What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Quantrix

13 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Quantrix

13 Ratings
Score 8.9 out of 101

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Likelihood to Recommend

Adaptive Insights

We are a medium-sized holding company, and Adaptive Insights has worked tremendously well for us! We do not currently use it to consolidate our business units, but we plan on exploring that soon. If you find yourself spending numerous hours creating financial statements and budgeting in Excel, then Adaptive Insights may be for you! It saves us an exponential amount of time in variance analysis, refreshing financial statements, and budgeting.
Denise Lewis profile photo

Quantrix

Quantrix Modeler is one of the most appropriate software tools for developing dynamic financial planning models in small teams composed by skilled power users. There is an also Enterprise version supporting larger user bases and stronger integration with company backend systems.It's not advisable to put Quantrix desktop application in the hands of non-skilled staff since the learning curve is much steeper than what's the typical experience with spreadsheets. Adding a table with ad hoc simple calculations can be done by anyone in a spreadsheet, but requires knowledgeable design in a Quantrix model. On the positive side, experience with students in our classes shows that with focused training an user can be become productive in a relatively short time.There is a web version of Quantrix Modeler, Qloud, that is aimed to end users that only modify input data and consume model results, without the possibility of changing the model logic (structure and formulas)
Luca Erzegovesi profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
Quantrix
8.6
Long-term financial planning
Adaptive Insights
8.9
Quantrix
9.1
Financial budgeting
Adaptive Insights
8.9
Quantrix
9.0
Forecasting
Adaptive Insights
9.1
Quantrix
8.4
Scenario modeling
Adaptive Insights
8.3
Quantrix
8.3
Management reporting
Adaptive Insights
8.2
Quantrix
8.2

Consolidation and Close

Adaptive Insights
7.5
Quantrix
8.0
Financial data consolidation
Adaptive Insights
7.9
Quantrix
8.3
Journal entries and reports
Adaptive Insights
5.5
Quantrix
Multi-currency management
Adaptive Insights
7.7
Quantrix
8.4
Intercompany Eliminations
Adaptive Insights
7.5
Quantrix
Minority Ownership
Adaptive Insights
7.0
Quantrix
8.0
Local and consolidated reporting
Adaptive Insights
8.3
Quantrix
8.7
Detailed Audit Trails
Adaptive Insights
8.6
Quantrix
6.7

FInancial Reporting and Compliance

Adaptive Insights
8.3
Quantrix
7.9
Financial Statement Reporting
Adaptive Insights
9.0
Quantrix
8.3
Management Reporting
Adaptive Insights
8.6
Quantrix
7.9
Excel-based Reporting
Adaptive Insights
8.5
Quantrix
Automated board and financial reporting
Adaptive Insights
8.5
Quantrix
7.4
XBRL support for regulatory filing
Adaptive Insights
6.9
Quantrix

Analytics

Adaptive Insights
7.6
Quantrix
7.2
Personalized dashboards
Adaptive Insights
7.3
Quantrix
7.7
Color-coded scorecards
Adaptive Insights
6.8
Quantrix
6.4
KPIs
Adaptive Insights
8.0
Quantrix
6.8
Cost and profitability analysis
Adaptive Insights
8.1
Quantrix
7.9
Key Performance Indicator setting
Adaptive Insights
8.1
Quantrix
7.2
Benchmarking with external data
Adaptive Insights
7.3
Quantrix
7.0

Integration

Adaptive Insights
8.6
Quantrix
6.6
Flat file integration
Adaptive Insights
8.4
Quantrix
7.8
Excel data integration
Adaptive Insights
8.8
Quantrix
5.5
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Quantrix
6.5

Pros

  • Adaptive Insights has so many good resources and easy filtering capabilities with active searching. When you go to a section of Adaptive Insights, you will see filters at the top of the page. As you change them, the contents of the page change to suit what you're looking for. This makes it easy to find the resources you need!
  • As previously mentioned, the FP&A Glossary is a great feature due to its concise definition of many common terms in FP&A.
  • I have not had much experience with the eBooks section of Adaptive Insights, but there are is a wide variety of topics to explore, such as rolling forecasts, and best practices for controllers.
Samantha Monastra profile photo
  • Building complex financial planning model availing of a multidimensional data structure coupled with a powerful formula language, with the immediacy and intuitiveness typical of spreadsheets
  • Implement quickly model modifications (new products, new scenarios, new time periods) simply adding new "items" to "categories" (corresponding to dimensions in a multidimensional data model)
  • Scale up models to very large datasets with very fast computation times
  • Easily import data from text files, other Quantrix models and external databases via DataLink and DataNAV
  • Save snapshots of tables computed in Quantrix to external databases via DataPush
Luca Erzegovesi profile photo

Cons

  • There is always room for improvement with speed. Many users are used to Excel which has instant results when you change a formula. Although it is just a couple seconds to refresh, this can deter some users.
  • Having a feature to highlight a cell in a cube or modeled sheet would be helpful. People use this all the time in Excel to draw attention to a particular data point.
Justin Wade profile photo
  • Hard to be critical of the Quantrix team as I know they strive to produce the best product possible. I suppose the next thing on my wish list would be the application of the new Solver functionality to be available in the Qloud.
  • A big help for new users would be a good book on transitioning from Excel or other environment into Quantrix. I know first hand it can be difficult to transition when having to learn the program through a help guide, forums and tech support. I had a lot of trial and error in my journey to producing the desired models. On one hand it was a valuable method as it taught me a lot of what not to do, but I will admit it was not the most efficient way to do things.
  • Would also love to see local user groups being formed at some point in the future. Quantrix puts on a fantastic conference once a year in beautiful Maine, but it is a big journey for someone in Southern California (and limited to one or two days a year). I would like to see some local chapters formed in different areas of the country so local Quantrix users can get together more often and collaborate (maybe a quarterly or semi-annual meetup?). Our Quantrix community is still relatively small and may be a difficult task for some areas, but is also the very reason why this would be great idea.
Jason Klinghoffer, CFA profile photo

Likelihood to Renew

Adaptive Insights8.5
Based on 32 answers
Our company is upgrading our SAP system this year and exploring one of the SAP reporting modules, but I don't think it will affect our renewal of Adaptive, especially since I know they are going to roll out an Office integration tool later this year.
Chris Snelling, CFA profile photo
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
On one hand the system is intuitive, runs at a fast processing speed and well organized.On the other hand there are several functionalities (mentioned previously) that hinder smooth navigation and proper organization.
Doug Schrock profile photo
Quantrix8.2
Based on 1 answer
For a newbie it can be difficult until you get the hang of the system. Quantrix is a very logical system, once you understand its underlying ideas.
Franz Schumacher 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
No score
No answers yet
No answers on this topic

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
Although having a set of spreadsheet and workbooks helps to define the logic and processes, preparing a requirements document is also an important element in a successful implementation. In addition, dedicating a knowledgeable user as part of the "Scrum" development allows focus and permits the implementation to proceed without time loss and promotes knowledge transfer. Finally, having an onsite developer speeds the process and can reduce the overall cost as well.
Bob Katz, CMA, CFM, CFP® 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 had meetings with several industry leaders and Adaptive was our choice in the end. We liked IBM and also liked Host Analytics for different reasons. In the end it was the combination of cloud, Excel add-in, Office Connect, Discovery, and cost that would ultimately end up with Adaptive. I've used a few similar BI products and it has become my tool of preference. One of the best things about Adaptive is that they are committed to being the best, and to do that they must evolve and enhance the products different modules, I have seen many updates while using the product and I can say that they are making impressive enhancements on a regular basis. I'm very excited to see where they will be in another year.
W. Stephens profile photo
Price of Quantrix is way lower than Anaplan and basically, do the same.
Robert Langenhuizen 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

  • The use of Adaptive Insights gave us the ability create and analysis planning and forecasting
  • The use of Adaptive Insights provided budget managers a faster and easier way for planning and forecasting
  • The use of Adaptive Insights gave us and our budget managers the ability to drill down on actual expenses
Rose Sipin profile photo
  • Created a lot of clarity
Robert Langenhuizen 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

Quantrix

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Additional Pricing Details
Quantrix Modeler is licensed on a per user subscription basis.

Quantrix More Information