What users are saying about

Adaptive Insights

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Top Rated
205 Ratings

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101
47 Ratings
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Score 8.5 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

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

BI Standard Reporting

Adaptive Insights
9.3
IBM Planning Analytics
Pixel Perfect reports
Adaptive Insights
9.0
IBM Planning Analytics
Customizable dashboards
Adaptive Insights
10.0
IBM Planning Analytics
Report Formatting Templates
Adaptive Insights
9.0
IBM Planning Analytics

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights
8.0
IBM Planning Analytics
Publish to PDF
Adaptive Insights
8.0
IBM Planning Analytics
Report Versioning
Adaptive Insights
8.0
IBM Planning Analytics
Report Delivery Scheduling
Adaptive Insights
8.0
IBM Planning Analytics

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights
8.6
IBM Planning Analytics
10.0
Long-term financial planning
Adaptive Insights
8.9
IBM Planning Analytics
10.0
Financial budgeting
Adaptive Insights
8.8
IBM Planning Analytics
10.0
Forecasting
Adaptive Insights
9.1
IBM Planning Analytics
10.0
Scenario modeling
Adaptive Insights
8.2
IBM Planning Analytics
10.0
Management reporting
Adaptive Insights
8.1
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
5.6
IBM Planning Analytics
8.0
Multi-currency management
Adaptive Insights
7.6
IBM Planning Analytics
10.0
Intercompany Eliminations
Adaptive Insights
7.5
IBM Planning Analytics
10.0
Minority Ownership
Adaptive Insights
7.1
IBM Planning Analytics
8.0
Local and consolidated reporting
Adaptive Insights
8.3
IBM Planning Analytics
10.0
Detailed Audit Trails
Adaptive Insights
8.5
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
8.4
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
7.0
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
8.0
IBM Planning Analytics
10.0
Key Performance Indicator setting
Adaptive Insights
8.0
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
8.3
IBM Planning Analytics
10.0
Excel data integration
Adaptive Insights
8.7
IBM Planning Analytics
10.0
Direct links to 3rd-party data sources
Adaptive Insights
8.7
IBM Planning Analytics
10.0

Pros

  • Financial Reporting - Building financial statements in OfficeConnect is a breeze! They are quick and easy to update on a monthly basis! The HTML reporting within Adaptive Insights is also particularly useful for department and adhoc reports!
  • Budgeting/Forecasting - Being able to budget/forecast within Adaptive Insights has significantly cut down on the time it takes to budget by utilizing formulas and assumptions within the model! We reforecast quarterly, and with Adaptive Insights, it's painless when compared to the Excel forecasting we did previously.
  • Cash Flow Statement - Creating this for the annual audit was painful before Adaptive Insights! Now, it's a simple export from Adaptive Insights.
  • Dashboards - The dashboards that can be created are endless and provide valuable insight for our executives in real-time!
Denise Lewis profile photo
  • Cognos TM1 is great for planning, both workforce and financial, as it allows for complex hierarchies to be built and maintained via automated routines and simple scripts.
  • Cognos TM1 ability to directly connect to an external system and extract data allows you to roll your own ETL processes and keep the bottleneck (that is IT) out of your financial consolidation project.
  • Cognos TM1 has the ability to be both cloud based and fully on-premise which is of great for institutions that are cloud adverse and want an alternative Adaptive Analytics.
No photo available

Cons

  • Model - It takes a little bit of time to get familiar with how the model works.
Denise Lewis profile photo
  • TM1 web has bugs in formatting.
  • No text editor provided for Rules.
  • Not able to compare multiple user sand boxes for planning analysis.
No photo available

Likelihood to Renew

Adaptive Insights8.6
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
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
Adaptive Insights is incredibly easy to use! OfficeConnect makes creating and updating financial reports a breeze!
Denise Lewis 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 questions are always answered quickly.
Andrew Rosenberg 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
Implementing the software was easy, and utilizing the implementer should be used for best practices and reviewing plan structures, etc.
Andrew Rosenberg 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

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
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
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
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

  • Adaptive provides for good forecasting based on revenue and expenditure.
  • The ability to pull different month-end reporting is a great feature.
  • The ability to share access across 11 offices statewide is very beneficial.
Jessalyn Ka 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