Workday Adaptive Planning
Top Rated
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.
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How Workday Adaptive Planning Differs From Its Competitors
Awards
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Popular Features
View all 45 features- Forecasting (156)9.494%
- Management reporting (161)9.393%
- Financial budgeting (161)9.191%
- Long-term financial planning (151)8.989%
Reviewer Pros & Cons
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Pricing
View all pricingEntry-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
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Product Demos
Active Planning: An Alternative to Static Planning
01:38
Features
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Product Details
- About
- Integrations
- Competitors
- Tech Details
- FAQs
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
- 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
Workday Adaptive Planning Video
Active Planning: An Alternative to Static Planning
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 Forecasting highest, with a score of 9.4.
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
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Reviews and Ratings
(308)
Attribute Ratings
- 7.8Likelihood to Renew
- 8.8Usability
- 7.3Availability
- 9.1Performance
- 8.1Support Rating
- 8.2In-Person Training
- 7.3Online Training
- 9.4Implementation Rating
- 8.2Configurability
- 7.3Contract Terms and Pricing Model
- 7.5Data Sharing and Collaboration
- 7.6Data Sources
- 8.4Ease of integration
- 8.2Product Scalability
- 8.2Professional Services
- 8.2Vendor post-sale
- 6.4Vendor pre-sale
Reviews
(1-25 of 175)- Popular Filters
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December 19, 2022
Workday Adaptive Planning – It’s Versatile!
Score 8 out of 10
Vetted Review
Verified User
- Streamlined planning process.
- Reduced time in reporting through automation.
- The ability to create versions.
December 18, 2022
Forecasting made easy
Score 9 out of 10
Vetted Review
Verified User
- Data traceability
- Save down different versions
- Interface to our consolidation tool for forecast and budget
December 16, 2022
Great product when properly trained
- The budget vs actual report creation time has been dramatically decreased from days to hours.
- The budgets are better known and easily accessed by all groups that have a budget.
- Because of lack of training, there are still manual processes where reports have to exported and manually updated.
- 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.
December 13, 2022
Effective in cost and use but not a panacea
- Positive to help organize info and reducing need for manual integration.
December 13, 2022
A Solid HR, Budgeting and Financial Planning Package All in One
- It helped us streamline several different software packages into one solid platform
- Being that its cloud-based it helped us eliminate the need to upgrade older servers and allowed us to retire them altogether
August 09, 2022
Workday Adaptive Planning at a glance
- Helped in dynamic planning with teams collaboration
- It helped optimized the process around planning across the organization's teams.
August 02, 2022
Adaptive Insights to the rescue
- Budgeting timeline has been reduced significantly. We have achieved this through the ability to more efficiently update the model, as well as the instantaneous ability to roll the various units together during and after reviews.
- Month end reporting has been streamlines, such that we can now push out reports and graphs instantly, rather than having to run them individually, and then re-create graphs and charts
August 01, 2022
Acquire Adaptive!
- This tool has helped the budgeting process making it efficient and effective for all users
- It has helped us to count on fast reports that allow us to make a fast analysis
July 29, 2022
How do you differentiate?
- Standardization in the cloud.
July 29, 2022
Adaptive Insights to the moon
Score 10 out of 10
Vetted Review
Verified User
- The positive impact is how it makes sharing financial information with business leaders much more efficient.
July 29, 2022
Forecasting Replacing Excel Made Easy
- We used Adaptive to replace an Excel based forecast for one of our biggest sales categories. We have multiple outside sales reps that can enter the forecast without having to wait for others to finish.
- This allows us to be more future focused
- The reporting using Microsoft Excel is useful at times but also breaks regularly due to formula errors and updated CoA on the G/L.
- Allows more timely feedback through the system to the users
July 27, 2022
Adaptive Insights is very Intuitive
- Less time checking numbers and more time conducting analyses.
- More accurate and real time reporting.
June 09, 2022
Great Product
Score 9 out of 10
Vetted Review
Verified User
- Time saver
- TOP Product for its service
- Graphic help of the charts
January 09, 2022
Finance
- It is has reduced the time it takes for us to build budget for the FY of the department.
- It has a lot of features that requires a lot of time to learn.
September 21, 2021
Overall Workday Adaptive Planning is an intuitive and flexible cloud based planning tool that should be at the top of the list for consideration.
- Our forecast is more accurate and more flexible. We eliminated our massive excel workbook that had many issues.
- Version control is no longer an issue.
- We saved money in human resources as the model helps automate many processes.
- We are connected to our ERP and CRM, which saves time and makes our model more accurate.
- Automates manual budgeting and planning processes, saving time for the team to work on other tasks.
- Has allowed clients to perform more complex planning models
- We have seen an increased need for additional roles in the organization to help own the maintenance of Workday Adaptive Planning.
- This tool helped us to improve our input and output budgets due to its high usefulness in business planning, giving importance to what is relevant, and identifying the main risk factors of the investment.
- Through its use, the company was able to improve its balance sheets at the end of the month. In the past, more resources were directed to other areas where they were not so necessary and this ended up in losses. That is a situation that no longer occurs with Workday Adaptive Planning.
May 10, 2021
Solid and intuitive planning solution
- The time used for data gathering and consolidation can now be used for data analytics.
May 10, 2021
2021 Workday Adaptive Planning Review
Score 10 out of 10
Vetted Review
Verified User
- Quicker month-end uploads which allows us to focus more on reporting.
- Improved customer sentiment.
- ease of budget planning which allows more time to discuss expected trends.
May 02, 2021
Workday Adaptive Planning Review
Score 10 out of 10
Vetted Review
Verified User
- Return on Investment or ROI I do not manage
- Return on Investment or ROI I do not manage
- Return on Investment or ROI I do not manage
April 29, 2021
Great product that makes my job easier.
Score 10 out of 10
Vetted Review
Verified User
- Allows us to do a detailed forecast with minimal staffing.
- Quicker turnaround time on board reporting
- Increased the number of KPIs we can track.
April 20, 2021
Amazing Portal that help to get all you need in HR related matter in your organization!
- It absolutely reduced the cost of printing & storing physical paperwork.
- Reduce time keeping track of documents that are submitted by staff.
April 16, 2021
Outsanding Solution!
- Positive: We are much more efficient now than previously. The time savings alone, and our ability to focus on insights/analytics using less resources has been a great strength to our company.