Workday Adaptive Planning Reviews

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.

We didn't evaluate other products. Adaptive Insights was highly recommended by our consultants.

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.

After researching several CPM products, Adaptive and Prophix actually both met our needs quite well. The Adaptive Sales & Design Team went above and beyond in the early stages of exploring whether Adaptive could meet some of our very specific needs. Adaptive's customer service during the exploration phase was noticeably present. We chose Adaptive and a vendor in our local area to implement. Budget Maestro seemed to require more IT resources than what we desired to invest. Vena Solutions was a bit pricey from our perspective and Xlerant didn't quite have what we were looking for in a budgeting tool.

The only alternative I've used is reporting from Excel and Access. Both are manual procedures that don't stack up to the automation that we get from Adaptive.

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.

N/A

Adaptive has a simplicity of use that allows faster reporting.

The speed and the lack of lag time with Adaptive Insights is amazing. The ease of building and maintaining reports, dashboards, etc. has been wonderful. SAP Business ByDesign has a lot of lag, not user friendly, bulky and no ability to build/modify reports, and many other problems. Adaptive Insights is worlds apart from SAP Business ByDesign.

Adaptive seemed to be the most user-friendly, easy to implement, and cost-effective solution.

We ultimately chose Adaptive Insights as we wanted budget owners to use our budgeting/forecasting tool on a regular basis, and we felt that Adaptive was the most user-friendly for non-finance folks.

I wasn't fully involved in the decision to purchase Adaptive Insights, but there was consideration of using the NetSuite financial planning module instead of going with Adaptive. The largest benefits of using Adaptive Insights were the additional modeling features and the ability to bring in data from any system with relative ease.

I have not used any other products like Adaptive Insights.

N/A

I haven't done any reviews of others so I can't recommend or compare.

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.

Adaptive Insights is better than their competitors because they have better "best practices" implemented, the product has a great interface, it has structure so your model doesn't get too messy, and it works well. It also has great scenario planning, Excel reporting functions, and allows for multiple users to be in the system.

When we were evaluating the software solutions we wanted:
1) A product that would efficiently consolidate our annual budget.
2) Something that would be easily adopted by the entire company.
3) Had built-in audit trails.
4) Had robust reporting capabilities.
5) Had the ability to easily create different scenarios.

Adaptive Insights addressed all of our needs

I am not as well informed on the competition to Adaptive; however, many financial experts that I have talked to within the industry rave about the software. A few team members of mine recently left to work for different companies and have complained to us that the software at their new positions is miles behind Adaptive. The ease of the use and capability Adaptive possesses really distinguishes it from the competition.

We use Domo instead of using the Adaptive Dashboards.

Adaptive stood out because it seemed on the easier end to implement and has a wide customer base (so it is easier to hire people who have used the system before). The total cost of ownership was competitive and scales with the number of seats.

There are no other competitors used that I am familiar with.

I like how easy Essbase is to pull reports - but I think that OfficeConnect fills that gap. When looking at Hyperion vs Adaptive, I think that Adaptive's input is much easier to navigate. I like Adaptive much more. Because input is so much easier, it helps me be in the system more frequently and rely on it more heavily.

Adaptive provided the best solution for the price given how we wanted to deploy the solution. For our size business they appear to the be best in class solution.

Host Analytics appeared to provide the same functionality, but was for a more distributed budgeting and forecasting environment than we use now or for the foreseeable future.

Hyperion was far to expensive to for us to prove out an ROI.