What users are saying about

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Top Rated
204 Ratings

Collibra

10 Ratings

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Top Rated
204 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

Collibra

10 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.6 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

Collibra

Collibra is well suited where you have multiple reporting environments and multiple source systems. Collibra works well in our environment because we can delegate roles and administration to departments or it can be used in a centralized environment. The ability to customize attributes and assets as well and integrate using the rest api is very important to us.
Ron Layne profile photo

Feature Rating Comparison

BI Standard Reporting

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

Ad-hoc Reporting

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

Report Output and Scheduling

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

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
Collibra
Long-term financial planning
Adaptive Insights
8.9
Collibra
Financial budgeting
Adaptive Insights
8.9
Collibra
Forecasting
Adaptive Insights
9.1
Collibra
Scenario modeling
Adaptive Insights
8.3
Collibra
Management reporting
Adaptive Insights
8.1
Collibra

Consolidation and Close

Adaptive Insights
7.5
Collibra
Financial data consolidation
Adaptive Insights
7.9
Collibra
Journal entries and reports
Adaptive Insights
5.6
Collibra
Multi-currency management
Adaptive Insights
7.7
Collibra
Intercompany Eliminations
Adaptive Insights
7.5
Collibra
Minority Ownership
Adaptive Insights
7.1
Collibra
Local and consolidated reporting
Adaptive Insights
8.3
Collibra
Detailed Audit Trails
Adaptive Insights
8.6
Collibra

FInancial Reporting and Compliance

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

Analytics

Adaptive Insights
7.6
Collibra
Personalized dashboards
Adaptive Insights
7.3
Collibra
Color-coded scorecards
Adaptive Insights
6.8
Collibra
KPIs
Adaptive Insights
8.0
Collibra
Cost and profitability analysis
Adaptive Insights
8.1
Collibra
Key Performance Indicator setting
Adaptive Insights
8.0
Collibra
Benchmarking with external data
Adaptive Insights
7.3
Collibra

Integration

Adaptive Insights
8.6
Collibra
Flat file integration
Adaptive Insights
8.4
Collibra
Excel data integration
Adaptive Insights
8.8
Collibra
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Collibra

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
  • Data Lineage and traceability
  • Easy to customize
  • Easy tool to use for business users
  • Workflow
  • Out of the box metrics
Ron Layne profile photo

Cons

  • For reforecasting (e.g. doing 3 + 9 or 6 + 6), it would be useful to do constant currency analysis for versions that are "hybrid" (i.e. contain actual and plan data). At the moment, the virtual version functionality only works properly for actual or plan only versions.
  • We are a company going through a process of changing financial years and trying to plan over multiple financial periods of different lengths. I have found it very difficult to handle this in the system elegantly.
  • It would be good if there were more "template" models for various common business scenarios (e.g. sets of standard modeled sheets available for personnel and fixed assets) or sets of standard cubes for revenue or projects.
Andy Clifton profile photo
  • Data Quality and Data Profiling
  • Mobile interface
Ron Layne profile photo

Likelihood to Renew

Adaptive Insights8.5
Based on 32 answers
At this point we have set up our reporting to integrate with Adaptive. We have spent some non-recurring money to set up and populate the system. Switching at this point would only be an option if we were unhappy with the decision. This might seem like I am side-stepping the issue but I think an important point is being made. Whatever system you decide to go with, changing later is costly and unproductive. We chose Adaptive and have absolutely no regrets. We are currently at a crossroads here at Teachscape and are looking at several different potential options. If we were still relying on a 20 to 40 sheet Excel workbook with thousands of links and formulas, I don't think I would be able to sleep at night. Adaptive gives me a greater level of comfort.
Michael Bright profile photo
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
Building complex reports is still difficult to do when using dimension or level attributes. Formulas are still a challenge.
Daniel Killpack 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 questions are always answered quickly.
Andrew Rosenberg 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


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 previously only used Excel for budgeting and reporting. We now use Adaptive for all budgeting and use an add-on product called Office Connect to build reports that automate our data each month. We find the Office Connect reporting a little more user-friendly than the in-house reporting feature.
Amy Kee, CPA profile photo
Collibra offers more features [than alternatives] and is easy for business users to use. We did a proof of concept with Collibra using the Cloud service that allowed us to kick the tires and get a comfort level before we made the investment. At the time of our purchase the market was very immature and is continuing to evolve.
Ron Layne 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

  • Staffing. Almost certain we would have had to hire a full-time budget analyst to process budgets pre-Adaptive. Savings in labor for salary and benefits is about $150 k annually.
  • Quicker ability to report and complete the budget process. Before Adaptive, the budget process took about 4 months. We have shrunk the time required to about 3 months with additional time now for analysis.
  • What if reporting. Nice to see the impact of changes in the budget with a quick turn around time to report.
Bryan Schmidt profile photo
  • ROI is hard to measure because there are so many soft benefits that come from the tool. We do have a variety of metrics that we track using Collibra to better gauge the maturity of data governance.
Ron Layne 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

Collibra

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

Collibra More Information