What users are saying about

Adaptive Insights

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
205 Ratings
22 Ratings

Adaptive Insights

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
205 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
22 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.9 out of 101

Add comparison

Likelihood to Recommend

Adaptive Insights

Adaptive is very robust for expense planning. We have a lot of formulas and our personnel planning model is complex. There's an easy to use allocation model within Adaptive Insights that helps us manage our corporate allocations efficiently. We don't currently use Adaptive to forecast revenue, sales commissions or cash flow, so I am unable to comment on how adept the software is with these calculations.
Jennifer Summitt profile photo

Vena Solutions

Vena Solutions is well suited for multi-faceted and complicated budgets. We love the fact that we can perform the same complex calculations required for our budgeting process in a familiar format/syntax (Excel) but not suffer linkage issues we had grown accustomed to in the pre-Vena days.
Jay Scheumack profile photo

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights
9.3
Vena Solutions
Pixel Perfect reports
Adaptive Insights
9.0
Vena Solutions
Customizable dashboards
Adaptive Insights
10.0
Vena Solutions
Report Formatting Templates
Adaptive Insights
9.0
Vena Solutions

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights
8.0
Vena Solutions
Publish to PDF
Adaptive Insights
8.0
Vena Solutions
Report Versioning
Adaptive Insights
8.0
Vena Solutions
Report Delivery Scheduling
Adaptive Insights
8.0
Vena Solutions

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights
8.6
Vena Solutions
8.7
Long-term financial planning
Adaptive Insights
8.9
Vena Solutions
8.8
Financial budgeting
Adaptive Insights
8.8
Vena Solutions
8.9
Forecasting
Adaptive Insights
9.1
Vena Solutions
8.4
Scenario modeling
Adaptive Insights
8.2
Vena Solutions
8.5
Management reporting
Adaptive Insights
8.1
Vena Solutions
8.8

Consolidation and Close

Adaptive Insights
7.5
Vena Solutions
8.8
Financial data consolidation
Adaptive Insights
7.9
Vena Solutions
8.9
Journal entries and reports
Adaptive Insights
5.6
Vena Solutions
8.4
Multi-currency management
Adaptive Insights
7.6
Vena Solutions
8.7
Intercompany Eliminations
Adaptive Insights
7.5
Vena Solutions
8.8
Minority Ownership
Adaptive Insights
7.1
Vena Solutions
9.1
Local and consolidated reporting
Adaptive Insights
8.3
Vena Solutions
8.9
Detailed Audit Trails
Adaptive Insights
8.5
Vena Solutions
8.5

FInancial Reporting and Compliance

Adaptive Insights
8.3
Vena Solutions
8.7
Financial Statement Reporting
Adaptive Insights
9.0
Vena Solutions
8.9
Management Reporting
Adaptive Insights
8.6
Vena Solutions
8.3
Excel-based Reporting
Adaptive Insights
8.4
Vena Solutions
8.9
Automated board and financial reporting
Adaptive Insights
8.5
Vena Solutions
8.8
XBRL support for regulatory filing
Adaptive Insights
7.0
Vena Solutions

Analytics

Adaptive Insights
7.6
Vena Solutions
8.9
Personalized dashboards
Adaptive Insights
7.3
Vena Solutions
8.7
Color-coded scorecards
Adaptive Insights
6.8
Vena Solutions
8.8
KPIs
Adaptive Insights
8.0
Vena Solutions
9.1
Cost and profitability analysis
Adaptive Insights
8.0
Vena Solutions
8.9
Key Performance Indicator setting
Adaptive Insights
8.0
Vena Solutions
9.1
Benchmarking with external data
Adaptive Insights
7.3
Vena Solutions
9.1

Integration

Adaptive Insights
8.6
Vena Solutions
8.5
Flat file integration
Adaptive Insights
8.3
Vena Solutions
8.5
Excel data integration
Adaptive Insights
8.7
Vena Solutions
8.6
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Vena Solutions
8.4

Pros

  • It's very easy to import financial data from Oracle. We import values and transaction-level details. The import (called a connector) runs every morning but we can run it on demand. The import only takes about 10 minutes to complete.
  • Adaptive launched a new reporting tool called OfficeConnect a couple of years ago. We use OfficeConnect Excel and OfficeConnect Powerpoint for nearly all of our reporting. It's very easy to build and maintain reports in this tool. Additionally, updating the Board Book each quarter can be accomplished very quickly since most of the content for the presentation is linked to Adaptive OfficeConnect excel reports.
  • It's easy to train new users on how to use Adaptive Planning. The input sheets look like an excel file and it's fairly intuitive to use. Our users enjoy being able to use one tool to access historical and forward looking data and to run their own reports. They don't need to access Oracle to conduct research since it's all available in Adaptive.
Jennifer Summitt profile photo
  • Vena's strength is allowing the use of all features and functionality in Excel while also providing workflow and approval processes that can be managed on a department by department basis.
  • Having the database with saved data behind the Excel interface allow for consolidation of data and reporting at multiple organizational levels, along with providing the flexibility needed to build reports exactly as needed for each financial process.
  • Intuitive and powerful workflow functionality allows us to pre-determine our distribution cycle for spreadsheets including managing the review process, which also captures full auditing. As administrators, we can view the status of each department's work and the point at which each is in the workflow using the easily navigated management tools.
  • Version and change control of spreadsheets allows us to track changes made to spreadsheets from one year to the next as new requirements surface.
  • End users who have been accustomed to using Excel for budgeting and other processes required very little training, and we were able to enhance our previous blank Excel templates with pre-filled data for actuals, prior year budgets and personnel budgets. This allows department managers to focus on creating an accurate budget rather than spending time doing data entry and off-system analysis (which they often don't do). Users commented that implementing Vena was the best implementation we've had.
  • Customer support is great and very responsive! The training consultants are also very knowledgeable in Excel functions and provide ways to enhance templates and reporting by providing a combination of Vena and Excel solutions.
  • Vena Solutions provides users with extended Excel functionality and flexibility, especially for spreadsheet-driven processes. Vena can store a wide variety of data, allowing us to use Vena for financial processes, reporting, operations planning and human resource planning.
Lori Lambert profile photo

Cons

  • Reporting. I need to save the reports into my personal folder, and then transfer to the new budget folder. I then need to update the time periods for the new budget season.
  • Required fields. Managers many times think they are done, but didn't complete information. Hard to always identify missing information. Better if I could label columns or fields as required and could report on fields not completed.
Bryan Schmidt profile photo
  • When first learning to use Vena, it may seem that reports can't be created as easily as in other solutions - there's no drag and drop from a selection of fields. However, once the Vena tool is learned, reporting becomes much easier.
  • The flexibility of Vena may also be a downside for some administrators. A vision for what a template or report should look like and do is needed as building a template or report starts with a blank Excel workbook.
  • Vena isn't the flashiest budgeting tool available, but we believe the flexible functionality outweighs the looks of other software.
Lori Lambert profile photo

Likelihood to Renew

Adaptive Insights8.6
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
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 Insights7.7
Based on 75 answers
Adaptive is very easy to use, if you understand Excel you can use Adaptive
Lisa VanHuystee 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 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
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 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
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

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 Suite gave us what we needed and fit our use case perfectly. We did short list Host Analytics and they were neck and neck with Adaptive and it was a win/win for us and we would have been successful with either tool. My familiarity with Adaptive, the simplicity of self implementation, the product vision,and the turn around time to get the company up and running made gave Adaptive the edge.
KaReese Watkins, CMA 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

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

  • Our use of Adaptive could be expanded to bring greater ROI to Customer Service, Sales (especially with a better integration with Salesforce) and even Engineering but our own resources haven't allowed for this. I think that running your pipeline through Adaptive to model the true financial impact of prospective deals would be a great help in both your cash planning and in mapping your potential incentives to the Sales team.
  • Adaptive has allowed us to produce our Board packages with no additional outside resources. We anticipate this being even more streamlined once we can integrate Adaptive Connect to update our presentation automatically.
  • By providing an accurate and forward looking cash flow report, we can better manage our investments to maximize our return without the risk of short-term cash shortages.
Michael Bright profile photo
  • Positive impact is felt in reducing manual distribution and collection of Excel spreadsheets, as well as manual aggregation of data. Human time and effort was reduced significantly thereby reducing human error and which ultimately results in more accurate reporting data.
Jeff Deane 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

Vena Solutions

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

Vena Solutions More Information