Workday Adaptive Planning

Workday Adaptive Planning Reviews

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Ratings and Reviews
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April 16, 2021

Outsanding Solution!

Brad MacDonald | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Trust the expertise of very strong 3rd party implementers. Having deployed Adaptive at a separate company before, I thought I knew it all (hubris, I know). Fortunately, I began to (very quickly) trust the judgment of our Carlson implementation team, and they provided invaluable insights and best-in-class processes that have benefitted me and my team greatly.
Greg Clarke | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Reseller
Review Source
In our experience the Adaptive Suite is quick and easy to deploy.

Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer.

When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget.
December 23, 2015

Adaptive Insights Works!

Bob Katz, CMA, CFM, CFP® | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Although having a set of spreadsheet and workbooks helps to define the logic and processes, preparing a requirements document is also an important element in a successful implementation. In addition, dedicating a knowledgeable user as part of the "Scrum" development allows focus and permits the implementation to proceed without time loss and promotes knowledge transfer. Finally, having an onsite developer speeds the process and can reduce the overall cost as well.
November 16, 2018

Time Saving

Score 10 out of 10
Vetted Review
Verified User
Review Source
Be sure to think everything through before implementing to make sure that you get the most out of Adaptive. FYI-Auto calculations, standard costs, etc.
Rose Sipin | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Implementation was very easy and fast. The ability to customize Levels and Dimensions to match our Organization’s structure and accounting practices is great. Our organization is continually changing and adaptive has the ability to be changed without issue.

Score 9 out of 10
Vetted Review
Verified User
Review Source
I would recommend tackling via an internal team approach, even if this only entails a weekly recap. This can help keep the project moving in the right direction towards achieving the desired end results.
Score 9 out of 10
Vetted Review
Verified User
Review Source
It was very good. The person we worked with from AP was very good. The revenue model they built had a very slick design. There were two choices of implementation – 1) Guided where we would have done most of the work; full; 2) where the vendor did implementation. We chose the full implementation. A consultant from the vendor would go off and do some work, and we would get back together on Webex, then could tweak and make suggestions. It was an iterative process. I recommend the full implementation route. In seminar we went to, I sat next to someone who had done the guided implementation and she wished she hadn’t. You should assign someone to be a project lead on your side. They should be in finance, not IT.

Workday Adaptive Planning Scorecard Summary

Feature Scorecard Summary

BI Standard Reporting (3)
93%
9.3
Pixel Perfect reports (1)
90%
9.0
Customizable dashboards (1)
100%
10.0
Report Formatting Templates (1)
90%
9.0
Ad-hoc Reporting (4)
80%
8.0
Drill-down analysis (1)
90%
9.0
Formatting capabilities (1)
70%
7.0
Integration with R or other statistical packages (1)
80%
8.0
Report sharing and collaboration (1)
80%
8.0
Report Output and Scheduling (3)
80%
8.0
Publish to PDF (1)
80%
8.0
Report Versioning (1)
80%
8.0
Report Delivery Scheduling (1)
80%
8.0
Data Discovery and Visualization (3)
77%
7.7
Pre-built visualization formats (heatmaps, scatter plots etc.) (1)
70%
7.0
Location Analytics / Geographic Visualization (1)
80%
8.0
Predictive Analytics (1)
80%
8.0
Access Control and Security (3)
90%
9.0
Multi-User Support (named login) (1)
90%
9.0
Role-Based Security Model (1)
90%
9.0
Multiple Access Permission Levels (Create, Read, Delete) (1)
90%
9.0
Mobile Capabilities (4)
85%
8.5
Responsive Design for Web Access (1)
80%
8.0
Dedicated iOS Application (1)
80%
8.0
Dedicated Android Application (1)
80%
8.0
Dashboard / Report / Visualization Interactivity on Mobile (1)
100%
10.0
Budgeting, Planning, and Forecasting (5)
89%
8.9
Long-term financial planning (147)
91%
9.1
Financial budgeting (157)
92%
9.2
Forecasting (152)
94%
9.4
Scenario modeling (146)
82%
8.2
Management reporting (157)
85%
8.5
Consolidation and Close (7)
74%
7.4
Financial data consolidation (91)
87%
8.7
Journal entries and reports (59)
76%
7.6
Multi-currency management (70)
67%
6.7
Intercompany Eliminations (51)
70%
7.0
Minority Ownership (27)
70%
7.0
Local and consolidated reporting (84)
79%
7.9
Detailed Audit Trails (105)
67%
6.7
Financial Reporting and Compliance (5)
84%
8.4
Financial Statement Reporting (131)
86%
8.6
Management Reporting (144)
82%
8.2
Excel-based Reporting (143)
88%
8.8
Automated board and financial reporting (124)
84%
8.4
XBRL support for regulatory filing (22)
79%
7.9
Analytics (6)
83%
8.3
Personalized dashboards (102)
80%
8.0
Color-coded scorecards (83)
80%
8.0
KPIs (97)
91%
9.1
Cost and profitability analysis (101)
87%
8.7
Key Performance Indicator setting (85)
85%
8.5
Benchmarking with external data (57)
77%
7.7
Integration (3)
81%
8.1
Flat file integration (106)
82%
8.2
Excel data integration (133)
76%
7.6
Direct links to 3rd-party data sources (101)
83%
8.3

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 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 Pricing

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

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 9.4.

Who uses Workday Adaptive Planning?

The most common users of Workday Adaptive Planning are from Mid-size Companies and the Computer Software industry.