What users are saying about

Adaptive Insights

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Top Rated
205 Ratings

Financial Edge NXT

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Top Rated
89 Ratings

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101

Financial Edge NXT

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Top Rated
89 Ratings
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Score 8.2 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 NXT

I think FENXT is well suited for medium to large sized organizations who are willing to make an investment in their systems. I do not feel this would be worthwhile for small organizations or ones who do not prioritize their database systems.
Brandon Mand profile photo

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights
9.3
Financial Edge NXT
Pixel Perfect reports
Adaptive Insights
9.0
Financial Edge NXT
Customizable dashboards
Adaptive Insights
10.0
Financial Edge NXT
Report Formatting Templates
Adaptive Insights
9.0
Financial Edge NXT

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights
8.0
Financial Edge NXT
Publish to PDF
Adaptive Insights
8.0
Financial Edge NXT
Report Versioning
Adaptive Insights
8.0
Financial Edge NXT
Report Delivery Scheduling
Adaptive Insights
8.0
Financial Edge NXT

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

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

Consolidation and Close

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

FInancial Reporting and Compliance

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

Analytics

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

Integration

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

Payroll Management

Adaptive Insights
Financial Edge NXT
5.4
Pay calculation
Adaptive Insights
Financial Edge NXT
5.2
Direct deposit files
Adaptive Insights
Financial Edge NXT
5.4
Salary revision and increment management
Adaptive Insights
Financial Edge NXT
4.6
Reimbursement management
Adaptive Insights
Financial Edge NXT
6.3

Customization

Adaptive Insights
Financial Edge NXT
6.7
API for custom integration
Adaptive Insights
Financial Edge NXT
7.9
Plug-ins
Adaptive Insights
Financial Edge NXT
5.6

Security

Adaptive Insights
Financial Edge NXT
7.0
Single sign-on capability
Adaptive Insights
Financial Edge NXT
7.1
Role-based user permissions
Adaptive Insights
Financial Edge NXT
6.8

Reporting & Analytics

Adaptive Insights
Financial Edge NXT
6.7
Dashboards
Adaptive Insights
Financial Edge NXT
6.8
Standard reports
Adaptive Insights
Financial Edge NXT
6.7
Custom reports
Adaptive Insights
Financial Edge NXT
6.5

General Ledger and Configurable Accounting

Adaptive Insights
Financial Edge NXT
7.0
Accounts payable
Adaptive Insights
Financial Edge NXT
7.1
Accounts receivable
Adaptive Insights
Financial Edge NXT
6.2
Cash management
Adaptive Insights
Financial Edge NXT
6.8
Bank reconciliation
Adaptive Insights
Financial Edge NXT
7.0
Expense management
Adaptive Insights
Financial Edge NXT
7.3
Time tracking
Adaptive Insights
Financial Edge NXT
6.5
Fixed asset management
Adaptive Insights
Financial Edge NXT
7.0
Multi-currency support
Adaptive Insights
Financial Edge NXT
7.8
Multi-division support
Adaptive Insights
Financial Edge NXT
7.0
Regulations compliance
Adaptive Insights
Financial Edge NXT
7.6
Electronic tax filing
Adaptive Insights
Financial Edge NXT
5.6
Self-service portal
Adaptive Insights
Financial Edge NXT
8.0

Order Management

Adaptive Insights
Financial Edge NXT
5.0
Pricing
Adaptive Insights
Financial Edge NXT
5.6
Credit card processing
Adaptive Insights
Financial Edge NXT
6.6
Cost of goods sold
Adaptive Insights
Financial Edge NXT
2.7

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 entry is much easier with NXT especially for accounts payable
  • Reporting is fantastic with the ability to drill down in the reports to the detail and to export reports in more consistent formats (PDF, Excel)
  • Bank reconciliation is a breeze with the cash management capabilities
Pamela Wittmayer profile photo

Cons

  • When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section.
  • Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation.
  • You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.
Brian Kyslinger profile photo
  • The dashboards need to be imported onto company website for board review
  • The financial reports generated within the program should be as appealing (not so canned) to the ones we have to format in excel
  • Implementation costs could be a lot less
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
Financial Edge NXT8.1
Based on 3 answers
There aren't too many non-profit specific financial/accounting software solutions available. Even so, Financial Edge NXT meets the needs of our staff and allows us to operate efficiently.
Gregory Seay, CMA, CPA profile photo

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
Financial Edge NXT5.5
Based on 1 answer
Still needs development to match the old client server version
Michael Downs profile photo

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
Financial Edge NXT8.2
Based on 2 answers
Quick, responsive. Keep us in the loop on where the case stands. Chat feature.
Michael Downs 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
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski profile photo
Financial Edge NXT6.4
Based on 1 answer
From an IT perspective, read up on the user setup integrated with the DB View
Michael Downs profile photo

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 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
Financial Edge NXT is easier to use and more appropriate for an organization of our size. FE NXT is also more intuitive.
No photo available

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

  • The most positive impact has been on time. While it took some time to get things set up correctly, once we did, we were able to report results very quickly.
  • The budgeting process has gone much more quickly.
  • What-if scenarios are a little trickier. There are multiple ways you can do it. We have chosen to use assumptions for percentages and then copy the original version to a "what-if" version and change the assumption it is pointing to. However, this is a bit clunky.
  • Month-end reporting is getting faster and faster the more we automate through Adaptive.
Amy Kee, CPA profile photo
  • Yet to be determined.
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

Financial Edge NXT

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required
Additional Pricing Details

Financial Edge NXT More Information