TrustRadius
Adaptive Insights provides a unified Business Intelligence (BI) and Corporate Performance Management (CPM) suite of cloud-based software used for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence. The Adaptive Suite is designed for companies and nonprofits of all sizes to allow finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance.https://media.trustradius.com/product-logos/FK/vz/SZITLTITATCG.JPEGOutsanding Solution!As a growing company, we needed to shift from Excel-based budgeting/reporting models to a much more capable (and sophisticated) model. We selected Adaptive based on the tool's capabilities, the fact that it's cloud-based (SaaS), and easily scalable. We deployed Adaptive for all budget owners within 3 months of making our decision. Using Adaptive, our budget owners and executives now have a much better (and faster) view of our financials, as well as allowing the finance team to spend time on analysis/insight.,Overall structure of the model is both powerful and simple. Accounts and levels (departments/cost centers) drive the overall data structure. Once this principle is firmly understood, the tool is quite easy to understand from an implementation and administrative perspective. Customer support is outstanding. Even though we're a small company, Adaptive doesn't recognize that (or care). I've had conversations with a variety of their team members on a number of different topics, and they are very good at supporting our company. Reporting tools are world-class. It's nice that you can have a best-in-class planning system, but without equally strong reporting tools, it really doesn't mean much. Adaptive's easy-to-build reports are both flexible and powerful. Administration is easy. Helpful tools to make your system secure.,Our biggest challenge is that more people want the tool than we (originally) budgeted for. (This really isn't a con, but be aware that if you're moving from an Excel-based manual model, people will be really hungry for this type of tool/application.),10,Positive: We are much more efficient now than previously. The time savings alone, and our ability to focus on insights/analytics using less resources has been a great strength to our company.,IBM Cognos, Host Analytics Cloud EPM Suite and Oracle Hyperion Enterprise Performance Management,Veeva Vault, Sage Intacct,,,Planning (Forecasting, Budgeting) Management and Statutory Reporting Analytics,Stock-based compensation forecasting linked with workforce planning. This was historically a very challenging calculation, given our headcount growth and manual process. Using Adaptive, we were able to generate formulas based on our overall workforce plan, along with highly "auditable" calculations (i.e., we don't have a "black box" where nobody can explain how the number is calculated).,Linking our PO system directly within Adaptive, so that business/operational leaders can see a list of all their open POs and plan accordingly.,10,Yes,Product Features Product Usability Prior Experience with the Product Vendor Reputation Existing Relationship with the Vendor,During the vendor review/selection cycle, we would attempt to identify "best-in-class" core processes, and then rack/stack the vendors accordingly. Knowing what I know now, Adaptive would still come out on top for me.,Third-party professional services,Yes,Change management was a small part of the implementation and was well-handled,Foreign currency-related issues, which the Carlson team expertly understood and resolved in a timely manner.,10,10,No,As a new administrator, I was trying to resolve an issue with my cash flow model (I thought a custom account wasn't calculating correctly). However, one adjustment that the Support team recommended I make very quickly solved my issue. Importantly, they also taught me understand the "core" principle so that I use this feature going forward for other areas of my model.,Integration with our core ERP platform. Once this is set up, scheduling data feeds from any source system is simple and fast. Workforce planning is outstanding. We have several inputs in our workforce model (including location, benefits, etc.) and the ability to have drop-down menus with appropriate selections appear is excellent. Scenario modeling: I'm particularly pleased with this aspect of Adaptive, since we do quite a bit of scenario modeling for each budget/forecast cycle. The way we've structured our model allows for many different scenarios, with the ability to easily turn each scenario on/off.,The functions themselves aren't difficult to use; like any system/tool, it does take some training to fully understand how to exploit the power of these functions and the tool's overall capabilities.,10Great software, great pros, and not significant consAdaptive Insights is used by Finance to assemble all company budgets into one place. Currently, finance is the only one that logs in. It helps us complete the budgeting process, have one source of truth, and report final numbers to the board and executives. It allows for immediate backup, being in the cloud, and you can log in from anywhere.,They have a really good Excel tool where you can pull and push data. It does really well at being adaptive and letting you change things. I really like the user interface.,I don't love the dashboarding that it has. I feel it's trying to compete with other solutions and doesn't do that well. Sometimes it can be slow. It costs a lot per user.,9,You spend less time verifying models and numbers and can move on to actual work. The reporting function, OfficeConnect, has been a huge time saver for us. Allowing multiple users in the system at once is extremely helpful.,Anaplan,Slack, NetSuite, Workday Human Capital ManagementAdaptive Insights -- a great solution for planningWe have been using Adaptive Insights for five years. We started using it for annual expense planning and have expanded to forecasting, scenario planning, and what-if analysis. Adaptive Insights is used by the entire organization. Business managers and finance use the software for budgeting, reporting, forecasting, and scenario planning.,It helps to produce a consolidated budget very quickly. Good built-in audit trails. Good reporting for variance analysis.,The software allows you to plan at a very granular level, but the reporting at a granular level between plan, actuals, and other versions can be challenging.,10,Before using Adaptive Insights, our annual budget process involved emailing spreadsheets back and forth. That's a very time-consuming and error-prone process. Adaptive Insights has made the process much more efficient for the Finance team and the business managers.,Budget Maestro, Prophix and Host Analytics Cloud EPM Suite,Sage Intacct, Concur Expense,Data input/capture. Consolidated reporting. Version Control.,Granular reporting between versions.,9Adapt to the Future: How Adaptive can Save you Time and MoneyCurrently, Adaptive is used by our entire finance department. In the past, we did all of our budgeting and forecasting in excel. Adaptive has removed the headaches we used to experience and seamlessly brought everything together in a way that facilitates cooperation and communication. The dynamic nature of adaptive makes it a very collaborative experience and it does a wonderful job at satisfying all of our forecasting, budgeting, and reporting needs. Furthermore, Adaptive integrates very well with Domo enabling us to create beautiful visualizations across versions that make storytelling to executives a true delight from the finance end.,Modeled Sheets are great. Their formulas are easy to use and questions are easily answered when/if they arise. The reporting capabilities are very nice. Integration with our ERP and other cloud services has been great.,Our biggest gripe has to do with the speed. Sometimes pages can take a long time to load, but those long load times are minuscule compared to the ones we had before. The View Dependencies feature does not work and it would be extremely helpful. Accounts used in reports acquire a unique code within the report and fail to show the unique code of the account in your instance. This can make it hard to identify which account you are actually using in large reports with similar accounts.,9,Adaptive saves us hundreds if not thousands of hours per year. This increase in efficiency results in cost savings north of $100k. It has transformed the way we collaborate within the organization and increased morale within the finance team. With Adaptive, we have truly become a dynamic, active planning finance department.,,Coupa, NetSuite, DomoAdaptive Insights Drives Finance Team Efficiency!Adaptive Insights is being used primarily by the Finance teams—it is not being used across the full company. It's leveraged for forecasting, budgeting, reporting, data visualization, and ad-hoc analysis. It is not being leveraged for Accounting.,Clean and approachable user interface Easy to build models, similar to Excel Frequent updates to the product Charting Low maintenance overhead Security,More robust/better Excel integration Speed More custom branding to fit your company,8,Faster forecasting process Single-source-of-truth for actuals and budget More accurate forecasts Allows team to forecast concurrently vs individually Improves forecast scenario management More confidence in data Faster financial reporting,Host Analytics Cloud EPM Suite, Anaplan, Oracle Planning and Budgeting Cloud, IBM Cognos and Tidemark,AnaplanAdaptive Insights Allows a Lean Finance Team to Manage a Dynamic BusinessCurrently, only our finance department, which consists of a VP, director, manager, and three financial analysts, is using Adaptive Insights. Each individual owns a certain portion of our model, usually aligned with the business they support. We have built our complete business model in Adaptive Insights so that we can forecast our financial statements, as well as forecasting and tracking key process indicators and business metrics.,Consolidation. Detailed modeling. Integration with accounting systems like Netsuite.,Permissions for users by the account in addition to the level. The use case being letting a financial analyst see the headcount sheet with the comp for the organizations he or she supports, but not for the finance and accounting departments to hide the salaries of other team members from them. Currently, the View Dependencies feature does not seem to work very well, so you really can't see all the places a certain account is showing up in your model. It would be nice to have greater visibility to see where each account is used in the model so that you know how changing that account will change your model. The Account Code in Reports is different than the actual account codes, so it is hard to know what account is actually being used in the report.,10,Adaptive Insights has helped us leverage each analyst and member of our finance team so that we can run a really lean team and avoid hiring more analysts. It has helped us manage our business to hit our financial targets.,Domo,Domo, NetSuite, CoupaBest of breed application that is relatively easy to get up and going + maintainWe are using Adaptive as our system of record planning and reporting application. The FP&A team is the primary editor of information, but read-only information is widely consumed across the org.,Excellent documentation with articles and videos. Strong implementations network of consultants. Accessible staff for Q&A (like formulas Friday and other weekly sessions).,Being cloud only, occasionally the model may be slow to load or update. Certain features like user assigned sheets are edit only or no access (no read-only access). Dimension level security is coming in a future release (Fall 2019). Cannot have multiple security profiles per user (one profile per account).,10,Reduced our FTE needs by two. Instilled trust in the numbers across the org by providing a highly available, cloud-based access to the system. No more emailing reports.,,Looker, NetSuite,50,4Insights you can AdaptUsed across the whole organization to reduce static planning.,Provides a one-stop space for the entire organization to view data & reports. Provides a one-stop space for the entire organization to enter their own unique data. Provides a one-stop space for the entire organization to handle received tasks.,Like any software understanding formula & formula language.,10,Not aware.,Adaptive Rocks at Workfront!Adaptive is being used across the entire company as our budget software. We also use it to generate some operational metrics, and are expanding that functionality now. We have all of our financials, track our bookings, and track our ARR in Adaptive.,I love how easy it is to track software and general amortizations in Adaptive. The software has been an issue with my past employers, but it flows very easily here in Adaptive. We also use Adaptive's OfficeConnect for easy reporting. It has helped us automate our reporting as we work with internal departments. We have the reports built, and the software and can refresh all of them simultaneously, reducing generation time and giving us more time for analysis. We are building out more operational metrics now. We are starting to track sales opportunities across different business segments to see the correlation between spending activities and opportunity generation. This helps us set better targets in the future. This paired with OfficeConnect also makes it very easy to track and report on operational metrics in addition to financial metrics.,It can get cumbersome to have separate sheets for all prepaid expenses. The software works out very neatly - but creating a new sheet for each prepaid expense can be difficult. Because of this, I feel like forecasting is less based on actual plans, and more based on gut feelings, and trends rather than actual plans. I wish OfficeConnect could pull individual lines rather than just aggregated data. The example that I'm trying to work on now is that I would like to pull personnel information from OfficeConnect (mainly pulling lists of employees, or open positions). I don't know how to do that currently. I can pull aggregated data and show totals - but I can't see the individual lines that make up that total within OfficeConnect.,9,We are seeing more and more how Adaptive can go beyond financial metrics and cross into operational metrics. As we work with other departments in the business, we are working hard to make Adaptive the system of record when it comes to KPI reporting and measuring.,Essbase Cloud and Oracle Hyperion Enterprise Performance Management,NetSuite, Coupa, WorkfrontAdaptive InsightsWe are using Adaptive to allow us to provide financial reports with different groupings and views that the accounting software could not provide. As we continue we will be adding key metrics that will provide individual business leaders actionable items that can directly impact the P&L.,Infinite ability to group accounts and departments for reporting. The only limitation is the number of ways that you think of in terms of consolidating the information. Being able to build scalable, complex, distributed, budget models. With the data we can bring into the system and the formulas we can use we have all the functionality of the spreadsheet, but with the flexibility to allow leaders across the organization to participate and update their section. The platform allows multiple forecast/budget versions which allows for version control and sensitivity analysis. I can lock versions from changes while quickly creating a new version to see the impact of a +or- scenario to the company’s profitability. With the OfficeConnect tool we can leverage Excel to provide repeatable reports for the board and other business leaders that are repeatable from month to month. While the platform provides more flexibility than an accounting package it still has limitations. Using OfficeConnect I can leverage the power of the Microsoft suite of Excel/Word/PowerPoint directly.,When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section. Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation. You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.,10,We have been able to look at product line profitability and key metrics that would have been difficult to pull together in a timely manner. This has led to insights where we should focus our efforts. By integrating with the accounting system we are able to leverage Adaptive to speed the accounting close with teen analysis and error checking. Once we determine a metric is important we can then work with IT to capture the data and house it in the system. This allows the finance team to focus on analytics rather than data mining.,Prophix, Oracle Hyperion Enterprise Performance Management and Host Analytics Cloud EPM Suite,Microsoft Dynamics 365 (formerly Microsoft Dynamics CRM), Velocify, Tableau DesktopAdaptive is very insightful!We use Adaptive for all of our budget development, forecasting, analysis and management reporting. Adaptive is used across the whole organization. Adaptive allowed us to move away from manual spreadsheet forecasting, develop budgets using staffing, travel, capital assumptions. Also real time KPI's and dashboards was a real business need for our association and Adaptive provides that solution. The ease of loading actual data from our transactional system gives us real time financials that we did not previously have the capability . OfficeConnect allows us to run our monthly budget reports in a timely fashion as our previous system had to be run over night due to serve issues without the amount of data.,Allows assumptions to be created for fringes, taxes, capital etc. We are now able to push these type of expenses to individual departments as opposed to a single department. Gives us true costs for each department. The flexibility in revising and creating new sheets allows our organization to modify our budget/forecast approach without much downtime. Also, we can make these modifications internally . No need to hire consultants to complete these tasks. Adaptive Insights is an easy to use/understand tool for end-users. Our users typically struggle with new systems but the Adaptive roll-out was very smooth with very little end-user angst.,The format of reports when downloaded to Excel or PowerPoint could use improvement. Would be nice if you could inactivate GL accounts when they are no longer being used. Suppress rows functionality when set by the administrator to default to suppress if not data doesn't always seem to work.,9,Budget and forecast cycles have been reduced due to the ease of data input by our end-users. We used to allow user a month to input annual budget data and we can now complete this process in two and a half weeks. Forecasts used to be completed using Excel by our 17 divisions. Adaptive has allowed for us to complete the forecast process using the Adaptive tool which allows us to consolidate our forecasts immediately versus a manual process. Month-end reporting used to take us 5 days to complete our package prior to using Adaptive. Our organization can now finalize our reporting in no more than 3 days due many of the reports coming straight from Adaptive.,Adaptive has improved our reporting and analysis ten fold due taking many manual spreadsheets and automating monthly reporting and analysis. During our budget development we have been able to utilize what-if analysis to determine the impact of eliminating programs/activities during budget discussions with management. Our budget accuracy has improved by about 10% since implementing Adaptive particularly staff allocations to programs. We were not able to come up with true costs of programs prior to using Adaptive and we now have a sheet where the end-users allocate staff time by percentage to each program.,The biggest impact for me individually has been spending significantly less time assisting end-users with budget inputs and more time analyzing the data that has been input. Additionally, the response time of Adaptive is great as we have had no system outages. Our previous system was very slow and some times the outages would last an entire day and we would need to have a paid consultant assist with getting the system back up and running.,Oracle Hyperion Enterprise Performance Management,9BEST CPM software out there!!Adaptive Insights is used across our organization. It has addressed many business problems, such as more streamlined budgeting and forecasting, including income statements, balance sheets, cash flow statements, and capital expenditures. We recently completed our first 5-year forecast, which would not have been possible without Adaptive Insights. We use Adaptive Insights for all of our financial reporting. We also utilize the Dashboard capability for executives.,Financial Reporting - Building financial statements in OfficeConnect is a breeze! They are quick and easy to update on a monthly basis! The HTML reporting within Adaptive Insights is also particularly useful for department and adhoc reports! Budgeting/Forecasting - Being able to budget/forecast within Adaptive Insights has significantly cut down on the time it takes to budget by utilizing formulas and assumptions within the model! We reforecast quarterly, and with Adaptive Insights, it's painless when compared to the Excel forecasting we did previously. Cash Flow Statement - Creating this for the annual audit was painful before Adaptive Insights! Now, it's a simple export from Adaptive Insights. Dashboards - The dashboards that can be created are endless and provide valuable insight for our executives in real-time!,10,Model - It takes a little bit of time to get familiar with how the model works.,Month-end reporting: It's hard to say how much time Adaptive Insights has provided, but I can say we no longer have formula errors in Excel reports and refreshing financial statements every month only takes a couple of clicks. Budgeting/forecasting: We have saved a tremendous amount of time in our budgeting cycle. After importing a budget in Adaptive Insights and setting up the model with formulas, we are able to copy the most recent budget version into the next budget version and review. Being able to budget in Adaptive Insights also removes the possibility of formula and linking errors that come with Excel.,Since implementing Adaptive Insights, we cut 5 days from our month-end reporting cycle! We are also able to provide intuitive dashboards in real-time to our executives. We recently created a quick what-if analysis in Adaptive Insights we otherwise would not have been able to do in Excel. Adaptive Insights also has a fantastic drill-through capability to see journal entries, which has helped tremendously when doing variance analysis.,10,Since implementing Adaptive Insights, I have been able to spend more time on strategic analysis, creating longer-term forecasts, cash flow modeling, and capital expenditure forecasting to name a few. It saves a significant amount of time for month-end reporting.,The efficiency of AdaptiveIt is being used across our entire organization. We are using it both for forecasting purposes and actuals reporting purposes. We were previously using an in-house built financial system and the implementation of Adaptive has saved us time both in our monthly reporting process as well as our planning/quarterly forecasting process.,It allows us to provide up to date information to senior management with the click of a few buttons. It saves us time in our month-end close process as well as our budgeting/forecasting process. Its dashboarding allows us to create visuals and monthly KPI's to report to senior management.,9,We would like to see the functionality of dates being added to web reports. The month to month maintenance is sometimes cumbersome. This is more of a comment due to the fact that we are a construction company and our structure (jobs) changes on a monthly basis.,Month-end reporting has been reduced by two business days Budgeting and forecasting completed with much less - I would estimate an average of 2 days is saved each budgeting/forecasting cycle per main user.,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.,9,It has made the month-end process and budgeting cycles much more efficient which has allowed me to focus on other tasks/projects that my position exposes me to.,Adaptive Insights ReviewAdaptive Insights is used predominantly by the accounting and finance department. However, we track our system sales, same store sales, and other items in Adaptive. We use Adaptive to build reports for all areas of our company.,Easy to use Easy to learn Similar to Excel,Allowing users to select an individual month within the time frame filter,10,Adaptive has made our monthly financial close process much smoother. We are able to close within a few hours whereas it used to take us all day without Adaptive.,,Microsoft 365 BusinessForecasting made easyAdaptive is being used across a department within one of our Divisions. Adaptive allows us to prepare and project our monthly Forecast and annual Budget. The Adaptive built-in reports are key for our department to analyse the evolution of our forecast and the comparison with our budget.Furthermore it gives you a tool to control the projection of our intercompany recharges.,Flexibility Ease of use Intergration with other tools (SAP, SAP FC, Excel),Formatting of the built-in reports Ability to modify the levels structure Dashboard improvements,9,Data traceability Save down different versions Interface to our consolidation tool for forecast and budget,Time SavingAdaptive was purchased to improve our current budget processes and make it more efficient. The software is being used by the Finance Department and key bBusiness users across the organization. Prior to Adaptive, the organization used complex Excel spreadsheets for over 90 departments. Adaptive has taken these complex spreadsheets and incorporated them into the set up and incorporates all of the standards and assumptions, so that the end user only has to input their information one time and everything flows through to the correct budget sheets for analysis.,Adaptive's reporting function is an excellent tool for analysis. It can be used for budget formulation through monthly reporting analysis. Adaptive makes it easy to get down to the most minute level of detail in order to quickly give analysis on the budget, through its modeled sheets, and cube sheets.,I don't see any weaknesses from the software, other than it not having the flexibility to make changes to other versions of budgets without affecting previous versions.,10,Allowed us to be more efficient with the budget process. No excel spreadsheets to consolidate and roll-up budgets.,,Sage Intacct,46,2,Budget Forecasting Budget Planning Budget Variance Reporting Currency Management,N/A,It's possible for us to look at our billable time. We just haven't made it there yet.,10,Yes,Product Features Product Usability,I don't think I would change a thing.,Third-party professional services,No,Change management was a major issue with the implementation,None that were quantifiable.,10,Online training Self-taught,9,No-Training is needed.,10,None that I can think of....,Some - we have done small customizations to the interface,None,No,8,No,I was having issues with some items that were change during a previous services agreement. Even though that service was closed, they helped me figure out the issue with the calculation error.,All sheets flow into the budget sheet. This allows for seamless roll-ups.,Formulas are somewhat confusing.,No,10,10,10,10,We have integrated our account system - Intacct,No-Not at this time.,File import/export,10,Work with the professionals at Adaptive to get it right!,10,9,Not Sure.,None at this time.,No,N/A,N/A,No,NoAdaptive Insights to the rescueWe have multiple units that need to be budgeted on an annual basis. Each of these entities is responsible for their own budgets using some assumptions driven by corporate. At the end of the process, it all has to be pulled together. Previously, using Excel, this was at least a full day process, with similar turnaround times every time something was changed at the base level. Now that process takes minutes.,It is one database, so there is no pulling together or consolidating of data It allows for structural changes to be made such that if a corporate decision is made that impacts everyone, or even a segment of the units, the change can easily be made in minutes At the end of the process, often times we will want to dig into the numbers, and possibly change some, based on how they all roll up. Previously, this was an Excel nightmare. Now it is instant and seamless. Discovery provides an "at your fingertips" display of every KPI that you can dream up, as well as trends, breakdowns, and projections that are driving or being driven by those indicators.,I would like to see the ability to completely turn off all calculations for a budget version, such that it is locked down, and would require an act of Congress to change a number. We have had a few cases where something was inadvertently changed AFTER the budget was finalized. The ability to back-up an entire budget would be helpful (see the comment above).,10,Budgeting timeline has been reduced significantly. We have achieved this through the ability to more efficiently update the model, as well as the instantaneous ability to roll the various units together during and after reviews. Month end reporting has been streamlines, such that we can now push out reports and graphs instantly, rather than having to run them individually, and then re-create graphs and charts,We have not begun to roll out the Dashboards yet, but look forward to doing so. Ad-hoc reporting and what-if analysis now happens as quickly as a request is put in, which often results in a more detailed review of the data prior to release. Reporting timelines have decreased, allowing us more time for quality reviews, and less time for package preparation.,Once we rolled out the budget process, I moved to getting the results into the system so that we could have real-time analysis. Currently, I am getting data in manually, which significantly reduces our ability to use Adaptive for real-time analytics. Once we get the automated data flow working between our various software vendors, we anticipate having significantly more time available for strategic analysis.,,8Adaptive Insights ReviewAdaptive Insights is currently used in our finance department to help plan, budget, and forecast for our company. Ultimately, it helps us as we work with the business leaders to track expenses as they come in. We review expenses each month and compare our budgeted numbers to actual numbers with our business leaders to identify the reasons behind any variances.,It is much nicer than having Excel because you don't have to worry nearly as much about breaking formulas. It enables analysts and business partners to plan together by both having access to the same numbers in the same software thus reducing confusion and helping to keep everyone on the same page. It helps a lot with reporting and doing analyses on budgets vs. actuals.,I wish that there were a way to select multiple levels when viewing sheets instead of having to build a report. It would be nice if there were slightly more access controls so that different analysts could see the headcount for their groups without giving them access to the entire company's headcount data.,9,Adaptive has had a huge positive impact in my opinion on our overall business objectives. We use it everyday to help our business partners run their business and understand their budget. It's also had a positive impact by being able to be integrated with other systems our company uses. For example, we have it integrated with NetSuite and Salesforce so that we can import data to assist in planning as well as budget vs. actual analysis.,,Domo, NetSuite, CoupaAdaptive a home run productAdaptive is being used for all our budgeting, forecasting, and board reporting. It is currently being used by just the finance department, but I have been at a previous organization where it was more widely used. Adaptive has really helped us make our monthly, quarterly, and board reporting much more accurate and efficient. Moving from Adaptive and out of Excel has really allowed us to get important information into the hands of our executive team much quicker.,The security settings are very easy to implement. I can easily give access to our analyst in Europe access to only their portion of the budget with just a single click. Being able to quickly spin up multiple versions of a plan make scenario planning very efficient. The reporting functionality is robust and can be done by the team.,The implementation process could be a little more straight forward,9,The ROI has been great. We were probably able to eliminate at least one future position which gives us about a 6X annual ROI,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.,The amount of time it has freed up for myself and the team has been invaluable. We have been able to be more strategic to the rest of the organization. It has also allowed us to be flexible and nimble.,Anaplan,9Management Reports & ConsolidationWe use Adaptive Insights to consolidate our financial systems. It's being used for consolidation and management reporting purposes. It's very intuitive and easy to use. It improved our process by two times. Our monthly close process is much faster than it was before. Adaptive is a great database to have all the company's information to manipulate and report.,It's very flexible Easy to use Can adapt with any ERP system,It should look into more software integration More standard templates More flexibility on formulas,7,It cut costs on a more pricey tool It cut time on [our] closing process It's easy to learn,NetSuite,NetSuite, Microsoft Exchange, Oracle Hyperion Enterprise Performance ManagementAdaptive from the point of view of someone new to forecasting/budgeting toolsAs far as actual users of the product, my team in finance is the only one using the product. With that said our business partners know we use it and benefit as a result of it. Adaptive gives us the ability to streamline the forecasting processes and ensure accurate results.,Multiple users working on the forecast at once is big. If you're running in Excel, you know this is a big pain point. Adaptive solves it by allowing multiple users to be working in and making changes in the model all at once Reporting - such as BvA analysis,Speed - Maybe the hypercube will help, but because our model is so big, it is really slow Training materials for new Adaptive users,9,It's been a huge time saver. Turn around on budgeting and forecasting processes drastically cut.,Brief positive experienceIt allows for data integrity as well as rapid reporting.,Keeps up with reporting needs Pays attention to current products as well as new products easy to use, cloud based system,They are always working on improving system issues that I am concerned about, but some issues take longer than others (up to a year),8,As we've grown, we've been able to automate monthly KPIs that have reduced headcount needs.,,NetSuiteAdaptive Insights - Market LeaderWe use/used Adaptive Insights to manage the current budget, forecasting (both operationally and financially), and managing our Sales capacity. We work with the varying department heads on setting a forecast, then meet both monthly and quarterly to review their results against the forecast. Adaptive has allowed us to get timely insights, so that we can properly pro-actively act, rather than being reactive.,Adaptive is simple and easy to use with anyone that has any experience using Microsoft Excel. It is unintuitive, and the learning curve is relatively short. Version control is another key attribute. You can manage multiple versions, and lock them down when appropriate.,User interface could be updated. For those that are end users (department heads), they don't live in Excel all-day long and don't have that same love for how data is displayed. Some softwares are now using historical data to give you true insights...and to pro-actively reach out to you. For a great planning tool, there needs to be pro-active insights by the module.,10,It gave us greater insight into spend...and presented the right information for us to proactively act.,Adaptive Planning is great! Very easy to use!It is being used across the whole organization. It helps gets everyone on the same page and see where we can spend money in the future.,Does active planning really well Efficient Ease of use,Better integration with Excel Formula builder Comparing versions,10,More efficient Time savings,,NetSuite,15,7,Planning budgeting reporting,headcount planning,revenue planning,9,No,Price Product Features Product Usability Product Reputation Vendor Reputation,Evaluate more products,Don't know,data integration netsuite integration,8,No,7,No,Whenever I need to refresh the sandbox they jump on it and have been great. They have also helped with our integrations.,budgeting formulas filters,multi-dimensions cube sheet,No,8CareStar recommends Adaptive Insights for reporting and dashboardsWe use it for financial statements, budgeting, forecasting, and other operational reporting. We also use the dashboard for both financial and operational data. It is used by our executives and all our department directors. It has greatly streamlined our budgeting, forecasting, and financial reporting processes. Additionally, the dashboard provides a means to communicate KPIs in an efficient manner.,Financial Reporting - financial statements are done instantaneously once the books are closed. There is no processing required. Recipients of the reports can obtain everything they need self-service. There is no distribution process required. Budgeting/forecasting - We converted our Excel process (which used 30 linked workbooks, 20 sheets each, and 50+ formulas each sheet, for a total of 30,000 formulas) to Adaptive. Now that the model is set up, new forecasts can be set up in minutes, rather than hours/days. The whole model is driver-based and easy to manage. It is much more intuitive for our directors, too. All they need to supply are updated drivers to run a new budget or forecast. Dashboard - We now have a company-wide mechanism for communicating KPIs, and both financial and non-financial data. Data can be presented both visually or in numeric formats.,10,The Adaptive Planning portion of the suite is very mature and has few short-comings. The biggest improvement I can think of is the ability for formulas to cross versions. The Adaptive Discovery (dashboard) portion of the suite is much less mature. There are many chart types not available that are in Excel. For example, I would like to have an X-Y scatter chart to use. Also, some of the dial (chart) types have very little formatting options (like pie charts). While the object of the web-based product is to eliminate paper printing, there are times when it is necessary to print financial statements. It would be nice to print directly to pdf with the ability to format the reports.,Cycle time for processing financial statements, budgets, and forecasts are greatly reduced. Visibility of company metrics and drivers has been increased across the company. The ease and ability to quickly create multiple forecasts using different scenarios is now available.,There has been a much greater focus on what drives the company profitability, and what it takes to improve those drivers. By focusing on those drivers, our executives and directors can take action that directly affect the bottom line, as opposed to simply "trying to cut costs" in a general sense.With Adaptive, we report on these same drivers that, not only make them more visible, but greater effort is made to improve their accuracy and to understand how they impact the business.All of this leads to more meaningful financial statements, reports, dashboards, and budgets. With Adaptive's distribution, this information can be disseminated very quickly.,9,The first-year setup will take a great deal of time, as you would expect. But once the model and dashboards are setup, it takes a great deal less time to maintain them. I found the second cycle to be much more focused on tweaking the model, and understating how the business operates, and how it can be better represented in the model. After that, it becomes an exercise of discovering what data is available in the company, and how it can be presented in a meaningful way.To summarize, it does allow for greater time to do analysis, but don't expect that the first year.,,Yes,Product Usability Product Reputation Third-party Reviews,We have been using it about two years now and everything is working as expected, and we are very happy with it. I would give it my highest recommendation. Given our success with the product, I have no regrets as to how we did the evaluation and selection process, and would not change anything. So much product and customer satisfaction information is available online now (such as this site), that it greatly streamlines the process. The "sales pitch" does not supply objective information, as they all say they have the best product. If I were in the market for another kind of product, I would do the search in the same way.
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Adaptive Insights, a Workday company
219 Ratings
Score 8.5 out of 101
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Adaptive Insights, a Workday company Reviews

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Adaptive Insights, a Workday company
219 Ratings
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Score 8.5 out of 101

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Brad MacDonald profile photo
May 28, 2019

Outsanding Solution!

Score 10 out of 10
Vetted Review
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Adaptive is much more flexible and powerful for our needs. It provides a wealth of reporting tools and capabilities that Cognos simply didn't or couldn't provide. The ability to have a team of one completely implement and manage the solution for a company is not unreasonable (as I'm currently doing this). Based on my previous experience, that would probably not be the case with other solutions.
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Timothy Bradshaw profile photo
April 29, 2019

Great software, great pros, and not significant cons

Score 9 out of 10
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Adaptive Insights is better than their competitors because they have better "best practices" implemented, the product has a great interface, it has structure so your model doesn't get too messy, and it works well. It also has great scenario planning, Excel reporting functions, and allows for multiple users to be in the system.
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Ben Balch profile photo
April 19, 2019

Adaptive Insights -- a great solution for planning

Score 10 out of 10
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When we were evaluating the software solutions we wanted:
1) A product that would efficiently consolidate our annual budget.
2) Something that would be easily adopted by the entire company.
3) Had built-in audit trails.
4) Had robust reporting capabilities.
5) Had the ability to easily create different scenarios.

Adaptive Insights addressed all of our needs
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Alex Humble profile photo
April 18, 2019

Adapt to the Future: How Adaptive can Save you Time and Money

Score 9 out of 10
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I am not as well informed on the competition to Adaptive; however, many financial experts that I have talked to within the industry rave about the software. A few team members of mine recently left to work for different companies and have complained to us that the software at their new positions is miles behind Adaptive. The ease of the use and capability Adaptive possesses really distinguishes it from the competition.
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June 20, 2019

Adaptive Insights Drives Finance Team Efficiency!

Score 8 out of 10
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Adaptive Insights is well-positioned against the new tier of SaaS players as well as the larger, legacy, on-premise financial planning solutions such as Hyperion and IBM Cognos TM1. Its got an approachable user interface and relatively easy to use models and forecast capabilities. The product continues to get better, especially after Workday acquired the company. Overall, I would say the user interface is more approachable than Host Analytics while the modeling aspect is more intuitive than Anaplan.
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May 10, 2019

Best of breed application that is relatively easy to get up and going + maintain

Score 10 out of 10
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Adaptive stood out because it seemed on the easier end to implement and has a wide customer base (so it is easier to hire people who have used the system before). The total cost of ownership was competitive and scales with the number of seats.
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Mark McConkie profile photo
November 09, 2018

Adaptive Rocks at Workfront!

Score 9 out of 10
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I like how easy Essbase is to pull reports - but I think that OfficeConnect fills that gap. When looking at Hyperion vs Adaptive, I think that Adaptive's input is much easier to navigate. I like Adaptive much more. Because input is so much easier, it helps me be in the system more frequently and rely on it more heavily.
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Brian Kyslinger profile photo
October 22, 2018

Adaptive Insights

Score 10 out of 10
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Adaptive provided the best solution for the price given how we wanted to deploy the solution. For our size business they appear to the be best in class solution.

Host Analytics appeared to provide the same functionality, but was for a more distributed budgeting and forecasting environment than we use now or for the foreseeable future.

Hyperion was far to expensive to for us to prove out an ROI.
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Gary Grzesiak profile photo
September 27, 2018

Adaptive is very insightful!

Score 9 out of 10
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Adaptive blows away Hyperion from an ease of use, functionality and performance standpoint. The reason we selected Adaptive initially was the flexibility of the tool (sheets), going from manual forecasts to a web based tool and being able to build assumptions into our budget and forecasting processes. Also, the cost of Adaptive licenses provided significant savings when compared to the annual fees that we paid Oracle for use and support of their system.
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Denise Lewis profile photo
September 25, 2018

BEST CPM software out there!!

Score 10 out of 10
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For us, it came down to Adaptive Insights and Host Analytics. The benefits seemed very comparable. We ultimately decided on Adaptive Insights because it cost less to implement and the time to implement was less compared to Host Analytics. We are VERY happy with our decision to go with Adaptive Insights.
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Steve Paul, CPA profile photo
September 20, 2018

The efficiency of Adaptive

Score 9 out of 10
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We evaluated Oracle, Host Analytics, and Tagetik. Adaptive had a local team based in Chicago and seemed to fit our sweet spot in terms of the size of their company and the size of our company. The sales team pitched the product very well.
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Manuel Lora Fernández profile photo
October 10, 2018

Forecasting made easy

Score 9 out of 10
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Our previous tool for Forecasting and Budgeting was Microsoft Excel and for sure Adaptive stacks up when we compare both ways. Just to mention the data traceability, configurability and time saving that Adaptive Insights has brought to our department.
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November 14, 2018

Adaptive Insights to the rescue

Score 10 out of 10
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My previous experience was with Hyperion Essbase , a number of years ago. Comparing the products at the time I used them, I would probably rate Essbase slightly higher in terms or how powerful it was. Having said that, the upfront cost was likely tenfold for Essbase. Even if the prices were closer, I would have to say that there is very little that Essbase could do that Adaptive cannot.
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October 17, 2018

Adaptive Insights Review

Score 9 out of 10
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I haven't evaluated any other tools at this point as Adaptive was already in place at my company when I started this job.
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November 13, 2018

Management Reports & Consolidation

Score 7 out of 10
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NetSuite and Adaptive go well together because it automatically pulls the data into Adaptive. You can then manipulate the data once it's in NetSuite. Management reports and Dashboards are automatically updated based on the new data that is pulled in. This saves alot of time from manually pulling data from the ERP into Excel.
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Jack Kersjes profile photo
May 11, 2018

CareStar recommends Adaptive Insights for reporting and dashboards

Score 10 out of 10
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We did not go through a full-blown software selection process, nor have I used other products in the past. Previous to Adaptive, we used Management Reporter (formerly FRx, now part of Microsoft Dynamics GP) for our financial statements, and Excel for our budgeting. Adaptive is far superior to either of those.

We pursued Adaptive mainly through word of mouth. When discussing the availability of products with other accounting professionals, it was clear Adaptive was becoming the industry leader for our company size. We had a demo of the product presented by them. Since we liked it so much, we decided to go with them even though we had not reviewed other products.

Read Jack Kersjes's full review

Feature Scorecard Summary

Pixel Perfect reports (1)
9
Customizable dashboards (1)
10
Report Formatting Templates (1)
9
Drill-down analysis (1)
9
Formatting capabilities (1)
7
Integration with R or other statistical packages (1)
8
Report sharing and collaboration (1)
8
Publish to PDF (1)
8
Report Versioning (1)
8
Report Delivery Scheduling (1)
8
Pre-built visualization formats (heatmaps, scatter plots etc.) (1)
7
Location Analytics / Geographic Visualization (1)
8
Predictive Analytics (1)
8
Multi-User Support (named login) (1)
9
Role-Based Security Model (1)
9
Multiple Access Permission Levels (Create, Read, Delete) (1)
9
Responsive Design for Web Access (1)
8
Dedicated iOS Application (1)
8
Dedicated Android Application (1)
8
Dashboard / Report / Visualization Interactivity on Mobile (1)
10
Long-term financial planning (116)
8.4
Financial budgeting (124)
8.7
Forecasting (120)
8.9
Scenario modeling (115)
7.0
Management reporting (123)
8.3
Financial data consolidation (71)
8.0
Journal entries and reports (43)
5.8
Multi-currency management (51)
7.3
Intercompany Eliminations (37)
7.6
Minority Ownership (17)
7.1
Local and consolidated reporting (61)
8.1
Detailed Audit Trails (78)
8.5
Financial Statement Reporting (100)
8.9
Management Reporting (111)
8.4
Excel-based Reporting (111)
7.2
Automated board and financial reporting (98)
7.6
XBRL support for regulatory filing (12)
6.6
Personalized dashboards (75)
7.4
Color-coded scorecards (62)
6.4
KPIs (72)
7.3
Cost and profitability analysis (78)
8.2
Key Performance Indicator setting (64)
8.0
Benchmarking with external data (45)
6.0
Flat file integration (80)
8.0
Excel data integration (102)
8.2
Direct links to 3rd-party data sources (75)
8.2

About Adaptive Insights, a Workday company

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

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

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

Adaptive Insights, a Workday company Features

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

Adaptive Insights, a Workday company Screenshots

Adaptive Insights, a Workday company Video

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

Adaptive Insights, a Workday company Integrations

Adaptive Insights, a Workday company Competitors

Pricing

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

Adaptive Insights, a Workday company Customer Size Distribution

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

Adaptive Insights, a Workday company Support Options

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

Adaptive Insights, a Workday company Technical Details

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