What users are saying about
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Top Rated
240 Ratings
95 Ratings
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Score 8.7 out of 100

Workday Adaptive Planning

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Top Rated
240 Ratings
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Score 8.3 out of 100

Likelihood to Recommend

Financial Edge NXT

I think FENXT is well suited for medium to large sized organizations who are willing to make an investment in their systems. I do not feel this would be worthwhile for small organizations or ones who do not prioritize their database systems.
Brandon Mand | TrustRadius Reviewer

Workday Adaptive Planning

Adaptive Insights is well-suited for accommodating different areas within the organization that have different cost drivers and/or have different allocation needs. The capability to design planning sheets using the lookup values offers flexibility that was difficult to produce with confidence in our other planning tool. Using dimensions and attributes within our organization's design, allows the ability to dissect data in different ways and report in more flexible formats to meet user needs. In addition, the OfficeConnect plug-in with Adaptive offers expanded Board reporting capabilities where Adaptive Reporting may come up short. The Discovery Dashboard provides quick visuals for C-Suite on demand.
Limin Kinsey, CPA, CFE | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Financial Edge NXT
7.3
Workday Adaptive Planning
Pay calculation
Financial Edge NXT
4.9
Workday Adaptive Planning
Direct deposit files
Financial Edge NXT
5.2
Workday Adaptive Planning
Salary revision and increment management
Financial Edge NXT
9.9
Workday Adaptive Planning
Reimbursement management
Financial Edge NXT
9.0
Workday Adaptive Planning

Customization

Financial Edge NXT
7.8
Workday Adaptive Planning
API for custom integration
Financial Edge NXT
8.5
Workday Adaptive Planning
Plug-ins
Financial Edge NXT
7.0
Workday Adaptive Planning

Security

Financial Edge NXT
8.8
Workday Adaptive Planning
Single sign-on capability
Financial Edge NXT
8.9
Workday Adaptive Planning
Role-based user permissions
Financial Edge NXT
8.6
Workday Adaptive Planning

Reporting & Analytics

Financial Edge NXT
8.2
Workday Adaptive Planning
Dashboards
Financial Edge NXT
7.3
Workday Adaptive Planning
Standard reports
Financial Edge NXT
8.7
Workday Adaptive Planning
Custom reports
Financial Edge NXT
8.7
Workday Adaptive Planning

General Ledger and Configurable Accounting

Financial Edge NXT
8.2
Workday Adaptive Planning
Accounts payable
Financial Edge NXT
9.0
Workday Adaptive Planning
Accounts receivable
Financial Edge NXT
7.0
Workday Adaptive Planning
Cash management
Financial Edge NXT
9.0
Workday Adaptive Planning
Bank reconciliation
Financial Edge NXT
8.7
Workday Adaptive Planning
Expense management
Financial Edge NXT
8.9
Workday Adaptive Planning
Time tracking
Financial Edge NXT
6.4
Workday Adaptive Planning
Fixed asset management
Financial Edge NXT
9.0
Workday Adaptive Planning
Multi-currency support
Financial Edge NXT
7.9
Workday Adaptive Planning
Multi-division support
Financial Edge NXT
9.0
Workday Adaptive Planning
Regulations compliance
Financial Edge NXT
9.8
Workday Adaptive Planning
Electronic tax filing
Financial Edge NXT
5.3
Workday Adaptive Planning
Self-service portal
Financial Edge NXT
9.0
Workday Adaptive Planning

Order Management

Financial Edge NXT
5.8
Workday Adaptive Planning
Pricing
Financial Edge NXT
6.5
Workday Adaptive Planning
Credit card processing
Financial Edge NXT
9.4
Workday Adaptive Planning
Cost of goods sold
Financial Edge NXT
1.4
Workday Adaptive Planning

BI Standard Reporting

Financial Edge NXT
Workday Adaptive Planning
9.3
Pixel Perfect reports
Financial Edge NXT
Workday Adaptive Planning
9.0
Customizable dashboards
Financial Edge NXT
Workday Adaptive Planning
10.0
Report Formatting Templates
Financial Edge NXT
Workday Adaptive Planning
9.0

Ad-hoc Reporting

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

Report Output and Scheduling

Financial Edge NXT
Workday Adaptive Planning
8.0
Publish to PDF
Financial Edge NXT
Workday Adaptive Planning
8.0
Report Versioning
Financial Edge NXT
Workday Adaptive Planning
8.0
Report Delivery Scheduling
Financial Edge NXT
Workday Adaptive Planning
8.0

Data Discovery and Visualization

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

Access Control and Security

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

Mobile Capabilities

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

Budgeting, Planning, and Forecasting

Financial Edge NXT
Workday Adaptive Planning
8.4
Long-term financial planning
Financial Edge NXT
Workday Adaptive Planning
7.8
Financial budgeting
Financial Edge NXT
Workday Adaptive Planning
8.9
Forecasting
Financial Edge NXT
Workday Adaptive Planning
9.0
Scenario modeling
Financial Edge NXT
Workday Adaptive Planning
7.1
Management reporting
Financial Edge NXT
Workday Adaptive Planning
9.0

Consolidation and Close

Financial Edge NXT
Workday Adaptive Planning
8.0
Financial data consolidation
Financial Edge NXT
Workday Adaptive Planning
8.8
Journal entries and reports
Financial Edge NXT
Workday Adaptive Planning
6.4
Multi-currency management
Financial Edge NXT
Workday Adaptive Planning
7.6
Intercompany Eliminations
Financial Edge NXT
Workday Adaptive Planning
7.9
Minority Ownership
Financial Edge NXT
Workday Adaptive Planning
8.0
Local and consolidated reporting
Financial Edge NXT
Workday Adaptive Planning
8.6
Detailed Audit Trails
Financial Edge NXT
Workday Adaptive Planning
8.6

Financial Reporting and Compliance

Financial Edge NXT
Workday Adaptive Planning
7.9
Financial Statement Reporting
Financial Edge NXT
Workday Adaptive Planning
8.7
Management Reporting
Financial Edge NXT
Workday Adaptive Planning
8.6
Excel-based Reporting
Financial Edge NXT
Workday Adaptive Planning
7.4
Automated board and financial reporting
Financial Edge NXT
Workday Adaptive Planning
7.4
XBRL support for regulatory filing
Financial Edge NXT
Workday Adaptive Planning
7.7

Analytics

Financial Edge NXT
Workday Adaptive Planning
6.9
Personalized dashboards
Financial Edge NXT
Workday Adaptive Planning
7.5
Color-coded scorecards
Financial Edge NXT
Workday Adaptive Planning
6.4
KPIs
Financial Edge NXT
Workday Adaptive Planning
7.3
Cost and profitability analysis
Financial Edge NXT
Workday Adaptive Planning
8.3
Key Performance Indicator setting
Financial Edge NXT
Workday Adaptive Planning
7.9
Benchmarking with external data
Financial Edge NXT
Workday Adaptive Planning
4.2

Integration

Financial Edge NXT
Workday Adaptive Planning
8.3
Flat file integration
Financial Edge NXT
Workday Adaptive Planning
8.3
Excel data integration
Financial Edge NXT
Workday Adaptive Planning
8.4
Direct links to 3rd-party data sources
Financial Edge NXT
Workday Adaptive Planning
8.2

Pros

Financial Edge NXT

  • Data entry is much easier with NXT especially for accounts payable
  • Reporting is fantastic with the ability to drill down in the reports to the detail and to export reports in more consistent formats (PDF, Excel)
  • Bank reconciliation is a breeze with the cash management capabilities
Pamela Wittmayer | TrustRadius Reviewer

Workday Adaptive Planning

  • 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 | TrustRadius Reviewer

Cons

Financial Edge NXT

  • The dashboards need to be imported onto company website for board review
  • The financial reports generated within the program should be as appealing (not so canned) to the ones we have to format in excel
  • Implementation costs could be a lot less
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

  • When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section.
  • Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation.
  • You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.
Brian Kyslinger | TrustRadius Reviewer

Likelihood to Renew

Financial Edge NXT

Financial Edge NXT 7.8
Based on 3 answers
There aren't too many non-profit specific financial/accounting software solutions available. Even so, Financial Edge NXT meets the needs of our staff and allows us to operate efficiently.
Gregory Seay, CMA, CPA | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 9.0
Based on 34 answers
The tools is powerful for planning and reporting purposes, but also very easy to use for non-financial end-users. Team members have expressed how happy they are with the application and the ability we've given them to make their work lives more efficient.
Brad MacDonald | TrustRadius Reviewer

Usability

Financial Edge NXT

Financial Edge NXT 5.5
Based on 1 answer
Still needs development to match the old client server version
Michael Downs | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 7.4
Based on 79 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak | TrustRadius Reviewer

Reliability and Availability

Financial Edge NXT

No score
No answers yet
No answers on this topic

Workday Adaptive Planning

Workday Adaptive Planning 6.9
Based on 10 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 | TrustRadius Reviewer

Performance

Financial Edge NXT

No score
No answers yet
No answers on this topic

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 5 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg | TrustRadius Reviewer

Support Rating

Financial Edge NXT

Financial Edge NXT 10.0
Based on 3 answers
Excellent support given by people who fully understand the system and your question. Multiple channels to access support, and an easy-to-use tracking system for support requests. No language barriers, and people unafraid to admit they don't know the answer. If followup is needed, they get back to me when they say they will, and they keep after a problem until it's resolved. I LOVE BLACKBAUD's SUPPORT!
Susan Cornforth | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 8.2
Based on 26 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 | TrustRadius Reviewer

Online Training

Financial Edge NXT

No score
No answers yet
No answers on this topic

Workday Adaptive Planning

Workday Adaptive Planning 8.9
Based on 7 answers
Online webinars provided by Adaptive Insights gave me the opportunity to explore more features in AI and perform my tasks more efficiently.
Lenny Wu, MBA, MA, CPA, CGA | TrustRadius Reviewer

Implementation Rating

Financial Edge NXT

Financial Edge NXT 6.4
Based on 1 answer
From an IT perspective, read up on the user setup integrated with the DB View
Michael Downs | TrustRadius Reviewer

Workday Adaptive Planning

Workday Adaptive Planning 8.9
Based on 30 answers
Be open to working up the plan in a way that leverages the power of the software.

Look to maximise the knowledge transfer early on - the software is very usable. You'll be able to maintain it yourself rather than being hooked to the partner
Lee Hawthorn | TrustRadius Reviewer

Alternatives Considered

Financial Edge NXT

I have used other products such as Banner at previous jobs. When I came to my current job, they already had Financial Edge in place. It was easy to learn and more user-friendly than Banner and other programs I had previously used. We converted to Financial Edge NXT shortly after I started working there. The advantages of Financial Edge NXT are a great benefit.
Tracy Spence | TrustRadius Reviewer

Workday Adaptive Planning

For us, it came down to Adaptive Insights and Host Analytics. The benefits seemed very comparable. We ultimately decided on Adaptive Insights because it cost less to implement and the time to implement was less compared to Host Analytics. We are VERY happy with our decision to go with Adaptive Insights.
Denise Lewis | TrustRadius Reviewer

Scalability

Financial Edge NXT

No score
No answers yet
No answers on this topic

Workday Adaptive Planning

Workday Adaptive Planning 9.1
Based on 8 answers
Some aspects of the application are very scalable (formulae, metadata changes, adding/changing users, etc.) while others are less so (dashboards, data integration etc.)
Bob Katz, CMA, CFM, CFP® | TrustRadius Reviewer

Return on Investment

Financial Edge NXT

  • Positive impact on our desire to 'modernize' (i.e. getting a system that looks and feels more contemporary than our previous accounting systems).
  • Generally positive impact in our ability to streamline or simplify some of our accounting processes that took longer in our previous accounting system.
  • Negative cost impact in that we pay much more for NXT than our old system. In retrospect it may not have been worth it to pay for 'NXT', and we might have just gone with the database view, as that is perfectly suitable. But admittedly I am not sure about the pricing difference.
Anonymous | TrustRadius Reviewer

Workday Adaptive Planning

  • We use Adaptive Planning as our main budgeting software. Adaptive is always releasing new features to improve the functionality, and this makes working it is much more efficient.
  • Adaptive has many resources to help you use Adaptive. However, not many answers can be found on Google.
Samantha Monastra | TrustRadius Reviewer

Screenshots

Pricing Details

Financial Edge NXT

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required

Workday Adaptive Planning

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

* per seat, per installation

Rating Summary

Likelihood to Recommend

Financial Edge NXT
8.2
Workday Adaptive Planning
7.4

Likelihood to Renew

Financial Edge NXT
7.8
Workday Adaptive Planning
9.0

Usability

Financial Edge NXT
5.5
Workday Adaptive Planning
7.4

Reliability and Availability

Financial Edge NXT
Workday Adaptive Planning
6.9

Performance

Financial Edge NXT
Workday Adaptive Planning
9.1

Support Rating

Financial Edge NXT
10.0
Workday Adaptive Planning
8.2

In-Person Training

Financial Edge NXT
Workday Adaptive Planning
8.2

Online Training

Financial Edge NXT
Workday Adaptive Planning
8.9

Implementation Rating

Financial Edge NXT
6.4
Workday Adaptive Planning
8.9

Scalability

Financial Edge NXT
Workday Adaptive Planning
9.1

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