What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Paychex Accounting Online

25 Ratings
Score 6.1 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

Paychex Accounting Online

I think Paychex Online payroll can be an asset for nearly any employer, especially if there have been improvements to allow employee access and data storage. Many employees prefer to be paperless and would rather access paystubs, W-2s, etc. online and/or via email. It'd also be great for employees to be able to make healthcare, 401k, etc., selections online and/or review selections made previously or in a different venue.
Teresa McLaughlin profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

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

Consolidation and Close

Adaptive Insights
7.5
Paychex Accounting Online
Financial data consolidation
Adaptive Insights
7.9
Paychex Accounting Online
Journal entries and reports
Adaptive Insights
5.5
Paychex Accounting Online
Multi-currency management
Adaptive Insights
7.7
Paychex Accounting Online
Intercompany Eliminations
Adaptive Insights
7.5
Paychex Accounting Online
Minority Ownership
Adaptive Insights
7.0
Paychex Accounting Online
Local and consolidated reporting
Adaptive Insights
8.3
Paychex Accounting Online
Detailed Audit Trails
Adaptive Insights
8.6
Paychex Accounting Online

FInancial Reporting and Compliance

Adaptive Insights
8.3
Paychex Accounting Online
Financial Statement Reporting
Adaptive Insights
9.0
Paychex Accounting Online
Management Reporting
Adaptive Insights
8.6
Paychex Accounting Online
Excel-based Reporting
Adaptive Insights
8.5
Paychex Accounting Online
Automated board and financial reporting
Adaptive Insights
8.5
Paychex Accounting Online
XBRL support for regulatory filing
Adaptive Insights
6.9
Paychex Accounting Online

Analytics

Adaptive Insights
7.6
Paychex Accounting Online
Personalized dashboards
Adaptive Insights
7.3
Paychex Accounting Online
Color-coded scorecards
Adaptive Insights
6.8
Paychex Accounting Online
KPIs
Adaptive Insights
8.0
Paychex Accounting Online
Cost and profitability analysis
Adaptive Insights
8.1
Paychex Accounting Online
Key Performance Indicator setting
Adaptive Insights
8.1
Paychex Accounting Online
Benchmarking with external data
Adaptive Insights
7.3
Paychex Accounting Online

Integration

Adaptive Insights
8.6
Paychex Accounting Online
Flat file integration
Adaptive Insights
8.4
Paychex Accounting Online
Excel data integration
Adaptive Insights
8.8
Paychex Accounting Online
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Paychex Accounting Online

Payroll Management

Adaptive Insights
Paychex Accounting Online
7.8
Pay calculation
Adaptive Insights
Paychex Accounting Online
8.0
Benefit plan administration
Adaptive Insights
Paychex Accounting Online
8.0
Direct deposit files
Adaptive Insights
Paychex Accounting Online
8.0
Salary revision and increment management
Adaptive Insights
Paychex Accounting Online
7.1
Reimbursement management
Adaptive Insights
Paychex Accounting Online
8.0

Customization

Adaptive Insights
Paychex Accounting Online
9.0
API for custom integration
Adaptive Insights
Paychex Accounting Online
9.0
Plug-ins
Adaptive Insights
Paychex Accounting Online
9.0

Security

Adaptive Insights
Paychex Accounting Online
7.5
Single sign-on capability
Adaptive Insights
Paychex Accounting Online
7.0
Role-based user permissions
Adaptive Insights
Paychex Accounting Online
8.0

Reporting & Analytics

Adaptive Insights
Paychex Accounting Online
7.3
Dashboards
Adaptive Insights
Paychex Accounting Online
6.0
Standard reports
Adaptive Insights
Paychex Accounting Online
8.0
Custom reports
Adaptive Insights
Paychex Accounting Online
8.0

General Ledger and Configurable Accounting

Adaptive Insights
Paychex Accounting Online
7.4
Accounts payable
Adaptive Insights
Paychex Accounting Online
7.0
Accounts receivable
Adaptive Insights
Paychex Accounting Online
7.0
Cash management
Adaptive Insights
Paychex Accounting Online
8.0
Bank reconciliation
Adaptive Insights
Paychex Accounting Online
8.0
Expense management
Adaptive Insights
Paychex Accounting Online
8.0
Time tracking
Adaptive Insights
Paychex Accounting Online
6.2
Fixed asset management
Adaptive Insights
Paychex Accounting Online
8.0
Multi-currency support
Adaptive Insights
Paychex Accounting Online
8.0
Multi-division support
Adaptive Insights
Paychex Accounting Online
4.4
Regulations compliance
Adaptive Insights
Paychex Accounting Online
8.0
Electronic tax filing
Adaptive Insights
Paychex Accounting Online
8.0
Self-service portal
Adaptive Insights
Paychex Accounting Online
8.0

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
  • Interactive dashboard
  • Double-entry accounting
  • Customizable Chart of Accounts
  • Standard financial reports: Balance Sheet, Profit and Loss, and Trial Balance
  • You can connect to the financial institutions where you have accounts and download transactions
Ginelle Cross, CPP profile photo

Cons

  • Model - It takes a little bit of time to get familiar with how the model works.
Denise Lewis profile photo
  • Can't assign invoices to categories like salesperson, division, or location, nor can your customers return a payment via credit card (there's no support for merchant accounts).
Ginelle Cross, CPP profile photo

Likelihood to Renew

Adaptive Insights8.5
Based on 32 answers
We're very happy with the service. We've reached our projects goals. The product is being continually improved.
Lee Hawthorn profile photo
Paychex Accounting Online10.0
Based on 1 answer
Had the company I worked for not gone out of business, it is likely they would have continued using this service.
Teresa McLaughlin 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
Paychex Accounting Online10.0
Based on 1 answer
The software was very user friendly. Menus were intuitive so that even with minimal training I found what I was looking for with minimal effort
Teresa McLaughlin profile photo

Reliability and Availability

Adaptive Insights9.1
Based on 9 answers
Cloud-based allows for access anywhere. Very little downtime.
Andrew Rosenberg 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
Paychex Accounting Online9.5
Based on 2 answers
The system was very intuitive and user friendly so there wasn't a lot of need to call support, but when necessary, the representatives were knowledgeable and able to help quickly.
Teresa McLaughlin 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
Paychex Accounting Online10.0
Based on 1 answer
Implementation was very smooth. The most cumbersome task was entering the current employees into the system during initial set up, but Paychex staff handled most of that and verified against prior system reports as well as internal reports provided to ensure 100% accuracy.
Teresa McLaughlin 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

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
I like most reports that Paychex has but the Register Prior to Processing is a good tool to use to check the payroll before you transmit your payroll to Paychex. I also like the Employee Check Listing to use to make sure all New Hires and any Employees Updates are entered correctly.Oh, I really, really like that Paychex does not have Batches like other outsourced Payrolls have. It cuts your payroll entries by half the time it take when you have Batches.
Yvetta Clark 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
  • The most positive impact Paychex has is their Customer Service. I LOVE Paychex Customer Service. Enough said.
  • Paychex's IT Department is on point.
Yvetta Clark 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

Paychex Accounting Online

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

Paychex Accounting Online More Information