Anaplan for Finance gains marketplace traction worldwide
25 Oct, 2016, 13:00 BST
Company announces new finance apps, and expands customer base across multiple verticals and regions while deepening existing customer relationships
SAN FRANCISCO, Oct. 25, 2016 /PRNewswire/ -- Anaplan, the world's leading planning and performance management platform, today announced double-digit increases in activations of the company's Anaplan for Finance apps. Anaplan also reported major marketplace traction in its finance line of business, including new customer wins, new apps that close key planning and regulatory gaps within verticals, and the expansion of additional use cases with existing customers.
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Anaplan for Finance will be showcased at the Association of Financial Professionals (AFP) annual conference in Orlando, FL, at booth #340 from October 23–26. Anaplan VP of Finance Emily Weigand and Finance Product Line Leader Meredith Hobik will deliver a presentation, "Expediting the Planning Cycle," on October 25, at 2:00 p.m. ET.
Recent top-tier customer wins for Anaplan for Finance span multiple verticals and regions, and includes the addition of American Airlines and Echo Global Logistics. New customer wins worldwide signal global traction, including the addition of Indonesian retail chain Alfamart, French railroad organization SNCF, and Australian REIT Vicinity Centres.
"With Anaplan, we can operate with more agility, making changes on-the-fly without coding or getting in the queue for IT help," said Whitney Bassett, Manager, Financial Planning and Reporting at CNL Financial Group, a private investment management firm providing real estate and alternative investments. "The finance team calculates plans for zero-based budgeting using Anaplan, which frees us from the manual processes required by Excel® and the confusing architecture of legacy systems."
"Anaplan's integrated approach makes it simple to incorporate changes," said Jordan Kamhi, Senior Manager of FP&A at ServiceMax, a California-based field service management SaaS provider. "We replaced disconnected spreadsheets with an integrated solution from Anaplan that automatically updates the cash flow forecast, P&L, and balance sheet in real time, reducing our cycle times significantly. Now, we're expanding into other functional areas."
Working with partners like Accenture, Deloitte, and PwC to deliver robust capabilities on a single platform, Anaplan added 17 new finance apps to the existing offering of 140 apps, which are sourced from partners, customers, and Anaplan. As customers focus on increasing capabilities while extending the value of legacy systems, Anaplan apps can bridge regulatory gaps and support vital finance functions, linking to integrated financial statements that enable real-time decision-making. Popular finance apps available in the Anaplan App Hub include:
- Airline Revenue Planning: Enables users to produce forecasts using industry-specific metrics, eliminating the need for spreadsheets to track revenue across countries, routes, and channels.
- Account Reconciliation Automation: Addresses accounting rules, leveraging Anaplan's partnership with PwC to enable users to bridge GAAP and IFRS accounting methodologies.
- Scenario Planning: App from Deloitte that uses leading practices to enable users to perform real-time "what-if" scenario analyses based on key financial and operational drivers.
- Zero-Based Budgeting: App from Accenture that, combined with Anaplan's closed-loop methodology, gives customers deep visibility into unproductive expenses.
"Customers are excited that Anaplan can handle complex modeling use cases that on-premise planning solutions can't," added Anaplan Finance Product Line Leader Meredith Hobik. "We're seeing impressive net new logos across regions and verticals, and current finance customers are going deeper with how they leverage Anaplan beyond basic planning, budgeting, and forecasting—they're now using Anaplan solutions for more complex functions."
Anaplan for Finance allows organizations to build financial plans and manage performance with speed and precision, aligning activities and data across all business areas. With Anaplan for Finance apps, financial professionals can contribute and collaborate across all departments, including HR, sales, supply chain, marketing, IT, and operations, enabling truly integrated business planning.
About Anaplan
Anaplan is the leading planning and performance management platform for smart businesses. Anaplan delivers an unrivaled planning and modeling engine, predictive analytics, collaboration in the cloud, and a simple interface for business users. Anaplan is privately held company headquartered in San Francisco, CA, with offices in 16 countries. To learn more, visit anaplan.com. Follow us on: Twitter, LinkedIn, YouTube, and Facebook.
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