What users are saying about

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Top Rated
204 Ratings

Accounting CS

2 Ratings

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Top Rated
204 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.7 out of 101

Accounting CS

2 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 9.3 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

Accounting CS

I think it is user friendly after you get used to the program.
Cyndy Ramey profile photo

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights
9.3
Accounting CS
Pixel Perfect reports
Adaptive Insights
9.0
Accounting CS
Customizable dashboards
Adaptive Insights
10.0
Accounting CS
Report Formatting Templates
Adaptive Insights
9.0
Accounting CS

Ad-hoc Reporting

Adaptive Insights
8.0
Accounting CS
Drill-down analysis
Adaptive Insights
9.0
Accounting CS
Formatting capabilities
Adaptive Insights
7.0
Accounting CS
Integration with R or other statistical packages
Adaptive Insights
8.0
Accounting CS
Report sharing and collaboration
Adaptive Insights
8.0
Accounting CS

Report Output and Scheduling

Adaptive Insights
8.0
Accounting CS
Publish to PDF
Adaptive Insights
8.0
Accounting CS
Report Versioning
Adaptive Insights
8.0
Accounting CS
Report Delivery Scheduling
Adaptive Insights
8.0
Accounting CS

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
Accounting CS
Long-term financial planning
Adaptive Insights
8.9
Accounting CS
Financial budgeting
Adaptive Insights
8.9
Accounting CS
Forecasting
Adaptive Insights
9.1
Accounting CS
Scenario modeling
Adaptive Insights
8.3
Accounting CS
Management reporting
Adaptive Insights
8.1
Accounting CS

Consolidation and Close

Adaptive Insights
7.5
Accounting CS
Financial data consolidation
Adaptive Insights
7.9
Accounting CS
Journal entries and reports
Adaptive Insights
5.6
Accounting CS
Multi-currency management
Adaptive Insights
7.7
Accounting CS
Intercompany Eliminations
Adaptive Insights
7.5
Accounting CS
Minority Ownership
Adaptive Insights
7.1
Accounting CS
Local and consolidated reporting
Adaptive Insights
8.3
Accounting CS
Detailed Audit Trails
Adaptive Insights
8.6
Accounting CS

FInancial Reporting and Compliance

Adaptive Insights
8.3
Accounting CS
Financial Statement Reporting
Adaptive Insights
9.0
Accounting CS
Management Reporting
Adaptive Insights
8.6
Accounting CS
Excel-based Reporting
Adaptive Insights
8.5
Accounting CS
Automated board and financial reporting
Adaptive Insights
8.5
Accounting CS
XBRL support for regulatory filing
Adaptive Insights
7.0
Accounting CS

Analytics

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

Integration

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

Payroll Management

Adaptive Insights
Accounting CS
10.0
Pay calculation
Adaptive Insights
Accounting CS
10.0

Security

Adaptive Insights
Accounting CS
10.0
Single sign-on capability
Adaptive Insights
Accounting CS
10.0
Role-based user permissions
Adaptive Insights
Accounting CS
10.0

Reporting & Analytics

Adaptive Insights
Accounting CS
10.0
Dashboards
Adaptive Insights
Accounting CS
10.0
Standard reports
Adaptive Insights
Accounting CS
10.0
Custom reports
Adaptive Insights
Accounting CS
10.0

General Ledger and Configurable Accounting

Adaptive Insights
Accounting CS
10.0
Bank reconciliation
Adaptive Insights
Accounting CS
10.0
Journals and Reconciliations
Adaptive Insights
Accounting CS
10.0

Accounting Firm BPO Features

Adaptive Insights
Accounting CS
10.0
Client template cloning
Adaptive Insights
Accounting CS
10.0
Single sign-on
Adaptive Insights
Accounting CS
10.0

Pros

  • Infinite ability to group accounts and departments for reporting. The only limitation is the number of ways that you think of in terms of consolidating the information.
  • Being able to build scalable, complex, distributed, budget models. With the data we can bring into the system and the formulas we can use we have all the functionality of the spreadsheet, but with the flexibility to allow leaders across the organization to participate and update their section.
  • The platform allows multiple forecast/budget versions which allows for version control and sensitivity analysis. I can lock versions from changes while quickly creating a new version to see the impact of a +or- scenario to the company’s profitability.
  • With the OfficeConnect tool we can leverage Excel to provide repeatable reports for the board and other business leaders that are repeatable from month to month. While the platform provides more flexibility than an accounting package it still has limitations. Using OfficeConnect I can leverage the power of the Microsoft suite of Excel/Word/PowerPoint directly.
Brian Kyslinger profile photo
  • It is excel based which makes it easier to input information.
Cyndy Ramey profile photo

Cons

  • For reforecasting (e.g. doing 3 + 9 or 6 + 6), it would be useful to do constant currency analysis for versions that are "hybrid" (i.e. contain actual and plan data). At the moment, the virtual version functionality only works properly for actual or plan only versions.
  • We are a company going through a process of changing financial years and trying to plan over multiple financial periods of different lengths. I have found it very difficult to handle this in the system elegantly.
  • It would be good if there were more "template" models for various common business scenarios (e.g. sets of standard modeled sheets available for personnel and fixed assets) or sets of standard cubes for revenue or projects.
Andy Clifton profile photo
  • I think the program should require you to close the client instead of just changing the client id#. It is too easy to enter data into the wrong company.
Cyndy Ramey 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
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
No score
No answers yet
No answers on this topic

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
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


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
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 previously only used Excel for budgeting and reporting. We now use Adaptive for all budgeting and use an add-on product called Office Connect to build reports that automate our data each month. We find the Office Connect reporting a little more user-friendly than the in-house reporting feature.
Amy Kee, CPA profile photo
Thomson Reuters is all I have experience with.
Cyndy Ramey profile photo

Collaboration and Sharing

Adaptive Insights7.5
Based on 17 answers
This is one of the best features as personnel in different areas at different sites can work together on the budget, forecast or "what-if" models.
Harry Vasels 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

  • Staffing. Almost certain we would have had to hire a full-time budget analyst to process budgets pre-Adaptive. Savings in labor for salary and benefits is about $150 k annually.
  • Quicker ability to report and complete the budget process. Before Adaptive, the budget process took about 4 months. We have shrunk the time required to about 3 months with additional time now for analysis.
  • What if reporting. Nice to see the impact of changes in the budget with a quick turn around time to report.
Bryan Schmidt profile photo
  • I was provided the program to use by management so I can't answer this question.
Cyndy Ramey 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

Accounting CS

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

Accounting CS More Information