What users are saying about

Adaptive Insights

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
205 Ratings
16 Ratings

Adaptive Insights

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
205 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.7 out of 101
16 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.7 out of 101

Add comparison

Likelihood to Recommend

Adaptive Insights

It is very helpful for budgeting and reporting. I love how easy it is to automate reports and presentations. It can be more difficult to plan specific activities. It feels more high-level than activity-level. It shows totals rather than individual transactions (either past or future transactions).
Mark McConkie profile photo

AvidXchange

AvidXchange can be used in all situations where an organization needs to pay a wide variety of invoices and needs its employees to sign in and approve what should be paid. There is no situation where an employee shouldn't go in to look at invoices or work that was ordered and needs review before payment.
John Dunn profile photo

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights
9.3
AvidXchange
Pixel Perfect reports
Adaptive Insights
9.0
AvidXchange
Customizable dashboards
Adaptive Insights
10.0
AvidXchange
Report Formatting Templates
Adaptive Insights
9.0
AvidXchange

Ad-hoc Reporting

Adaptive Insights
8.0
AvidXchange
Drill-down analysis
Adaptive Insights
9.0
AvidXchange
Formatting capabilities
Adaptive Insights
7.0
AvidXchange
Integration with R or other statistical packages
Adaptive Insights
8.0
AvidXchange
Report sharing and collaboration
Adaptive Insights
8.0
AvidXchange

Report Output and Scheduling

Adaptive Insights
8.0
AvidXchange
Publish to PDF
Adaptive Insights
8.0
AvidXchange
Report Versioning
Adaptive Insights
8.0
AvidXchange
Report Delivery Scheduling
Adaptive Insights
8.0
AvidXchange

Data Discovery and Visualization

Adaptive Insights
7.7
AvidXchange
Pre-built visualization formats (heatmaps, scatter plots etc.)
Adaptive Insights
7.0
AvidXchange
Location Analytics / Geographic Visualization
Adaptive Insights
8.0
AvidXchange
Predictive Analytics
Adaptive Insights
8.0
AvidXchange

Access Control and Security

Adaptive Insights
9.0
AvidXchange
Multi-User Support (named login)
Adaptive Insights
9.0
AvidXchange
Role-Based Security Model
Adaptive Insights
9.0
AvidXchange
Multiple Access Permission Levels (Create, Read, Delete)
Adaptive Insights
9.0
AvidXchange

Mobile Capabilities

Adaptive Insights
8.5
AvidXchange
Responsive Design for Web Access
Adaptive Insights
8.0
AvidXchange
Dedicated iOS Application
Adaptive Insights
8.0
AvidXchange
Dedicated Android Application
Adaptive Insights
8.0
AvidXchange
Dashboard / Report / Visualization Interactivity on Mobile
Adaptive Insights
10.0
AvidXchange

Budgeting, Planning, and Forecasting

Adaptive Insights
8.6
AvidXchange
Long-term financial planning
Adaptive Insights
8.9
AvidXchange
Financial budgeting
Adaptive Insights
8.8
AvidXchange
Forecasting
Adaptive Insights
9.1
AvidXchange
Scenario modeling
Adaptive Insights
8.2
AvidXchange
Management reporting
Adaptive Insights
8.1
AvidXchange

Consolidation and Close

Adaptive Insights
7.5
AvidXchange
Financial data consolidation
Adaptive Insights
7.9
AvidXchange
Journal entries and reports
Adaptive Insights
5.6
AvidXchange
Multi-currency management
Adaptive Insights
7.6
AvidXchange
Intercompany Eliminations
Adaptive Insights
7.5
AvidXchange
Minority Ownership
Adaptive Insights
7.1
AvidXchange
Local and consolidated reporting
Adaptive Insights
8.3
AvidXchange
Detailed Audit Trails
Adaptive Insights
8.5
AvidXchange

FInancial Reporting and Compliance

Adaptive Insights
8.3
AvidXchange
Financial Statement Reporting
Adaptive Insights
9.0
AvidXchange
Management Reporting
Adaptive Insights
8.6
AvidXchange
Excel-based Reporting
Adaptive Insights
8.4
AvidXchange
Automated board and financial reporting
Adaptive Insights
8.5
AvidXchange
XBRL support for regulatory filing
Adaptive Insights
7.0
AvidXchange

Analytics

Adaptive Insights
7.6
AvidXchange
Personalized dashboards
Adaptive Insights
7.3
AvidXchange
Color-coded scorecards
Adaptive Insights
6.8
AvidXchange
KPIs
Adaptive Insights
8.0
AvidXchange
Cost and profitability analysis
Adaptive Insights
8.0
AvidXchange
Key Performance Indicator setting
Adaptive Insights
8.0
AvidXchange
Benchmarking with external data
Adaptive Insights
7.3
AvidXchange

Integration

Adaptive Insights
8.6
AvidXchange
Flat file integration
Adaptive Insights
8.3
AvidXchange
Excel data integration
Adaptive Insights
8.7
AvidXchange
Direct links to 3rd-party data sources
Adaptive Insights
8.7
AvidXchange

Pros

  • Infinite ability to group accounts and departments for reporting. The only limitation is the number of ways that you think of in terms of consolidating the information.
  • Being able to build scalable, complex, distributed, budget models. With the data we can bring into the system and the formulas we can use we have all the functionality of the spreadsheet, but with the flexibility to allow leaders across the organization to participate and update their section.
  • The platform allows multiple forecast/budget versions which allows for version control and sensitivity analysis. I can lock versions from changes while quickly creating a new version to see the impact of a +or- scenario to the company’s profitability.
  • With the OfficeConnect tool we can leverage Excel to provide repeatable reports for the board and other business leaders that are repeatable from month to month. While the platform provides more flexibility than an accounting package it still has limitations. Using OfficeConnect I can leverage the power of the Microsoft suite of Excel/Word/PowerPoint directly.
Brian Kyslinger profile photo
  • Automation: Every part of Avid's process is automated through the use of workflows established by the AvidXchange administrator. This allows all vested entities to review and approve the payment of an invoice in a timely manner.
  • Transparency: As an invoice goes through the review and approval process, every step is documented and available for review. This ensures all parties are appropriately vested in ensuring the timely approval of invoices for payment
  • Accuracy: Automating the AP process has helped to minimize the risk for errors that occur through manual invoice entry and approval.
Suzanne Crockett profile photo

Cons

  • The format of reports when downloaded to Excel or PowerPoint could use improvement.
  • Would be nice if you could inactivate GL accounts when they are no longer being used.
  • Suppress rows functionality when set by the administrator to default to suppress if not data doesn't always seem to work.
Gary Grzesiak profile photo
  • AvidPay needs some improvement to minimize the amount of time it takes to issue payment for invoices
  • The search features within AvidXchange on the advanced search screen sometimes do not function correctly (sorting by ascending / descending order doesn't work all of the time).
  • The log enhancement follow-up procedure could use some work.
Suzanne Crockett profile photo

Likelihood to Renew

Adaptive Insights8.6
Based on 32 answers
We have renewed this a number of times. It fits our business model and it is now an integral part of our organization.
Harry Vasels profile photo
AvidXchange8.2
Based on 5 answers
At the moment we have a contract for another year, we are hoping there is improvement with the company to decide if we stay with them or change.
No photo available

Usability

Adaptive Insights7.7
Based on 75 answers
Adaptive Insights is incredibly easy to use! OfficeConnect makes creating and updating financial reports a breeze!
Denise Lewis profile photo
AvidXchange8.2
Based on 1 answer
Except the one difficult/cumbersome point I made, it is a strong, solid, easy-to-use system.
Richard Maritt, CMCA, AMS profile photo

Reliability and Availability

Adaptive Insights9.1
Based on 9 answers
We can access Adaptive anytime 24/7 from any computer or laptop pc or Mac. They are committed to keep this product up to date and relevant
Harry Vasels profile photo
AvidXchange9.0
Based on 1 answer
No answer on this topic is available.

Performance

Adaptive Insights9.1
Based on 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo
AvidXchange8.0
Based on 1 answer
No answer on this topic is available.

Support

Adaptive Insights6.8
Based on 11 answers
Support requests are always handled promptly and resolved favourably.Many user support requests arise during initial deployment and use and often represent questions relating to best methods or how to approach their particular situation, which we gladly assist with as we provide the appropriate skills transfer training and assistance.As clients become more knowledgeable in working with the product suite then they tend not to ask many questions.
Greg Clarke profile photo
AvidXchange8.2
Based on 2 answers
Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
Richard Maritt, CMCA, AMS profile photo

Online Training

Adaptive Insights8.2
Based on 6 answers
Training receives the highest rating due to the availability of Webex training from an expert at Adaptive, with several sessions tailored to specific features including personnel, capital, formulas, reporting, etc
Andrew Rosenberg profile photo
No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights8.2
Based on 13 answers
Although having a set of spreadsheet and workbooks helps to define the logic and processes, preparing a requirements document is also an important element in a successful implementation. In addition, dedicating a knowledgeable user as part of the "Scrum" development allows focus and permits the implementation to proceed without time loss and promotes knowledge transfer. Finally, having an onsite developer speeds the process and can reduce the overall cost as well.
Bob Katz, CMA, CFM, CFP® profile photo
AvidXchange7.3
Based on 1 answer
No answer on this topic is available.

Breadth of Deployment

It is used throughout the company in different divisions and at our corporate level. When used in a division recently the personnel from different departments directly inputted data and monitored their budget against actual. It is very user friendly and flexible.
Harry Vasels profile photo
No answers on this topic

Alternatives Considered

I have used Hyperion and TM1 solutions in the past.
Hyperion was expensive and difficult to implement, requires more technical knowledge to set up the business rules for more more hands on IT support.
TM1 was a great tool for FP&A users. However TM1 lacked a report writer and was not a cloud based solution so access for international offices and those who traveled frequently had challenges. Adaptive offers a well-rounded solution cost effective solution with easy access, user friendly interface, built in report writer and dashboard capabilities.
Lisa VanHuystee profile photo
SIRE became bogged down over time, began having more downtime, worked slower than expected, and had stopped advancing the development of its features. As such, we had to find an alternative. For our size (not small and not big), we needed something which got narrowed down to Strongroom and AvidXchange. Since AvidXchange purchased Strongroom, it became a no-brainer as to which company's product we would be using. Compared to the manual processing of invoices, this is much better as they can be reviewed and approved remotely in addition to the archive being searchable from anywhere.
Richard Maritt, CMCA, AMS profile photo

Collaboration and Sharing

Adaptive Insights7.5
Based on 17 answers
With workflow I am able to track progress on budget and forecast projects in a timely manner. There is also an organiser to track and assign tasks to users. Security is very flexible.
Robin Webber profile photo
No score
No answers yet
No answers on this topic

Data Integration

Adaptive Insights7.6
Based on 17 answers
It is very simple to update data, both monthly actuals and budgeting data, using an Excel template or the connector.
Robin Webber profile photo
No score
No answers yet
No answers on this topic

Scalability

Adaptive Insights9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo
No score
No answers yet
No answers on this topic

Return on Investment

  • Month-end reporting: It's hard to say how much time Adaptive Insights has provided, but I can say we no longer have formula errors in Excel reports and refreshing financial statements every month only takes a couple of clicks.
  • Budgeting/forecasting: We have saved a tremendous amount of time in our budgeting cycle. After importing a budget in Adaptive Insights and setting up the model with formulas, we are able to copy the most recent budget version into the next budget version and review. Being able to budget in Adaptive Insights also removes the possibility of formula and linking errors that come with Excel.
Denise Lewis profile photo
  • It has saved a lot in cost cutting just in man-hours. Which has left me the time to take on additional tasks to help others in the office.
Nancy Tricola profile photo

Pricing Details

Adaptive Insights

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
1.  per seat, per installation
Additional Pricing Details

Adaptive Insights More Information

AvidXchange

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

AvidXchange More Information