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
Workday Adaptive Planning AI Tools
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Reporting
Role Impact
Workday Adaptive Planning Data Driven
Company-Wide Alignment
Continuous Planning
Cloud Transition
Workday Adaptive Planning AI Tools
Workday Adaptive Planning Data Driven
Company-Wide Alignment
Continuous Planning
Cloud Transition
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Reporting
Role Impact
Reporting
Role Impact
Reporting
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Reporting
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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Reporting
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Reporting
- Variance analyses are now available at the click of a button and do not have to be …
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I no longer spend hours worrying about Excel version control or formulas …
Reporting
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Reporting
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Reporting
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Reporting
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Adaptive has always been here since I joined almost three years ago.
Reporting
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Reporting
Faster reporting cycles.
Faster analysis.
Reporting
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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)8.484%
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.
- 8.4Management 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.
- 7.9Journal entries and reports(67) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 6.8Multi-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
- 8.7Financial 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.
- 8.6XBRL 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
(1-25 of 90)Workday Adaptive Planning Review
- Version Control
- Import of transactions and importing data is straight forward and fast. Split accounts also allow user to improve accuracy.
- Admin has control over design and layout of sheets instead of IT.
- Text field from spilt accounts does not migrate into office connect. For example: Capex account: Capacity, free text field: 4 fork lifts, Timespan: April, Total: $160k. Officeconnect can only show Account, Timespan and Total. IE Capacity, April, $160k.
- Scenario can only merge to base version. Cannot merge into different version.
Solid and intuitive planning solution
- A very intuitive solution from a budget contributor point of view. The sheets are clean and the drag and drop functionalities make it easy to get started.
- The many different custom dimensions and attributes make it easy to slice and dice the data to your liking.
- The Adaptive logic is different than the Excel logic so it does require you to revise your current Excel models to bring them onto the platform.
- We are still trying to figure out if, and how easy it is to bring more complex models to Adaptive (predictive modeling, Monte Carlo simulations etc).
Adaptive review from a national nonprofit
- Discovery - monitoring KPIs. The new Discovery interface is the easiest dashboard I've ever used. I can have a new report on a Dashboard in under a minute.
- Reporting - the click and drag graphical user interface makes it easy to design reports to answer almost any financial question. It also makes it easy to adapt a single report for 100 different users.
- Planning - having multiple versions and multiple levels allows us to compare, contrast, monitor and manage with ease.
- The in-house consultants who originally set up Adaptive were poor listeners - and as a result built a model that didn't work for my organization. I had to hire an outside consulting firm with more experience with nonprofits to redo my model. I lost about 1 year of usefulness as a result.
- Mastering attributes for reporting takes time. The system can do many things, but not without lots of time and effort. I ended up hiring a consultant to build initial reports I needed. I'm comfortable enough now to edit and update, but still have some hesitancy building new reports. One difficulty I have is not knowing the impact a single change, such as the name of a field, can have on everything else associated with that named field or dimension or attribute. It would be nice to have a map showing the links between everything.
Effective in cost and use but not a panacea
- Summarize data.
- Clean layout.
- Aggregate across sources.
- Ease of use.
- Robustness.
- Data dynamism.
- Forecasts very easily
- Setting up formulas to auto populate certain areas makes it much easier for budget owners to fill it out.
- Collaboration between the FP&A team as well as the budget owners is all done within Workday Adaptive Planning rather than through team messages or emails. Much more efficient.
- There have been some issues with the mapping between Workday Adaptive Planning and our accounting system, Intacct, that has required additional support beyond what we were able to do in house.
- Some of the formulas break due to budget owners not knowing what they are doing. This has been fixated with updates to Workday Adaptive Planning over the years but it still pops up every once in a while.
- Better reporting functionalities.
Workday Adaptive Planning – It’s Versatile!
- Creation of Versions.
- Reporting and Dashboarding.
- Model Flexibility.
- Web reports within Dashboard would be great.
- Version to Version referencing within model formulas.
- Calculations within reports that allow you to add data across different versions.
CareStar recommends Adaptive Insights for reporting and dashboards
- Financial Reporting - financial statements are done instantaneously once the books are closed. There is no processing required. Recipients of the reports can obtain everything they need self-service. There is no distribution process required.
- Budgeting/forecasting - We converted our Excel process (which used 30 linked workbooks, 20 sheets each, and 50+ formulas each sheet, for a total of 30,000 formulas) to Adaptive. Now that the model is set up, new forecasts can be set up in minutes, rather than hours/days. The whole model is driver-based and easy to manage. It is much more intuitive for our directors, too. All they need to supply are updated drivers to run a new budget or forecast.
- Dashboard - We now have a company-wide mechanism for communicating KPIs, and both financial and non-financial data. Data can be presented both visually or in numeric formats.
- The Adaptive Planning portion of the suite is very mature and has few short-comings. The biggest improvement I can think of is the ability for formulas to cross versions.
- The Adaptive Discovery (dashboard) portion of the suite is much less mature. There are many chart types not available that are in Excel. For example, I would like to have an X-Y scatter chart to use. Also, some of the dial (chart) types have very little formatting options (like pie charts).
- While the object of the web-based product is to eliminate paper printing, there are times when it is necessary to print financial statements. It would be nice to print directly to pdf with the ability to format the reports.
Adaptive is well suited to present data (both financial and non-financial) in the form of financial statements, reports, budgets, forecasts, and dashboards to a distributed audience. That is, any data that can be accessed, and then summarized and presented for analytical and reporting purposes. The web-based platform allows for end-user access anywhere.
Where it is less appropriate, and often mistakenly so by those not directly involved in administering the product, is to try to use it as a replacement for an operational database and operational report writer. For example, in a SQL database, it would be better to write operating level reports directly in that database as SQL reports.
- It is very powerful while someone would like to work on multiple sheets together.
- We can also integrate or we can say copy the data from external excel sheets which makes life easy.
- It is also very helpful for planning without affecting the organizational budget for every department. It is very easy to use and manage.
- There are some limitations of this tool as well and personally I didn't like the way it restrict us to change the sheet frequently, it can be lead to wrong calculations for monthly or quarterly planning.
- This is also not much flexible, it should have integration mechanism to connect with other tools and data accessibility too.
- Sometimes we also faced the slowness issue while performing complex task. This can be improved.
Great product when properly trained
- It does well with version control. I can ensure that all 27 entities know exactly which version is the correct budget that is approved.
- It does well with scenario planning. I can easily make adjustments with to the budget whether that is pushing sales, expenses, headcount, or capital projects.
- It does a good job with enforcing unity with the chart of accounts.
- It does permissions for different groups well.
- It did reporting groups and distribution well.
- There has been a real lack of training. This has caused issues especially with creating new reports.
- There could be better shortcut keys similar to Excel.
- There could be a better search functionality with the self tutorial area.
- Excellent documentation with articles and videos.
- Strong implementations network of consultants.
- Accessible staff for Q&A (like formulas Friday and other weekly sessions).
- Being cloud only, occasionally the model may be slow to load or update.
- Certain features like user assigned sheets are edit only or no access (no read-only access).
- Dimension level security is coming in a future release (Fall 2019).
- Cannot have multiple security profiles per user (one profile per account).
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.
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.
- 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.
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!
Using Adaptive, our budget owners and executives now have a much better (and faster) view of our financials, as well as allowing the finance team to spend time on analysis/insight.
- 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
Easy to use - very user friendly
It addresses mostly all the problems related to Headcount & other spend - like capacity planning, Allocations, productivity, retention, etc.
- 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.
The only place I would say it need work is the restatement of actuals - it changes any locked version using actuals as the overlay.
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
- 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.
A must-have planning tool
- Adaptive is a cloud-based system that allows our users to interact with Finance from anywhere in the world.
- Office Connect is a great add-on to Excel that allows us to set-up reports and refresh them in an instant for more detailed information needed throughout the company.
- The report section is great but it doesn't quite give you the flexibility that Office Connect (Excel Add-On) does.
Reshaping The Financial Planning Landscape
Right now it is primarily the FP&A team that makes changes, and for revenue, for we have business operations partners that input their customer revenue forecast.
We previously were using Essbase to do all of our planning, but the CTS group operates quite differently compared to the rest of Comcast. Imagine operating a startup inside a cable box. Adaptive gives us the flexibility to make detailed changes to our business units and accounts quickly and have immediate reporting results. As opposed to keeping track of detailed Essbase strings, making changes and then waiting every two hours to make sure they were made correctly.
- Live Reporting - The ability to constantly see your change impacts, using the Audit Trail to identify the users making the change, and transaction details for actual significantly freed up valuable bandwidth to spend more time on forecast accuracy.
- Flexibility to change Business Structure and have those changes flow through historically without any effort. Used to have various Xref files everywhere.
- Corporate Consolidation - Being able to have multiple Organizations roll up into a group that is not managed by us. We still need to use export into Essbase for our HQ partners until Adaptive can fully integrate the two seamlessly.
- Web Reporting can be inflexible at times, especially when it comes to notes. Office Connect helps to fill that gap, but we would rather use web reporting when we can.
This results in way more value being added to our Partners. Gone are the days of breaking links and passing around multiple templates for input from the business, they know have live information right after it becomes available.
Traning fresh analysts in Adaptive is a much simpler process than going through old excel templates that constantly were changing for business needs. Not to mention if you make a change and want to compare to historical reporting you would need to go and update a file that nobody has touched in months/years.