What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Questica Budget

2 Ratings
Score 7.6 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

Questica Budget

[PowerPlan is well suited for] Any Utility who handles their own Fixed Asset Accounting and Reporting. There are very few specialized solutions in this space that can handle this out of the box. Core functionality and support with PowerPlan are excellent. If you have a firm or service that handles a portion or the majority of your Fixed Asset Accounting and Reporting than this solution is overkill and costly for what you need. There may be other options also if you have a robust internal technology team that is comfortable developing another major fixed asset solution into what you need. Cloud Hosting is also not available at this time and will likely be several releases out and be a major redesign (unstable) at first.
Ryan Payne profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

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

Consolidation and Close

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

FInancial Reporting and Compliance

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

Analytics

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

Integration

Adaptive Insights
8.6
Questica Budget
Flat file integration
Adaptive Insights
8.4
Questica Budget
Excel data integration
Adaptive Insights
8.8
Questica Budget
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Questica Budget

Pros

  • I love how easy it is to track software and general amortizations in Adaptive. The software has been an issue with my past employers, but it flows very easily here in Adaptive.
  • We also use Adaptive's OfficeConnect for easy reporting. It has helped us automate our reporting as we work with internal departments. We have the reports built, and the software and can refresh all of them simultaneously, reducing generation time and giving us more time for analysis.
  • We are building out more operational metrics now. We are starting to track sales opportunities across different business segments to see the correlation between spending activities and opportunity generation. This helps us set better targets in the future. This paired with OfficeConnect also makes it very easy to track and report on operational metrics in addition to financial metrics.
Mark McConkie profile photo
  • Allow the use of retirement units for unitization out of the box.
  • Align with Ferc Account and Reporting Standards
  • Provide Dashboards that can be configured for different users or groups
  • Functions well in a Project Centric Accounting Environment.
Ryan Payne profile photo

Cons

  • When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section.
  • Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation.
  • You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.
Brian Kyslinger profile photo
  • The backend technology is dated and requires specialized skills or PowerPlan assistance to develop on.
  • UI is also outdated and not as visually appealing as users are now accustomed to.
  • Reporting is basic in functionality and appearance.
Ryan Payne 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
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
Building complex reports is still difficult to do when using dimension or level attributes. Formulas are still a challenge.
Daniel Killpack profile photo
No score
No answers yet
No answers on this topic

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 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

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
Oracle Financials (E-Business Suite) is a very Robust ERP solution that has better integration, reporting and functionality than PowerPlan. It also operates on a more Robust Technology Stack. The Fixed Assets Module is a great solution but lacks support for Utility Specific features and functionality, so much so that we chose PowerPlan to take over this specific functionality while still utilizing Oracle for the Majority of our Project and other Accounting Functions.
Ryan Payne 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

  • We've completely eliminated Excel in the budget cycle. I no longer have to consolidate 90 spreadsheets to get the organizational budget. Last minute changes are saved in Adaptive. With the audit feature, I can know who made what change and whether or not it was approved at the top level.
  • KPI dashboards have lowered expenses as users have real-time information on their expense ratio for major events. We've been able to lower costs, increase gross revenue and net revenue all at the same time.
Daniel Killpack profile photo
  • Better Fixed Asset Reporting to Provide to Rate Commissions.
  • Allowed us to embark on a major Unitization initiative and re-design of our retirement catalog.
  • Focus the Support team on other technologies due to the stable nature and good vendor support.
Ryan Payne 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

Questica Budget

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

Questica Budget More Information