Anaplan vs CCH Tagetik comparison

 

Comparison Buyer's Guide

Executive Summary
 

Categories and Ranking

Anaplan
Ranking in Business Performance Management
1st
Average Rating
8.0
Number of Reviews
24
Ranking in other categories
Production Planning (5th), Predictive Analytics (4th)
CCH Tagetik
Ranking in Business Performance Management
13th
Average Rating
7.6
Number of Reviews
6
Ranking in other categories
Financial Close Software (8th)
 

Market share comparison

As of June 2024, in the Business Performance Management category, the market share of Anaplan is 13.6% and it decreased by 17.4% compared to the previous year. The market share of CCH Tagetik is 9.7% and it increased by 51.4% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
Unique Categories:
Predictive Analytics
15.8%
Financial Close Software
6.4%
 

Featured Reviews

Kumaran Singaram - PeerSpot reviewer
May 23, 2023
Effective machine learning, constantly evolving, but price could improve
Anaplan is used for various financial planning, such as supply chain, and consolidation My clients exhibit enhanced efficiency in financial planning, supply chain management, demand planning, and financial consolidation. They possess superior visibility, enabling swift action-taking. The most…
Julia Lupidii - PeerSpot reviewer
Sep 28, 2023
User-friendly performance management with intuitive approach
I appreciate its user-friendliness, especially for business users who may not be very tech-savvy. In many organizations, there's a mix of IT professionals and business users with varying levels of technical expertise. One of the strengths of the solution includes a feature similar to SmartView, is that it allows users to work with Excel. Since Excel is a widely familiar tool, it reduces the learning curve and makes it more accessible to a broader audience within the organization. The workflow feature within the solution is particularly valuable. It simplifies complex processes into a step-by-step sequence, making it easy for users to follow along.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"I am impressed with the tool’s real-time calculations and intuitive interface. The tool’s user interface is the best compared to other software that I have worked with. I also find the tool’s management reporting feature valuable."
"Anaplan's most valuable features are that it's a no-coding platform, everything can be scaled to your other functions, and it's easy to learn and use (especially because Anaplan provides excellent interactive training)."
"The solution scales well."
"It's real-time connected planning, so the calculations are pretty much seamless as far as your model is connected."
"Anaplan's in-memory calculation engine is super-fast compared to the old tools we previously used. You enter the data and everything shows up in one go."
"Technical support has been good."
"It's simple to use with a lot of functions."
"It's highly flexible. If you've got a complex environment with complex calculations, you can build that out. So that's a really good positive."
"I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Register, which benefits certain entities. The workflow feature is great, but it can become overly detailed and lacks clear guidance on design. The solution is good in terms of storage."
"The most valuable feature of CCH Tagetik is form creation."
"I appreciate its user-friendliness, especially for business users who may not be very tech-savvy."
"Has an APM, which deals with the details of data and has calculation functions included."
 

Cons

"There are workspace issues, like the limitation on model sizes."
"The price of the solution can improve."
"The solution can improve by providing an easier form of integration to different platforms, such as receiving data from different Salesforce. There is a process to do it through the use of some APIs but it could be made much easier. This would be a large help to us."
"The solution could improve by better dashboards and while entering the form loss and project implementation the ability to use graphical shapes more effectively."
"One area of improvement is conditional formatting. It's not very practical, and you need to specify additional formatting."
"There are so many business rules to set up in the system that as a business user it's hard to gauge what they're doing and it's possible to get lost."
"Anaplan should come up with flexible options to connect to a data warehouse rather than an Anaplan hub."
"The cloud engine slows down when working with a large dataset. It still lacks a powerful engine."
"The tool's major drawback is the ETL process, which is not up to par with other solutions."
"We faced difficulties while uploading data."
"There is room for improvement, especially on the settings side of the solution."
"Analytics function is weak. Other products have sum(irate) function and forecasting help function, but Tagetik does not have this clarity."
 

Pricing and Cost Advice

"The entry-level is anywhere from about $30,000 to $50,000 a year, however, it does go up significantly after that depending on the complexity and how much space you're using."
"The price of the solution is expensive."
"This is an expensive product and if the price were reduced then it would attract more customers."
"We are currently using a free workspace license for 90 days. We are satisfied with the price of the solution. There are additional costs if you want more storage, the default limit is 250 GB."
"Anaplan is a bit pricier compared to its competitors - the license costs about $4,000 per user annually."
"A value-for-money product and a very reasonable price compared to competitors like SAP or IBM."
"The license is a yearly subscription. There are three licensing tiers: the model builder, planner, and the reporting."
"The tool’s pricing is reasonable and competitive with other solutions."
"The solution's pricing is affordable."
"The solution is quite expensive."
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Top Industries

By visitors reading reviews
Educational Organization
25%
Computer Software Company
11%
Financial Services Firm
8%
Manufacturing Company
8%
Financial Services Firm
14%
Manufacturing Company
13%
Computer Software Company
12%
Retailer
8%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
 

Questions from the Community

What are your main use cases for Anaplan?
Anaplan is an industry-leading cloud-based corporate performance management (CPM) platform that combines business planning and analytics in a single solution. It is designed to assist organizations...
Is Board better than Anaplan as a Business Intelligence (BI) solution?
We've had several FP&A departments include Anaplan in their analytics discussions, and while BI information IS generated, the focus is generally on compiling input from various sources and simu...
Is Anaplan better than SAP ERP?
There are different aspects of both Anaplan and SAP ERP that I like and dislike. Anaplan improves forecast accuracy and drives up the quality of analytics. Rather than spending all of their time co...
What do you like most about CCH Tagetik?
I've primarily worked with CCH Tagetik as a consultant, handling implementations and not providing day-to-day user support. I initially appreciated the unified platform, the Ownership Structure Reg...
What needs improvement with CCH Tagetik?
The tool's major drawback is the ETL process, which is not up to par with other solutions.
 

Comparisons

 

Also Known As

No data available
Tagetik
 

Learn More

Video not available
 

Overview

 

Sample Customers

HP, ForeScout, DocuSign, EAT, Pandora, Aviva, Intel Security, Zalora
Daimler, Randstad, Rabobank, Metro Group
Find out what your peers are saying about Anaplan vs. CCH Tagetik and other solutions. Updated: May 2024.
787,226 professionals have used our research since 2012.