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Top Rated
230 Ratings
25 Ratings

Adaptive Insights, a Workday company

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Top Rated
230 Ratings
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Score 8.6 out of 101
25 Ratings
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Score 8.8 out of 101

Likelihood to Recommend

Adaptive Insights, a Workday company

Adaptive Insights is well-suited for accommodating different areas within the organization that have different cost drivers and/or have different allocation needs. The capability to design planning sheets using the lookup values offers flexibility that was difficult to produce with confidence in our other planning tool. Using dimensions and attributes within our organization's design, allows the ability to dissect data in different ways and report in more flexible formats to meet user needs. In addition, the OfficeConnect plug-in with Adaptive offers expanded Board reporting capabilities where Adaptive Reporting may come up short. The Discovery Dashboard provides quick visuals for C-Suite on demand.
Limin Kinsey, CPA, CFE 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
8.2
Vena Solutions
8.8
Long-term financial planning
Adaptive Insights, a Workday company
8.3
Vena Solutions
9.0
Financial budgeting
Adaptive Insights, a Workday company
8.7
Vena Solutions
9.5
Forecasting
Adaptive Insights, a Workday company
8.9
Vena Solutions
8.5
Scenario modeling
Adaptive Insights, a Workday company
6.6
Vena Solutions
8.9
Management reporting
Adaptive Insights, a Workday company
8.5
Vena Solutions
8.1

Consolidation and Close

Adaptive Insights, a Workday company
7.5
Vena Solutions
9.1
Financial data consolidation
Adaptive Insights, a Workday company
8.0
Vena Solutions
9.6
Journal entries and reports
Adaptive Insights, a Workday company
6.0
Vena Solutions
9.3
Multi-currency management
Adaptive Insights, a Workday company
7.2
Vena Solutions
9.6
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
Vena Solutions
6.6
Minority Ownership
Adaptive Insights, a Workday company
7.4
Vena Solutions
9.1
Local and consolidated reporting
Adaptive Insights, a Workday company
8.1
Vena Solutions
9.8
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
Vena Solutions
9.8

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
7.7
Vena Solutions
9.1
Financial Statement Reporting
Adaptive Insights, a Workday company
8.8
Vena Solutions
9.6
Management Reporting
Adaptive Insights, a Workday company
8.5
Vena Solutions
8.9
Excel-based Reporting
Adaptive Insights, a Workday company
6.9
Vena Solutions
9.6
Automated board and financial reporting
Adaptive Insights, a Workday company
7.5
Vena Solutions
8.1
XBRL support for regulatory filing
Adaptive Insights, a Workday company
7.0
Vena Solutions

Analytics

Adaptive Insights, a Workday company
7.2
Vena Solutions
7.3
Personalized dashboards
Adaptive Insights, a Workday company
7.5
Vena Solutions
7.2
Color-coded scorecards
Adaptive Insights, a Workday company
6.4
Vena Solutions
6.0
KPIs
Adaptive Insights, a Workday company
7.2
Vena Solutions
6.4
Cost and profitability analysis
Adaptive Insights, a Workday company
8.3
Vena Solutions
9.6
Key Performance Indicator setting
Adaptive Insights, a Workday company
8.1
Vena Solutions
6.4
Benchmarking with external data
Adaptive Insights, a Workday company
5.7
Vena Solutions
8.4

Integration

Adaptive Insights, a Workday company
8.0
Vena Solutions
9.6
Flat file integration
Adaptive Insights, a Workday company
7.9
Vena Solutions
9.4
Excel data integration
Adaptive Insights, a Workday company
8.1
Vena Solutions
9.8
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.1
Vena Solutions
9.6

Pros

Adaptive Insights, a Workday company

  • 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

Vena Solutions

  • Flexibility - Vena is incredibly flexible for a changing business environment. The user interface allows the data model to be adjusted to meet the changing needs of thee business. In addition, the ability to create reports and templates and manipulate data is incredibly easy. It has helped us get to insights through analytics much quicker than we have been able to before.
  • Performance - Vena's speed reliability is great. We have several data sources and allocations/calculations we preform in the tool that require a lot of data and power and the tool's ability has not disappointed. One of the projects we implemented required data files with data files that were very large and Vena's performance is top notch.
  • User Acceptance / Adoption - The user interface of native Excel allows for widespread adoption of the tool across a large user base. Because the tool uses a software that nearly everyone in the business world is comfortable with, adopting the tool is easy. By placing a database on top of Excel is nearly invisible to the users of the product, it provides the value of real-time data availability in a comfortable interface.
Matthew Blickley profile photo

Cons

Adaptive Insights, a Workday company

  • 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

Vena Solutions

  • Like any tool, it takes some time to use the advanced features in the tool. It took me some time to master the report building from scratch.
  • People who know Excel love this product. People who are not familiar with Excel find it difficult.
  • The user experience can be improved. The tool can be made more intuitive.
No photo available

Likelihood to Renew

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.8
Based on 33 answers
The tools is powerful for planning and reporting purposes, but also very easy to use for non-financial end-users. Team members have expressed how happy they are with the application and the ability we've given them to make their work lives more efficient.
Brad MacDonald profile photo

Vena Solutions

Vena Solutions 9.1
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 company

Adaptive Insights, a Workday company 7.3
Based on 78 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 Solutions

Vena Solutions 9.1
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 company

Adaptive Insights, a Workday company 9.1
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

Vena Solutions

No score
No answers yet
No answers on this topic

Performance

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Support

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.7
Based on 12 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 Solutions

Vena Solutions 8.2
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 company

Adaptive Insights, a Workday company 8.2
Based on 6 answers
Online webinars provided by Adaptive Insights gave me the opportunity to explore more features in AI and perform my tasks more efficiently.
Lenny Wu, MBA, MA, CPA, CGA profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.5
Based on 14 answers
Be open to working up the plan in a way that leverages the power of the software.

Look to maximise the knowledge transfer early on - the software is very usable. You'll be able to maintain it yourself rather than being hooked to the partner
Lee Hawthorn profile photo

Vena Solutions

Vena Solutions 9.1
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

Adaptive Insights, a Workday company

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

Vena Solutions

The main contender with Vena was Prophix. Most of the other products we looked at were not capable of the complexity we needed. We chose Vena because the Excel templates made it look like the budget we were working with. We were able to use syntax we were familiar with for formulas and achieve the desired results. We knew any product was going to be a challenge but Vena was the appropriate choice for us.
Jay Scheumack profile photo

Scalability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 7 answers
Some aspects of the application are very scalable (formulae, metadata changes, adding/changing users, etc.) while others are less so (dashboards, data integration etc.)
Bob Katz, CMA, CFM, CFP® profile photo

Vena Solutions

No score
No answers yet
No answers on this topic

Return on Investment

Adaptive Insights, a Workday company

  • We use Adaptive Planning as our main budgeting software. Adaptive is always releasing new features to improve the functionality, and this makes working it is much more efficient.
  • Adaptive has many resources to help you use Adaptive. However, not many answers can be found on Google.
Samantha Monastra profile photo

Vena Solutions

  • We shortened the month-end close time by about 50%.
  • We were able to incorporate more processes than what we originally started with, which, in addition to time savings, ensured error-free reporting and seamless integration of various sub-processes (in the end - resulting in higher-quality deliverables).
  • The ability to maintain and analyze the Audit Trail significantly shortened the analysis of changes and error-checking.
Teymur Mammadov, CPA, CA, FCCA (UK) profile photo

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

* per seat, per installation

Vena Solutions

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
$0*

* per user

Rating Summary

Likelihood to Recommend

Adaptive Insights, a Workday company
8.3
Vena Solutions
8.8

Likelihood to Renew

Adaptive Insights, a Workday company
8.8
Vena Solutions
9.1

Usability

Adaptive Insights, a Workday company
7.3
Vena Solutions
9.1

Reliability and Availability

Adaptive Insights, a Workday company
9.1
Vena Solutions

Performance

Adaptive Insights, a Workday company
9.1
Vena Solutions

Support

Adaptive Insights, a Workday company
7.7
Vena Solutions
8.2

Online Training

Adaptive Insights, a Workday company
8.2
Vena Solutions

Implementation

Adaptive Insights, a Workday company
8.5
Vena Solutions
9.1

Scalability

Adaptive Insights, a Workday company
9.1
Vena Solutions

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