Workday Adaptive Planning

Workday Adaptive Planning

Customer Verified
Top Rated
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Score 8.2 out of 100
Top Rated
Workday Adaptive Planning

Overview

Recent Reviews

Great product when properly trained

10
January 12, 2022
I use Adaptive Insights for mainly budgeting purposes and running monthly budget vs actual reports. It has helped the company dramatically …
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Finance

10
January 09, 2022
I use Workday Adaptive Planning to track the budget and account for business expenses. From the time I started using Workday Adaptive …
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Solid and intuitive planning solution

10
May 10, 2021
We purchased Adaptive Insights three months ago and are currently still in the implementation phase. We have our PnL currently up and …
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Reviewer Sentiment

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Awards

TrustRadius Award Top Rated 2022
TrustRadius Award Top Rated 2021
TrustRadius Award Top Rated 2020

Popular Features

View all 45 features

Forecasting (154)

9.3
93%

Financial budgeting (159)

9.0
90%

Long-term financial planning (149)

8.7
87%

Management reporting (159)

8.7
87%

Reviewer Pros & Cons

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Video Reviews

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Pricing

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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
For the latest information on pricing, visithttps://www.adaptiveplanning.com

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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Alternatives Pricing

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What is SAP Analytics Cloud?

The SAP Analytics Cloud solution combines BI, augmented and predictive analytics, and planning capabilities into one cloud environment. As the analytics layer of SAP’s Business Technology Platform, it supports advanced analytics enterprise-wide.

Features Scorecard

BI Standard Reporting

9.3
93%

Ad-hoc Reporting

8.0
80%

Report Output and Scheduling

8.0
80%

Data Discovery and Visualization

7.7
77%

Access Control and Security

9.0
90%

Mobile Capabilities

8.5
85%

Budgeting, Planning, and Forecasting

8.8
88%

Consolidation and Close

7.7
77%

Financial Reporting and Compliance

8.4
84%

Analytics and Reporting

8.3
83%

Integration

8.1
81%

Product Details

What is Workday Adaptive Planning?

Workday Adaptive Planning aims to power a new generation of business planning, and drive business agility in a fast-moving world. The Workday Adaptive Planning Business Planning Cloud offers modeling capabilities for organizations of any size, and helps users to collaborate, gain insights, and make smarter decisions faster.

The vendor states that more than 3,800 organizations across 50-plus countries use Workday Adaptive Planning, and boasting its ease of use, they state that Workday Adaptive Planning 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 Planning helps mid-size & enterprise organizations’ leaders better manage their business:
  • Adaptive Planning 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
  • Integration with Salesforce.com, NetSuite, Intacct, & MS Dynamics

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

Adaptive Planning balance sheets.Adaptive Discovery visuals.Adaptive Planning expense variance analysis report.Adaptive Discovery visuals with drill-down capabilities.Adaptive Planning in-sheet visualizations (waterfall chart)Use sparklines to visualize trends and make adjustments visuallyBuilt-in audit trail and cell explorer will let you see the source and history of any metric, assumption or formula

Workday Adaptive Planning 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.

Workday Adaptive Planning Integrations

Workday Adaptive Planning Competitors

Workday Adaptive Planning Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)0%
Mid-Size Companies (51-500 employees)60%
Enterprises (more than 500 employees)40%

Workday Adaptive Planning Technical Details

Deployment TypesSaaS
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android, Windows Phone, Mobile Web
Supported CountriesUnited States, Canada, United Kingdom, Ireland, Australia, New Zealand, and many more!
Supported LanguagesEnglish, Spanish, French, Japanese, Portuguese (Brazilian), Russian, Polish, Dutch

Comparisons

View all alternatives

Frequently Asked Questions

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.

What are Workday Adaptive Planning's top competitors?

Vena, Longview Plan, and Prophix are common alternatives for Workday Adaptive Planning.

What is Workday Adaptive Planning's best feature?

Reviewers rate Forecasting highest, with a score of 9.3.

Who uses Workday Adaptive Planning?

The most common users of Workday Adaptive Planning are from Mid-sized Companies (51-1,000 employees) and the Computer Software industry.

Reviews

(1-25 of 143)
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January 09, 2022

Finance

Fidel Botchway | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Workday became our choice because it is fully web-based and easily integrates with other systems. The learning curve for Workday was shorter than that of Dynamics. The reporting tools in Workday are more user-friendly than that of Dynamics. However Workday did not have Check Printing tools which are available in Dynamics. The organization started a project to digitize all financial transactions so it was not a priority feature. When it comes to scaling up the functionalities of Workday it was much easier than Dynamics.
Score 7 out of 10
Vetted Review
Verified User
Review Source
Workday Adaptive Planning has transformed the FP&A function in my company allowed me to establish my team as a center of and reporting to support business excellence. The Workday implementation team that helped us implement the tool listened and understood the problems we wanted to analytical problems easily.
Score 8 out of 10
Vetted Review
Verified User
Review Source
The main thing that sets [Workday] Adaptive [Planning] apart is the fact that it is a cloud based software, user friendly, and allows you to add to or change the model relatively easily. Hyperion is a good tool also but there is more flexibility with [Workday] Adaptive [Planning], and it feels more intuitive.
Brian Goldrick | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Workday is the only software system (outside of Excel) that has been used by Vera to do our planning and analysis. We have just opted to move to Workday Adaptive Planning for our accounting system, payroll, and supply chain with the hopes that it will make our planning that much better and more precise.
Score 10 out of 10
Vetted Review
Verified User
Review Source
All of the systems have their own unique strengths and weaknesses. Workday Adaptive Planning as a system is further along in overall functionality and is a more user-friendly system compared to other EPM systems on the market.
Marvin Hartsfield | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We did some analysis of Anaplan, but it seemed they were built for much bigger companies. It did not seem like we could implement and maintain Anaplan without significant IT support, which was one of the main goals of the project. Anaplan did seem like it could have more capabilities, but the amount of work we would have to do to successfully set up and maintain the system seemed extensive and hard to achieve.
Tony Phan | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Google Workspace (formerly G Suite)
Workday is much more formal and truly feels like a useful portal for you to get information. In term of getting information, working on HR related matters, I have not found any other software that is as useful as Workday. This will absolutely reduce your cost of operating activities in HR and cost of storing physical documents.
April 16, 2021

Outsanding Solution!

Brad MacDonald | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Adaptive is much more flexible and powerful for our needs. It provides a wealth of reporting tools and capabilities that Cognos simply didn't or couldn't provide. The ability to have a team of one completely implement and manage the solution for a company is not unreasonable (as I'm currently doing this). Based on my previous experience, that would probably not be the case with other solutions.
Warren Sampson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
The only alternative we looked at was BI360, and there really is no comparison. The choice was easy to go with Adaptive. We strongly wanted to move away from working with Excel spreadsheets, which was apparently a selling point of BI360. It was clear to us that the stability of the platform, and the ability to plan in real-time with others working in the same sheets was much stronger in Adaptive.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We were using Oracle EPBCS prior to Adaptive and it sucked. It always broke when we were in crunch mode and Oracle support was lousy. I have used other home grown systems which worked well for the industry we were in. I feel the Workday Adaptive Planning is spot on for budgets/forecasts planning. We are currently working on Dashboards for the Executive team (not rolled out yet) and streamlining the board reports.
March 11, 2021

Great planning tool!

Score 9 out of 10
Vetted Review
Verified User
Review Source
Adaptive planning was selected for a different use case of financial planning and management reporting to which is lives up to expectations. We are pleased with Workday's commitment to expand the product offering as the demands of the business continue to grow.
Dmitry Zaichenko, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Ease of use for all levels, allocation rule management, report creating and distribution, refined level of detail if needed. Support was in the same time zone and implementation partners were very good to work with. Overall, we started with 16 potential vendors and narrowed down to top 3, and Workday Adaptive Planning came out on top!
February 07, 2020

Adaptive Insights

Jennifer Bradshaw | TrustRadius Reviewer
Score 5 out of 10
Vetted Review
Verified User
Review Source
I have either used Excel or budgeting tools within the accounting software packages. Excel can be tricky and error-prone due to formulas, but they are customizable, and you can adjust things on the fly. Accounting software budgeting tools are usually minimal and are not user-friendly when working with department heads. They are not visually appealing, and that can turn off end users.
Score 9 out of 10
Vetted Review
Verified User
Review Source
I've primarily used Oracle Hyperion Enterprise Performance Management in the past and Adaptive Insights stacks up favorably against them. Hyperion is not nearly as intuitive, frequently requires a consultant or programmer to do anything outside of customized reporting, and is much more cost-effective both with the implementation but also the ongoing expense.
Brandon Gappa | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We looked at essentially three different products. Essbase (Current), Adaptive Insights, and Anaplan. We knew that Essbase wasn't the right solution for our business with historical experience, it was too difficult to forecast at the detailed business unit, department, and account-level accurately.

We ultimately chose Adaptive over Anaplan because of its UI is much simpler for new users. Anaplan seemed like it had the ability to be more flexible, but at the cost of User Experience. It had a larger learning curve and was more technical from a planning standpoint. We did not want to feel self-reliant on consultants constantly. With Adaptive we didn't have that fear. We could pick it up easier and starting using its pre-built structure right away. I think we made the right choice, I was the only analyst on the team at the time of integration and I was able as a new user to be completely independent on the day to day tasks. We only needed help from our Consultant partners for larger projects, and even then I was able to reverse engineers a lot of it to fit our other needs.