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Top Rated
215 Ratings

Adaptive Insights, a Workday company

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Top Rated
215 Ratings
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Score 8.7 out of 101
89 Ratings
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Score 8.4 out of 101

Likelihood to Recommend

Adaptive Insights, a Workday company

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

Financial Edge NXT

Financial Edge NXT is very well suited for the school environment.
Pamela Wittmayer 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
8.5
Financial Edge NXT
Long-term financial planning
Adaptive Insights, a Workday company
8.8
Financial Edge NXT
Financial budgeting
Adaptive Insights, a Workday company
8.7
Financial Edge NXT
Forecasting
Adaptive Insights, a Workday company
9.0
Financial Edge NXT
Scenario modeling
Adaptive Insights, a Workday company
8.0
Financial Edge NXT
Management reporting
Adaptive Insights, a Workday company
8.0
Financial Edge NXT

Consolidation and Close

Adaptive Insights, a Workday company
7.5
Financial Edge NXT
Financial data consolidation
Adaptive Insights, a Workday company
7.9
Financial Edge NXT
Journal entries and reports
Adaptive Insights, a Workday company
5.7
Financial Edge NXT
Multi-currency management
Adaptive Insights, a Workday company
7.4
Financial Edge NXT
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
Financial Edge NXT
Minority Ownership
Adaptive Insights, a Workday company
6.9
Financial Edge NXT
Local and consolidated reporting
Adaptive Insights, a Workday company
8.2
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
8.1
Financial Edge NXT
Financial Statement Reporting
Adaptive Insights, a Workday company
8.9
Financial Edge NXT
Management Reporting
Adaptive Insights, a Workday company
8.4
Financial Edge NXT
Excel-based Reporting
Adaptive Insights, a Workday company
8.2
Financial Edge NXT
Automated board and financial reporting
Adaptive Insights, a Workday company
8.3
Financial Edge NXT
XBRL support for regulatory filing
Adaptive Insights, a Workday company
6.8
Financial Edge NXT

Analytics

Adaptive Insights, a Workday company
7.5
Financial Edge NXT
Personalized dashboards
Adaptive Insights, a Workday company
7.3
Financial Edge NXT
Color-coded scorecards
Adaptive Insights, a Workday company
6.8
Financial Edge NXT
KPIs
Adaptive Insights, a Workday company
7.8
Financial Edge NXT
Cost and profitability analysis
Adaptive Insights, a Workday company
7.9
Financial Edge NXT
Key Performance Indicator setting
Adaptive Insights, a Workday company
7.8
Financial Edge NXT
Benchmarking with external data
Adaptive Insights, a Workday company
7.3
Financial Edge NXT

Integration

Adaptive Insights, a Workday company
8.4
Financial Edge NXT
Flat file integration
Adaptive Insights, a Workday company
8.1
Financial Edge NXT
Excel data integration
Adaptive Insights, a Workday company
8.6
Financial Edge NXT
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.6
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
4.4
Reimbursement management
Adaptive Insights, a Workday company
Financial Edge NXT
6.2

Customization

Adaptive Insights, a Workday company
Financial Edge NXT
6.7
API for custom integration
Adaptive Insights, a Workday company
Financial Edge NXT
7.9
Plug-ins
Adaptive Insights, a Workday company
Financial Edge NXT
5.5

Security

Adaptive Insights, a Workday company
Financial Edge NXT
6.9
Single sign-on capability
Adaptive Insights, a Workday company
Financial Edge NXT
7.2
Role-based user permissions
Adaptive Insights, a Workday company
Financial Edge NXT
6.6

Reporting & Analytics

Adaptive Insights, a Workday company
Financial Edge NXT
6.7
Dashboards
Adaptive Insights, a Workday company
Financial Edge NXT
6.8
Standard reports
Adaptive Insights, a Workday company
Financial Edge NXT
6.7
Custom reports
Adaptive Insights, a Workday company
Financial Edge NXT
6.6

General Ledger and Configurable Accounting

Adaptive Insights, a Workday company
Financial Edge NXT
7.0
Accounts payable
Adaptive Insights, a Workday company
Financial Edge NXT
7.2
Accounts receivable
Adaptive Insights, a Workday company
Financial Edge NXT
6.2
Cash management
Adaptive Insights, a Workday company
Financial Edge NXT
6.9
Bank reconciliation
Adaptive Insights, a Workday company
Financial Edge NXT
7.0
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
7.0
Multi-currency support
Adaptive Insights, a Workday company
Financial Edge NXT
7.9
Multi-division support
Adaptive Insights, a Workday company
Financial Edge NXT
6.9
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
8.1

Order Management

Adaptive Insights, a Workday company
Financial Edge NXT
4.5
Pricing
Adaptive Insights, a Workday company
Financial Edge NXT
5.7
Credit card processing
Adaptive Insights, a Workday company
Financial Edge NXT
6.0
Cost of goods sold
Adaptive Insights, a Workday company
Financial Edge NXT
1.8

Pros

Adaptive Insights, a Workday company

  • 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

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

  • The format of reports when downloaded to Excel or PowerPoint could use improvement.
  • Would be nice if you could inactivate GL accounts when they are no longer being used.
  • Suppress rows functionality when set by the administrator to default to suppress if not data doesn't always seem to work.
Gary Grzesiak profile photo

Financial Edge NXT

  • At this time it doesn’t distribute negative entries to the correct project when there are multiple projects. This becomes a problem when you are trying to use a credit for one project but expenses invoice to a different project.
  • The edit feature for imported journal entries is more difficult than in Financial Edge.
  • The timeout feature logs you out too quickly.
Tracy Spence profile photo

Likelihood to Renew

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.6
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 NXT

Financial Edge NXT 8.0
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 7.5
Based on 76 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
It's never been out of action when we've needed to use it.
Lee Hawthorn 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 6.8
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 NXT

Financial Edge NXT 8.2
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 Insights, a Workday company

Adaptive Insights, a Workday company 8.2
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

Financial Edge NXT

No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.2
Based on 13 answers
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski profile photo

Financial Edge 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

Adaptive blows away Hyperion from an ease of use, functionality and performance standpoint. The reason we selected Adaptive initially was the flexibility of the tool (sheets), going from manual forecasts to a web based tool and being able to build assumptions into our budget and forecasting processes. Also, the cost of Adaptive licenses provided significant savings when compared to the annual fees that we paid Oracle for use and support of their system.
Gary Grzesiak profile photo

Financial Edge NXT

Totally different. SAP is much better, but we don't need anything so powerful for our industry
No photo available

Scalability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo

Financial Edge NXT

No score
No answers yet
No answers on this topic

Return on Investment

Adaptive Insights, a Workday company

  • Budget and forecast cycles have been reduced due to the ease of data input by our end-users. We used to allow user a month to input annual budget data and we can now complete this process in two and a half weeks.
  • Forecasts used to be completed using Excel by our 17 divisions. Adaptive has allowed for us to complete the forecast process using the Adaptive tool which allows us to consolidate our forecasts immediately versus a manual process.
  • Month-end reporting used to take us 5 days to complete our package prior to using Adaptive. Our organization can now finalize our reporting in no more than 3 days due many of the reports coming straight from Adaptive.
Gary Grzesiak profile photo

Financial Edge NXT

  • It's helped us speed up month-end closing.
  • It's provided good internal control features.
  • It's improved our Accounts Payable invoice processing.
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
1.  per seat, per installation
Additional Pricing Details

Financial Edge NXT

General

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

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