What users are saying about

Adaptive Insights

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Top Rated
205 Ratings
2 Ratings

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101
2 Ratings
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Score 7 out of 101

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Likelihood to Recommend

Adaptive Insights

It is well suited for mid-size companies to have a budgeting, forecasting, and reporting platform. The system needs data and someone to maintain it so it would not be well suited for a small company or one without a dedicated finance team.
Brian Kyslinger profile photo

Axiom EPM

Axiom is ideal for organizations with multiple departments that need to collect, share, and integrate data from common internal data sources. The product is best for very large organizations with a lot of financial backing. I wouldn't suggest using Axiom if you're a small organization or only one department, for example.
No photo available

Feature Rating Comparison

BI Standard Reporting

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

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights
8.0
Axiom EPM
Publish to PDF
Adaptive Insights
8.0
Axiom EPM
Report Versioning
Adaptive Insights
8.0
Axiom EPM
Report Delivery Scheduling
Adaptive Insights
8.0
Axiom EPM

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights
8.6
Axiom EPM
8.5
Long-term financial planning
Adaptive Insights
8.9
Axiom EPM
9.0
Financial budgeting
Adaptive Insights
8.8
Axiom EPM
9.0
Forecasting
Adaptive Insights
9.1
Axiom EPM
8.0
Scenario modeling
Adaptive Insights
8.2
Axiom EPM
8.0
Management reporting
Adaptive Insights
8.1
Axiom EPM

Consolidation and Close

Adaptive Insights
7.5
Axiom EPM
9.7
Financial data consolidation
Adaptive Insights
7.9
Axiom EPM
10.0
Journal entries and reports
Adaptive Insights
5.6
Axiom EPM
Multi-currency management
Adaptive Insights
7.6
Axiom EPM
Intercompany Eliminations
Adaptive Insights
7.5
Axiom EPM
Minority Ownership
Adaptive Insights
7.1
Axiom EPM
Local and consolidated reporting
Adaptive Insights
8.3
Axiom EPM
9.0
Detailed Audit Trails
Adaptive Insights
8.5
Axiom EPM
10.0

FInancial Reporting and Compliance

Adaptive Insights
8.3
Axiom EPM
8.3
Financial Statement Reporting
Adaptive Insights
9.0
Axiom EPM
8.0
Management Reporting
Adaptive Insights
8.6
Axiom EPM
8.0
Excel-based Reporting
Adaptive Insights
8.4
Axiom EPM
9.0
Automated board and financial reporting
Adaptive Insights
8.5
Axiom EPM
8.0
XBRL support for regulatory filing
Adaptive Insights
7.0
Axiom EPM

Analytics

Adaptive Insights
7.6
Axiom EPM
8.7
Personalized dashboards
Adaptive Insights
7.3
Axiom EPM
9.0
Color-coded scorecards
Adaptive Insights
6.8
Axiom EPM
KPIs
Adaptive Insights
8.0
Axiom EPM
Cost and profitability analysis
Adaptive Insights
8.0
Axiom EPM
8.0
Key Performance Indicator setting
Adaptive Insights
8.0
Axiom EPM
Benchmarking with external data
Adaptive Insights
7.3
Axiom EPM
9.0

Integration

Adaptive Insights
8.6
Axiom EPM
9.0
Flat file integration
Adaptive Insights
8.3
Axiom EPM
9.0
Excel data integration
Adaptive Insights
8.7
Axiom EPM
9.0
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Axiom EPM
9.0

Pros

  • Adaptive handles the concept of "versions" very well. This makes budgeting, forecasting, and scenario planning particularly easy. You can compare actuals vs budget, vs budget @ different rate, vs forecast or vs prior year all at the quick click of a button.
  • Multi-user, multi-location, multi-currency handled with ease within the system.
  • Adding or removing GL codes, levels or dimensions is really easy and is updated across the entire model.
  • The reporting writing part of the solution is excellent. Once the data is in, you can report any parameter against any other.
Andy Clifton profile photo
  • Compared to a previous EPM we used, Axiom's template load and saving performance has been much better even for large plan files.
  • Axiom consultants can create completely customized reports for any of the collected data. Super users within your organization can then fairly easily modify their work to create additional reports without Axiom's help (and invoices)
  • Setting up user security is a fairly easy one-time task and very easy to maintain when people change departments, leave the organization, etc. I would recommend you use role-based security settings.
  • Compared to our previous EPM, Axiom allows more customization and possibilities for templates. There's very few "the product can't do that" statements.
No photo available

Cons

  • Users need more visibility for external reporting. If this already exists, then I would suggest more training or webcasts that cover this topic.
  • On the sales side of things, I would suggest ensuring that your NEW users are aware of the amount of training involved in learning to be an ADMIN for Adaptive Insights. Users need to be able to move beyond the implementation to active use. Yes, Adaptive makes things easy, but only if you know how to write the formulas and set things up correctly to run in the background. Hands-on training is a must! Our implementation was 3 years ago, though, so maybe things have improved somewhat since then.
  • More problem/solution-specific forums for users to interact with each other and find new and better ways of handling unique issues. Since Adaptive is so flexible, it often takes bouncing ideas off others to figure out the best way to plan for certain types of revenue or expenses.
Amy Kee, CPA profile photo
  • Unfortunately, Axiom only assigned two implementation consultants to our massive project and both were completely new to the product and inexperienced.
  • This isn't really a fault of Axiom, but your organization's data has to be perfect before implementing Axiom. You need a strong project manager within your organization to take the lead in working with Axiom. They should be very familiar with the source data and what's important to all your internal stakeholders. The Axiom team needs to be clearly told exactly what you need from them.
  • We never truly felt confident anyone from Axiom was really familiar with the source tables and data being used. I would suggest in any project they make that a priority early on. Not being familiar with the data caused a list of issues regarding reporting and template construction.
No photo available

Likelihood to Renew

Adaptive Insights8.6
Based on 32 answers
We just recently renewed our contract and I wouldn't hesitate to renew again. First, Adaptive as a company has a great customer-first attitude and they're great to work with. Their customer service team is fantastic. Second, they are constantly trying to improve the product and make it better, but not losing sight of what we really need. Also, the longer you use the product the more it is filled with priceless data all in one spot with instant access to report on and dig into.
Kevin Bradshaw profile photo
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
Adaptive is very easy to use, but it requires some training to get comfortable with it.
Amy Kee, CPA profile photo
No score
No answers yet
No answers on this topic

Reliability and Availability

Adaptive Insights9.1
Based on 9 answers
It's never been out of action when we've needed to use it.
Lee Hawthorn profile photo
No score
No answers yet
No answers on this topic

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
No score
No answers yet
No answers on this topic

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
Axiom EPM7.0
Based on 1 answer
For the scale of our implementation, Axiom only assigned two consultants who were both completely new to the company. It felt like we were all learning about the product together, when you would expect them to already be experts at their own product. The team also made a good bit of mistakes throughout production and go-live, which then caused more work internally for us. The team lead for our project also just left the company, so we'll see how next year's planning goes
No photo available

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


Implementation was very easy and fast. The ability to
customize Levels and Dimensions to match our Organization’s structure and
accounting practices is great. Our organization is continually changing and
adaptive has the ability to be changed without issue.

Rose Sipin profile photo
No score
No answers yet
No answers on this topic

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

We did not go through a full-blown software selection process, nor have I used other products in the past. Previous to Adaptive, we used Management Reporter (formerly FRx, now part of Microsoft Dynamics GP) for our financial statements, and Excel for our budgeting. Adaptive is far superior to either of those.We pursued Adaptive mainly through word of mouth. When discussing the availability of products with other accounting professionals, it was clear Adaptive was becoming the industry leader for our company size. We had a demo of the product presented by them. Since we liked it so much, we decided to go with them even though we had not reviewed other products.
Jack Kersjes profile photo
Vena was a strong product, but only our department within the University used it for budgeting. The entire university chose Axiom for the increased scale and capacity. The loading and saving performance of Axiom is slightly better than Vena. Also, Axiom provides more template and report customization. Vena definitely excelled more in their support and staffing and was much cheaper (so I'm told) than Axiom
No photo available

Collaboration and Sharing

Adaptive Insights7.5
Based on 17 answers
This is one of the best features as personnel in different areas at different sites can work together on the budget, forecast or "what-if" models.
Harry Vasels profile photo
No score
No answers yet
No answers on this topic

Data Integration

Adaptive Insights7.6
Based on 17 answers
We have used Adaptive for years and it works well as we adapt to changing business scenarios. We can make changes and see potential impacts to our business before they occur.
Harry Vasels 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

  • Adaptive offers plenty of flexibility with what-if scenario modeling. It's very easy to save different versions of the plan/forecast and to control access rights to the versions. It's possible to hide versions from all users or to set them as read only.
  • Adaptive makes month end variance analysis very straightforward. Comparing actuals with budget/forecast is quite simple and efficient. It's easy to do a high-level comparison and then to do a deep dive where needed. Also, the budget managers can perform their own reviews simultaneously.
  • We've been using the software for 5 years and our budget/forecast cycles change all of the time. Adaptive offers the flexibility needed to create rolling forecasts that extend out several years. However, I wish that it was easier to roll forward historical results into future periods - there's a mix of actual/budget data that gets rolled forward and there's a lot of editing required to arrive at a baseline budget.
Jennifer Summitt profile photo
  • This is only the first year of implementation for the university, so the ROI is yet to be fully seen. For our department, which is the largest in the university, I think the ROI has been fairly high as our users have had more built-in resources within their plan files than they had previously.
No photo available

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

Axiom EPM

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

Axiom EPM More Information