What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

IBM Planning Analytics

47 Ratings
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

IBM Planning Analytics

Cognos TM1's ability to store and provide fast access financial data both on-premise and in the cloud makes it a great asset during month-end or year-end closing. The speed at which it can be updated and reflect GL changes for reporting makes it well suited for PL and BL reporting. For example, when it comes budgeting season and your FI application is getting hammered a speedy application makes your user base happy. However, Cognos TM1 is not well suited for reporting when you have to store a lot of granular data, think retail transaction level stuff, as Cognos TM1 is an OLAP data structure rather than relational.
No photo available

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
IBM Planning Analytics
10.0
Long-term financial planning
Adaptive Insights
8.9
IBM Planning Analytics
10.0
Financial budgeting
Adaptive Insights
8.9
IBM Planning Analytics
10.0
Forecasting
Adaptive Insights
9.1
IBM Planning Analytics
10.0
Scenario modeling
Adaptive Insights
8.3
IBM Planning Analytics
10.0
Management reporting
Adaptive Insights
8.2
IBM Planning Analytics
10.0

Consolidation and Close

Adaptive Insights
7.5
IBM Planning Analytics
9.0
Financial data consolidation
Adaptive Insights
7.9
IBM Planning Analytics
10.0
Journal entries and reports
Adaptive Insights
5.5
IBM Planning Analytics
8.0
Multi-currency management
Adaptive Insights
7.7
IBM Planning Analytics
10.0
Intercompany Eliminations
Adaptive Insights
7.5
IBM Planning Analytics
10.0
Minority Ownership
Adaptive Insights
7.0
IBM Planning Analytics
8.0
Local and consolidated reporting
Adaptive Insights
8.3
IBM Planning Analytics
10.0
Detailed Audit Trails
Adaptive Insights
8.6
IBM Planning Analytics
7.0

FInancial Reporting and Compliance

Adaptive Insights
8.3
IBM Planning Analytics
9.4
Financial Statement Reporting
Adaptive Insights
9.0
IBM Planning Analytics
10.0
Management Reporting
Adaptive Insights
8.6
IBM Planning Analytics
10.0
Excel-based Reporting
Adaptive Insights
8.5
IBM Planning Analytics
10.0
Automated board and financial reporting
Adaptive Insights
8.5
IBM Planning Analytics
10.0
XBRL support for regulatory filing
Adaptive Insights
6.9
IBM Planning Analytics
7.3

Analytics

Adaptive Insights
7.6
IBM Planning Analytics
10.0
Personalized dashboards
Adaptive Insights
7.3
IBM Planning Analytics
10.0
Color-coded scorecards
Adaptive Insights
6.8
IBM Planning Analytics
10.0
KPIs
Adaptive Insights
8.0
IBM Planning Analytics
10.0
Cost and profitability analysis
Adaptive Insights
8.1
IBM Planning Analytics
10.0
Key Performance Indicator setting
Adaptive Insights
8.1
IBM Planning Analytics
10.0
Benchmarking with external data
Adaptive Insights
7.3
IBM Planning Analytics
10.0

Integration

Adaptive Insights
8.6
IBM Planning Analytics
10.0
Flat file integration
Adaptive Insights
8.4
IBM Planning Analytics
10.0
Excel data integration
Adaptive Insights
8.8
IBM Planning Analytics
10.0
Direct links to 3rd-party data sources
Adaptive Insights
8.7
IBM Planning Analytics
10.0

Pros

  • 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
  • Flexible OLAP engine that can report on multiple data dimensions.
  • Ability to perform what if analysis using on the fly calculation speed.
  • Can handle large amounts of data and report on various views within cubes.
No photo available

Cons

  • It can get cumbersome to have separate sheets for all prepaid expenses. The software works out very neatly - but creating a new sheet for each prepaid expense can be difficult. Because of this, I feel like forecasting is less based on actual plans, and more based on gut feelings, and trends rather than actual plans.
  • I wish OfficeConnect could pull individual lines rather than just aggregated data. The example that I'm trying to work on now is that I would like to pull personnel information from OfficeConnect (mainly pulling lists of employees, or open positions). I don't know how to do that currently. I can pull aggregated data and show totals - but I can't see the individual lines that make up that total within OfficeConnect.
Mark McConkie profile photo
  • The memory and core management of Cognos TM1 could be improved to make system administrators happier.
  • It could be cheaper on PVU basis or licenses could be more flexible to the needs of finance.
  • The user community for Cognos TM1 is not lead by IBM, but instead the users/developers themselves. I think IBM could improve this somewhat by organizing things a bit better.
No photo available

Likelihood to Renew

Adaptive Insights8.5
Based on 32 answers
Intuitive and Easy to MaintainThe Adaptive Suite is a very reliable Corporate Performance Management Solution. The solution is very easy to.use and provides timely, quality reporting. We have used the solution continuously for six years and been very pleased with the ongoing enhancements. Beyond our own positive experience we support many clients across commerce, industry and government. Nearly all our supported customers provide very positive feedback and continue to renew their subscriptions.
Greg Clarke profile photo
IBM Planning Analytics10.0
Based on 1 answer
This is a planning developer's dream. You feel like you're given a blank canvas with all the right tools to make it an artwork. It is the future of business application development.
David Chen profile photo

Usability

Adaptive Insights7.7
Based on 75 answers
I think that it is very intuitive and once you get to know the system it is very user-friendly.The reporting module is especially impressive with the drag and drop reporting - our business really loves this.The system looks modern and "smart" and I never hesitate to show it off to stakeholders across the business.Some of the "back end" formula set up can sometimes involve lots of heavy lifting as a power user.
Andy Clifton profile photo
IBM Planning Analytics9.0
Based on 1 answer
The application is easy to install and to develop with. Your super users have the ability to manage the data and the user logins without IT help.
No photo available

Reliability and Availability

Adaptive Insights9.1
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
No score
No answers yet
No answers on this topic

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
No score
No answers yet
No answers on this topic

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
IBM Planning Analytics8.0
Based on 1 answer
There are good support people in Ottawa, but having access to the development team and a TAM make the support. Without that access I don't think IBM Support would be as highly rated.
No photo available

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
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski profile photo
No score
No answers yet
No answers on this topic

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

My decision came down to Adaptive vs Host Analytics. Host made the claim that because their sheets were just like excel, you wouldn't need to learn any new commands. Rather, I thought that was a downside. I didn't want another glorified version of excel, I was looking for something different, something new. Adaptive had that. They were also far more willing to work with a nonprofit and become a partner, rather than just a vendor.
Daniel Killpack profile photo
Cognos TM1's ability to store and provide fast access financial data both on-premise and in the cloud makes it a great fit in a company with a small FI team. Compared to Adaptive Insights the management of Cognos TM1 is simpler and for most financial consolidation projects a full-time application administrator is not required as power users can do most things without intervention.
No photo available

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
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

  • Cycle time for processing financial statements, budgets, and forecasts are greatly reduced.
  • Visibility of company metrics and drivers has been increased across the company.
  • The ease and ability to quickly create multiple forecasts using different scenarios is now available.
Jack Kersjes profile photo
  • The company saw positive ROI of around $100K during the first quarter following the implementation of Cognos TM1.
  • The flexibility of Cognos TM1 to meet the complex planning needs of a customer allowed the implementation to be headache-free.
  • Cognos TM1's use of Excel helped the finance department get onboard and pick things up quickly. This accelerated user adoption and lessened the need for paid training.
  • Cognos TM1's development language is script based so anyone familiar with VBA for Excel for data processing/transformation can adapt and pick things up quickly.
No photo available

Screenshots

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
Additional Pricing Details

Adaptive Insights More Information

IBM Planning Analytics

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

IBM Planning Analytics More Information