What users are saying about

Adaptive Insights

Top Rated
204 Ratings

QuickBooks Premier

Top Rated
234 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

QuickBooks Premier

Top Rated
234 Ratings
Score 8.3 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

QuickBooks Premier

QuickBooks Premier is not well suited to manufacturing industries, as it cannot handle the complicated inventory requirements of raw materials, work in process, and finished goods. Retailers and Wholesalers can use QuickBooks Premier as long as they have an add-on inventory tracking program or Point of Sale system that integrates with QuickBooks. Likewise, restaurants would need specialized restaurant software that integrates with QuickBooks Premier. Non-profits can use QuickBooks Premier non-profit edition, but if they use fund accounting, it will require some complicated work-arounds. QuickBooks Premier is well-suited to most construction trades, personal and professional services providers, small retailers, and rental property owners.
No photo available

Feature Rating Comparison

Budgeting, Planning, and Forecasting

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

Consolidation and Close

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

FInancial Reporting and Compliance

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

Analytics

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

Integration

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

Payroll Management

Adaptive Insights
QuickBooks Premier
8.1
Pay calculation
Adaptive Insights
QuickBooks Premier
9.0
Benefit plan administration
Adaptive Insights
QuickBooks Premier
7.0
Direct deposit files
Adaptive Insights
QuickBooks Premier
9.4
Salary revision and increment management
Adaptive Insights
QuickBooks Premier
7.5
Reimbursement management
Adaptive Insights
QuickBooks Premier
7.5

Customization

Adaptive Insights
QuickBooks Premier
7.3
API for custom integration
Adaptive Insights
QuickBooks Premier
7.3
Plug-ins
Adaptive Insights
QuickBooks Premier
7.3

Security

Adaptive Insights
QuickBooks Premier
8.8
Single sign-on capability
Adaptive Insights
QuickBooks Premier
8.6
Role-based user permissions
Adaptive Insights
QuickBooks Premier
9.0

Reporting & Analytics

Adaptive Insights
QuickBooks Premier
8.5
Dashboards
Adaptive Insights
QuickBooks Premier
8.7
Standard reports
Adaptive Insights
QuickBooks Premier
8.6
Custom reports
Adaptive Insights
QuickBooks Premier
8.3

General Ledger and Configurable Accounting

Adaptive Insights
QuickBooks Premier
7.9
Accounts payable
Adaptive Insights
QuickBooks Premier
9.2
Accounts receivable
Adaptive Insights
QuickBooks Premier
9.2
Cash management
Adaptive Insights
QuickBooks Premier
8.6
Bank reconciliation
Adaptive Insights
QuickBooks Premier
9.3
Expense management
Adaptive Insights
QuickBooks Premier
9.1
Time tracking
Adaptive Insights
QuickBooks Premier
8.0
Fixed asset management
Adaptive Insights
QuickBooks Premier
8.2
Multi-currency support
Adaptive Insights
QuickBooks Premier
8.7
Multi-division support
Adaptive Insights
QuickBooks Premier
6.8
Regulations compliance
Adaptive Insights
QuickBooks Premier
4.0
Electronic tax filing
Adaptive Insights
QuickBooks Premier
9.2
Self-service portal
Adaptive Insights
QuickBooks Premier
7.5
Global Financial Support
Adaptive Insights
QuickBooks Premier
5.0
Primary and Secondary Ledgers
Adaptive Insights
QuickBooks Premier
7.4
Intercompany Accounting
Adaptive Insights
QuickBooks Premier
8.4
Localizations
Adaptive Insights
QuickBooks Premier
5.0
Journals and Reconciliations
Adaptive Insights
QuickBooks Premier
8.7
Enterprise Accounting
Adaptive Insights
QuickBooks Premier
9.0
Configurable Accounting
Adaptive Insights
QuickBooks Premier
8.2
Centralized Rules Framework
Adaptive Insights
QuickBooks Premier
6.5
Standardized Processes
Adaptive Insights
QuickBooks Premier
9.3

Inventory Management

Adaptive Insights
QuickBooks Premier
6.6
Inventory tracking
Adaptive Insights
QuickBooks Premier
8.0
Automatic reordering
Adaptive Insights
QuickBooks Premier
4.3
Location management
Adaptive Insights
QuickBooks Premier
9.0
Manufacturing module
Adaptive Insights
QuickBooks Premier
5.0

Order Management

Adaptive Insights
QuickBooks Premier
9.5
Pricing
Adaptive Insights
QuickBooks Premier
9.5
Order entry
Adaptive Insights
QuickBooks Premier
9.5
Credit card processing
Adaptive Insights
QuickBooks Premier
8.5
Cost of goods sold
Adaptive Insights
QuickBooks Premier
9.3
Order Orchestration
Adaptive Insights
QuickBooks Premier
10.0
End-to-end order visibility
Adaptive Insights
QuickBooks Premier
10.0

Accounting Firm BPO Features

Adaptive Insights
QuickBooks Premier
5.7
Branded client dashboards
Adaptive Insights
QuickBooks Premier
7.5
Client data roll-up capabilities
Adaptive Insights
QuickBooks Premier
5.0
Client data consolidation for benchmarking
Adaptive Insights
QuickBooks Premier
5.0
Configurable alerts
Adaptive Insights
QuickBooks Premier
5.0
Billing bypass
Adaptive Insights
QuickBooks Premier
5.0
Client template cloning
Adaptive Insights
QuickBooks Premier
5.0
Single sign-on
Adaptive Insights
QuickBooks Premier
7.5
Configurable client onboarding questions
Adaptive Insights
QuickBooks Premier
5.0
Cross-client workflow management
Adaptive Insights
QuickBooks Premier
5.0
Industry-specific versioning
Adaptive Insights
QuickBooks Premier
7.5
Legacy system data migration
Adaptive Insights
QuickBooks Premier
5.0

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
  • Allows accountant's copy or portable file transfer so the accountant can work in the file while the client continues to use it. Files can easily be shared through secure Intuit server, email, or secure file transfer such as Dropbox.
  • Offers relatively easy payroll calculations within the software that clients can manage on their own.
  • Using bank feeds and downloads speeds up the monthly accounting process or entering large amounts of data at once.
Kimberly Galland profile photo

Cons

  • The in-house consultants who originally set up Adaptive were poor listeners - and as a result built a model that didn't work for my organization. I had to hire an outside consulting firm with more experience with nonprofits to redo my model. I lost about 1 year of usefulness as a result.
  • Mastering attributes for reporting takes time. The system can do many things, but not without lots of time and effort. I ended up hiring a consultant to build initial reports I needed. I'm comfortable enough now to edit and update, but still have some hesitancy building new reports. One difficulty I have is not knowing the impact a single change, such as the name of a field, can have on everything else associated with that named field or dimension or attribute. It would be nice to have a map showing the links between everything.
Daniel Killpack profile photo
  • Inventory feature is very poor and not designed for novice users.
  • Accountants' have the ability to correct multiple transactions relatively easily but regular users do not.
  • It allows inexperienced users to make adjustments or post to accounts that are in error. The accountant must spend time correcting the mistakes at the client's expense.
Kimberly Galland profile photo

Likelihood to Renew

Adaptive Insights8.5
Based on 32 answers
At this point we have set up our reporting to integrate with Adaptive. We have spent some non-recurring money to set up and populate the system. Switching at this point would only be an option if we were unhappy with the decision. This might seem like I am side-stepping the issue but I think an important point is being made. Whatever system you decide to go with, changing later is costly and unproductive. We chose Adaptive and have absolutely no regrets. We are currently at a crossroads here at Teachscape and are looking at several different potential options. If we were still relying on a 20 to 40 sheet Excel workbook with thousands of links and formulas, I don't think I would be able to sleep at night. Adaptive gives me a greater level of comfort.
Michael Bright profile photo
QuickBooks Premier10.0
Based on 11 answers
We upgraded to QuickBooks Enterprise in November 2013.
No photo available

Usability

Adaptive Insights7.7
Based on 75 answers
Fairly easy to get trained on the system and how to build models. Within 3 days of hands-on training, we build out robust capacity models on our own. Reports and dashboards are drag and drop to create.
Meghan Gardiner, CPA, CA profile photo
QuickBooks Premier7.9
Based on 9 answers
Quickbooks is really easy to understand. You don't have to undergo a comprehensive training to be able to navigate through the accounting system modules.
Cristine Delos Santos profile photo

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
QuickBooks Premier8.9
Based on 5 answers
It has been a cery stable program
Andrew Newman CPA profile photo

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
QuickBooks Premier5.7
Based on 4 answers
It takes forever to load.
No photo available

Support

Adaptive Insights6.8
Based on 11 answers
Support questions are always answered quickly.
Andrew Rosenberg profile photo
QuickBooks Premier7.4
Based on 7 answers
Never used it
No photo available

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
QuickBooks Premier1.0
Based on 1 answer
No answer on this topic is available.

Implementation

Adaptive Insights8.2
Based on 13 answers
In our experience the Adaptive Suite is quick and easy to deploy. Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer. When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget
Greg Clarke profile photo
QuickBooks Premier7.2
Based on 7 answers
It is important to do your research. There are tutorial videos online that could help new user of this accounting system. These tutorials are straightforward and easily understandable.
Cristine Delos Santos 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

I was not involved in the selection process, but have interfaced with TM1 to our parent company. My personal experience has found Adaptive to have greater responsiveness.
Mikel Christopherson profile photo
I have recently started working with Deltek Vision as a consultant project for a large sized architectural company with firms across the world. Understandably, Vision is a great project for this firm because of the needs that are required for a global firm, but is much more complex and requires much more work, effort, and steps to get things done. You can customize a lot of items which is great, but is far too complex and non cost-effective for small to mid-sized firms.
Daniel Miles profile photo

Rating for Public Practice CPAs

No score
No answers yet
No answers on this topic
QuickBooks Premier8.1
Based on 27 answers
QuickBooks is very easy to implement, upgrade or convert to from other programs. Integration between our tax program and QuickBooks simplifies the processing time and the efficiency of preparing tax returns.The clients acceptance of QuickBooks is dictating that we provide a solution.
Tony May 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
QuickBooks Premier6.2
Based on 4 answers
They're getting better. Still room for improvement.
No photo available

Return on Investment

  • Cycle time for processing financial statements, budgets, and forecasts are greatly reduced.
  • Visibility of company metrics and drivers has been increased across the company.
  • The ease and ability to quickly create multiple forecasts using different scenarios is now available.
Jack Kersjes profile photo
  • QuickBooks Premier Accountant version streamlines my processing of tasks making it easy to quickly switch between windows thus reducing time it takes to perform bulk of accounting entries.
  • QuickBooks Premier is a desktop version and has to be installed on client's computer to provide access for the business owners. That can be time consuming and limits flexibility that online/cloud-based platform offers.
  • Billable time tracking is a great functionality that helps me a lot in my business.
No photo available

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

QuickBooks Premier

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

QuickBooks Premier More Information