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Dynamic quotes 
OFFON

ANAPLAN, INC.

(PLAN)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/25 12:10:59 pm
42.725 USD   -5.62%
06:54aKeyBanc Downgrades Anaplan to Sector Weight From Overweight
MT
01/13INSIDER SELL : Anaplan
MT
01/12Barclays Adjusts Anaplan's Price Target to $58 from $68, Keeps Overweight Rating
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Anaplan : Recognise Bank selects Anaplan to re-imagine forecasting amid continued growth

11/30/2021 | 01:31am EST

Founded in 2017, Recognise Bank is a UK challenger bank on a mission to deliver unparalleled support to small and medium-sized enterprises (SMEs) and entrepreneurs who are often overlooked by mainstream banks. With an impressive suite of lending and savings products, and a desire to provide new offers and greater choice to customers, Recognise is poised for hypergrowth in the coming years.

In order to scale effectively while still providing the highest level of support to their customers, Recognise set out to transform their financial forecasting and budgeting processes in 2021 - with the goal of replacing a patchwork of disconnected spreadsheets that required extensive manual input.

"We knew we needed a platform with powerful modeling and reporting capabilities to enable our FP&A team to focus on more value-added work," said Prasad Pitale, Head of Finance, Recognise Bank. "Expansion is a key business priority, so we were also looking for a tool that could be scaled to support other business areas, like workforce and operational planning."

After assessing a number of vendors, Recognise chose Anaplan's flexible platform for Connected Planning to re-imagine the bank's forecasting and budgeting processes, working with implementation partner Vuealta.

"Vuealta's wealth of Anaplan implementation experience and deep financial services expertise gave us great confidence in their ability to not only deliver a successful project but to also enhance our own processes by leveraging their broad view of industry best practices," said Pitale.

"Anaplan's platform fits seamlessly into our cloud API-first tech stack, front to back office, which is a key consideration for us as a truly digital bank," said Monica Velasquez, Chief Technology Officer, Recognise Bank. "And since Anaplan supports business users across departments, we can leverage the platform to drive process transformation beyond our finance team. I know I am excited to see what the platform can do for my team in the future."

We're excited to welcome Recognise to the Anaplan family and look forward to supporting their continued growth as they work to bring personalised banking solutions to more UK SMEs and savers in the coming years.

To learn more about the ways Anaplan helps businesses deliver on their strategic objectives through effective planning, visit https://www.anaplan.com/customers.

Media Contact:

Anthony Harrison

[email protected]

Disclaimer

Anaplan Inc. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 06:30:04 UTC.


ę Publicnow 2021
All news about ANAPLAN, INC.
06:54aKeyBanc Downgrades Anaplan to Sector Weight From Overweight
MT
01/13INSIDER SELL : Anaplan
MT
01/12Barclays Adjusts Anaplan's Price Target to $58 from $68, Keeps Overweight Rating
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01/06Wells Fargo Adjusts Anaplan PT to $60 From $75, Maintains Overweight Rating
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Analyst Recommendations on ANAPLAN, INC.
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Financials (USD)
Sales 2022 584 M - -
Net income 2022 -199 M - -
Net cash 2022 305 M - -
P/E ratio 2022 -33,3x
Yield 2022 -
Capitalization 6 685 M 6 685 M -
EV / Sales 2022 10,9x
EV / Sales 2023 8,74x
Nbr of Employees 1 900
Free-Float -
Chart ANAPLAN, INC.
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Technical analysis trends ANAPLAN, INC.
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 45,27 $
Average target price 68,11 $
Spread / Average Target 50,4%
EPS Revisions
Managers and Directors
Frank A. Calderoni Chairman, President & Chief Executive Officer
Vikas Mehta Chief Financial & Accounting Officer
Jack Whyte Senior Vice President-Engineering
Sesh Tirumala Chief Information Officer
Sandesh Patnam Independent Director
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