What users are saying about

Adaptive Insights

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Top Rated
205 Ratings

FreshBooks

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Top Rated
124 Ratings

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101

FreshBooks

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Top Rated
124 Ratings
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Score 8.5 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

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
9.3
FreshBooks
Pixel Perfect reports
Adaptive Insights
9.0
FreshBooks
Customizable dashboards
Adaptive Insights
10.0
FreshBooks
Report Formatting Templates
Adaptive Insights
9.0
FreshBooks

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights
8.0
FreshBooks
Publish to PDF
Adaptive Insights
8.0
FreshBooks
Report Versioning
Adaptive Insights
8.0
FreshBooks
Report Delivery Scheduling
Adaptive Insights
8.0
FreshBooks

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights
8.6
FreshBooks
Long-term financial planning
Adaptive Insights
8.9
FreshBooks
Financial budgeting
Adaptive Insights
8.8
FreshBooks
Forecasting
Adaptive Insights
9.1
FreshBooks
Scenario modeling
Adaptive Insights
8.2
FreshBooks
Management reporting
Adaptive Insights
8.1
FreshBooks

Consolidation and Close

Adaptive Insights
7.5
FreshBooks
Financial data consolidation
Adaptive Insights
7.9
FreshBooks
Journal entries and reports
Adaptive Insights
5.6
FreshBooks
Multi-currency management
Adaptive Insights
7.6
FreshBooks
Intercompany Eliminations
Adaptive Insights
7.5
FreshBooks
Minority Ownership
Adaptive Insights
7.1
FreshBooks
Local and consolidated reporting
Adaptive Insights
8.3
FreshBooks
Detailed Audit Trails
Adaptive Insights
8.5
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
8.4
FreshBooks
Automated board and financial reporting
Adaptive Insights
8.5
FreshBooks
XBRL support for regulatory filing
Adaptive Insights
7.0
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
8.0
FreshBooks
Key Performance Indicator setting
Adaptive Insights
8.0
FreshBooks
Benchmarking with external data
Adaptive Insights
7.3
FreshBooks

Integration

Adaptive Insights
8.6
FreshBooks
Flat file integration
Adaptive Insights
8.3
FreshBooks
Excel data integration
Adaptive Insights
8.7
FreshBooks
Direct links to 3rd-party data sources
Adaptive Insights
8.7
FreshBooks

Customization

Adaptive Insights
FreshBooks
7.0
API for custom integration
Adaptive Insights
FreshBooks
7.0
Plug-ins
Adaptive Insights
FreshBooks
7.0

Security

Adaptive Insights
FreshBooks
9.0
Single sign-on capability
Adaptive Insights
FreshBooks
10.0
Role-based user permissions
Adaptive Insights
FreshBooks
8.0

Reporting & Analytics

Adaptive Insights
FreshBooks
6.9
Dashboards
Adaptive Insights
FreshBooks
7.9
Standard reports
Adaptive Insights
FreshBooks
7.9
Custom reports
Adaptive Insights
FreshBooks
4.8

General Ledger and Configurable Accounting

Adaptive Insights
FreshBooks
7.9
Accounts payable
Adaptive Insights
FreshBooks
8.7
Accounts receivable
Adaptive Insights
FreshBooks
8.6
Cash management
Adaptive Insights
FreshBooks
7.0
Bank reconciliation
Adaptive Insights
FreshBooks
7.0
Expense management
Adaptive Insights
FreshBooks
7.6
Time tracking
Adaptive Insights
FreshBooks
8.3
Multi-currency support
Adaptive Insights
FreshBooks
7.0
Regulations compliance
Adaptive Insights
FreshBooks
8.1
Self-service portal
Adaptive Insights
FreshBooks
9.1

Order Management

Adaptive Insights
FreshBooks
8.5
Pricing
Adaptive Insights
FreshBooks
7.4
Order entry
Adaptive Insights
FreshBooks
7.9
Credit card processing
Adaptive Insights
FreshBooks
8.6
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
8.0
Client template cloning
Adaptive Insights
FreshBooks
8.2
Single sign-on
Adaptive Insights
FreshBooks
8.4

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
  • It is easy to create the clients and invoices.
  • It is easy to see the status of each invoice, along with the aging on each invoice.
  • It creates easy to use reports that can be shared if required.
Soneeka Arora profile photo

Cons

  • The in-house consultants who originally set up Adaptive were poor listeners - and as a result built a model that didn't work for my organization. I had to hire an outside consulting firm with more experience with nonprofits to redo my model. I lost about 1 year of usefulness as a result.
  • Mastering attributes for reporting takes time. The system can do many things, but not without lots of time and effort. I ended up hiring a consultant to build initial reports I needed. I'm comfortable enough now to edit and update, but still have some hesitancy building new reports. One difficulty I have is not knowing the impact a single change, such as the name of a field, can have on everything else associated with that named field or dimension or attribute. It would be nice to have a map showing the links between everything.
Daniel Killpack profile photo
  • Having bank feeds imported straight into the system like Xero does
  • Balance sheet is a bit cumbersome as it doesn't update figures automatically based on sales activity
  • Templated emails should have a quick warning before they are applied to the invoices
Stan Zaslavsky ★ 3D Visuals for Projects profile photo

Likelihood to Renew

Adaptive Insights8.6
Based on 32 answers
At this point we have set up our reporting to integrate with Adaptive. We have spent some non-recurring money to set up and populate the system. Switching at this point would only be an option if we were unhappy with the decision. This might seem like I am side-stepping the issue but I think an important point is being made. Whatever system you decide to go with, changing later is costly and unproductive. We chose Adaptive and have absolutely no regrets. We are currently at a crossroads here at Teachscape and are looking at several different potential options. If we were still relying on a 20 to 40 sheet Excel workbook with thousands of links and formulas, I don't think I would be able to sleep at night. Adaptive gives me a greater level of comfort.
Michael Bright profile photo
FreshBooks6.6
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 Insights7.7
Based on 75 answers
Fairly easy to get trained on the system and how to build models. Within 3 days of hands-on training, we build out robust capacity models on our own. Reports and dashboards are drag and drop to create.
Meghan Gardiner, CPA, CA profile photo
FreshBooks8.0
Based on 7 answers
It is simple and very intuitive.
Soneeka Arora 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


Implementation was very easy and fast. The ability to
customize Levels and Dimensions to match our Organization’s structure and
accounting practices is great. Our organization is continually changing and
adaptive has the ability to be changed without issue.

Rose Sipin 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

We previously only used Excel for budgeting and reporting. We now use Adaptive for all budgeting and use an add-on product called Office Connect to build reports that automate our data each month. We find the Office Connect reporting a little more user-friendly than the in-house reporting feature.
Amy Kee, CPA 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
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
It is very simple to update data, both monthly actuals and budgeting data, using an Excel template or the connector.
Robin Webber 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

  • The main benefit for YBCA so far has been to reduce the amount of time the finance staff (and department directors) spend on the budgeting and forecasting process, and to reduce the number of errors (which were so easy to make in Excel!).
  • Getting our Department Directors more direct access to their financial information has allowed them to use more up-to-date financial information when making decisions. Having the department directors do quarterly forecasts in Adaptive has eliminated "surprises" that may have come at year-end and have shown them more clearly the need for mid-year course corrections.
  • In general, Department Directors feel that they are receiving better customer service from the Finance Team because they don't have to bother us with requests for their financial data any more.
Claire SunSpiral profile photo
  • The amount of time I save billing clients is substantial. It takes minutes to create an invoice — something I can't say for other platforms.
  • I also always know which accounts are pending payment and can see the total amount that is due and when. Makes it very easy for automated follow-up and reminders.
Asia Matos 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