What users are saying about

Adaptive Insights

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Top Rated
205 Ratings
25 Ratings

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101
25 Ratings
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Score 6.4 out of 101

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Likelihood to Recommend

Adaptive Insights

It is well suited for mid-size companies to have a budgeting, forecasting, and reporting platform. The system needs data and someone to maintain it so it would not be well suited for a small company or one without a dedicated finance team.
Brian Kyslinger profile photo

MYOB

For a smaller business who isn't interested in having more than one user I think MYOB can serve them well. But if they want multiple users or are using virtual assistants there are better cloud based apps that are much more affordable and have far greater enhancements as well as integrations
Stephen Lalla profile photo

Feature Rating Comparison

BI Standard Reporting

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

Ad-hoc Reporting

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

Report Output and Scheduling

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

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

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

Consolidation and Close

Adaptive Insights
7.5
MYOB
Financial data consolidation
Adaptive Insights
7.9
MYOB
Journal entries and reports
Adaptive Insights
5.6
MYOB
Multi-currency management
Adaptive Insights
7.6
MYOB
Intercompany Eliminations
Adaptive Insights
7.5
MYOB
Minority Ownership
Adaptive Insights
7.1
MYOB
Local and consolidated reporting
Adaptive Insights
8.3
MYOB
Detailed Audit Trails
Adaptive Insights
8.5
MYOB

FInancial Reporting and Compliance

Adaptive Insights
8.3
MYOB
Financial Statement Reporting
Adaptive Insights
9.0
MYOB
Management Reporting
Adaptive Insights
8.6
MYOB
Excel-based Reporting
Adaptive Insights
8.4
MYOB
Automated board and financial reporting
Adaptive Insights
8.5
MYOB
XBRL support for regulatory filing
Adaptive Insights
7.0
MYOB

Analytics

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

Integration

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

Payroll Management

Adaptive Insights
MYOB
1.4
Pay calculation
Adaptive Insights
MYOB
2.0
Benefit plan administration
Adaptive Insights
MYOB
1.0
Direct deposit files
Adaptive Insights
MYOB
1.0
Salary revision and increment management
Adaptive Insights
MYOB
1.0
Reimbursement management
Adaptive Insights
MYOB
2.0

Customization

Adaptive Insights
MYOB
4.5
API for custom integration
Adaptive Insights
MYOB
4.0
Plug-ins
Adaptive Insights
MYOB
5.0

Security

Adaptive Insights
MYOB
6.1
Single sign-on capability
Adaptive Insights
MYOB
6.4
Role-based user permissions
Adaptive Insights
MYOB
5.8

Reporting & Analytics

Adaptive Insights
MYOB
5.6
Dashboards
Adaptive Insights
MYOB
3.3
Standard reports
Adaptive Insights
MYOB
7.1
Custom reports
Adaptive Insights
MYOB
6.5

General Ledger and Configurable Accounting

Adaptive Insights
MYOB
4.5
Accounts payable
Adaptive Insights
MYOB
5.4
Accounts receivable
Adaptive Insights
MYOB
6.4
Cash management
Adaptive Insights
MYOB
5.4
Bank reconciliation
Adaptive Insights
MYOB
7.0
Expense management
Adaptive Insights
MYOB
7.4
Time tracking
Adaptive Insights
MYOB
1.0
Fixed asset management
Adaptive Insights
MYOB
5.5
Multi-currency support
Adaptive Insights
MYOB
1.0
Multi-division support
Adaptive Insights
MYOB
1.0
Regulations compliance
Adaptive Insights
MYOB
5.0
Electronic tax filing
Adaptive Insights
MYOB
5.0
Self-service portal
Adaptive Insights
MYOB
4.0

Inventory Management

Adaptive Insights
MYOB
1.5
Inventory tracking
Adaptive Insights
MYOB
3.0
Automatic reordering
Adaptive Insights
MYOB
1.0
Location management
Adaptive Insights
MYOB
1.0
Manufacturing module
Adaptive Insights
MYOB
1.0

Order Management

Adaptive Insights
MYOB
4.9
Pricing
Adaptive Insights
MYOB
6.1
Order entry
Adaptive Insights
MYOB
6.5
Credit card processing
Adaptive Insights
MYOB
1.0
Cost of goods sold
Adaptive Insights
MYOB
6.0

Accounting Firm BPO Features

Adaptive Insights
MYOB
3.5
Branded client dashboards
Adaptive Insights
MYOB
4.8
Client data roll-up capabilities
Adaptive Insights
MYOB
1.0
Client data consolidation for benchmarking
Adaptive Insights
MYOB
2.0
Configurable alerts
Adaptive Insights
MYOB
6.5
Billing bypass
Adaptive Insights
MYOB
3.0
Client template cloning
Adaptive Insights
MYOB
4.0
Single sign-on
Adaptive Insights
MYOB
6.1
Configurable client onboarding questions
Adaptive Insights
MYOB
4.0
Cross-client workflow management
Adaptive Insights
MYOB
3.0
Industry-specific versioning
Adaptive Insights
MYOB
3.0
Legacy system data migration
Adaptive Insights
MYOB
1.6

Pros

  • 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
  • Its clean
  • allows you to undo a reconciliation
  • easy to use
Kati Hesley profile photo

Cons

  • Model - It takes a little bit of time to get familiar with how the model works.
Denise Lewis profile photo
  • Allows the client to manipulate dates when that can screw up their books
  • constantly freezes which causes the file to be corrupt
  • force balances the balance sheet
Kati Hesley profile photo

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
MYOB9.5
Based on 2 answers
Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
Kati Hesley 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
MYOB10.0
Based on 1 answer
It is easy to use - I just don't agree with restrictions and functionality
Kati Hesley 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
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
MYOB1.0
Based on 1 answer
They aren't willing to help at all unless you pay
Kati Hesley 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
MYOB5.0
Based on 1 answer
No answer on this topic is available.

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
Not even close. Though I will say MYOB had a budget module where Zoho Books doesn't which is one thing severely lacking in Zoho Books. On the other hand, Zoho Books allows for payment processing integration without trying to get a cut from the process whereas MYOB allowed for payment processing but you had to go through their service only and it wasn't cheap.
Stephen Lalla 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
  • It was great when we first started using it but there was a time when MYOB stopped supporting payroll tax tables for Apple computers and so we made the switch.
  • While we were using it staying on top of all of the pesky accounting details was a breeze.
  • We were very detail oriented to begin with and had a thorough understanding of basic accounting principles but anyone without even basic knowledge can quickly set up MYOB and get running fairly quickly and provide detailed reports to their CPA or CFO consultant for a deeper analysis of their business.
Stephen Lalla 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
Additional Pricing Details

Adaptive Insights More Information

MYOB

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
Additional Pricing Details

MYOB More Information