Table of Contents
OneStream and Anaplan are two of the most prominent enterprise performance management (EPM) platforms available today. Both of these platforms provide comprehensive solutions for financial planning, budgeting, and forecasting. OneStream offers a single and expandable platform for financial aggregation, reporting, and analysis, whereas Anaplan is well-known for its cloud-based, scalable platform that makes it easier for several people to work together on planning and decision-making.
Both platforms have the goal of simplifying complicated financial procedures, improving the accuracy of data, and enhancing the overall agility of various businesses. A decision between Anaplan and OneStream should be made based on the specific requirements and preferences of the organisation, as well as the amount of integration and functionality that is sought in the operations of financial management.
Anaplan vs Onestream Comparison Table
Whether a company uses Anaplan or OneStream is dependent on its unique requirements. In comparison to OneStream’s flexible on-premises or cloud deployment options and robust financial consolidation features, Anaplan shines in collaborative planning and scalability.
| Feature | Anaplan | OneStream |
|---|---|---|
| Deployment | Cloud-based | Can be deployed on-premises or in the cloud |
| Planning Capabilities | Collaborative planning, budgeting, forecasting | Financial consolidation, reporting, analysis |
| Scalability | Highly scalable for various organizational sizes | Scalable, suitable for both small and large enterprises |
| Integration | Extensive integration capabilities | Unified and extensible platform for integration |
| User Interface | User-friendly with intuitive design | Intuitive interface with customizable dashboards |
| visit website | visit website |
Anaplan vs Onestream: Deployment Options
Using a cloud-based deployment, Anaplan differentiates itself from its competitors by ensuring that customers can access the platform in a flexible manner from any location as long as they have an internet connection. Its scalability makes it possible to do maintenance and updates without causing any disruptions to the activities of users. On the other hand, OneStream provides organisations with specific preferences for their deployment architecture with two different deployment options: on-premise and cloud deployment.
This gives OneStream the ability to provide versatility. Because of this versatility, OneStream is able to support a wide variety of deployment demands. It is designed to meet the requirements of enterprises that may prefer on-premise solutions or those that want the ease and accessibility of cloud-based platforms based on their specific operating requirements.
Anaplan vs Onestream: Integration Capabilities
One of the most notable features of Anaplan is its extensive integration capabilities, which enable it to establish seamless connections with a wide variety of third-party applications and data sources. As a result, this facilitates the efficient flow of data throughout the organisation, which in turn improves both cooperation and operational efficiency. In a similar vein, OneStream lays a considerable emphasis on integration features, which enables customers to link the platform with pre-existing systems in a smooth manner.
Establishing a cohesive environment that streamlines financial procedures while placing an emphasis on data coherence and accessibility is the major objective we have set forward. Integration is a priority for both platforms, with the goal of enabling organisations to achieve a unified and integrated approach to their financial planning. This will ensure that organisations are able to adapt and operate efficiently in the ever-changing business landscape.
Anaplan vs Onestream: User Interface and User Experience
Anaplan’s comprehensive integration capabilities are one of its most significant characteristics. These capabilities allow the software to make connections with a wide number of third-party applications and data sources in a smooth manner. Furthermore, as a consequence of this, the efficient flow of data throughout the organisation is facilitated, which in turn increases both the efficiency of cooperation and the efficiency of operations. A similar approach is taken by OneStream, which places a significant amount of focus on integration tools.
These features make it possible for users to seamlessly link the platform with systems that are already in place. The most important goal that we have set for ourselves is to create a unified environment that speeds financial procedures while also placing an emphasis on the coherence and accessibility of data. Integration is a priority for both platforms, with the intention of helping organisations to have a uniform and integrated approach to their financial planning. The main objective of integration is to achieve this goal. Within the context of a corporate environment that is always shifting, this will guarantee that organisations are able to adjust and function effectively.
Anaplan vs Onestream: Scalability and Performance
Anaplan was developed with scalability in mind, with the goal of catering to the ever-changing requirements of enterprises. It is suited for businesses of all sizes because of its architecture, which ensures optimal performance, can accommodate growing data volumes, and is suitable for all types of businesses. On the other hand, OneStream places an emphasis on performance, which guarantees that the processes of financial consolidation and planning are carried out effectively.
Because of its scalability, the platform is able to allow for seamless growth with the organisation while simultaneously responding to changing requirements. In the field of financial planning and consolidation, both Anaplan and OneStream have a dedication to scalability, which enables them to provide businesses with the flexibility and performance that is necessary to handle shifting landscapes and rising data demands.
Which is better?
The use of Anaplan and OneStream is contingent on the priorities of the organisation. Due to its exceptional capabilities in collaborative planning and scalability, Anaplan is an excellent choice for companies that place a strong emphasis on flexibility and teamwork. On the other hand, OneStream distinguished itself in terms of comprehensive financial consolidation and offers versatility in terms of deployment, whether it be on-premises or in the cloud.
In the end, the option will be determined by particular requirements, such as a desire for cloud-based cooperation and scalability (Anaplan) or a requirement for unified financial consolidation with deployment flexibility (OneStream). However, the “better” choice is contingent upon the specific objectives and priorities of the organisation in issue, despite the fact that both platforms have a good reputation.
Anaplan: The good and The bad
Because it is based on hyperblocks and hyper models, Anaplan is a platform that is extremely flexible and scalable. It is also very powerful in terms of collaboration and ease of use.
The Good
- Cloud-based flexibility
- Collaborative planning features
The Bad
- May require a learning curve for new users
Onestream: The good and The bad
The cutting-edge platform known as OneStream is perfect for companies that have a wide range of different use cases. If you simply use it, the value for money might not be as important as it otherwise would be.
The Good
- Versatility with on-premises or cloud deployment
- Strong financial consolidation capabilities
The Bad
- Initial implementation complexity
Questions and Answers
Through its user experience that is collaborative, intuitive, and engaging, Anaplan is able to draw the appropriate individuals into the planning process at the appropriate moment, regardless of the device or solution being used. All employees are able to share data in real time, which enables them to make decisions more quickly and intelligently and provides them with unprecedented flexibility.
The Google team helped Anaplan figure out what data sets they would need and then used custom machine learning models on Cloud Machine Learning Engine to help launch and train TensorFlow models. Google is in a unique situation to offer advice because it created the open-source TensorFlow library.