Workday Adaptive Planning

Workday Adaptive Planning

Top Rated
About TrustRadius Scoring
Score 8.2 out of 100
Top Rated
Workday Adaptive Planning

Overview

Recent Reviews

Finance

10 out of 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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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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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

Starting price (does not include set up fee)

  • $15,000 per license

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.

How much does Workday Adaptive Planning cost?

Workday Adaptive Planning starts at $15000.

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 192)
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January 09, 2022

Finance

Fidel Botchway | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Compassion as a Non Profit provides funds to partners for Child Support. Workday Adaptive Planning can help the Partner to Provide the expense information monthly so their fund allocation can be approved for disbursement. This way the Field Officers do not have to collect the data in excel for review and approval before loading it into the current system before disbursement is done.
Score 7 out of 10
Vetted Review
Verified User
Review Source
I dislike that custom or modeled accounts within sheets cannot always be updated for specific versions only. I edited it will apply to all historic versions. It has meant that over time as assumptions and drivers have either changed or been discovered my sheet calculations have been replicated for each version making it difficult to review and know which calculation is feeding the current version. Our team especially loves the Office Connect Excel plug-in for easy reporting and analysis. The interface is intuitive and easy to use. Additionally, the daily integration from our ERP makes monthly close reviews easy.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Thanks to Workday our company now has one solid and robust HR package that governs all things HR in one platform in one cloud-based system. It's very easy to use and navigate and helps individual users all the way up to our top executives manage tasks related to their job easily and efficiently. It effectively helps all employees manage their goals quarterly and provides an excellent tool to receive and give feedback along with assisting managers in reviews of those individuals. From a company-wide perspective, it's been a great budgeting tool and has been extremely helpful with our long-term financial planning and analysis.
Score 8 out of 10
Vetted Review
Verified User
Review Source
Overall I really like [Workday] Adaptive Planning, and I would recommend it. I love the flexibility of the tool, and it's relatively intuitive. I think it is easier to learn than most planning tools which enables you to implement quicker and ramp new users faster. It's relatively easy to add new models or forecasts to the instance, which is nice for growing companies. I have noticed the instance has had some performance degradation as we've grown, so that would be one thing that has been frustrating. Overall I think it's a great tool, though, and I would purchase it again.
Brian Goldrick | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
I think the system has come a long way in the 4+ years we have used it and it continues to get better and better with each update that comes out. I think there are still some areas for improvement (reporting, locking down cells, etc.), but overall I would recommend this to colleagues.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Businesses that are in a pre-IPO or IPO stage. Workday Adaptive Planning is a great add on for any team that is already using Workday Financials or Workday HCM. Teams that have a complex planning process that is very manual in Excel are great candidates for Workday Adaptive Planning.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Workday Adaptive Planning distributes the resources of medium and large companies so that they can be more usable. It is based on business planning through data analysis to help people expand their knowledge and sharpen the effectiveness of scheduled tasks.
James Egan | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
I would say that Workday is great for day to day use by employees as it is a centralised hub where they can access everything that they may of before needed to contact HR for. It may not be suitable for smaller businesses as they may not need it's powerful functionality.
Score 10 out of 10
Vetted Review
Verified User
Review Source
I believe Adaptive Insights is a great solution to make your overall budgeting and planning process more structured, efficient, and less error-prone. The sheets are clean and easy to get started. Version control is a big advantage compared to regular excel files. The workflow planning allows you to assign specific tasks to different users to keep track of your overall budgeting cycles. What we have not implemented yet are more sophisticated predictive models like regression models and/or Monte Carlo simulations. We are still trying to figure out what the possibilities withing Adaptive are.
Krishna Singh | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Customisation of web pages and products - the Robust option enables us to manage many iterations, which we can then compare across multiple platforms with an ability to grow and differentiate, resulting in an expanded feature set of future scenarios.
Computer processing speed - 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.
continuous audit trail - One of the primary advantages of using Change Tracker is the real accountability that is displayed when seeing who has modified which files, which allows for an easy internal controls and auditing.
Marvin Hartsfield | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Workday Adaptive Planning is extremely well suited to the typical finance budget, forecast, actual reporting cycle and makes it easy to do every monthly forecast at the same level of detail as an annual plan. It takes a lot of pain out of the reconciliation of headcount variances and that type of thing.
Tony Phan | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
I would absolutely recommend this to any of my colleagues. In fact, many of them are already using it. It is making HR related things in your organization so easy. From the stage that you are applying for the job (through Workday) to the day that you are onboarding and Workday will keep helping you throughout your journey in the organization that is using it.
Warren Sampson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Workday Adaptive Planning is an extremely flexible foundation to model almost anything. We've found ways to build detailed models that give the planners and management at the company valuable insights into how each department is planning for the future, thus providing management the information they need to shift course if necessary. Generally its reporting is robust but it's not a substitute for Business Intelligence tool.
Score 10 out of 10
Vetted Review
Verified User
Review Source
I have been a user, then an admin, and then implementor of Workday Adaptive Planning. Some people are still stuck in an Excel mindset and can find it cumbersome in the beginning, but once they grasp the logic of Workday Adaptive Planning, they start to appreciate the ease of adding new data, adding new dimensions to slice and dice data better, and generating reports and dashboards super fast. It will make headcount and OPEX variance analysis way easier. You can create all kinds of dashboards for all kinds of audiences (non-finance people, budget owners, board, execs, HR, accounting, etc.). You can even set up separate instances for advanced revenue forecasting and advanced sales commissions planning. Integration with Workday HCM makes the whole headcount recon process a breeze (from a budgeted request to a hired employee). I'd conclude by saying that to get optimal results, advanced training of users and admins is the key.
Score 10 out of 10
Vetted Review
Verified User
Review Source
A great budgeting tool. Once everything is up and running we really only need to add in any incremental changes from the previous year. The reporting tool Office Connect is the best I have ever used. Less appropriate for multi-currency, multi-entity organizations and there needs to be an easier way to receive user inputs.
March 11, 2021

Great planning tool!

Score 9 out of 10
Vetted Review
Verified User
Review Source
Adaptive is a fantastic tool for any company still in spreadsheets. The transition to the cloud is made easy by Adaptive and the time to value is relatively low. The real value becomes apparent once the foundational model is set and you build incremental, linked models in the cloud. Real-time updates will impact various parts of your financial forecast and the forecast cycle is greatly shortened. Adaptive is not as suited for big data models at this time but is making progress in supporting this type of forecasting.
Score 9 out of 10
Vetted Review
Verified User
Review Source
It's very well suited for almost any company - because it's like Excel you can create any model you like - the only caveat is you should know what you want very clearly - it's very dynamic.
The only place I would say it need work is the restatement of actuals - it changes any locked version using actuals as the overlay.
Dmitry Zaichenko, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Workday Adaptive Planning is great for both top down and bottoms up planning. We are also able to set the time level granularity as well as GL account level to which we plan and roll up actuals for comparison. We use Workday Adaptive Planning for headcount, P&L, Cash Flow, BS and Dashboards along with all monthly, quarterly and yearly reporting.
October 13, 2020

Adaptive Insights Review

Score 9 out of 10
Vetted Review
Verified User
Review Source
Adaptive is great if you have been using Excel models as a small company, and you're looking for a software to help build financial models that can more easily grow with your company. It might not be the best option if you are an extremely large corporation as we've discovered that it can slow down substantially if sheets have too many rows. For example, if you are a company with several thousand employees, I don't think Adaptive is currently robust enough to support all of your data and planning.