Adaptive Insights, a Workday company

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Top Rated
211 Ratings

Adaptive Insights, a Workday company

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Top Rated
211 Ratings
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Score 8.6 out of 101
22 Ratings
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Score 8.5 out of 101

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Likelihood to Recommend

Adaptive Insights, a Workday company

It is well suited for mid-size companies to have a budgeting, forecasting, and reporting platform. The system needs data and someone to maintain it so it would not be well suited for a small company or one without a dedicated finance team.
Brian Kyslinger 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, a Workday company
9.3
Workday Financial Management
Pixel Perfect reports
Adaptive Insights, a Workday company
9.0
Workday Financial Management
Customizable dashboards
Adaptive Insights, a Workday company
10.0
Workday Financial Management
Report Formatting Templates
Adaptive Insights, a Workday company
9.0
Workday Financial Management

Ad-hoc Reporting

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

Report Output and Scheduling

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

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Adaptive Insights, a Workday company
8.5
Workday Financial Management
Long-term financial planning
Adaptive Insights, a Workday company
8.8
Workday Financial Management
Financial budgeting
Adaptive Insights, a Workday company
8.8
Workday Financial Management
Forecasting
Adaptive Insights, a Workday company
9.0
Workday Financial Management
Scenario modeling
Adaptive Insights, a Workday company
8.1
Workday Financial Management
Management reporting
Adaptive Insights, a Workday company
8.0
Workday Financial Management

Consolidation and Close

Adaptive Insights, a Workday company
7.5
Workday Financial Management
Financial data consolidation
Adaptive Insights, a Workday company
7.9
Workday Financial Management
Journal entries and reports
Adaptive Insights, a Workday company
5.7
Workday Financial Management
Multi-currency management
Adaptive Insights, a Workday company
7.5
Workday Financial Management
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
Workday Financial Management
Minority Ownership
Adaptive Insights, a Workday company
7.1
Workday Financial Management
Local and consolidated reporting
Adaptive Insights, a Workday company
8.2
Workday Financial Management
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
Workday Financial Management

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
8.2
Workday Financial Management
Financial Statement Reporting
Adaptive Insights, a Workday company
8.9
Workday Financial Management
Management Reporting
Adaptive Insights, a Workday company
8.5
Workday Financial Management
Excel-based Reporting
Adaptive Insights, a Workday company
8.3
Workday Financial Management
Automated board and financial reporting
Adaptive Insights, a Workday company
8.3
Workday Financial Management
XBRL support for regulatory filing
Adaptive Insights, a Workday company
7.0
Workday Financial Management

Analytics

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

Integration

Adaptive Insights, a Workday company
8.5
Workday Financial Management
Flat file integration
Adaptive Insights, a Workday company
8.2
Workday Financial Management
Excel data integration
Adaptive Insights, a Workday company
8.6
Workday Financial Management
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.6
Workday Financial Management

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

Adaptive Insights, a Workday company
Workday Financial Management
7.4
Dashboards
Adaptive Insights, a Workday company
Workday Financial Management
7.0
Standard reports
Adaptive Insights, a Workday company
Workday Financial Management
8.0
Custom reports
Adaptive Insights, a Workday company
Workday Financial Management
7.1

General Ledger and Configurable Accounting

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

Pros

  • Financial Reporting - Building financial statements in OfficeConnect is a breeze! They are quick and easy to update on a monthly basis! The HTML reporting within Adaptive Insights is also particularly useful for department and adhoc reports!
  • Budgeting/Forecasting - Being able to budget/forecast within Adaptive Insights has significantly cut down on the time it takes to budget by utilizing formulas and assumptions within the model! We reforecast quarterly, and with Adaptive Insights, it's painless when compared to the Excel forecasting we did previously.
  • Cash Flow Statement - Creating this for the annual audit was painful before Adaptive Insights! Now, it's a simple export from Adaptive Insights.
  • Dashboards - The dashboards that can be created are endless and provide valuable insight for our executives in real-time!
Denise Lewis 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

  • 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
  • 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 Insights, a Workday company8.6
Based on 32 answers
There is nothing else out there that even comes close. I think of what the perfect solution is for planning, consolidations, reporting and analysis and Adaptive is already there. Nobody else is even in the same ball park. The support staff is the greatest. They respond very rapidly with the same level of concern that we as customers show
Robert Scrimshaw profile photo
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights, a Workday company7.6
Based on 76 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 Insights, a Workday company9.1
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
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Performance

Adaptive Insights, a Workday company9.1
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 Insights, a Workday company6.8
Based on 11 answers
Support questions are always answered quickly.
Andrew Rosenberg profile photo
No score
No answers yet
No answers on this topic

Online Training

Adaptive Insights, a Workday company8.2
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 Insights, a Workday company8.2
Based on 13 answers
In our experience the Adaptive Suite is quick and easy to deploy. Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer. When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget
Greg Clarke profile photo
No score
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Alternatives Considered

We previously only used Excel for budgeting and reporting. We now use Adaptive for all budgeting and use an add-on product called Office Connect to build reports that automate our data each month. We find the Office Connect reporting a little more user-friendly than the in-house reporting feature.
Amy Kee, CPA 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

Scalability

Adaptive Insights, a Workday company9.1
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

  • Easily will save 75% of finance team time on budgeting and planning.
  • Improved cost control, budgets, and forecasts are at the users' finger tips with actuals vs. budget vs forecast. No excuses to overspend and allows finance to be better business partners.
KaReese Watkins, CMA 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

Workday Financial Management

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

Adaptive Insights, a Workday company 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