What users are saying about

Adaptive Insights

Top Rated
204 Ratings

MYOB

25 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

MYOB

25 Ratings
Score 6.4 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

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

Budgeting, Planning, and Forecasting

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

Consolidation and Close

Adaptive Insights
7.5
MYOB
Financial data consolidation
Adaptive Insights
7.9
MYOB
Journal entries and reports
Adaptive Insights
5.5
MYOB
Multi-currency management
Adaptive Insights
7.7
MYOB
Intercompany Eliminations
Adaptive Insights
7.5
MYOB
Minority Ownership
Adaptive Insights
7.0
MYOB
Local and consolidated reporting
Adaptive Insights
8.3
MYOB
Detailed Audit Trails
Adaptive Insights
8.6
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
8.5
MYOB
Automated board and financial reporting
Adaptive Insights
8.5
MYOB
XBRL support for regulatory filing
Adaptive Insights
6.9
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
8.1
MYOB
Key Performance Indicator setting
Adaptive Insights
8.1
MYOB
Benchmarking with external data
Adaptive Insights
7.3
MYOB

Integration

Adaptive Insights
8.6
MYOB
Flat file integration
Adaptive Insights
8.4
MYOB
Excel data integration
Adaptive Insights
8.8
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
5.7

Reporting & Analytics

Adaptive Insights
MYOB
5.6
Dashboards
Adaptive Insights
MYOB
3.2
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
6.3
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
4.7
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

  • 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
  • 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 Insights8.5
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
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

For us, it came down to Adaptive Insights and Host Analytics. The benefits seemed very comparable. We ultimately decided on Adaptive Insights because it cost less to implement and the time to implement was less compared to Host Analytics. We are VERY happy with our decision to go with Adaptive Insights.
Denise Lewis profile photo
It was selected only because it works with MAC. I prefer Thomson Reuter softwares. Software like QuickBooks and MYOB allows uneducated clients to manipulate their numbers when they shouldn't. This makes more work for everyone.
Kati Hesley 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
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

  • Adaptive offers plenty of flexibility with what-if scenario modeling. It's very easy to save different versions of the plan/forecast and to control access rights to the versions. It's possible to hide versions from all users or to set them as read only.
  • Adaptive makes month end variance analysis very straightforward. Comparing actuals with budget/forecast is quite simple and efficient. It's easy to do a high-level comparison and then to do a deep dive where needed. Also, the budget managers can perform their own reviews simultaneously.
  • We've been using the software for 5 years and our budget/forecast cycles change all of the time. Adaptive offers the flexibility needed to create rolling forecasts that extend out several years. However, I wish that it was easier to roll forward historical results into future periods - there's a mix of actual/budget data that gets rolled forward and there's a lot of editing required to arrive at a baseline budget.
Jennifer Summitt profile photo
  • A software doesn't have any impact on ROI
Kati Hesley 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