What users are saying about
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Top Rated
214 Ratings
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131 Ratings

Adaptive Insights, a Workday company

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Top Rated
214 Ratings
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Score 8.6 out of 101

FreshBooks

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131 Ratings
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Score 8.4 out of 101

Likelihood to Recommend

Adaptive Insights, a Workday company

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

FreshBooks

We used Freshbooks as an alternate source of invoicing (we use Stripe for recurring billing) and it works well in this setup. It is not meant for invoicing for Software-as-a-Service products.
Soneeka Arora profile photo

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights, a Workday company
9.3
FreshBooks
Pixel Perfect reports
Adaptive Insights, a Workday company
9.0
FreshBooks
Customizable dashboards
Adaptive Insights, a Workday company
10.0
FreshBooks
Report Formatting Templates
Adaptive Insights, a Workday company
9.0
FreshBooks

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights, a Workday company
8.0
FreshBooks
Publish to PDF
Adaptive Insights, a Workday company
8.0
FreshBooks
Report Versioning
Adaptive Insights, a Workday company
8.0
FreshBooks
Report Delivery Scheduling
Adaptive Insights, a Workday company
8.0
FreshBooks

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights, a Workday company
8.5
FreshBooks
Long-term financial planning
Adaptive Insights, a Workday company
8.8
FreshBooks
Financial budgeting
Adaptive Insights, a Workday company
8.7
FreshBooks
Forecasting
Adaptive Insights, a Workday company
9.0
FreshBooks
Scenario modeling
Adaptive Insights, a Workday company
8.0
FreshBooks
Management reporting
Adaptive Insights, a Workday company
8.0
FreshBooks

Consolidation and Close

Adaptive Insights, a Workday company
7.5
FreshBooks
Financial data consolidation
Adaptive Insights, a Workday company
7.9
FreshBooks
Journal entries and reports
Adaptive Insights, a Workday company
5.7
FreshBooks
Multi-currency management
Adaptive Insights, a Workday company
7.4
FreshBooks
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
FreshBooks
Minority Ownership
Adaptive Insights, a Workday company
6.9
FreshBooks
Local and consolidated reporting
Adaptive Insights, a Workday company
8.2
FreshBooks
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
FreshBooks

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
8.1
FreshBooks
Financial Statement Reporting
Adaptive Insights, a Workday company
8.9
FreshBooks
Management Reporting
Adaptive Insights, a Workday company
8.4
FreshBooks
Excel-based Reporting
Adaptive Insights, a Workday company
8.2
FreshBooks
Automated board and financial reporting
Adaptive Insights, a Workday company
8.3
FreshBooks
XBRL support for regulatory filing
Adaptive Insights, a Workday company
6.8
FreshBooks

Analytics

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

Integration

Adaptive Insights, a Workday company
8.4
FreshBooks
Flat file integration
Adaptive Insights, a Workday company
8.1
FreshBooks
Excel data integration
Adaptive Insights, a Workday company
8.6
FreshBooks
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.6
FreshBooks

Customization

Adaptive Insights, a Workday company
FreshBooks
7.2
API for custom integration
Adaptive Insights, a Workday company
FreshBooks
7.1
Plug-ins
Adaptive Insights, a Workday company
FreshBooks
7.3

Security

Adaptive Insights, a Workday company
FreshBooks
9.0
Single sign-on capability
Adaptive Insights, a Workday company
FreshBooks
10.0
Role-based user permissions
Adaptive Insights, a Workday company
FreshBooks
8.1

Reporting & Analytics

Adaptive Insights, a Workday company
FreshBooks
6.9
Dashboards
Adaptive Insights, a Workday company
FreshBooks
7.9
Standard reports
Adaptive Insights, a Workday company
FreshBooks
8.0
Custom reports
Adaptive Insights, a Workday company
FreshBooks
4.8

General Ledger and Configurable Accounting

Adaptive Insights, a Workday company
FreshBooks
8.0
Accounts payable
Adaptive Insights, a Workday company
FreshBooks
8.9
Accounts receivable
Adaptive Insights, a Workday company
FreshBooks
8.7
Cash management
Adaptive Insights, a Workday company
FreshBooks
7.0
Bank reconciliation
Adaptive Insights, a Workday company
FreshBooks
7.0
Expense management
Adaptive Insights, a Workday company
FreshBooks
7.5
Time tracking
Adaptive Insights, a Workday company
FreshBooks
8.4
Multi-currency support
Adaptive Insights, a Workday company
FreshBooks
7.0
Regulations compliance
Adaptive Insights, a Workday company
FreshBooks
8.6
Self-service portal
Adaptive Insights, a Workday company
FreshBooks
9.1

Order Management

Adaptive Insights, a Workday company
FreshBooks
8.5
Pricing
Adaptive Insights, a Workday company
FreshBooks
7.3
Order entry
Adaptive Insights, a Workday company
FreshBooks
8.0
Credit card processing
Adaptive Insights, a Workday company
FreshBooks
8.6
Cost of goods sold
Adaptive Insights, a Workday company
FreshBooks
10.0

Accounting Firm BPO Features

Adaptive Insights, a Workday company
FreshBooks
7.6
Branded client dashboards
Adaptive Insights, a Workday company
FreshBooks
5.0
Configurable alerts
Adaptive Insights, a Workday company
FreshBooks
8.3
Client template cloning
Adaptive Insights, a Workday company
FreshBooks
8.4
Single sign-on
Adaptive Insights, a Workday company
FreshBooks
8.7

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

FreshBooks

  • Invoicing - FreshBooks basically ensures our accountants spend less time on invoices via its automated invoicing system, which sends invoices to our customers and clients alike and also send them regular reminders for them to pay up their bills.
  • Collecting business insights - FreshBooks enable our company analysts measure our business performances via data reports provided by FreshBooks' intuitive dashboard. Allowing us do a comparative analysis of key business metrics of a current month against past months and determine if the business is growing.
  • Expense tracker - We have recently embraced FreshBooks as an expense tracker for teams at our company branch. Thusfar, FreshBooks has performed very well, making our expense management a perfect operation; ensuring teams do not exceed their planned budget and also eliminating the need for tracking expenses on excel spreadsheets.
Sandra Ikegwuonu 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

FreshBooks

  • Can't really think of negatives.
Kathleen Allardyce 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

FreshBooks

FreshBooks 6.8
Based on 18 answers
High cost is the main reason. Lack of real accounting abilities is a secondary reason. We're moving to Xero.
Deryk Wenaus profile photo

Usability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.5
Based on 76 answers
The reports are exactly what we need however accessing it from the various sections is not as simple as it should be
Jessalyn Ka profile photo

FreshBooks

FreshBooks 8.0
Based on 7 answers
Well, it's pretty easy to get around and find what you're looking for. But certain things such as search and linking the company in the invoice would make it better
Deryk Wenaus 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

FreshBooks

FreshBooks 10.0
Based on 2 answers
FreshBooks is easy to use and always works!
Matt Franko profile photo

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

FreshBooks

FreshBooks 8.0
Based on 1 answer
No answer on this topic is available.

Support

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 6.8
Based on 11 answers
Support questions are always answered quickly.
Andrew Rosenberg profile photo

FreshBooks

FreshBooks 7.0
Based on 3 answers
I think that their online tools and resources are great and concise but would like it more if you knew what improvements were in the pipeline. There are a number of features or tweaks that I've seen suggested but I don't really know if anyone from FreshBooks is listening to them or if they're being worked on.
LaToya M. Davidson-Perez 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

FreshBooks

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
Implementing the software was easy, and utilizing the implementer should be used for best practices and reviewing plan structures, etc.
Andrew Rosenberg profile photo

FreshBooks

FreshBooks 10.0
Based on 1 answer
I haven't changed my mind since my first evaluation. Freshbooks is still meeting my needs, easy to use, etc.
Kathleen Allardyce profile photo

Alternatives Considered

Adaptive Insights, a Workday company

We did not go through a full-blown software selection process, nor have I used other products in the past. Previous to Adaptive, we used Management Reporter (formerly FRx, now part of Microsoft Dynamics GP) for our financial statements, and Excel for our budgeting. Adaptive is far superior to either of those.We pursued Adaptive mainly through word of mouth. When discussing the availability of products with other accounting professionals, it was clear Adaptive was becoming the industry leader for our company size. We had a demo of the product presented by them. Since we liked it so much, we decided to go with them even though we had not reviewed other products.
Jack Kersjes profile photo

FreshBooks

I'm still a little on the fence about whether or not I'll migrate over to Nutcache. It is very similar to FreshBooks but is completely and fully free. Plus there are no limits on the number of clients you can have or the number of companies. You really have to decide if you need the extra features of FreshBooks like recurring payments and importing expenses from your bank account because at present, Nutcache doesn't have those features.
LaToya M. Davidson-Perez profile photo

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

FreshBooks

No score
No answers yet
No answers on this topic

Return on Investment

Adaptive Insights, a Workday company

  • 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

FreshBooks

  • Helped us track and bill for our time better
  • Helped us track overdue invoices and get payments online
  • When we were small,our monthly fee was quite high. I've found this very frustrating and the main reason to move away.
Deryk Wenaus profile photo

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

Adaptive Insights, a Workday company Editions & Modules

Adaptive Insights, a Workday company
Additional Pricing Details

FreshBooks

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

FreshBooks Editions & Modules

FreshBooks
Edition
Lite
$15
Plus
$25
Premium
$50
Additional Pricing Details

Add comparison