Workday Adaptive Planning Review
We use Workday Adaptive Planning mostly for our monthly and annual P/L planning. Recently, we started using model sheets for Capex cash …
Workday Adaptive Planning
Workday Adaptive Planning
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.
Recent Reviews
Adaptive Planning, a key cog in a well run business
We use Adaptive Planning on a daily basis as a key function of my job. We utilize Adaptive for personnel planning, product P&Ls, …
Solid and intuitive planning solution
We purchased Adaptive Insights three months ago and are currently still in the implementation phase. We have our PnL currently up and …
Adaptive review from a national nonprofit
We use Adaptive across the entire organization, which includes 5 major departments and 85 business units/chapters. We plan each year in …
Effective in cost and use but not a panacea
I use Workday Adaptive Planning to help understand our spend across the company by GL code as reported via Netsute. Though not perfect, …
Workday Adaptive Planning in conjunction with Intacct accounting
Workday Adaptive Planning is being used by our entire company. The admins of the system are on the financial planning and analysis team. …
Workday Adaptive Planning – It’s Versatile!
10 out of 10
February 26, 2024
We use Workday Adaptive Planning for budget and forecast planning, reporting (utilizing both web and office connect excel reports), and …
Workday FINS and Adaptive simultaneous implementation, 3 years on
Our company's core financial forecasting is done in Adaptive, integrated with our Workday FINS platform for our GL. Adaptive is the key …
Excellent Planning and Analytics Tool.
We use Workday Adaptive Planning for our budgets and forecasts that end up back in Workday Finance. We also integrate Actuals from Workday …
Adaptive Rocks at Workfront!
Adaptive is being used across the entire company as our budget software. We also use it to generate some operational metrics, and are …
CareStar recommends Adaptive Insights for reporting and dashboards
We use it for financial statements, budgeting, forecasting, and other operational reporting. We also use the dashboard for both financial …
Workday Adaptive Planning unlocks financial management
Workday Adaptive Planning is used to plan and maintain financial forecasts and spending during ongoing R&D projects. It is kept up to date …
Adaptive Insights - Effectively manage actual data and budget data
As an organization that represents over 230,000 members, we are using Adaptive Insights to generate reports that provide transactions and …
Best tool for FP&A, easy to use, helpful for budgeting and planning
We were capable to onboard departmental budgets accessible to users on the cloud instead of using the excel sheets. We able to extend our …
Adaptive forecast creation !!!
10 out of 10
March 29, 2023
Adaptive is our main tool to prepare/review and analysis our final figures between Actual/Currently scenario vs Budget vs Outlook
How Workday Adaptive Planning Differs From Its Competitors
Workday Adaptive Planning AI Tools
We have reviewed the tools, it is still in infancy stage, not yet applicable to us until we better understand the capabilities.
Workday Adaptive Planning Data Driven
Yes, we recently acquired a small number of plants and it was very easy to train new users and add new levels to the current version.
Workday Adaptive Planning Data Driven
We have fully integrated Adaptive into our business processes. Our entire budgeting process is now housed in Adaptive, which also allows us to easily adjust the model to create up-to-date forecasts.
Workday Adaptive Planning Data Driven
Streamlined the planning process across 80 units - and provides real time updates to their plans year round.
Reporting
We already had real-time reports from our cloud-based accounting system, but their reporting system doesn't have the flexibility the Adaptive has, which is the major reason I purchased Adaptive. Complaints about our reports have stopped. I now get compliments on how easy and useful Adaptive is. I …
Role Impact
Moving to Adaptive's real time reporting has freed up 1 week per month that we used to spend preparing 85 unit P&L reports. That's 3 months of time per year freed up to spend on more strategic issues.
Workday Adaptive Planning Data Driven
Workday Adaptive Planning capabilities has impacted my organization's business processes mainly as a result from gaining visibility into previous years' spend in given GL codes which I can then use to revisit stakeholders on what spend may or may not be needed into the new year during year end …
Company-Wide Alignment
We were able to implement a company wide requirement to answer any questions related to variances directly within the Adaptive platform for ease of use by budget owners as well as the FP&A department. Additionally, we were able to use Office Connect to build out reports and analytics for our board …
Continuous Planning
Adaptive made our planning process much more automated as well as easy to use. Budget owners are able to see expenses against their budgets in real time as we have our accounting ERP directly connected. The ability to directly input comments related to variances has streamlined the monthly review …
Cloud Transition
Previously, we were utilizing spreadsheets to perform our annual budget. Utilizing Adaptive Planning has vastly streamlined our old process of using excel only and limited the chances of user errors.
Workday Adaptive Planning AI Tools
I have not used these tools in depth. AI and ML are two areas that Workday is focusing a lot on in the past releases of new functionality. I think our organization will start to use them in the near future. We expect that the tools will help catch errors and improve our review.
Workday Adaptive Planning Data Driven
Workday Adaptive Planning is centrally used in FP&A at this time. Therefore it hasn't hit many business processes outside of finance. As it relates to finance, Adaptive has helped improve processes around inputting data and reporting on that data efficiently for both budgets and forecasts. The …
Company-Wide Alignment
We focus on a centralized planning team, so others outside of finance don't use Adaptive. I believe Adaptive has great tools to allow enterprise-wide planning, but I can't speak on how well it works. The tools we use for workforce, revenue, and operational planning do work really well for our …
Continuous Planning
We perform a monthly reforecast using Adaptive and it works well for our strategy. We generate the forecast using different types of sheets and at times use planning dashboards to streamline that process. We are then able to publish the plans to workday to allow those forecasts to reach the …
Cloud Transition
We used Miscrosoft Excel prior to Adaptive Planning. The transition has improved our processes massively. We're able to plan TOGETHER instead of in silos. This makes it easier to communicate on the same page. The reporting functionality has been hugely impacted as well. It takes a matter of …
Workday Adaptive Planning Data Driven
We have business line leaders that are more accountable and more aware of their unit P&L than they used to be. We have really built an effective management and accountability practice, and the associated reporting, on the backbone of Adaptive planning, and its integration with our Workday GL. …
Workday Adaptive Planning Data Driven
We are collaborating with multiple departments to automatically integrate their data into Adaptive to enhance our budgeting processes. This requires some process changes, but it lets the data owners know they are the source of the data in Adaptive instead of them wondering where we got their data …
Workday Adaptive Planning Data Driven
It is used only within one section of a large comapny. It would not be possible to estimate this unless it would be rolled out company wide. But for our department it indicators have been positive with Workday Adaptive Planning . I'm not aware of plans to role it out company wide.
Workday Adaptive Planning Data Driven
Adaptive has greatly improved Planning Optimization. The integration is
working seamlessly with previous software we used.
Workday Adaptive Planning Data Driven
It is very powerful when it comes to data analysis, constructions of financial models and long term planning for an organizational growth and it helped us to save cost, project better plans and were capable enough to provide significant KPIs result based on which we were able to increase our …
Workday Adaptive Planning Data Driven
It was a very useful to understand and analyze the actual figures Vs forecast or budget data. Mainly drive to understand and see the projections
Workday Adaptive Planning Data Driven
Yes, it has provides a more streamlined and automated approach to business processes as it ensures structured planning, sharing of deep business critical insights. It allows various financial and non-financial users to collaborate and be involved in planning process, support operations and sales …
Company-Wide Alignment
It helped us significantly reduce the different types of software and platforms we used to run many aspects of our business in the past. It's nice having all these features and areas of the business under one roof finally.
Continuous Planning
This has helped us see into the future more than ever before. We continue to incorporate more and more of our organization into Workday. From goal planning throughout the year and year after year for the entire company to recognizing great performance and bringing all our benefits into one place …
Cloud Transition
We've transitioned several on-prem solutions to Workdays cloud based solution which has helped us achieve our overall goal of shutting down data centers that we no longer need as we transition many aspects of our business to the cloud.
Workday Adaptive Planning Data Driven
We use Adaptive Planning as a source of truth for headcount planning. We store all of our personnel information, historical, terminated employees, and also budgeted headcount that carries over every month. Recruiters rely on the stored information for headcount planning. Overall, headcount …
Workday Adaptive Planning Data Driven
It helped the organization with data governance. It ensured the data was clean and conformed to the requirements. This allowed the team to focus on the reports and discussing the data instead of cleaning it. It made the company have data to make better decisions and understand what impact …
Workday Adaptive Planning Data Driven
Both increased the speed to report and model as well as the accuracy. The major lift is getting the model set up in the first place. The maintenance of the model is relatively straightforward thereafter.
Workday Adaptive Planning Data Driven
We already have Workday in the organization and integration of adaptive planning helped improve the over all experience of doing financial planning and forecasting. It helped us in streamlining our planning process and improved the reporting and SLAs.
Workday Adaptive Planning Data Driven
We are still spending and are forced to spend an inordinate amount of time structuring and cleansing data so that it can be ingested
Workday Adaptive Planning Data Driven
The workflow process in the system allows for seemless submission and approval process of submitting plans within the system
Reporting
Adaptive has improved our reporting and analysis ten fold due taking many manual spreadsheets and automating monthly reporting and analysis. During our budget development we have been able to utilize what-if analysis to determine the impact of eliminating programs/activities during budget …
Role Impact
The biggest impact for me individually has been spending significantly less time assisting end-users with budget inputs and more time analyzing the data that has been input. Additionally, the response time of Adaptive is great as we have had no system outages. Our previous system was very slow and …
Reporting
The ease of reporting is probably the biggest time saver for our department. The ability to streamline line reporting has been phenomenal. Our CEO will say it use to take the previous FP&A team 2 days to turn around a request of mine and now it takes you team 10 minutes.
Role Impact
The amount of time it has freed up for myself and the team has been invaluable. We have been able to be more strategic to the rest of the organization. It has also allowed us to be flexible and nimble.
Reporting
Since implementing Adaptive Insights, we cut 5 days from our month-end reporting cycle! We are also able to provide intuitive dashboards in real-time to our executives. We recently created a quick what-if analysis in Adaptive Insights we otherwise would not have been able to do in Excel. Adaptive …
Role Impact
Since implementing Adaptive Insights, I have been able to spend more time on strategic analysis, creating longer-term forecasts, cash flow modeling, and capital expenditure forecasting to name a few. It saves a significant amount of time for month-end reporting.
Reporting
We have experienced fast reporting cycles, as mentioned previously, we have shortened our close schedule by a day or two in terms of the time it takes to complete the work. We are able to access "live" data much faster than before. We also have created KPI's/dashboards to report to senior …
Role Impact
It has made the month-end process and budgeting cycles much more efficient which has allowed me to focus on other tasks/projects that my position exposes me to.
Role Impact
I have much more time for decision making on the analysis instead of compiling the analysis
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)8.383%
Reviewer Pros & Cons
Verified User
Director in Finance and Accounting
Construction Company, 5001-10,000 employees
Verified User
Manager in Finance and Accounting
Hospital & Health Care Company, 201-500 employees
Pricing
N/A
Unavailable
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://forms.workday.com/en…
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Would you like us to let the vendor know that you want pricing?
57 people also want pricing
Alternatives Pricing
What is Kepion Planning?
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.
9.3
Avg 8.0
- 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.
8
Avg 8.3
- 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.
8
Avg 8.2
- 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.
7.7
Avg 7.6
- 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.
9
Avg 8.7
- 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.
8.5
Avg 8.0
- 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
8.7
Avg 8.3
- 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.
- 8.3Management 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.
7.6
Avg 8.0
- 7.8Financial data consolidation(105) Ratings
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
- 7.8Journal entries and reports(67) Ratings
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
- 6.7Multi-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
8.5
Avg 8.2
- 8.6Financial 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.
- 8.7XBRL 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
7.7
Avg 8.0
- 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.
8.3
Avg 8.3
- 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?
Everybody plans, and strategic planning is a crucial process for every business. This business planning software enables teams to create budgets, forecasts, and models in less time and with greater accuracy, so that the team can focus on analysis and strategy. Having up to date, reliable data, teams can focus on the story behind the numbers, and can improve business decisions and collaboration. Additionally, Workday Adaptive Planning and Consolidation delivers a unified solution that enables Accounting and Finance to accelerate the close, increase planning agility and drive faster, more informed decisions. The software was ranked a leader in Gartner's Cloud Planning and Analysis quadrant.
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(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.
Reviewers rate Financial budgeting highest, with a score of 9.
The most common users of Workday Adaptive Planning are from Mid-sized Companies (51-1,000 employees).
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
Compare with
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
(1-2 of 2)Companies can't remove reviews or game the system. Here's why
Verified User
Director in Finance and Accounting
Internet Company, 201-500 employees
We are using Adaptive as our system of record planning and reporting application. The FP&A team is the primary editor of information, but read-only information is widely consumed across the org.
- 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).
Adaptive is great for lining up multiple version (variance analysis) and a nice mix of structure and flexibility. We still maintain some more complex models outside of the system in Excel and application scripts like cohort models.
74%
7.4
- Long-term financial planning
- 70%7.0
- Financial budgeting
- 80%8.0
- Forecasting
- 80%8.0
- Scenario modeling
- 50%5.0
- Management reporting
- 90%9.0
63.33333333333333%
6.3
- Financial data consolidation
- 80%8.0
- Multi-currency management
- 80%8.0
- Intercompany Eliminations
- N/AN/A
- Minority Ownership
- 50%5.0
- Local and consolidated reporting
- 80%8.0
- Detailed Audit Trails
- 90%9.0
92.5%
9.3
- Financial Statement Reporting
- 90%9.0
- Management Reporting
- 90%9.0
- Excel-based Reporting
- 100%10.0
- Automated board and financial reporting
- 90%9.0
46.66666666666667%
4.7
- Personalized dashboards
- 100%10.0
- Color-coded scorecards
- 90%9.0
- KPIs
- 90%9.0
- Cost and profitability analysis
- N/AN/A
- Key Performance Indicator setting
- N/AN/A
- Benchmarking with external data
- N/AN/A
90%
9.0
- Flat file integration
- 90%9.0
- Excel data integration
- 90%9.0
- Direct links to 3rd-party data sources
- 90%9.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
- Reduced our FTE needs by two.
- Instilled trust in the numbers across the org by providing a highly available, cloud-based access to the system. No more emailing reports.
Both increased the speed to report and model as well as the accuracy. The major lift is getting the model set up in the first place. The maintenance of the model is relatively straightforward thereafter.
For non admins, the experience is fairly similar to Excel. The formula builder and documentation makes it easy for power users.
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.
50
Broad use in Finance and Accounting. Executive and P&L owners consume information via reports and dashboards.
4
3 person FP&A team and 1 business systems person.
- Management reporting
- Long range planning
- Budgeting
- Headcount reporting
- Attrition reporting
- Sales planning model
- Adhoc modeling
- Distributed planning
- Headcount management
We will evaluate other tools that are newer but will likely renew.
No
- Product Features
- Product Usability
- Product Reputation
The product feature set needed to uplevel our prior Excel models.
We would evaluate other newer tools on the market that are aimed at SMB orgs.
- Third-party professional services
Alight Carlson
No
Change management was minimal
Clean chart of accounts and dimension structure is key for a smooth transition of accounting and operational data into the system.
- Currency conversion
- Choosing sheet types
- Learning syntax of new system
Planning is key. And, it is very important to think about the system you want, not just a porting over of a legacy model/process.
- Online Training
Had both synchronous and asynchronous content. This allowed our users to learn according to the styles that fit their personality the best.
The right amount of structure for us. It comes as a blank database so it is very customizable, almost to its fault.
Try and build for the new system and not recreate the Excel models that you already have.
Some - we have done small customizations to the interface
We added our logo and custom color palette.
No - we have not done any custom code
Amazing support. Very responsive and quick to resolve. There is also a strong network of consultants.
No we didn’t. It wasn’t an option at our renewal.
No
We recently needed urgent help with a model restore and the team resolved in the same day.
- Reporting
- Integration set up
- Permissions
- Actualizing data
- Provisioning accounts
- Changes to the level structure
No
I don’t foresee us outgrowing this tool at any point in time.
Their support downtime can be inconvenient. About 1 hour per week.
- Salesforce
- Workday
- AWS
Two way connections for the CRM which is great. It was moderate lift to get set up and relatively easy to maintain.
They have good native and API based connections so you aren’t limited by native connections.
- File import/export
- Single Signon
- API (e.g. SOAP or REST)
The best integration provider we’ve seen in the planning tool market. Great mapping interface.
Have the ability to manage connections without IT involvement.
Being part of the Workday company now has been frustrating with the higher prices and relentless cross selling.
Support and sales are very responsive.
This is now available in house at Workday which is convenient.
Price by license count.
Good read only seat access
Yes
No disruption through any of their semi annual upgrades.
- Expanded feature set.
- They don’t announce in advance
No
No
May 23, 2016
Adaptive Insights
F&A Department Manager
Yamaha Motor Manufacturing Company (Consumer Goods, 1001-5000 employees)
Score 10 out of 10
Vetted Review
Verified User
We were tasked to automate our budget and planning process. A cross functional group decided on Adaptive and we use it for our budget forecasting and reporting throughout our company. Adaptive has exceeded our expectations and continues to meet our requirements.
- Ease of implementation
- Ease of use
- Easily maintained
- Cutting edge
- Improves accuracy and timeliness of the planning process
- We are happy with our selection
100%
10.0
- Long-term financial planning
- 100%10.0
- Financial budgeting
- 100%10.0
- Forecasting
- 100%10.0
- Scenario modeling
- 100%10.0
- Management reporting
- 100%10.0
N/A
N/A
- Financial data consolidation
- N/AN/A
- Journal entries and reports
- N/AN/A
- Multi-currency management
- N/AN/A
- Intercompany Eliminations
- N/AN/A
- Minority Ownership
- N/AN/A
- Local and consolidated reporting
- N/AN/A
- Detailed Audit Trails
- N/AN/A
80%
8.0
- Financial Statement Reporting
- 100%10.0
- Management Reporting
- 100%10.0
- Excel-based Reporting
- 100%10.0
- Automated board and financial reporting
- 100%10.0
- XBRL support for regulatory filing
- N/AN/A
83.33333333333334%
8.3
- Personalized dashboards
- 100%10.0
- Color-coded scorecards
- 100%10.0
- KPIs
- 100%10.0
- Cost and profitability analysis
- 100%10.0
- Key Performance Indicator setting
- 100%10.0
- Benchmarking with external data
- N/AN/A
100%
10.0
- Flat file integration
- 100%10.0
- Excel data integration
- 100%10.0
- Direct links to 3rd-party data sources
- 100%10.0
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
- We achieved our planned ROI
- Continues to add value to our organization
- We continue to improve our use of the software features
- SAP
We used a hybrid system part manual and part SAP which was slow and error prone. We implemented Adaptive and resolved these issues.
ADP eTime
55
All functions in the company
5
Detailed oriented and attentive
- Budget
- Forecasting
- Reporting
- Strategic Planning
- Uploading bill of materials
- Automating our processes
- Automating our reporting
- We have expanded our use of Adaptive every year
- Adding instances
- Adding functionality
We are extremely satisfied with Adaptive.
No
Adaptive was a new purchase for our company which replaced a hybrid manual and SAP budgeting process. Adaptive provided accuracy improvement along with workflow which we did not have with our previous process. As part of our MBO process we were challenged to automate and improve our antiquated budget process. Adaptive provided a solution that was easily implemented and adopted by management and is an important tool for our business.
- Price
- Product Features
- Product Usability
- Analyst Reports
We needed to make sure our solution met our needs and Adaptive nailed it. Price value and functionality from Adaptive and the commitment from Adaptive during the implementation provided assurance and confidence that we made the right decision.
No we would still choose Adaptive and would not change anything. We did our due diligence reviewing various third party providers along with in house solutions and improving our existing budget and planning process. When the dust settled we decided on Adaptive and are very satisfied with our decision.
- Professional services company
Our implementation was outsourced and the brought in house by Adaptive to assure we were implemented on time and within budget.
No
We went live in two months and had to restart our implementation process separating our model into two instances. We had one phase to our implementation focusing on the P&L then the balance sheet.
Change management was minimal
Not applicable to our implementation
- System response
- Unfamiliar with manufacturing
- Our business requirements
Our implementation was non eventful and we were very satisfied with the overall experience.
- Self-taught
This depends on the level of talent in the finance organization. We are a small group of experienced analysts with higher than average computer skills, so this approach was really effective for us. Adaptive is very intuitive and easy to learn and implement. Recommending this requires knowledge of the staff and implementation group.
If you can do it in Excel you can do it in Adaptive.
No - we have not done any customization to the interface
NA
Yes - we have added extensive custom code
Most of our formulas are custom and we were able to work with Adaptive to achieve the desired results.
Yes
If it's needed to satisfy our requirements and we can not figure out a solution by ourselves we would pay for premium support. The main reason is due to our past experiences with Adaptive's support and the solutions that were provided. We have established mutually beneficial relationship that provides continual process improvements to our model.
We are happy with their support and product development road map. Adaptive is the leader and provides a cutting edge solution for the planning process with continual updates that are implemented and work without issues.
Yes
During our implementation and when we are improving our model we found and reported issues with the software and they were well received and acted upon immediately and the fix was implemented.Adaptive listens to it's customers and users at every level.
When we were implementing we experienced slow system response and Adaptive got the engineers involved and resolved our issues at their expense. Their commitment during our implementation exceeded our expectations. They didn't sell us prior to our purchase, they sold us during the implementation and many times afterwards when we looked to improve our model.
- Reporting
- Sheet design
- Workflow
- Until you learn it formulas can a little difficult
Yes
Very well
We are very satisfied with Adaptive
Adaptive is the leader and is very progressive with the product improvements that they provide.
We have not experienced issues when we are accessing the system.
Adaptive is very scalable and we haven't experienced any negative issues.
- File import/export
We import and export data with relative ease.
Yes
Every time we improved our model we were extremely pleased with the process and support from Adaptive.
No
No