What users are saying about

Adaptive Insights

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Top Rated
205 Ratings

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101
21 Ratings
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Score 8.3 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

Workday Financial Management

It was suited for our brand new operation; we 'opened the box' and implemented it from scratch and did not have to sunset older systems and replace with Workday Financial Management. This was well-suited for this. The cloud functionality was a core requirement for the organization, we did not need a Cadillac with all of the trimmings, we moved relatively quickly and installed.
No photo available

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights
9.3
Workday Financial Management
Pixel Perfect reports
Adaptive Insights
9.0
Workday Financial Management
Customizable dashboards
Adaptive Insights
10.0
Workday Financial Management
Report Formatting Templates
Adaptive Insights
9.0
Workday Financial Management

Ad-hoc Reporting

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

Report Output and Scheduling

Adaptive Insights
8.0
Workday Financial Management
Publish to PDF
Adaptive Insights
8.0
Workday Financial Management
Report Versioning
Adaptive Insights
8.0
Workday Financial Management
Report Delivery Scheduling
Adaptive Insights
8.0
Workday Financial Management

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

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

Consolidation and Close

Adaptive Insights
7.5
Workday Financial Management
Financial data consolidation
Adaptive Insights
7.9
Workday Financial Management
Journal entries and reports
Adaptive Insights
5.6
Workday Financial Management
Multi-currency management
Adaptive Insights
7.6
Workday Financial Management
Intercompany Eliminations
Adaptive Insights
7.5
Workday Financial Management
Minority Ownership
Adaptive Insights
7.1
Workday Financial Management
Local and consolidated reporting
Adaptive Insights
8.3
Workday Financial Management
Detailed Audit Trails
Adaptive Insights
8.5
Workday Financial Management

FInancial Reporting and Compliance

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

Analytics

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

Integration

Adaptive Insights
8.6
Workday Financial Management
Flat file integration
Adaptive Insights
8.3
Workday Financial Management
Excel data integration
Adaptive Insights
8.7
Workday Financial Management
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Workday Financial Management

Payroll Management

Adaptive Insights
Workday Financial Management
7.0
Pay calculation
Adaptive Insights
Workday Financial Management
7.0
Benefit plan administration
Adaptive Insights
Workday Financial Management
7.0
Direct deposit files
Adaptive Insights
Workday Financial Management
7.0
Salary revision and increment management
Adaptive Insights
Workday Financial Management
7.0
Reimbursement management
Adaptive Insights
Workday Financial Management
7.0

Customization

Adaptive Insights
Workday Financial Management
8.0
API for custom integration
Adaptive Insights
Workday Financial Management
8.0
Plug-ins
Adaptive Insights
Workday Financial Management
8.0

Security

Adaptive Insights
Workday Financial Management
9.0
Single sign-on capability
Adaptive Insights
Workday Financial Management
9.0
Role-based user permissions
Adaptive Insights
Workday Financial Management
9.0

Reporting & Analytics

Adaptive Insights
Workday Financial Management
7.4
Dashboards
Adaptive Insights
Workday Financial Management
7.0
Standard reports
Adaptive Insights
Workday Financial Management
8.0
Custom reports
Adaptive Insights
Workday Financial Management
7.2

General Ledger and Configurable Accounting

Adaptive Insights
Workday Financial Management
7.9
Accounts payable
Adaptive Insights
Workday Financial Management
8.0
Accounts receivable
Adaptive Insights
Workday Financial Management
8.0
Expense management
Adaptive Insights
Workday Financial Management
8.0
Global Financial Support
Adaptive Insights
Workday Financial Management
7.0
Primary and Secondary Ledgers
Adaptive Insights
Workday Financial Management
8.0
Intercompany Accounting
Adaptive Insights
Workday Financial Management
8.0
Localizations
Adaptive Insights
Workday Financial Management
8.0
Journals and Reconciliations
Adaptive Insights
Workday Financial Management
8.0
Configurable Accounting
Adaptive Insights
Workday Financial Management
8.0
Centralized Rules Framework
Adaptive Insights
Workday Financial Management
8.0
Standardized Processes
Adaptive Insights
Workday Financial Management
8.0

Pros

  • 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
  • We specically wanted a cloud financial management system that we could use in China and communicate reports to the headquarters organization and roll-up reporting. It performs well.
  • It was reasonably priced since we are not a for-profit company and need the Workday flexibility for finance and accounting operations. Most of our requirements are met with this one system.
  • The system worked efficiently with the additional security we built on to keep confidential. Many reports are ready off-the-shelf or easy to develop, which is a strength.
No photo available

Cons

  • It can get cumbersome to have separate sheets for all prepaid expenses. The software works out very neatly - but creating a new sheet for each prepaid expense can be difficult. Because of this, I feel like forecasting is less based on actual plans, and more based on gut feelings, and trends rather than actual plans.
  • I wish OfficeConnect could pull individual lines rather than just aggregated data. The example that I'm trying to work on now is that I would like to pull personnel information from OfficeConnect (mainly pulling lists of employees, or open positions). I don't know how to do that currently. I can pull aggregated data and show totals - but I can't see the individual lines that make up that total within OfficeConnect.
Mark McConkie profile photo
  • We were surprised by the lack of user guides and supporting information for day-to-day users. Granted, we could find this, but our users like guides.
  • The system could improve with contact help and chat functions if you need the answers quickly. We figured this would all have been built in.
  • Quite surprised by the lack of treasury management functionality. SAP and Oracle have it, although their modules are not that comprehensive or user friendly.
No photo available

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
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
Adaptive Insights is incredibly easy to use! OfficeConnect makes creating and updating financial reports a breeze!
Denise Lewis profile photo
No score
No answers yet
No answers on this topic

Reliability and Availability

Adaptive Insights9.1
Based on 9 answers
It's never been out of action when we've needed to use it.
Lee Hawthorn 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

I like how easy Essbase is to pull reports - but I think that OfficeConnect fills that gap. When looking at Hyperion vs Adaptive, I think that Adaptive's input is much easier to navigate. I like Adaptive much more. Because input is so much easier, it helps me be in the system more frequently and rely on it more heavily.
Mark McConkie profile photo
Stacking up it was a faster and more inexpensive implementation. Granted it was still early in the system development years, but the results and the five years of using it speak for themselves. Cloud we wanted, comprehensive financials was a core functional requirement and this was met - it would have taken much longer to implement Workday's competitor systems and we did not have that flexibility. Adding new functionality was relatively painless.
No photo available

Collaboration and Sharing

Adaptive Insights7.5
Based on 17 answers
With workflow I am able to track progress on budget and forecast projects in a timely manner. There is also an organiser to track and assign tasks to users. Security is very flexible.
Robin Webber 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

  • Month-end reporting: It's hard to say how much time Adaptive Insights has provided, but I can say we no longer have formula errors in Excel reports and refreshing financial statements every month only takes a couple of clicks.
  • Budgeting/forecasting: We have saved a tremendous amount of time in our budgeting cycle. After importing a budget in Adaptive Insights and setting up the model with formulas, we are able to copy the most recent budget version into the next budget version and review. Being able to budget in Adaptive Insights also removes the possibility of formula and linking errors that come with Excel.
Denise Lewis profile photo
  • As a new starup affiliate five years ago, we did not have a huge budget. The ROI was met relatively quickly, no surprises here.
  • With minimal consulting assistance, this made the implementation cost reasonable, if any software implementation could be considered reasonable.
  • It was a risk to implement Workday Financial Management in one country but we did leverage it with HCM in the states.
No photo available

Screenshots

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

Workday Financial Management

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

Workday Financial Management More Information