What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Unit4 Financials

2 Ratings
Score 8.7 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

Unit4 Financials

This would work well for the back side of accounting...meaning after the invoice was created. If you need software to create invoices, this may not be the software for you (or at least you would have to do additional research on its capability). Other than that, it takes care of the majority of our needs.
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Feature Rating Comparison

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
Unit4 Financials
Long-term financial planning
Adaptive Insights
8.9
Unit4 Financials
Financial budgeting
Adaptive Insights
8.9
Unit4 Financials
Forecasting
Adaptive Insights
9.1
Unit4 Financials
Scenario modeling
Adaptive Insights
8.3
Unit4 Financials
Management reporting
Adaptive Insights
8.2
Unit4 Financials

Consolidation and Close

Adaptive Insights
7.5
Unit4 Financials
Financial data consolidation
Adaptive Insights
7.9
Unit4 Financials
Journal entries and reports
Adaptive Insights
5.5
Unit4 Financials
Multi-currency management
Adaptive Insights
7.7
Unit4 Financials
Intercompany Eliminations
Adaptive Insights
7.5
Unit4 Financials
Minority Ownership
Adaptive Insights
7.0
Unit4 Financials
Local and consolidated reporting
Adaptive Insights
8.3
Unit4 Financials
Detailed Audit Trails
Adaptive Insights
8.6
Unit4 Financials

FInancial Reporting and Compliance

Adaptive Insights
8.3
Unit4 Financials
Financial Statement Reporting
Adaptive Insights
9.0
Unit4 Financials
Management Reporting
Adaptive Insights
8.6
Unit4 Financials
Excel-based Reporting
Adaptive Insights
8.5
Unit4 Financials
Automated board and financial reporting
Adaptive Insights
8.5
Unit4 Financials
XBRL support for regulatory filing
Adaptive Insights
6.9
Unit4 Financials

Analytics

Adaptive Insights
7.6
Unit4 Financials
Personalized dashboards
Adaptive Insights
7.3
Unit4 Financials
Color-coded scorecards
Adaptive Insights
6.8
Unit4 Financials
KPIs
Adaptive Insights
8.0
Unit4 Financials
Cost and profitability analysis
Adaptive Insights
8.1
Unit4 Financials
Key Performance Indicator setting
Adaptive Insights
8.1
Unit4 Financials
Benchmarking with external data
Adaptive Insights
7.3
Unit4 Financials

Integration

Adaptive Insights
8.6
Unit4 Financials
Flat file integration
Adaptive Insights
8.4
Unit4 Financials
Excel data integration
Adaptive Insights
8.8
Unit4 Financials
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Unit4 Financials

Security

Adaptive Insights
Unit4 Financials
9.0
Single sign-on capability
Adaptive Insights
Unit4 Financials
9.0
Role-based user permissions
Adaptive Insights
Unit4 Financials
9.0

Reporting & Analytics

Adaptive Insights
Unit4 Financials
5.3
Dashboards
Adaptive Insights
Unit4 Financials
1.0
Standard reports
Adaptive Insights
Unit4 Financials
7.0
Custom reports
Adaptive Insights
Unit4 Financials
8.0

General Ledger and Configurable Accounting

Adaptive Insights
Unit4 Financials
8.1
Accounts payable
Adaptive Insights
Unit4 Financials
9.0
Accounts receivable
Adaptive Insights
Unit4 Financials
9.0
Cash management
Adaptive Insights
Unit4 Financials
8.0
Expense management
Adaptive Insights
Unit4 Financials
8.0
Multi-division support
Adaptive Insights
Unit4 Financials
8.0
Intercompany Accounting
Adaptive Insights
Unit4 Financials
7.0
Journals and Reconciliations
Adaptive Insights
Unit4 Financials
8.0
Standardized Processes
Adaptive Insights
Unit4 Financials
8.0

Inventory Management

Adaptive Insights
Unit4 Financials
8.0
Inventory tracking
Adaptive Insights
Unit4 Financials
8.0

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 easy to move around in if set up properly.
  • You can changes background colors to your choice.
  • It is customizable (you can create home pages specific to the user).
No photo available

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
  • There is a lot of "building" when first starting up with the software.
  • Some of the data you cannot pull unless you have sequel knowledge, although capabilities are getting better.
  • There is not a good operating statement report option.
No photo available

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
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak 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
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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
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
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

Adaptive blows away Hyperion from an ease of use, functionality and performance standpoint. The reason we selected Adaptive initially was the flexibility of the tool (sheets), going from manual forecasts to a web based tool and being able to build assumptions into our budget and forecasting processes. Also, the cost of Adaptive licenses provided significant savings when compared to the annual fees that we paid Oracle for use and support of their system.
Gary Grzesiak profile photo
Unit4 Financials is definitely much more robust than Peachtree or other software. I've also used SAP in the past and this seems to have many more capabilities.
No photo available

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
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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

  • Budget and forecast cycles have been reduced due to the ease of data input by our end-users. We used to allow user a month to input annual budget data and we can now complete this process in two and a half weeks.
  • Forecasts used to be completed using Excel by our 17 divisions. Adaptive has allowed for us to complete the forecast process using the Adaptive tool which allows us to consolidate our forecasts immediately versus a manual process.
  • Month-end reporting used to take us 5 days to complete our package prior to using Adaptive. Our organization can now finalize our reporting in no more than 3 days due many of the reports coming straight from Adaptive.
Gary Grzesiak profile photo
  • Because of the lack of operating statement reports, we've had to spend additional funds to use another system.
  • It does show data in real time, so no waiting for batches to update overnight.
  • You can do a lot of customizing to meet your own needs.
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

Unit4 Financials

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

Unit4 Financials More Information