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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 (171)
    9.0
    90%
  • Forecasting (166)
    8.7
    87%
  • Long-term financial planning (160)
    8.5
    85%
  • Management reporting (171)
    8.4
    84%

Reviewer Pros & Cons

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Pricing

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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?

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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 8.3

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 8.7

Mobile Capabilities

Support for mobile devices like smartphones and tablets.

8.5
Avg 8.0

Budgeting, Planning, and Forecasting

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

8.7
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

8.5
Avg 8.3

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

7.7
Avg 8.0

Integration

Ability to integrate with external applications.

8.3
Avg 8.3
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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 Financial budgeting highest, with a score of 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

(337)

Attribute Ratings

Reviews

(1-25 of 55)
Companies can't remove reviews or game the system. Here's why
Daniel Killpack | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We already had real-time reports from our cloud-based accounting system, but their reporting system doesn't have the flexibility the Adaptive has, which is the major reason I purchased Adaptive. Complaints about our reports have stopped. I now get compliments on how easy and useful Adaptive is. I have 85 business units and 5 major departments that all have real-time access to budget to actual reports, group and personal dashboards. Another feature we've been able to incorporate is actual P&L by business unit with a moving balance. Our accounting system didn't allow us to incorporate a non-financial number (beginning unit balance) into the accounting system. We could use it in a report, which ended up being a bit clunky. With Adaptive, we imported the beginning balance and now it calculates the P&L in every report. No more questioning the validity of the numbers. Everyone can see all the inputs and outputs and its impact on the bottom line.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
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.
September 27, 2018

Adaptive a home run product

Score 9 out of 10
Vetted Review
Verified User
The ease of reporting is probably the biggest time saver for our department. The ability to streamline line reporting has been phenomenal. Our CEO will say it use to take the previous FP&A team 2 days to turn around a request of mine and now it takes you team 10 minutes.
Denise Lewis | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
September 20, 2018

The efficiency of Adaptive

Steve Paul, CPA | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We have experienced fast reporting cycles, as mentioned previously, we have shortened our close schedule by a day or two in terms of the time it takes to complete the work. We are able to access "live" data much faster than before. We also have created KPI's/dashboards to report to senior management in our monthly financial packet.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Adaptive has enabled reporting and analysis for my team. It has been beneficial to see actuals piped in to compare against different versions. Auditing features are helpful to dig deeper into the details, whether the variance was coming from a certain subsidiary or a sub-department.
Ed Behen | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We now have a place where executives down to project managers can go to get real-time progress reporting. Our board reporting is automated through Office Connect. And the Waterfall Reports in Discovery are the best I have seen, and also super easy to create.
Samantha Monastra | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User
Incentivized

We use the Reports module in Adaptive Planning every week, if not every day. It's helpful to quickly refresh reports and allows others at our company to run self-service reports. This has been invaluable since it frees up FP&A so we can perform more analysis.

The OfficeConnect for Excel Add-On has also been very helpful in providing quick on-the-fly reporting to others within the company. We have limited licenses for this since it is not as intuitive for a first-time user.


March 23, 2018

Ahead of the curve.

Andy Clifton | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
- Adaptive has allowed automated actual vs budget reports are now circulated throughout the budget owners of our organisation. This has freed up a lot of time for increased business partnering and analysis.

- Variance analyses are now available at the click of a button and do not have to be manually prepared in Excel = time saving for improved insight and analysis.

- Our board reports are now more useful to the KDMs of our business as they can be prepared with better data visualisation and faster. This enables us to spend more time on the "explaining" and "advising".
Score 10 out of 10
Vetted Review
Verified User
Incentivized
The accuracy of financial data and consistency of measurement of KPI's has improved. Our accuracy and timeliness of variance reporting have improved.We have faster reporting and consolidation of actuals and budgets/forecasts. Gives us improved capacity to incorporate additional reporting lines and/or KPI's across the group relatively quickly. It has helped us provide financial information for due diligence required for equity-raising.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Improved accuracy - drill down functionality allows for quick and easy comparison between budgeted and actual spend - is key, as are a reduction in man hours in the time it takes to produce the reports. Scenario modelling is also extremely quick and easy using the many different versions in Adaptive.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Adaptive captures data in lower level and various multiple variables such as accounts, dimensions, level, time, scenario, which provides greater transparency and enables user to identify the anomaly. It improves the data quality and accuracy and also enables faster reporting cycle.
March 18, 2018

Basic Review

Ernie Leonard | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Adaptive is a total upgrade over our previous reporting methods. It is more accurate, faster, and allows the users to get the data when they need instead of having to request the data being sent via email.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
The data quality has improved but that's simply because we control the data now- any system would have been better than the out-sourcing we used to do previously. Our reporting cycles have steadily gone down- as our subsidiaries have gone down the learning curve. And we've been able to add more useful analysis to our reporting e.g. we have added revenue run-rate which has helped us drive our understanding of the business
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Reporting is very neat in that it is just a matter of letter the users know the monthend reports are available for use. In fact they are always available to see their information throughout the month and some people do like to monitor their activity even before getting the message that the reports are final. We also do what-if modeling such as a different budget look for the bank by making some changes in a separate budget version. Very simply to do.
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