Top 25 Anaplan Interview Questions and  Answers

by Shanmugapriya J, on Jun 3, 2023 3:51:17 PM


1. What is Anaplan, and how does it differ from traditional planning approaches?

Anaplan is a cloud-based planning platform that offers a flexible and scalable solution for financial planning, forecasting, and modeling. Unlike traditional planning approaches, Anaplan allows real-time collaboration, dynamic modeling, and seamless integration with various data sources.


2. How would you define a model in Anaplan?

In Anaplan, a model represents a logical grouping of related business functions. It consists of modules, dashboards, and other components necessary for planning, analysis, and reporting.

3. Can you explain the concept of a module in Anaplan?

A module in Anaplan is a collection of dimensions and line items that represent a specific aspect of the business. It allows data storage, calculations, and formula-based modeling.

4. What are the different types of modules in Anaplan?

Anaplan supports several module types, including input modules, calculation modules, and lookup modules. Input modules enable users to input data, calculation modules perform calculations, and lookup modules retrieve data from other modules.

5. How do you handle data integration in Anaplan?

Anaplan offers various integration options, such as Anaplan Connect, Excel Add-in, and REST API. These tools allow seamless data transfer between Anaplan and other systems, such as ERP or CRM systems.

6. What is the purpose of a dashboard in Anaplan?

Dashboards in Anaplan provide visual representations of key metrics, KPIs, and reports. They allow users to monitor and analyze data in a concise and interactive manner, enabling better decision-making.

7. How do you create a new user in Anaplan and assign roles?

To create a new user in Anaplan, you need administrative privileges. You can navigate to the Users tab in the Administration section, click on "Add Users," and enter the required details. Assigning roles can be done by selecting the appropriate role for the user during the user creation process.

8. Can you explain the process of building a planning model in Anaplan?

Building a planning model in Anaplan involves defining dimensions, creating modules, setting up line items, creating formulas and calculations, designing dashboards, and configuring security settings.

9. How do you handle version control and data governance in Anaplan?

Anaplan provides built-in version control capabilities that allow users to create and manage multiple versions of models. Data governance is handled through user permissions, selective access, and audit trails to ensure data integrity and security.

10. Can you describe the process of importing data into Anaplan?

Data import in Anaplan can be done using various methods such as manual data entry, CSV file import, Anaplan Connect, or using integrations with other systems. The data mapping process ensures that the data is accurately mapped to the correct dimensions and line items in Anaplan.

11. What is the Anaplan Connect utility, and how is it used?

Anaplan Connect is a command-line utility provided by Anaplan for automating data imports and exports. It allows integration between Anaplan and external systems using scripts written in various programming languages.

12. How do you handle large data volumes in Anaplan?

Anaplan's Hyper Block technology enables efficient handling of large data volumes by compressing and storing data in memory. It also offers selective access and filtering options to optimize data retrieval and analysis.

13. Can you explain the concept of dynamic cell access in Anaplan?

Dynamic cell access allows you to control user access to specific cells based on defined criteria. It enables you to restrict or grant access to certain cells dynamically, depending on the user's role, data conditions, or calculations.

14. What are the different types of calculations in Anaplan, and how do you create them?

Anaplan supports various calculation methods, including sum, average, min, max, count, and more. Calculations can be created using formula-based expressions, such as simple arithmetic calculations or complex formulas involving functions and operators.

15. How do you handle currency conversion in Anaplan?

Anaplan provides built-in currency conversion functionalities. Currency conversion rates can be imported or manually entered into Anaplan, and formulas can be used to perform currency conversions based on these rates.

16. Can you explain the process of building a dashboard in Anaplan?

Building a dashboard in Anaplan involves selecting and arranging relevant charts, grids, and other visual components. These components can be configured to display specific data from modules, allowing users to monitor key metrics and perform analysis.

17. What is selective access in Anaplan, and why is it useful?

Selective access allows you to control user access to specific dimensions, line items, or cells based on predefined rules. It is useful for restricting access to sensitive data or granting access only to relevant data based on user roles and responsibilities.

18. How do you handle time intelligence functions in Anaplan?

Anaplan provides time intelligence functions, such as Period-To-Date, Year-To-Date, and Rolling Periods, which allow you to perform calculations and comparisons based on specific time periods. These functions facilitate time-based analysis and reporting.

19. Can you describe the process of creating a hierarchy in Anaplan?

Creating a hierarchy in Anaplan involves defining parent-child relationships between elements of a dimension. This can be done by configuring the hierarchy settings and mapping the appropriate elements to their parent elements.

20. What are the different types of line item subsets in Anaplan?

Anaplan supports various line item subsets, including named subsets, dynamic subsets, and saved views. Named subsets allow you to create subsets of line items manually, while dynamic subsets and saved views update automatically based on specified conditions.

21. How do you handle complex business rules and logic in Anaplan?

Anaplan's formula language, called Anaplan Calculation Language (ACL), allows you to define complex business rules and logic. ACL provides functions, operators, and control structures to perform advanced calculations and implement custom business rules.

22. Can you explain the process of creating a workflow in Anaplan?

Creating a workflow in Anaplan involves designing a series of tasks or steps that need to be completed in a specific order. These tasks can be assigned to different users or roles, enabling collaboration and ensuring a structured process flow.

23. How do you handle collaboration and sharing in Anaplan?

Anaplan provides collaboration features, such as discussion threads, comments, and notifications, which allow users to communicate and collaborate on planning activities. Sharing can be controlled through user permissions, allowing secure collaboration with specific individuals or groups.

24. What are the best practices for optimizing model performance in Anaplan?

Best practices for optimizing model performance in Anaplan include using selective access to limit data retrieval, avoiding excessive formula dependencies, utilizing appropriate summary methods, and leveraging line item subsets for efficient calculations.

25. Can you describe a situation where you used Anaplan to solve a complex business problem?

Share a specific example from your experience where you successfully utilized Anaplan to solve a complex business problem. Describe the problem, your approach, and the outcome achieved through Anaplan's capabilities.

Topics:Anaplan Interview question and Answer