What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Financial Edge NXT

Top Rated
88 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Financial Edge NXT

Top Rated
88 Ratings
Score 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 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

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
Financial Edge NXT
Long-term financial planning
Adaptive Insights
8.9
Financial Edge NXT
Financial budgeting
Adaptive Insights
8.9
Financial Edge NXT
Forecasting
Adaptive Insights
9.1
Financial Edge NXT
Scenario modeling
Adaptive Insights
8.3
Financial Edge NXT
Management reporting
Adaptive Insights
8.2
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
5.5
Financial Edge NXT
Multi-currency management
Adaptive Insights
7.7
Financial Edge NXT
Intercompany Eliminations
Adaptive Insights
7.5
Financial Edge NXT
Minority Ownership
Adaptive Insights
7.0
Financial Edge NXT
Local and consolidated reporting
Adaptive Insights
8.3
Financial Edge NXT
Detailed Audit Trails
Adaptive Insights
8.6
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
8.5
Financial Edge NXT
Automated board and financial reporting
Adaptive Insights
8.5
Financial Edge NXT
XBRL support for regulatory filing
Adaptive Insights
6.9
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
8.1
Financial Edge NXT
Key Performance Indicator setting
Adaptive Insights
8.1
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
8.4
Financial Edge NXT
Excel data integration
Adaptive Insights
8.8
Financial Edge NXT
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Financial Edge NXT

Payroll Management

Adaptive Insights
Financial Edge NXT
5.5
Pay calculation
Adaptive Insights
Financial Edge NXT
5.4
Direct deposit files
Adaptive Insights
Financial Edge NXT
5.5
Salary revision and increment management
Adaptive Insights
Financial Edge NXT
4.8
Reimbursement management
Adaptive Insights
Financial Edge NXT
6.3

Customization

Adaptive Insights
Financial Edge NXT
6.8
API for custom integration
Adaptive Insights
Financial Edge NXT
7.9
Plug-ins
Adaptive Insights
Financial Edge NXT
5.7

Security

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

Reporting & Analytics

Adaptive Insights
Financial Edge NXT
6.7
Dashboards
Adaptive Insights
Financial Edge NXT
6.9
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
7.0
Accounts receivable
Adaptive Insights
Financial Edge NXT
6.3
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
7.5
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
7.7
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
5.8
Self-service portal
Adaptive Insights
Financial Edge NXT
7.9

Order Management

Adaptive Insights
Financial Edge NXT
5.2
Pricing
Adaptive Insights
Financial Edge NXT
5.7
Credit card processing
Adaptive Insights
Financial Edge NXT
6.7
Cost of goods sold
Adaptive Insights
Financial Edge NXT
3.3

Pros

  • I love how easy it is to track software and general amortizations in Adaptive. The software has been an issue with my past employers, but it flows very easily here in Adaptive.
  • We also use Adaptive's OfficeConnect for easy reporting. It has helped us automate our reporting as we work with internal departments. We have the reports built, and the software and can refresh all of them simultaneously, reducing generation time and giving us more time for analysis.
  • We are building out more operational metrics now. We are starting to track sales opportunities across different business segments to see the correlation between spending activities and opportunity generation. This helps us set better targets in the future. This paired with OfficeConnect also makes it very easy to track and report on operational metrics in addition to financial metrics.
Mark McConkie profile photo
  • Vendor activity look up
  • Output of reports to Excel
  • Fund register activity
  • Ability to export queries to Excel
Cindy Sheeks 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
  • Better integration with PaperSave
  • Export all activity to Excel
  • Purchase Orders
Cindy Sheeks 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
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
Adaptive Insights is incredibly easy to use! OfficeConnect makes creating and updating financial reports a breeze!
Denise Lewis 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
We can access Adaptive anytime 24/7 from any computer or laptop pc or Mac. They are committed to keep this product up to date and relevant
Harry Vasels 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

For us, it came down to Adaptive Insights and Host Analytics. The benefits seemed very comparable. We ultimately decided on Adaptive Insights because it cost less to implement and the time to implement was less compared to Host Analytics. We are VERY happy with our decision to go with Adaptive Insights.
Denise Lewis profile photo
We did not evaluate another software, that I am aware of.
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

  • Month-end reporting: It's hard to say how much time Adaptive Insights has provided, but I can say we no longer have formula errors in Excel reports and refreshing financial statements every month only takes a couple of clicks.
  • Budgeting/forecasting: We have saved a tremendous amount of time in our budgeting cycle. After importing a budget in Adaptive Insights and setting up the model with formulas, we are able to copy the most recent budget version into the next budget version and review. Being able to budget in Adaptive Insights also removes the possibility of formula and linking errors that come with Excel.
Denise Lewis profile photo
  • signed a multi-year agreement in Oct 2016... As of Dec 2017, FE NXT conversion has not yet happened...
Marie Roake 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 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