneStream excels in integrated financial management, offering a unified platform for financial consolidation, reporting, planning, and analysis, making it ideal for diverse business sizes.
Anaplan is known for its advanced multi-dimensional modeling and dynamic scenario planning capabilities, suited for large enterprises needing real-time collaboration and extensive performance management.
When choosing between the two, consider OneStream’s strength in integration and ease of use versus Anaplan’s flexibility and modeling capabilities, along with their respective pricing structures and support resources.
Overview of OneStream and Anaplan
OneStream was founded in 2012 and fast tracked to success with its solutions marketplace and financial management capabilities. By getting to 500 customers in early 2020 OneStream cemented its position as the leader in automating and consolidating financial planning. The platform provides a single system that combines financial consolidation, reporting, planning and analysis. OneStream also simplifies the financial close process to improve efficiency and accuracy for organisations with complex financials. Notable customers like Tenneco and Estee Lauder use OneStream for its functionality and scalability.
Anaplan is well known for business performance management. Anaplan breaks down silos between departments by connected planning across the business. This is particularly useful for organisations that need dynamic scenario planning and real time data. Anaplan’s flexibility and modelling capabilities make it a favourite for large organisations that need financial planning.
Key Feature Comparison
When comparing OneStream and Anaplan, it’s essential to consider the core features that each platform brings to the table. OneStream combines financial consolidation, reporting, planning, and analysis into a single cohesive platform, making it a robust solution for businesses requiring integrated financial processes. The platform’s advanced features and functionalities often lead the market, providing a more integrated solution compared to Anaplan’s segmented approach.
Anaplan, while offering a comprehensive set of features, excels in its multi-dimensional modeling capabilities and real-time scenario planning. This makes it an ideal choice for organizations that prioritize dynamic planning and require insights from connected planning across various departments. However, it's important to note that there are other solutions available in the market that could also meet users' needs.
The following subsections will delve deeper into specific feature comparisons, focusing on financial planning, scenario planning, and financial consolidation tools.
Financial Planning Features
OneStream offers comprehensive workflows with high interactive collaboration capabilities, making it ideal for industries such as financial services, manufacturing, and healthcare. The platform supports robust financial planning and analysis across multiple departments, ensuring seamless integration of financial processes. OneStream’s pricing typically starts at around $20,000 per year, making it accessible for various business sizes. Its unified platform streamlines financial consolidation, management reporting, and strategic planning, providing significant benefits to its users.
Anaplan, on the other hand, provides a combination of set workflows and customizable options, allowing businesses to tailor their financial planning processes to their specific needs. The platform’s key feature is its connected planning across various departments, which enhances collaboration and efficiency.
However, a noted drawback is its limitation in real-time data access across different models, which can hinder efficiency in fast-paced environments. Anaplan’s annual pricing also starts at approximately $20,000.
Scenario Planning Capabilities
Dynamic scenario planning is crucial for businesses to navigate uncertainties and leverage real-time insights for decision making. OneStream’s features enable users to adapt quickly to market changes through automated actions and responsive planning. This capability is particularly beneficial for industries that require agility and real-time data integration, ensuring that businesses can make informed decisions based on the latest information.
Anaplan shines in its extensive multi-dimensional modeling capabilities, which support complex planning processes effectively. The platform is particularly beneficial for organizations in technology and retail sectors that need dynamic planning and real-time collaboration across various departments. Anaplan’s ability to create and analyze multiple scenarios enhances strategic planning and decision-making, making it a powerful tool for forward-thinking businesses.
Financial Consolidation Tools
Both OneStream and Anaplan facilitate data consolidation from multiple sources to streamline financial processes. OneStream specifically targets finance teams in large organizations that require advanced financial consolidation, reporting, and planning capabilities. OneStream's capabilities in handling General Ledger (GL) account reconciliations are crucial for financial planning and consolidation processes. The platform’s unified architecture ensures a single source of truth for financial data, enhancing accuracy and reliability in financial reporting.
Anaplan also supports financial consolidation but is often praised for its flexibility in accommodating various data sources and stakeholder inputs. While it excels in complex modeling, some users find its integration with existing systems to be more complex compared to OneStream, which can hinder efficiency.
Nevertheless, Anaplan’s ability to connect with various financial and operational systems enhances its functionality within organizations, providing a comprehensive solution for financial planning and consolidation.
Pricing and Total Cost
The pricing structures of OneStream and Anaplan are crucial considerations for businesses evaluating their total cost of ownership. OneStream’s average annual cost is approximately $178,000, with its maximum price reaching up to $290,000. The platform’s implementation and licensing fees can be higher than many alternatives, particularly for smaller organizations or those with less complex financial needs. However, OneStream’s unified platform that combines various financial management processes can help reduce total ownership costs compared to maintaining multiple legacy systems.
Anaplan’s pricing model is based on a subscription model, which varies depending on the scale and modules chosen by the organization. Both platforms may incur extra costs for additional features or modules that are not included in the base subscription pricing.
It’s essential for organizations to consider these additional costs, as well as the potential for extra charges during renewal processes, which may require negotiations to address technical concerns and cost uplifts.
Subscription Tiers
Anaplan provides multiple subscription tiers designed to accommodate different business sizes and needs, allowing for flexibility in scaling and functionality. This approach enables organizations to choose the level of service that best fits their requirements, with options to upgrade as their needs evolve. Anaplan’s flexible pricing model is particularly beneficial for growing businesses that anticipate changes in their financial planning processes over time.
OneStream, in contrast, offers a more standardized pricing approach, which may be less flexible for varying business sizes. This standardized model can simplify the decision-making process for organizations that prefer a clear and straightforward pricing structure. However, it may also limit customization options for smaller businesses or those with unique financial planning needs.
Additional Costs
When evaluating additional costs for EPM software, it’s essential to consider not only subscription fees but also implementation costs. OneStream provides slightly lower implementation times than Anaplan, which can lead to reduced overall costs and quicker return on investment. This factor is crucial for businesses looking to minimize disruption during the transition to a new EPM platform.
Both OneStream and Anaplan offer various add-ons that can enhance the platform’s functionality, potentially leading to further investment by users seeking specialized capabilities. Organizations should carefully evaluate their specific requirements and consider the total cost, including these additional investments, when choosing between the two platforms.
User Experience and Interface
OneStream’s interface is designed to be user-friendly, offering a unified platform that simplifies financial processes like planning and reporting. Users often highlight its drill-down capabilities, which allow tracing data back to its source for better insights. However, some users find the written training reference materials insufficient, relying heavily on verbal instructions during training sessions.
Anaplan provides a flexible interface that allows users to customize their experience according to specific business needs, enhancing usability. Its cloud-based architecture enables access from anywhere, making it suitable for organizations with remote teams. Anaplan’s scenario modeling feature and connected planning approach further enhance strategic decision-making and risk management.
Integration and Compatibility
Integration and compatibility are critical factors when choosing an EPM platform. OneStream features a streamlined platform that facilitates collaboration between Finance and Operations, offering a single source of truth. Its marketplace solutions provide pre-built integrations, saving users time and effort in developing custom solutions. OneStream supports direct integration with over 250 systems, including major ERP, HCM, and CRM platforms.
Anaplan also boasts strong integration capabilities, allowing it to connect with a variety of existing systems to enhance its functionality within organizations. However, some users find its integration process to be more complex, which can hinder efficiency. Both platforms offer compatibility with CRM, ERP, HRIS, and BI systems, ensuring seamless data flow and accuracy in reporting.
Direct Integration Options
OneStream and Anaplan are known for their integration capabilities with various systems, including CRM, ERP, HRIS, BI, and other platforms. OneStream is considered the winner for integration capabilities compared to Anaplan, thanks to its extensive support for over 250 systems. OneStream’s real-time data integration ensures up-to-date financial information, enhancing the platform’s overall utility.
Both platforms offer Excel as an important add-in for users, though it is not built-in. This feature is crucial for businesses that rely heavily on Excel for financial planning and reporting. The ability to integrate seamlessly with Excel enhances both platforms’ usability and appeal to a broader range of users.
Compatibility with Other Systems
OneStream offers real-time data integration with ERP and CRM solutions, ensuring accurate financial reporting. This capability is particularly beneficial for large organizations that require up-to-date financial information to make informed decisions. OneStream’s unified platform further simplifies the integration process, making it a user-friendly choice for businesses of all sizes.
Anaplan supports integration with a variety of business tools, but its native Excel integration is lacking. This limitation can be a drawback for organizations that rely heavily on Excel for their financial planning processes. Despite its complexity when integrating with existing systems, Anaplan’s extensive capabilities make it a powerful tool for businesses that can dedicate the time and resources to leverage its full potential.
Customer Support and Resources
Support and resources are key when choosing an EPM platform. OneStream have made efforts to improve customer satisfaction by consolidating monitoring tools and reducing support response times. But some users have reported that critical cases took over a month to resolve so there’s room for improvement in response times.
Anaplan have a Customer Success Program that includes dedicated advisors and a structured onboarding process. Anaplan also provide clear and well structured training materials that are updated regularly so users can learn and retain more.
Both platforms offer a range of resources, but the efficiency and reliability of their support services remain critical factors for users.
Pros and Cons
OneStream allows for consolidated reporting across a large number of entities and provides a customizable dashboard for reporting flexibility. Its singular cube architecture ensures a unified source of truth for financial data, making it a robust choice for financial consolidation. However, users have expressed the need for improved functionality in the Excel add-in, particularly for side-by-side data comparisons. Additionally, OneStream’s support challenges could be a potential drawback for some users.
Anaplan’s strengths lie in its extensive modeling capabilities and flexible interface, which can accommodate complex planning processes. The platform is particularly beneficial for large businesses that engage in comprehensive financial planning and utilize a calculation engine for analysis.
However, the decline in customer support quality and the steep learning curve for new users transitioning from simpler systems are notable disadvantages. Despite these challenges, Anaplan’s ability to integrate complex data across various functions remains a significant benefit.
Ideal User Profiles
Understanding the ideal user profiles for OneStream and Anaplan can help businesses determine which platform is the best fit for their needs. OneStream is a great option for businesses that require comprehensive financial solutions. Its large number of integrations and easier implementation make it particularly suitable for SMBs. Companies like Costco and Estee Lauder leverage OneStream for its suite of financial capabilities, highlighting its appeal to enterprises seeking robust financial management solutions.
Anaplan, on the other hand, is designed to support enterprise-level needs, making it a great choice for large businesses. The platform’s extensive capabilities can lead to a steep learning curve, but it is best for users who can dedicate time and resources to learning and leveraging its advanced features for strategic planning.
Anaplan eliminates the silos between different departments by offering connected planning across various business functions, making it particularly beneficial for organizations that require dynamic and real-time scenario planning in their supply chain.
Who Should Use OneStream?
OneStream is a great option for businesses that require comprehensive financial solutions. Its large number of integrations and easier implementation make it particularly suitable for SMBs. Organizations looking for easy scalability and flexible payment options will find OneStream appealing.
With notable clients like Costco and Estee Lauder, it’s clear that OneStream’s suite of financial capabilities is trusted by large enterprises seeking robust financial management solutions.
Who Should Use Anaplan?
Anaplan is a great choice for large businesses that require extensive modeling capabilities and integrated complex data across various functions. The platform’s extensive capabilities can lead to a steep learning curve, but it is best for users who can dedicate time and resources to learning and leveraging its advanced features for strategic planning.
Anaplan offers connected planning across various business functions, making it particularly beneficial for organizations that require dynamic and real-time scenario planning. Anaplan eliminates the silos between different departments, enhancing collaboration and efficiency within organizations.
Summary
Choosing between OneStream and Anaplan ultimately depends on your business’s specific needs and priorities. OneStream offers a robust, integrated solution for financial consolidation, reporting, and planning, making it ideal for organizations requiring comprehensive financial management solutions. Its standardized pricing and extensive integration capabilities further enhance its appeal to SMBs and large enterprises alike.
Anaplan, with its extensive modeling capabilities and flexible interface, is best suited for large businesses that engage in comprehensive financial planning and analysis. While it may have a steeper learning curve and some customer support challenges, its ability to provide dynamic scenario planning and connected planning across various business functions makes it a powerful tool for strategic decision-making. Evaluate your organization’s priorities, budget, and technical requirements to determine which platform aligns best with your goals.
Frequently Asked Questions
What is Anaplan's competitor?
Board is considered the best overall alternative to Anaplan, with other competitors including Vena, Prophix Software, Planful, and Pigment.
What is OneStream software used for?
OneStream software is utilized for performance management, encompassing financial consolidation, budgeting, forecasting, financial reporting, and data quality management. It serves as a comprehensive platform that transforms the finance function of businesses.
Is OneStream similar to hyperion?
OneStream is indeed similar to Hyperion, as it was developed by former creators of Hyperion Financial Management and provides comparable financial consolidation and reporting capabilities. Both systems are designed to enhance corporate performance management effectively.
What are the primary differences between OneStream and Anaplan?
The primary difference between OneStream and Anaplan lies in their core functionalities: OneStream specializes in financial consolidation and reporting, whereas Anaplan is designed for dynamic scenario and connected planning across multiple business functions. This distinction may guide your choice based on your organization’s specific needs.
Which platform is more suitable for SMBs?
OneStream is more suitable for SMBs because it offers extensive integrations and an easier implementation process.
Wondering if OneStream vs Anaplan is the best EPM software for your business? In this article, we’ll compare their key features, pricing, and usability to help you decide.
Key Takeaways
OneStream excels in integrated financial management, offering a unified platform for financial consolidation, reporting, planning, and analysis, making it ideal for diverse business sizes.
Anaplan is known for its advanced multi-dimensional modeling and dynamic scenario planning capabilities, suited for large enterprises needing real-time collaboration and extensive performance management.
When choosing between the two, consider OneStream’s strength in integration and ease of use versus Anaplan’s flexibility and modeling capabilities, along with their respective pricing structures and support resources.
Overview of OneStream and Anaplan
OneStream was founded in 2012 and fast tracked to success with its solutions marketplace and financial management capabilities. By getting to 500 customers in early 2020 OneStream cemented its position as the leader in automating and consolidating financial planning. The platform provides a single system that combines financial consolidation, reporting, planning and analysis. OneStream also simplifies the financial close process to improve efficiency and accuracy for organisations with complex financials. Notable customers like Tenneco and Estee Lauder use OneStream for its functionality and scalability.
Anaplan is well known for business performance management. Anaplan breaks down silos between departments by connected planning across the business. This is particularly useful for organisations that need dynamic scenario planning and real time data. Anaplan’s flexibility and modelling capabilities make it a favourite for large organisations that need financial planning.
Key Feature Comparison
When comparing OneStream and Anaplan, it’s essential to consider the core features that each platform brings to the table. OneStream combines financial consolidation, reporting, planning, and analysis into a single cohesive platform, making it a robust solution for businesses requiring integrated financial processes. The platform’s advanced features and functionalities often lead the market, providing a more integrated solution compared to Anaplan’s segmented approach.
Anaplan, while offering a comprehensive set of features, excels in its multi-dimensional modeling capabilities and real-time scenario planning. This makes it an ideal choice for organizations that prioritize dynamic planning and require insights from connected planning across various departments. However, it's important to note that there are other solutions available in the market that could also meet users' needs.
The following subsections will delve deeper into specific feature comparisons, focusing on financial planning, scenario planning, and financial consolidation tools.
Financial Planning Features
OneStream offers comprehensive workflows with high interactive collaboration capabilities, making it ideal for industries such as financial services, manufacturing, and healthcare. The platform supports robust financial planning and analysis across multiple departments, ensuring seamless integration of financial processes. OneStream’s pricing typically starts at around $20,000 per year, making it accessible for various business sizes. Its unified platform streamlines financial consolidation, management reporting, and strategic planning, providing significant benefits to its users.
Anaplan, on the other hand, provides a combination of set workflows and customizable options, allowing businesses to tailor their financial planning processes to their specific needs. The platform’s key feature is its connected planning across various departments, which enhances collaboration and efficiency.
However, a noted drawback is its limitation in real-time data access across different models, which can hinder efficiency in fast-paced environments. Anaplan’s annual pricing also starts at approximately $20,000.
Scenario Planning Capabilities
Dynamic scenario planning is crucial for businesses to navigate uncertainties and leverage real-time insights for decision making. OneStream’s features enable users to adapt quickly to market changes through automated actions and responsive planning. This capability is particularly beneficial for industries that require agility and real-time data integration, ensuring that businesses can make informed decisions based on the latest information.
Anaplan shines in its extensive multi-dimensional modeling capabilities, which support complex planning processes effectively. The platform is particularly beneficial for organizations in technology and retail sectors that need dynamic planning and real-time collaboration across various departments. Anaplan’s ability to create and analyze multiple scenarios enhances strategic planning and decision-making, making it a powerful tool for forward-thinking businesses.
Financial Consolidation Tools
Both OneStream and Anaplan facilitate data consolidation from multiple sources to streamline financial processes. OneStream specifically targets finance teams in large organizations that require advanced financial consolidation, reporting, and planning capabilities. OneStream's capabilities in handling General Ledger (GL) account reconciliations are crucial for financial planning and consolidation processes. The platform’s unified architecture ensures a single source of truth for financial data, enhancing accuracy and reliability in financial reporting.
Anaplan also supports financial consolidation but is often praised for its flexibility in accommodating various data sources and stakeholder inputs. While it excels in complex modeling, some users find its integration with existing systems to be more complex compared to OneStream, which can hinder efficiency.
Nevertheless, Anaplan’s ability to connect with various financial and operational systems enhances its functionality within organizations, providing a comprehensive solution for financial planning and consolidation.
Pricing and Total Cost
The pricing structures of OneStream and Anaplan are crucial considerations for businesses evaluating their total cost of ownership. OneStream’s average annual cost is approximately $178,000, with its maximum price reaching up to $290,000. The platform’s implementation and licensing fees can be higher than many alternatives, particularly for smaller organizations or those with less complex financial needs. However, OneStream’s unified platform that combines various financial management processes can help reduce total ownership costs compared to maintaining multiple legacy systems.
Anaplan’s pricing model is based on a subscription model, which varies depending on the scale and modules chosen by the organization. Both platforms may incur extra costs for additional features or modules that are not included in the base subscription pricing.
It’s essential for organizations to consider these additional costs, as well as the potential for extra charges during renewal processes, which may require negotiations to address technical concerns and cost uplifts.
Subscription Tiers
Anaplan provides multiple subscription tiers designed to accommodate different business sizes and needs, allowing for flexibility in scaling and functionality. This approach enables organizations to choose the level of service that best fits their requirements, with options to upgrade as their needs evolve. Anaplan’s flexible pricing model is particularly beneficial for growing businesses that anticipate changes in their financial planning processes over time.
OneStream, in contrast, offers a more standardized pricing approach, which may be less flexible for varying business sizes. This standardized model can simplify the decision-making process for organizations that prefer a clear and straightforward pricing structure. However, it may also limit customization options for smaller businesses or those with unique financial planning needs.
Additional Costs
When evaluating additional costs for EPM software, it’s essential to consider not only subscription fees but also implementation costs. OneStream provides slightly lower implementation times than Anaplan, which can lead to reduced overall costs and quicker return on investment. This factor is crucial for businesses looking to minimize disruption during the transition to a new EPM platform.
Both OneStream and Anaplan offer various add-ons that can enhance the platform’s functionality, potentially leading to further investment by users seeking specialized capabilities. Organizations should carefully evaluate their specific requirements and consider the total cost, including these additional investments, when choosing between the two platforms.
User Experience and Interface
OneStream’s interface is designed to be user-friendly, offering a unified platform that simplifies financial processes like planning and reporting. Users often highlight its drill-down capabilities, which allow tracing data back to its source for better insights. However, some users find the written training reference materials insufficient, relying heavily on verbal instructions during training sessions.
Anaplan provides a flexible interface that allows users to customize their experience according to specific business needs, enhancing usability. Its cloud-based architecture enables access from anywhere, making it suitable for organizations with remote teams. Anaplan’s scenario modeling feature and connected planning approach further enhance strategic decision-making and risk management.
Integration and Compatibility
Integration and compatibility are critical factors when choosing an EPM platform. OneStream features a streamlined platform that facilitates collaboration between Finance and Operations, offering a single source of truth. Its marketplace solutions provide pre-built integrations, saving users time and effort in developing custom solutions. OneStream supports direct integration with over 250 systems, including major ERP, HCM, and CRM platforms.
Anaplan also boasts strong integration capabilities, allowing it to connect with a variety of existing systems to enhance its functionality within organizations. However, some users find its integration process to be more complex, which can hinder efficiency. Both platforms offer compatibility with CRM, ERP, HRIS, and BI systems, ensuring seamless data flow and accuracy in reporting.
Direct Integration Options
OneStream and Anaplan are known for their integration capabilities with various systems, including CRM, ERP, HRIS, BI, and other platforms. OneStream is considered the winner for integration capabilities compared to Anaplan, thanks to its extensive support for over 250 systems. OneStream’s real-time data integration ensures up-to-date financial information, enhancing the platform’s overall utility.
Both platforms offer Excel as an important add-in for users, though it is not built-in. This feature is crucial for businesses that rely heavily on Excel for financial planning and reporting. The ability to integrate seamlessly with Excel enhances both platforms’ usability and appeal to a broader range of users.
Compatibility with Other Systems
OneStream offers real-time data integration with ERP and CRM solutions, ensuring accurate financial reporting. This capability is particularly beneficial for large organizations that require up-to-date financial information to make informed decisions. OneStream’s unified platform further simplifies the integration process, making it a user-friendly choice for businesses of all sizes.
Anaplan supports integration with a variety of business tools, but its native Excel integration is lacking. This limitation can be a drawback for organizations that rely heavily on Excel for their financial planning processes. Despite its complexity when integrating with existing systems, Anaplan’s extensive capabilities make it a powerful tool for businesses that can dedicate the time and resources to leverage its full potential.
Customer Support and Resources
Support and resources are key when choosing an EPM platform. OneStream have made efforts to improve customer satisfaction by consolidating monitoring tools and reducing support response times. But some users have reported that critical cases took over a month to resolve so there’s room for improvement in response times.
Anaplan have a Customer Success Program that includes dedicated advisors and a structured onboarding process. Anaplan also provide clear and well structured training materials that are updated regularly so users can learn and retain more.
Both platforms offer a range of resources, but the efficiency and reliability of their support services remain critical factors for users.
Pros and Cons
OneStream allows for consolidated reporting across a large number of entities and provides a customizable dashboard for reporting flexibility. Its singular cube architecture ensures a unified source of truth for financial data, making it a robust choice for financial consolidation. However, users have expressed the need for improved functionality in the Excel add-in, particularly for side-by-side data comparisons. Additionally, OneStream’s support challenges could be a potential drawback for some users.
Anaplan’s strengths lie in its extensive modeling capabilities and flexible interface, which can accommodate complex planning processes. The platform is particularly beneficial for large businesses that engage in comprehensive financial planning and utilize a calculation engine for analysis.
However, the decline in customer support quality and the steep learning curve for new users transitioning from simpler systems are notable disadvantages. Despite these challenges, Anaplan’s ability to integrate complex data across various functions remains a significant benefit.
Ideal User Profiles
Understanding the ideal user profiles for OneStream and Anaplan can help businesses determine which platform is the best fit for their needs. OneStream is a great option for businesses that require comprehensive financial solutions. Its large number of integrations and easier implementation make it particularly suitable for SMBs. Companies like Costco and Estee Lauder leverage OneStream for its suite of financial capabilities, highlighting its appeal to enterprises seeking robust financial management solutions.
Anaplan, on the other hand, is designed to support enterprise-level needs, making it a great choice for large businesses. The platform’s extensive capabilities can lead to a steep learning curve, but it is best for users who can dedicate time and resources to learning and leveraging its advanced features for strategic planning.
Anaplan eliminates the silos between different departments by offering connected planning across various business functions, making it particularly beneficial for organizations that require dynamic and real-time scenario planning in their supply chain.
Who Should Use OneStream?
OneStream is a great option for businesses that require comprehensive financial solutions. Its large number of integrations and easier implementation make it particularly suitable for SMBs. Organizations looking for easy scalability and flexible payment options will find OneStream appealing.
With notable clients like Costco and Estee Lauder, it’s clear that OneStream’s suite of financial capabilities is trusted by large enterprises seeking robust financial management solutions.
Who Should Use Anaplan?
Anaplan is a great choice for large businesses that require extensive modeling capabilities and integrated complex data across various functions. The platform’s extensive capabilities can lead to a steep learning curve, but it is best for users who can dedicate time and resources to learning and leveraging its advanced features for strategic planning.
Anaplan offers connected planning across various business functions, making it particularly beneficial for organizations that require dynamic and real-time scenario planning. Anaplan eliminates the silos between different departments, enhancing collaboration and efficiency within organizations.
Summary
Choosing between OneStream and Anaplan ultimately depends on your business’s specific needs and priorities. OneStream offers a robust, integrated solution for financial consolidation, reporting, and planning, making it ideal for organizations requiring comprehensive financial management solutions. Its standardized pricing and extensive integration capabilities further enhance its appeal to SMBs and large enterprises alike.
Anaplan, with its extensive modeling capabilities and flexible interface, is best suited for large businesses that engage in comprehensive financial planning and analysis. While it may have a steeper learning curve and some customer support challenges, its ability to provide dynamic scenario planning and connected planning across various business functions makes it a powerful tool for strategic decision-making. Evaluate your organization’s priorities, budget, and technical requirements to determine which platform aligns best with your goals.
Frequently Asked Questions
What is Anaplan's competitor?
Board is considered the best overall alternative to Anaplan, with other competitors including Vena, Prophix Software, Planful, and Pigment.
What is OneStream software used for?
OneStream software is utilized for performance management, encompassing financial consolidation, budgeting, forecasting, financial reporting, and data quality management. It serves as a comprehensive platform that transforms the finance function of businesses.
Is OneStream similar to hyperion?
OneStream is indeed similar to Hyperion, as it was developed by former creators of Hyperion Financial Management and provides comparable financial consolidation and reporting capabilities. Both systems are designed to enhance corporate performance management effectively.
What are the primary differences between OneStream and Anaplan?
The primary difference between OneStream and Anaplan lies in their core functionalities: OneStream specializes in financial consolidation and reporting, whereas Anaplan is designed for dynamic scenario and connected planning across multiple business functions. This distinction may guide your choice based on your organization’s specific needs.
Which platform is more suitable for SMBs?
OneStream is more suitable for SMBs because it offers extensive integrations and an easier implementation process.
Wondering if OneStream vs Anaplan is the best EPM software for your business? In this article, we’ll compare their key features, pricing, and usability to help you decide.
Key Takeaways
OneStream excels in integrated financial management, offering a unified platform for financial consolidation, reporting, planning, and analysis, making it ideal for diverse business sizes.
Anaplan is known for its advanced multi-dimensional modeling and dynamic scenario planning capabilities, suited for large enterprises needing real-time collaboration and extensive performance management.
When choosing between the two, consider OneStream’s strength in integration and ease of use versus Anaplan’s flexibility and modeling capabilities, along with their respective pricing structures and support resources.
Overview of OneStream and Anaplan
OneStream was founded in 2012 and fast tracked to success with its solutions marketplace and financial management capabilities. By getting to 500 customers in early 2020 OneStream cemented its position as the leader in automating and consolidating financial planning. The platform provides a single system that combines financial consolidation, reporting, planning and analysis. OneStream also simplifies the financial close process to improve efficiency and accuracy for organisations with complex financials. Notable customers like Tenneco and Estee Lauder use OneStream for its functionality and scalability.
Anaplan is well known for business performance management. Anaplan breaks down silos between departments by connected planning across the business. This is particularly useful for organisations that need dynamic scenario planning and real time data. Anaplan’s flexibility and modelling capabilities make it a favourite for large organisations that need financial planning.
Key Feature Comparison
When comparing OneStream and Anaplan, it’s essential to consider the core features that each platform brings to the table. OneStream combines financial consolidation, reporting, planning, and analysis into a single cohesive platform, making it a robust solution for businesses requiring integrated financial processes. The platform’s advanced features and functionalities often lead the market, providing a more integrated solution compared to Anaplan’s segmented approach.
Anaplan, while offering a comprehensive set of features, excels in its multi-dimensional modeling capabilities and real-time scenario planning. This makes it an ideal choice for organizations that prioritize dynamic planning and require insights from connected planning across various departments. However, it's important to note that there are other solutions available in the market that could also meet users' needs.
The following subsections will delve deeper into specific feature comparisons, focusing on financial planning, scenario planning, and financial consolidation tools.
Financial Planning Features
OneStream offers comprehensive workflows with high interactive collaboration capabilities, making it ideal for industries such as financial services, manufacturing, and healthcare. The platform supports robust financial planning and analysis across multiple departments, ensuring seamless integration of financial processes. OneStream’s pricing typically starts at around $20,000 per year, making it accessible for various business sizes. Its unified platform streamlines financial consolidation, management reporting, and strategic planning, providing significant benefits to its users.
Anaplan, on the other hand, provides a combination of set workflows and customizable options, allowing businesses to tailor their financial planning processes to their specific needs. The platform’s key feature is its connected planning across various departments, which enhances collaboration and efficiency.
However, a noted drawback is its limitation in real-time data access across different models, which can hinder efficiency in fast-paced environments. Anaplan’s annual pricing also starts at approximately $20,000.
Scenario Planning Capabilities
Dynamic scenario planning is crucial for businesses to navigate uncertainties and leverage real-time insights for decision making. OneStream’s features enable users to adapt quickly to market changes through automated actions and responsive planning. This capability is particularly beneficial for industries that require agility and real-time data integration, ensuring that businesses can make informed decisions based on the latest information.
Anaplan shines in its extensive multi-dimensional modeling capabilities, which support complex planning processes effectively. The platform is particularly beneficial for organizations in technology and retail sectors that need dynamic planning and real-time collaboration across various departments. Anaplan’s ability to create and analyze multiple scenarios enhances strategic planning and decision-making, making it a powerful tool for forward-thinking businesses.
Financial Consolidation Tools
Both OneStream and Anaplan facilitate data consolidation from multiple sources to streamline financial processes. OneStream specifically targets finance teams in large organizations that require advanced financial consolidation, reporting, and planning capabilities. OneStream's capabilities in handling General Ledger (GL) account reconciliations are crucial for financial planning and consolidation processes. The platform’s unified architecture ensures a single source of truth for financial data, enhancing accuracy and reliability in financial reporting.
Anaplan also supports financial consolidation but is often praised for its flexibility in accommodating various data sources and stakeholder inputs. While it excels in complex modeling, some users find its integration with existing systems to be more complex compared to OneStream, which can hinder efficiency.
Nevertheless, Anaplan’s ability to connect with various financial and operational systems enhances its functionality within organizations, providing a comprehensive solution for financial planning and consolidation.
Pricing and Total Cost
The pricing structures of OneStream and Anaplan are crucial considerations for businesses evaluating their total cost of ownership. OneStream’s average annual cost is approximately $178,000, with its maximum price reaching up to $290,000. The platform’s implementation and licensing fees can be higher than many alternatives, particularly for smaller organizations or those with less complex financial needs. However, OneStream’s unified platform that combines various financial management processes can help reduce total ownership costs compared to maintaining multiple legacy systems.
Anaplan’s pricing model is based on a subscription model, which varies depending on the scale and modules chosen by the organization. Both platforms may incur extra costs for additional features or modules that are not included in the base subscription pricing.
It’s essential for organizations to consider these additional costs, as well as the potential for extra charges during renewal processes, which may require negotiations to address technical concerns and cost uplifts.
Subscription Tiers
Anaplan provides multiple subscription tiers designed to accommodate different business sizes and needs, allowing for flexibility in scaling and functionality. This approach enables organizations to choose the level of service that best fits their requirements, with options to upgrade as their needs evolve. Anaplan’s flexible pricing model is particularly beneficial for growing businesses that anticipate changes in their financial planning processes over time.
OneStream, in contrast, offers a more standardized pricing approach, which may be less flexible for varying business sizes. This standardized model can simplify the decision-making process for organizations that prefer a clear and straightforward pricing structure. However, it may also limit customization options for smaller businesses or those with unique financial planning needs.
Additional Costs
When evaluating additional costs for EPM software, it’s essential to consider not only subscription fees but also implementation costs. OneStream provides slightly lower implementation times than Anaplan, which can lead to reduced overall costs and quicker return on investment. This factor is crucial for businesses looking to minimize disruption during the transition to a new EPM platform.
Both OneStream and Anaplan offer various add-ons that can enhance the platform’s functionality, potentially leading to further investment by users seeking specialized capabilities. Organizations should carefully evaluate their specific requirements and consider the total cost, including these additional investments, when choosing between the two platforms.
User Experience and Interface
OneStream’s interface is designed to be user-friendly, offering a unified platform that simplifies financial processes like planning and reporting. Users often highlight its drill-down capabilities, which allow tracing data back to its source for better insights. However, some users find the written training reference materials insufficient, relying heavily on verbal instructions during training sessions.
Anaplan provides a flexible interface that allows users to customize their experience according to specific business needs, enhancing usability. Its cloud-based architecture enables access from anywhere, making it suitable for organizations with remote teams. Anaplan’s scenario modeling feature and connected planning approach further enhance strategic decision-making and risk management.
Integration and Compatibility
Integration and compatibility are critical factors when choosing an EPM platform. OneStream features a streamlined platform that facilitates collaboration between Finance and Operations, offering a single source of truth. Its marketplace solutions provide pre-built integrations, saving users time and effort in developing custom solutions. OneStream supports direct integration with over 250 systems, including major ERP, HCM, and CRM platforms.
Anaplan also boasts strong integration capabilities, allowing it to connect with a variety of existing systems to enhance its functionality within organizations. However, some users find its integration process to be more complex, which can hinder efficiency. Both platforms offer compatibility with CRM, ERP, HRIS, and BI systems, ensuring seamless data flow and accuracy in reporting.
Direct Integration Options
OneStream and Anaplan are known for their integration capabilities with various systems, including CRM, ERP, HRIS, BI, and other platforms. OneStream is considered the winner for integration capabilities compared to Anaplan, thanks to its extensive support for over 250 systems. OneStream’s real-time data integration ensures up-to-date financial information, enhancing the platform’s overall utility.
Both platforms offer Excel as an important add-in for users, though it is not built-in. This feature is crucial for businesses that rely heavily on Excel for financial planning and reporting. The ability to integrate seamlessly with Excel enhances both platforms’ usability and appeal to a broader range of users.
Compatibility with Other Systems
OneStream offers real-time data integration with ERP and CRM solutions, ensuring accurate financial reporting. This capability is particularly beneficial for large organizations that require up-to-date financial information to make informed decisions. OneStream’s unified platform further simplifies the integration process, making it a user-friendly choice for businesses of all sizes.
Anaplan supports integration with a variety of business tools, but its native Excel integration is lacking. This limitation can be a drawback for organizations that rely heavily on Excel for their financial planning processes. Despite its complexity when integrating with existing systems, Anaplan’s extensive capabilities make it a powerful tool for businesses that can dedicate the time and resources to leverage its full potential.
Customer Support and Resources
Support and resources are key when choosing an EPM platform. OneStream have made efforts to improve customer satisfaction by consolidating monitoring tools and reducing support response times. But some users have reported that critical cases took over a month to resolve so there’s room for improvement in response times.
Anaplan have a Customer Success Program that includes dedicated advisors and a structured onboarding process. Anaplan also provide clear and well structured training materials that are updated regularly so users can learn and retain more.
Both platforms offer a range of resources, but the efficiency and reliability of their support services remain critical factors for users.
Pros and Cons
OneStream allows for consolidated reporting across a large number of entities and provides a customizable dashboard for reporting flexibility. Its singular cube architecture ensures a unified source of truth for financial data, making it a robust choice for financial consolidation. However, users have expressed the need for improved functionality in the Excel add-in, particularly for side-by-side data comparisons. Additionally, OneStream’s support challenges could be a potential drawback for some users.
Anaplan’s strengths lie in its extensive modeling capabilities and flexible interface, which can accommodate complex planning processes. The platform is particularly beneficial for large businesses that engage in comprehensive financial planning and utilize a calculation engine for analysis.
However, the decline in customer support quality and the steep learning curve for new users transitioning from simpler systems are notable disadvantages. Despite these challenges, Anaplan’s ability to integrate complex data across various functions remains a significant benefit.
Ideal User Profiles
Understanding the ideal user profiles for OneStream and Anaplan can help businesses determine which platform is the best fit for their needs. OneStream is a great option for businesses that require comprehensive financial solutions. Its large number of integrations and easier implementation make it particularly suitable for SMBs. Companies like Costco and Estee Lauder leverage OneStream for its suite of financial capabilities, highlighting its appeal to enterprises seeking robust financial management solutions.
Anaplan, on the other hand, is designed to support enterprise-level needs, making it a great choice for large businesses. The platform’s extensive capabilities can lead to a steep learning curve, but it is best for users who can dedicate time and resources to learning and leveraging its advanced features for strategic planning.
Anaplan eliminates the silos between different departments by offering connected planning across various business functions, making it particularly beneficial for organizations that require dynamic and real-time scenario planning in their supply chain.
Who Should Use OneStream?
OneStream is a great option for businesses that require comprehensive financial solutions. Its large number of integrations and easier implementation make it particularly suitable for SMBs. Organizations looking for easy scalability and flexible payment options will find OneStream appealing.
With notable clients like Costco and Estee Lauder, it’s clear that OneStream’s suite of financial capabilities is trusted by large enterprises seeking robust financial management solutions.
Who Should Use Anaplan?
Anaplan is a great choice for large businesses that require extensive modeling capabilities and integrated complex data across various functions. The platform’s extensive capabilities can lead to a steep learning curve, but it is best for users who can dedicate time and resources to learning and leveraging its advanced features for strategic planning.
Anaplan offers connected planning across various business functions, making it particularly beneficial for organizations that require dynamic and real-time scenario planning. Anaplan eliminates the silos between different departments, enhancing collaboration and efficiency within organizations.
Summary
Choosing between OneStream and Anaplan ultimately depends on your business’s specific needs and priorities. OneStream offers a robust, integrated solution for financial consolidation, reporting, and planning, making it ideal for organizations requiring comprehensive financial management solutions. Its standardized pricing and extensive integration capabilities further enhance its appeal to SMBs and large enterprises alike.
Anaplan, with its extensive modeling capabilities and flexible interface, is best suited for large businesses that engage in comprehensive financial planning and analysis. While it may have a steeper learning curve and some customer support challenges, its ability to provide dynamic scenario planning and connected planning across various business functions makes it a powerful tool for strategic decision-making. Evaluate your organization’s priorities, budget, and technical requirements to determine which platform aligns best with your goals.
Frequently Asked Questions
What is Anaplan's competitor?
Board is considered the best overall alternative to Anaplan, with other competitors including Vena, Prophix Software, Planful, and Pigment.
What is OneStream software used for?
OneStream software is utilized for performance management, encompassing financial consolidation, budgeting, forecasting, financial reporting, and data quality management. It serves as a comprehensive platform that transforms the finance function of businesses.
Is OneStream similar to hyperion?
OneStream is indeed similar to Hyperion, as it was developed by former creators of Hyperion Financial Management and provides comparable financial consolidation and reporting capabilities. Both systems are designed to enhance corporate performance management effectively.
What are the primary differences between OneStream and Anaplan?
The primary difference between OneStream and Anaplan lies in their core functionalities: OneStream specializes in financial consolidation and reporting, whereas Anaplan is designed for dynamic scenario and connected planning across multiple business functions. This distinction may guide your choice based on your organization’s specific needs.
Which platform is more suitable for SMBs?
OneStream is more suitable for SMBs because it offers extensive integrations and an easier implementation process.
Wondering if OneStream vs Anaplan is the best EPM software for your business? In this article, we’ll compare their key features, pricing, and usability to help you decide.
Key Takeaways
OneStream excels in integrated financial management, offering a unified platform for financial consolidation, reporting, planning, and analysis, making it ideal for diverse business sizes.
Anaplan is known for its advanced multi-dimensional modeling and dynamic scenario planning capabilities, suited for large enterprises needing real-time collaboration and extensive performance management.
When choosing between the two, consider OneStream’s strength in integration and ease of use versus Anaplan’s flexibility and modeling capabilities, along with their respective pricing structures and support resources.
Overview of OneStream and Anaplan
OneStream was founded in 2012 and fast tracked to success with its solutions marketplace and financial management capabilities. By getting to 500 customers in early 2020 OneStream cemented its position as the leader in automating and consolidating financial planning. The platform provides a single system that combines financial consolidation, reporting, planning and analysis. OneStream also simplifies the financial close process to improve efficiency and accuracy for organisations with complex financials. Notable customers like Tenneco and Estee Lauder use OneStream for its functionality and scalability.
Anaplan is well known for business performance management. Anaplan breaks down silos between departments by connected planning across the business. This is particularly useful for organisations that need dynamic scenario planning and real time data. Anaplan’s flexibility and modelling capabilities make it a favourite for large organisations that need financial planning.
Key Feature Comparison
When comparing OneStream and Anaplan, it’s essential to consider the core features that each platform brings to the table. OneStream combines financial consolidation, reporting, planning, and analysis into a single cohesive platform, making it a robust solution for businesses requiring integrated financial processes. The platform’s advanced features and functionalities often lead the market, providing a more integrated solution compared to Anaplan’s segmented approach.
Anaplan, while offering a comprehensive set of features, excels in its multi-dimensional modeling capabilities and real-time scenario planning. This makes it an ideal choice for organizations that prioritize dynamic planning and require insights from connected planning across various departments. However, it's important to note that there are other solutions available in the market that could also meet users' needs.
The following subsections will delve deeper into specific feature comparisons, focusing on financial planning, scenario planning, and financial consolidation tools.
Financial Planning Features
OneStream offers comprehensive workflows with high interactive collaboration capabilities, making it ideal for industries such as financial services, manufacturing, and healthcare. The platform supports robust financial planning and analysis across multiple departments, ensuring seamless integration of financial processes. OneStream’s pricing typically starts at around $20,000 per year, making it accessible for various business sizes. Its unified platform streamlines financial consolidation, management reporting, and strategic planning, providing significant benefits to its users.
Anaplan, on the other hand, provides a combination of set workflows and customizable options, allowing businesses to tailor their financial planning processes to their specific needs. The platform’s key feature is its connected planning across various departments, which enhances collaboration and efficiency.
However, a noted drawback is its limitation in real-time data access across different models, which can hinder efficiency in fast-paced environments. Anaplan’s annual pricing also starts at approximately $20,000.
Scenario Planning Capabilities
Dynamic scenario planning is crucial for businesses to navigate uncertainties and leverage real-time insights for decision making. OneStream’s features enable users to adapt quickly to market changes through automated actions and responsive planning. This capability is particularly beneficial for industries that require agility and real-time data integration, ensuring that businesses can make informed decisions based on the latest information.
Anaplan shines in its extensive multi-dimensional modeling capabilities, which support complex planning processes effectively. The platform is particularly beneficial for organizations in technology and retail sectors that need dynamic planning and real-time collaboration across various departments. Anaplan’s ability to create and analyze multiple scenarios enhances strategic planning and decision-making, making it a powerful tool for forward-thinking businesses.
Financial Consolidation Tools
Both OneStream and Anaplan facilitate data consolidation from multiple sources to streamline financial processes. OneStream specifically targets finance teams in large organizations that require advanced financial consolidation, reporting, and planning capabilities. OneStream's capabilities in handling General Ledger (GL) account reconciliations are crucial for financial planning and consolidation processes. The platform’s unified architecture ensures a single source of truth for financial data, enhancing accuracy and reliability in financial reporting.
Anaplan also supports financial consolidation but is often praised for its flexibility in accommodating various data sources and stakeholder inputs. While it excels in complex modeling, some users find its integration with existing systems to be more complex compared to OneStream, which can hinder efficiency.
Nevertheless, Anaplan’s ability to connect with various financial and operational systems enhances its functionality within organizations, providing a comprehensive solution for financial planning and consolidation.
Pricing and Total Cost
The pricing structures of OneStream and Anaplan are crucial considerations for businesses evaluating their total cost of ownership. OneStream’s average annual cost is approximately $178,000, with its maximum price reaching up to $290,000. The platform’s implementation and licensing fees can be higher than many alternatives, particularly for smaller organizations or those with less complex financial needs. However, OneStream’s unified platform that combines various financial management processes can help reduce total ownership costs compared to maintaining multiple legacy systems.
Anaplan’s pricing model is based on a subscription model, which varies depending on the scale and modules chosen by the organization. Both platforms may incur extra costs for additional features or modules that are not included in the base subscription pricing.
It’s essential for organizations to consider these additional costs, as well as the potential for extra charges during renewal processes, which may require negotiations to address technical concerns and cost uplifts.
Subscription Tiers
Anaplan provides multiple subscription tiers designed to accommodate different business sizes and needs, allowing for flexibility in scaling and functionality. This approach enables organizations to choose the level of service that best fits their requirements, with options to upgrade as their needs evolve. Anaplan’s flexible pricing model is particularly beneficial for growing businesses that anticipate changes in their financial planning processes over time.
OneStream, in contrast, offers a more standardized pricing approach, which may be less flexible for varying business sizes. This standardized model can simplify the decision-making process for organizations that prefer a clear and straightforward pricing structure. However, it may also limit customization options for smaller businesses or those with unique financial planning needs.
Additional Costs
When evaluating additional costs for EPM software, it’s essential to consider not only subscription fees but also implementation costs. OneStream provides slightly lower implementation times than Anaplan, which can lead to reduced overall costs and quicker return on investment. This factor is crucial for businesses looking to minimize disruption during the transition to a new EPM platform.
Both OneStream and Anaplan offer various add-ons that can enhance the platform’s functionality, potentially leading to further investment by users seeking specialized capabilities. Organizations should carefully evaluate their specific requirements and consider the total cost, including these additional investments, when choosing between the two platforms.
User Experience and Interface
OneStream’s interface is designed to be user-friendly, offering a unified platform that simplifies financial processes like planning and reporting. Users often highlight its drill-down capabilities, which allow tracing data back to its source for better insights. However, some users find the written training reference materials insufficient, relying heavily on verbal instructions during training sessions.
Anaplan provides a flexible interface that allows users to customize their experience according to specific business needs, enhancing usability. Its cloud-based architecture enables access from anywhere, making it suitable for organizations with remote teams. Anaplan’s scenario modeling feature and connected planning approach further enhance strategic decision-making and risk management.
Integration and Compatibility
Integration and compatibility are critical factors when choosing an EPM platform. OneStream features a streamlined platform that facilitates collaboration between Finance and Operations, offering a single source of truth. Its marketplace solutions provide pre-built integrations, saving users time and effort in developing custom solutions. OneStream supports direct integration with over 250 systems, including major ERP, HCM, and CRM platforms.
Anaplan also boasts strong integration capabilities, allowing it to connect with a variety of existing systems to enhance its functionality within organizations. However, some users find its integration process to be more complex, which can hinder efficiency. Both platforms offer compatibility with CRM, ERP, HRIS, and BI systems, ensuring seamless data flow and accuracy in reporting.
Direct Integration Options
OneStream and Anaplan are known for their integration capabilities with various systems, including CRM, ERP, HRIS, BI, and other platforms. OneStream is considered the winner for integration capabilities compared to Anaplan, thanks to its extensive support for over 250 systems. OneStream’s real-time data integration ensures up-to-date financial information, enhancing the platform’s overall utility.
Both platforms offer Excel as an important add-in for users, though it is not built-in. This feature is crucial for businesses that rely heavily on Excel for financial planning and reporting. The ability to integrate seamlessly with Excel enhances both platforms’ usability and appeal to a broader range of users.
Compatibility with Other Systems
OneStream offers real-time data integration with ERP and CRM solutions, ensuring accurate financial reporting. This capability is particularly beneficial for large organizations that require up-to-date financial information to make informed decisions. OneStream’s unified platform further simplifies the integration process, making it a user-friendly choice for businesses of all sizes.
Anaplan supports integration with a variety of business tools, but its native Excel integration is lacking. This limitation can be a drawback for organizations that rely heavily on Excel for their financial planning processes. Despite its complexity when integrating with existing systems, Anaplan’s extensive capabilities make it a powerful tool for businesses that can dedicate the time and resources to leverage its full potential.
Customer Support and Resources
Support and resources are key when choosing an EPM platform. OneStream have made efforts to improve customer satisfaction by consolidating monitoring tools and reducing support response times. But some users have reported that critical cases took over a month to resolve so there’s room for improvement in response times.
Anaplan have a Customer Success Program that includes dedicated advisors and a structured onboarding process. Anaplan also provide clear and well structured training materials that are updated regularly so users can learn and retain more.
Both platforms offer a range of resources, but the efficiency and reliability of their support services remain critical factors for users.
Pros and Cons
OneStream allows for consolidated reporting across a large number of entities and provides a customizable dashboard for reporting flexibility. Its singular cube architecture ensures a unified source of truth for financial data, making it a robust choice for financial consolidation. However, users have expressed the need for improved functionality in the Excel add-in, particularly for side-by-side data comparisons. Additionally, OneStream’s support challenges could be a potential drawback for some users.
Anaplan’s strengths lie in its extensive modeling capabilities and flexible interface, which can accommodate complex planning processes. The platform is particularly beneficial for large businesses that engage in comprehensive financial planning and utilize a calculation engine for analysis.
However, the decline in customer support quality and the steep learning curve for new users transitioning from simpler systems are notable disadvantages. Despite these challenges, Anaplan’s ability to integrate complex data across various functions remains a significant benefit.
Ideal User Profiles
Understanding the ideal user profiles for OneStream and Anaplan can help businesses determine which platform is the best fit for their needs. OneStream is a great option for businesses that require comprehensive financial solutions. Its large number of integrations and easier implementation make it particularly suitable for SMBs. Companies like Costco and Estee Lauder leverage OneStream for its suite of financial capabilities, highlighting its appeal to enterprises seeking robust financial management solutions.
Anaplan, on the other hand, is designed to support enterprise-level needs, making it a great choice for large businesses. The platform’s extensive capabilities can lead to a steep learning curve, but it is best for users who can dedicate time and resources to learning and leveraging its advanced features for strategic planning.
Anaplan eliminates the silos between different departments by offering connected planning across various business functions, making it particularly beneficial for organizations that require dynamic and real-time scenario planning in their supply chain.
Who Should Use OneStream?
OneStream is a great option for businesses that require comprehensive financial solutions. Its large number of integrations and easier implementation make it particularly suitable for SMBs. Organizations looking for easy scalability and flexible payment options will find OneStream appealing.
With notable clients like Costco and Estee Lauder, it’s clear that OneStream’s suite of financial capabilities is trusted by large enterprises seeking robust financial management solutions.
Who Should Use Anaplan?
Anaplan is a great choice for large businesses that require extensive modeling capabilities and integrated complex data across various functions. The platform’s extensive capabilities can lead to a steep learning curve, but it is best for users who can dedicate time and resources to learning and leveraging its advanced features for strategic planning.
Anaplan offers connected planning across various business functions, making it particularly beneficial for organizations that require dynamic and real-time scenario planning. Anaplan eliminates the silos between different departments, enhancing collaboration and efficiency within organizations.
Summary
Choosing between OneStream and Anaplan ultimately depends on your business’s specific needs and priorities. OneStream offers a robust, integrated solution for financial consolidation, reporting, and planning, making it ideal for organizations requiring comprehensive financial management solutions. Its standardized pricing and extensive integration capabilities further enhance its appeal to SMBs and large enterprises alike.
Anaplan, with its extensive modeling capabilities and flexible interface, is best suited for large businesses that engage in comprehensive financial planning and analysis. While it may have a steeper learning curve and some customer support challenges, its ability to provide dynamic scenario planning and connected planning across various business functions makes it a powerful tool for strategic decision-making. Evaluate your organization’s priorities, budget, and technical requirements to determine which platform aligns best with your goals.
Frequently Asked Questions
What is Anaplan's competitor?
Board is considered the best overall alternative to Anaplan, with other competitors including Vena, Prophix Software, Planful, and Pigment.
What is OneStream software used for?
OneStream software is utilized for performance management, encompassing financial consolidation, budgeting, forecasting, financial reporting, and data quality management. It serves as a comprehensive platform that transforms the finance function of businesses.
Is OneStream similar to hyperion?
OneStream is indeed similar to Hyperion, as it was developed by former creators of Hyperion Financial Management and provides comparable financial consolidation and reporting capabilities. Both systems are designed to enhance corporate performance management effectively.
What are the primary differences between OneStream and Anaplan?
The primary difference between OneStream and Anaplan lies in their core functionalities: OneStream specializes in financial consolidation and reporting, whereas Anaplan is designed for dynamic scenario and connected planning across multiple business functions. This distinction may guide your choice based on your organization’s specific needs.
Which platform is more suitable for SMBs?
OneStream is more suitable for SMBs because it offers extensive integrations and an easier implementation process.
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Dmytro is a seasoned marketing professional with over 10 years in the B2B and startup ecosystem. He is passionate about helping companies better plan their revenue goals, improve forecast accuracy, and proactively address performance bottlenecks or seize growth opportunities.
Dmytro is a seasoned marketing professional with over 10 years in the B2B and startup ecosystem. He is passionate about helping companies better plan their revenue goals, improve forecast accuracy, and proactively address performance bottlenecks or seize growth opportunities.
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© 2025 Forecastio, All rights reserved.
© 2025 Forecastio, All rights reserved.