Workday Adaptive Planning vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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.N/A
Workday Financial Management
Score 8.2 out of 10
N/A
Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model,…N/A
Pricing
Workday Adaptive PlanningWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Workday Adaptive PlanningWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Community Pulse
Workday Adaptive PlanningWorkday Financial Management
Considered Both Products
Workday Adaptive Planning
Chose Workday Adaptive Planning
Like I said in a previous question, the fact that there was downtime that was needed to update all the data that was entered in a day was not ideal. This caused for hours lost on the data update and didn't allow our leaders to see the affects immediately like Workday Adaptive …
Chose Workday Adaptive Planning
Workday Adaptive Planning is less expensive than Oracle, and the integration is continuous.
Chose Workday Adaptive Planning
Very easy to do it yourself. WIth Hyperion/Anaplan, I had to rely on outside resources to do basic model changes.
Chose Workday Adaptive Planning
I haven't used a separate planning tool in great depth like Adaptive. Our company used Host Analytics prior to Adaptive but I didn't have a lot of experience with it. The other software I've used for planning is Excel. Excel is obviously capable of a lot of complex lookups and …
Chose Workday Adaptive Planning
Our previous platform was patchwork tools and unintegrated. We were clunky and poorly organized. The system was slow and difficult to use, and it was either overhaul it or start over. We evaluated our options holistically and went with Workday. It works better and faster, and …
Chose Workday Adaptive Planning
I prefer Adaptive Planning in comparison to Planful and Data Rails. It feels like is has been easier to use with a quicker learning curve. The other systems were more intimidating for the nonfinance users, like the budget owners who would only need it for reporting or inputting …
Workday Financial Management

No answer on this topic

Top Pros
Top Cons
Features
Workday Adaptive PlanningWorkday Financial Management
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Workday Adaptive Planning
9.3
1 Ratings
19% above category average
Workday Financial Management
-
Ratings
Pixel Perfect reports9.01 Ratings00 Ratings
Customizable dashboards10.01 Ratings00 Ratings
Report Formatting Templates9.01 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Workday Adaptive Planning
8.0
1 Ratings
2% below category average
Workday Financial Management
-
Ratings
Drill-down analysis9.01 Ratings00 Ratings
Formatting capabilities7.01 Ratings00 Ratings
Integration with R or other statistical packages8.01 Ratings00 Ratings
Report sharing and collaboration8.01 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Workday Adaptive Planning
8.0
1 Ratings
3% below category average
Workday Financial Management
-
Ratings
Publish to PDF8.01 Ratings00 Ratings
Report Versioning8.01 Ratings00 Ratings
Report Delivery Scheduling8.01 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Workday Adaptive Planning
7.7
1 Ratings
2% above category average
Workday Financial Management
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)7.01 Ratings00 Ratings
Location Analytics / Geographic Visualization8.01 Ratings00 Ratings
Predictive Analytics8.01 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Workday Adaptive Planning
9.0
1 Ratings
3% above category average
Workday Financial Management
-
Ratings
Multi-User Support (named login)9.01 Ratings00 Ratings
Role-Based Security Model9.01 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.01 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Workday Adaptive Planning
8.5
1 Ratings
8% above category average
Workday Financial Management
-
Ratings
Responsive Design for Web Access8.01 Ratings00 Ratings
Mobile Application8.01 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile10.01 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Workday Adaptive Planning
9.0
187 Ratings
8% above category average
Workday Financial Management
-
Ratings
Long-term financial planning8.7173 Ratings00 Ratings
Financial budgeting9.5184 Ratings00 Ratings
Forecasting9.0179 Ratings00 Ratings
Scenario modeling9.2170 Ratings00 Ratings
Management reporting8.7184 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Workday Adaptive Planning
6.9
152 Ratings
14% below category average
Workday Financial Management
-
Ratings
Financial data consolidation7.0115 Ratings00 Ratings
Journal entries and reports6.575 Ratings00 Ratings
Multi-currency management6.887 Ratings00 Ratings
Intercompany Eliminations5.868 Ratings00 Ratings
Minority Ownership5.840 Ratings00 Ratings
Local and consolidated reporting9.0102 Ratings00 Ratings
Detailed Audit Trails7.7127 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Workday Adaptive Planning
8.5
175 Ratings
5% above category average
Workday Financial Management
-
Ratings
Financial Statement Reporting9.0154 Ratings00 Ratings
Management Reporting8.9170 Ratings00 Ratings
Excel-based Reporting8.4169 Ratings00 Ratings
Automated board and financial reporting9.1146 Ratings00 Ratings
XBRL support for regulatory filing7.028 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Workday Adaptive Planning
8.2
144 Ratings
2% above category average
Workday Financial Management
-
Ratings
Personalized dashboards7.6126 Ratings00 Ratings
Color-coded scorecards8.0105 Ratings00 Ratings
KPIs8.8117 Ratings00 Ratings
Cost and profitability analysis7.8119 Ratings00 Ratings
Key Performance Indicator setting8.7101 Ratings00 Ratings
Benchmarking with external data8.470 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Workday Adaptive Planning
8.5
165 Ratings
2% above category average
Workday Financial Management
-
Ratings
Flat file integration9.2129 Ratings00 Ratings
Excel data integration8.1158 Ratings00 Ratings
Direct links to 3rd-party data sources8.3120 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Workday Adaptive Planning
-
Ratings
Workday Financial Management
8.3
19 Ratings
15% above category average
Pay calculation00 Ratings8.519 Ratings
Benefit plan administration00 Ratings8.816 Ratings
Direct deposit files00 Ratings8.416 Ratings
Customization
Comparison of Customization features of Product A and Product B
Workday Adaptive Planning
-
Ratings
Workday Financial Management
8.3
17 Ratings
9% above category average
API for custom integration00 Ratings8.414 Ratings
Plug-ins00 Ratings8.316 Ratings
Security
Comparison of Security features of Product A and Product B
Workday Adaptive Planning
-
Ratings
Workday Financial Management
8.9
21 Ratings
9% above category average
Single sign-on capability00 Ratings8.921 Ratings
Role-based user permissions00 Ratings8.919 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Workday Adaptive Planning
-
Ratings
Workday Financial Management
8.6
23 Ratings
18% above category average
Dashboards00 Ratings8.423 Ratings
Standard reports00 Ratings8.920 Ratings
Custom reports00 Ratings8.518 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Workday Adaptive Planning
-
Ratings
Workday Financial Management
8.5
19 Ratings
10% above category average
Accounts payable00 Ratings8.914 Ratings
Accounts receivable00 Ratings9.014 Ratings
Global Financial Support00 Ratings8.315 Ratings
Primary and Secondary Ledgers00 Ratings8.715 Ratings
Journals and Reconciliations00 Ratings8.912 Ratings
Configurable Accounting00 Ratings8.215 Ratings
Standardized Processes00 Ratings9.016 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Workday Adaptive Planning
-
Ratings
Workday Financial Management
8.7
8 Ratings
10% above category average
Inventory tracking00 Ratings9.08 Ratings
Automatic reordering00 Ratings8.68 Ratings
Location management00 Ratings8.57 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Workday Adaptive Planning
-
Ratings
Workday Financial Management
9.2
9 Ratings
16% above category average
Credit card processing00 Ratings9.29 Ratings
Best Alternatives
Workday Adaptive PlanningWorkday Financial Management
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.3 out of 10
Acumatica
Acumatica
Score 8.7 out of 10
Medium-sized Companies
Centage
Centage
Score 9.5 out of 10
Infor VISUAL
Infor VISUAL
Score 7.4 out of 10
Enterprises
Prophix
Prophix
Score 8.8 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Workday Adaptive PlanningWorkday Financial Management
Likelihood to Recommend
9.0
(216 ratings)
8.8
(23 ratings)
Likelihood to Renew
7.7
(43 ratings)
9.0
(1 ratings)
Usability
8.9
(122 ratings)
10.0
(5 ratings)
Availability
7.3
(11 ratings)
-
(0 ratings)
Performance
9.1
(5 ratings)
-
(0 ratings)
Support Rating
8.2
(33 ratings)
10.0
(5 ratings)
In-Person Training
8.2
(2 ratings)
-
(0 ratings)
Online Training
7.3
(9 ratings)
-
(0 ratings)
Implementation Rating
9.2
(27 ratings)
-
(0 ratings)
Configurability
8.2
(5 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
7.3
(1 ratings)
-
(0 ratings)
Ease of integration
7.6
(8 ratings)
-
(0 ratings)
Product Scalability
8.4
(12 ratings)
-
(0 ratings)
Professional Services
8.2
(1 ratings)
-
(0 ratings)
Vendor post-sale
8.2
(4 ratings)
-
(0 ratings)
Vendor pre-sale
6.4
(4 ratings)
-
(0 ratings)
User Testimonials
Workday Adaptive PlanningWorkday Financial Management
Likelihood to Recommend
Workday
In a previous company, I was hired based on my experience with Workday Adaptive Planning. After being hired and reviewing the company, I quickly determined they were not large of enough of a company to need the program. Instead, we made better Excel budget templates, utilized OneDrive and created a better experience without the cost. Left the job after 9 months because I worked my way out of the position. My next role I looked for bigger companies and had better success with implementation.
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Workday
Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
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Pros
Workday
  • It helps create dynamic plans for finances, operations and various functional units in an organization all under one platform
  • It helps in scenario modeling to help analyze various business events and report by any number of business dimensions including channel, customer or product
  • It can be integrated with any system including ERP, BI or CRM
Read full review
Workday
  • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
  • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
  • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
Read full review
Cons
Workday
  • Web reports and sheets are not great for in-depth reporting, and require the use of the OfficeConnect for Excel plugin and, therefore, the use of Excel for extensive reporting capabilities.
  • It has limited formula functionality in some instances, requiring again the use of OfficeConnect for Excel for extensive calculations.
  • I would like to see new planning sheet types or upgrades to existing sheet types; functionality has been the same for over 10 years.
Read full review
Workday
  • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
  • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
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Likelihood to Renew
Workday
For one we're in way too deep to not move forward with Adaptive. We're integrated with Workday, we do a ton of reporting with Adaptive, and it's working very well for planning and forecasting. No reason to look back or change course.
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Workday
No answers on this topic
Usability
Workday
Workday Adaptive Planning has detailed online help with both articles and videos that are comprehensive. It has a lot of similarities to Excel, which most finance people are already familiar with, plus the user interface is intuitive and easy to pick up. The online support team is quick to respond and very knowledgeable.
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Workday
Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
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Reliability and Availability
Workday
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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Workday
No answers on this topic
Performance
Workday
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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Workday
No answers on this topic
Support Rating
Workday
Whenever we have had any questions, issues, or concerns, the support has been quick and thorough. [This] allow[s] us to be able to fully resolve any issues, or be connected with the right group quickly to attain the result we were after; be it from simple formatting to adding new detailed reporting.
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Workday
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
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In-Person Training
Workday
This was extremely helpful so that they could walk you through the model and teach you more about the complexity of various areas. It is most helpful when it is specific to your organization's model. The larger in-person trainings were helpful but they tended to be more generic and entry level. The trainings that are more tailored to your specific needs are the most helpful.
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Workday
No answers on this topic
Online Training
Workday
They often times tended to be way too generic or entry level. They would also become sales pitches to upgrade or get new Adaptive Planning products. The questions in the training would be very niche and specific to other organizations. They were rarely helpful to the group at large.
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Workday
No answers on this topic
Implementation Rating
Workday
Trust the expertise of very strong 3rd party implementers. Having deployed Adaptive at a separate company before, I thought I knew it all (hubris, I know). Fortunately, I began to (very quickly) trust the judgment of our Carlson implementation team, and they provided invaluable insights and best-in-class processes that have benefitted me and my team greatly.
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Workday
No answers on this topic
Alternatives Considered
Workday
Workday became our choice because it is fully web-based and easily integrates with other systems. The learning curve for Workday was shorter than that of Dynamics. The reporting tools in Workday are more user-friendly than that of Dynamics. However Workday did not have Check Printing tools which are available in Dynamics. The organization started a project to digitize all financial transactions so it was not a priority feature. When it comes to scaling up the functionalities of Workday it was much easier than Dynamics.
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Workday
Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
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Contract Terms and Pricing Model
Workday
Good read only seat access
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Workday
No answers on this topic
Scalability
Workday
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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Workday
No answers on this topic
Professional Services
Workday
This is now available in house at Workday which is convenient.
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Workday
No answers on this topic
Return on Investment
Workday
  • It's facilitated a better financial literacy and management by the non-financial managers in the company, giving them a much better ability to see what they're spending, control it, and plan better in the future.
  • It's hard to quantify the ease of model and version management, but we could never do what we're doing now with our current staff. It would take a small army to replicate anything close to what Adaptive pulls off using Excel, if it's even possible.
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Workday
  • We were able to combine 4 different HR modules into one system.
  • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
  • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
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ScreenShots

Workday Adaptive Planning Screenshots

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