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.
Adaptive Planning, a key cog in a well run business
Solid and intuitive planning solution
Adaptive review from a national nonprofit
Effective in cost and use but not a panacea
Workday Adaptive Planning in conjunction with Intacct accounting
Workday Adaptive Planning – It’s Versatile!
Workday FINS and Adaptive simultaneous implementation, 3 years on
Excellent Planning and Analytics Tool.
Adaptive Rocks at Workfront!
CareStar recommends Adaptive Insights for reporting and dashboards
Workday Adaptive Planning unlocks financial management
Adaptive Insights - Effectively manage actual data and budget data
Best tool for FP&A, easy to use, helpful for budgeting and planning
Adaptive forecast creation !!!
How Workday Adaptive Planning Differs From Its Competitors
Workday Adaptive Planning AI Tools
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Reporting
Role Impact
Workday Adaptive Planning Data Driven
Company-Wide Alignment
Continuous Planning
Cloud Transition
Workday Adaptive Planning AI Tools
Workday Adaptive Planning Data Driven
Company-Wide Alignment
Continuous Planning
Cloud Transition
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Company-Wide Alignment
Continuous Planning
Cloud Transition
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Reporting
Role Impact
Reporting
Role Impact
Reporting
Role Impact
Reporting
Role Impact
Role Impact
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
- Financial budgeting (171)9.090%
- Forecasting (166)8.787%
- Long-term financial planning (160)8.585%
- Management reporting (171)8.484%
Reviewer Pros & Cons
Pricing
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
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Alternatives Pricing
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What is PlanGuru?
PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 9Pixel Perfect reports(1) Ratings
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
- 10Customizable dashboards(1) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 9Report Formatting Templates(1) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 9Drill-down analysis(1) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 7Formatting capabilities(1) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 8Integration with R or other statistical packages(1) Ratings
Integration with the open-source R predictive modeling environment.
- 8Report sharing and collaboration(1) Ratings
Report sharing and collaboration is the ability to easily share reports with others.
Report Output and Scheduling
Ability to schedule and manager report output.
- 8Publish to PDF(1) Ratings
- 8Report Versioning(1) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 8Report Delivery Scheduling(1) Ratings
Report Delivery Schedule is the ability to have reports delivered to a destination at a specific data and time.
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.
- 7Pre-built visualization formats (heatmaps, scatter plots etc.)(1) Ratings
Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.
- 8Location Analytics / Geographic Visualization(1) Ratings
Location analytics is the visualization of geographical or spatial data.
- 8Predictive Analytics(1) Ratings
Predictive Analytics is the ability to build forecasting models based on existing data sets.
Access Control and Security
Access control means being able to determine who has access to which data.
- 9Multi-User Support (named login)(1) Ratings
Named model access means that users have access based on name and password.
- 9Role-Based Security Model(1) Ratings
Role-based access means that access to data is determined by job or position in the corporation.
- 9Multiple Access Permission Levels (Create, Read, Delete)(1) Ratings
Multiple access permission levels means that different levels of users have different rights.
Mobile Capabilities
Support for mobile devices like smartphones and tablets.
- 8Responsive Design for Web Access(1) Ratings
Web design aimed at producing easy-to-read sites across a range of different devices.
- 8Mobile Application(1) Ratings
A dedicated app for iOS and/or Android.
- 10Dashboard / Report / Visualization Interactivity on Mobile(1) Ratings
In-app dashboard reports and data visualization.
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 8.5Long-term financial planning(160) Ratings
3-5 year financial plan with cashflow.
- 9Financial budgeting(171) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 8.7Forecasting(166) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 8.9Scenario modeling(157) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 8.4Management reporting(171) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 7.8Financial data consolidation(105) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 7.9Journal entries and reports(67) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 6.8Multi-currency management(80) Ratings
Ability to handle foreign currency conversions during consolidation.
- 7.6Intercompany Eliminations(59) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 7.9Minority Ownership(35) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 8.5Local and consolidated reporting(93) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 6.9Detailed Audit Trails(116) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 8.7Financial Statement Reporting(143) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 8.5Management Reporting(157) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 8.1Excel-based Reporting(156) Ratings
Ad hoc or formatted reports using MS Excel.
- 8.6Automated board and financial reporting(135) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 8.6XBRL support for regulatory filing(25) Ratings
Support for the XBRL standard reporting format for exchanging financial data.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 7.1Personalized dashboards(114) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 7.3Color-coded scorecards(94) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 8.1KPIs(107) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 7.6Cost and profitability analysis(111) Ratings
Cost and profitability analysis provides data for business decision making.
- 7.9Key Performance Indicator setting(95) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 8.3Benchmarking with external data(66) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 8.8Flat file integration(118) Ratings
Integration of flat files like text documents and comma separated files
- 8.1Excel data integration(146) Ratings
Ability to integrate directly with Excel data.
- 8.1Direct links to 3rd-party data sources(112) Ratings
Integration with external applications like ERP, CRM, HCM
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Workday Adaptive Planning?
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
Workday Adaptive Planning Integrations
Workday Adaptive Planning Competitors
Workday Adaptive Planning Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
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 |
Frequently Asked Questions
Workday Adaptive Planning Customer Size Distribution
Consumers | 0% |
---|---|
Small Businesses (1-50 employees) | 0% |
Mid-Size Companies (51-500 employees) | 60% |
Enterprises (more than 500 employees) | 40% |
Comparisons
Compare with
Reviews and Ratings
(337)Attribute Ratings
- 7.7Likelihood to Renew43 ratings
- 7.3Availability11 ratings
- 9.1Performance5 ratings
- 9Usability109 ratings
- 8.1Support Rating33 ratings
- 7.3Online Training9 ratings
- 8.2In-Person Training2 ratings
- 9.4Implementation Rating27 ratings
- 8.2Configurability5 ratings
- 8.6Product Scalability12 ratings
- 8.2Ease of integration8 ratings
- 6.4Vendor pre-sale4 ratings
- 8.2Vendor post-sale4 ratings
- 7.6Data Sources17 ratings
- 7.5Data Sharing and Collaboration17 ratings
- 8.2Professional Services1 rating
- 7.3Contract Terms and Pricing Model1 rating
Reviews
(1-5 of 5)A must-have planning tool
- 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.
- 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
- Financial data consolidation
- N/AN/A
- Journal entries and reports
- N/AN/A
- Multi-currency management
- 100%10.0
- Intercompany Eliminations
- N/AN/A
- Minority Ownership
- N/AN/A
- Local and consolidated reporting
- 100%10.0
- Detailed Audit Trails
- 90%9.0
- Financial Statement Reporting
- N/AN/A
- Management Reporting
- 100%10.0
- Excel-based Reporting
- 100%10.0
- Automated board and financial reporting
- N/AN/A
- XBRL support for regulatory filing
- N/AN/A
- Personalized dashboards
- N/AN/A
- Color-coded scorecards
- N/AN/A
- KPIs
- N/AN/A
- Cost and profitability analysis
- N/AN/A
- Key Performance Indicator setting
- N/AN/A
- Benchmarking with external data
- N/AN/A
- Flat file integration
- N/AN/A
- Excel data integration
- N/AN/A
- Direct links to 3rd-party data sources
- 100%10.0
- 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
- 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
- Price
- Product Features
- Product Usability
- Product Reputation
- Positive Sales Experience with the Vendor
- Analyst Reports
- Third-party professional services
- None
- Online training
- in-person training
- 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.
- Intacct
- Paycor
- Paycor
- File import/export
- API (e.g. SOAP or REST)
- 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
Time Saving
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.
- Long-term financial planning
- N/AN/A
- Financial budgeting
- 100%10.0
- Forecasting
- 100%10.0
- Scenario modeling
- 100%10.0
- Management reporting
- 100%10.0
- Financial data consolidation
- N/AN/A
- Journal entries and reports
- N/AN/A
- Multi-currency management
- 100%10.0
- Intercompany Eliminations
- N/AN/A
- Minority Ownership
- N/AN/A
- Local and consolidated reporting
- N/AN/A
- Detailed Audit Trails
- 100%10.0
- Financial Statement Reporting
- N/AN/A
- Management Reporting
- N/AN/A
- Excel-based Reporting
- N/AN/A
- Automated board and financial reporting
- N/AN/A
- XBRL support for regulatory filing
- N/AN/A
- Personalized dashboards
- N/AN/A
- Color-coded scorecards
- N/AN/A
- KPIs
- N/AN/A
- Cost and profitability analysis
- N/AN/A
- Key Performance Indicator setting
- N/AN/A
- Benchmarking with external data
- N/AN/A
- Flat file integration
- N/AN/A
- Excel data integration
- 100%10.0
- Direct links to 3rd-party data sources
- 100%10.0
- Allowed us to be more efficient with the budget process. No excel spreadsheets to consolidate and roll-up budgets.
- 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.
- Product Features
- Product Usability
- Third-party professional services
- None that were quantifiable.
- Online training
- Self-taught
- All sheets flow into the budget sheet. This allows for seamless roll-ups.
- Formulas are somewhat confusing.
- We have integrated our account system - Intacct
- No-Not at this time.
- File import/export
- N/A
- N/A
Adaptive Insights
- Ease of implementation
- Ease of use
- Easily maintained
- Cutting edge
- Improves accuracy and timeliness of the planning process
- We are happy with our selection
- 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
- Financial data consolidation
- N/AN/A
- Journal entries and reports
- N/AN/A
- Multi-currency management
- N/AN/A
- Intercompany Eliminations
- N/AN/A
- Minority Ownership
- N/AN/A
- Local and consolidated reporting
- N/AN/A
- Detailed Audit Trails
- N/AN/A
- 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/AN/A
- 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/AN/A
- Flat file integration
- 100%10.0
- Excel data integration
- 100%10.0
- Direct links to 3rd-party data sources
- 100%10.0
- We achieved our planned ROI
- Continues to add value to our organization
- We continue to improve our use of the software features
- SAP
- 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
- Price
- Product Features
- Product Usability
- Analyst Reports
- Professional services company
- System response
- Unfamiliar with manufacturing
- Our business requirements
- Self-taught
- Reporting
- Sheet design
- Workflow
- Until you learn it formulas can a little difficult
- File import/export
Adaptive will change the way we handle the budgeting process as well as increase efficiency.
- 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 have found that it easier to drill down in Adaptive versus our ERP system (Banner)
- Price
- Product Features
- Product Usability
- Product Reputation
- Vendor Reputation
- Analyst Reports
- Vendor implemented
- Determining how will we do things in Adaptive, that were not previously done.
Adaptive Planning Review from NorthStar Financial
- 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.
- 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.
- Implemented in-house
- Professional services company
- Online training
- Self-taught