What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Wdesk

7 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Wdesk

7 Ratings
Score 9.1 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

Wdesk

Well suited for financial reporting or any other process throughout an organization that involves multiple layers of review and version control of documents formatted in Microsoft Word, PowerPoint, or Excel products.
Kalynne Cuza, CPA profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

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

Consolidation and Close

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

FInancial Reporting and Compliance

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

Analytics

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

Integration

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

Governance, Risk & Compliance

Adaptive Insights
Wdesk
9.6
Common repository of GRC items
Adaptive Insights
Wdesk
10.0
Risk management
Adaptive Insights
Wdesk
8.9
Integration with Corporate Performance Management (CPM) systems
Adaptive Insights
Wdesk
10.0
GRC policy management
Adaptive Insights
Wdesk
10.0
Incident management
Adaptive Insights
Wdesk
8.9

Pros

  • Web-based system which eliminates the need to purchase new software. System is accessible anywhere as long as there is internet access.
  • Its features provide for good planning, budgeting, and forecasting.
  • The ability to create customized reports is a very nice touch - we are able to share this across our organization.
Jessalyn Ka profile photo
  • Data integrity, Using work books to source the same data into various sections of a document is the best feature of Wdesk. The excel like feel of a workbook only makes it even more simple in its use.
  • Formatting the document to make it printer friendly is a cinch. The final printed product is very sleek and printer friendly.
  • I use Data collection feature which lets other groups populate different sections of the document for which they have responsibility. For instance, the Treasury group fills out all debt related information. The Stock compensation related information is filled by the controller's group, etc.
  • Customer Service is one of the best features of Wdesk. Support is right here in the USA and I always can count on my Customer Success Manager or in his absence, any other person, from their team, to provide solution when I am in a bind.
Sandhya Chakrapani profile photo

Cons

  • The layout of the various reporting options could be displayed in a more user-friendlier way. It's a bit difficult to locate where to find the reports.
  • I'm finding that the drill down feature from the monthly financials section is not as convenient as it should be.
  • The exporting to Excel or PDF format is a bit off - it's time consuming to manipulate the excel to a regular paper size.
Jessalyn Ka profile photo
  • While I have been using Data Collection for a few quarters now, I still find it a bit of a hit or miss in that templates don't seem to roll seamlessly. I always have some issues which seem to require an override of sorts.
  • I have also been using the Support Binder feature and while it serves the purpose, I think it can be polished.
Sandhya Chakrapani profile photo

Likelihood to Renew

Adaptive Insights8.5
Based on 32 answers
We just recently renewed our contract and I wouldn't hesitate to renew again. First, Adaptive as a company has a great customer-first attitude and they're great to work with. Their customer service team is fantastic. Second, they are constantly trying to improve the product and make it better, but not losing sight of what we really need. Also, the longer you use the product the more it is filled with priceless data all in one spot with instant access to report on and dig into.
Kevin Bradshaw profile photo
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
The reports are exactly what we need however accessing it from the various sections is not as simple as it should be
Jessalyn Ka profile photo
No score
No answers yet
No answers on this topic

Reliability and Availability

Adaptive Insights9.1
Based on 9 answers
As far as I recall, it is always up and available when I need to use it, except obviously when it announced couple of hours of down time during its upgrade or maintenance.
Lenny Wu, MBA, MA, CPA, CGA 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
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski 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

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 moved from a third party filer to doing it in house. Have seen demos of products like Active Disclosure, which has come a long way from the beta version I saw and but we are not too far gone with Wdesk for us to evaluate other products.When we first signed up with Webfilings, (former name of Workiva), there were no viable products in the market. I had seen an Oracle product and a beta version of Active Disclosure. It was not hard to see the ease and intuitive-screens, to guide one through the filing process. The excel-like spreadsheets were an added bonus.
Sandhya Chakrapani 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

  • The most positive impact has been on time. While it took some time to get things set up correctly, once we did, we were able to report results very quickly.
  • The budgeting process has gone much more quickly.
  • What-if scenarios are a little trickier. There are multiple ways you can do it. We have chosen to use assumptions for percentages and then copy the original version to a "what-if" version and change the assumption it is pointing to. However, this is a bit clunky.
  • Month-end reporting is getting faster and faster the more we automate through Adaptive.
Amy Kee, CPA profile photo
  • We have not quantified the ROI but we have definitely saved money and time by switching to Wdesk.
  • By integrating other things we do currently outside of Wdesk, like SOX, we can reap better benefits.
  • We currently use a third party tool for Form 4s etc and this too could be brought into the Wdesk fold.
Sandhya Chakrapani 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

Wdesk

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

Wdesk More Information