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Workday Adaptive Planning Reviews and Ratings

Rating: 7.9 out of 10
Score
7.9 out of 10
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Community insights

TrustRadius Insights for Workday Adaptive Planning are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Ease of Use: Reviewers have consistently praised the platform for its intuitive and user-friendly interface, making it easy to navigate, create reports, customize dashboards according to specific requirements. Users find the clean layout and drag-and-drop functionalities in Reporting simplify report design and customization.

Flexibility in Customization: Users appreciate the extensive customization options available on the platform, allowing them to create tailored sheets, reports, dashboards that suit their unique needs and preferences. The variety of custom dimensions and attributes in Budgeting has been highlighted for facilitating easy data analysis manipulation.

Efficient Customer Support: Many reviewers have commended the efficient customer support provided by the platform. They note quick assistance, helpful guides continuous software improvements contributing positively to user experience.

Reviews

220 Reviews

Great consolidated option.

Rating: 6 out of 10
Incentivized

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).

Likelihood to Recommend

We're a mid-size organization working with a shoestring budget and an IT skeleton crew...not much room to dedicate resources to a platform like this fully. Having it SaaS based is helpful for system management through their Helpdesk system, and a single platform also helps streamline the knowledge needed by our developers when integrating other business aspects to Workday.

AF
Adam Fenton
Director of Multimedia Technology in Information Technology at Woodruff Arts Center/Atlanta Symphony Orchestra (1001-5000 employees)
Vetted Review
Workday Adaptive Planning
3 years of experience
View profile

Best in budgeting forecasting reporting and in Finance planning.

Rating: 8 out of 10
Incentivized

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.

Likelihood to Recommend

It offers real-time collaboration between users, strong integration capabilities, and reporting performance, but visibility needs improvement. The interface is easy to navigate.

PP
Punnareddy Pallerla
Sr Software Engineer in Information Technology at sabre (5001-10,000 employees)
Vetted Review
Workday Adaptive Planning
3 years of experience
Verified on LinkedIn

A great planning platform for all size of companies.

Rating: 8 out of 10
Incentivized

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.

Likelihood to Recommend

Report generation, simultaneous collaboration on reports, visibility into numbers and metrics.

VU
Verified User
C-Level Executive in Sales (1001-5000 employees)
Vetted Review
Workday Adaptive Planning
3 years of experience

Workday Adaptive Planning Review

Rating: 8 out of 10
Incentivized

Use Cases and Deployment Scope

Workday Adaptive Planning is a very great way to moderate, aim and assess skill levels for each employee throughout the calendar year, my company specifically uses Workday Adaptive Planning to assay yearly and monthly goals and ways to improve not only workplace flow but personal skill set and improvement. Workday Adaptive Planning focuses on changes in work stations and in company policy and the assessment that employees are working on it.

Pros

  • great format for skill set aiming and improving
  • user friendly for each employee in the workplace
  • Great for management to manage perform routine checks for teams and goals

Cons

  • More user friendly experience sometimes less tabs
  • less complicated homepage format

Likelihood to Recommend

It helps with aiming at goals that are constantly changing, more specifically the way supervisors can manage and continually update there teams goals and skills is very useful and great tool for improvement. But the problem is that sometimes the website can be very complicated and hard to navigate with certain layouts where you implement your goals.

JH
Jared Hunike
Lab Tech 2 in Manufacturing at Integrated DNA technologies (51-200 employees)
Vetted Review
Workday Adaptive Planning
3 years of experience

On-the-fly Reporting and Consolidation

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

I have used Workday Adaptive Planning since 2017 across two industries (airport and staffing) and I have been amazed of their improvements since then. Working on Excel models and using Access to consolidate multiple branches was a pain and time sucker. I currently do all planning of revenue, COS and operating expenses including personnel in Workday Adaptive Planning and the up-to-date financials as soon as users input their data has been a game changer. I highly recommend Workday Adaptive Planning as your forecasting and budgeting software.

Pros

  • Consolidation
  • Modeling
  • Forecasting

Cons

  • Security in levels

Likelihood to Recommend

If you are planning for multiple branches (at least 10) and revenue streams, Adaptive Planning will be perfect for consolidating actuals and budget and reporting on-the-fly.

CB
Camille Bueno, CPA
Manager of Financial Planning and Analysis in Finance and Accounting at Eastridge Workforce Solutions (201-500 employees)
Vetted Review
Workday Adaptive Planning
6 years of experience
View profile

Workday Adaptive Planning is the future of budgeting!

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

We use Workday Adaptive Planning for our yearly budget process and some reporting. Workday Adaptive Planning allows our users to make budget changes and see the net result of the changes immediately. This helps to get us to our target budget more quickly. We plan to utilize the active dashboards within Adaptive for even more real-time data and how it affects the overall organization.

Pros

  • It's ability to update and process changes to accounts or formulas immediately across multiple sheets
  • The ability to link accounts to a summary page makes data easier to pull to different sheets
  • The flexibility with different sheets and the security to allow or not allow visibility

Cons

  • Having an Average function in the formula types, currently I have to use a range and divide by that number
  • Ability to delete data in Standard account boxes from one version to another, rather than having to manually delete
  • Working with teams that implement Adaptive to ensure they are setting up the model for ease of using the Publish Plan functionality

Likelihood to Recommend

I think that Adaptive Planning's "live" updating is a huge improvement from our prior software where we would have to do a full update overnight that took hours. With the real-time updating our leaders can budget much more quickly because they are able to see the impact from one sheet to another immediately. I think the dashboards and reporting capabilities are great also. Using Office Connect along with Adaptive Planning has been incredible. Having the ability to have a spreadsheet that can be updated with the click of a button is fantastic!

DA
Danielle Arnold
Senior Workday Analyst in Finance and Accounting at Altru Health System (1001-5000 employees)
Vetted Review
Workday Adaptive Planning
2 years of experience

Workday Adaptive Planning Review.

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

At the University of Washington, we can engage multiple stakeholders to perform their FP&A functional operational work and participate in other projects that extend beyond Adaptive Budgeting data. By utilizing Integration Management, we can create APIs with Adaptive data, allowing for bidirectional inbound and outbound transfer of strategic data to external applications. This supports initiatives that are broader than just Adaptive, all while leveraging the Adaptive platform to drive the technology behind these projects. Adaptive is a versatile tool, akin to a Swiss Army knife, enabling various applications.

Pros

  • Data Transformation within Integration Management.
  • Modeling Complex FP&A Consolidated Financial Statements across any industry.
  • Story telling the number across HTML, OfficeConnect, and Active Dashboards.
  • Active Dashboards.
  • Anomaly Detection (Outlier Reporting).
  • Unified Access Management (one Security Model).
  • Power of One.
  • RAAS reports with Prism Analytics.
  • RPA Orchestrator configuration.

Cons

  • Data Volume for Large Enterprises (memory consumption on Loaders/instance).
  • Robust Dashboard functionality.
  • Cube Limit of 15k rows.
  • OfficeConnect.
  • EIP

Likelihood to Recommend

Adaptive is the best holistic EPM tool if you invest in and upskill your Team to truly adopt the Power of One.

AJ
Alfonso J. Díaz Manrique De Lara
University of Washington in Information Technology at University of Washington (10,001+ employees)
Vetted Review
Workday Adaptive Planning
9 years of experience
View profile

Workday Adaptive Planning Review

Rating: 7 out of 10
Incentivized

Use Cases and Deployment Scope

FY Budget Planning, Quarterly Forecasting, Reporti & Dashboarding

Pros

  • Systematizes Budget data
  • Nice Visuals

Cons

  • Dashboarding capabilities (UI more straightforward & intuitive; More freedom in formatting/mass updates)
  • Reporting Capabilities (UI more straightforward & intuitive; More freedom in formatting/mass updates)
  • Integrations with other systems (WSS)
  • More straightforward guidance when integrations fail
  • Details behind confidence metrics in predictive forecaster

Likelihood to Recommend

It's a good starter system for any org that's coming out of a manual environment. The base capabilities are good but there's still much improvement on both basic & advance functionality needed

VU
Verified User
Team Lead in Finance and Accounting (11-50 employees)
Vetted Review
Workday Adaptive Planning
1 year of experience

From Excel Hell to Continuous Forecasting

Rating: 10 out of 10
Incentivized

Use Cases and Deployment Scope

Our business units use 4-5 different accounting systems. Workday Adaptive Planning has allowed us to move from Excel hell in consolidating these reports every month, to relatively seamless corporate wide reporting. Additionally, we have moved from a one-time annual plan which always tended to be out of date before it was finalized and the new year began, to continuous forecasting giving management foresight into what is to come and scenario planning to guide potential impact of options. We can create versions and see potential outcomes in minutes now instead of days.

Pros

  • Versioning
  • Multiple Models
  • Live Updates
  • Office Connect (Excel integration tool)

Cons

  • Menu bar - sub-menus based on model instead of all being listed together
  • understanding how formulas work.

Likelihood to Recommend

We were able to integration and utilize Workday Adaptive Planning in a very short window. The models have been easy to understand thus increasing end-user adoption. The Office Connect feature allows users to easily create their own reports, in Excel (the comfort zone of all accountants) without having to wait on an Administrator or technical report writer.

SL
Scott Luchenbill
CFO/CIO in Finance and Accounting at Agility Defense & Government Services (51-200 employees)
Vetted Review
Workday Adaptive Planning
5 years of experience

Workday Adaptive Planning REview

Rating: 8 out of 10
Incentivized

Pros

  • Driver-Based Budgeting
  • Real Time Reporting and Dashboards
  • Scenario Planning and Modeling
  • Integration

Cons

  • Integration with Non-Workday Systems
  • Training Documentation

Likelihood to Recommend

In our business model rates play a big role in our scenario analysis. Adaptive allows for analysis of multiple versions which is ideal for us when we create numerous scenarios based on different rates.

VU
Verified User
Analyst in Finance and Accounting (51-200 employees)
Vetted Review
Workday Adaptive Planning
3 years of experience