Overview
What is Workday Adaptive Planning?
Workday Adaptive Planning(formerly Adaptive Insights) is a financial planning and reporting tool. It includes automated budgeting and forecasting, financial reporting, and other active planning capabilities, including integrations with third-party products like Salesforce.
Adaptive Planning, a key cog in a well run business
Solid and intuitive planning solution
Adaptive review from a national nonprofit
Effective in cost and use but not a panacea
Workday Adaptive Planning in conjunction with Intacct accounting
Workday Adaptive Planning – It’s Versatile!
Workday FINS and Adaptive simultaneous implementation, 3 years on
Excellent Planning and Analytics Tool.
Adaptive Rocks at Workfront!
CareStar recommends Adaptive Insights for reporting and dashboards
Workday Adaptive Planning unlocks financial management
Adaptive Insights - Effectively manage actual data and budget data
Best tool for FP&A, easy to use, helpful for budgeting and planning
Adaptive forecast creation !!!
How Workday Adaptive Planning Differs From Its Competitors
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We use the Reports module in Adaptive Planning every week, if not every day. It's helpful to quickly refresh reports and allows others at our company to run self-service reports. This has been invaluable since it frees up FP&A so we can perform more analysis.
The OfficeConnect for Excel Add-On has …
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- Variance analyses are now available at the click of a button and do not have to be …
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I no longer spend hours worrying about Excel version control or formulas …
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Adaptive has always been here since I joined almost three years ago.
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Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Financial budgeting (171)9.090%
- Forecasting (166)8.787%
- Long-term financial planning (160)8.585%
- Management reporting (171)8.383%
Reviewer Pros & Cons
Pricing
What is Workday Adaptive Planning?
Workday Adaptive Planning(formerly Adaptive Insights) is a financial planning and reporting tool. It includes automated budgeting and forecasting, financial reporting, and other active planning capabilities, including integrations with third-party products like Salesforce.
Entry-level set up fee?
- Setup fee optional
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Would you like us to let the vendor know that you want pricing?
57 people also want pricing
Alternatives Pricing
What is Kepion Planning?
Kepion is a cloud planning & analytics software company that connects all organizations' teams under a single view of their business performance. We enable more intelligent decisions to be made by companies about their financial and operational future. Kepion global offices and partners deliver…
What is PlanGuru?
PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 9Pixel Perfect reports(1) Ratings
Pixel Perfect reports are highly-formatted reports with graphics and ability to preview the report before printing.
- 10Customizable dashboards(1) Ratings
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
- 9Report Formatting Templates(1) Ratings
Ad-hoc Reporting
Ad-Hoc Reports are reports built by the user to meet highly specific requirements.
- 9Drill-down analysis(1) Ratings
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
- 7Formatting capabilities(1) Ratings
Ability to format output e.g. conditional formatting, lines, headers, footers.
- 8Integration with R or other statistical packages(1) Ratings
Integration with the open-source R predictive modeling environment.
- 8Report sharing and collaboration(1) Ratings
Report sharing and collaboration is the ability to easily share reports with others.
Report Output and Scheduling
Ability to schedule and manager report output.
- 8Publish to PDF(1) Ratings
- 8Report Versioning(1) Ratings
Report versioning is the assignment of version numbers to each version of a report to help in tracking.
- 8Report Delivery Scheduling(1) Ratings
Report Delivery Schedule is the ability to have reports delivered to a destination at a specific data and time.
Data Discovery and Visualization
Data Discovery and Visualization is the analysis of multiple data sources in a search for patterns and outliers and the ability to represent the data visually.
- 7Pre-built visualization formats (heatmaps, scatter plots etc.)(1) Ratings
Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.
- 8Location Analytics / Geographic Visualization(1) Ratings
Location analytics is the visualization of geographical or spatial data.
- 8Predictive Analytics(1) Ratings
Predictive Analytics is the ability to build forecasting models based on existing data sets.
Access Control and Security
Access control means being able to determine who has access to which data.
- 9Multi-User Support (named login)(1) Ratings
Named model access means that users have access based on name and password.
- 9Role-Based Security Model(1) Ratings
Role-based access means that access to data is determined by job or position in the corporation.
- 9Multiple Access Permission Levels (Create, Read, Delete)(1) Ratings
Multiple access permission levels means that different levels of users have different rights.
Mobile Capabilities
Support for mobile devices like smartphones and tablets.
- 8Responsive Design for Web Access(1) Ratings
Web design aimed at producing easy-to-read sites across a range of different devices.
- 8Mobile Application(1) Ratings
A dedicated app for iOS and/or Android.
- 10Dashboard / Report / Visualization Interactivity on Mobile(1) Ratings
In-app dashboard reports and data visualization.
Budgeting, Planning, and Forecasting
These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning
- 8.5Long-term financial planning(160) Ratings
3-5 year financial plan with cashflow.
- 9Financial budgeting(171) Ratings
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
- 8.7Forecasting(166) Ratings
Combining actuals and budgets, rolling forecasts, driver-based models.
- 8.9Scenario modeling(157) Ratings
Financial or operational modeling of alternate future states and planning for each.
- 8.3Management reporting(171) Ratings
Budget vs. actual or forecast, P&L’s, performance over time, between products etc.
Consolidation and Close
Consolidation of data from multiple entities with currency management, reporting and audit trails.
- 7.8Financial data consolidation(105) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 7.8Journal entries and reports(67) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 6.7Multi-currency management(80) Ratings
Ability to handle foreign currency conversions during consolidation.
- 7.6Intercompany Eliminations(59) Ratings
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
- 7.9Minority Ownership(35) Ratings
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
- 8.5Local and consolidated reporting(93) Ratings
Ability to report against individual business entities and the consolidated umbrella entity.
- 6.9Detailed Audit Trails(116) Ratings
Tracing changes to data and processes that were run.
Financial Reporting and Compliance
Financial statements and regulatory filings
- 8.6Financial Statement Reporting(143) Ratings
Creation and production of balance sheets, income statements, cash flows, other schedules
- 8.5Management Reporting(157) Ratings
Tools facilitating creation of internal ad hoc or standard reports.
- 8.1Excel-based Reporting(156) Ratings
Ad hoc or formatted reports using MS Excel.
- 8.6Automated board and financial reporting(135) Ratings
Tools to help automate creation of regulatory reports such as SEC filings and board books.
- 8.7XBRL support for regulatory filing(25) Ratings
Support for the XBRL standard reporting format for exchanging financial data.
Analytics and Reporting
Dashboards and scorecards for KPI monitoring and benchmarking
- 7.1Personalized dashboards(114) Ratings
Create custom dashboards and reports without the help of IT or administrators.
- 7.3Color-coded scorecards(94) Ratings
Track and analyze performances with interactive, color-coded balanced scorecards.
- 8.1KPIs(107) Ratings
Select from a library of more than 6,000 key performance indicators, and incorporate KPIs into your planning process.
- 7.6Cost and profitability analysis(111) Ratings
Cost and profitability analysis provides data for business decision making.
- 7.9Key Performance Indicator setting(95) Ratings
Ability to set key performance indicators for measuring progress towards goals.
- 8.3Benchmarking with external data(66) Ratings
CPI, daily exchange rates, industry KPIs. with scheduled data refreshes.
Integration
Ability to integrate with external applications.
- 8.8Flat file integration(118) Ratings
Integration of flat files like text documents and comma separated files
- 8.1Excel data integration(146) Ratings
Ability to integrate directly with Excel data.
- 8.1Direct links to 3rd-party data sources(112) Ratings
Integration with external applications like ERP, CRM, HCM
Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
What is Workday Adaptive Planning?
Workday Adaptive Planning Features
Budgeting, Planning, and Forecasting Features
- Supported: Long-term financial planning
- Supported: Financial budgeting
- Supported: Forecasting
- Supported: Scenario modeling
- Supported: Management reporting
Consolidation and Close Features
- Supported: Financial data consolidation
- Supported: Journal entries and reports
- Supported: Multi-currency management
- Supported: Intercompany Eliminations
- Supported: Minority Ownership
- Supported: Local and consolidated reporting
- Supported: Detailed Audit Trails
Financial Reporting and Compliance Features
- Supported: Financial Statement Reporting
- Supported: Management Reporting
- Supported: Excel-based Reporting
- Supported: Automated board and financial reporting
- Supported: XBRL support for regulatory filing
Analytics and Reporting Features
- Supported: Personalized dashboards
- Supported: Color-coded scorecards
- Supported: KPIs
- Supported: Cost and profitability analysis
- Supported: Key Performance Indicator setting
- Supported: Benchmarking with external data
Integration Features
- Supported: Flat file integration
- Supported: Excel data integration
- Supported: Direct links to 3rd-party data sources
Workday Adaptive Planning Screenshots
Workday Adaptive Planning Integrations
Workday Adaptive Planning Competitors
Workday Adaptive Planning Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | Apple iOS, Android, Windows Phone, Mobile Web |
Supported Countries | United States, Canada, United Kingdom, Ireland, Australia, New Zealand, and many more! |
Supported Languages | English, Spanish, French, Japanese, Portuguese (Brazilian), Russian, Polish, Dutch |
Frequently Asked Questions
Workday Adaptive Planning Customer Size Distribution
Consumers | 0% |
---|---|
Small Businesses (1-50 employees) | 0% |
Mid-Size Companies (51-500 employees) | 60% |
Enterprises (more than 500 employees) | 40% |
Comparisons
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Reviews and Ratings
(337)Attribute Ratings
- 7.7Likelihood to Renew43 ratings
- 7.3Availability11 ratings
- 9.1Performance5 ratings
- 9Usability109 ratings
- 8.1Support Rating33 ratings
- 7.3Online Training9 ratings
- 8.2In-Person Training2 ratings
- 9.4Implementation Rating27 ratings
- 8.2Configurability5 ratings
- 8.6Product Scalability12 ratings
- 8.2Ease of integration8 ratings
- 6.4Vendor pre-sale4 ratings
- 8.2Vendor post-sale4 ratings
- 7.6Data Sources17 ratings
- 7.5Data Sharing and Collaboration17 ratings
- 8.2Professional Services1 rating
- 7.3Contract Terms and Pricing Model1 rating
Reviews
(26-50 of 184)Adaptive Insights to the moon
- The positive impact is how it makes sharing financial information with business leaders much more efficient.
Forecasting Replacing Excel Made Easy
- We used Adaptive to replace an Excel based forecast for one of our biggest sales categories. We have multiple outside sales reps that can enter the forecast without having to wait for others to finish.
Adaptive Insights is very Intuitive
- Less time checking numbers and more time conducting analyses.
- More accurate and real time reporting.
Great Product
- Time saver
- TOP Product for its service
- Graphic help of the charts
Finance
- It is has reduced the time it takes for us to build budget for the FY of the department.
- It has a lot of features that requires a lot of time to learn.
Overall Workday Adaptive Planning is an intuitive and flexible cloud based planning tool that should be at the top of the list for consideration.
- Our forecast is more accurate and more flexible. We eliminated our massive excel workbook that had many issues.
- Version control is no longer an issue.
- We saved money in human resources as the model helps automate many processes.
- We are connected to our ERP and CRM, which saves time and makes our model more accurate.
- Automates manual budgeting and planning processes, saving time for the team to work on other tasks.
- Has allowed clients to perform more complex planning models
- We have seen an increased need for additional roles in the organization to help own the maintenance of Workday Adaptive Planning.
- This tool helped us to improve our input and output budgets due to its high usefulness in business planning, giving importance to what is relevant, and identifying the main risk factors of the investment.
- Through its use, the company was able to improve its balance sheets at the end of the month. In the past, more resources were directed to other areas where they were not so necessary and this ended up in losses. That is a situation that no longer occurs with Workday Adaptive Planning.
2021 Workday Adaptive Planning Review
- Quicker month-end uploads which allows us to focus more on reporting.
- Improved customer sentiment.
- ease of budget planning which allows more time to discuss expected trends.
Workday Adaptive Planning Review
- Return on Investment or ROI I do not manage
- Return on Investment or ROI I do not manage
- Return on Investment or ROI I do not manage
Great product that makes my job easier.
- Allows us to do a detailed forecast with minimal staffing.
- Quicker turnaround time on board reporting
- Increased the number of KPIs we can track.
Amazing Portal that help to get all you need in HR related matter in your organization!
- It absolutely reduced the cost of printing & storing physical paperwork.
- Reduce time keeping track of documents that are submitted by staff.
Outsanding Solution!
- 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.
- It's facilitated a better financial literacy and management by the non-financial managers in the company, giving them a much better ability to see what they're spending, control it, and plan better in the future.
- It's hard to quantify the ease of model and version management, but we could never do what we're doing now with our current staff. It would take a small army to replicate anything close to what Adaptive pulls off using Excel, if it's even possible.
Adaptive for Credit Unions
- Has given us the ability to move forward with our business venture with no hiccups
- Allows scenario modeling which is critical in strategic planning
Easy to set up/maintain and amazing outputs!
- Leveraging dashboards to drastically reduce time to prepare close meeting slides
- Give more ownership to budget holders
Heavy Adaptive User. Wouldn't think of switching
- Made our forecasts much more sophisticated.
- Makes reporting much easier and ad-hoc reports much easier.
Adaptive makes work life easier!!!
- Provided the CEO with the ability to see the details in the budget.
- Allows for fast changes since it's real time.
- Gives dept owners visibility into their budget and spend.
Great planning tool!
- Real time forecasting
- Audit logs, version control
- Significantly quicker management reporting cycle (weeks to hours)
Easy to use - very user friendly
- It's been mostly positive - Analysis of cost run rate and trending become real easy giving business a view and understanding where it's headed and any cost elimination and additions become easy.
Workday Adaptive Planning has freed us from Excel, improved accountability and driven increased accuracy!
- Greater level of financial understanding and increased cost awareness.
- Ability to more accurately plan revenue and compare multiple scenarios.
- Have been able to streamline vendors through reporting [the] highlighted overlapping services.
Adaptive Insights Review
- 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.
Adaptive Insights
- Budgeting takes less time
- Budgeting is more accurate
Adaptive Insights is fantastic!
- Increased transparency to our operations team and department heads.
- Has assisted in identifying areas of concern.
A must-have planning tool
- Adaptive Insights has saved countless hours from updating 100's of spreadsheets that we use to manage during our budget process.