What users are saying about

Adaptive Insights

Top Rated
204 Ratings

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

Workday Prism Analytics

1 Ratings
Score 9 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 Prism Analytics

If any client is seriously looking for a BI tool on Hadoop and doesn’t want to compromise with any technology barriers with Hadoop such as security, compressions, formats etc., I recommend platfora for them. If clients are not dealing with big data then I don't recommend this tool.It’s a great tool to do quantitative, time series analysis and data science.
Srikanth Daggumalli profile photo

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Adaptive Insights
8.7
Workday Prism Analytics
Long-term financial planning
Adaptive Insights
8.9
Workday Prism Analytics
Financial budgeting
Adaptive Insights
8.9
Workday Prism Analytics
Forecasting
Adaptive Insights
9.1
Workday Prism Analytics
Scenario modeling
Adaptive Insights
8.3
Workday Prism Analytics
Management reporting
Adaptive Insights
8.2
Workday Prism Analytics

Consolidation and Close

Adaptive Insights
7.5
Workday Prism Analytics
Financial data consolidation
Adaptive Insights
7.9
Workday Prism Analytics
Journal entries and reports
Adaptive Insights
5.5
Workday Prism Analytics
Multi-currency management
Adaptive Insights
7.7
Workday Prism Analytics
Intercompany Eliminations
Adaptive Insights
7.5
Workday Prism Analytics
Minority Ownership
Adaptive Insights
7.0
Workday Prism Analytics
Local and consolidated reporting
Adaptive Insights
8.3
Workday Prism Analytics
Detailed Audit Trails
Adaptive Insights
8.6
Workday Prism Analytics

FInancial Reporting and Compliance

Adaptive Insights
8.3
Workday Prism Analytics
Financial Statement Reporting
Adaptive Insights
9.0
Workday Prism Analytics
Management Reporting
Adaptive Insights
8.6
Workday Prism Analytics
Excel-based Reporting
Adaptive Insights
8.5
Workday Prism Analytics
Automated board and financial reporting
Adaptive Insights
8.5
Workday Prism Analytics
XBRL support for regulatory filing
Adaptive Insights
6.9
Workday Prism Analytics

Analytics

Adaptive Insights
7.6
Workday Prism Analytics
Personalized dashboards
Adaptive Insights
7.3
Workday Prism Analytics
Color-coded scorecards
Adaptive Insights
6.8
Workday Prism Analytics
KPIs
Adaptive Insights
8.0
Workday Prism Analytics
Cost and profitability analysis
Adaptive Insights
8.1
Workday Prism Analytics
Key Performance Indicator setting
Adaptive Insights
8.1
Workday Prism Analytics
Benchmarking with external data
Adaptive Insights
7.3
Workday Prism Analytics

Integration

Adaptive Insights
8.6
Workday Prism Analytics
Flat file integration
Adaptive Insights
8.4
Workday Prism Analytics
Excel data integration
Adaptive Insights
8.8
Workday Prism Analytics
Direct links to 3rd-party data sources
Adaptive Insights
8.7
Workday Prism Analytics

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
  • It's web based. No need to install any desktop clients on your machine to use platfora.
  • It's best suited for a big data Hadoop environment. I can rate it as the #1 BI tool for a big data hadoop environment.
  • Platfora follows kind of the same architecture as Hadoop architecture like Master and Slave architecture. It scales with the data volumes.
  • Querying data is very good and very fast. (Platfora Lens)
  • Client presentation wise it's good. You can get different kinds of graphs.
  • Platfora almost supports everything on Big Data technologies including file formats, compression etc.
  • Security is not compromised and it can deal in parallel with any Hadoop distributor security implementations. Just take an example of Knox on Hortonworks, so it will deal with that and cloudera , MapR
  • Its very easily understandable and for the new people who wants to try platfora, learning curve is low
  • You can create your own datasets in platfora. You can store your results as a dataset in platfora and can share across
Srikanth Daggumalli profile photo

Cons

  • Users need more visibility for external reporting. If this already exists, then I would suggest more training or webcasts that cover this topic.
  • On the sales side of things, I would suggest ensuring that your NEW users are aware of the amount of training involved in learning to be an ADMIN for Adaptive Insights. Users need to be able to move beyond the implementation to active use. Yes, Adaptive makes things easy, but only if you know how to write the formulas and set things up correctly to run in the background. Hands-on training is a must! Our implementation was 3 years ago, though, so maybe things have improved somewhat since then.
  • More problem/solution-specific forums for users to interact with each other and find new and better ways of handling unique issues. Since Adaptive is so flexible, it often takes bouncing ideas off others to figure out the best way to plan for certain types of revenue or expenses.
Amy Kee, CPA profile photo
  • Data Movement - Data needs to be moved from Hadoop to Platfora to create Platfora Lens and to do analytics.
  • To support Data movement, infrastructure cost is high.
  • To support data movement, network bandwidth consumption is high.
  • No trial versions for companies to evaluate.
Srikanth Daggumalli profile photo

Likelihood to Renew

Adaptive Insights8.5
Based on 32 answers
At this point we have set up our reporting to integrate with Adaptive. We have spent some non-recurring money to set up and populate the system. Switching at this point would only be an option if we were unhappy with the decision. This might seem like I am side-stepping the issue but I think an important point is being made. Whatever system you decide to go with, changing later is costly and unproductive. We chose Adaptive and have absolutely no regrets. We are currently at a crossroads here at Teachscape and are looking at several different potential options. If we were still relying on a 20 to 40 sheet Excel workbook with thousands of links and formulas, I don't think I would be able to sleep at night. Adaptive gives me a greater level of comfort.
Michael Bright profile photo
No score
No answers yet
No answers on this topic

Usability

Adaptive Insights7.7
Based on 75 answers
Adaptive is very easy to use, but it requires some training to get comfortable with it.
Amy Kee, CPA 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

Adaptive is much more flexible and powerful for our needs. It provides a wealth of reporting tools and capabilities that Cognos simply didn't or couldn't provide. The ability to have a team of one completely implement and manage the solution for a company is not unreasonable (as I'm currently doing this). Based on my previous experience, that would probably not be the case with other solutions.
Brad MacDonald profile photo
Srikanth Daggumalli 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

  • 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
  • It's very positive for us to use platfora in terms of ROI
Srikanth Daggumalli 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

Workday Prism Analytics

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

Workday Prism Analytics More Information