#1 most frequent
United States of America
76.1%3,287 installations of 4,322
What is Workday Adaptive Planning?
Workday Adaptive Planning streamlines planning workflows, using AI and real-time data integration to improve collaboration and provide predictive forecasts for better strategic analysis.
Categories & Use Cases
Media
1 / 6
Screenshot of Workday Adaptive Planning AI Predictive Forecaster
Top Performing Features
Customizable dashboards
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
Category average: 7.4
Dashboard / Report / Visualization Interactivity on Mobile
In-app dashboard reports and data visualization.
Category average: 6.7
Color-coded scorecards
Track and analyze performances with interactive, color-coded balanced scorecards.
Category average: 8.1
Areas for Improvement
XBRL support for regulatory filing
Support for the XBRL standard reporting format for exchanging financial data.
Category average: 7.1
Financial data consolidation
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
Category average: 8.1
Minority Ownership
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
Category average: 7.4
Who Buys & Uses Workday Adaptive Planning
#2 most frequent
United Kingdom of Great Britain and Northern Ireland
5.0%217 installations of 4,322
#3 most frequent
Canada
5.0%215 installations of 4,322
Pros
- Robust financial modeling and reporting capabilities
- Efficient data management and integration with other systems
- Facilitates collaborative planning and simultaneous updates
Cons
- Limitations and usability issues with reporting and dashboarding features
- User interface is not consistently intuitive or easy to navigate
- Performance challenges when processing large datasets
Best in budgeting forecasting reporting and in Finance planning.
Use Cases and Deployment Scope
We are using Workday Adaptive Planning for Budgeting, Reporting, Forecasting, and Financial planning. It has helped us solve and manage financial-related matters very well in an organized manner. Mainly, we have implemented this to address budgeting issues and future planning within our organization, enabling us to focus on various financial aspects.
Pros
- Employees or users can update plans simultaneously.
- We can easily integrate with salesforce and other applications.
- Workflows are useful to build the automations.
Cons
- If there is heavy data it will take much time to load.
- Reporting feature have to improve.
- Technical support is always needed for any issues related to application performance or breakdown.
Return on Investment
- Budget planned very easily.
- Reporting also became simple.
- Forecasting become simple with this application.
Usability
Alternatives Considered
ADP Next Gen HCM
Other Software Used
Qlik Analytics Platform, Salesforce CRM Analytics, Salesforce Service Cloud
Workday Review
Use Cases and Deployment Scope
We use Workday Adaptive Planning to do headcount planning at a very granular level. We do headcount planning at a team level. We also do planning for headcount at various international entities at a local currency level. Further we are also able to track our contractor workforce within Adaptive Planning and adjust for any changes to our original Plan.
Pros
- Headcount Planning
- International Entities
- Local Currency Planning
- Contractors
Cons
- Somewhat cumbersome to use
- Not user friendly
- Hard to navigate and find things
Return on Investment
- Reduction in manual processes
- Faster turnarounds
- Ability to run scenarios
Usability
Alternatives Considered
Planful, Paylocity and BambooHR®
Other Software Used
Sage Intacct, AWS CloudTrail, Anthropic Claude
A great planning platform for all size of companies.
Use Cases and Deployment Scope
We use it for financial and operations planning. We use it to understand the overall expense across the departments, revenue, margin, etc. We use the software as its no-code application with minimal manual intervention required to generate reports.
Pros
- generation financial reports
- clearly defined data points and numbers
- simultaneous report collaboration.
Cons
- training on how to generate the reports to new users.
Return on Investment
- time saving
- centralised visibility
- better decision making.
Usability
Other Software Used
Salesforce Sales Cloud, HubSpot Sales Hub, Dropbox DocSend
Adaptive Planning, a key cog in a well run business
Use Cases and Deployment Scope
We use Adaptive Planning on a daily basis as a key function of my job. We utilize Adaptive for personnel planning, product P&Ls, Budgeting, Forecasting, Bookings, dashboards, and reports. Adaptive is incredible in its functionality and flexibility. Adaptive has been the most valuable tool (outside of Excel) for myself as an FP&A Manager.
Pros
- Budgeting
- Collaboration
- Reporting
- Forecasting
Cons
- Load Time
Return on Investment
- Adaptive has made my life so much easier and has had an incredibly positive impact on my work life
- I will always use Adaptive over NetSuite when pulling data or trying to model out information
- Adaptive allows me to model out complex scenarios with ease
Usability
Alternatives Considered
NetSuite ERP
Great consolidated option.
Use Cases and Deployment Scope
Workday is an all-in-one solution for managing HR aspects and finance tracking, but it's not the "best" solution in those categories. But having a consolidated platform to handle these aspects is sometimes worth the hassle. You'll need to weigh the pros and cons, such as having a single platform for integration within the company, but also consider how it compares to employee productivity and the valuable features that specialized platforms might offer.
Pros
- Expense tracking.
- HR form and document tracking.
- Employee resource planning.
Cons
- Budgeting either isn't included or an extra fee.
- Expense reporting aspects are repetitive and hard to fully optimize.
- Finance tracking is limited to basic reports with multiple levels or drill-down...hard to fully grasp without exporting data and massaging in something else (like Excel).
Return on Investment
- Single system/location for employees to interact with.
- Single system for developers to work with.
- Provides the basics needed in a SaaS platform for easy management.
Usability
Alternatives Considered
Paycor, Paycom and BambooHR®
Other Software Used
Microsoft 365, Adobe Acrobat Sign, Asana
