SaaSOptics vs Workday Adaptive Planning

Likelihood to Recommend

SaaSOptics is awesome for growing companies that want to automate their invoicing. I like that it is also aimed at subscription based sales structures rather than sales that occur at a single point in time (but has the ability to support both). SaaSOptics makes it super easy to keep track of subscriptions, renewals, co-terms, etc. The reporting is a great feature, but we are unable to use most of the reports as we are a cash-based accounting firm. SO caters to accrual accounting and GAAP compliant firms which makes sense as it is the most commonly accepted accounting basis here in the US, but many small SaaS start-ups are still operating on cash basis. We are one of those companies, so we are able to get a ton of use out of the invoicing side of things, a lot of the reports are useless for us. We also wish SO had a commission module since we already integrate our CRM and accounting softwares into it, but that is not a make it or break it for us. We love the time SO has saved us.

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Verified User

Employee in Finance and Accounting

Computer Software Company, 11-50 employees

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Workday Adaptive Planning is extremely well suited to the typical finance budget, forecast, actual reporting cycle and makes it easy to do every monthly forecast at the same level of detail as an annual plan. It takes a lot of pain out of the reconciliation of headcount variances and that type of thing.

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Marvin Hartsfield

Director of Finance

ConexiomInformation Technology & Services, 201-500 employees

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Feature Rating Comparison

SaaSOptics

Workday Adaptive Planning

Pixel Perfect reports

Customizable dashboards

Report Formatting Templates

SaaSOptics

Workday Adaptive Planning

Drill-down analysis

Workday Adaptive Planning

Long-term financial planning

Financial budgeting

Forecasting

Scenario modeling

Management reporting

SaaSOptics

Workday Adaptive Planning

Financial data consolidation

Journal entries and reports

Workday Adaptive Planning

Flat file integration

Excel data integration

Direct links to 3rd-party data sources

Pros

Tracking and renewing all contracts with numerous customers
Invoicing customers via email
Tracking payments by customers by both credit card, ACH or check

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Verified User

C-Level Executive in Finance and Accounting

Information Technology and Services Company, 11-50 employees

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Version Management. Adaptive lets us manage many versions/scenarios all in one platform with the robust ability to compare them to each other.
Processing Performance. With the Elastic Hypercube technology that was implemented a few years back, we can watch changes flow through a complex web of formulas and arrive at an answer within seconds.
Audit Trail. Our administrators love the ability to see and report on who made what changes when, which leads to real accountability within the organization.

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Warren Sampson

Financial Planning and Analysis Manager

S. Martinelli & Co.Food & Beverages, 201-500 employees

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Cons

Our implementation process was a bit overwhelming. Too much information, too deep, should have focused on core functionality first. I believe they fixed this subsequent to our implementation.
Should be able to attach physical contract to the contract level, not at the customer level.
I never really used the analytics and reporting functionality, seems like it would have been great.

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Christopher L. Smith

Chief Financial Officer

GiveGabComputer Software, 51-200 employees

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It would be beneficial to me, as a user, if there was a library of documentation for every type of feature. This could be something regarding formula building, understanding how attributes work, with examples, or a location for basic and advance documentation on Sheet/Model/Cubes.
I would like to have the ability to directly assign some dimensions to accounts easier. A drag and drop feature for that would be interesting. This has been a challenge for me when new dimensions are built and I am unable to assign them to new accounts.
I would also like to see some more formulas or an easier way to do some basic tasks. For example a simple YTD function instead of running a simple, yet long string of texts for the formulas. Or the option for selecting YTD features, removing the need of the formula all together.

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Verified User

Analyst in Finance and Accounting

Hospital & Health Care Company, 51-200 employees

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Likelihood to Renew

No score

No answers yet

No answers on this topic

Workday Adaptive Planning 9.1

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.

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Brad MacDonald

Sr. Director, Finance

T2 BiosystemsBiotechnology, 51-200 employees

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Usability

No score

No answers yet

No answers on this topic

Workday Adaptive Planning 8.7

Based on 95 answers

We have users in all parts of the business that have access. [Even those who] are not financial individuals love the ease of use while being able to drill down and clearly understand what is happening in their department. All levels of the organization find Workday Adaptive Planning useful for both executive level reporting, financial reviews as well as detailed planning by multiple users.

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Dmitry Zaichenko, MBA

Director of Financial Planning and Analysis

Columbia HelicoptersAirlines/Aviation, 501-1000 employees

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Reliability and Availability

No score

No answers yet

No answers on this topic

Workday Adaptive Planning 6.4

Based on 20 answers

There haven't been any lately. The only one issue I can think of is when there was an update in Adaptive that altered our reports. Before I realized there was an issue, Adaptive reached out to let me know, so that it could be fixed.

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Verified User

Analyst in Finance and Accounting

Research Company, 501-1000 employees

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Performance

No score

No answers yet

No answers on this topic

Workday Adaptive Planning 9.1

Based on 10 answers

All aspects of Adaptive Insights perform well. One area that I wish was quicker was integration. When importing data from Intacct our accounting ERP platform, it can sometimes take 4 hours for the import to process. The earlier imports are done, the quicker they complete. My estimate for a quick upload is about two hours.

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Jaynee Tolle

Manager, FP&A

CTI Clinical Trial & ConsultingHospital & Health Care, 501-1000 employees

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Support Rating

No score

No answers yet

No answers on this topic

Workday Adaptive Planning 8.0

Based on 42 answers

The online support for Workday Adaptive Planning is very helpful. I go there at least once a week to find answers to questions and they’re usually very easy to find. If i’m unsuccessful in finding the answer, I email Workday Adaptive Planning support and they’re quick to answer, willing to help, and provide great clarity on the answer if you need it.

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Verified User

Analyst in Finance and Accounting

Airlines/Aviation Company, 5001-10,000 employees

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In-Person Training

No score

No answers yet

No answers on this topic

Workday Adaptive Planning 8.2

Based on 1 answer

Our 3rd party vendor walked us through the whole process and was available for questions after we started using the Adaptive Insights. I would suggest using the online training environment plus an individual walk through of your company's model to get more acquainted with the instance. There were also on-line tutorials to help us along the way.

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Jaynee Tolle

Manager, FP&A

CTI Clinical Trial & ConsultingHospital & Health Care, 501-1000 employees

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Online Training

No score

No answers yet

No answers on this topic

Workday Adaptive Planning 9.1

Based on 7 answers

The training program in Adaptive Insight has grown quite a bit, since I originally implemented in Adaptive Insights. I would now give it a 10 rating and suggest that anyone implementing for the first time work through the certification program. The certification program is a very detailed in depth primer to understanding how the system works.

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Jaynee Tolle

Manager, FP&A

CTI Clinical Trial & ConsultingHospital & Health Care, 501-1000 employees

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Implementation Rating

No score

No answers yet

No answers on this topic

Workday Adaptive Planning 9.1

Based on 45 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

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Greg Clarke

CEO

ABM SystemsManagement Consulting, 11-50 employees

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Alternatives Considered

Zuora is a B2C subscription billing system best used for companies like Netflix. For a B2B company, the sales process can be much more complex and Zuora was never able to handle that. For the 2 years we struggled with Zuora (now referred to the dark ages within our company) we had limited access to knowledgeable support reps who understood the system and accounting/finance. Zuora did not integrate with our GL system, so only summary level data was available, which made reconciling a pain. The reporting never matched up and we had to hire a resource to go through all historical transactions to find the errors. Once SaaSOptics was implemented, it has immediately improved our ability to close our financials in a timely manner. In addition to that, their support team is the best that I've worked with across all vendors. After dealing with Zuora, we spent at least 6 months evaluating SaaSOptics to Zuora and other systems. They convinced us that they were what we needed in order to finally have accurate revenue data. Overall, we selected SaaSOptics because their system is designed for B2B, integrates with our CRM and integrates with our GL, syncing important customer level invoice data.

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Mindy Molisee

Vice President of Accounting and Finance

SkyWireComputer Software, 11-50 employees

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After researching several CPM products, Adaptive and Prophix actually both met our needs quite well. The Adaptive Sales & Design Team went above and beyond in the early stages of exploring whether Adaptive could meet some of our very specific needs. Adaptive's customer service during the exploration phase was noticeably present. We chose Adaptive and a vendor in our local area to implement. Budget Maestro seemed to require more IT resources than what we desired to invest. Vena Solutions was a bit pricey from our perspective and Xlerant didn't quite have what we were looking for in a budgeting tool.

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Limin Kinsey, CPA, CFE

Sr. Business Systems Analyst

Michigan Public Health Institute (MPHI)Non-Profit Organization Management, 501-1000 employees

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Scalability

No score

No answers yet

No answers on this topic

Workday Adaptive Planning 9.1

Based on 8 answers

We went from 2 users to 70+ users over a 2 year period of time. The application scaled wonderfully. 65 of those users were non-finance users so they were able to quickly learn the software and prepare budgets quickly and efficiently. That is the power of Adaptive and its ability to scale

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Verified User

Director in Finance and Accounting

Information Technology and Services Company, 501-1000 employees

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Return on Investment

Not sure about ROI yet because we've only been using it for about 4 months, but it is saving time.
Our management team now has standard reports with which we can manage the business.

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Verified User

C-Level Executive in Finance and Accounting

Information Technology and Services Company, 1-10 employees

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We are seeing more and more how Adaptive can go beyond financial metrics and cross into operational metrics. As we work with other departments in the business, we are working hard to make Adaptive the system of record when it comes to KPI reporting and measuring.

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Mark McConkie

Financial Analyst II

WorkfrontComputer Software, 501-1000 employees

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Pricing Details

General

Free Trial

—

Free/Freemium Version

—

Premium Consulting/Integration Services

—

Entry-level set up fee?

No

General

Free Trial

Yes

Free/Freemium Version

—

Premium Consulting/Integration Services

Yes

Entry-level set up fee?

Optional

Rating Summary

SaaSOptics

Workday Adaptive Planning

SaaSOptics

Workday Adaptive Planning

SaaSOptics

Workday Adaptive Planning

SaaSOptics

Workday Adaptive Planning

SaaSOptics

Workday Adaptive Planning

SaaSOptics

Workday Adaptive Planning

SaaSOptics

Workday Adaptive Planning

SaaSOptics

Workday Adaptive Planning

SaaSOptics

Workday Adaptive Planning

SaaSOptics

Workday Adaptive Planning