If you’re looking to move away from old-school tools and invest in planning software that can keep up with the complex needs of your business, then your choice has probably come down to Anaplan vs Adaptive. Both systems are category disruptors and come with a range of benefits.
They operate in a similar way but each have their own drawbacks. It’s often the case that after careful consideration on or the other will be the clear choice for your business needs and strategy.
Read on below for a list of things you should consider before making your decision and a helpful comparison of each system.
Consider your needs
The most key part of your decision making process is choosing a software that best fits your needs. Both systems are primarily used for record keeping and analysis of data and projecting future trends. Whilst both systems can be used for both needs, if you’re focus is weighted in one area than you should factor this into your decision.
When considering Anaplan vs Adaptive, the first option is great for record keeping and when it has accurate data, the better choice for projections and is the best choice for looking at future trends. The latter is the far better choice if you do not have a long history or highly detailed breakdown of past figures and data, as it can spit out projection based on a smaller amount of data.
If you’re a bigger business with a lot of detailed data then your choice should be Anaplan vs Adaptive. If you’re priority in using the software is more general predictions then the latter choice is probably the best way to go.
How big is your company?
There are a few things to consider with each offering when selecting a system, an a consideration of you companies size should play a role in making your choice.
When looking at Anaplan vs Adaptive, bigger companies should consider their needs. Whilst the former offers far more detail and analysis breakdown than the latter, it also creates a lot more work as it requires much more detail. This can be very time consuming and if you’re looking for models to make a decision on quickly, this is not the system for you. The latter is far easier to use efficiently, but does not give the same level of detail.
There are a number of different factors to consider with both systems, here are a few comparison points.
When it comes to Anaplan vs. Adaptive customer numbers, the former has less than a hundred customers (about 85) whilst the latter has around 3000.
The former however has experienced a 500% growth since 2012 and has some major clients, like Pandora and Kimberley Clark.
On average the more expensive system is Anaplan vs. Adaptive – usually coming in at around double the cost.
Maintenance and deployment
If you’re looking for something simple and easy to deploy, with minimal need for IT intervention and maintenance, then Anaplan vs. Adaptive is not the right choice for you as it requires significantly more time to customize and deploy.
At the end of the day, the choice you make between systems is dependent on your business needs. You should consider if your needs more closely align with financial modelling or if you’re looking to make projections and forecasting. Whilst both systems can do both, as week as offering a range of other function, they each have different focuses and strengths.
Both systems have experienced impressive growth and are set to be important for the financial planning aspects of increasingly complex businesses.