What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Financial Edge

19 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Financial Edge

19 Ratings
Score 7.8 out of 101

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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

Financial Edge

We would like to eventually have an all-in-one solution for billing/AR. We are a membership organization and currently have to host an additional database for billing, then post those transactions to FE. For this reason, we do not feel Financial Edge is best-suited for our accounts receivable needs; as we still have to incur costs associated with hosting another database to do what we need to do. On-the-other-hand, Accounts Payable module works well for our business needs. We primarily process check payments and bank drafts and this module makes it easy to manage payments and correcting errors (i.e. deleting invoices or reprinting a check that did not print properly) is fairly simple.
Sunny Reed profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
Financial Edge
Long-term financial planning
Adaptive Insights
8.9
Financial Edge
Financial budgeting
Adaptive Insights
8.9
Financial Edge
Forecasting
Adaptive Insights
9.1
Financial Edge
Scenario modeling
Adaptive Insights
8.3
Financial Edge
Management reporting
Adaptive Insights
8.2
Financial Edge

Consolidation and Close

Adaptive Insights
7.5
Financial Edge
Financial data consolidation
Adaptive Insights
7.9
Financial Edge
Journal entries and reports
Adaptive Insights
5.5
Financial Edge
Multi-currency management
Adaptive Insights
7.7
Financial Edge
Intercompany Eliminations
Adaptive Insights
7.5
Financial Edge
Minority Ownership
Adaptive Insights
7.0
Financial Edge
Local and consolidated reporting
Adaptive Insights
8.3
Financial Edge
Detailed Audit Trails
Adaptive Insights
8.6
Financial Edge

FInancial Reporting and Compliance

Adaptive Insights
8.3
Financial Edge
Financial Statement Reporting
Adaptive Insights
9.0
Financial Edge
Management Reporting
Adaptive Insights
8.6
Financial Edge
Excel-based Reporting
Adaptive Insights
8.5
Financial Edge
Automated board and financial reporting
Adaptive Insights
8.5
Financial Edge
XBRL support for regulatory filing
Adaptive Insights
6.9
Financial Edge

Analytics

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

Integration

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

Security

Adaptive Insights
Financial Edge
9.2
Single sign-on capability
Adaptive Insights
Financial Edge
10.0
Role-based user permissions
Adaptive Insights
Financial Edge
8.5

Reporting & Analytics

Adaptive Insights
Financial Edge
6.3
Dashboards
Adaptive Insights
Financial Edge
6.1
Standard reports
Adaptive Insights
Financial Edge
5.4
Custom reports
Adaptive Insights
Financial Edge
7.4

General Ledger and Configurable Accounting

Adaptive Insights
Financial Edge
7.3
Accounts payable
Adaptive Insights
Financial Edge
7.9
Accounts receivable
Adaptive Insights
Financial Edge
8.0
Cash management
Adaptive Insights
Financial Edge
8.0
Bank reconciliation
Adaptive Insights
Financial Edge
8.7
Expense management
Adaptive Insights
Financial Edge
7.3
Time tracking
Adaptive Insights
Financial Edge
7.0
Fixed asset management
Adaptive Insights
Financial Edge
7.0
Regulations compliance
Adaptive Insights
Financial Edge
6.0
Self-service portal
Adaptive Insights
Financial Edge
10.0
Global Financial Support
Adaptive Insights
Financial Edge
8.0
Primary and Secondary Ledgers
Adaptive Insights
Financial Edge
6.0
Intercompany Accounting
Adaptive Insights
Financial Edge
6.0
Journals and Reconciliations
Adaptive Insights
Financial Edge
9.0
Configurable Accounting
Adaptive Insights
Financial Edge
3.0
Standardized Processes
Adaptive Insights
Financial Edge
8.0

Customization

Adaptive Insights
Financial Edge
6.0
Plug-ins
Adaptive Insights
Financial Edge
6.0

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
  • F-9 Reporting is a great tool. We are able to build custom financials for our Finance Committees and Board of Directors and choose how we want to present information to these parties.
  • The AP Module is easy to use and has a "common sense" format.
  • The ability to reference various dates/periods in one journal entry is awesome!
Sunny Reed profile photo

Cons

  • On the Infographics page, I would love to see a thumbnail of the infographic before clicking on it. In general, I love that when you hover over a box, you get a more detailed description, but I would also love the ability to hover and then click to see a thumbnail before opening the full page.
  • Similarly, I think the Videos page should have the length of each video somewhere on the squares. This would help people judge how much time they would need to watch each one all the way through, and be able to make an informed decision about how many they could watch in between meetings.
  • There is no free text search bar.
Samantha Monastra profile photo
  • In the list view of Journal Entries, it would be great if we could see the post date in addition to the date added.
  • Fixed Asset module is not set up for some unique scenarios (removing a previously "acquired asset" that was not necessarily disposed of, but place in FA in error).
  • Reporting within the FE application is not so great, so F-9 saves the day with respect to reporting.
Sunny Reed profile photo

Likelihood to Renew

Adaptive Insights8.5
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 Insights7.7
Based on 75 answers
The Adaptive Suite is well-rounded. We love the add-on OfficeConnect because it allows us to quickly pull data from Adaptive in a report format. Once you set up the OfficeConnect, it's as easy as pushing a button to re-run. This has been especially helpful for month-end reporting and reconciling data in the Budget.
Samantha Monastra 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

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

To be honest - Host Analytics seemed relatively similar to Adaptive. However, Adaptive was our number one choice because:- The Adaptive suite looked a lot better. It seemed smarter and "sharper" and the data visualisation was better.- The people from Adaptive throughout the selection process were more helpful and insightful. This was confirmed throughout the implementation where we had really excellent service and help from Adaptive.
Andy Clifton profile photo
There is no comparison. Fundware was such a dated application and I couldn't believe we were using it as long as we were. Financial Edge allows us to post entries to multiple dates in a single entry and edit the post date as we go. When we used Fundware, we had to edit the business date prior to creating the entry and if we needed to post to multiple periods, we had to repeat these steps and create a new entry for each period. This alone has saved us so much time.
Sunny Reed 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
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

  • Significantly decreased our budget cycle time. Fewer hours dedicated to running multiple excel scenarios for the budget season and more time spent assessing the overall assumptions/inputs.
  • Reduced our month-end reporting cycle to 2 days with forecasting ready.
Meghan Gardiner, CPA, CA profile photo
  • Financial Edge has enabled us to save time with respect to monthly reporting.
  • Financial Edge has helped us streamline some larger entries that were once a pain to enter in Fundware.
  • The F-9 plug allows us to report information in our desired format as opposed to using the reports within the FE application.
  • Overall, I would say that Financial Edge definitely saves us time on closing each month which frees us up for other projects within our department.
Sunny Reed 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

Financial Edge

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

Financial Edge More Information