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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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
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Alternatives Pricing
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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 203)Adaptive Insights to the moon
- Adaptive is an excellent tool in creating dynamic models for budgets and forecasts that can connect directly to our financials.
- The most powerful tool of Adaptive is the ability to handle complex calculations behind the scenes while mupltiple users can access our instance and see the results in real-time.
- Adaptive Insights could improve it's user training by offering more video instructions that our included in customer subscriptions.
- The Office Connect feature is a great tool for working with financial data in Excel. I believe this will be an area to focus on improvement as many of their competitors have better functionality with pulling and drilling into data.
Forecasting Replacing Excel Made Easy
- Adaptive eliminates the need for Excel sheets for budgets.
- Adaptive uses the cloud to share similar data and have data updated simultaneously, where with spreadsheets you might have to wait for someone to enter data into a spreadsheet or someone manually copy data into a master file. Adaptive becomes the master file.
- It helps store history quite well when wanting to compare things from previous periods or to look at trends.
- When looking at totals on average selling prices, the sheet tries to average all of the selling prices instead of calculating total sales dollar and volume.
Adaptive Insights is very Intuitive
- Very Intuitive and easy to learn.
- Adaptive Insights can be managed and owned by Finance people and does not require IT involvement.
- Office Connect reporting is very useful.
- The new process tracker feature could be expanded.
Great Product
- Adaptive allows me to build department-specific models driven by that department KPI's
- OfficeConnect is remarkable
- All modeling we did in excel will be done through Adaptive
- Because of the volume of models (user sheets), the ability to place models in folders based on the purpose or function would be helpful. That function does not exist so we have a long list of models and searching for the one we need is not efficient
- Better documentation and training related to advanced features in the system. We would like to enhance our modeling and make it more efficient but can't determine if what we want to be done can be done.
- Allowing GL accounts to link to more models we are an improvement. There is a limit on how many models you can link to a GL account. Because we use Adaptive for all our modeling, we have reached the capacity and had to develop workarounds.
Finance
- Budget management
- Expense tracking
- Finance management
- There should be a seamless integration between the accounting and the budget allocated.
Overall Workday Adaptive Planning is an intuitive and flexible cloud based planning tool that should be at the top of the list for consideration.
- Cloud Native
- Intuitive
- Flexible
- Easy to adapt
- Adding additional departments/regions after implementation is a pain
- I don't love how multi-currencies works
- Drill down is clunky
- Performance slows down as you grow your instance
- Robust budgeting and planning sheets that allow for customizable modeling depending on the needs and area of the business
- Web reporting out of Workday Adaptive Planning is great and is very user friendly
- Integrations into different ERP systems, especially Workday
- The Integration between Workday Adaptive Planning and NetSuite is difficult to get up and running. It functions well but is more complicated to set up than other ERPs.
- Creation of sheets and normal maintenance is easy to use but can be a very complex process for those unfamiliar with how Workday Adaptive Planning works. Training is a must!
- Lacking functionality in automating the multi-currency conversion process
- Ability to create customizable reports based on employee requirements.
- Simple and ergonomic interface that allows easy location of each tool, all in a single view.
- Each employee can get their expense summary and based on this do better resource planning.
- Real-time cost and expense planning.
- Ability to break down all monetary movements generated in the company.
- Allows us to create cost scenarios where we can identify factors that may affect us in the future.
- It is not possible to copy items between tabs, causing obstacles in the work.
- Reports should be more complete and customizable.
- It is complicated to import spreadsheet files without having to make modifications beforehand.
Makes my Workday easier from an HR perspective
- One stop shop for employee and employer information.
- Ability to ask for, view and give colleague feedback.
- Ease of use, easy to navigate.
- Easy to download important documents.
- Some overlap between areas can be confusing for a new user.
- Logging on from a new device can be a bit fiddly.
- At first the time off scheduler can be a bit confusing.
2021 Workday Adaptive Planning Review
- Ease of use
- User friendly
- Financial modeling
- Budgeting
- System updates completed during budget season. This causes issues every year for us.
- The system does not handle multiple exchange rates very well. This causes issues for the equity section of our balance sheet.
Workday Adaptive Planning Review
- I like the flexibility to create different sheets
- I like the flexibility to create different dashboards
- I like the flexibility to create reports
- You can connect any system using integration
- Easy to adapt and learn
- cost effective
- More you can focus on process then tool
- I am completely satisfied that this tool can be used with either the smallest or largest organizations (yes, it's that good). as I worked on many other tool
- the tree structure makes it very difficult to scroll through report
- integrations between other system need to be streamline
Great product that makes my job easier.
- Organizes a large amount of data in a very accessible way.
- Easy to change or modify formulas
- Easy to learn and implement.
- Formatting and display options for dashboards are limited.
- Scenario planning is hard to carry from one version to the next.
- Reporting has limited formatting options.
Amazing Portal that help to get all you need in HR related matter in your organization!
- All in one portal related to HR details that you need to know in your organization.
- Integrated goal/development feature that will help you in your career.
- Requesting annual leave is extremely easy, no more emails requesting leaves.
- Sometimes a lot of functions causing confusion, might need to set guide/help card for new employees to get used to.
Outsanding Solution!
- Overall structure of the model is both powerful and simple. Accounts and levels (legal entities/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.)
- Version Management. Adaptive lets us manage many versions/scenarios all in one platform with the robust ability to compare them to each other.
- Processing Performance. With the Elastic Hypercube technology that was implemented a few years back, we can watch changes flow through a complex web of formulas and arrive at an answer within seconds.
- Audit Trail. Our administrators love the ability to see and report on who made what changes when, which leads to real accountability within the organization.
- Variable Time Roll-ups. Different entities within our company look at "years" differently, but we're only able to specify one global time roll-up for aggregating data quickly, which can lead to some confusion.
- Administrative UI. Management of Access Rules and ordering sheets from an administrative point of view can be a bit tedious and have received less attention than other features recently.
- List Sheet Reporting. Any sheet that is a variable list of things (like People, Capital Projects, Marketing Programs) is somewhat constrained in how it can be reported on. Adaptive provides two kinds of reports but both leave something to be desired when reporting on this kind of data.
Adaptive for Credit Unions
- Quick ability to update formulas and see the updated outcomes
- Very nice to have ability to have multiple versions and compare them against each other
- Love Office Connect, total game changer for Excel users
- Need the ability to move items within Dashboards from tabs or even other Dashboards
- More graphing abilities within Dashboard
- Enhance Matrix Reporting
Easy to set up/maintain and amazing outputs!
- Ease of administration (one or two people can handle it versus a whole team plus IT)
- Keep adding really cool features every quarter
- Integration with Workday HCM
- Integration and customization with ERPs, data warehouses, CRMs
- Great customer support--very knowledgeable, efficient, friendly, and fast
- Approachable staff--you can reach out easily to PMs and provide and get feedback
- Office Connect became dynamic (updates of structure, drills, grouping, exclusions, etc.)
- Data mapping feature to overlay or fix mappings from feeding sources
- Small bugs after new releases (but always solved very fast)
- Could use some enhancement on UI side (but they have great improvements on the roadmap)
- Copy to or from sandbox is done via request to support; it would be great to have an automated, on-demand way by admins
Heavy Adaptive User. Wouldn't think of switching
- Reports: Makes beautiful, reliable, and easy to run and customize reports in Office Connect.
- Ability to run multiple complex scenarios and then easily produce reports comparing those scenarios.
- Salary and headcount forecasting.
- Foreign exchange: Works ok for the income statement, but the balance sheet has been a huge challenge and still has many issues.
- Usability for end-users: Input sections are not clear and the only way to see roll-up is by running a report in a separate section.
Adaptive makes work life easier!!!
- New hires.
- Personnel planning.
- Detailed expense planning.
- Integrated balance sheet, income statement and cashflow.
- Allocation functionality is cumbersome since every time you want to make a change you have to recreate the allocation (i.e. if you need to add or delete a dept in the allocation).
- Whenever we go into a saved locked version, instead of being at the top level, the system opens the next time at the dept level, even if you have never opened any sheets at that dept.
Great planning tool!
- Forecasting
- Version control
- Ease of use
- API
- Transactional models (i.e. performance limitations with mass data forecast models +1MM rows).
- Management reporting allocations.
Easy to use - very user friendly
- Versioning/scenario analysis - It is so easy to run scenario analysis and compare live the changes - And one can preserve the data for different scenarios and can compare any number of version against each other in minutes.
- Formulae creation is so easy - everyone can work on Adaptive as it's more or less Excel - creating new accounts and writing formulas has never been this easy.
- Very user friendly - It's very straightforward.
- Actuals - if the company restate the actuals - and if that version is overly in the locked version - it changes the locked version id we updated the new actuals - It would be great if there is some way to preserve the forecast version without creating a new actual version.
- The audit trail for the forecast changes - if that can be added it will be great.
- Personnel sheet filters - it's very time consuming that we have to make the change and save it every time- before when we use the filter we use to get to that row/cell and still could see full sheet & were able to save after doing bunch of changes but this new way makes it mandatory to save after every change, very time consuming.
Workday Adaptive Planning has freed us from Excel, improved accountability and driven increased accuracy!
- Report creation and sharing is easy and quick.
- Planning with multiple different dimensions, attributes and timeframes can be set up and compared seamlessly.
- Automated actuals import is well developed and allows for more analytical work and not data input.
- It is not a true BI solution.
- Workflow feature needs improvement.
Adaptive Insights Review
- It is much nicer than having Excel because you don't have to worry nearly as much about breaking formulas.
- It enables analysts and business partners to plan together by both having access to the same numbers in the same software thus reducing confusion and helping to keep everyone on the same page.
- It helps a lot with reporting and doing analyses on budgets vs. actuals.
- I wish that there were a way to select multiple levels when viewing sheets instead of having to build a report.
- It would be nice if there were slightly more access controls so that different analysts could see the headcount for their groups without giving them access to the entire company's headcount data.
Adaptive Insights
- Budgeting
- Forecasting
- Reporting
- Changing the formatting
Adaptive Insights is fantastic!
- Implementation through the 3rd party was quick, efficient, and cost-effective.
- It's a very flexible tool and is very easily customized for our evolving needs.
- An ability to customize standard sheet views such as fonts/size.
- Promote and push the training before and during implementation.