What users are saying about

Adaptive Insights

Top Rated
204 Ratings

FreshBooks

Top Rated
120 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

FreshBooks

Top Rated
120 Ratings
Score 8.4 out of 101

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Likelihood to Recommend

Adaptive Insights

Adaptive is great if you want to create many what- if scenarios when budgeting and forecasting. Staffing scenarios has been particularly helpful for our HR department when analyze staff needs for future years and analyzing open and unfilled positions over a certain time frame.

Every so often Adaptive's response time when in the system has been slow but Adaptive has rolled out the Elastic Hypercube to take care of that issue.
Gary Grzesiak profile photo

FreshBooks

FreshBooks is the perfect tool for businesses who have hundreds of clients and customers whom they invoice regularly. It removes the need to manually send invoices to clients and customers, by streamlining inputted information to create an automated invoicing system which keeps clients and customers up to date with their bills.It is also a great tool for managing expenses, especially for companies with different teams working on varying projects, ensuring these teams do not exceed the budget ceiling.
Sandra Ikegwuonu profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
FreshBooks
Long-term financial planning
Adaptive Insights
8.9
FreshBooks
Financial budgeting
Adaptive Insights
8.9
FreshBooks
Forecasting
Adaptive Insights
9.1
FreshBooks
Scenario modeling
Adaptive Insights
8.3
FreshBooks
Management reporting
Adaptive Insights
8.2
FreshBooks

Consolidation and Close

Adaptive Insights
7.5
FreshBooks
Financial data consolidation
Adaptive Insights
7.9
FreshBooks
Journal entries and reports
Adaptive Insights
5.5
FreshBooks
Multi-currency management
Adaptive Insights
7.7
FreshBooks
Intercompany Eliminations
Adaptive Insights
7.5
FreshBooks
Minority Ownership
Adaptive Insights
7.0
FreshBooks
Local and consolidated reporting
Adaptive Insights
8.3
FreshBooks
Detailed Audit Trails
Adaptive Insights
8.6
FreshBooks

FInancial Reporting and Compliance

Adaptive Insights
8.3
FreshBooks
Financial Statement Reporting
Adaptive Insights
9.0
FreshBooks
Management Reporting
Adaptive Insights
8.6
FreshBooks
Excel-based Reporting
Adaptive Insights
8.5
FreshBooks
Automated board and financial reporting
Adaptive Insights
8.5
FreshBooks
XBRL support for regulatory filing
Adaptive Insights
6.9
FreshBooks

Analytics

Adaptive Insights
7.6
FreshBooks
Personalized dashboards
Adaptive Insights
7.3
FreshBooks
Color-coded scorecards
Adaptive Insights
6.8
FreshBooks
KPIs
Adaptive Insights
8.0
FreshBooks
Cost and profitability analysis
Adaptive Insights
8.1
FreshBooks
Key Performance Indicator setting
Adaptive Insights
8.1
FreshBooks
Benchmarking with external data
Adaptive Insights
7.3
FreshBooks

Integration

Adaptive Insights
8.6
FreshBooks
Flat file integration
Adaptive Insights
8.4
FreshBooks
Excel data integration
Adaptive Insights
8.8
FreshBooks
Direct links to 3rd-party data sources
Adaptive Insights
8.7
FreshBooks

Customization

Adaptive Insights
FreshBooks
6.7
API for custom integration
Adaptive Insights
FreshBooks
6.7
Plug-ins
Adaptive Insights
FreshBooks
6.7

Security

Adaptive Insights
FreshBooks
8.9
Single sign-on capability
Adaptive Insights
FreshBooks
10.0
Role-based user permissions
Adaptive Insights
FreshBooks
7.8

Reporting & Analytics

Adaptive Insights
FreshBooks
6.8
Dashboards
Adaptive Insights
FreshBooks
7.8
Standard reports
Adaptive Insights
FreshBooks
7.8
Custom reports
Adaptive Insights
FreshBooks
4.8

General Ledger and Configurable Accounting

Adaptive Insights
FreshBooks
7.8
Accounts payable
Adaptive Insights
FreshBooks
8.5
Accounts receivable
Adaptive Insights
FreshBooks
8.5
Cash management
Adaptive Insights
FreshBooks
7.0
Bank reconciliation
Adaptive Insights
FreshBooks
7.0
Expense management
Adaptive Insights
FreshBooks
7.5
Time tracking
Adaptive Insights
FreshBooks
8.2
Multi-currency support
Adaptive Insights
FreshBooks
7.0
Regulations compliance
Adaptive Insights
FreshBooks
7.9
Self-service portal
Adaptive Insights
FreshBooks
9.1

Order Management

Adaptive Insights
FreshBooks
8.3
Pricing
Adaptive Insights
FreshBooks
7.2
Order entry
Adaptive Insights
FreshBooks
7.8
Credit card processing
Adaptive Insights
FreshBooks
8.4
Cost of goods sold
Adaptive Insights
FreshBooks
10.0

Accounting Firm BPO Features

Adaptive Insights
FreshBooks
7.4
Branded client dashboards
Adaptive Insights
FreshBooks
5.0
Configurable alerts
Adaptive Insights
FreshBooks
7.9
Client template cloning
Adaptive Insights
FreshBooks
8.5
Single sign-on
Adaptive Insights
FreshBooks
8.3

Pros

  • Allows assumptions to be created for fringes, taxes, capital etc. We are now able to push these type of expenses to individual departments as opposed to a single department. Gives us true costs for each department.
  • The flexibility in revising and creating new sheets allows our organization to modify our budget/forecast approach without much downtime. Also, we can make these modifications internally . No need to hire consultants to complete these tasks.
  • Adaptive Insights is an easy to use/understand tool for end-users. Our users typically struggle with new systems but the Adaptive roll-out was very smooth with very little end-user angst.
Gary Grzesiak profile photo
  • FreshBooks is pretty intuitive to use. I did have some questions when I first started using the system, but it wasn't a long learning curve.
  • FreshBooks provides more capability than other billing applications such as PaySimple or BlinkSale. FreshBooks does provide an easy invoicing function. It's easy to create invoices that can be sent via email or snail mail to one or more individuals (for example, the decision-maker and the accounting dept). Clients can pay online or send a check and then I note that the payment has been received. If paid by credit card, the system automatically marks the invoice paid. Your business accounts such as bank accounts can be linked to FreshBooks. Then, the system can automatically draw in expenses and will create simple P&L reports, overdue invoices, client history, etc. If you don't have inventory and complex payroll, etc. FreshBooks provides just the right level of capability to make financial tracking simple.
  • FreshBooks integrates with a number of credit card companies. I use Stripe, which has fees similar to Paypal, but much more reliable processing. I can accept all credit cards, including American Express, for a reasonable fee.
Kathleen Allardyce profile photo

Cons

  • 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
  • Maybe, manual entry should be easier
  • Editing different rates for services on continuous invoices is very complicated.
  • The system doesn't keep an automatic numeration for the invoices, so it is necessary to keep it manually.
Yemsi Pino 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
FreshBooks6.6
Based on 18 answers
FreshBooks is a large part of my client base. I'm not going anywhere. How else can I direct a client, screen by screen, eyes closed?
Shamese Shular, CB, QBPA 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
FreshBooks8.0
Based on 7 answers
It's a fantastic app, and it's very easy to use. I will admit, I don't use it so much anymore however because I already have great systems in place and I also don't like the limit on clients for the lite cost. I feel at $15/mo you should be able to manage more clients than 5. I don't use as many as 50 clients a month, but I certainly manage more than 5 as a freelancer.But overall, the usability is easy and I'd recommend it to people who don't already know how to manage their books.
Mandy Cramer 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
FreshBooks10.0
Based on 2 answers
FreshBooks is easy to use and always works!
Matt Franko profile photo

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
FreshBooks8.0
Based on 1 answer
No answer on this topic is available.

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
FreshBooks7.0
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 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
Implementing the software was easy, and utilizing the implementer should be used for best practices and reviewing plan structures, etc.
Andrew Rosenberg profile photo
FreshBooks10.0
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

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

To be honest - Host Analytics seemed relatively similar to Adaptive. However, Adaptive was our number one choice because:- The Adaptive suite looked a lot better. It seemed smarter and "sharper" and the data visualisation was better.- The people from Adaptive throughout the selection process were more helpful and insightful. This was confirmed throughout the implementation where we had really excellent service and help from Adaptive.
Andy Clifton profile photo
The software we selected is because the learning curve is very kind. Once we draw the way we manage our business, we understand we have to make some changes in order to adjust to the new software. This software allows us to reflect every aspect of the business, costs and income, every one of them detailed. The software allows us to let technical people manage their own time and prepare products and send tickets to the administration department to send invoices, focusing on the geographical job. This also allows us to manage the whole business and to know each other as a small business to run.
Yemsi Pino profile photo

Rating for Public Practice CPAs

No score
No answers yet
No answers on this topic
FreshBooks7.0
Based on 1 answer
A good software just not as familiar as QuickBooks Online
Brent Bement, CPA profile photo

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

  • 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
  • Not having good accounting functionality and reporting,
  • People can pay me quickly and easily.
Amara Omoregie 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
Adaptive Insights Editions & Modules
Adaptive Insights
Additional Pricing Details

Adaptive Insights More Information

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

FreshBooks More Information