TrustRadius
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.https://media.trustradius.com/product-logos/FK/vz/SZITLTITATCG.JPEGOutsanding Solution!As a growing company, we needed to shift from Excel-based budgeting/reporting models to a much more capable (and sophisticated) model. We selected Adaptive based on the tool's capabilities, the fact that it's cloud-based (SaaS), and easily scalable. We deployed Adaptive for all budget owners within 3 months of making our decision. Using Adaptive, our budget owners and executives now have a much better (and faster) view of our financials, as well as allowing the finance team to spend time on analysis/insight.,Overall structure of the model is both powerful and simple. Accounts and levels (departments/cost centers) drive the overall data structure. Once this principle is firmly understood, the tool is quite easy to understand from an implementation and administrative perspective. Customer support is outstanding. Even though we're a small company, Adaptive doesn't recognize that (or care). I've had conversations with a variety of their team members on a number of different topics, and they are very good at supporting our company. Reporting tools are world-class. It's nice that you can have a best-in-class planning system, but without equally strong reporting tools, it really doesn't mean much. Adaptive's easy-to-build reports are both flexible and powerful. Administration is easy. Helpful tools to make your system secure.,Our biggest challenge is that more people want the tool than we (originally) budgeted for. (This really isn't a con, but be aware that if you're moving from an Excel-based manual model, people will be really hungry for this type of tool/application.),10,Positive: We are much more efficient now than previously. The time savings alone, and our ability to focus on insights/analytics using less resources has been a great strength to our company.,IBM Cognos, Host Analytics Cloud EPM Suite and Oracle Hyperion Enterprise Performance Management,Veeva Vault, Sage Intacct,,,Planning (Forecasting, Budgeting) Management and Statutory Reporting Analytics,Stock-based compensation forecasting linked with workforce planning. This was historically a very challenging calculation, given our headcount growth and manual process. Using Adaptive, we were able to generate formulas based on our overall workforce plan, along with highly "auditable" calculations (i.e., we don't have a "black box" where nobody can explain how the number is calculated).,Linking our PO system directly within Adaptive, so that business/operational leaders can see a list of all their open POs and plan accordingly.,10,Yes,Product Features Product Usability Prior Experience with the Product Vendor Reputation Existing Relationship with the Vendor,During the vendor review/selection cycle, we would attempt to identify "best-in-class" core processes, and then rack/stack the vendors accordingly. Knowing what I know now, Adaptive would still come out on top for me.,Third-party professional services,Yes,Change management was a small part of the implementation and was well-handled,Foreign currency-related issues, which the Carlson team expertly understood and resolved in a timely manner.,10,10,No,As a new administrator, I was trying to resolve an issue with my cash flow model (I thought a custom account wasn't calculating correctly). However, one adjustment that the Support team recommended I make very quickly solved my issue. Importantly, they also taught me understand the "core" principle so that I use this feature going forward for other areas of my model.,Integration with our core ERP platform. Once this is set up, scheduling data feeds from any source system is simple and fast. Workforce planning is outstanding. We have several inputs in our workforce model (including location, benefits, etc.) and the ability to have drop-down menus with appropriate selections appear is excellent. Scenario modeling: I'm particularly pleased with this aspect of Adaptive, since we do quite a bit of scenario modeling for each budget/forecast cycle. The way we've structured our model allows for many different scenarios, with the ability to easily turn each scenario on/off.,The functions themselves aren't difficult to use; like any system/tool, it does take some training to fully understand how to exploit the power of these functions and the tool's overall capabilities.,10Great software, great pros, and not significant consAdaptive Insights is used by Finance to assemble all company budgets into one place. Currently, finance is the only one that logs in. It helps us complete the budgeting process, have one source of truth, and report final numbers to the board and executives. It allows for immediate backup, being in the cloud, and you can log in from anywhere.,They have a really good Excel tool where you can pull and push data. It does really well at being adaptive and letting you change things. I really like the user interface.,I don't love the dashboarding that it has. I feel it's trying to compete with other solutions and doesn't do that well. Sometimes it can be slow. It costs a lot per user.,9,You spend less time verifying models and numbers and can move on to actual work. The reporting function, OfficeConnect, has been a huge time saver for us. Allowing multiple users in the system at once is extremely helpful.,Anaplan,Slack, NetSuite, Workday Human Capital ManagementAdaptive Insights Drives Finance Team Efficiency!Adaptive Insights is being used primarily by the Finance teams—it is not being used across the full company. It's leveraged for forecasting, budgeting, reporting, data visualization, and ad-hoc analysis. It is not being leveraged for Accounting.,Clean and approachable user interface Easy to build models, similar to Excel Frequent updates to the product Charting Low maintenance overhead Security,More robust/better Excel integration Speed More custom branding to fit your company,8,Faster forecasting process Single-source-of-truth for actuals and budget More accurate forecasts Allows team to forecast concurrently vs individually Improves forecast scenario management More confidence in data Faster financial reporting,Host Analytics Cloud EPM Suite, Anaplan, Oracle Planning and Budgeting Cloud, IBM Cognos and Tidemark,AnaplanAdaptive Planning is great! Very easy to use!It is being used across the whole organization. It helps gets everyone on the same page and see where we can spend money in the future.,Does active planning really well Efficient Ease of use,Better integration with Excel Formula builder Comparing versions,9,More efficient Time savings,,NetSuite,15,7,Planning budgeting reporting,headcount planning,revenue planning,9,No,Price Product Features Product Usability Product Reputation Vendor Reputation,Evaluate more products,Don't know,data integration netsuite integration,8,No,7,No,Whenever I need to refresh the sandbox they jump on it and have been great. They have also helped with our integrations.,budgeting formulas filters,multi-dimensions cube sheet,No,8Adaptive Insights Allows a Lean Finance Team to Manage a Dynamic BusinessCurrently, only our finance department, which consists of a VP, director, manager, and three financial analysts, is using Adaptive Insights. Each individual owns a certain portion of our model, usually aligned with the business they support. We have built our complete business model in Adaptive Insights so that we can forecast our financial statements, as well as forecasting and tracking key process indicators and business metrics.,Consolidation. Detailed modeling. Integration with accounting systems like Netsuite.,Permissions for users by the account in addition to the level. The use case being letting a financial analyst see the headcount sheet with the comp for the organizations he or she supports, but not for the finance and accounting departments to hide the salaries of other team members from them. Currently, the View Dependencies feature does not seem to work very well, so you really can't see all the places a certain account is showing up in your model. It would be nice to have greater visibility to see where each account is used in the model so that you know how changing that account will change your model. The Account Code in Reports is different than the actual account codes, so it is hard to know what account is actually being used in the report.,10,Adaptive Insights has helped us leverage each analyst and member of our finance team so that we can run a really lean team and avoid hiring more analysts. It has helped us manage our business to hit our financial targets.,Domo,Domo, NetSuite, CoupaBest of breed application that is relatively easy to get up and going + maintainWe are using Adaptive as our system of record planning and reporting application. The FP&A team is the primary editor of information, but read-only information is widely consumed across the org.,Excellent documentation with articles and videos. Strong implementations network of consultants. Accessible staff for Q&A (like formulas Friday and other weekly sessions).,Being cloud only, occasionally the model may be slow to load or update. Certain features like user assigned sheets are edit only or no access (no read-only access). Dimension level security is coming in a future release (Fall 2019). Cannot have multiple security profiles per user (one profile per account).,10,Reduced our FTE needs by two. Instilled trust in the numbers across the org by providing a highly available, cloud-based access to the system. No more emailing reports.,,Looker, NetSuite,50,4Great product, easy to use!Adaptive is being used in the Finance department. We run our forecasts and budgets through Adaptive. We really like the different aspects for the program. One attribute that we use a lot is the ability to have different versions. We change things about our forecast in different versions to run scenario analysis.,Audit history of what has been changed is huge Being able to have different versions to run scenario analysis Ability to easily load and download data easily,Being able to set user defaults on specific pages like different filters so it is the same every time the page is pulled up, it seems like right now the default is the same across all users.,10,ROI has definitely been positive, way better than our previous solutionAdaptive Insights -- a great solution for planningWe have been using Adaptive Insights for five years. We started using it for annual expense planning and have expanded to forecasting, scenario planning, and what-if analysis. Adaptive Insights is used by the entire organization. Business managers and finance use the software for budgeting, reporting, forecasting, and scenario planning.,It helps to produce a consolidated budget very quickly. Good built-in audit trails. Good reporting for variance analysis.,The software allows you to plan at a very granular level, but the reporting at a granular level between plan, actuals, and other versions can be challenging.,10,Before using Adaptive Insights, our annual budget process involved emailing spreadsheets back and forth. That's a very time-consuming and error-prone process. Adaptive Insights has made the process much more efficient for the Finance team and the business managers.,Budget Maestro, Prophix and Host Analytics Cloud EPM Suite,Sage Intacct, Concur Expense,Data input/capture. Consolidated reporting. Version Control.,Granular reporting between versions.,9It just keeps getting better!We use Adaptive across our whole organization. It helps our program leads see their individual budget data instantly and helps make planning so much easier.,Ease of navigation Friendly and helpful support Tools for every problem that needs to be solved!,Out of the box worksheets would be nice. There have been some recent issues with log out when tabs are duplicated and that has been frustrating.,10,We will see!,Sage Intacct, Concur Expense, ExpensifyAdapt to the Future: How Adaptive can Save you Time and MoneyCurrently, Adaptive is used by our entire finance department. In the past, we did all of our budgeting and forecasting in excel. Adaptive has removed the headaches we used to experience and seamlessly brought everything together in a way that facilitates cooperation and communication. The dynamic nature of adaptive makes it a very collaborative experience and it does a wonderful job at satisfying all of our forecasting, budgeting, and reporting needs. Furthermore, Adaptive integrates very well with Domo enabling us to create beautiful visualizations across versions that make storytelling to executives a true delight from the finance end.,Modeled Sheets are great. Their formulas are easy to use and questions are easily answered when/if they arise. The reporting capabilities are very nice. Integration with our ERP and other cloud services has been great.,Our biggest gripe has to do with the speed. Sometimes pages can take a long time to load, but those long load times are minuscule compared to the ones we had before. The View Dependencies feature does not work and it would be extremely helpful. Accounts used in reports acquire a unique code within the report and fail to show the unique code of the account in your instance. This can make it hard to identify which account you are actually using in large reports with similar accounts.,9,Adaptive saves us hundreds if not thousands of hours per year. This increase in efficiency results in cost savings north of $100k. It has transformed the way we collaborate within the organization and increased morale within the finance team. With Adaptive, we have truly become a dynamic, active planning finance department.,,Coupa, NetSuite, DomoAdaptive Rocks at Workfront!Adaptive is being used across the entire company as our budget software. We also use it to generate some operational metrics, and are expanding that functionality now. We have all of our financials, track our bookings, and track our ARR in Adaptive.,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.,It can get cumbersome to have separate sheets for all prepaid expenses. The software works out very neatly - but creating a new sheet for each prepaid expense can be difficult. Because of this, I feel like forecasting is less based on actual plans, and more based on gut feelings, and trends rather than actual plans. I wish OfficeConnect could pull individual lines rather than just aggregated data. The example that I'm trying to work on now is that I would like to pull personnel information from OfficeConnect (mainly pulling lists of employees, or open positions). I don't know how to do that currently. I can pull aggregated data and show totals - but I can't see the individual lines that make up that total within OfficeConnect.,9,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.,Essbase Cloud and Oracle Hyperion Enterprise Performance Management,NetSuite, Coupa, WorkfrontAdopt AdaptiveCurrently Adaptive Insights is being used almost solely by our FP&A team. We have given access to other managers also, but they usually reach out to us in Finance if they have any Adaptive related questions. We just recently started using OfficeConnect and this has helped us become more efficient when preparing and presenting our monthly business reviews. Also, we just completed our budgeting process for next year, and by using Adaptive Insights and OfficeConnect together we were able to make real-time updates and show executives immediately what would happen to their budget by adding/cutting what they suggested.,Forecasting. When you design sheets correctly you are able to create accurate and insightful forecasts. The integration with NetSuite is also a great feature because you can access all information related to a certain expense and really give useful insights to your business.,If I have a question on how to do something in Adaptive it is difficult to search for the answer online. For example, if I had a problem with an Excel formula I could google it and have someone explain the answer to me almost immediately. It would be nice if there were more training resources for Adaptive.,10,Adaptive Insights is a great tool by itself; however, once integrated with OfficeConnect this becomes a necessary tool that once you experience you won't want to use anything else. Creating our reports in OfficeConnect probably saves our FP&A team 10-20 hours a month. This is time we now spend on analysis instead of creating reports.,NetSuite, Okta, Tableau DesktopAdaptive Insights ReviewAdaptive Insights is used predominantly by the accounting and finance department. However, we track our system sales, same store sales, and other items in Adaptive. We use Adaptive to build reports for all areas of our company.,Easy to use Easy to learn Similar to Excel,Allowing users to select an individual month within the time frame filter,10,Adaptive has made our monthly financial close process much smoother. We are able to close within a few hours whereas it used to take us all day without Adaptive.,,Microsoft 365 BusinessAdaptive Insight's provides quick and easy data for all our needs.Adaptive Insights is the core of our financial analysis software. We use this exclusively to consolidate our data from multiple branches across multiple regions throughout the country. Adaptive's suite of software has provided us with the ability to streamline our reporting processes along with maintaining a multitude of historic data across all of our organization. We do this across multiple product lines and departments.,Adaptive Office connect allows us to integrate data directly into Excel allowing us to quickly update reports and analysis. Being able to consolidate data quickly across multiple regions helps us to quickly turn around reports and analysis. Adaptive allows us to upload custom data for analysis purposes, helping us during budget season to compare previous versions to the latest.,I would love to see more products from Adaptive that could help take us to the next level.,10,Adaptive has provided us with the ability to quickly turn around reports and get it into the hands of those necessary to make decisions.,Microsoft Office 365Agile Reporting and Planning with AdaptiveOur organization currently uses Adaptive across over 20 separate sites for both regular monthly forecasting and the yearly budget process. Adaptive's cloud-based system replaced complex models built entirely in Excel, which led to version fragmentation and a certain lack of quality due to files passing through so many hands. Adaptive has allowed our organization to simplify our forecasting and budgeting for non-finance professionals handling their team/site's projections, while providing a more robust toolset to these end users. From a financial control standpoint, we've been able to develop stronger version control and the overall quality of our org's projections has improved dramatically.,Allows for better integration between multiple business segments, which in turn leads to faster and more robust projections for the whole organization. Adaptive's simple user interface ensures that stakeholders without a proper Finance background still can navigate our projection entry processes with relative ease. Adaptive's strong network of consultants and community resources allow for great support from the original integration on through continuing support years after go-live.,Adaptive has strong integration connnections with other financial or CRM sources, especially with NetSuite and Salesforce. However, there could be more tools available for greater dynamic imports, especially where headcount/payroll data is concerned. Adaptive could benefit from more flexible data visualization tools, especially involving pre-created tools that layer on-top of existing sheet data. Adaptive's OfficeConnect platform has been a major boon to our standard reporting process, and easier functionality around this tool would make reporting even easier.,9,Adaptive has helped our organization to streamline the forecast and budgeting process through better version control and more hands-on involvement by local stakeholders. This has led to better planning for hiring talent and analyzing student performance/retentionn factors. Reporting has become much easier to produce and modify on the fly, which allows us to be more agile when considering future growth plans or funder/donor requests. While our finance team has been able to engage better with various business segments, there is sometimes a lack of investment by non-finance professionals, which can lead to a lack of trust in the overall process.,NetSuite, Concur Expense, Salesforce LightningInsights you can AdaptUsed across the whole organization to reduce static planning.,Provides a one-stop space for the entire organization to view data & reports. Provides a one-stop space for the entire organization to enter their own unique data. Provides a one-stop space for the entire organization to handle received tasks.,Like any software understanding formula & formula language.,10,Not aware.,Time SavingAdaptive was purchased to improve our current budget processes and make it more efficient. The software is being used by the Finance Department and key bBusiness users across the organization. Prior to Adaptive, the organization used complex Excel spreadsheets for over 90 departments. Adaptive has taken these complex spreadsheets and incorporated them into the set up and incorporates all of the standards and assumptions, so that the end user only has to input their information one time and everything flows through to the correct budget sheets for analysis.,Adaptive's reporting function is an excellent tool for analysis. It can be used for budget formulation through monthly reporting analysis. Adaptive makes it easy to get down to the most minute level of detail in order to quickly give analysis on the budget, through its modeled sheets, and cube sheets.,I don't see any weaknesses from the software, other than it not having the flexibility to make changes to other versions of budgets without affecting previous versions.,10,Allowed us to be more efficient with the budget process. No excel spreadsheets to consolidate and roll-up budgets.,,Sage Intacct,46,2,Budget Forecasting Budget Planning Budget Variance Reporting Currency Management,N/A,It's possible for us to look at our billable time. We just haven't made it there yet.,10,Yes,Product Features Product Usability,I don't think I would change a thing.,Third-party professional services,No,Change management was a major issue with the implementation,None that were quantifiable.,10,Online training Self-taught,9,No-Training is needed.,10,None that I can think of....,Some - we have done small customizations to the interface,None,No,8,No,I was having issues with some items that were change during a previous services agreement. Even though that service was closed, they helped me figure out the issue with the calculation error.,All sheets flow into the budget sheet. This allows for seamless roll-ups.,Formulas are somewhat confusing.,No,10,10,10,10,We have integrated our account system - Intacct,No-Not at this time.,File import/export,10,Work with the professionals at Adaptive to get it right!,10,9,Not Sure.,None at this time.,No,N/A,N/A,No,NoAdaptive Insights to the rescueWe have multiple units that need to be budgeted on an annual basis. Each of these entities is responsible for their own budgets using some assumptions driven by corporate. At the end of the process, it all has to be pulled together. Previously, using Excel, this was at least a full day process, with similar turnaround times every time something was changed at the base level. Now that process takes minutes.,It is one database, so there is no pulling together or consolidating of data It allows for structural changes to be made such that if a corporate decision is made that impacts everyone, or even a segment of the units, the change can easily be made in minutes At the end of the process, often times we will want to dig into the numbers, and possibly change some, based on how they all roll up. Previously, this was an Excel nightmare. Now it is instant and seamless. Discovery provides an "at your fingertips" display of every KPI that you can dream up, as well as trends, breakdowns, and projections that are driving or being driven by those indicators.,I would like to see the ability to completely turn off all calculations for a budget version, such that it is locked down, and would require an act of Congress to change a number. We have had a few cases where something was inadvertently changed AFTER the budget was finalized. The ability to back-up an entire budget would be helpful (see the comment above).,10,Budgeting timeline has been reduced significantly. We have achieved this through the ability to more efficiently update the model, as well as the instantaneous ability to roll the various units together during and after reviews. Month end reporting has been streamlines, such that we can now push out reports and graphs instantly, rather than having to run them individually, and then re-create graphs and charts,We have not begun to roll out the Dashboards yet, but look forward to doing so. Ad-hoc reporting and what-if analysis now happens as quickly as a request is put in, which often results in a more detailed review of the data prior to release. Reporting timelines have decreased, allowing us more time for quality reviews, and less time for package preparation.,Once we rolled out the budget process, I moved to getting the results into the system so that we could have real-time analysis. Currently, I am getting data in manually, which significantly reduces our ability to use Adaptive for real-time analytics. Once we get the automated data flow working between our various software vendors, we anticipate having significantly more time available for strategic analysis.,,8Management Reports & ConsolidationWe use Adaptive Insights to consolidate our financial systems. It's being used for consolidation and management reporting purposes. It's very intuitive and easy to use. It improved our process by two times. Our monthly close process is much faster than it was before. Adaptive is a great database to have all the company's information to manipulate and report.,It's very flexible Easy to use Can adapt with any ERP system,It should look into more software integration More standard templates More flexibility on formulas,7,It cut costs on a more pricey tool It cut time on [our] closing process It's easy to learn,NetSuite,NetSuite, Microsoft Exchange, Oracle Hyperion Enterprise Performance ManagementAdaptive Insights - Useful Tool!Adaptive Insights is a tool we heavily use in our finance department to help us budget, forecast, and plan the financial success for our company. Adaptive Insights allows us to create sheets that flow into our financial reports and enable us to better forecast the finances within our company. We are able to keep track of incoming and outgoing personnel. We also use Office Connect to quickly update and produce reports to our business partners.,The Office Connect plugin gives great flexibility and possibilities for providing a greater level of detailed analysis to business partners.,Being able to produce a personnel report across multiple departments.,10,Adaptive Insights helps us keep an acute view of our finances to budget appropriately and continue our growth.Adaptive InsightsWe are using Adaptive to allow us to provide financial reports with different groupings and views that the accounting software could not provide. As we continue we will be adding key metrics that will provide individual business leaders actionable items that can directly impact the P&L.,Infinite ability to group accounts and departments for reporting. The only limitation is the number of ways that you think of in terms of consolidating the information. Being able to build scalable, complex, distributed, budget models. With the data we can bring into the system and the formulas we can use we have all the functionality of the spreadsheet, but with the flexibility to allow leaders across the organization to participate and update their section. The platform allows multiple forecast/budget versions which allows for version control and sensitivity analysis. I can lock versions from changes while quickly creating a new version to see the impact of a +or- scenario to the company’s profitability. With the OfficeConnect tool we can leverage Excel to provide repeatable reports for the board and other business leaders that are repeatable from month to month. While the platform provides more flexibility than an accounting package it still has limitations. Using OfficeConnect I can leverage the power of the Microsoft suite of Excel/Word/PowerPoint directly.,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.,10,We have been able to look at product line profitability and key metrics that would have been difficult to pull together in a timely manner. This has led to insights where we should focus our efforts. By integrating with the accounting system we are able to leverage Adaptive to speed the accounting close with teen analysis and error checking. Once we determine a metric is important we can then work with IT to capture the data and house it in the system. This allows the finance team to focus on analytics rather than data mining.,Prophix, Oracle Hyperion Enterprise Performance Management and Host Analytics Cloud EPM Suite,Microsoft Dynamics 365 (formerly Microsoft Dynamics CRM), Velocify, Tableau DesktopAdaptive is very insightful!We use Adaptive for all of our budget development, forecasting, analysis and management reporting. Adaptive is used across the whole organization. Adaptive allowed us to move away from manual spreadsheet forecasting, develop budgets using staffing, travel, capital assumptions. Also real time KPI's and dashboards was a real business need for our association and Adaptive provides that solution. The ease of loading actual data from our transactional system gives us real time financials that we did not previously have the capability . OfficeConnect allows us to run our monthly budget reports in a timely fashion as our previous system had to be run over night due to serve issues without the amount of data.,Allows assumptions to be created for fringes, taxes, capital etc. We are now able to push these type of expenses to individual departments as opposed to a single department. Gives us true costs for each department. The flexibility in revising and creating new sheets allows our organization to modify our budget/forecast approach without much downtime. Also, we can make these modifications internally . No need to hire consultants to complete these tasks. Adaptive Insights is an easy to use/understand tool for end-users. Our users typically struggle with new systems but the Adaptive roll-out was very smooth with very little end-user angst.,The format of reports when downloaded to Excel or PowerPoint could use improvement. Would be nice if you could inactivate GL accounts when they are no longer being used. Suppress rows functionality when set by the administrator to default to suppress if not data doesn't always seem to work.,9,Budget and forecast cycles have been reduced due to the ease of data input by our end-users. We used to allow user a month to input annual budget data and we can now complete this process in two and a half weeks. Forecasts used to be completed using Excel by our 17 divisions. Adaptive has allowed for us to complete the forecast process using the Adaptive tool which allows us to consolidate our forecasts immediately versus a manual process. Month-end reporting used to take us 5 days to complete our package prior to using Adaptive. Our organization can now finalize our reporting in no more than 3 days due many of the reports coming straight from Adaptive.,Adaptive has improved our reporting and analysis ten fold due taking many manual spreadsheets and automating monthly reporting and analysis. During our budget development we have been able to utilize what-if analysis to determine the impact of eliminating programs/activities during budget discussions with management. Our budget accuracy has improved by about 10% since implementing Adaptive particularly staff allocations to programs. We were not able to come up with true costs of programs prior to using Adaptive and we now have a sheet where the end-users allocate staff time by percentage to each program.,The biggest impact for me individually has been spending significantly less time assisting end-users with budget inputs and more time analyzing the data that has been input. Additionally, the response time of Adaptive is great as we have had no system outages. Our previous system was very slow and some times the outages would last an entire day and we would need to have a paid consultant assist with getting the system back up and running.,Oracle Hyperion Enterprise Performance Management,9BEST CPM software out there!!Adaptive Insights is used across our organization. It has addressed many business problems, such as more streamlined budgeting and forecasting, including income statements, balance sheets, cash flow statements, and capital expenditures. We recently completed our first 5-year forecast, which would not have been possible without Adaptive Insights. We use Adaptive Insights for all of our financial reporting. We also utilize the Dashboard capability for executives.,Financial Reporting - Building financial statements in OfficeConnect is a breeze! They are quick and easy to update on a monthly basis! The HTML reporting within Adaptive Insights is also particularly useful for department and adhoc reports! Budgeting/Forecasting - Being able to budget/forecast within Adaptive Insights has significantly cut down on the time it takes to budget by utilizing formulas and assumptions within the model! We reforecast quarterly, and with Adaptive Insights, it's painless when compared to the Excel forecasting we did previously. Cash Flow Statement - Creating this for the annual audit was painful before Adaptive Insights! Now, it's a simple export from Adaptive Insights. Dashboards - The dashboards that can be created are endless and provide valuable insight for our executives in real-time!,10,Model - It takes a little bit of time to get familiar with how the model works.,Month-end reporting: It's hard to say how much time Adaptive Insights has provided, but I can say we no longer have formula errors in Excel reports and refreshing financial statements every month only takes a couple of clicks. Budgeting/forecasting: We have saved a tremendous amount of time in our budgeting cycle. After importing a budget in Adaptive Insights and setting up the model with formulas, we are able to copy the most recent budget version into the next budget version and review. Being able to budget in Adaptive Insights also removes the possibility of formula and linking errors that come with Excel.,Since implementing Adaptive Insights, we cut 5 days from our month-end reporting cycle! We are also able to provide intuitive dashboards in real-time to our executives. We recently created a quick what-if analysis in Adaptive Insights we otherwise would not have been able to do in Excel. Adaptive Insights also has a fantastic drill-through capability to see journal entries, which has helped tremendously when doing variance analysis.,10,Since implementing Adaptive Insights, I have been able to spend more time on strategic analysis, creating longer-term forecasts, cash flow modeling, and capital expenditure forecasting to name a few. It saves a significant amount of time for month-end reporting.,Adaptive Insights - Effectively manage actual data and budget dataAs an organization that represents over 230,000 classified employees, we are using Adaptive Insights to generate reports that provide transactions and more drill down reports by dept. across the entire organization. This enables all departments to review their budget at any time without waiting for the monthly reports to be distributed. In addition, this helps eliminate human errors as we are able to pull the reports and drill down to the exact transactions to review and confirm that they are coded correctly. We like that the system is web-based - accessible from anywhere as long as you have internet access.,Web-based system which eliminates the need to purchase new software. System is accessible anywhere as long as there is internet access. Its features provide for good planning, budgeting, and forecasting. The ability to create customized reports is a very nice touch - we are able to share this across our organization.,8,The layout of the various reporting options could be displayed in a more user-friendlier way. It's a bit difficult to locate where to find the reports. I'm finding that the drill down feature from the monthly financials section is not as convenient as it should be. The exporting to Excel or PDF format is a bit off - it's time consuming to manipulate the excel to a regular paper size.,Adaptive provides for good forecasting based on revenue and expenditure. The ability to pull different month-end reporting is a great feature. The ability to share access across 11 offices statewide is very beneficial.,Improved data quality is just one of the many benefits since we've moved to Adaptive Insights. The ability to review the transactions at a moment's notice is advantageous as our organization has so many transactions on any given month.,7,Adaptive Insights has given more time in my position as I am no longer holding monthly meetings to review the monthly financials. I only do this quarterly as my admin does the monthly reviews and only prompts when she encounters an error.Adaptive Insights to the moonAdaptive Insights is used for Financial Planning and Reporting activities. It's much more user friendly and efficient in regards to slicing and dicing the financial than extracting data to excel from our ERP.,Adaptive is an excellent tool in creating dynamic models for budgets and forecasts that can connect directly to our financials. The most powerful tool of Adaptive is the ability to handle complex calculations behind the scenes while mupltiple users can access our instance and see the results in real-time.,Adaptive Insights could improve it's user training by offering more video instructions that our included in customer subscriptions. The Office Connect feature is a great tool for working with financial data in Excel. I believe this will be an area to focus on improvement as many of their competitors have better functionality with pulling and drilling into data.,10,The positive impact is how it makes sharing financial information with business leaders much more efficient.Unspecified
Adaptive Insights, a Workday company
220 Ratings
Score 8.6 out of 101
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Adaptive Insights, a Workday company
220 Ratings
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Score 8.6 out of 101

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Brad MacDonald profile photo
Score 10 out of 10
Vetted Review
Verified User
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As a growing company, we needed to shift from Excel-based budgeting/reporting models to a much more capable (and sophisticated) model. We selected Adaptive based on the tool's capabilities, the fact that it's cloud-based (SaaS), and easily scalable. We deployed Adaptive for all budget owners within 3 months of making our decision.

Using Adaptive, our budget owners and executives now have a much better (and faster) view of our financials, as well as allowing the finance team to spend time on analysis/insight.
  • Overall structure of the model is both powerful and simple. Accounts and levels (departments/cost centers) drive the overall data structure. Once this principle is firmly understood, the tool is quite easy to understand from an implementation and administrative perspective.
  • Customer support is outstanding. Even though we're a small company, Adaptive doesn't recognize that (or care). I've had conversations with a variety of their team members on a number of different topics, and they are very good at supporting our company.
  • Reporting tools are world-class. It's nice that you can have a best-in-class planning system, but without equally strong reporting tools, it really doesn't mean much. Adaptive's easy-to-build reports are both flexible and powerful.
  • Administration is easy. Helpful tools to make your system secure.
  • Our biggest challenge is that more people want the tool than we (originally) budgeted for. (This really isn't a con, but be aware that if you're moving from an Excel-based manual model, people will be really hungry for this type of tool/application.)
I am completely satisfied that this tool can be used with either the smallest or largest organizations (yes, it's that good).
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Timothy Bradshaw profile photo
Score 9 out of 10
Vetted Review
Verified User
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Adaptive Insights is used by Finance to assemble all company budgets into one place. Currently, finance is the only one that logs in. It helps us complete the budgeting process, have one source of truth, and report final numbers to the board and executives. It allows for immediate backup, being in the cloud, and you can log in from anywhere.
  • They have a really good Excel tool where you can pull and push data.
  • It does really well at being adaptive and letting you change things.
  • I really like the user interface.
  • I don't love the dashboarding that it has. I feel it's trying to compete with other solutions and doesn't do that well.
  • Sometimes it can be slow.
  • It costs a lot per user.
It is well suited for assembling budgets all in one place. It can also be used well to have all the department heads or budget owners in your company login and input what they need to. That helps roll everything up so we can see how the budget it coming in. It also allows for good reporting.
Read Timothy Bradshaw's full review
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Score 8 out of 10
Vetted Review
Verified User
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Adaptive Insights is being used primarily by the Finance teams—it is not being used across the full company. It's leveraged for forecasting, budgeting, reporting, data visualization, and ad-hoc analysis. It is not being leveraged for Accounting.
  • Clean and approachable user interface
  • Easy to build models, similar to Excel
  • Frequent updates to the product
  • Charting
  • Low maintenance overhead
  • Security
  • More robust/better Excel integration
  • Speed
  • More custom branding to fit your company
Well suited for forecasting, budgeting, planning management, ad-hoc analysis, and data visualization. Not as well suited for users who are extremely reliant/dependent on Excel.
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Score 9 out of 10
Vetted Review
Verified User
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It is being used across the whole organization. It helps gets everyone on the same page and see where we can spend money in the future.
  • Does active planning really well
  • Efficient
  • Ease of use
  • Better integration with Excel
  • Formula builder
  • Comparing versions
In a finance setting
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Score 10 out of 10
Vetted Review
Verified User
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Currently, only our finance department, which consists of a VP, director, manager, and three financial analysts, is using Adaptive Insights. Each individual owns a certain portion of our model, usually aligned with the business they support. We have built our complete business model in Adaptive Insights so that we can forecast our financial statements, as well as forecasting and tracking key process indicators and business metrics.
  • Consolidation.
  • Detailed modeling.
  • Integration with accounting systems like NetSuite.
  • Permissions for users by the account in addition to the level. The use case being letting a financial analyst see the headcount sheet with the comp for the organizations he or she supports, but not for the finance and accounting departments to hide the salaries of other team members from them.
  • Currently, the View Dependencies feature does not seem to work very well, so you really can't see all the places a certain account is showing up in your model. It would be nice to have greater visibility to see where each account is used in the model so that you know how changing that account will change your model.
  • The Account Code in Reports is different than the actual account codes, so it is hard to know what account is actually being used in the report.
Adaptive Insights is suited for financial budgeting, planning, reporting, forecasting, and modeling. The dashboarding is not great for our purposes. It also will not replace a CRM like Salesforce, which is fine.
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Score 10 out of 10
Vetted Review
Verified User
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We are using Adaptive as our system of record planning and reporting application. The FP&A team is the primary editor of information, but read-only information is widely consumed across the org.
  • Excellent documentation with articles and videos.
  • Strong implementations network of consultants.
  • Accessible staff for Q&A (like formulas Friday and other weekly sessions).
  • Being cloud only, occasionally the model may be slow to load or update.
  • Certain features like user assigned sheets are edit only or no access (no read-only access).
  • Dimension level security is coming in a future release (Fall 2019).
  • Cannot have multiple security profiles per user (one profile per account).
Adaptive is great for lining up multiple version (variance analysis) and a nice mix of structure and flexibility. We still maintain some more complex models outside of the system in Excel and application scripts like cohort models.
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Score 10 out of 10
Vetted Review
Verified User
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Adaptive is being used in the Finance department. We run our forecasts and budgets through Adaptive. We really like the different aspects for the program. One attribute that we use a lot is the ability to have different versions. We change things about our forecast in different versions to run scenario analysis.
  • Audit history of what has been changed is huge
  • Being able to have different versions to run scenario analysis
  • Ability to easily load and download data easily
  • Being able to set user defaults on specific pages like different filters so it is the same every time the page is pulled up, it seems like right now the default is the same across all users.
It is great for a finance department for forecasts and budgets.
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Ben Balch profile photo
Score 10 out of 10
Vetted Review
Verified User
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We have been using Adaptive Insights for five years. We started using it for annual expense planning and have expanded to forecasting, scenario planning, and what-if analysis. Adaptive Insights is used by the entire organization. Business managers and finance use the software for budgeting, reporting, forecasting, and scenario planning.
  • It helps to produce a consolidated budget very quickly.
  • Good built-in audit trails.
  • Good reporting for variance analysis.
  • The software allows you to plan at a very granular level, but the reporting at a granular level between plan, actuals, and other versions can be challenging.
Adaptive Insights is very good for:
- Annual Planning.
- Forecasting.
- Scenario Planning.

The user interface is essentially a spreadsheet in the cloud, so there is not much of a learning curve to get business users started. While it feels like a spreadsheet, it's much more powerful, as it provides a real-time consolidated roll-up and built-in audit trail.
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Jeri Duncan, CPA profile photo
Score 10 out of 10
Vetted Review
Verified User
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We use Adaptive across our whole organization. It helps our program leads see their individual budget data instantly and helps make planning so much easier.
  • Ease of navigation
  • Friendly and helpful support
  • Tools for every problem that needs to be solved!
  • Out of the box worksheets would be nice.
  • There have been some recent issues with log out when tabs are duplicated and that has been frustrating.
I can't think of any business that it would not be helpful for, except if the company was very small and it was not feasible due to budget restrictions.
Read Jeri Duncan, CPA's full review
Alex Humble profile photo
Score 9 out of 10
Vetted Review
Verified User
Review Source
Currently, Adaptive is used by our entire finance department. In the past, we did all of our budgeting and forecasting in excel. Adaptive has removed the headaches we used to experience and seamlessly brought everything together in a way that facilitates cooperation and communication. The dynamic nature of adaptive makes it a very collaborative experience and it does a wonderful job at satisfying all of our forecasting, budgeting, and reporting needs. Furthermore, Adaptive integrates very well with Domo enabling us to create beautiful visualizations across versions that make storytelling to executives a true delight from the finance end.
  • Modeled Sheets are great.
  • Their formulas are easy to use and questions are easily answered when/if they arise.
  • The reporting capabilities are very nice.
  • Integration with our ERP and other cloud services has been great.
  • Our biggest gripe has to do with the speed. Sometimes pages can take a long time to load, but those long load times are minuscule compared to the ones we had before.
  • The View Dependencies feature does not work and it would be extremely helpful.
  • Accounts used in reports acquire a unique code within the report and fail to show the unique code of the account in your instance. This can make it hard to identify which account you are actually using in large reports with similar accounts.
I think Adaptive is well suited in a lot of different scenarios. As a SaaS company, Adaptive has served us extremely well. Granted, it is a lot easier to keep our instance clean when we only have one product being sold. However, I have been to user groups and listened to companies in a wide array of industries and their finance leaders are very satisfied with Adaptive. It doesn't matter if you have a very complex organization or a simple structure, Adaptive can save you a lot of time!
Read Alex Humble's full review
Mark McConkie profile photo
Score 9 out of 10
Vetted Review
Verified User
Review Source
Adaptive is being used across the entire company as our budget software. We also use it to generate some operational metrics, and are expanding that functionality now. We have all of our financials, track our bookings, and track our ARR in Adaptive.
  • 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.
  • It can get cumbersome to have separate sheets for all prepaid expenses. The software works out very neatly - but creating a new sheet for each prepaid expense can be difficult. Because of this, I feel like forecasting is less based on actual plans, and more based on gut feelings, and trends rather than actual plans.
  • I wish OfficeConnect could pull individual lines rather than just aggregated data. The example that I'm trying to work on now is that I would like to pull personnel information from OfficeConnect (mainly pulling lists of employees, or open positions). I don't know how to do that currently. I can pull aggregated data and show totals - but I can't see the individual lines that make up that total within OfficeConnect.
It is very helpful for budgeting and reporting. I love how easy it is to automate reports and presentations. It can be more difficult to plan specific activities. It feels more high-level than activity-level. It shows totals rather than individual transactions (either past or future transactions).
Read Mark McConkie's full review
Jonny Linehan profile photo
November 09, 2018

Adopt Adaptive

Score 10 out of 10
Vetted Review
Verified User
Review Source
Currently Adaptive Insights is being used almost solely by our FP&A team. We have given access to other managers also, but they usually reach out to us in Finance if they have any Adaptive related questions. We just recently started using OfficeConnect and this has helped us become more efficient when preparing and presenting our monthly business reviews. Also, we just completed our budgeting process for next year, and by using Adaptive Insights and OfficeConnect together we were able to make real-time updates and show executives immediately what would happen to their budget by adding/cutting what they suggested.
  • Forecasting. When you design sheets correctly you are able to create accurate and insightful forecasts. The integration with NetSuite is also a great feature because you can access all information related to a certain expense and really give useful insights to your business.
  • If I have a question on how to do something in Adaptive it is difficult to search for the answer online. For example, if I had a problem with an Excel formula I could google it and have someone explain the answer to me almost immediately. It would be nice if there were more training resources for Adaptive.
Adaptive is well suited for individuals and business partners who are familiar with basic financial practices. Here at Workfront, we are trying to limit the amount of Adaptive users because we are working in Adaptive every single day and some budget owners aren't going in there frequently and when they do their information they look at doesn't match our information because they might forget to change the particular version they are using. This is where OfficeConnect is very useful because we can send a slide deck out each month with updated numbers for our budget owners and it is easy, stress-free, and accurate.
Read Jonny Linehan's full review
Allison Bailey Cates profile photo
October 22, 2018

Adaptive Insights Review

Score 10 out of 10
Vetted Review
Verified User
Review Source
Adaptive Insights is used predominantly by the accounting and finance department. However, we track our system sales, same store sales, and other items in Adaptive. We use Adaptive to build reports for all areas of our company.
  • Easy to use
  • Easy to learn
  • Similar to Excel
  • Allowing users to select an individual month within the time frame filter
Adaptive is well suited in my organization's month end financial close process.
Read Allison Bailey Cates's full review
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Score 10 out of 10
Vetted Review
Verified User
Review Source
Adaptive Insights is the core of our financial analysis software. We use this exclusively to consolidate our data from multiple branches across multiple regions throughout the country. Adaptive's suite of software has provided us with the ability to streamline our reporting processes along with maintaining a multitude of historic data across all of our organization. We do this across multiple product lines and departments.
  • Adaptive Office connect allows us to integrate data directly into Excel allowing us to quickly update reports and analysis.
  • Being able to consolidate data quickly across multiple regions helps us to quickly turn around reports and analysis.
  • Adaptive allows us to upload custom data for analysis purposes, helping us during budget season to compare previous versions to the latest.
  • I would love to see more products from Adaptive that could help take us to the next level.
I had a large file made from Excel which required multiple formula's of data just to get a certain KPI structure. Adaptive Office Connect helped to get this same data into Excel quickly without a large amount of formulas. This helped cut down a report that took anywhere from 8 to 12 hours to update, to a simple half hour refresh.
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Score 9 out of 10
Vetted Review
Verified User
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Our organization currently uses Adaptive across over 20 separate sites for both regular monthly forecasting and the yearly budget process. Adaptive's cloud-based system replaced complex models built entirely in Excel, which led to version fragmentation and a certain lack of quality due to files passing through so many hands. Adaptive has allowed our organization to simplify our forecasting and budgeting for non-finance professionals handling their team/site's projections, while providing a more robust toolset to these end users. From a financial control standpoint, we've been able to develop stronger version control and the overall quality of our org's projections has improved dramatically.
  • Allows for better integration between multiple business segments, which in turn leads to faster and more robust projections for the whole organization.
  • Adaptive's simple user interface ensures that stakeholders without a proper Finance background still can navigate our projection entry processes with relative ease.
  • Adaptive's strong network of consultants and community resources allow for great support from the original integration on through continuing support years after go-live.
  • Adaptive has strong integration connnections with other financial or CRM sources, especially with NetSuite and Salesforce. However, there could be more tools available for greater dynamic imports, especially where headcount/payroll data is concerned.
  • Adaptive could benefit from more flexible data visualization tools, especially involving pre-created tools that layer on-top of existing sheet data.
  • Adaptive's OfficeConnect platform has been a major boon to our standard reporting process, and easier functionality around this tool would make reporting even easier.
Adaptive is extremely well-suited to implementation in organizations with multiple, segmented business units which don't necessarily have the strongest finance training/background but nevertheless are managing forecasting/budgeting for their individual unit. Adaptive has allowed our organization to develop better, more accurate reporting on a shorter timeline as a result of centralizing the entry points for all teams within the org.
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Score 10 out of 10
Vetted Review
Verified User
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Used across the whole organization to reduce static planning.
  • Provides a one-stop space for the entire organization to view data & reports.
  • Provides a one-stop space for the entire organization to enter their own unique data.
  • Provides a one-stop space for the entire organization to handle received tasks.
  • Like any software understanding formula & formula language.
Well suited for dynamic reporting. Less suited for drill down functions as that is dependent on the agency's own model and implementation of AI.
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November 16, 2018

Time Saving

Score 10 out of 10
Vetted Review
Verified User
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Adaptive was purchased to improve our current budget processes and make it more efficient. The software is being used by the Finance Department and key bBusiness users across the organization.

Prior to Adaptive, the organization used complex Excel spreadsheets for over 90 departments. Adaptive has taken these complex spreadsheets and incorporated them into the set up and incorporates all of the standards and assumptions, so that the end user only has to input their information one time and everything flows through to the correct budget sheets for analysis.
  • Adaptive's reporting function is an excellent tool for analysis. It can be used for budget formulation through monthly reporting analysis.
  • Adaptive makes it easy to get down to the most minute level of detail in order to quickly give analysis on the budget, through its modeled sheets, and cube sheets.
  • I don't see any weaknesses from the software, other than it not having the flexibility to make changes to other versions of budgets without affecting previous versions.
It takes away the need for so many Excel spreadsheets - from the manual preparation and edits, all the way through reporting.
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Score 10 out of 10
Vetted Review
Verified User
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We have multiple units that need to be budgeted on an annual basis. Each of these entities is responsible for their own budgets using some assumptions driven by corporate. At the end of the process, it all has to be pulled together. Previously, using Excel, this was at least a full day process, with similar turnaround times every time something was changed at the base level. Now that process takes minutes.
  • It is one database, so there is no pulling together or consolidating of data
  • It allows for structural changes to be made such that if a corporate decision is made that impacts everyone, or even a segment of the units, the change can easily be made in minutes
  • At the end of the process, often times we will want to dig into the numbers, and possibly change some, based on how they all roll up. Previously, this was an Excel nightmare. Now it is instant and seamless.
  • Discovery provides an "at your fingertips" display of every KPI that you can dream up, as well as trends, breakdowns, and projections that are driving or being driven by those indicators.
  • I would like to see the ability to completely turn off all calculations for a budget version, such that it is locked down, and would require an act of Congress to change a number. We have had a few cases where something was inadvertently changed AFTER the budget was finalized.
  • The ability to back-up an entire budget would be helpful (see the comment above).
Anyplace where Excel is used as a primary budgeting tool, and there are multiple inputs/locations to that process, Adaptive will be able to make the process smoother. This is particularly the case when the units are spread out, and not on the same internal network. We have saved a ridiculous amount of time by using Adaptive.
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Score 7 out of 10
Vetted Review
Verified User
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We use Adaptive Insights to consolidate our financial systems. It's being used for consolidation and management reporting purposes. It's very intuitive and easy to use. It improved our process by two times. Our monthly close process is much faster than it was before. Adaptive is a great database to have all the company's information to manipulate and report.
  • It's very flexible
  • Easy to use
  • Can adapt with any ERP system
  • It should look into more software integration
  • More standard templates
  • More flexibility on formulas
It's okay for consolidation. It should not be used as a general ledger.
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Score 10 out of 10
Vetted Review
Verified User
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Adaptive Insights is a tool we heavily use in our finance department to help us budget, forecast, and plan the financial success for our company. Adaptive Insights allows us to create sheets that flow into our financial reports and enable us to better forecast the finances within our company. We are able to keep track of incoming and outgoing personnel. We also use Office Connect to quickly update and produce reports to our business partners.
  • The Office Connect plugin gives great flexibility and possibilities for providing a greater level of detailed analysis to business partners.
  • Being able to produce a personnel report across multiple departments.
Adaptive Insights is particularly useful for any FP&A department within an organization to better forecast, budget, and plan. It's an exceptional tool that empowers financial analysts to best present a department's financial health to a business partner. It would be less appropriate, from my experience, for departments outside of finance, unless the company does not have a strong finance department that is able to provide analysis for all departments.
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Brian Kyslinger profile photo
October 22, 2018

Adaptive Insights

Score 10 out of 10
Vetted Review
Verified User
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We are using Adaptive to allow us to provide financial reports with different groupings and views that the accounting software could not provide. As we continue we will be adding key metrics that will provide individual business leaders actionable items that can directly impact the P&L.
  • Infinite ability to group accounts and departments for reporting. The only limitation is the number of ways that you think of in terms of consolidating the information.
  • Being able to build scalable, complex, distributed, budget models. With the data we can bring into the system and the formulas we can use we have all the functionality of the spreadsheet, but with the flexibility to allow leaders across the organization to participate and update their section.
  • The platform allows multiple forecast/budget versions which allows for version control and sensitivity analysis. I can lock versions from changes while quickly creating a new version to see the impact of a +or- scenario to the company’s profitability.
  • With the OfficeConnect tool we can leverage Excel to provide repeatable reports for the board and other business leaders that are repeatable from month to month. While the platform provides more flexibility than an accounting package it still has limitations. Using OfficeConnect I can leverage the power of the Microsoft suite of Excel/Word/PowerPoint directly.
  • 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.
It is well suited for mid-size companies to have a budgeting, forecasting, and reporting platform. The system needs data and someone to maintain it so it would not be well suited for a small company or one without a dedicated finance team.
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Gary Grzesiak profile photo
Score 9 out of 10
Vetted Review
Verified User
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We use Adaptive for all of our budget development, forecasting, analysis and management reporting. Adaptive is used across the whole organization. Adaptive allowed us to move away from manual spreadsheet forecasting, develop budgets using staffing, travel, capital assumptions. Also real time KPI's and dashboards was a real business need for our association and Adaptive provides that solution. The ease of loading actual data from our transactional system gives us real time financials that we did not previously have the capability . OfficeConnect allows us to run our monthly budget reports in a timely fashion as our previous system had to be run over night due to serve issues without the amount of data.
  • Allows assumptions to be created for fringes, taxes, capital etc. We are now able to push these type of expenses to individual departments as opposed to a single department. Gives us true costs for each department.
  • The flexibility in revising and creating new sheets allows our organization to modify our budget/forecast approach without much downtime. Also, we can make these modifications internally . No need to hire consultants to complete these tasks.
  • Adaptive Insights is an easy to use/understand tool for end-users. Our users typically struggle with new systems but the Adaptive roll-out was very smooth with very little end-user angst.
  • The format of reports when downloaded to Excel or PowerPoint could use improvement.
  • Would be nice if you could inactivate GL accounts when they are no longer being used.
  • Suppress rows functionality when set by the administrator to default to suppress if not data doesn't always seem to work.
Adaptive is great if you want to create many what- if scenarios when budgeting and forecasting. Staffing scenarios has been particularly helpful for our HR department when analyze staff needs for future years and analyzing open and unfilled positions over a certain time frame.

Every so often Adaptive's response time when in the system has been slow but Adaptive has rolled out the Elastic Hypercube to take care of that issue.
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Denise Lewis profile photo
Score 10 out of 10
Vetted Review
Verified User
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Adaptive Insights is used across our organization. It has addressed many business problems, such as more streamlined budgeting and forecasting, including income statements, balance sheets, cash flow statements, and capital expenditures. We recently completed our first 5-year forecast, which would not have been possible without Adaptive Insights. We use Adaptive Insights for all of our financial reporting. We also utilize the Dashboard capability for executives.
  • Financial Reporting - Building financial statements in OfficeConnect is a breeze! They are quick and easy to update on a monthly basis! The HTML reporting within Adaptive Insights is also particularly useful for department and adhoc reports!
  • Budgeting/Forecasting - Being able to budget/forecast within Adaptive Insights has significantly cut down on the time it takes to budget by utilizing formulas and assumptions within the model! We reforecast quarterly, and with Adaptive Insights, it's painless when compared to the Excel forecasting we did previously.
  • Cash Flow Statement - Creating this for the annual audit was painful before Adaptive Insights! Now, it's a simple export from Adaptive Insights.
  • Dashboards - The dashboards that can be created are endless and provide valuable insight for our executives in real-time!
  • Model - It takes a little bit of time to get familiar with how the model works.
We are a medium-sized holding company, and Adaptive Insights has worked tremendously well for us! We do not currently use it to consolidate our business units, but we plan on exploring that soon. If you find yourself spending numerous hours creating financial statements and budgeting in Excel, then Adaptive Insights may be for you! It saves us an exponential amount of time in variance analysis, refreshing financial statements, and budgeting.
Read Denise Lewis's full review
Jessalyn Ka profile photo
Score 8 out of 10
Vetted Review
Verified User
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As an organization that represents over 230,000 classified employees, we are using Adaptive Insights to generate reports that provide transactions and more drill down reports by dept. across the entire organization. This enables all departments to review their budget at any time without waiting for the monthly reports to be distributed. In addition, this helps eliminate human errors as we are able to pull the reports and drill down to the exact transactions to review and confirm that they are coded correctly. We like that the system is web-based - accessible from anywhere as long as you have internet access.
  • Web-based system which eliminates the need to purchase new software. System is accessible anywhere as long as there is internet access.
  • Its features provide for good planning, budgeting, and forecasting.
  • The ability to create customized reports is a very nice touch - we are able to share this across our organization.
  • The layout of the various reporting options could be displayed in a more user-friendlier way. It's a bit difficult to locate where to find the reports.
  • I'm finding that the drill down feature from the monthly financials section is not as convenient as it should be.
  • The exporting to Excel or PDF format is a bit off - it's time consuming to manipulate the excel to a regular paper size.
Adaptive Insights is well suited for many business sizes, including small companies to companies with billions of dollars in revenue. Its flexibility with customization and the various options is very attractive.
Read Jessalyn Ka's full review
Justin Ballesteros profile photo
Score 10 out of 10
Vetted Review
Verified User
Review Source
Adaptive Insights is used for Financial Planning and Reporting activities. It's much more user friendly and efficient in regards to slicing and dicing the financial than extracting data to excel from our ERP.
  • Adaptive is an excellent tool in creating dynamic models for budgets and forecasts that can connect directly to our financials.
  • The most powerful tool of Adaptive is the ability to handle complex calculations behind the scenes while mupltiple users can access our instance and see the results in real-time.
  • Adaptive Insights could improve it's user training by offering more video instructions that our included in customer subscriptions.
  • The Office Connect feature is a great tool for working with financial data in Excel. I believe this will be an area to focus on improvement as many of their competitors have better functionality with pulling and drilling into data.
I believe Adaptive Insights can be instrumental for any business looking to streamline their operations strategy with finance. Adaptive is an excellent system to implement if a company is looking to invest in the business and looking for a product to help plan and track the results. It's well suited for providing department results vs what if scenarios,able to handle complex modeled calculations, and equip Finance to partner with key stakeholders in the business in real-time. Their product is much less reliant on IT as traditional reporting systems since Finance will typically troubleshoot issues.
Read Justin Ballesteros's full review

Feature Scorecard Summary

Pixel Perfect reports (1)
9
Customizable dashboards (1)
10
Report Formatting Templates (1)
9
Drill-down analysis (1)
9
Formatting capabilities (1)
7
Integration with R or other statistical packages (1)
8
Report sharing and collaboration (1)
8
Publish to PDF (1)
8
Report Versioning (1)
8
Report Delivery Scheduling (1)
8
Pre-built visualization formats (heatmaps, scatter plots etc.) (1)
7
Location Analytics / Geographic Visualization (1)
8
Predictive Analytics (1)
8
Multi-User Support (named login) (1)
9
Role-Based Security Model (1)
9
Multiple Access Permission Levels (Create, Read, Delete) (1)
9
Responsive Design for Web Access (1)
8
Dedicated iOS Application (1)
8
Dedicated Android Application (1)
8
Dashboard / Report / Visualization Interactivity on Mobile (1)
10
Long-term financial planning (116)
8.3
Financial budgeting (124)
8.7
Forecasting (120)
8.9
Scenario modeling (115)
6.8
Management reporting (123)
8.4
Financial data consolidation (71)
8.0
Journal entries and reports (43)
5.9
Multi-currency management (51)
7.2
Intercompany Eliminations (37)
7.6
Minority Ownership (17)
7.2
Local and consolidated reporting (61)
8.1
Detailed Audit Trails (78)
8.5
Financial Statement Reporting (100)
8.8
Management Reporting (111)
8.5
Excel-based Reporting (111)
7.0
Automated board and financial reporting (98)
7.5
XBRL support for regulatory filing (12)
6.5
Personalized dashboards (75)
7.5
Color-coded scorecards (62)
6.4
KPIs (72)
7.3
Cost and profitability analysis (78)
8.2
Key Performance Indicator setting (64)
8.1
Benchmarking with external data (45)
5.9
Flat file integration (80)
7.9
Excel data integration (102)
8.1
Direct links to 3rd-party data sources (75)
8.1

About Adaptive Insights, a Workday company

Adaptive Insights, a Workday company, aims to power a new generation of business planning, and drive business agility in a fast-moving world. The Adaptive Insights Business Planning Cloud offers powerful modeling for organizations of any size, and helps people in companies to collaborate, gain insights, and make smarter decisions faster.

More than 3,800 organizations across 50-plus countries use Adaptive Insights. The vendor says the product is easy, powerful and fast, and enables "active planning". Recognized for the solution's ease of use, Adaptive Insights ranks #1 in customer satisfaction in independent industry surveys from leading market analysts such as Gartner, Forrester, and BPM Partners.

According to the vendor, Adaptive Insights helps mid-size & enterprise organizations’ leaders better manage their business:
  • Adaptive Insights enables organizations to break free from static planning, to active planning
  • Active planning is collaborative, comprehensive, and continuous
  • Active planning requires a solution that’s easy, powerful, and fast
Capabilities include:
  • Automated Budgeting and Forecasting to increase productivity
  • Self-Service Financial Reporting allowing users to create, share and personalize reports
  • Seamless Integration with Salesforce.com, NetSuite, Intacct, & MS Dynamics

Adaptive Insights, a Workday company Features

Budgeting, Planning, and Forecasting Features
Has featureLong-term financial planning
Has featureFinancial budgeting
Has featureForecasting
Has featureScenario modeling
Has featureManagement reporting
Consolidation and Close Features
Has featureFinancial data consolidation
Has featureJournal entries and reports
Has featureMulti-currency management
Has featureIntercompany Eliminations
Has featureMinority Ownership
Has featureLocal and consolidated reporting
Has featureDetailed Audit Trails
FInancial Reporting and Compliance Features
Has featureFinancial Statement Reporting
Has featureManagement Reporting
Has featureExcel-based Reporting
Has featureAutomated board and financial reporting
Has featureXBRL support for regulatory filing
Analytics Features
Has featurePersonalized dashboards
Has featureColor-coded scorecards
Has featureKPIs
Has featureCost and profitability analysis
Has featureKey Performance Indicator setting
Has featureBenchmarking with external data
Integration Features
Has featureFlat file integration
Has featureExcel data integration
Has featureDirect links to 3rd-party data sources
BI Standard Reporting Features
Does not have featurePixel Perfect reports
Does not have featureCustomizable dashboards
Does not have featureReport Formatting Templates
Ad-hoc Reporting Features
Does not have featureDrill-down analysis
Does not have featureFormatting capabilities
Does not have featurePredictive modeling
Does not have featureIntegration with R or other statistical packages
Does not have featureReport sharing and collaboration
Report Output and Scheduling Features
Does not have featurePublish to Web
Does not have featurePublish to PDF
Does not have featureReport Versioning
Does not have featureReport Delivery Scheduling
Data Discovery and Visualization Features
Does not have featurePre-built visualization formats (heatmaps, scatter plots etc.)
Does not have featureLocation Analytics / Geographic Visualization
Does not have featurePredictive Analytics
Does not have featureSupport for Machine Learning models
Does not have featurePattern Recognition and Data Mining
Does not have featureIntegration with R or other statistical packages
Access Control and Security Features
Does not have featureMulti-User Support (named login)
Does not have featureRole-Based Security Model
Does not have featureMultiple Access Permission Levels (Create, Read, Delete)
Does not have featureReport-Level Access Control
Does not have featureTable-Level Access Control (BI-layer)
Does not have featureField-Level Access Control (BI-layer)
Does not have featureSingle Sign-On (SSO)
Mobile Capabilities Features
Does not have featureResponsive Design for Web Access
Does not have featureDedicated iOS Application
Does not have featureDedicated Android Application
Does not have featureDashboard / Report / Visualization Interactivity on Mobile

Adaptive Insights, a Workday company Screenshots

Adaptive Insights, a Workday company Video

Don’t settle for static plans. Get active planning with Adaptive Insights – your source for business budgeting software that is easy, powerful, and fast.

Adaptive Insights, a Workday company Integrations

Adaptive Insights, a Workday company Competitors

Vena Solutions, Host Analytics Cloud EPM Suite, Longview, Prophix, IBM Cognos, Anaplan, CCH Tagetik, Tidemark, BusinessObjects SRC (Discontinued), Oracle Hyperion, SAP

Pricing

Has featureFree Trial Available?Yes
Does not have featureFree or Freemium Version Available?No
Has featurePremium Consulting/Integration Services Available?Yes
Entry-level set up fee?Optional

Adaptive Insights, a Workday company Customer Size Distribution

Consumers
0%
Small Businesses (1-50 employees)
0%
Mid-Size Companies (51-500 employees)
60%
Enterprises (> 500 employees)
40%

Adaptive Insights, a Workday company Support Options

 Free VersionPaid Version
Phone
Email
Forum/Community
FAQ/Knowledgebase
Video Tutorials / Webinar

Adaptive Insights, a Workday company Technical Details

Deployment Types:SaaS
Operating Systems: Unspecified
Mobile Application:Apple iOS, Android, Windows Phone, Mobile Web
Supported Countries:United States, Canada, United Kingdom, Ireland, Australia, New Zealand, and many more!
Supported Languages: English, Spanish, French, Japanese, Portuguese (Brazilian), Russian, Polish, Dutch