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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.

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Recent Reviews
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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

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Pricing

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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

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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…

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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
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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%
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Comparisons

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Reviews and Ratings

(336)

Attribute Ratings

Reviews

(1-5 of 5)
Companies can't remove reviews or game the system. Here's why
Score 10 out of 10
Vetted Review
Verified User
Adaptive Insights is used globally within Finance and within each department. Adaptive Insights addressed the issue of efficiency, user error, real-time data, and the ability to stop being so reliant on Excel spreadsheets.
  • Adaptive is a cloud-based system that allows our users to interact with Finance from anywhere in the world.
  • Office Connect is a great add-on to Excel that allows us to set-up reports and refresh them in an instant for more detailed information needed throughout the company.
  • The report section is great but it doesn't quite give you the flexibility that Office Connect (Excel Add-On) does.
Adaptive Insights is well-suited for companies that operate with budgets that have multiple components and complex calculations.
Budgeting, Planning, and Forecasting (5)
100%
10.0
Long-term financial planning
100%
10.0
Financial budgeting
100%
10.0
Forecasting
100%
10.0
Scenario modeling
100%
10.0
Management reporting
100%
10.0
Consolidation and Close (7)
41.42857142857143%
4.1
Financial data consolidation
N/A
N/A
Journal entries and reports
N/A
N/A
Multi-currency management
100%
10.0
Intercompany Eliminations
N/A
N/A
Minority Ownership
N/A
N/A
Local and consolidated reporting
100%
10.0
Detailed Audit Trails
90%
9.0
Financial Reporting and Compliance (5)
40%
4.0
Financial Statement Reporting
N/A
N/A
Management Reporting
100%
10.0
Excel-based Reporting
100%
10.0
Automated board and financial reporting
N/A
N/A
XBRL support for regulatory filing
N/A
N/A
Analytics and Reporting (6)
N/A
N/A
Personalized dashboards
N/A
N/A
Color-coded scorecards
N/A
N/A
KPIs
N/A
N/A
Cost and profitability analysis
N/A
N/A
Key Performance Indicator setting
N/A
N/A
Benchmarking with external data
N/A
N/A
Integration (3)
33.333333333333336%
3.3
Flat file integration
N/A
N/A
Excel data integration
N/A
N/A
Direct links to 3rd-party data sources
100%
10.0
BI Standard Reporting
N/A
N/A
Ad-hoc Reporting
N/A
N/A
Report Output and Scheduling
N/A
N/A
Data Discovery and Visualization
N/A
N/A
Access Control and Security
N/A
N/A
Mobile Capabilities
N/A
N/A
  • Adaptive Insights has saved countless hours from updating 100's of spreadsheets that we use to manage during our budget process.
  • Adaptive Insights and a Workday company
We didn't evaluate other products. Adaptive Insights was highly recommended by our consultants.
52
Finance, VP's, Department Heads
2
Manager, FP&A and Sr. Director of Finance maintain the Adaptive Insights Planning.
  • Managing the annual budget process
  • Maintain a rolling forecast
  • Transitioned countless excel spreadsheets to the Adaptive Planning budget process.
  • Transitioned all budget and variance reporting to an electronic process, eliminating paper reports.
  • Cash flow planning & forecasting
  • Developing an analysis for billable time vs. non-billable time
Adaptive Insights continues to evolve and we are excited about how it will assist us in other areas, such as project accounting, etc.
Yes
Excel Spreadsheets
  • Price
  • Product Features
  • Product Usability
  • Product Reputation
  • Positive Sales Experience with the Vendor
  • Analyst Reports
We weren't given many budgeting software options during the selection process but that's because we were presented with the best product for our business.
  • Third-party professional services
Maner Costerisan implement both Intacct and Adaptive Insights for CTI.
No
Change management was a big part of the implementation and was well-handled
When implementing new software you have to look at the needs of your company, as well as policies/procedures, legally required reporting, growth, etc. We are a company going through large expansions and our software at the time couldn't handle the needs. Adaptive Insights was able to accommodate our needs and allow us to evolve into a more robust reporting system.
  • None
Our 3rd party vendor was on top of the implementation and asked the right questions to ensure that our implementation worked smoothly.
  • Online training
  • in-person training
Our 3rd party vendor walked us through the whole process and was available for questions after we started using the Adaptive Insights. I would suggest using the online training environment plus an individual walk through of your company's model to get more acquainted with the instance. There were also on-line tutorials to help us along the way.
The training program in Adaptive Insight has grown quite a bit, since I originally implemented in Adaptive Insights. I would now give it a 10 rating and suggest that anyone implementing for the first time work through the certification program. The certification program is a very detailed in depth primer to understanding how the system works.
I don't think I could use this product without any training. However, with just minimal instruction that I give to my end-users each year, they are able to develop budgets and review reports without any major issues. Additionally, the system works so well, I'm to instruct end-users by phone on the best way to interact with the system.
Adaptive Insights seems to have no limits to the configurations and reporting you can do from the information that is integrated into the system. 99% of the time if we can dream it up, Adaptive can help us implement a change to accommodate the needs of our company. There are abilities to have multiple instances so that models can be adapted to the growing needs of any company.
Take the time to think things through before implementing any new software product. When looking at how you create budgets think about what would be the most efficient ways for reporting, planning, integrations, etc. It's easier to configure your model the right way in the beginning than to go back and make significant changes later. Although the Adaptive Insights is great at making model changes, it takes a lot of time to validate the changes to ensure everything is working properly.
Yes - we have customized the interface extensively
Since Adaptive Insights is the expert, we worked with their software engineer to customize our interface and they worked through the issues without any problems.
Nothing to note at this time.
No
At this time, our administrators have the knowledge to operate the product with no additional premium support. However, each year we evaluate our Adaptive Insights model to see what improvements can be made and often enter into a services contract for major changes to our model.
The support team responds timely but typically on a pacific time vs. eastern standard time. I would prefer to have a phone number to call vs. email my questions and have issues answered in my time zone.
Yes
Yes but in most instances, Adaptive Insights finds the bugs and reports them to us to before we notice.
After a services contract was closed out, my company noticed a issue with some changes that were made but it wasn't until 3 mos. later. Our customer success team tracked down the original person to review the case and make corrections to the issue and fix it within a day.
  • Since Adaptive Insight is a cloud based system we can interact with our global team in real-time.
  • Since we are a global company, we have 20 different currencies (and growing) with our model. The system seamless handles currency conversion with the transactions, budgets, etc.
  • The formulas are somewhat confusing for me but I am currently working towards understanding them so that I can be a more active participant with making model changes to formulas, etc.
Yes, but I don't use it
Since implementing Adaptive Insights in 2014 we had 3 administrative users. Since then we have grown to 50+ users that actively participate in the budget process and are accountable for their annual planning. Each year we request feedback from our users and each year they say that Adaptive Insights is easy to use and continues to make the budget process a seamless process.
Whatever we can imagine doing with Adaptive, the professional services can make it happen. What I would suggest is to make sure that any changes that are made, be sure to lock previous version to ensure nothing changes because of a model change. Certain changes will affect the whole model, vs. a version.
I am on eastern standard time and it seems like most of the help desk is on pacific time. It would be nice to have help desk experts in my time zone, so that I can get quicker troubleshooting responses. The time zone issue hasn't caused a major issue yet but when you are in the middle of a task and want to keep your flow going, it's kind of a pain to wait a few hours until the staff gets in the office.
All aspects of Adaptive Insights perform well. One area that I wish was quicker was integration. When importing data from Intacct our accounting ERP platform, it can sometimes take 4 hours for the import to process. The earlier imports are done, the quicker they complete. My estimate for a quick upload is about two hours.
  • Intacct
  • Paycor
Intacct and Adaptive Insights integrations has worked out great. Paycor hasn't been able to develop an API that will seemlessly integrate the HRIS into Adaptive. Therefore we export data from Paycor and import the data into Adaptive Insights. The hope is to be able to have a direct link, so that we can regularly update information electronically vs. a manual process.
  • Paycor
No-Paycor doesn't currently support the integrations, even though they use Adaptive Insights. We are hoping that they are able to develop the API soon.
  • File import/export
  • API (e.g. SOAP or REST)
Nothing was missed.
Adaptive worked with us to complete our initial integration with actuals and later with transaction data. Adaptive Insight's integration team helped us transition from a third-party integration system to their own. The whole process was seamless and works perfectly.
Be sure to think the process through so that data is brought over to Adaptive Insights and it maps correctly by validating everything before finalizing your project. This is a necessary step to any implementation.
Our vendor was great during the sales process but what we didn't realize until it was time to implement, they sourced the work out to another vendor. The vendor that sold us Adaptive had never implemented before. Since the initial sale, we've moved on to a new vendor with more expertise or dealt directly with professional services.
They were okay but we dealt with their contractors. We didn't find out until after the sale that the vendor wouldn't directly be handling the implementation. The contractors that actually implemented contacted us and did a great job. No complaints with the contractors that implemented for us. They were knowledgeable, patient and efficient.
I'm not sure what the principle terms were for the original vendor, since its been 6 years since our initial implementation. However, our initial implementation was only the Planning model. Since then, we've added integration, reporting and office connect. We are anticipating adding additional model products in the future to begin having financial reports run through Adaptive.
The most important tip to me is that you should make sure that the vendor has had a few implementations under there belt. Obviously having an experienced implementer with knowledge of your type of business helpful, as well. The best information is to check references and make sure you do enough research to ensure your vendor truly has the expertise to get the job done. Take the references with a grain of salt and make sure to ask good questions.
Yes
I would say for the most part the upgrade of my model went okay. The issue I had was that the implementer was not consistent and didn't test changes before he told me they were done. Testing the logic, once you've made changes in the model goes along way to ensuring validation.
  • The Office Connect Update - Now other people can view an OC document without having to log-in to the software.
  • Quicker integration
  • Better reporting options
No
No
November 16, 2018

Time Saving

Score 10 out of 10
Vetted Review
Verified User
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.
Budgeting, Planning, and Forecasting (5)
80%
8.0
Long-term financial planning
N/A
N/A
Financial budgeting
100%
10.0
Forecasting
100%
10.0
Scenario modeling
100%
10.0
Management reporting
100%
10.0
Consolidation and Close (7)
28.571428571428573%
2.9
Financial data consolidation
N/A
N/A
Journal entries and reports
N/A
N/A
Multi-currency management
100%
10.0
Intercompany Eliminations
N/A
N/A
Minority Ownership
N/A
N/A
Local and consolidated reporting
N/A
N/A
Detailed Audit Trails
100%
10.0
Financial Reporting and Compliance (5)
N/A
N/A
Financial Statement Reporting
N/A
N/A
Management Reporting
N/A
N/A
Excel-based Reporting
N/A
N/A
Automated board and financial reporting
N/A
N/A
XBRL support for regulatory filing
N/A
N/A
Analytics and Reporting (6)
N/A
N/A
Personalized dashboards
N/A
N/A
Color-coded scorecards
N/A
N/A
KPIs
N/A
N/A
Cost and profitability analysis
N/A
N/A
Key Performance Indicator setting
N/A
N/A
Benchmarking with external data
N/A
N/A
Integration (3)
66.66666666666667%
6.7
Flat file integration
N/A
N/A
Excel data integration
100%
10.0
Direct links to 3rd-party data sources
100%
10.0
BI Standard Reporting
N/A
N/A
Ad-hoc Reporting
N/A
N/A
Report Output and Scheduling
N/A
N/A
Data Discovery and Visualization
N/A
N/A
Access Control and Security
N/A
N/A
Mobile Capabilities
N/A
N/A
  • Allowed us to be more efficient with the budget process. No excel spreadsheets to consolidate and roll-up budgets.
I didn't look at any other budgeting products.
46
Department heads & Finance
2
Analytical skills is the top skill requirement. Although I would suggest having a good handle on finance/accounting in general.
  • 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.
The product is versatile and I'm able to manipulate any piece of data the way I need it.
Yes
Excel Spreadsheets
  • Product Features
  • Product Usability
We didn't know much about Adaptive and our 3rd-Party seller had never implement this product.
I don't think I would change a thing.
  • Third-party professional services
Maner
No
Change management was a major issue with the implementation
We were in the process of implementing an accounting system at the same time we added Adaptive. We were eager to find a robust budget system that could handle our complex services company.
  • None that were quantifiable.
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.
  • Online training
  • Self-taught
Although the training is in depth, it would be nice to have training that is specific to our Adaptive Instance.
No-Training is needed.
Nothing too difficult or extensive to configure. I would recommend you work with someone at Adaptive to make sure that you hit all the bases.
None that I can think of....
Some - we have done small customizations to the interface
Not sure-Our 3rd party took care of this for us.
None
No
Although I think the support is pretty good, most of the time it takes about 1/2 day or more to get a response.
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
Overall, I believe the usability is excellent. I have no real complaints about the system.
We don't use all of the modules but I believe we could do a lot more with the system and give better financial reporting with other components. Such as revenue, assets, sales, etc.
There haven't been any lately. The only one issue I can think of is when there was an update in Adaptive that altered our reports. Before I realized there was an issue, Adaptive reached out to let me know, so that it could be fixed.
Everything can be refreshed in instant.
  • We have integrated our account system - Intacct
We integrated during our initial implementation and then again after Adaptive upgraded their Integration connections. Adaptive did most of the work. We just validated data.
  • No-Not at this time.
N/A
  • File import/export
Integration works great and was easy to achieve.
Work with the professionals at Adaptive to get it right!
No issues.
For the most part, we don't have any complaints. Sometimes when signing new services agreements the team doesn't move forward as quickly as we would like. It seems to be improving this past year.
Not Sure.
None at this time.
No
  • N/A
  • N/A
No
No
May 23, 2016

Adaptive Insights

Score 10 out of 10
Vetted Review
Verified User
We were tasked to automate our budget and planning process. A cross functional group decided on Adaptive and we use it for our budget forecasting and reporting throughout our company. Adaptive has exceeded our expectations and continues to meet our requirements.
  • Ease of implementation
  • Ease of use
  • Easily maintained
  • Cutting edge
  • Improves accuracy and timeliness of the planning process
  • We are happy with our selection
Budgeting, Planning, and Forecasting (5)
100%
10.0
Long-term financial planning
100%
10.0
Financial budgeting
100%
10.0
Forecasting
100%
10.0
Scenario modeling
100%
10.0
Management reporting
100%
10.0
Consolidation and Close (7)
N/A
N/A
Financial data consolidation
N/A
N/A
Journal entries and reports
N/A
N/A
Multi-currency management
N/A
N/A
Intercompany Eliminations
N/A
N/A
Minority Ownership
N/A
N/A
Local and consolidated reporting
N/A
N/A
Detailed Audit Trails
N/A
N/A
Financial Reporting and Compliance (5)
80%
8.0
Financial Statement Reporting
100%
10.0
Management Reporting
100%
10.0
Excel-based Reporting
100%
10.0
Automated board and financial reporting
100%
10.0
XBRL support for regulatory filing
N/A
N/A
Analytics and Reporting (6)
83.33333333333334%
8.3
Personalized dashboards
100%
10.0
Color-coded scorecards
100%
10.0
KPIs
100%
10.0
Cost and profitability analysis
100%
10.0
Key Performance Indicator setting
100%
10.0
Benchmarking with external data
N/A
N/A
Integration (3)
100%
10.0
Flat file integration
100%
10.0
Excel data integration
100%
10.0
Direct links to 3rd-party data sources
100%
10.0
BI Standard Reporting
N/A
N/A
Ad-hoc Reporting
N/A
N/A
Report Output and Scheduling
N/A
N/A
Data Discovery and Visualization
N/A
N/A
Access Control and Security
N/A
N/A
Mobile Capabilities
N/A
N/A
  • We achieved our planned ROI
  • Continues to add value to our organization
  • We continue to improve our use of the software features
  • SAP
We used a hybrid system part manual and part SAP which was slow and error prone. We implemented Adaptive and resolved these issues.
ADP eTime
55
All functions in the company
5
Detailed oriented and attentive
  • Budget
  • Forecasting
  • Reporting
  • Strategic Planning
  • Uploading bill of materials
  • Automating our processes
  • Automating our reporting
  • We have expanded our use of Adaptive every year
  • Adding instances
  • Adding functionality
We are extremely satisfied with Adaptive.
No
Adaptive was a new purchase for our company which replaced a hybrid manual and SAP budgeting process. Adaptive provided accuracy improvement along with workflow which we did not have with our previous process. As part of our MBO process we were challenged to automate and improve our antiquated budget process. Adaptive provided a solution that was easily implemented and adopted by management and is an important tool for our business.
  • Price
  • Product Features
  • Product Usability
  • Analyst Reports
We needed to make sure our solution met our needs and Adaptive nailed it. Price value and functionality from Adaptive and the commitment from Adaptive during the implementation provided assurance and confidence that we made the right decision.
No we would still choose Adaptive and would not change anything. We did our due diligence reviewing various third party providers along with in house solutions and improving our existing budget and planning process. When the dust settled we decided on Adaptive and are very satisfied with our decision.
  • Professional services company
Our implementation was outsourced and the brought in house by Adaptive to assure we were implemented on time and within budget.
No
We went live in two months and had to restart our implementation process separating our model into two instances. We had one phase to our implementation focusing on the P&L then the balance sheet.
Change management was minimal
Not applicable to our implementation
  • System response
  • Unfamiliar with manufacturing
  • Our business requirements
Our implementation was non eventful and we were very satisfied with the overall experience.
  • Self-taught
This depends on the level of talent in the finance organization. We are a small group of experienced analysts with higher than average computer skills, so this approach was really effective for us. Adaptive is very intuitive and easy to learn and implement. Recommending this requires knowledge of the staff and implementation group.
If you can do it in Excel you can do it in Adaptive.
No - we have not done any customization to the interface
NA
Yes - we have added extensive custom code
Most of our formulas are custom and we were able to work with Adaptive to achieve the desired results.
Yes
If it's needed to satisfy our requirements and we can not figure out a solution by ourselves we would pay for premium support. The main reason is due to our past experiences with Adaptive's support and the solutions that were provided. We have established mutually beneficial relationship that provides continual process improvements to our model.
We are happy with their support and product development road map. Adaptive is the leader and provides a cutting edge solution for the planning process with continual updates that are implemented and work without issues.
Yes
During our implementation and when we are improving our model we found and reported issues with the software and they were well received and acted upon immediately and the fix was implemented.Adaptive listens to it's customers and users at every level.
When we were implementing we experienced slow system response and Adaptive got the engineers involved and resolved our issues at their expense. Their commitment during our implementation exceeded our expectations. They didn't sell us prior to our purchase, they sold us during the implementation and many times afterwards when we looked to improve our model.
  • Reporting
  • Sheet design
  • Workflow
  • Until you learn it formulas can a little difficult
Yes
Very well
We are very satisfied with Adaptive
Adaptive is the leader and is very progressive with the product improvements that they provide.
We have not experienced issues when we are accessing the system.
Adaptive is very scalable and we haven't experienced any negative issues.
  • File import/export
We import and export data with relative ease.
Yes
Every time we improved our model we were extremely pleased with the process and support from Adaptive.
No
No
Score 9 out of 10
Vetted Review
Verified User
We are just implementing Adaptive Planning and Discovery and have recently seen a demo of the OfficeConnect product. I truly believe the OfficeConnect product will transform the way we do financial statements as well as the year end audit. To have have ability to refresh reports by pointing and clicking will definitely increase the efficiency and productivity of all our processes.
  • Adaptive gives us the ability to view information at several levels that we can not easily do in our ERP system.
  • The workflow process will enable to see where users are at in the budgeting process. In the past, we used excel spreadsheets which was inefficient and allowed for things to be missed.
  • Ability to filter and search on sheets
  • Ability to adjust column widths in sheets to make more readable.
  • Suppress columns with 0 value.
We are just implementing, I think I would have more to say after we are actually using the product.
The fact that the software was built in the cloud and can be accessed from anywhere, is definitely a plus. None of the big vendors we looked at were in the cloud, they were either just looking into or in the initial stages. But again, they might be putting their application in the cloud, but they did not rebuild the entire applications. They also do not have all products in the cloud, only some. I was asked by one major vendor why would you want it in the cloud. Just from that statement, it turned me off. One of the biggest factors was the cost and IT support. Adaptive's cost was much lower and there is very little IT support required..
It's too early for us to tell how effective the product will be, but I have great confidence.
  • We have found that it easier to drill down in Adaptive versus our ERP system (Banner)
4
Yes
We replaced Alight Planning with Adaptive. Alight was a difficult product to use and very slow. We were not able to roll out to the units and had no workflow.
  • Price
  • Product Features
  • Product Usability
  • Product Reputation
  • Vendor Reputation
  • Analyst Reports
Most of the vendors we looked at were going to cost significantly more and would require full IT support.
At this point I don't think I would change the process, we are too new to the product.
  • Vendor implemented
No
Change management was a small part of the implementation and was well-handled
We are currently implementing, but are working on changing the way we handle various processes. As an example, Enrollment management was done on an excel spreadsheet and we have built into Adaptive which will increase the efficiency as well as providing updates immediately.
  • Determining how will we do things in Adaptive, that were not previously done.
So far everything is going well. As we learn more about the product and unlock more uses of the software, I could see a second phase of implementation.
Adaptive Planning is rarely down for maintenance or any reason. They perform any upgrades over the weekend and are always informed in advance.
Andrew Rosenberg | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Easily allows for data entry of forecasted revenue/expense items - Minimal training needed to get all users familiar with the software.
  • Reporting - drag and drop features allows for easy creation of reports and limitless options on reporting features.
  • Consolidation - allows to easily roll up all business units in a real-time display of consolidated financial data.
  • Version control - creating new and unique versions is as simple as a "save as" in Excel.
  • Visualization thru Graphical Display - Adaptive Discovery allows for the creation of charts and graphs for KPI, scorecarding, and other graphical display of financial data.
  • Account Creation - Simple to create new accounts.
  • Plan changes - adding new business units is very easy.
  • Access control - simple to set up users with specific access to data, such as plan and salary level detail.
  • Adaptive relies on a Java applet to run, which can cause issues with having to download Java if IT departments do company wide updates. Also, Apple Macs have had issues, although this has been addressed.
  • Printing reports directly to PDFs could be added for easier board book formatting without having to export to Excel.
  • Formula syntax can be tricky for complex formula creation. Experience is required to get a good handle on formula creation.
  • Unique Personnel Planning requirements can require some customization.
  • ROI would be measured in time savings across all users including finance administrators. Calculation would be in the triple digits.
Compared to other products in the budgeting/planning software industry, Adaptive is the easiest to use with the most robust features, and as a SaaS and cloud-based offering, new features are added with each upgrade.
Having a budgeting/forecasting tool that is cloud-based with no IT involvement on our part, with access to newly added features and upgrades with each build cycle, along with the validation of the application via explosive growth in Adaptive's customer base should tell you everything you need to know about vendor selection for a budgeting tool.
25
All are business unit managers.
1
Finance supports the product on a full time basis.
  • Budgeting & Forecasting - used to budget across all of our companies and business units and quarterly re-forecasts are made in the system.
  • Reporting - Used for variance reporting, financial metrics reporting, financial reports, etc.
  • Dashboard display - Used to display advanced KPIs through the Discovery module.
  • Some ways we've utilized Adaptive Planning that might be unexpected have been for Corporate Overhead Allocation planning. Prior to using Adaptive, we allocated shared service (HR, IT, Finance, Legal, Office Space, etc) expenses based on a number of factors including headcount, revenue, time spent, etc, but had no way to project out future allocations to our 8 subsidiaries that were allocated these expenses. This was a problem as one of our subsidiaries was growing revenues and headcount at a much faster rate than the others. With Adaptive we were able to utilize new accounts for future drivers that tied into our personnel planning and revenue plans, as well as others, to forecast future overhead allocations in real time, as users made changes to their plans. This is not only a great benefit for P&L projections, but also a time saver for finance when doing quarterly reforecasts, where we no longer have to spend a few days updating projections for the year.
  • We've added the Discovery Visual Display tool from Adaptive Planning and have been able to display key metrics, that we couldn't easily track and display in real time before, including some alternative asset based fee metrics. Also, we've been able to add some capabilities using Discovery including scorecards and metrics that we utilize across all of our subsidiaries, including some variance and year over year displays. Discovery allows us to easily filter these metrics by company to easily change views and keep the same metric display.
  • Adaptive allows us to create sub-departments that roll up to reporting departments, which allows us to grant access to users who might only plan sales-related expenses for a single department, even though we don't specifically report sales data separately. This has been a time savings for managers who can know focus on more value-added activities and decentralizes the planning process for that department.
  • We've been able to create multiple reports that have allowed us to conduct more accurate accounting reviews during the month-end close process. Some of these reports include account averages for the prior 3-months, while reporting variances from that average as well as variances from plan data. This allows us to more easily identify entries that need review.
  • For two of our subsidiaries, we've been able to create sheets where we can plan revenue on customer level by month. This is something we hadn't plan to do after purchasing the application. However, the ease of planning, updating data through excel imports, and linking the output to specific plans and accounts, allows us to have a much more accurate forecast of revenues for both of these subsidiaries.
Microsoft Forecaster.
Prophix & Host Analytics. Chose Adaptive due to the robust features and ease of use.
  • Implemented in-house
  • Professional services company
Abacist Group assisted in the implementation and was very helpful.
Implementing the software was easy, and utilizing the implementer should be used for best practices and reviewing plan structures, etc.
  • Online training
  • Self-taught
Training receives the highest rating due to the availability of Webex training from an expert at Adaptive, with several sessions tailored to specific features including personnel, capital, formulas, reporting, etc.
Training can be done with a minimal time commitment. Utilizing the Webex sessions along with training manuals is a good approach.
Some configuration of the account groupings/display, but very easy to do.
No
Support questions are always answered quickly.
The user interface is familiar to all Excel users and data entry and formula creation is very easy. Minimal training required for new users.
Cloud-based allows for access anywhere. Very little downtime.
Product performs well when making and saving changes and navigating between pages within the application.
Very easy to work with the vendor in the process, post-sale including training and access to customer service for questions. We continue to work with Adaptive and have a great relationship with the company.
We have a 3 year term.
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