Company positioned in Leaders quadrant for the fourth consecutive year
SAN FRANCISCO--(BUSINESS WIRE)--Anaplan, Inc. (NYSE: PLAN), provider of a cloud-native platform for orchestrating business performance, has been named a Leader in Gartner’s 2020 Magic Quadrant for Cloud Financial Planning & Analysis Solutions (FP&A)1 for the fourth consecutive year. Gartner has positioned Anaplan as a Leader based on its completeness of vision and ability to execute.
Anaplan believes its recognition as an FP&A Solutions Leader validates its continuous, intelligence-driven forecasting and agile scenario modeling capabilities based on the most critical operating drivers that deliver financial success for individual business units, departments, and the overall organization.
Anaplan provides a platform for business-run modeling and continuous planning, setting the stage for financial and operational plans to be successfully executed under various business conditions. Global enterprises, including Autodesk, Fortescue Metals Group, ServiceNow and UNUM, leverage Anaplan to model scenarios on a rolling basis and create more reliable forecasts based on real-time insights, external signals, and embedded intelligence. Connecting these models help CFOs anticipate performance gaps, identify topline revenue opportunities, manage costs and cash flow, and deliver insights that strengthen their position as a strategic partner to the business.
“We work in a high-speed environment at Autodesk, so our finance processes need to enable efficient, agile, analysis, and forecasting,” said Fabien Junod, Finance Solution Architect for Forecast & Planning, Autodesk. “Anaplan arms our finance team with access to company-wide data in real-time so they can manage budgets, adjust projections, and forecast outcomes quickly and strategically.”
Anaplan streamlines data aggregation and automates financial processes so FP&A teams can work from a single source of truth as they analyze data, model rapid scenarios, and develop forward-looking projections. With a real-time pulse on company-wide information, finance and business leaders can gauge performance daily and anticipate changes and their financial impacts so they can make more confident decisions to ensure their company’s strategic growth and financial resiliency.
“We are honored to once again be positioned as a Leader in Gartner’s Magic Quadrant for Cloud Financial Planning & Analysis Solutions,” said Sara Baxter-Orr, Global Lead, CFO Practice, Anaplan. “Today’s CFOs are relied upon to maintain the company’s financial health and take a significant role in the setting of the strategic direction, extending beyond the realm of traditional FP&A to ensure operations are linked to financial priorities. With Anaplan, CFOs can position finance and operational teams to have intelligence and agility at their fingertips to forecast continuously and model scenarios in real-time. As a result, CFOs can feel confident creating strategic plans that drive company-wide resilience and deliver enterprise financial success.”
According to the report, “By 2024, 70% of all new financial planning and analysis projects will become extended planning and analysis (xP&A) projects, extending their scope beyond the finance domain into other areas of enterprise planning and analysis.”
During its annual Connected Planning Xperience conference, Anaplan introduced PlanIQ. This new intelligence framework delivers advanced Artificial Intelligence (AI) and Machine Learning (ML) capabilities for predictive forecasting and continuous, agile scenario modeling. As a result, finance teams can leverage Anaplan’s native intelligence and predictive capabilities and seamless integrations with third-party ML-based systems to create accurate rolling forecasts fast for revenue, OPEX, P&L, balance sheet, and cash flow.
“The current health and economic environment really tested our ability to adjust our outlook quickly as additional new information came in on a frequent basis,” said Mike Celichowski, VP- Global FP&A at Unum Group. “Our Anaplan forecasting tools allowed us to update and modify our forecasts with a speed and a flexibility that would not have been possible in the past using our older, Excel-based processes. The ability for different areas of the business to submit updates through the connected planning process allowed our corporate team to focus on the big picture environment and how that was translating into impacts on the organization as a whole, while allowing the individual teams to work through the details that they required.”
A complimentary copy of the 2020 Gartner Magic Quadrant for Cloud Financial Planning & Analysis Solutions is available here.
Anaplan was recently recognized by Gartner as a Leader in the 2020 Magic Quadrant for Sales Performance Management2 and named the 2020 Gartner Peer Insights Customers’ Choice for Sales Performance Management.
1Gartner, Magic Quadrant for Cloud Financial Planning & Analysis Solutions, Greg Leiter, Robert Anderson, John Van Decker, October 6, 2020. 2Authored by Melissa Hilbert, Published on 18 February 2020.
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Anaplan, Inc. (NYSE: PLAN) is a cloud-native enterprise SaaS company helping global enterprises orchestrate business performance. Leaders across industries rely on our platform—powered by our proprietary Hyperblock® technology—to connect teams, systems, and insights from across their organizations to continuously adapt to change, transform how they operate, and reinvent value creation. Based in San Francisco, Anaplan has over 20 offices globally, 175 partners and approximately 1,500 customers worldwide. To learn more, visit anaplan.com.