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Top Rated
214 Ratings
9 Ratings

Adaptive Insights, a Workday company

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Top Rated
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Score 8.6 out of 101
9 Ratings
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Score 8.6 out of 101

Likelihood to Recommend

Adaptive Insights, a Workday company

Any company looking for a sophisticated way to budget, forecast and perform monthly variance analysis is well suited for Adaptive. If you would like to analyze your products on an aggregated level or sales based on geography. Or are a SaaS company like Intelex to analyze ARR and renewals. All types of companies could benefit from letting Adaptive do the work for you.
Meghan Gardiner, CPA, CA profile photo

Wdesk

Wdesk is great for companies in which several employees or departments touch filing data simultaneously. If you want to have one set of data for your 10-Qs, 10-Ks, press releases, and proxy statements, and you want your Reporting, Legal, HR, and Internal Relations teams to be able to access all of it at the same time, Wdesk is a GREAT product. To maximize the program's capabilities, you'll want to take advantage of the linking functionality with your source data (that's what we're ensuring is happening in the periods between our filings). If you're in a company that only has one or two people on your reporting team, and those employees don't have the time to properly set up links using the source data, this program could be overwhelming.
Erin Crossland profile photo

Feature Rating Comparison

BI Standard Reporting

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

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights, a Workday company
8.0
Wdesk
Publish to PDF
Adaptive Insights, a Workday company
8.0
Wdesk
Report Versioning
Adaptive Insights, a Workday company
8.0
Wdesk
Report Delivery Scheduling
Adaptive Insights, a Workday company
8.0
Wdesk

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights, a Workday company
8.5
Wdesk
Long-term financial planning
Adaptive Insights, a Workday company
8.8
Wdesk
Financial budgeting
Adaptive Insights, a Workday company
8.7
Wdesk
Forecasting
Adaptive Insights, a Workday company
9.0
Wdesk
Scenario modeling
Adaptive Insights, a Workday company
8.0
Wdesk
Management reporting
Adaptive Insights, a Workday company
8.0
Wdesk

Consolidation and Close

Adaptive Insights, a Workday company
7.5
Wdesk
Financial data consolidation
Adaptive Insights, a Workday company
7.9
Wdesk
Journal entries and reports
Adaptive Insights, a Workday company
5.7
Wdesk
Multi-currency management
Adaptive Insights, a Workday company
7.4
Wdesk
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
Wdesk
Minority Ownership
Adaptive Insights, a Workday company
6.9
Wdesk
Local and consolidated reporting
Adaptive Insights, a Workday company
8.2
Wdesk
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
Wdesk

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
8.1
Wdesk
Financial Statement Reporting
Adaptive Insights, a Workday company
8.9
Wdesk
Management Reporting
Adaptive Insights, a Workday company
8.4
Wdesk
Excel-based Reporting
Adaptive Insights, a Workday company
8.2
Wdesk
Automated board and financial reporting
Adaptive Insights, a Workday company
8.3
Wdesk
XBRL support for regulatory filing
Adaptive Insights, a Workday company
6.8
Wdesk

Analytics

Adaptive Insights, a Workday company
7.5
Wdesk
Personalized dashboards
Adaptive Insights, a Workday company
7.3
Wdesk
Color-coded scorecards
Adaptive Insights, a Workday company
6.8
Wdesk
KPIs
Adaptive Insights, a Workday company
7.8
Wdesk
Cost and profitability analysis
Adaptive Insights, a Workday company
7.9
Wdesk
Key Performance Indicator setting
Adaptive Insights, a Workday company
7.8
Wdesk
Benchmarking with external data
Adaptive Insights, a Workday company
7.3
Wdesk

Integration

Adaptive Insights, a Workday company
8.4
Wdesk
Flat file integration
Adaptive Insights, a Workday company
8.1
Wdesk
Excel data integration
Adaptive Insights, a Workday company
8.6
Wdesk
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.6
Wdesk

Governance, Risk & Compliance

Adaptive Insights, a Workday company
Wdesk
9.5
Common repository of GRC items
Adaptive Insights, a Workday company
Wdesk
10.0
Risk management
Adaptive Insights, a Workday company
Wdesk
8.7
Integration with Corporate Performance Management (CPM) systems
Adaptive Insights, a Workday company
Wdesk
10.0
GRC policy management
Adaptive Insights, a Workday company
Wdesk
10.0
Incident management
Adaptive Insights, a Workday company
Wdesk
8.7

Pros

Adaptive Insights, a Workday company

  • Very customizable. You can set up your financial model any way you'd like based on what works best for your company. Set up is also easy to get a handle on. We had hands-on training for 3 days and were able to start building out our models on our own with minimal help afterward.
  • Reports and dashboards are extremely easy to use and build on your own. Recent updates to the dashboard/discovery pack allow users to easily drag and drop items to build interactive dashboards that execs find easy to understand.
  • Extremely easy to maintain the model. Once you have set up your model, its very easy to manage on an ongoing basis, leaving more time for analysis rather than administrative work.
Meghan Gardiner, CPA, CA profile photo

Wdesk

  • The biggest strength of the program for our team is that multiple users can work in the document at the same time. Multiple users can be in the program updating financial statements, footnotes, MD&A - all without stepping on each other's toes.
  • Rolling forward the documents from one period to the next is pretty simple. Links to source documents are maintained and new ones can be added without much hassle.
  • Edits and changes can be made right up until the last minute before filing. There is no waiting period or pencils-down period unless we enforce one ourselves - the Financial Reporting team is in control of the timing of our filings.
Erin Crossland profile photo

Cons

Adaptive Insights, a Workday company

  • The Adaptive Planning portion of the suite is very mature and has few short-comings. The biggest improvement I can think of is the ability for formulas to cross versions.
  • The Adaptive Discovery (dashboard) portion of the suite is much less mature. There are many chart types not available that are in Excel. For example, I would like to have an X-Y scatter chart to use. Also, some of the dial (chart) types have very little formatting options (like pie charts).
  • While the object of the web-based product is to eliminate paper printing, there are times when it is necessary to print financial statements. It would be nice to print directly to pdf with the ability to format the reports.
Jack Kersjes profile photo

Wdesk

  • 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 Insights, a Workday company

Adaptive Insights, a Workday company 8.6
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

Wdesk

No score
No answers yet
No answers on this topic

Usability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.5
Based on 76 answers
Adaptive Planning is intuitive and it's easy to train our users since the database looks a lot like an excel spreadsheet. I've been an Admin for five years and it's easy to maintain the system (setting up users, adding new accounts/cost centers, adding new mappings, controlling access, etc.). The consultants at Adaptive Suite are very accessible and we've engaged them on numerous occasions. For instance, we used consultants to assist with implementing structural changes to our organization (we added legal entities) and with modeling corporate allocations when new allocation functionality became available.
Jennifer Summitt profile photo

Wdesk

No score
No answers yet
No answers on this topic

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

Wdesk

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

Wdesk

No score
No answers yet
No answers on this topic

Support

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 6.8
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

Wdesk

No score
No answers yet
No answers on this topic

Online Training

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.2
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

Wdesk

No score
No answers yet
No answers on this topic

Implementation

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.2
Based on 13 answers
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski profile photo

Wdesk

No score
No answers yet
No answers on this topic

Alternatives Considered

Adaptive Insights, a Workday company

Other than Excel, we did not look at other systems. Key for us was also a bridge or link to our current ERP system, Intacct. I also researched retention of customers with Adaptive. I could not find any vendors who left Adaptive. Strong retention.
Bryan Schmidt profile photo

Wdesk

I liked Merrill Bridge and Wdesk. I'd be happy with either one, as both have a user interface that's simple for seasoned users of the Microsoft suite of products. We use Wdesk because there's a large network of Wdesk users in this community, there are lots of training resources available online and in-person, and all of the departments in the company like the program.
Erin Crossland profile photo

Scalability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo

Wdesk

No score
No answers yet
No answers on this topic

Return on Investment

Adaptive Insights, a Workday company

  • Staffing. Almost certain we would have had to hire a full-time budget analyst to process budgets pre-Adaptive. Savings in labor for salary and benefits is about $150 k annually.
  • Quicker ability to report and complete the budget process. Before Adaptive, the budget process took about 4 months. We have shrunk the time required to about 3 months with additional time now for analysis.
  • What if reporting. Nice to see the impact of changes in the budget with a quick turn around time to report.
Bryan Schmidt profile photo

Wdesk

  • We're saving money by bringing the XBRL tagging function in-house instead of outsourcing that.
  • We're using the built-in access security features to automate as many of our internal controls as possible.
Erin Crossland 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
1.  per seat, per installation
Additional Pricing Details

Wdesk

General

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

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