What users are saying about

Adaptive Insights

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Top Rated
205 Ratings
7 Ratings

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101
7 Ratings
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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

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

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights
8.0
Wdesk
Publish to PDF
Adaptive Insights
8.0
Wdesk
Report Versioning
Adaptive Insights
8.0
Wdesk
Report Delivery Scheduling
Adaptive Insights
8.0
Wdesk

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights
8.6
Wdesk
Long-term financial planning
Adaptive Insights
8.9
Wdesk
Financial budgeting
Adaptive Insights
8.8
Wdesk
Forecasting
Adaptive Insights
9.1
Wdesk
Scenario modeling
Adaptive Insights
8.2
Wdesk
Management reporting
Adaptive Insights
8.1
Wdesk

Consolidation and Close

Adaptive Insights
7.5
Wdesk
Financial data consolidation
Adaptive Insights
7.9
Wdesk
Journal entries and reports
Adaptive Insights
5.6
Wdesk
Multi-currency management
Adaptive Insights
7.6
Wdesk
Intercompany Eliminations
Adaptive Insights
7.5
Wdesk
Minority Ownership
Adaptive Insights
7.1
Wdesk
Local and consolidated reporting
Adaptive Insights
8.3
Wdesk
Detailed Audit Trails
Adaptive Insights
8.5
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
8.4
Wdesk
Automated board and financial reporting
Adaptive Insights
8.5
Wdesk
XBRL support for regulatory filing
Adaptive Insights
7.0
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
8.0
Wdesk
Key Performance Indicator setting
Adaptive Insights
8.0
Wdesk
Benchmarking with external data
Adaptive Insights
7.3
Wdesk

Integration

Adaptive Insights
8.6
Wdesk
Flat file integration
Adaptive Insights
8.3
Wdesk
Excel data integration
Adaptive Insights
8.7
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

  • Infinite ability to group accounts and departments for reporting. The only limitation is the number of ways that you think of in terms of consolidating the information.
  • Being able to build scalable, complex, distributed, budget models. With the data we can bring into the system and the formulas we can use we have all the functionality of the spreadsheet, but with the flexibility to allow leaders across the organization to participate and update their section.
  • The platform allows multiple forecast/budget versions which allows for version control and sensitivity analysis. I can lock versions from changes while quickly creating a new version to see the impact of a +or- scenario to the company’s profitability.
  • With the OfficeConnect tool we can leverage Excel to provide repeatable reports for the board and other business leaders that are repeatable from month to month. While the platform provides more flexibility than an accounting package it still has limitations. Using OfficeConnect I can leverage the power of the Microsoft suite of Excel/Word/PowerPoint directly.
Brian Kyslinger profile photo
  • Customer Service
  • User-Friendly
  • Reliability
Kalynne Cuza, CPA profile photo

Cons

  • On the Infographics page, I would love to see a thumbnail of the infographic before clicking on it. In general, I love that when you hover over a box, you get a more detailed description, but I would also love the ability to hover and then click to see a thumbnail before opening the full page.
  • Similarly, I think the Videos page should have the length of each video somewhere on the squares. This would help people judge how much time they would need to watch each one all the way through, and be able to make an informed decision about how many they could watch in between meetings.
  • There is no free text search bar.
Samantha Monastra profile photo
  • The links to source data and XBRL tags cannot be maintained if you cut a section of one footnote and paste it into another footnote. This function does exist if you want to COPY and paste - but if you want to cut a section out of a footnote and paste it into a different one, you'll have to re-link the text to source data and re-add the XBRL tags.
  • Once your links have been created in a footnote, you can't remove multiple links at the same time. So if you want to remove an entire paragraph that has already been linked and tagged from a footnote, you'll have to go into that paragraph and manually delete each link before you can delete the paragraph.
Erin Crossland profile photo

Likelihood to Renew

Adaptive Insights8.6
Based on 32 answers
Our company is upgrading our SAP system this year and exploring one of the SAP reporting modules, but I don't think it will affect our renewal of Adaptive, especially since I know they are going to roll out an Office integration tool later this year.
Chris Snelling, CFA profile photo
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
The Adaptive Suite is well-rounded. We love the add-on OfficeConnect because it allows us to quickly pull data from Adaptive in a report format. Once you set up the OfficeConnect, it's as easy as pushing a button to re-run. This has been especially helpful for month-end reporting and reconciling data in the Budget.
Samantha Monastra profile photo
No score
No answers yet
No answers on this topic

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
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


Implementation was very easy and fast. The ability to
customize Levels and Dimensions to match our Organization’s structure and
accounting practices is great. Our organization is continually changing and
adaptive has the ability to be changed without issue.

Rose Sipin 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

To be honest - Host Analytics seemed relatively similar to Adaptive. However, Adaptive was our number one choice because:- The Adaptive suite looked a lot better. It seemed smarter and "sharper" and the data visualisation was better.- The people from Adaptive throughout the selection process were more helpful and insightful. This was confirmed throughout the implementation where we had really excellent service and help from Adaptive.
Andy Clifton profile photo
Wdesk is unique and designed to meet the needs to its users- nothing else compares
Kalynne Cuza, 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 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
  • 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

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