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Top Rated
223 Ratings

Adaptive Insights, a Workday company

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Top Rated
223 Ratings
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Score 8.6 out of 101
90 Ratings
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Score 8.7 out of 101

Likelihood to Recommend

Adaptive Insights, a Workday company

Adaptive Insights is well-suited for accommodating different areas within the organization that have different cost drivers and/or have different allocation needs. The capability to design planning sheets using the lookup values offers flexibility that was difficult to produce with confidence in our other planning tool. Using dimensions and attributes within our organization's design, allows the ability to dissect data in different ways and report in more flexible formats to meet user needs. In addition, the OfficeConnect plug-in with Adaptive offers expanded Board reporting capabilities where Adaptive Reporting may come up short. The Discovery Dashboard provides quick visuals for C-Suite on demand.
Limin Kinsey, CPA, CFE 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, a Workday company
9.3
Financial Edge NXT
Pixel Perfect reports
Adaptive Insights, a Workday company
9.0
Financial Edge NXT
Customizable dashboards
Adaptive Insights, a Workday company
10.0
Financial Edge NXT
Report Formatting Templates
Adaptive Insights, a Workday company
9.0
Financial Edge NXT

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights, a Workday company
8.0
Financial Edge NXT
Publish to PDF
Adaptive Insights, a Workday company
8.0
Financial Edge NXT
Report Versioning
Adaptive Insights, a Workday company
8.0
Financial Edge NXT
Report Delivery Scheduling
Adaptive Insights, a Workday company
8.0
Financial Edge NXT

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights, a Workday company
8.2
Financial Edge NXT
Long-term financial planning
Adaptive Insights, a Workday company
8.3
Financial Edge NXT
Financial budgeting
Adaptive Insights, a Workday company
8.7
Financial Edge NXT
Forecasting
Adaptive Insights, a Workday company
8.9
Financial Edge NXT
Scenario modeling
Adaptive Insights, a Workday company
6.7
Financial Edge NXT
Management reporting
Adaptive Insights, a Workday company
8.4
Financial Edge NXT

Consolidation and Close

Adaptive Insights, a Workday company
7.5
Financial Edge NXT
Financial data consolidation
Adaptive Insights, a Workday company
8.0
Financial Edge NXT
Journal entries and reports
Adaptive Insights, a Workday company
5.9
Financial Edge NXT
Multi-currency management
Adaptive Insights, a Workday company
7.2
Financial Edge NXT
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
Financial Edge NXT
Minority Ownership
Adaptive Insights, a Workday company
7.4
Financial Edge NXT
Local and consolidated reporting
Adaptive Insights, a Workday company
8.1
Financial Edge NXT
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
Financial Edge NXT

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
7.7
Financial Edge NXT
Financial Statement Reporting
Adaptive Insights, a Workday company
8.8
Financial Edge NXT
Management Reporting
Adaptive Insights, a Workday company
8.5
Financial Edge NXT
Excel-based Reporting
Adaptive Insights, a Workday company
6.9
Financial Edge NXT
Automated board and financial reporting
Adaptive Insights, a Workday company
7.5
Financial Edge NXT
XBRL support for regulatory filing
Adaptive Insights, a Workday company
6.7
Financial Edge NXT

Analytics

Adaptive Insights, a Workday company
7.2
Financial Edge NXT
Personalized dashboards
Adaptive Insights, a Workday company
7.5
Financial Edge NXT
Color-coded scorecards
Adaptive Insights, a Workday company
6.4
Financial Edge NXT
KPIs
Adaptive Insights, a Workday company
7.3
Financial Edge NXT
Cost and profitability analysis
Adaptive Insights, a Workday company
8.2
Financial Edge NXT
Key Performance Indicator setting
Adaptive Insights, a Workday company
8.1
Financial Edge NXT
Benchmarking with external data
Adaptive Insights, a Workday company
5.8
Financial Edge NXT

Integration

Adaptive Insights, a Workday company
8.0
Financial Edge NXT
Flat file integration
Adaptive Insights, a Workday company
7.9
Financial Edge NXT
Excel data integration
Adaptive Insights, a Workday company
8.1
Financial Edge NXT
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.1
Financial Edge NXT

Payroll Management

Adaptive Insights, a Workday company
Financial Edge NXT
5.2
Pay calculation
Adaptive Insights, a Workday company
Financial Edge NXT
5.0
Direct deposit files
Adaptive Insights, a Workday company
Financial Edge NXT
5.2
Salary revision and increment management
Adaptive Insights, a Workday company
Financial Edge NXT
4.3
Reimbursement management
Adaptive Insights, a Workday company
Financial Edge NXT
6.2

Customization

Adaptive Insights, a Workday company
Financial Edge NXT
7.0
API for custom integration
Adaptive Insights, a Workday company
Financial Edge NXT
8.0
Plug-ins
Adaptive Insights, a Workday company
Financial Edge NXT
6.0

Security

Adaptive Insights, a Workday company
Financial Edge NXT
6.9
Single sign-on capability
Adaptive Insights, a Workday company
Financial Edge NXT
7.4
Role-based user permissions
Adaptive Insights, a Workday company
Financial Edge NXT
6.3

Reporting & Analytics

Adaptive Insights, a Workday company
Financial Edge NXT
6.8
Dashboards
Adaptive Insights, a Workday company
Financial Edge NXT
6.8
Standard reports
Adaptive Insights, a Workday company
Financial Edge NXT
6.9
Custom reports
Adaptive Insights, a Workday company
Financial Edge NXT
6.9

General Ledger and Configurable Accounting

Adaptive Insights, a Workday company
Financial Edge NXT
7.2
Accounts payable
Adaptive Insights, a Workday company
Financial Edge NXT
7.4
Accounts receivable
Adaptive Insights, a Workday company
Financial Edge NXT
6.7
Cash management
Adaptive Insights, a Workday company
Financial Edge NXT
7.2
Bank reconciliation
Adaptive Insights, a Workday company
Financial Edge NXT
7.1
Expense management
Adaptive Insights, a Workday company
Financial Edge NXT
7.3
Time tracking
Adaptive Insights, a Workday company
Financial Edge NXT
6.4
Fixed asset management
Adaptive Insights, a Workday company
Financial Edge NXT
7.4
Multi-currency support
Adaptive Insights, a Workday company
Financial Edge NXT
7.9
Multi-division support
Adaptive Insights, a Workday company
Financial Edge NXT
6.8
Regulations compliance
Adaptive Insights, a Workday company
Financial Edge NXT
7.7
Electronic tax filing
Adaptive Insights, a Workday company
Financial Edge NXT
5.6
Self-service portal
Adaptive Insights, a Workday company
Financial Edge NXT
8.3

Order Management

Adaptive Insights, a Workday company
Financial Edge NXT
4.2
Pricing
Adaptive Insights, a Workday company
Financial Edge NXT
6.2
Credit card processing
Adaptive Insights, a Workday company
Financial Edge NXT
4.8
Cost of goods sold
Adaptive Insights, a Workday company
Financial Edge NXT
1.5

Pros

Adaptive Insights, a Workday company

  • 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

Financial Edge NXT

  • 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

Adaptive Insights, a Workday company

  • 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

Financial Edge NXT

  • 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 Insights, a Workday company

Adaptive Insights, a Workday company 8.8
Based on 33 answers
The tools is powerful for planning and reporting purposes, but also very easy to use for non-financial end-users. Team members have expressed how happy they are with the application and the ability we've given them to make their work lives more efficient.
Brad MacDonald profile photo

Financial Edge NXT

Financial Edge NXT 7.8
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 Insights, a Workday company

Adaptive Insights, a Workday company 7.3
Based on 77 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak profile photo

Financial Edge NXT

Financial Edge NXT 5.5
Based on 1 answer
Still needs development to match the old client server version
Michael Downs profile photo

Reliability and Availability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
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

Financial Edge NXT

No score
No answers yet
No answers on this topic

Performance

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo

Financial Edge NXT

No score
No answers yet
No answers on this topic

Support

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.7
Based on 12 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 NXT

Financial Edge NXT 8.2
Based on 2 answers
I would prefer that we have full customer support for FE NXT but there was an additional charge for the ability to call support which we felt was not cost effective. When we have used chat and online support the response has been good and issues resolved in a timely manner.
Kathy Carroll profile photo

Online Training

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.2
Based on 6 answers
Online webinars provided by Adaptive Insights gave me the opportunity to explore more features in AI and perform my tasks more efficiently.
Lenny Wu, MBA, MA, CPA, CGA profile photo

Financial Edge NXT

No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.5
Based on 14 answers
Be open to working up the plan in a way that leverages the power of the software.

Look to maximise the knowledge transfer early on - the software is very usable. You'll be able to maintain it yourself rather than being hooked to the partner
Lee Hawthorn profile photo

Financial Edge NXT

Financial Edge NXT 6.4
Based on 1 answer
From an IT perspective, read up on the user setup integrated with the DB View
Michael Downs profile photo

Alternatives Considered

Adaptive Insights, a Workday company

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

Financial Edge NXT

I have used other products such as Banner at previous jobs. When I came to my current job, they already had Financial Edge in place. It was easy to learn and more user-friendly than Banner and other programs I had previously used. We converted to Financial Edge NXT shortly after I started working there. The advantages of Financial Edge NXT are a great benefit.
Tracy Spence profile photo

Scalability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 7 answers
Some aspects of the application are very scalable (formulae, metadata changes, adding/changing users, etc.) while others are less so (dashboards, data integration etc.)
Bob Katz, CMA, CFM, CFP® profile photo

Financial Edge NXT

No score
No answers yet
No answers on this topic

Return on Investment

Adaptive Insights, a Workday company

  • We use Adaptive Planning as our main budgeting software. Adaptive is always releasing new features to improve the functionality, and this makes working it is much more efficient.
  • Adaptive has many resources to help you use Adaptive. However, not many answers can be found on Google.
Samantha Monastra profile photo

Financial Edge NXT

  • Positive impact on our desire to 'modernize' (i.e. getting a system that looks and feels more contemporary than our previous accounting systems).
  • Generally positive impact in our ability to streamline or simplify some of our accounting processes that took longer in our previous accounting system.
  • Negative cost impact in that we pay much more for NXT than our old system. In retrospect it may not have been worth it to pay for 'NXT', and we might have just gone with the database view, as that is perfectly suitable. But admittedly I am not sure about the pricing difference.
No photo available

Pricing Details

Adaptive Insights, a Workday company

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

* per seat, per installation

Financial Edge NXT

General

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

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