Adaptive Insights, a Workday company

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Top Rated
211 Ratings
24 Ratings

Adaptive Insights, a Workday company

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Top Rated
211 Ratings
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Score 8.6 out of 101
24 Ratings
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Score 8.8 out of 101

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Likelihood to Recommend

Adaptive Insights, a Workday company

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

Vena Solutions

Vena is well suited for companies that have a population of users that are fairly adept with Microsoft Excel. Ideally, the company would also have an analyst who understands business intelligence, ETL, etc. Without somebody orchestrating the production, I doubt things would run very smoothly. Assuming there is somebody capable of running the software, the tool is awesome. Whenever we discuss investigating new tools, I always say the same thing, "If we switch to another platform, our users may have an easier time. That said, it feels like we can literally do ANYTHING with Vena."
No photo available

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights, a Workday company
9.3
Vena Solutions
10.0
Pixel Perfect reports
Adaptive Insights, a Workday company
9.0
Vena Solutions
Customizable dashboards
Adaptive Insights, a Workday company
10.0
Vena Solutions
10.0
Report Formatting Templates
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0

Ad-hoc Reporting

Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0
Drill-down analysis
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0
Formatting capabilities
Adaptive Insights, a Workday company
7.0
Vena Solutions
10.0
Integration with R or other statistical packages
Adaptive Insights, a Workday company
8.0
Vena Solutions
Report sharing and collaboration
Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0

Report Output and Scheduling

Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0
Publish to PDF
Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0
Report Versioning
Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0
Report Delivery Scheduling
Adaptive Insights, a Workday company
8.0
Vena Solutions
10.0

Data Discovery and Visualization

Adaptive Insights, a Workday company
7.7
Vena Solutions
10.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
Adaptive Insights, a Workday company
7.0
Vena Solutions
10.0
Location Analytics / Geographic Visualization
Adaptive Insights, a Workday company
8.0
Vena Solutions
Predictive Analytics
Adaptive Insights, a Workday company
8.0
Vena Solutions

Access Control and Security

Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0
Multi-User Support (named login)
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0
Role-Based Security Model
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0
Multiple Access Permission Levels (Create, Read, Delete)
Adaptive Insights, a Workday company
9.0
Vena Solutions
10.0

Mobile Capabilities

Adaptive Insights, a Workday company
8.5
Vena Solutions
Responsive Design for Web Access
Adaptive Insights, a Workday company
8.0
Vena Solutions
Dedicated iOS Application
Adaptive Insights, a Workday company
8.0
Vena Solutions
Dedicated Android Application
Adaptive Insights, a Workday company
8.0
Vena Solutions
Dashboard / Report / Visualization Interactivity on Mobile
Adaptive Insights, a Workday company
10.0
Vena Solutions

Budgeting, Planning, and Forecasting

Adaptive Insights, a Workday company
8.5
Vena Solutions
8.8
Long-term financial planning
Adaptive Insights, a Workday company
8.8
Vena Solutions
9.0
Financial budgeting
Adaptive Insights, a Workday company
8.8
Vena Solutions
9.4
Forecasting
Adaptive Insights, a Workday company
9.0
Vena Solutions
8.5
Scenario modeling
Adaptive Insights, a Workday company
8.1
Vena Solutions
8.8
Management reporting
Adaptive Insights, a Workday company
8.0
Vena Solutions
8.2

Consolidation and Close

Adaptive Insights, a Workday company
7.5
Vena Solutions
9.0
Financial data consolidation
Adaptive Insights, a Workday company
7.9
Vena Solutions
9.5
Journal entries and reports
Adaptive Insights, a Workday company
5.7
Vena Solutions
9.0
Multi-currency management
Adaptive Insights, a Workday company
7.5
Vena Solutions
9.5
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
Vena Solutions
6.8
Minority Ownership
Adaptive Insights, a Workday company
7.1
Vena Solutions
9.1
Local and consolidated reporting
Adaptive Insights, a Workday company
8.2
Vena Solutions
9.7
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
Vena Solutions
9.6

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
8.2
Vena Solutions
9.0
Financial Statement Reporting
Adaptive Insights, a Workday company
8.9
Vena Solutions
9.5
Management Reporting
Adaptive Insights, a Workday company
8.5
Vena Solutions
8.7
Excel-based Reporting
Adaptive Insights, a Workday company
8.3
Vena Solutions
9.5
Automated board and financial reporting
Adaptive Insights, a Workday company
8.3
Vena Solutions
8.2
XBRL support for regulatory filing
Adaptive Insights, a Workday company
7.0
Vena Solutions

Analytics

Adaptive Insights, a Workday company
7.5
Vena Solutions
7.4
Personalized dashboards
Adaptive Insights, a Workday company
7.3
Vena Solutions
7.2
Color-coded scorecards
Adaptive Insights, a Workday company
6.8
Vena Solutions
6.3
KPIs
Adaptive Insights, a Workday company
7.9
Vena Solutions
6.5
Cost and profitability analysis
Adaptive Insights, a Workday company
7.9
Vena Solutions
9.6
Key Performance Indicator setting
Adaptive Insights, a Workday company
7.9
Vena Solutions
6.5
Benchmarking with external data
Adaptive Insights, a Workday company
7.3
Vena Solutions
8.5

Integration

Adaptive Insights, a Workday company
8.5
Vena Solutions
9.4
Flat file integration
Adaptive Insights, a Workday company
8.2
Vena Solutions
9.3
Excel data integration
Adaptive Insights, a Workday company
8.6
Vena Solutions
9.6
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.6
Vena Solutions
9.4

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
  • Easy integration with Excel. The tool looks familiar as it looks similar to Excel.
  • Great customer support from Vena support team.
  • It has all the advantages of Excel without the limitations of Excel like the audit trail, version control etc.
  • Audit trail feature helps in identifying the source of updates on the data.
  • Efficient aggregation and consolidation tool. The volume of data we handle could not be handled by Excel efficiently. Vena solved the problem.
No photo available

Cons

  • It can get cumbersome to have separate sheets for all prepaid expenses. The software works out very neatly - but creating a new sheet for each prepaid expense can be difficult. Because of this, I feel like forecasting is less based on actual plans, and more based on gut feelings, and trends rather than actual plans.
  • I wish OfficeConnect could pull individual lines rather than just aggregated data. The example that I'm trying to work on now is that I would like to pull personnel information from OfficeConnect (mainly pulling lists of employees, or open positions). I don't know how to do that currently. I can pull aggregated data and show totals - but I can't see the individual lines that make up that total within OfficeConnect.
Mark McConkie profile photo
  • Option to indicate to a manager when a template is open by contributor (or block save for a manager, if a contributor has it open). Currently, simultaneous access by two contributors is restricted, because until the file is checked in by one, edits by the other will not be possible. However, a manager can open the template that is already open by a contributor and modify it at the same time. This may lead to save conflicts and unwanted changes. It would be nice to have some sort of an indication for a manager that the template is being used by a contributor (and vice versa, too – that way a contributor would know to contact the manager if he/she is opening the template that is currently open in the manager’s view)
  • Option to add/remove users to processes that are currently active, to grant on-the-fly permission to view current tasks – i.e., it would be nice to modify access irrespective of the process status. My understanding is that this option has already been implemented in later Cloud versions (our company is currently using OnSite version).
  • When tracing mapped data – ability to focus on the source cell, as opposed to just highlighting it (currently the cell is being highlighted, but it can be in any of the worksheets in the source file and needs to be manually located).
Teymur Mammadov, CPA, CA, FCCA (UK) profile photo

Likelihood to Renew

Adaptive Insights, a Workday company8.6
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
Vena Solutions9.1
Based on 1 answer
We have been extremely satisfied with the Vena Solutions product and have been able to become more efficient in our budgeting, forecasting and salary planning processes, as well as adding functionality and accuracy that was not possible in the past. Administrators no longer have to keep track manually of each department's budgeted net, but can use a report created in Vena to report this information, as well as see which departments have not yet submitted information. Customer service has always been very responsive as well
Lori Lambert profile photo

Usability

Adaptive Insights, a Workday company7.5
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
Vena Solutions9.1
Based on 1 answer
One is only limited by their knowledge of Excel functions and basic understanding of database management. One does not need to know VBA, VB, C++ or even SQL.
Megan Bladen-Blinkoff profile photo

Reliability and Availability

Adaptive Insights, a Workday company9.1
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 Insights, a Workday company9.1
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 Insights, a Workday company6.8
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
Vena Solutions8.2
Based on 1 answer
Customer support has been very prompt for both bug fixes and data loading. Enhancement requests have taken a bit longer to implement, but are within what we would consider a normal time frame compared to other software we use. I rarely have to wait long for an issue to be resolved
Lori Lambert profile photo

Online Training

Adaptive Insights, a Workday company8.2
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 Insights, a Workday company8.2
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
Vena Solutions9.1
Based on 1 answer
The Vena consultant had great knowledge of both the Vena solution and Excel and Excel functions. He was able to help suggest ways to build our templates that met our requirements using Excel functions we had not previously considered using. And we have been able to use the Excel information he provided in other ways outside of Vena. He was very patient and flexible as we learned the Vena tool and created templates
Lori Lambert profile photo

Alternatives Considered

For us, it came down to Adaptive Insights and Host Analytics. The benefits seemed very comparable. We ultimately decided on Adaptive Insights because it cost less to implement and the time to implement was less compared to Host Analytics. We are VERY happy with our decision to go with Adaptive Insights.
Denise Lewis profile photo
We spent about a year and a half in the selection process for our budgeting system. The issue that we kept coming across was speed, flexibility, and a lack of understanding of our process during the sales cycle. Most of these other products wanted us to change our budgeting process to fit their system rather than solving for our individual needs. Vena Solutions’ sales team had worked with other products (many of those listed above) before making the switch to Vena and as such were able to explain the differences and understand the frustrations with the other products. During implementation, our consultant understood our rather complicated processes and calculations easily. This product is extremely flexible and very easy to use and we can't wait to see where it takes us!
Carrie Self, CPA profile photo

Scalability

Adaptive Insights, a Workday company9.1
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

  • Our budgeting and forecasting cycles are now faster, more accurate and can evolve dynamically throughout the process. This is especially important in our business which is experiencing rapid growth.
  • Our ability to push out bespoke reporting to business owners has massively improved.
  • For our most recent budget cycle, we were able to simply and quickly illustrate the impact of foreign exchange fluctuations to our board.
Andy Clifton profile photo
  • Vena Solutions has definitely increased employee efficiency. Spreadsheets that we were spending days preparing and reformatting are now updated within a matter of seconds.
  • Vena Solutions has also provided more data integrity. We were doing a lot of manual data entry and copy and pasting from Excel. Since moving to Vena Solutions this is not necessary, hence our data integrity is much higher.
No photo available

Pricing Details

Adaptive Insights, a Workday company

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, a Workday company More Information

Vena Solutions

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
$0*
1.  per user
Additional Pricing Details

Vena Solutions More Information