Skip to main content
TrustRadius
Workday Adaptive Planning

Workday Adaptive Planning

Overview

What is Workday Adaptive Planning?

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.

Read more
Recent Reviews
Read all reviews

Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Popular Features

View all 45 features
  • Financial budgeting (169)
    8.8
    88%
  • Forecasting (164)
    8.5
    85%
  • Management reporting (169)
    8.3
    83%
  • Long-term financial planning (159)
    8.2
    82%

Reviewer Pros & Cons

View all pros & cons
Return to navigation

Pricing

View all pricing
N/A
Unavailable

What is Workday Adaptive Planning?

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.

Entry-level set up fee?

  • Setup fee optional
For the latest information on pricing, visithttps://forms.workday.com/en…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

Would you like us to let the vendor know that you want pricing?

57 people also want pricing

Alternatives Pricing

What is PlanGuru?

PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.

What is Kepion Planning?

Kepion is a cloud planning & analytics software company that connects all organizations' teams under a single view of their business performance. We enable more intelligent decisions to be made by companies about their financial and operational future. Kepion global offices and partners deliver…

Return to navigation

Features

BI Standard Reporting

Standard reporting means pre-built or canned reports available to users without having to create them.

9.3
Avg 8.1

Ad-hoc Reporting

Ad-Hoc Reports are reports built by the user to meet highly specific requirements.

8
Avg 8.4

Report Output and Scheduling

Ability to schedule and manager report output.

8
Avg 8.2

Data Discovery and Visualization

Data Discovery and Visualization is the analysis of multiple data sources in a search for patterns and outliers and the ability to represent the data visually.

7.7
Avg 7.7

Access Control and Security

Access control means being able to determine who has access to which data.

9
Avg 8.8

Mobile Capabilities

Support for mobile devices like smartphones and tablets.

8.5
Avg 7.8

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

8.5
Avg 8.3

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

7.6
Avg 8.1

Financial Reporting and Compliance

Financial statements and regulatory filings

8.4
Avg 8.3

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

7.5
Avg 8.1

Integration

Ability to integrate with external applications.

8.2
Avg 8.4
Return to navigation

Product Details

What is Workday Adaptive Planning?

Everybody plans, and strategic planning is a crucial process for every business. This business planning software enables teams to create budgets, forecasts, and models in less time and with greater accuracy, so that the team can focus on analysis and strategy. Having up to date, reliable data, teams can focus on the story behind the numbers, and can improve business decisions and collaboration. Additionally, Workday Adaptive Planning and Consolidation delivers a unified solution that enables Accounting and Finance to accelerate the close, increase planning agility and drive faster, more informed decisions. The software was ranked a leader in Gartner's Cloud Planning and Analysis quadrant.

Workday Adaptive Planning Features

Budgeting, Planning, and Forecasting Features

  • Supported: Long-term financial planning
  • Supported: Financial budgeting
  • Supported: Forecasting
  • Supported: Scenario modeling
  • Supported: Management reporting

Consolidation and Close Features

  • Supported: Financial data consolidation
  • Supported: Journal entries and reports
  • Supported: Multi-currency management
  • Supported: Intercompany Eliminations
  • Supported: Minority Ownership
  • Supported: Local and consolidated reporting
  • Supported: Detailed Audit Trails

Financial Reporting and Compliance Features

  • Supported: Financial Statement Reporting
  • Supported: Management Reporting
  • Supported: Excel-based Reporting
  • Supported: Automated board and financial reporting
  • Supported: XBRL support for regulatory filing

Analytics and Reporting Features

  • Supported: Personalized dashboards
  • Supported: Color-coded scorecards
  • Supported: KPIs
  • Supported: Cost and profitability analysis
  • Supported: Key Performance Indicator setting
  • Supported: Benchmarking with external data

Integration Features

  • Supported: Flat file integration
  • Supported: Excel data integration
  • Supported: Direct links to 3rd-party data sources

Workday Adaptive Planning Screenshots

Screenshot of Adaptive Planning balance sheets.Screenshot of Adaptive Discovery visuals.Screenshot of Adaptive Planning expense variance analysis report.Screenshot of Adaptive Discovery visuals with drill-down capabilities.Screenshot of Adaptive Planning in-sheet visualizations (waterfall chart)Screenshot of Sparklines are used to visualize trends and make adjustments visuallyScreenshot of Built-in audit trail and cell explorer will show the source and history of any metric, assumption or formula

Workday Adaptive Planning Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android, Windows Phone, Mobile Web
Supported CountriesUnited States, Canada, United Kingdom, Ireland, Australia, New Zealand, and many more!
Supported LanguagesEnglish, Spanish, French, Japanese, Portuguese (Brazilian), Russian, Polish, Dutch

Frequently Asked Questions

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.

Anaplan, OneStream, and Planful are common alternatives for Workday Adaptive Planning.

Reviewers rate Scenario modeling highest, with a score of 8.9.

The most common users of Workday Adaptive Planning are from Mid-sized Companies (51-1,000 employees).

Workday Adaptive Planning Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)0%
Mid-Size Companies (51-500 employees)60%
Enterprises (more than 500 employees)40%
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews and Ratings

(336)

Attribute Ratings

Reviews

(1-25 of 27)
Companies can't remove reviews or game the system. Here's why
Brian Goldrick | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Cross Country Consulting was great to work with. They are very knowledgeable of Adaptive Planning and how the system can work to its customers benefits. They were very easy to get in touch with and very communicative along the entire process. If going with a third party vendor, I would highly recommend using Cross Country.
Score 10 out of 10
Vetted Review
Verified User
We regretted trying to integrate massive amounts of operational data. We wish we would've integrated our data at a higher, more simple level. The data that we tried to integrate was our inventory detaisl report which is a lot of information. It is better suited in Workday's other product called Prism Analytics.
December 18, 2022

Forecasting made easy

Manuel Lora Fernández | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
After assessing the existing systems architecture and taking the time to understand the goals ofthe finance team, the implementor was ready to get to work.Using their knowledge and experience, they designed a bespoke solution structured to meet the needs of our financial planning team. Within eight weeks, the new system was fully functional, and all necessary training was complete. By clearly explaining how the solution worked, offering specialist supervision and support whenever required, the implementor provided a practical, easy-to-navigate system.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Our implementation literally occurred during the opening months of the Covid pandemic, so they were really handicapped. Personally, I felt they were a little heavy on the oversight, but the personnel involved were top notch.
August 01, 2022

Acquire Adaptive!

Martin Davila | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
I believe that it is extremely important to make the new budgeting process and tool known to all areas of the company in good time. In this way, the departments have time to prepare to improve their budget models and that the transition of these are fruitful. In the same way, the technology team will prepare the entire battery of data that will be consumed in the implementation and also budget at least one full-time reporting specialist for the implementation process.
April 16, 2021

Outsanding Solution!

Brad MacDonald | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
November 16, 2018

Time Saving

Score 10 out of 10
Vetted Review
Verified User
Be sure to think everything through before implementing to make sure that you get the most out of Adaptive. FYI-Auto calculations, standard costs, etc.
Greg Clarke | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Reseller
In our experience the Adaptive Suite is quick and easy to deploy.

Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer.

When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget.
Score 9 out of 10
Vetted Review
Verified User
I would recommend tackling via an internal team approach, even if this only entails a weekly recap. This can help keep the project moving in the right direction towards achieving the desired end results.
December 23, 2015

Adaptive Insights Works!

Bob Katz, CMA, CFM, CFP® | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Although having a set of spreadsheet and workbooks helps to define the logic and processes, preparing a requirements document is also an important element in a successful implementation. In addition, dedicating a knowledgeable user as part of the "Scrum" development allows focus and permits the implementation to proceed without time loss and promotes knowledge transfer. Finally, having an onsite developer speeds the process and can reduce the overall cost as well.
Rose Sipin | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized

Implementation was very easy and fast. The ability to customize Levels and Dimensions to match our Organization’s structure and accounting practices is great. Our organization is continually changing and adaptive has the ability to be changed without issue.

Score 10 out of 10
Vetted Review
Verified User
They do a great job; any issues have been on the customer end making the time to focus on the setup work ... I would advise making sure you have an individual or two that can focus on this over the implementation period.
Return to navigation