Company expands global customer base and apps offerings in its finance line of business
SAN FRANCISCO, Oct. 18, 2017 /PRNewswire/ -- Anaplan, a leading platform provider driving a new age of connected planning, today announced continued growth in its Anaplan for Finance business within the last 12 months. The Anaplan team is showcasing its finance solutions at Booth #227 at AFP 2017 in the San Diego Convention Center.
Anaplan's finance solutions enable companies to automate and transform strategic corporate performance management processes by connecting data, people, and plans across both finance and operations. Over the last 12 months, Anaplan has been fulfilling a major need with high-value finance practices such as profitability modeling, scenario planning, sensitivity analysis, and zero-based budgeting at over 200 new global customers, including Booking.com, Lithium, Schneider Electric Software, Travelodge Hotels Ltd., and United Laboratories.
"Before Anaplan, we had a very disconnected planning process with over a dozen independent applications," said Jeff Brobst, Vice President, Finance, Seagate Technology. "We saw Anaplan's value to our finance business first and expanded it to other divisions. Now, the corporate FP&A team is using Anaplan for financial budgets, the revenue planning team is using it for revenue planning, one of our units is using it for demand planning, and the customer service organization is using it for returns modeling. In addition to reducing our overall spend on planning software and support, our planning process has become more agile and we're able to see impacts of changes more quickly."
Collaborating with partners such as Accenture, Deloitte, PwC, and Reportwise, Anaplan added 35 new finance apps to its App Hub within the last 12 months. The apps help companies address shifting customer expectations, regulatory changes, and evolving business models. These include:
- IFRS 16. This Reportwise app helps organizations meet new lease accounting regulations.
- IFRS 9 Impairment. This Accenture app helps organizations model Expected Credit Loss for all debt instruments in compliance with IFRS 9.
- ORSA Forecasting. This Deloitte app helps insurance firms build Own Risk and Solvency Assessment (ORSA) practices into their forecasting processes.
- Transfer Pricing for Financial Services. This PwC app helps financial services firms adopt best practices in cost allocation and transfer pricing.
"We are seeing more and more leading finance organizations turn to Anaplan's solutions to create more dynamic, reliable, and connected planning and performance management systems," said Tony Levy, Global Head of Finance Solutions, Anaplan. "The caliber of our customers demonstrates our commitment to help organizations steer business performance more effectively through improved planning, analysis, and reporting."
"Across all industries, the office of finance is moving toward connected planning for better and faster decision-making," said R "Ray" Wang, Principal Analyst and Founder, Constellation Research. "A company's value and future success are increasingly based on how efficiently employees can connect with each other to share and add to their knowledge."
Anaplan was recognized as a Leader in the June 2017 Gartner Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions based on its completeness of vision and ability to execute. Download the report.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Anaplan is driving a new age of connected planning. Large and fast-growing organizations use Anaplan's cloud platform in every business function to make better-informed decisions and drive faster, more effective planning processes. Anaplan also provides support, training, and planning transformation advisory services. Anaplan is a privately held company based in San Francisco, with 16 offices and over 150 expert partners worldwide. To learn more, visit anaplan.com.