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
Reporting
Role Impact
Reporting
Reporting has become more standardised, and allows users to self-serve results, rather than wait for someone from finance to send them results.
Reporting has become much more user driven.
Role Impact
Reporting
The data quality and accuracy has been improved as part of the report because we are not entering data manually into spreadsheets for reporting. Data is linked to Adaptive Insights which also makes much faster to prepare the financial reports for the organization.
Dashboards are just starting to …
Role Impact
Reporting
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Reporting
The integrity of the data has greatly improved. The quality and accuracy of how the data is handled, stored, and displayed are key strengths. The turnaround time to make changes while modeling is amazing.
Communication has improved a lot as well. The suite makes it easy to for people to access, and …
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Reporting
Reporting
Faster reporting cycles.
Faster analysis.
Reporting
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Reporting
Dashboards. No dashboards pre-Adaptive. Now the dashboards provide a quick summary of the key numbers and metrics.
Res…
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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
Compare with
Reviews and Ratings
(337)Attribute Ratings
- 7.7Likelihood to Renew43 ratings
- 7.3Availability11 ratings
- 9.1Performance5 ratings
- 9Usability109 ratings
- 8.1Support Rating33 ratings
- 7.3Online Training9 ratings
- 8.2In-Person Training2 ratings
- 9.4Implementation Rating27 ratings
- 8.2Configurability5 ratings
- 8.6Product Scalability12 ratings
- 8.2Ease of integration8 ratings
- 6.4Vendor pre-sale4 ratings
- 8.2Vendor post-sale4 ratings
- 7.6Data Sources17 ratings
- 7.5Data Sharing and Collaboration17 ratings
- 8.2Professional Services1 rating
- 7.3Contract Terms and Pricing Model1 rating
Reviews
(51-75 of 184)Adaptive Insights is a timesaver
- The positive impact is in time. It has greatly reduced the time it takes to turn around data, sending productivity rates soaring.
- Scenario and financial statement reporting has greatly contributed to business decisions that have affected the bottom line.
Reshaping The Financial Planning Landscape
- The biggest return on investment is the time the analysts and users have gained. We have never been so productive as a team.
- Adaptive was the perfect solution to help manage our Customer Billing, we had recently transitioned billing systems and keeping track of old and new IDs across 10+ excel files was a very manual and inaccurate process. Dimension and Account mappings fixed all of that.
Adaptive Insights increases efficiency and is easy to use
- Significantly reduced errors
- Shortened the planning cycle
Adaptive Insights - Great for Budgeting and Planning
- Ability to quickly makes changes to our rolling forecast and seeing the impact on future periods
- Reduce the amount of manual work needed for reports and slide decks
A good tool for the experienced user.
- The largest benefit to having Adaptive so far has been the ability to build multiple budget versions with ease, including new information quickly. This reduces the amount of time it takes to make budgeting adjustments.
- Management has found significant value in seeing the financial statements more readily, allowing decisions to be made more timely. The inclusion of actuals and forecast create a transparency of the true impact of a good or bad period with the business.
Early user of Adaptive Insights
- Positive overall, although I don't have specifics.
Adaptive Insights: Effective and Efficient
- Adaptive Insights has allowed us to get better with our budgeting and forecasting which has allowed us to see where we may have previously been off. This allows the managers to adjust their processes by having the knowledge to make those business decisions.
Adaptive Insights, Admin Review
- Able to save two days per month in international once we on-boarded them to Adaptive.
Remarkable Planning Tool
- It has had a positive impact on our business and the way we do reporting.
The Real-Time data system for all organizations!
- Adaptive Insights has had a positive impact on organizational expansion. With our break-even analysis we have created, what would once take place in a notebook or Excel, we have created templates and can run a conservative estimate on revenue and costs quite quickly. We have cut back on research and time on expansion by months this way, to mere hours.
- One negative impact is the costs with implementing connections between our other ERP systems with Adaptive Insights. Currently, we would like to have near real-time data, but cannot due to the costs. Currently, I am tasked with uploading from multiple systems and this can be time consuming, especially during a close.
- Overall, positively we have had an excellent experience. The ease of the functionality and the easy learning curve have enabled everyone on my team to have an enjoyable experience.
Adaptive Insights - Definitely a Winner ... Easy to Use, Efficiency Gained, and Errors Reduced
- Adaptive has had a very positive impact on our planning process by providing the ability to collaborate and has reduced the inevitable errors encountered with our other budgeting tool.
- Our ROI is proving out exponentially with the increased efficiencies gained, time saved from streamlining of our processes, and the overall enhancement with staff communication throughout the budget cycle.
Adaptive Insights improves planning and analysis process
- With the addition of Adaptive Insights, our company's planning process has become more efficient and allowed us to refocus our efforts to other areas of need.
A Great Budgeting Software for those on a Budget
- 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.
Adaptive Planning is great! Very easy to use!
- More efficient
- Time savings
Adaptive Insights Drives Finance Team Efficiency!
- 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
- 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.
Great software, great pros, and not significant cons
- 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.
Great product, easy to use!
- ROI has definitely been positive, way better than our previous solution
Adaptive Insights -- a great solution for planning
- 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.
It just keeps getting better!
- We will see!
- 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.
- Adaptive has provided us with the ability to quickly turn around reports and get it into the hands of those necessary to make decisions.
Insights you can Adapt
- Not aware.
Time Saving
- Allowed us to be more efficient with the budget process. No excel spreadsheets to consolidate and roll-up budgets.
Management Reports & Consolidation
- It cut costs on a more pricey tool
- It cut time on [our] closing process
- It's easy to learn