NetSuite is a suite of ERP and accounting modules which is sold in various editions aimed at different size customers. The multi-country, multi-currency version is an additional module called OneWorld. Netsuite is a SaaS system and is not offered in an on-premise edition.
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Workday Adaptive Planning
Score 8.0 out of 10
Mid-Size Companies (51-1,000 employees)
Workday Adaptive Planning(formerly Adaptive Insights) is a financial planning and reporting tool. It includes automated budgeting and forecasting, financial reporting, and other active planning capabilities, including integrations with third-party products like Salesforce.
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Pricing
NetSuite ERP
Workday Adaptive Planning
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
NetSuite ERP
Workday Adaptive Planning
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
Yes
Entry-level Setup Fee
No setup fee
Optional
Additional Details
Users subscribe to NetSuite for an annual license fee. The license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. New modules and users and can be added as a business grows.
Workday Adaptive Planning is a software we use specifically for Financial Planning and Analysis. It is much more customizable, and we use it throughout the budgeting and forecasting process. For our instance, we build off of NetSuite ERP as the so-called source of truth for our …
In my opinion, HCM Workday is way better. NetSuite ERP is a better transactional financial system but as a hard core accounting processes, Workday seems to be better, ie fixed assets in my opinion.
The freedom to customize is great in NetSuite. A non-customizable system is great because it works as designed from the start but gets very boring and restricted after a while.
NetSuite ERP is user friendly and allows for us to implement and deploy solutions without much help from the IT department. It also is a "fluid" solution that utilizes a relational database which allows for transactions and records to be connected.
Some of the we use, it seems that NetSuite is starting to close the gap vs other external applications in terms of features which is good but at the same time, some of those required a significant investment so i would not be able to switch easily given the heavy investment. …
NetSuite is a best in class cloud base ERP solution for small to medium size companies. Cracks start to show in the software as business leaders have tried to add new features to make it a 360 solution. New features such as SuiteHR are often half-baked and seem to be used more …
NetSuite is as fully featured as other providers at a more competitive price. Easiest to implement versus some of the largest providers. Has a robust network of 3rd party consultants to draw upon for implementation and to hire into the office of finance.
NetSuite is a massive enterprise-grade ERP system that expertly manages a global organization's financials. My organization has offices in many different countries, and NetSuite provides a superior infrastructure that manages multi-currency journal entries with ease and also …
I have used simple accounting systems like QuickBooks, and I have used huge outdated systems like SAP. NetSuite is far superior to both of them. I wouldn't say its better than QuickBooks but maybe just for a different audience. QuickBooks is really for small companies. SAP, …
Netsuite is much more generic than AMB, and can be applied to many different companies across any industry. AMB is meant specifically for Mortgage companies, so they have much more specified reporting and tools. Adaptive is fantastic for budgeting and forecasting, but is not …
Our short list was NetSuite, Microsoft Dynamics, and Softrax. We felt that NetSuite handled revenue recognition for a SAAS business like us much better. They get it as they themselves are SAAS.
We have since looked at Financial Force and Intacct. Intacct wasn’t a viable …
Workday Adaptive Planning
Verified User
Manager
Chose Workday Adaptive Planning
I choose to use Adaptive instead of Netsuite any opportunity that I get.
Workday Adaptive Planning is not as robust as SAP Ariba, but it is certainly better than BadgePass. The trouble with BadgePass is that it can be a but clunky in some modules that seem like clear bolt ons to the main product UI. Whereas, Ariba was clearly built to satisfy …
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 …
Adaptive stood out because it seemed on the easier end to implement and has a wide customer base (so it is easier to hire people who have used the system before). The total cost of ownership was competitive and scales with the number of seats.
The main thing that sets [Workday] Adaptive [Planning] apart is the fact that it is a cloud based software, user friendly, and allows you to add to or change the model relatively easily. Hyperion is a good tool also but there is more flexibility with [Workday] Adaptive …
Adaptive planning was selected for a different use case of financial planning and management reporting to which is lives up to expectations. We are pleased with Workday's commitment to expand the product offering as the demands of the business continue to grow.
Verified User
Analyst
Chose Workday Adaptive Planning
I haven't evaluated any other tools at this point as Adaptive was already in place at my company when I started this job.
I wasn't fully involved in the decision to purchase Adaptive Insights, but there was consideration of using the NetSuite financial planning module instead of going with Adaptive. The largest benefits of using Adaptive Insights were the additional modeling features and the …
Adaptive Insights is better than their competitors because they have better "best practices" implemented, the product has a great interface, it has structure so your model doesn't get too messy, and it works well. It also has great scenario planning, Excel reporting functions, …
I am not as well informed on the competition to Adaptive; however, many financial experts that I have talked to within the industry rave about the software. A few team members of mine recently left to work for different companies and have complained to us that the software at …
Verified User
Analyst
Chose Workday Adaptive Planning
NetSuite and Adaptive go well together because it automatically pulls the data into Adaptive. You can then manipulate the data once it's in NetSuite. Management reports and Dashboards are automatically updated based on the new data that is pulled in. This saves alot of time …
I have used TM1 and Hyperion in the past and I find Adaptive to be cleaner, more flexible, quicker, and more powerful. It is extremely user friendly and intuitive which means the ramp time for a new employee to feel comfortable and competent with the tool is comparably short. …
Adaptive is flexible and super fast compared to these widely used tools. Also, much easier to maintain singular vision for the team with a single source.
I used extensively the Hyperion Planning tool use the Essbase technology. Adaptive has several easier to use functionalities and does well compared to that tool. Adaptive, is a cloud-based solution which enables easy access not requiring a vpn connection. Also, being …