What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Workday Financial Management

18 Ratings
Score 8 out of 101

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Likelihood to Recommend

Adaptive Insights

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

I thought this was a great tool for putting together and tracking our department's actuals. Kind of like a Google Doc, people could edit it in real-time and comment. Which is great as I work on projects with coworkers where the events and projects are using different budgets. It helps to sort through what items should hit each budget.
No photo available

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
Workday Financial Management
Long-term financial planning
Adaptive Insights
8.9
Workday Financial Management
Financial budgeting
Adaptive Insights
8.9
Workday Financial Management
Forecasting
Adaptive Insights
9.1
Workday Financial Management
Scenario modeling
Adaptive Insights
8.3
Workday Financial Management
Management reporting
Adaptive Insights
8.2
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
5.5
Workday Financial Management
Multi-currency management
Adaptive Insights
7.7
Workday Financial Management
Intercompany Eliminations
Adaptive Insights
7.5
Workday Financial Management
Minority Ownership
Adaptive Insights
7.0
Workday Financial Management
Local and consolidated reporting
Adaptive Insights
8.3
Workday Financial Management
Detailed Audit Trails
Adaptive Insights
8.6
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
8.5
Workday Financial Management
Automated board and financial reporting
Adaptive Insights
8.5
Workday Financial Management
XBRL support for regulatory filing
Adaptive Insights
6.9
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
8.1
Workday Financial Management
Key Performance Indicator setting
Adaptive Insights
8.1
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
8.4
Workday Financial Management
Excel data integration
Adaptive Insights
8.8
Workday Financial Management
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Workday Financial Management

Reporting & Analytics

Adaptive Insights
Workday Financial Management
7.7
Dashboards
Adaptive Insights
Workday Financial Management
7.0
Standard reports
Adaptive Insights
Workday Financial Management
8.0
Custom reports
Adaptive Insights
Workday Financial Management
8.0

General Ledger and Configurable Accounting

Adaptive Insights
Workday Financial Management
8.0
Expense management
Adaptive Insights
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
  • I really liked being able to put together reports for my supervisor by using the financial planning tools. I was able to show our actuals which then allowed my boss to talk more easily with our accounting department to plan future budgets.
No photo available

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
  • We only used this system for a short time before switching over to new software, but nothing from my experience. There are a lot of great tools with Workday Financial Management, I'm sure our other departments could have made great use out of features like inventory, expenses, or procurement.
No photo available

Likelihood to Renew

Adaptive Insights8.5
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
I think that it is very intuitive and once you get to know the system it is very user-friendly.The reporting module is especially impressive with the drag and drop reporting - our business really loves this.The system looks modern and "smart" and I never hesitate to show it off to stakeholders across the business.Some of the "back end" formula set up can sometimes involve lots of heavy lifting as a power user.
Andy Clifton 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
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

My decision came down to Adaptive vs Host Analytics. Host made the claim that because their sheets were just like excel, you wouldn't need to learn any new commands. Rather, I thought that was a downside. I didn't want another glorified version of excel, I was looking for something different, something new. Adaptive had that. They were also far more willing to work with a nonprofit and become a partner, rather than just a vendor.
Daniel Killpack profile photo
I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!
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

  • 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
  • From my experience with it, it had a positive impact on our business by helping make smoother financial reports.
  • Easy to collaborate with others on building actual reports.
  • Made life easier for supervisors by allowing them to quickly and easily look over actual information, to move forward wth planning future budgets.
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