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Business Intelligence · head to head

Anaplan vs Luzmo

Anaplan logo

Anaplan

Business Intelligence

Connected planning platform with an in-memory calculation engine for large multidimensional models

From
On request
Rated
-
Full reviewWebsite
Luzmo logo

Luzmo

Business Intelligence

Embedded analytics for SaaS products, billed by monthly active dashboard users

From
€995/month
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Anaplan workspace is licensed by memory consumed, so a model that grows as the business adds SKUs, regions or scenarios generates a bill increase without a single new user being added, and teams end up optimising models for licence cost rather than clarity.; Luzmo billing by monthly active users means commercial success is punished: getting every one of your customers into the dashboard weekly is exactly the outcome that pushes you into the next tier.
  • They diverge on capability: Anaplan covers Hyperblock calculation engine, Luzmo covers Multi-tenant row-level security.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Anaplan and Luzmo actually diverge.

Attributes where Anaplan and Luzmo differ
AttributeAnaplanLuzmo
Starting priceOn request€995/month
Pricing modelquotePer month by monthly active user count
PlatformsWeb, iOSWeb

Identical on both: free tier (No), user rating (Not yet rated), category (Business Intelligence).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Anaplan

  • Hyperblock calculation engine
  • Connected planning
  • Scenario and versioning
  • Model builder
  • Anaplan PlanIQ
  • Workflow and approvals
  • Application lifecycle management
  • Data integration

Only in Luzmo

  • Multi-tenant row-level security
  • Embeddable editor
  • Theming and white labelling
  • SDKs and APIs
  • Luzmo IQ
  • Scheduled exports

What people use each for

The jobs each tool is most often brought in to do.

Anaplan

  • Sales territory and quota planning across thousands of reps where a change to segmentation must reflow quota immediatelynot Luzmo
  • Demand and supply planning at SKU and location level for a manufacturer with tens of thousands of itemsnot Luzmo
  • Workforce planning that ties headcount, cost and capacity to a revenue plan across dozens of business unitsnot Luzmo
  • Replacing a spreadsheet estate where the master planning model has become too large and too fragile for Excel to open reliablynot Luzmo

Luzmo

  • A B2B SaaS product that needs customer-facing dashboards without hiring a front-end data visualisation teamnot Anaplan
  • A vertical software vendor that wants to sell an analytics module as a paid add-onnot Anaplan
  • A product where each customer must only see their own rows and the security boundary has to be provable to an auditornot Anaplan
  • A team that wants end customers to build their own charts rather than filing feature requests for every new reportnot Anaplan

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Anaplan

  • Workspace is licensed by memory consumed, so a model that grows as the business adds SKUs, regions or scenarios generates a bill increase without a single new user being added, and teams end up optimising models for licence cost rather than clarity.
  • Model building requires certified Anaplan modellers using a proprietary formula language, and the labour market for that skill is small, so most customers stay dependent on a systems integrator long after go-live.
  • Thoma Bravo took the company private in 2022 in a $10.7bn deal, and customers have since reported firmer renewal terms; a private-equity owner optimising for cash flow is a real factor in a multi-year planning contract.
  • Native reporting and visualisation are weak for anything beyond planning grids, so most customers push data out to Power BI or Tableau for executive reporting, adding another tool and another latency point.
  • Implementations are long. A connected planning programme across finance and supply chain routinely runs six to eighteen months before the first production plan, which is difficult to justify when the business wants a forecast this quarter.

Luzmo

  • Billing by monthly active users means commercial success is punished: getting every one of your customers into the dashboard weekly is exactly the outcome that pushes you into the next tier.
  • The entry price of EUR 995 per month billed annually rules it out for early-stage products, so the realistic buyer already has meaningful revenue.
  • It is built for embedding rather than internal analysis, so most customers still pay for a second BI tool for their own staff, doubling the analytics line item.
  • The semantic modelling layer is lighter than a dedicated one such as dbt or Cube, so complex metric definitions often have to be pre-computed in the warehouse before Luzmo sees them.
  • As a smaller European vendor it has less connector breadth and a smaller partner ecosystem than the US incumbents, and unusual data sources frequently need an intermediate warehouse hop.

Pricing, plan by plan

Anaplan

On request
  • Anaplan$undefined/year
    • Licensed by user tier and by workspace capacity
    • Workspace charged on memory consumed by models, independent of user count
    • Multi-year enterprise agreements are the norm

Luzmo

€995/month
  • Starter$995/month
    • Embedded dashboards with white labelling
    • Custom charts
    • APIs and SDKs
  • Premium$2495/month
    • Everything in Starter
    • End-customer self-service dashboard building
    • Luzmo IQ conversational insights
  • Enterprise$undefined/year
    • Dedicated VPC option
    • Flexible hosting region
    • OIDC single sign-on

Which should you pick?

Choose Anaplan if

  • You need hyperblock calculation engine.
  • You work on Web, iOS.
  • You also want connected planning.
Anaplan review

Choose Luzmo if

  • You need multi-tenant row-level security.
  • You also want embeddable editor.
Luzmo review

Questions people ask

Is Anaplan or Luzmo better?
Neither clearly leads. Anaplan starts at On request and Luzmo at €995/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Anaplan or Luzmo?
Anaplan starts at On request and Luzmo at €995/month.
Does Anaplan or Luzmo run on more platforms?
Anaplan runs on Web, iOS. Luzmo runs on Web.
What is Anaplan best used for?
Anaplan is most often used for sales territory and quota planning across thousands of reps where a change to segmentation must reflow quota immediately, demand and supply planning at sku and location level for a manufacturer with tens of thousands of items, workforce planning that ties headcount, cost and capacity to a revenue plan across dozens of business units, replacing a spreadsheet estate where the master planning model has become too large and too fragile for excel to open reliably. Of those, sales territory and quota planning across thousands of reps where a change to segmentation must reflow quota immediately and demand and supply planning at sku and location level for a manufacturer with tens of thousands of items are not what Luzmo is typically brought in for.
What can Anaplan do that Luzmo cannot?
Anaplan covers Hyperblock calculation engine, Connected planning, Scenario and versioning, Model builder. Luzmo covers Multi-tenant row-level security, Embeddable editor, Theming and white labelling, SDKs and APIs.

Answered from the vendors’ own pages

Anaplan: Why is Anaplan expensive even when user counts are low?

Because workspace is licensed on the memory your models consume as well as on users. Large models cost money regardless of how many people log in.

Luzmo: Is Luzmo the same as Cumul.io?

Yes. Cumul.io rebranded to Luzmo; it is the same company and product line.

Anaplan: Do we need a systems integrator?

Almost always for the first implementation. The proprietary modelling language and the scale of typical models make an experienced partner or an internal certified team effectively mandatory.

Luzmo: How is it priced?

By monthly active users of your embedded dashboards, from EUR 995 per month on Starter billed annually.

Anaplan: Who owns Anaplan?

Thoma Bravo, which took it private in 2022 for $10.7bn.

Luzmo: Is there a free tier?

No, only a trial. There is no perpetual free plan.

Anaplan: Can it replace our BI tool?

No. It is a planning and calculation platform; most customers still export to Power BI or Tableau for reporting and dashboards.

Luzmo: Can our customers build their own dashboards?

Yes, but the embeddable editor for end-customer self-service sits on the Premium tier.

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