Anaplan Best Practices: Building a Model for Success

Building an effective Anaplan model is key to unlocking the full potential of this powerful planning and performance management platform. Whether you are new to Anaplan or looking to optimize your existing models, following best practices is essential. In this blog, we'll explore the top Anaplan best practices to ensure your model is built for success.

1. Start with a Clear Plan:
Before you dive into model creation, it's crucial to outline your objectives, define your business processes, and identify the key metrics you want to track. A well-thought-out plan will guide you throughout the modeling process.

2. Use a Structured Hierarchy:
Organize your data hierarchically. This means arranging data in a structured manner, with clear parent-child relationships. This hierarchy improves model performance and makes it easier to navigate and maintain.

3. Keep Modules Simple:
Avoid overcomplicating modules by including unnecessary dimensions or complex logic. Keep modules focused on specific tasks and objectives to maintain clarity and performance.

4. Optimize Formula Efficiency:
Anaplan formulas are powerful but can impact model performance. Use formula optimization techniques to keep calculations efficient. Minimize the use of overly complex formulas and use line item subsets when necessary.

5. Utilize System Modules:
Leverage system modules for common data and calculations. These can be reused across various parts of the model, reducing redundancy and improving consistency.

6. Employ Time Ranges for History:
For historical data, consider using time ranges to maintain model performance. This prevents the proliferation of versions and helps keep your model clean and manageable.

7. Practice Version Control:
Implement a robust version control strategy to track changes and maintain a history of your model's evolution. This ensures accountability and makes it easier to roll back to previous versions if needed.

8. Leverage User Access Controls:
Set up proper user access controls to protect sensitive data and maintain data integrity. Restrict access to modules and data based on user roles and responsibilities.

9. Document Thoroughly:
Comprehensive documentation is essential. Add descriptions and comments to modules, line items, and formulas, making it easier for users to understand and maintain the model.

10. Performance Testing:
Regularly test your model's performance to identify bottlenecks or areas that need optimization. This proactive approach ensures that your model runs smoothly as it scales.

11. Training and Knowledge Sharing:
Invest in training and knowledge sharing within your organization. Ensure that your team understands Anaplan best practices and can collaborate effectively on the model.

12. Stay Informed and Evolve:
Keep up to date with Anaplan updates, new features, and best practices. Continuously evolve your models to take advantage of the latest capabilities.

Conclusion:
Building a successful Anaplan model requires careful planning, structured design, and adherence to best practices. By following these guidelines, you can create models that are efficient, scalable, and align with your business goals. Remember, Anaplan models are dynamic and can evolve over time to meet the changing needs of your organization. Implementing these best practices ensures that your Anaplan model remains a valuable tool for informed decision-making and strategic planning.