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. SavingAdaptive was purchased to improve our current budget processes and make it more efficient. The software is being used by the Finance Department and key bBusiness users across the organization. Prior to Adaptive, the organization used complex Excel spreadsheets for over 90 departments. Adaptive has taken these complex spreadsheets and incorporated them into the set up and incorporates all of the standards and assumptions, so that the end user only has to input their information one time and everything flows through to the correct budget sheets for analysis.,Adaptive's reporting function is an excellent tool for analysis. It can be used for budget formulation through monthly reporting analysis. Adaptive makes it easy to get down to the most minute level of detail in order to quickly give analysis on the budget, through its modeled sheets, and cube sheets.,I don't see any weaknesses from the software, other than it not having the flexibility to make changes to other versions of budgets without affecting previous versions.,10,Allowed us to be more efficient with the budget process. No excel spreadsheets to consolidate and roll-up budgets.,,Sage Intacct,46,2,Budget Forecasting Budget Planning Budget Variance Reporting Currency Management,N/A,It's possible for us to look at our billable time. We just haven't made it there yet.,10,Yes,Product Features Product Usability,I don't think I would change a thing.,Third-party professional services,No,Change management was a major issue with the implementation,None that were quantifiable.,10,Online training Self-taught,9,No-Training is needed.,10,None that I can think of....,Some - we have done small customizations to the interface,None,No,8,No,I was having issues with some items that were change during a previous services agreement. Even though that service was closed, they helped me figure out the issue with the calculation error.,All sheets flow into the budget sheet. This allows for seamless roll-ups.,Formulas are somewhat confusing.,No,10,10,10,10,We have integrated our account system - Intacct,No-Not at this time.,File import/export,10,Work with the professionals at Adaptive to get it right!,10,9,Not Sure.,None at this time.,No,N/A,N/A,No,NoAdaptive Insights 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,,9,9,9,10Go 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,10,10Adaptive 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.,7,9,10,8Adaptive 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.Adaptive is an excellent budgeting and forecasting applicationWe use Adaptive for company-wide budgeting, planning, rolling forecasting and monthly reporting.,Version over version comparisons are easily accomplished with Adaptive. Adaptive is very flexible and can be customized to almost any business or use case. Very good at waterfalling ratable revenue and for use in headcount planning and capacity planning.,The most important improvement that was required was the reporting interface. Now that the Excel plugin will launch soon, hopefully report templates and export to Excel will be more user friendly.,10,10,Reduction of spreadsheet errors or versioning issues during the budgeting process Allows for faster completion of budget rollup cycles Speedier building of reports for board meetings,9,10
Adaptive Insights, a Workday company
219 Ratings
Score 8.5 out of 101
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Adaptive Insights, a Workday company
219 Ratings
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Score 8.5 out of 101

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November 16, 2018

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There haven't been any lately. The only one issue I can think of is when there was an update in Adaptive that altered our reports. Before I realized there was an issue, Adaptive reached out to let me know, so that it could be fixed.
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Feature Scorecard Summary

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

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, 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

Vena Solutions, Host Analytics Cloud EPM Suite, Longview, Prophix, IBM Cognos, Anaplan, CCH Tagetik, Tidemark, BusinessObjects SRC (Discontinued), Oracle Hyperion, SAP


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

Small Businesses (1-50 employees)
Mid-Size Companies (51-500 employees)
Enterprises (> 500 employees)

Adaptive Insights, a Workday company Support Options

 Free VersionPaid Version
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