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Workday Adaptive Planning

Score7.7 out of 10

377 Reviews and Ratings

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What is Workday Adaptive Planning?

Workday Adaptive Planning streamlines planning workflows, using AI and real-time data integration to improve collaboration and provide predictive forecasts for better strategic analysis.

Categories & Use Cases

Media

Workday Adaptive Planning
Screenshot of the AI Predictive Forecaster
Screenshot of the dashboard

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Key Features

Learn about the best (and worst!) features Workday Adaptive Planning has to offer, as determined by TrustRadius' reviewers.
Based on 377 ratings of Workday Adaptive Planning's features
View all features

Top Performing Features

  • Customizable dashboards

    Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.

    Category average: 7.3

  • Dashboard / Report / Visualization Interactivity on Mobile

    In-app dashboard reports and data visualization.

    Category average: 6.7

  • Color-coded scorecards

    Track and analyze performances with interactive, color-coded balanced scorecards.

    Category average: 8.2

Areas for Improvement

  • XBRL support for regulatory filing

    Support for the XBRL standard reporting format for exchanging financial data.

    Category average: 6.9

  • Financial data consolidation

    Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.

    Category average: 8.2

  • Minority Ownership

    Consolidate financials full or partial ownership of subsidiaries, equity pick-up.

    Category average: 7.2

Reviews

What users are saying about Workday Adaptive Planning.
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Best in budgeting forecasting reporting and in Finance planning.

Incentivized
Punnareddy PallerlaView profile
Sr Software Engineer in Information Technology at sabre (5001-10,000 employees employees)

Use Cases and Deployment Scope

We are using Workday Adaptive Planning for Budgeting, Reporting, Forecasting, and Financial planning. It has helped us solve and manage financial-related matters very well in an organized manner. Mainly, we have implemented this to address budgeting issues and future planning within our organization, enabling us to focus on various financial aspects.

Pros

  • Employees or users can update plans simultaneously.
  • We can easily integrate with salesforce and other applications.
  • Workflows are useful to build the automations.

Cons

  • If there is heavy data it will take much time to load.
  • Reporting feature have to improve.
  • Technical support is always needed for any issues related to application performance or breakdown.

Return on Investment

  • Budget planned very easily.
  • Reporting also became simple.
  • Forecasting become simple with this application.

Usability

Alternatives Considered

ADP Next Gen HCM

Other Software Used

Qlik Analytics Platform, Salesforce CRM Analytics, Salesforce Service Cloud

Workday Review

Incentivized
Verified User
Employee in Finance and Accounting (501-1000 employees employees)

Use Cases and Deployment Scope

We use Workday Adaptive Planning to do headcount planning at a very granular level. We do headcount planning at a team level. We also do planning for headcount at various international entities at a local currency level. Further we are also able to track our contractor workforce within Adaptive Planning and adjust for any changes to our original Plan.

Pros

  • Headcount Planning
  • International Entities
  • Local Currency Planning
  • Contractors

Cons

  • Somewhat cumbersome to use
  • Not user friendly
  • Hard to navigate and find things

Return on Investment

  • Reduction in manual processes
  • Faster turnarounds
  • Ability to run scenarios

Usability

Alternatives Considered

Planful, Paylocity and BambooHR®

Other Software Used

Sage Intacct, AWS CloudTrail, Anthropic Claude

A great planning platform for all size of companies.

Incentivized
Verified User
C-Level Executive in Sales (1001-5000 employees employees)

Use Cases and Deployment Scope

We use it for financial and operations planning. We use it to understand the overall expense across the departments, revenue, margin, etc. We use the software as its no-code application with minimal manual intervention required to generate reports.

Pros

  • generation financial reports
  • clearly defined data points and numbers
  • simultaneous report collaboration.

Cons

  • training on how to generate the reports to new users.

Return on Investment

  • time saving
  • centralised visibility
  • better decision making.

Usability

Other Software Used

Salesforce Sales Cloud, HubSpot Sales Hub, Dropbox DocSend

Adaptive Planning, a key cog in a well run business

Incentivized
Verified User
Manager in Finance and Accounting (201-500 employees employees)

Use Cases and Deployment Scope

We use Adaptive Planning on a daily basis as a key function of my job. We utilize Adaptive for personnel planning, product P&Ls, Budgeting, Forecasting, Bookings, dashboards, and reports. Adaptive is incredible in its functionality and flexibility. Adaptive has been the most valuable tool (outside of Excel) for myself as an FP&A Manager.

Pros

  • Budgeting
  • Collaboration
  • Reporting
  • Forecasting

Cons

  • Load Time

Return on Investment

  • Adaptive has made my life so much easier and has had an incredibly positive impact on my work life
  • I will always use Adaptive over NetSuite when pulling data or trying to model out information
  • Adaptive allows me to model out complex scenarios with ease

Usability

Alternatives Considered

NetSuite ERP

Workday Adaptive Planning REview

Incentivized
Verified User
Analyst in Finance and Accounting (51-200 employees employees)

Pros

  • Driver-Based Budgeting
  • Real Time Reporting and Dashboards
  • Scenario Planning and Modeling
  • Integration

Cons

  • Integration with Non-Workday Systems
  • Training Documentation

Return on Investment

  • Improved Forecasting Accuracy and Speed. I would say about 30% in our ME process in putting together our Variance Analysis
  • Enhanced Financial Reporting Efficiency
  • Streamlined Workforce Planning and Optimization. Integrations played a big role in time reduction.

Usability

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