Workday Adaptive Planning
About Workday Adaptive Planning
Workday Adaptive Planning pricing
Workday Adaptive Planning does not have a free version but does offer a free trial.
Alternatives to Workday Adaptive Planning
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- Industry: Computer Software
- Company size: 1,001–5,000 Employees
- Used Daily for 1+ year
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Review Source
Excellent Reporting, Planning and Analysis Tool
Takes some time to learn but once you do, it's very useful and allows for efficient workflow.
Pros
It does everything and FP&A team could ever wish for.
Cons
It takes quite some time and training to learn how to use.
- Industry: Health, Wellness & Fitness
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Adaptive Review
It was good. I will definitely work on Adaptive again in the future.
Pros
The architecture is really good. The ability to save the data and propagate it throughout the system was a plus. Additionally, the dimensions in reports and seeing differences between the dimensions were very useful.
Cons
The personnel and TBH list were in two different model lists. It is preferred if the employees, titles, etc were dimensions s nice that is the largest expense of our business. The reports by the employee and by account were difficult to use.
Alternatives Considered
PlanfulReasons for Switching to Workday Adaptive Planning
We switched from Adaptive Planning at the end of last year to today. Currently, HeartFlow uses Planful for budgeting and forecasting. Planful's architecture is not as good. Saving information sometimes requires additional steps for WFP or reporting.- Industry: Civil Engineering
- Company size: 1,001–5,000 Employees
- Used Weekly for 6-12 months
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Review Source
Workday Review
Pros
A very good corporation management website.
Cons
I had used workday and i don't seem to have any problems.
- Industry: Consumer Goods
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Workday Adaptive Planning is a must for growing organizations!
Absolutely love workday adaptive planning, has taken our financial and budget capabilities to a whole new level!
Pros
Workday allowed us to do all of our financial planning in one central hub. We can easily budget, generate financial statements, and run many different what if versions for all revenue and budget scenarios. Super user friendly for all planning options!
Cons
It was slightly tough to implement and get things started in the system, just very different than other financial planning tools I’ve worked with. Once you get it implemented, everything is smooth sailing!
Alternatives Considered
NetSuiteReasons for Choosing Workday Adaptive Planning
Prophix has limited capabilities for our organization, struggled with doing multiple versions, and had too many breakdowns where the system was not usableSwitched From
ProphixReasons for Switching to Workday Adaptive Planning
It fit our budget and capability needs the best- Industry: Accounting
- Company size: 501–1,000 Employees
- Used Weekly for 1+ year
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Review Source
Great budgeting and forecasting solution
Pros
Seems like it is built similar to the excel spreadsheet model where you can really make it anything you need.
Cons
Requires more training at the front end compared to other more robust (and expensive) systems. Doesn't seem to have two-way communication with Sage Intacct with regard to real time data pulls.
- Industry: Real Estate
- Company size: 1,001–5,000 Employees
- Used Monthly for 2+ years
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Review Source
Not great on lower level user side
I don't love it, but eventually got the hang of it. We use it for budgeting, and it's not the easiest to understand or plug things in. For team members that are new to the process in general, it makes it worse than it needs to be, which isn't my favorite. I hope it has better benefits for other team members though.
Pros
It looks nice, and it theoretically should have capability to use data year over year. That would be nice, for the future.
Cons
It's hard to use, understand, navigate, and figure out what is going on. For an onsite team member doing data entry, it's just way harder than it should be in my opinion.
- Industry: Pharmaceuticals
- Company size: 10,000+ Employees
- Used Daily for 1+ year
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Review Source
Workday use
Very easy to use and search up things and submit hours as well.
Pros
Easy to access and navigate and easy for other coworkers
Cons
I have nothing bad to say about workday its very easy for me to use
- Industry: Accounting
- Company size: 10,000+ Employees
- Used Monthly for 2+ years
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Review Source
Workday planning
Pros
I liked its very helpful ui system and its various options regarding companies Intregation
Cons
Its password protection. It can be change to receive otp
- Industry: Information Technology & Services
- Company size: 1,001–5,000 Employees
- Used Weekly for 1-5 months
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Review Source
Effective business tool
Pros
It has good functionality and more affordable compared to similar products.
Cons
User experience interface can be developed a bit more.
- Industry: Nonprofit Organisation Management
- Company size: Self Employed
- Used Monthly for 1-5 months
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Review Source
Excellent insight
Offers training qnd education on the System, see, you can't really get lost even tho it seems like alot they help you along the way. Many benefits within the platform cloud based excellent insights backed by your own data takes away the financial guess work gives hard driven facts
Pros
Being able to generate reports.Also I liked the monthly and quarterly budgets.scenario plans the use of AI
Cons
Takes time to learn but backed with help . It can be a lil difficult but once honed in worth the investment
- Industry: Accounting
- Company size: 11–50 Employees
- Used Weekly for 1-5 months
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Review Source
AP Clerk
Pros
Very easy to use. User friendly reports.
Cons
I guess it was expensive. We didn't have it for very long.
- Industry: Sports
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Great product, great customer service, lousy delivery on promises and too expensive
After a recent meeting I wrote notes: Workday works with large (>500 employee) organizations these days. They are treating us like a small fish. Makes me wonder how strategic more small non-profits like us matter to them. I think they are writing us off.
Nightmare roll-out with the implementation partner. We fired them. Adaptive consultants are good but too expensive. Not great at eliciting requirements or managing the project.
Pros
FP&A core functionality is outstanding!!!
Cons
Visualization functionality is a kludge!
- Industry: Oil & Energy
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Awesome product for a great value. Takes budgeting and forecasting to a new level.
There are several benefits from using this software. The biggest benefit is that once your initial model is built you get stability compared to doing your forecast in spreadsheets. When we used spreadsheets most of our time was spent making sure formulas were correct and that there were no bust in the model. With Adaptive, you have confidence that once you test your formulas you can add/takeaway/and modify data and your calculations will work. The other benefit is that if you have a champion and insist that new data be loaded as soon as possible you always have a good/latest view of what the company expects. By doing this forecasting becomes built into your processes and not the annual/quarterly drag that the organization dislikes. Information is kept in a nice concise format that is easy to read.
Pros
The product if very adaptable. We recently went through a sell process where we were sold by a public company to a private equity firm and back to a public company within a two and half year period. Adaptive was very key to providing the analysis and financial information required for the sell process. While with the private equity firm we changed to a fiscal year but they required us to report both fiscal and calendar year numbers. We also had to push the various EBITDA adjustments back into the financial statements for comparative purposes. I also like the customer service and the fact that Adaptive pushes out a couple of major releases each year to add new functionality requested by the user community.
- Industry: Health, Wellness & Fitness
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
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Review Source
Adaptive has created a tool that is easy to use and provides value almost instantly.
Pros
I love the ease of creating a budget and the ability to quickly create a new forecast. Adaptive has created a formula wizard that is similar to excel, which makes it easy for excel based planners to easily adapt. Adaptive also has an excel interface for reporting, OfficeConnect which makes reporting even easier. They have also created an upload feature to easily maintain your hierarchy, dimensions and attributes. For a company as large as ours it makes the maintenance of the system easier.
Since Adaptive is Cloud based there is no sharing excel files. I can work with anyone in my organization from anywhere and we are all able to access the same file. Since everything is housed in Adaptive we are able to collaborate easier and make better decisions.
Cons
There is always room for improvement and Adaptive is always listening to its customers. There are some features that make reporting a little clunky, rollups. They recently updated the reporting tool within Adaptive, but it doesn't seem as user friendly as the older version. Hopefully over time it will be easier to use.
- Industry: Nonprofit Organisation Management
- Company size: 501–1,000 Employees
- Used Daily for 6-12 months
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Review Source
Amazing planning software for non-profits!
Implementing Adaptive Insights has made me feel like a kid on Christmas morning. Every new feature or discovered capability is a wonderful gift giving me my time and sanity back. I am the only FP&A for a mid-size company. We had outgrown Excel but had a hard time finding a planning software that could handle the allocations fundamental to non-profit accounting. We found Adaptive Insights and haven't looked back. The sales team is amazing, They are not only no pressure, but extremely helpful. We wanted to make sure our entire management team would be on board with new software. AI sales came out and did a personal demonstration for us and answered all of their questions. They also introduced us to great implementation consultants to help us set the instance up.We just finished our first year of planning in Adaptive and it was easy and user-friendly. I love Adaptive and will use it throughout my career.
Pros
The user-friendly interface, customization, regular updates and wealth of support and information. Reporting is also easy to use and very powerful. One of our main challenges is accurately planning and reporting our allocations. AI makes it easy.
Cons
There is nothing I dislike about this software but there are a few things to be aware of. Unless you have 2 people exclusively working full time to set up the instance it will take you much longer than you think. Allow yourself a few months to set it up and know that a full, complete roll-out will probably take a full budget cycle.
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Review Source
My experience with Adaptive
Adaptive is a great business platform for budgeting, collaboration, and report generation. In my company it is my job to provide managers with useful tools to help with different aspects of business unique to their functional area.
The pros of Adaptive:
1) Brings departments together by providing one platform to easily manage and control budgets.
2) Allows for a quicker budgeting process.
3) Different access levels allow top managers to control what different departments can see.
4) Can store years and years of data all of which can be easily accessed.
5) Can be accessed from anywhere in the world with internet connection.
6) Reports can easily be created. Depending on the complexity and type of report, reports can be customized and suited to the needs of the user. Some report types are interactive, different scenarios/results can be presented depending on the user's selections.
The cons of Adaptive:
1) It takes a little long to get used to.
2) Creating formulas and rolling them out can be very challenging. (A lot of trial and error)
3) Reading through the tutorials can be time consuming. I wish they had more practice videos.
Overall, Adaptive is an awesome business platform. Once you get the hang of it you really begin to enjoy it. It allows you to create so much, the amount of reports that can be generated is endless. Furthermore, you can easily upload data and track budgets. This is a great tool for managers especially those with large budgets and variable costs.
- Industry: Civic & Social Organization
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Review Source
The software will change you life...Seriously!
Pros
This suite of products have changed the way we inform our leadership of the state of our operations each month. We no longer spend days and days preparing dry financials. Now, we are generating useful statements in seconds along with instantaneously seeing that same financial and operational data visualized in Adaptive Discovery in our interactive scorecard. The ease of use, and the level of support are the two greatest things about Adaptive.
Cons
The tools do everything we ask of them, and more. The monthly load of data from our GL and the operational data from other source systems being a manual process is my ultimate least favorite thing. We are implementing the Adaptive Discovery connector so that the data will be loaded in the future at the push of a button. That should take care of it, though. I think if I had to identify my next least favorite thing it's probably the high bar that it sets for all of our other reporting from other systems.
- Industry: Information Technology & Services
- Company size: 5,001–10,000 Employees
- Used Daily for 2+ years
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Review Source
Best planning tool I have used!
Pros
I loved the user experience as a whole. The interface feels very modern and as easy to use.
Cons
I wish it had more functionalities to easily do project level budgeting.
- Industry: Consumer Services
- Company size: 51–200 Employees
- Used Weekly for 6-12 months
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Review Source
Reliable service
I feel that the software is bright and easy to use. I like how the widgets and the placements overall of the dashboard makes it easy to find what your looking for.
Pros
Workday is aesthetically appealing and easy to navigate. As someone who is not tech savvy I appreciate when things are straight forward and not complicated. On a random note, the very unique logo makes it easy to find on a clutter computer dashboard.
Cons
I have been using this software for almost a year and have no complains to share at this time. I truly recommend this product.
- Industry: Outsourcing/Offshoring
- Company size: 5,001–10,000 Employees
- Used Weekly for 2+ years
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Review Source
Great tool for budgeting
An excellent tool for budgeting once you have put in the time to learn to use it, you always have the feeling there is more to the software than you know how to use.
Pros
It is super flexible, allowing the user to enter costs by category, department/dimension/cost centre and easily switch between views. You can write little formula to budget by run rate, uplift by a percentage or similar to prior year phasing. You just need to learn a few rules.
Cons
It does not interface well with Workday itself, there was no way I could import staff basic salary into AP from Workday by department and employee for instance.
- Industry: Nonprofit Organisation Management
- Company size: 501–1,000 Employees
- Used Daily for 1+ year
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Review Source
Adaptive Planning eval
We use Adaptive Planning as our primary Budgeting and Forecasting system. Many of the functions are intuitive, but requires some time to get comfortable with the many functions that are available. I would not recommend the native reports, as they are difficult to generate quickly and easily without formal training. But their Office Connect add on tool is a nice enhancement to have to generate more custom reporting and also provides some degree of automation once the linked cells are set up properly.
Pros
The software behaves like a specialized version of Excel, however is limited in other areas that requires data to be exported into Excel to analyze more extensively.
Cons
The native reporting is not that easy to use, would prefer better canned reporting functionality.
- Industry: Events Services
- Company size: 501–1,000 Employees
- Used Daily for 6-12 months
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Review Source
Great integration for the Workday enviroment
It's a great tool for managing datasets via your browser. Downloading enormous datasets for changing only one or two things just to upload it all again it's a big pain that Adaptive saves you from.
Pros
Adaptive is the next best thing you can have when managing large sets of data right from your browser. Instead of having to download big spreadsheets, it can do the heavy lifting for you right from your browser. Tools like pivot tables are easy to do and feature-rich.
Cons
When dealing with very, very large datasets, it can take some time for processing each requested step in Adaptive, giving you sometimes a lengthy loading screen.
- Industry: Computer Software
- Company size: 51–200 Employees
- Used Daily for 1-5 months
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Review Source
Time Saver
Although it takes some dedicated time and experience to set this product up I would say it is the top time saving piece of software I have ever used. I was able to setup our company plan with limited assistance from Adaptive. The assistance I did receive was top notch and always available with short advance notice. I opted to use a Adaptive consultant and deal with her on the phone.
The product has been nothing but a time saver. It pays for itself many times over on a monthly basis. Being a startup I am constantly running new spins and versions of the budget and there is no way I could run as many scenarios using just excel. Days worth of work are reduced to hours. Like I said, it pays for itself many times over. I currently run a static budget and forecast on a monthly basis. I also run a one year rolling forecast that I will easily roll into my 2017 budget at year end. I would not hesitate to recommend this product to any of my fellow finance professionals.
Pros
Easy to run scenarios. Copy the forecast and make changes as necessary. Reporting is a breeze and no problems to do all kinds of variance analysis.
Cons
It's complicated to get up and running. You need a dedicated resource to take the time to learn the product. I would say my biggest issue is the weak help manuals.
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Review Source
Adaptive Discovery - A picture paints a thousand words!
Adaptive Discovery is changing the way we communicate finances to our leadership. They have traditionally received their monthly reports containing scads of numbers. I could see their eye's glaze over at times and they often asked, "so is this good or bad", or, how does this compare with such and such a month, or how does this number compare across the other stores? Now, they have a visual representation which they can drill into and can see trends developing before their eyes. They can see at a glance if something is outside a control limit, needing their attention, or can see at a glance if things are within guidelines or reaching goals we have set. I would love to be able to be able to zoom in when differences are small by changing the scale settings on the axis'. I love this product! It is making my life easier!
- Industry: Education Management
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Best Planning Tool Period
We chose Adaptive over competitors because it's in the cloud, it's customizable, and the price was right. It has improved every aspect of the FP&A function within our company. Our budgeting cycles are shorter, our data is more reliable, and analysis and reporting are more real time.
Pros
Easy user adoption. Customizable. Reporting is sophisticated but not complicated.
Cons
N/A
- Industry: Consumer Services
- Company size: Self Employed
- Used Weekly for 1+ year
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Review Source
Work hard for Workday
Workday is mainly for business use, so it does have its areas for improvement. However, if I built a company and had to manage the information of my employees. I would not hesitate to utilize this platform to optimize the company.
Pros
I mainly used workday when I was working for FedEx. It was useful when organizing bank statements and schedules. Keeping up with benefits and Tax information was a plus as well.
Cons
The only thing I had an issue with was after the update of the workday; there was not a clear enough explanation of how to navigate the apps. The new dashboard shows you everything on the main screen. You still needed to somewhat navigate through the site yourself and figure things out on your own.
- Industry: Staffing & Recruiting
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
For adaptive work planning.
In my department it has made it easy to plan work engage teams and also in creating reliable accounting functions.
Pros
It is simple in work plan follow up of tasks and team work engagement.
Accurate accounting and bank reconciliation.
Proper prediction and budgeting.
Cons
No drawbacks for a while now and it keeps improving.
- Industry: Telecommunications
- Company size: 11–50 Employees
- Used Daily for 1+ year
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Review Source
A Powerful and Resourceful Software
Pros
With this tool, we have an easy time planning and automating budgets.
It is a great EPM
Cons
With Workday Adaptive Planning, no major challenges
- Industry: Information Technology & Services
- Company size: 10,000+ Employees
- Used Monthly for 2+ years
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Review Source
Workday for company data management
Overall I am satisfied because Workday gave me all that I wanted to have in relation to my personal data or company data. Even thought it was hard at start to navigate and find my self in the tool but after some time it is a pure pressure to work with Workday data.
Pros
We have all data related to our job in one place where we can work with them and put them to analysis.
Cons
The navigation is sometimes hard especially when the dashboard have a lot of information.
- Industry: Accounting
- Company size: 11–50 Employees
- Used Weekly for 1+ year
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Review Source
Friendly App
Pros
Very informative and accessible application.
Cons
Technical error may cause to bug the application
- Industry: Government Administration
- Company size: 51–200 Employees
- Used Weekly for 1+ year
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Review Source
Easy to use
Pros
Once you get familiar with Workday, it is every easy to use.
Cons
Figuring out where everything is that I need.
- Industry: Media Production
- Company size: 10,000+ Employees
- Used Weekly for 2+ years
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Review Source
Powerful
It helped us to give real time reports to management that helped them to get financial planning solutions.
Pros
Very easy to use reporting and real-time consolidation that helps planning ahead. Mostly used for reporting to high management, and each time it provided fast and amazing solutions. Has lots of features.
Cons
Limited customisation and overall pricing could be the only con but works really well with large companies.
- Industry: Transportation/Trucking/Railroad
- Company size: 51–200 Employees
- Used Monthly for 2+ years
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Review Source
Budget made easy
Pros
We use Adaptiv for our budgeting purposes. Their importing function makes it easy for users to upload data for analysis. Adaptiv planning has made our budgeting planning easy!
Cons
There were a few bugs in the past, but they have been resolved.
- Industry: Writing & Editing
- Company size: 2–10 Employees
- Used Weekly for Free Trial
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Review Source
Finish line corporate review
My overall experience was great, I also like to plan events and very special work days
Pros
Workday was used to help build structure to plan schedules etc.
Cons
What I liked least about the workday adaptive planning is that , it does not offer a calendar that can be edited to submit task for that day.
- Industry: Automotive
- Company size: 10,000+ Employees
- Used Weekly for Free Trial
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Review Source
Robust Financial Planning
While the core features are strong, some advanced functionalities may require additional customization or integration with other Workday products.
8/10
Pros
As a widely adopted solution in the realm of corporate planning, it offers a range of features aimed at improving financial planning and decision-making
Cons
Sometimes it can be complicated but usually ok
- Industry: Management Consulting
- Company size: 2–10 Employees
- Used Daily for Free Trial
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Review Source
Great brand and excellent product
Pros
It has great and intuitive features and adapts well.
Cons
It is a bit expensive, especially for smaller companies.
- Industry: Medical Practice
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
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Review Source
review
Pros
it runs without interfering with other programs.
Cons
does not have any issues that I am aware of.
- Industry: Judiciary
- Company size: Self Employed
- Used Daily for 1+ year
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Review Source
Workday is a very practical and easy app to manage.
Workday is an easy and clear app that we can manage all our professional life.
Pros
Workday is an easy and clear app. We can manage our professional life.
Cons
It's not something really essential, but I couldn't close the signs of alerts even when I check the messages, because it is not clear how to do it.
- Industry: Computer Software
- Company size: 501–1,000 Employees
- Used Daily for 1+ year
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Review Source
Sophisticated, but slow software
The actual forecast model is very nice, but I wish the software could be more user-friendly, and faster.
Pros
Adaptive Planning is very sophisticated. There are so many ways models can be created, and it supports so many different versions which I love. I can create a forecast for every single GL account for every different department of the company.
Cons
First, the software is very slow for a company at around 1000 size. If you make even a slight forecast/formula update, it can take 30mins to an hour before you can start using it again.
Also, the formulas are very difficult to learn. The formula assistant feature definitely helps, but the way the formula is structured, it's almost impossible to use without the assistant.
- Industry: Apparel & Fashion
- Company size: 10,000+ Employees
- Used Daily for 2+ years
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Review Source
Best financial tool on the market in my opinion
I use Adaptive as a replacement for excel in some aspects of my job. I mainly use it as month end communication to send out financial status reports pertaining to actuals vs budget vs forecast. Adaptive Discovery is one tool I utilize to aid in visualizing data in multiple ways through the use of graphs, gauges, pie charts, tables, and many more.
Pros
Allows so many different ways to breakdown data.
Great customer support. The respond quickly and are very knowledgeable.
Easy to manage users with different access levels.
Adaptive is always working to enhance or update features. The platform develops continuously, which is great for the large user base.
Hosts free webinars every so often.
Can be accessed from anywhere as long as you have internet access.
Cons
The learning curve is steep, it takes a lot of time to really get comfortable with the platform.
Not a lot of video tutorials.
The terminology can be confusing sometimes.
Adaptive is open to technical/programming suggestions but often take time to be enacted. You sometimes have to wait for the next release to get the issue resolved.
- Industry: Information Technology & Services
- Company size: 1,001–5,000 Employees
- Used Daily for 1+ year
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Review Source
Adaptive Insights impresses even more than expected
Pros
Our employees were used to working with Excel spreadsheets. We considered such an approach not completely effective, so our choice turned next to Adaptive Insights. There are no restrictions on the size of the documents. This program is synchronized with other applications, including such important for us solutions like SAP and Oracle. We like the high accuracy of the reports we can create on the tool’s base. It is also important that all data are in one place and don’t require much effort for their processing and analysis. Adaptive Insights is a multifunctional tool with a robust and well-thought-out suite of features. This application allows our employees to track finances, budgets, sales, resources, and labor contribution. With its help, our company’s managers are also able to collect divergent data, make various kinds of reports, build models, and make optimal business decisions.
Cons
It would be better if Adaptive Insights had an opportunity to filter for specific months while working with spreadsheets. This lack of functionality makes our work a bit confusing sometimes. We wouldn’t mind adding more advanced features to the planning tools as well. We believe it would behoove this product if it had several tutorial videos on how to use it to the full extent. Even though we find this tool user-friendly, it doesn’t mean at all that it is so for every company.
- Used Daily for 2+ years
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Review Source
Great Product
We are going into our third budget cycle using Adaptive and it has made our process much more efficient. Prior to using Adaptive we played budget ping pong, bouncing spreadsheets back and forth and then once we landed on a final version the Finance team consolidated the numbers. Adaptive is great because you can see the impact of a change to the consolidated budget in real time. This is a great software for the Finance team as well as the budget / business managers.
Pros
There are many great features including: audit trails, notes, role permissions and security, the ability to quickly create versions, great technical support, and it’s cloud based.
Cons
There is a report builder in Adaptive and it’s easy to use. However, I do feel like they have focused on making improvements in other areas and the reporting hasn’t made as much progress. I do think this is one area that could use some improvements.
- Industry: Information Technology & Services
- Company size: 1,001–5,000 Employees
- Used Weekly for 2+ years
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Review Source
Planning Adaptive Way
It has been good, however need to bring in drastic changes to compete in market
Pros
Reporting is good, and also the ease to run the report.
Cons
Metadata maintenance is a bit complicated, and also customisation is also not at par.
UI and admin features can improve.
- Industry: Hospital & Health Care
- Company size: 10,000+ Employees
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Review Source
Adaptive provides meaningful insight into our financial data!
Using Adaptive is a great experience! It's easy to learn, and once you try it, you will love it. I can forecast monthly , quarterly or whenever I like. Because my operational metrics, which drive our revenues and expenses, are also in Adaptive, I feel we get closer to our actual's each month. We have simplified our monthly reporting process from 6 days, to about an hour and a half. That extra time can be used to analyze the data, which is much more rewarding than ticking and tying numbers to a report. Our dashboard is solid and tells a story for our leaders. I love it!
Pros
Ease of use
Speed (refreshing and processing)
Automatic load of our financial data using a connector
Office Connect - an excel add in that allows me to run my financials in an instant
Adaptive Insights support personnel are amazing! I get a call back very quickly if I have a problem, and I don't feel like I'm being rushed when I ask other questions
Cons
The sheets, which display our data across time, would be fantastic if I could add a YTD column anywhere I like.
I would like to see my sheets display some simple graphs, which would allow me to display trends pictorially while reviewing with my customers.
- Industry: Capital Markets
- Company size: 501–1,000 Employees
- Used Daily for 2+ years
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Review Source
Adaptive is great for small to medium sized enterprises
I use adaptive for 5 year planning, strategic modelling & scenario planning
Pros
The ability to build a bottoms up budget/forecast is an attractive component on this software. It is an assumption based model that is easy to follow and update in the backend
Cons
There is some functionality that it lacks for assumption sheet creation.
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Review Source
Consistency and savings through use of Adaptive Planning
When I started in my role as Manager of FP&A with an agricultural inputs company, one of my first tasks was to move our planning and forecasting processes away from Excel workbooks. Trying to manage P&L's for 200+ retail locations and departments, combined with nearly 2,000 employees, during a high-growth period proved to be challenging, to say the least.
Adaptive Planning has streamlined our planning and forecasting cycles and helped us to standardize metrics, reporting and analysis. Through the use of multiple versions, we have the ability to compare plans, forecasts and actuals across the organization.
My only regret related to Adaptive Planning was the timing of our implementation. We started our implementation in late-July and finished in October, which coincided with our annual planning cycle. We survived, but I would not recommend this timeline!
Pros:
1) Implementation was relatively quick (even though we implemented during our annual planning cycle).
2) Affordability compared to other SAAS and on-site alternatives.
3) Flexibility allows us to mold portions of the product to our needs.
4) Customer support is excellent and timely.
5) Tool can be maintained by Finance; IT involvement is not required for installation or maintenance.
6) Ongoing product enhancements continue to improve this product.
7) Office Connect allows for creation of templates in Excel, Word and PowerPoint. Updating with current results is a simple refresh button-click.
8) Attributes and dimensions allow for unlimited slicing/dicing of organizational data.
Cons:
1) Only a single organization structure is currently available in a single-instance installation. This has caused some headaches, especially in the window of year-end close and progressing into a different organization structure in the new year. We have worked around this issue by utilizing level attributes to view our data in multiple structures.
2) The reporting side of the tool could be improved, including automating linkage to standard distribution/reporting platforms. For example, we use SharePoint for distribution of standard reports, but publishing reports from Adaptive to SharePoint is currently a manual process.
- Industry: Computer Software
- Company size: 51–200 Employees
- Used Daily for 2+ years
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Review Source
An FP&A Dream Tool
I will always recommend Adaptive to FP&A professionals. Once you use it and truly understand it, I'm sure you will do the same. There is little wonder why they are a leader in the SaaS space.
Pros
A cloud-based tool that enables you to forecast and budget different scenarios. OfficeConnect (an add-on feature) allows you to create reports directly in Excel and increases overall team efficiency.
Cons
Setting up Adaptive Insights is a crucial, timely, and difficult process. However, the time you put into building your instance initially saves time and pays dividends in the future.
Reasons for Switching to Workday Adaptive Planning
Previous positive experience with the product and one that I trust. Didn't see a reason to learn something new for the same price.- Industry: Internet
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Strong Tool that Keeps Improving
Pros
I like that adaptive has continued to innovate and improve their product over time. The basic plan option is solid for a SMB, though there are some individual bells and whistles that I would like it to have like Office Connect that require a more expensive membership
Cons
Learning to speak the adaptive "language" is a big barrier to entry from an employee perspective, we become afraid to change the model for fear of breaking it so we aren't leveraging all we have available to us.
- Industry: Biotechnology
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Outstanding Planning and Reporting Platform
We plan at a very granular level, and Adaptive's formulas and overall approach to modeling has made this tool a pleasure to work with. Like any new tool, it took our team a little bit of time (~3 months) of getting used to it, but this is simply a tool we can't live without now.
In addition to the feature set, the customer support is outstanding. Very responsive to questions and highly knowledgeable on a variety of topics.
Pros
Feature set is very strong.
Customer support is among the best in the industry. Highly responsive to detailed technical questions.
Cons
Like any new platform, it took our team a few months after go-live to really utilize the power of the tool, but now it simply a resource that we can't live without.
- Industry: Consumer Goods
- Company size: 51–200 Employees
- Used Daily for 6-12 months
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Review Source
Great software to project us into the next level of strategic finance.
Overall, Adaptive Insights has been a great software to work with. AI has increased the FP&A departments productivity during month end close and review by multiple days.
Pros
- The software is a cloud based, so you will have access anywhere you have the internet.
- No more “this worksheet is locked by another user” message.
- Imports and Exports to/from excel seamlessly…for those of you that like to work out of excel.
- Dashboard capabilities for more real time department metrics and visibility to spend.
- Rolling forecasting capabilities that allow us as a company to focus more on the future and less on the past.
- Instant Company budget/forecast results.
- Audit trails…never have to worry who, what, or when someone changed a number you budgeted or forecasted. All changes will be tracked.
- Company-wide visibility to Personnel and Capex planning that drives the cost of benefits, IT equipment, and supplies.
Cons
- Software enhancements are only every 4 to 5 months.
- Levels (Organization Departments) can be restricting to planning across multiple departments
- Noting variances in a report can be tricky at times.