What users are saying about

Adaptive Insights

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Top Rated
206 Ratings
4 Ratings

Adaptive Insights

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Top Rated
206 Ratings
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Score 8.6 out of 101
4 Ratings
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Score 6.3 out of 101

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Likelihood to Recommend

Adaptive Insights

Adaptive is great if you want to create many what- if scenarios when budgeting and forecasting. Staffing scenarios has been particularly helpful for our HR department when analyze staff needs for future years and analyzing open and unfilled positions over a certain time frame.

Every so often Adaptive's response time when in the system has been slow but Adaptive has rolled out the Elastic Hypercube to take care of that issue.
Gary Grzesiak profile photo

Benefitfocus

It is well suited for a small company of maybe 300-400. It is less appropriate for companies in areas where a transit and parking benefit is a must.
No photo available

Feature Rating Comparison

BI Standard Reporting

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

Ad-hoc Reporting

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

Report Output and Scheduling

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

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

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

Consolidation and Close

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

FInancial Reporting and Compliance

Adaptive Insights
8.2
Benefitfocus
Financial Statement Reporting
Adaptive Insights
9.0
Benefitfocus
Management Reporting
Adaptive Insights
8.5
Benefitfocus
Excel-based Reporting
Adaptive Insights
8.4
Benefitfocus
Automated board and financial reporting
Adaptive Insights
8.4
Benefitfocus
XBRL support for regulatory filing
Adaptive Insights
7.0
Benefitfocus

Analytics

Adaptive Insights
7.6
Benefitfocus
Personalized dashboards
Adaptive Insights
7.3
Benefitfocus
Color-coded scorecards
Adaptive Insights
6.8
Benefitfocus
KPIs
Adaptive Insights
7.9
Benefitfocus
Cost and profitability analysis
Adaptive Insights
8.0
Benefitfocus
Key Performance Indicator setting
Adaptive Insights
8.0
Benefitfocus
Benchmarking with external data
Adaptive Insights
7.3
Benefitfocus

Integration

Adaptive Insights
8.5
Benefitfocus
Flat file integration
Adaptive Insights
8.3
Benefitfocus
Excel data integration
Adaptive Insights
8.7
Benefitfocus
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Benefitfocus

Pros

  • Financial Reporting - Building financial statements in OfficeConnect is a breeze! They are quick and easy to update on a monthly basis! The HTML reporting within Adaptive Insights is also particularly useful for department and adhoc reports!
  • Budgeting/Forecasting - Being able to budget/forecast within Adaptive Insights has significantly cut down on the time it takes to budget by utilizing formulas and assumptions within the model! We reforecast quarterly, and with Adaptive Insights, it's painless when compared to the Excel forecasting we did previously.
  • Cash Flow Statement - Creating this for the annual audit was painful before Adaptive Insights! Now, it's a simple export from Adaptive Insights.
  • Dashboards - The dashboards that can be created are endless and provide valuable insight for our executives in real-time!
Denise Lewis profile photo
  • Great front face - updated graphics and advanced technology.
  • Video Library and an option to create your own videos.
  • Option to do a comparison chart of benefit plans.
  • Easy on the employee's eye.
No photo available

Cons

  • The Adaptive Planning portion of the suite is very mature and has few short-comings. The biggest improvement I can think of is the ability for formulas to cross versions.
  • The Adaptive Discovery (dashboard) portion of the suite is much less mature. There are many chart types not available that are in Excel. For example, I would like to have an X-Y scatter chart to use. Also, some of the dial (chart) types have very little formatting options (like pie charts).
  • While the object of the web-based product is to eliminate paper printing, there are times when it is necessary to print financial statements. It would be nice to print directly to pdf with the ability to format the reports.
Jack Kersjes profile photo
  • Great at selling their product but not keeping their promises.
  • Too many glitches and they always advise it will be updated/corrected on their next "quarterly update".
  • They can't administer QTB plans (parking and transit) which is an essential benefit plan offered to companies. They didn't officially come out with this news until after we had implemented and launched the program. During implementation, they made it appear like it would work.
No photo available

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
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.6
Based on 75 answers
Adaptive is very easy to use, if you understand Excel you can use Adaptive
Lisa VanHuystee 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
No score
No answers yet
No answers on this topic

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
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

I was not involved in the selection process, but have interfaced with TM1 to our parent company. My personal experience has found Adaptive to have greater responsiveness.
Mikel Christopherson profile photo
I thought it would be a good facelift and upgrade to BeneTrac which was outdated and hadn't done anything to change the look and feel of their platform. Only to find out Benetrac is more adaptable to manual changes and needs.
No photo available

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

  • Easily will save 75% of finance team time on budgeting and planning.
  • Improved cost control, budgets, and forecasts are at the users' finger tips with actuals vs. budget vs forecast. No excuses to overspend and allows finance to be better business partners.
KaReese Watkins, CMA profile photo
  • It was a negative impact because we launched the program during open enrollment only to revert back to the old platform, BeneTrac, 3 months later.
  • Bad impression on the benefits team to implement a program that didn't deliver.
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

Benefitfocus

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

Benefitfocus More Information