Business performance management software is becoming a key competitive advantage of the modern corporate world. Working smarter by employing the right software for your company is more important than ever, as technology evolves and becomes increasingly incorporated into business.
Using the right tools for corporate planning can give your enterprise an edge over the others in your industry. Adopting technological tools such as cloud-based corporate performance management software can make a huge difference to your company’s short and long-term performance.
In coming years, these tools will become a necessity rather than an advantage. Making the change now will mark your firm as proactive and put you ahead of the game. However, it is important that you keep up-to-date with the software you use and choose something that is suitable for your company.
In terms of cloud-based business planning and performance solutions, there are two main options to consider: Anaplan vs Adaptive Insights. There are numerous factors which will impact their suitability for your firm.
If you’re completely unsure of where to start or want to ensure the process of implementation runs smoothly, it’s worth it to consider hiring a firm to handle the process for you. You can ask such firms for advice and guidance on the implementation process.
If you’re currently pondering whether you should go for Anaplan vs Adaptive Insights, here are some things to consider before you commit!
Anaplan vs Adaptive Insights: which is better? If you’re on a budget, the latter might suit you better – it comes with out-of-the-box functionality, which means that you can get started pretty easily by following its manuals and instructions. Alternatively, you could attend a course to learn more in-depth about how to use it properly, which many take a day or two.
With the former, however, you’ll likely require extensive investment into resources, such as the hiring of a technical consultancy to guide you through the implementation. Unlike Adaptive Insights, this cloud-based software isn’t easily learned and requires a custom implementation process.
Because of this, if budget is a significant factor for you, you might be better off with choosing the latter. As you won’t have to invest as many resources or as much time, the costs would be significantly lower. However, it is worth it to consider other factors apart from cost to determine which the best for your organisation is!
Evidently there are differences between the functions offered by Anaplan vs Adaptive Insights. While both target the same range of customer, the first acts more as a strategic planning tool.
Functions include business performance optimisation, capital asset, planning, multi-department projects, dashboarding, data mining, production budget, project budgeting, and graphical data presentation.
Meanwhile, the second option includes functions such as ad-hoc analysis, automatic scheduled reporting, performance measurements, ad-hoc reporting, dashboarding, forecasting and budgeting, predictive analysis and profit analysis.
While there is overlap on the functions offered, you can see that overall, the second takes on more of a financial focus. It targets large corporations which are seeking easier preparation of financial statements.
Meanwhile, the first has a more overall enterprise purpose, with the option to be used for processes such as supply chain management. Accordingly, it targets executives who are seeking a tool that makes it easier to make strategic decisions for the entire firm. Such a distinction is important when considering Anaplan vs Adaptive Insights!
Another way to discern whether you should choose Anaplan vs Adaptive Insights is to consider their reputation and client base. While this shouldn’t completely dictate your choice, you can definitely consider whether your competitors have chosen either of the two and analyse why.
When looking at the reputation of Anaplan vs Adaptive Insights, the latter is definitely more established, having been operating since 2003. Its business performance management tool has been offered to more than 1000 clients, with the program itself being used by more than 20,000 individuals since its inception.
On the other hand, the former was established in 2011, however it has grown to have a reputable client base including booking.com and PwC. Being relatively new to the scene, this software is still in its prime of growth, as more corporations are being introduced and adopting it.
Ultimately both choices have a great reputation, but it is worth it to have a search around for reviews when making your decision between Anaplan vs Adaptive Insights. By looking at case studies and getting a feel of the impact they make, you’ll be able to decide which one is better suited to your organisation.
If you’re still unsure or want to make sure you make an informed decision, it is worth it to contact a business technology expert who will be able to help you through the process.