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.,10Time 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 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,8Adaptive Insights ReviewWe use Adaptive Suite not just as a planning tool, but [we] also use its very robust reporting platform, OfficeConnect.,Planning Reporting Ease of use Modelling,Implementation of Adaptive Connector took more time than expected,8,Reporting timelines have reduced through the automated load and reporting process,SAP Business Warehouse, SAP NetWeaver BPM,9,1,Annual Budget Internal Reporting,Capital reports Prepaid amortizations,Cash Flow reports,8Drive Better Enterprise Performance Management with Adaptive InsightsEnterprise Performance Management We use Adaptive to drive planning, budgeting, forecasting and financial reporting for ABM Systems. We also use it to enable our clients to drive better corporate performance. Our clients range from SME to large enterprise.across commerce, industry and government. Adaptive helps us develop better business plans integrating with our ERP, CRM and other systems from revenue and cost of sales forecasting to remuneration plans and expense budgeting. Adaptive allows us to build plans collaboratively, consolidating plans and actuals in real time, and to generate better quality reports, more efficiently.,Adaptive is methodology agnostic. As strategic imperatives change from growth to operational efficiency users can change their planning approach from driver based, top down planning to bottom up, zero based or just build on prior periods with rolling forecasts and more. Adaptive is collaborative and enterprise class. Enterprises can engage all users to work together in real time to build more effective plans where ones outputs are drivers to others. Yet all have visibility over where the numbers originate with drill through and drill to transaction for explaining when plans are not achieved. And all can see who changed what, when with an audit trail. Adaptive reporting is fabulous.The quality of Adaptive reports is fantastic. Adaptive Reporting empowers users to streamline board quality report pack production and other reporting needs. Users can self serve for reporting. Users can annotate reports. Reporting integrates with MS Office, PDF and other applications.,Adaptive Discovery dashboards are nice but they are not a Business Intelligence solution.The dashboards provide users with very attractive dashboards and charts but they only enable cube based hierarchical drill. They do not enable robust, sophisticated, multi-dimensional analytics the way modern BI tools do. Budget Adjustments - Adaptive Consolidation provides great functionality for entering journals. It would be nice to have this sort of capability available for processing budget adjustments especially for the public sector. Email Alerts - Whilst some email alerts are enabled it would be nice if more types were added like out of tolerance alerts,9,IBM Cognos TM1,Oracle Hyperion Enterprise Performance Management,SAP BPM,BOARD,arcplan,Anaplan,Host Analytics Cloud EPM Suite,Infor EPM,SAS Financial Intelligence,Oracle BPM Suite,Calumo,Corporate Planning,Host Analytics,Longview,Business Objects SRC,Bitam,Microsoft Excel,15,8,Implemented in-house Professional services company,Yes,Change management was a small part of the implementation and was well-handled,The only real challenge we have experienced has been when a third party services firm has been involved in the implementation and there intent is really to over complicate the implementation and to maximise their own fee opportunities.,9,No,9,Yes,Adaptive Insights has provided outstanding support to ABM Systems and to our many Adaptive Insights clients for over six years. Examples of these range from method assistance requests, through to unexpected outcome investigation and formulae rectification, to model and sheet structure enhancement suggestions to better optimise solution response times when data volumes are exceedingly high. Adaptive Insights has also been very receptive to our clients and our own product enhancement suggestions, incorporating many improvements that all users now benefit from.,9,9Adaptive Insights user reviewSolomonEdwards Enterprise Performance Management consulting solutions help clients select and implement cloud based finance solutions that are economical, easy to use and rapidly deployable. Adaptive Insights is used by over 20 clients across multiple industries and sizes. The primary business problem addressed is to allow collaboration of many departments in the budgeting process.,Great User Interface .....Easy for non-accounting people to use. Reporting - The reporting is primarily drag and drop with various attributes to allow for multiple views of data with the same template. Analysis - The addition of Adaptive Discovery add to the abiliity to analyze financial and operational data. Integration - Adaptive Planning integration includes GL balances, transaction detail and non GL sources such as Salesforce and Payroll data,The consolidation module works well but will need to handle more complexity at the enterprise level. The process and workflow modules continue to develop. The integration modules continue to add more operations source data.,10,Adaptive Insights has saved time in the planning process in excess of 100% freeing time up to address other business critical issues. The accuracy of planning data is vastly improved. One version of the truth...not multiple spreadsheets with different versions of data.,IBM Cognos,Host Analytics,Oracle Hyperion Enterprise Performance Management,10,Professional services company,10,10,10Adaptive InsightsWe were tasked to automate our budget and planning process. A cross functional group decided on Adaptive and we use it for our budget forecasting and reporting throughout our company. Adaptive has exceeded our expectations and continues to meet our requirements.,Ease of implementation Ease of use Easily maintained Cutting edge Improves accuracy and timeliness of the planning process,We are happy with our selection,10,We achieved our planned ROI Continues to add value to our organization We continue to improve our use of the software features,SAP,ADP eTime,55,5,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,10,No,Price Product Features Product Usability Analyst Reports,No we would still choose Adaptive and would not change anything. We did our due diligence reviewing various third party providers along with in house solutions and improving our existing budget and planning process. When the dust settled we decided on Adaptive and are very satisfied with our decision.,Professional services company,No,Change management was minimal,System response Unfamiliar with manufacturing Our business requirements,9,Self-taught,This depends on the level of talent in the finance organization. We are a small group of experienced analysts with higher than average computer skills, so this approach was really effective for us. Adaptive is very intuitive and easy to learn and implement. Recommending this requires knowledge of the staff and implementation group.,10,No - we have not done any customization to the interface,Yes - we have added extensive custom code,Yes,9,Yes,When we were implementing we experienced slow system response and Adaptive got the engineers involved and resolved our issues at their expense. Their commitment during our implementation exceeded our expectations. They didn't sell us prior to our purchase, they sold us during the implementation and many times afterwards when we looked to improve our model.,Reporting Sheet design Workflow,Until you learn it formulas can a little difficult,Yes,10,10,10,9,File import/export,10,10,10,Yes,No,NoGreat forecasting & budgeting toolWe were one of the early adopters of Adaptive and have used this for budgeting, forecasting, "what-if" scenarios, business changes, etc. It has been a staple of the business and improved our budgeting and forecasting. It has allowed us to review our business model and test out the possible impacts of changes to our organization or business model. As an organization we are very positive regarding Adaptive and have demonstrated it to a number of companies that added this to their organizations.,Budgeting because of it's flexibility Forecasting in different areas of the business because it allows input from our operating personnel "What if" scenarios that allow us to look at the impact of making changes within the organization,It imports the data to Excel but it would be nice if it was a bit more flexible in converting it's formulas to Excel formulas,10,10,It is used throughout the company in different divisions and at our corporate level. When used in a division recently the personnel from different departments directly inputted data and monitored their budget against actual. It is very user friendly and flexible.,9,10,40,2,Reporting,Forecasting Budgeting Future business decisions,No,Product Features Product Usability,We probably would not change much. We evaluated 5 different products and Adaptive was the best fit.,Setting up the model Data input Making changes to the model and fitting to organization,The worst is setting up the personnel function for allocations,10,10Working with Adaptive Insights is a breezeAdaptive Insights is being used by my company as a budgeting tool to consolidate budgets from 100+ BUs that was not possible within Excel. It is being used by the whole company.,Consolidate departmental budgets in a matter of seconds. Maintain version control. Control user access to different BUs and budgeting sheets.,My biggest pet peeve is that formula setup is a challenge. It would be ideal if formulas can be uploaded to the system rather than manually set up for all 100s accounts.,7,Increased efficiency in consolidating budgets, version controls, and user controls,,9,9,9,10Adaptive Insights Works!I've recommended and implemented Adaptive Insights for over 20 clients since 2006 to address their need of a comprehensive performance management solution or are upgrading from Excel to address planning, consolidation and reporting needs. Adaptive's solution flexibility, comprehensiveness and commitment to service excellence are just a few of the reasons I'm very happy with the product.,Flexibility - can address many different types of business problems. Haven't found a business model that can't be replicated or improved using Adaptive. Comprehensiveness - includes off the shelf functionality to handle varying requirements but also has integrated solutions for BI, consolidations, reporting and data integration as well. Support - Very helpful service including orientation, training and technical support. Cost - Lower operating cost than most Enterprise class applications with lower cost of ownership.,Creating metadata (accounts, departments) framework for the CPM could be made easier with an up-to-date UI/UX. List structures to address very large data sets as shown in a modeled sheet could be enhanced. More flexibility to display varying time periods on screen as well as multiple versions on the same screen.,10,Oracle Hyperion Enterprise Performance Management,IBM Cognos,SAP BPM,Tidemark,Host Analytics,10,Increased ROI due to greater employee efficiency and lower cost of ownership,2,Professional services company,Change management was a major issue with the implementation,10,9,8A Great Budgeting Software for those on a BudgetOur company uses the Adaptive Planning module. Although some of our sales managers and human resources are occasional users, it is mainly used by our Financial Planning and Analysis department. Our financials are in SAP and our company does not have an adequate reporting tool to get useful information from SAP. We use Adaptive to download and populate our profit and cost center structure into Adaptive Planning. We also build our annual budget and forecasts using Adaptive Planning. Perhaps the most used function is the reporting, where we compare actual performance to budget across hundreds of cost centers each month. Using the product we are able to streamline our reporting process and do the work of an army of analysts with just two people.,Adaptive Planning is very good at letting you create reports on the fly. We constantly create, modify and run reports to help analyze and find solutions. Although it took a while to setup, the Adaptive Connector makes it super easy to load all of the detailed financial information from SAP into our reporting system. Managing multiple versions of our budget and forecasts is quite easy with Adaptive Planning.,We have had some customer service issues in the past but have worked through them with the Adaptive team. The compatibility with javascript has been an issue in the past and has caused some lost productivity, but I think this issue has been resolved with the latest release.,9,,9,Adaptive has reduced the time spent generating reports each month by several days. After automating with the Adaptive connector and after creating VBA programs to automate the formatting of the reports (our executives still prefer paper copies), I was able increase monthly productivity by several days. We were able to do with two people what we used to do with three.,Change management was a major issue with the implementationGo beyond budgets with Adaptive InsightsWe use Adaptive Insights to facilitate our rolling driver based plan. By integrating data we have eliminated the budget and moved to a more lean update that is less time consuming. We can tweak the assumptions and see the impact to cash right in the meeting. No more "hold on, let me go back to my desk to reprocess the Excel book".,Customer Support is the best I've experienced in the years I've been working with CPM software Usability : It's very easy to get going with Adaptive Insights. They clearly put this at the top of their priorities. Innovation : Providing the cloud based service lets us outsource the parts that are most difficult to handle - this leaves us with the bread and butter we want,Data integration - we'd like a self service method to hook up AI to our on premise and cloud based sources. Reporting - I wouldn't describe reporting as weak - moreover, my expectations are high. Structure Management - in some use cases it would be useful to lock down a version including the structure i.e. levels/attributes/dimensions,10,,10,Increased employee efficiency - 3 FTE Better service delivery,1,Professional services company,Yes,Change management was minimal,Developing the complex workforce model,9,Creating formulas Loading data Writing reports,Yes, but I don't use it,10,10CEOBusiness Solution Partners is an Adaptive Suite implementation partner. We assist companies select and implement Adaptive Suite in their businesses. The Adaptive Suite is an incredibly great tool to work with as an implementer. It's cloud model allows us to connect and work from anywhere and the functionality of the application is very deep. Keep up the great work Adaptive.,Planning & forecasting Dashboarding Connectivity with Microsoft Office products (Excel, Power Point and Word).,Connectivity to ERP's,10,BI360,10,All Companies, all departments, all locations.,10,10Adaptive will change the way we handle the budgeting process as well as increase efficiency.We are just implementing Adaptive Planning and Discovery and have recently seen a demo of the OfficeConnect product. I truly believe the OfficeConnect product will transform the way we do financial statements as well as the year end audit. To have have ability to refresh reports by pointing and clicking will definitely increase the efficiency and productivity of all our processes.,Adaptive gives us the ability to view information at several levels that we can not easily do in our ERP system. The workflow process will enable to see where users are at in the budgeting process. In the past, we used excel spreadsheets which was inefficient and allowed for things to be missed.,Ability to filter and search on sheets Ability to adjust column widths in sheets to make more readable. Suppress columns with 0 value.,9,,8,We have found that it easier to drill down in Adaptive versus our ERP system (Banner),4,Yes,Price Product Features Product Usability Product Reputation Vendor Reputation Analyst Reports,At this point I don't think I would change the process, we are too new to the product.,Vendor implemented,No,Change management was a small part of the implementation and was well-handled,Determining how will we do things in Adaptive, that were not previously done.,7,9,10,8A big fanAdaptive Insights is being used as a planning and reporting tool throughout the company. All budget holders have access to the system and can view and manage their budgets and forecasts. Monthly reporting is available for viewing and can also be pushed out as Excel reports. The software is key in providing a financial model from which we run our organization. Different what-if scenarios can and are created to show the potential impact of prospective decisions and events. We are always looking for additional funding and revenue sources and the data needed to support these tasks would be impossible to rely on without Adaptive.,Adaptive Insights provides a level of accuracy and dependability that Excel models cannot approach. The task of budgeting and reporting becomes an exercise in analysis rather then data validation. Models become less uncertain when the potential for simple formula errors is eliminated. Adaptive's use of sheets to drive data allows for greater flexibility than other packages I have used in the past. It allows you the ability to give detail to the numbers if needed or simply budget to a target if needed. The different spread options gives you the ability to quickly enter the data in a meaningful way. I have found that the support I receive from Adaptive is world class. I can access on-line training, best practices and am even able to order short-term consulting to handle custom requests. Having access to helpful, insightful resources is more than a "nice to have". Our custom connectors to Salesforce.com and Intacct make updating actuals and sales plans fast and seamless.,Adaptive had the issue of run time for quite a while. Loading pages could take several minutes and Java errors would come up every time there was an update. These have largely been taken care of but system speed will always be an improvement opportunity. Loading data for several departments from one master screen is something I have seen in other packages and can be a powerful way to update data. Even having ways to set ratios for each department so that one number, depreciation for instance, can be entered triggering allocations to several departments. This is more of a product enhancement of course but it would make data input even more efficient.,10,Our use of Adaptive could be expanded to bring greater ROI to Customer Service, Sales (especially with a better integration with Salesforce) and even Engineering but our own resources haven't allowed for this. I think that running your pipeline through Adaptive to model the true financial impact of prospective deals would be a great help in both your cash planning and in mapping your potential incentives to the Sales team. Adaptive has allowed us to produce our Board packages with no additional outside resources. We anticipate this being even more streamlined once we can integrate Adaptive Connect to update our presentation automatically. By providing an accurate and forward looking cash flow report, we can better manage our investments to maximize our return without the risk of short-term cash shortages.,Blackbaud CRM,Oracle Hyperion Enterprise Performance Management,9,1,10Adaptive Insights saves time, money and gives you an incredible view of your companyAdaptive Insights has been implemented for all three of our business lines as well as our corporate division for annual budgeting and forecasting. We also use it for some monthly reporting. The main goal of the implementation was to solve our budgeting woes, which it did immediately, but we're also finding many other uses for it that we didn't plan on.,The scalability of the product was key. We started with only one division and when we decided to roll out to the entire company there were no issues with capacity. Being cloud-based was also important. We utilize the product with ZERO I/T involvement. Single view of the entire company. With previous solutions it was always a difficult process to "roll up" the budget to see the big picture. Adaptive Insights instantly gives you the high level and bottom line.,Their reporting module is great, but I think it could be improved upon. Their OfficeConnect product is a huge step forward in that direction. The Discovery product also needs some attention. At first glance it's a great tool, but when I started diving into it I realized it has quite a few limitations. I think it has enormous potential. I would like to see some more structure around the creation and maintenance of the accounts structures. It's almost too easy to create accounts with little to no organization. Implementation of a strict naming scheme is left up to the end user.,10,Adaptive has definitely cut the length of our budget process/season. What used to take us 5-6 months is now down to 3 and during that time the process is much simpler and less frustrating. Financially the product is far more affordable than many other solutions. We saved thousands a year by ditching our old solution and implementing Adaptive. No I/T involvement is also important to note. This allows us to get started, make changes, generate reports, create new metrics when the business needs them, not when I/T can get around to it.,,,2,10Adaptive Insights makes my life easierAdaptive Insights is used by several departments within our organization and more are coming online this year. Each budget manager creates and manages his/her own budget. Adaptive Insights provides a single source to track and rollup expenses by line of business, category and/or project. Adaptive Insights is flexible and allows us to do multiple type reports.,The ability to create multiple reports with filters and customization is crucial to our business. The abundance of training materials for basic and advance users is great. These materials have saved me from creating and distributing my own. The easy to use Web interface is great. I and budget managers can access the site from anywhere. Plus it is so easy for the budget managers to understand/use, I don’t have to worry if the information is correct or not.,Change the save button to a different symbol. Some of our younger budget managers have never used a disk so they don't recognize the symbol.,10,,10,The use of Adaptive Insights gave us the ability create and analysis planning and forecasting The use of Adaptive Insights provided budget managers a faster and easier way for planning and forecasting The use of Adaptive Insights gave us and our budget managers the ability to drill down on actual expenses,10Adaptive Insights: Look no furtherEngine Yard utilizes Adaptive Insights as the forecast / budgeting tool as well as the operational reporting tool across the entire organization. We have effectively used the application as our main source for not only financial data, but also for operational statistics and KPI's. Through interactive dashboards and reports, users can drill down to key information and make informed decisions that help drive the business.,Planning Reporting with drill down capabilities Data visualization,Refined ability to selectively filter out dimensions in large data sets Continued improvement on existing visualization options,10,Faster budgeting cycle One source for data has reduced costs and improved operational efficiencies Allows the company to remain proactive as opposed to reactive to business situations,Oracle Hyperion Enterprise Performance Management,10,Implemented in-houseAdaptive: A diamond in the roughIn my organization Adaptive Insights is being used for building various reports and as a method of providing easier access to detailed reports. Adaptive is currently being used across the whole organization by multiple managers. One great benefit of Adaptive is that it provides different levels of access. A marketing department manager cannot see the reports of a manager in the R & D department. Access levels can also be broken down into various criteria.,Perform accurate calculations Roll out amounts to GL codes without issue Provides an easier way to manage user access Allows users to create test areas to run different scenarios before implementation,Not a lot of tutorial videos on how to perform actions. Digging and sorting through manuals can be time consuming.,9,A positive impact Adaptive Insights has had is in the budgeting process. It has made costs more manageable. No negative impacts,10,8Adaptive knocks it out of the park!Our Finance Team and all Department Directors use Adaptive Insights for planning, reporting, and analysis of financial data. We create our annual budget in Adaptive each year and then perform quarterly forecasts. We also make all financial reporting available through Adaptive and require department directors to respond about variances on those reports. Adaptive allows department directors more direct access to their financial data, both budget data and actuals, requiring far less information from Finance in the way of questions throughout the year. Adaptive also saves an incredible amount of time for the Finance Team during the budgeting and forecasting processes. The online access allows all of us to access it from anywhere, at any time.,Adaptive has reached a critical balance of being simple for end users to learn quickly how to navigate, as well as being robust on the back-end to allow for sophisticated modeling. Adaptive is able to handle very detailed budgeting by project, event, grant, etc, which is very helpful for many non-profit organizations. Their "cube sheets" make it very simple to quickly "zoom out" and see a full department's activity, or zoom all of the way in and see the activity for a particular department-grant-project combination. Adaptive is consistently reaching for more effective functionality in the software, reaching out to customers for their feedback and actively implementing those requests, as well as developing new functionality that adds to the existing capability. They really listen to their customers and they make great decisions on how to improve the software.,We had some issues with Java when we first started using Adaptive. Our IT team had chosen to not allow end users to have administrator access to their computers, so the users weren't able to update Java without IT's help. There was a period of time where Java was making many updates in a short period (outside of Adaptive's control), which made it frustrating for our users and IT team to handle the volume of requests for updates. The great news is that Adaptive is writing Java out of their software, so this should be a non-issue very soon (and already we've seen improvements because many of the regularly-accessed screens have been freed of Java). While I am an advocate of using their "cube sheets" for planning at granular levels like projects, events, or grants, there are some features that are not available in cube sheets. I would appreciate more attention being put towards building out more robust features with the cube sheet functionality.,10,The main benefit for YBCA so far has been to reduce the amount of time the finance staff (and department directors) spend on the budgeting and forecasting process, and to reduce the number of errors (which were so easy to make in Excel!). Getting our Department Directors more direct access to their financial information has allowed them to use more up-to-date financial information when making decisions. Having the department directors do quarterly forecasts in Adaptive has eliminated "surprises" that may have come at year-end and have shown them more clearly the need for mid-year course corrections. In general, Department Directors feel that they are receiving better customer service from the Finance Team because they don't have to bother us with requests for their financial data any more.,Excel,10Makes my job easier and more enjoyableWe are using Adaptive Insights to facilitate our budgeting and forecasting efforts. We are also utilizing its reporting features to generate drillable reports for more efficient and in-depth analysis. Our model is currently only being used by our Finance & Accounting team, however our goal is to get more departments involved and using the product. Adaptive Insights is allowing us to move our projection modeling off of a cumbersome and time-consuming Excel-based platform, and into Adaptive's more robust and secure cloud solution. It is also helping the Finance team bridge the data gap between our ERP and our in-house Loan servicing database.,Reporting - Great reporting tool with lots of options to build and customize as you need Version Control - Create as many versions of the budget or forecast as needed, and lock it down to prevent tampering after its finalized Data consolidation - Great tool to bring silo'ed data from you ERP and other IT or business systems,Dimensions - Adaptive needs improvement with Dimensions - While the functionality is there to used dimensional data, their use is limited and the performance hits can be big with larger dimensions. PDF functionality - While the reporting tool allows for PDF exporting, this needs some work. The results are not very useful and there is no ability to edit the export. Predictive Analytics - I think Adaptive is slowly building on this, but currently the ability to do predictive analytics is crude and cumbersome.,9,hyperion,9,Increased Efficiencies in Reporting and Forecasting More Collaboration between stakeholders Quicker and more meaningful Reports No dependance on IT resourcesIn an uncertain economy, the only constancy is change - it's easy to keep up and adapt with Adaptive Insights!!It is currently being used by five diversified departments and one infrastructure area, with our IT Finance group in current implementation. It allows us to complete our financial plans in a fraction of the time previously, with much more accuracy. It allows us a level of analysis of current operations that is unmatched with any tool I've used previously. We get our monthly financial analysis reports out in minutes instead of days and the reports are totally customizable.,Adaptive allows us to get our monthly financial reports in the hands of our users very quickly, accurately and reliably. The ability to rapidly generate these standard reports, as well as ad-hoc analysis with speed and accuracy is a huge strength upon which we rely. Our rolling forecasts are driver based, and often allow us to come within 3-5% of actuals on a consistent basis, allowing better decision making and improving our ability to react to situations more quickly.,I would love to see the ability to format and customize the look and feel of the sheets, as that is where many of our users spend the majority of their time looking at data. Also, the ability to combine graphical reports with our sheets would allow more rapid acceptance of the system as a one stop shop for financial and operational insights into information. Hopefully office Connect will provide some of that, but to be able to access the sheets in Planning more like sheets in Excel would be nice. Adaptive Insights stays way ahead of the curve. If there is a nagging part of the software that needs changing or improving, they are usually catching it, or responding to user requests so quickly, that improvement is not only happening, it happens every day.,10,Adaptive Insights has cut our planning cycle by about 75%. Since we have adopted the rolling forecast concept in Adaptive, our plans almost generate themselves. The operational drivers become an integral part of the data we gather, as they drive future financials and provide a road map as to where we are heading. We can respond to financial questions from our customers more quickly because our financial data is at our finger tips at a moments notice. We are better able to see the relationships of our data when we can look across multiple periods and multiple levels and dimensions on the fly. Since we now have one system where we bring in both operational and financial data, we can see relationships that were previously less obvious. We, as finance analysts, are more efficient, as we can respond much quicker, with greater accuracy, because now there is ONE source of the truth, in ONE location.,,10Being Adaptive with Adaptive!Adaptive Insights is a blessing. With 100+ locations I am able to budget 100+ separate P&Ls and Balance Sheets at once pretty easily. Adaptive gives an ability to apply assumptions at the corporate level down to a segment, location or even department. It is very flexible, and can be easily adopted to any business model and updated to answer the changing needs of the company. Adaptive Insights is perfect for Personnel/Salaries Budgeting.,Salary/Personnel Budgeting - Adaptive gave us the ability to budget at the level of detail we had to have at any particular time. We've started using growth rates over the prior year, and as our model evolved we were able to update the model and budget "by person" - accounting for different % of raises, 401K match contributions, etc. Adaptive Planning is also a perfect tool for stress-testing the assumptions, creating several "what-if" scenarios and easily adjusting assumptions at ANY level. Adaptive Insights customer service is Amazing! One less thing for our IT department to worry about. This company is always On Top of Things! Every time I think of something that would be nice to have for next budgeting cycle - they already have it in plans and rolling it out with the next release.,Adaptive Insights is really good about making improvements. I would recommend sending an e-mail with the summary of those improvements -or maybe even have a monthly newsletter with "Tips and Tricks". We can always attend a webinar or search for files online - but it's not always convenient - reading a quick e-mail would be.,10,Adaptive helped us significantly decrease budgeting prep time, and made our budgeting process more streamlined and accurate (which is extremely important with roll up of 100+ P&Ls),,10Adaptive Planning Review from NorthStar FinancialEasily 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.,10,10,25,1,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,10,Online training Self-taught,10,Training can be done with a minimal time commitment. Utilizing the Webex sessions along with training manuals is a good approach.,Some configuration of the account groupings/display, but very easy to do.,No,9,9,10,9,,We have a 3 year term.Early Adaptive user reviewWe are using Adaptive to plan our 10 year forecast. Our accounting and finance department is only three people, and I manage the entire workflow. Currently, no one outside of finance and accounting uses the product. It is a step up from the old budget software we were using, and the Cloud features are really extraordinary.,Quick response to troubleshooting issues which is extremely valuable to us as we self-implement the software. Very intuitive layout for planning purposes and the video tutorials are helpful. Reporting is also intuitive, and we can easily create and modify reports to our liking.,I would like to see pre-built formulas for planning inventory using FIFO.,9,We have to find out when the 2015 budget process begins later in the year to be able to answer this question.,Budget Maestro,9
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Adaptive Insights, a Workday company
218 Ratings
Score 8.6 out of 101
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Adaptive Insights, a Workday company
218 Ratings
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Score 8.6 out of 101
TrustRadius Top Rated for 2019
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Brad MacDonald profile photo
May 28, 2019

Adaptive Insights, a Workday company Review: "Outsanding Solution!"

Score 10 out of 10
Vetted Review
Verified User
Review Source

Likelihood to Renew

10
The tools is powerful for planning and reporting purposes, but also very easy to use for non-financial end-users. Team members have expressed how happy they are with the application and the ability we've given them to make their work lives more efficient.
Read Brad MacDonald's full review
Greg Clarke profile photo
April 27, 2016

Adaptive Insights, a Workday company Review: "Drive Better Enterprise Performance Management with Adaptive Insights"

Score 9 out of 10
Vetted Review
Reseller
Review Source

Likelihood to Renew

8
Intuitive and Easy to Maintain

The Adaptive Suite is a very reliable Corporate Performance Management Solution. The solution is very easy to.use and provides timely, quality reporting. We have used the solution continuously for six years and been very pleased with the ongoing enhancements.

Beyond our own positive experience we support many clients across commerce, industry and government. Nearly all our supported customers provide very positive feedback and continue to renew their subscriptions.
Read Greg Clarke's full review
Chris Snelling, CFA profile photo
June 03, 2015

Adaptive Insights, a Workday company Review: "A Great Budgeting Software for those on a Budget"

Score 9 out of 10
Vetted Review
Verified User
Review Source

Likelihood to Renew

9
Our company is upgrading our SAP system this year and exploring one of the SAP reporting modules, but I don't think it will affect our renewal of Adaptive, especially since I know they are going to roll out an Office integration tool later this year.
Read Chris Snelling, CFA's full review
Michael Bright profile photo
February 04, 2015

Adaptive Insights, a Workday company Review: "A big fan"

Score 10 out of 10
Vetted Review
Verified User
Review Source

Likelihood to Renew

10
At this point we have set up our reporting to integrate with Adaptive. We have spent some non-recurring money to set up and populate the system. Switching at this point would only be an option if we were unhappy with the decision. This might seem like I am side-stepping the issue but I think an important point is being made. Whatever system you decide to go with, changing later is costly and unproductive. We chose Adaptive and have absolutely no regrets. We are currently at a crossroads here at Teachscape and are looking at several different potential options. If we were still relying on a 20 to 40 sheet Excel workbook with thousands of links and formulas, I don't think I would be able to sleep at night. Adaptive gives me a greater level of comfort.
Read Michael Bright's full review
Kevin Bradshaw profile photo
February 04, 2015

Adaptive Insights, a Workday company Review: "Adaptive Insights saves time, money and gives you an incredible view of your company"

Score 10 out of 10
Vetted Review
Verified User
Review Source

Likelihood to Renew

10
We just recently renewed our contract and I wouldn't hesitate to renew again. First, Adaptive as a company has a great customer-first attitude and they're great to work with. Their customer service team is fantastic. Second, they are constantly trying to improve the product and make it better, but not losing sight of what we really need. Also, the longer you use the product the more it is filled with priceless data all in one spot with instant access to report on and dig into.
Read Kevin Bradshaw's full review
Andrew Khonje profile photo
March 19, 2015

Adaptive Insights, a Workday company Review: "Adaptive: A diamond in the rough"

Score 9 out of 10
Vetted Review
Verified User
Review Source

Likelihood to Renew

10
I enjoy using Adaptive and the benefits of Adaptive are becoming more and more visible. Adaptive, in a way, has brought the company under one umbrella, especially when it comes to uniting different departments under one strategy. There is more that Adaptive can do and we as a company are only scrapping the top. There are more areas in which Adaptive can be beneficial.
Read Andrew Khonje's full review
Claire SunSpiral profile photo
August 07, 2014

Adaptive Insights, a Workday company Review: "Adaptive knocks it out of the park!"

Score 10 out of 10
Vetted Review
Verified User
Review Source

Likelihood to Renew

10
Adaptive has demonstrated their commitment to creating, maintaining, and developing an outstanding product and they have demonstrated to me that they truly care what their customers need and want from the system. They want all users to be successful and this shows in the way they manage their clients and the way they develop the software. I will implement Adaptive at any future organization that I work with and I know several other Finance Directors who have done the same!
Read Claire SunSpiral's full review
Gustavo Velez velez1941@gmail.com profile photo
September 25, 2014

Adaptive Insights, a Workday company Review: "Makes my job easier and more enjoyable"

Score 9 out of 10
Vetted Review
Verified User
Review Source

Likelihood to Renew

9
Adaptive's support team is top-notch. They are very responsive, and they help keep the train moving when something comes up. Aside from what Ive already mentioned, I find this product to be very intuitive and fun to use.
Read Gustavo Velez velez1941@gmail.com's full review
Robert Scrimshaw profile photo
May 28, 2014

Adaptive Insights, a Workday company Review: "In an uncertain economy, the only constancy is change - it's easy to keep up and adapt with Adaptive Insights!!"

Score 10 out of 10
Vetted Review
Verified User
Review Source

Likelihood to Renew

10
There is nothing else out there that even comes close. I think of what the perfect solution is for planning, consolidations, reporting and analysis and Adaptive is already there. Nobody else is even in the same ball park. The support staff is the greatest. They respond very rapidly with the same level of concern that we as customers show.
Read Robert Scrimshaw's full review
Andrew Rosenberg profile photo
March 21, 2014

Adaptive Insights, a Workday company: "Adaptive Planning Review from NorthStar Financial"

Score 10 out of 10
Vetted Review
Verified User
Review Source

Likelihood to Renew

10
Compared to other products in the budgeting/planning software industry, Adaptive is the easiest to use with the most robust features, and as a SaaS and cloud-based offering, new features are added with each upgrade.
Read Andrew Rosenberg'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)
9.0
Scenario modeling (115)
7.1
Management reporting (123)
8.3
Financial data consolidation (71)
7.9
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)
8.2
Detailed Audit Trails (78)
8.5
Financial Statement Reporting (100)
8.9
Management Reporting (111)
8.4
Excel-based Reporting (111)
7.3
Automated board and financial reporting (98)
7.7
XBRL support for regulatory filing (12)
6.7
Personalized dashboards (75)
7.4
Color-coded scorecards (62)
6.4
KPIs (72)
7.4
Cost and profitability analysis (78)
8.1
Key Performance Indicator setting (64)
8.0
Benchmarking with external data (45)
6.1
Flat file integration (80)
8.0
Excel data integration (102)
8.3
Direct links to 3rd-party data sources (75)
8.3

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