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.
Adaptive Planning, a key cog in a well run business
Solid and intuitive planning solution
Adaptive review from a national nonprofit
Effective in cost and use but not a panacea
Workday Adaptive Planning in conjunction with Intacct accounting
Workday Adaptive Planning – It’s Versatile!
Workday FINS and Adaptive simultaneous implementation, 3 years on
Excellent Planning and Analytics Tool.
Adaptive Rocks at Workfront!
CareStar recommends Adaptive Insights for reporting and dashboards
Workday Adaptive Planning unlocks financial management
Adaptive Insights - Effectively manage actual data and budget data
Best tool for FP&A, easy to use, helpful for budgeting and planning
Adaptive forecast creation !!!
How Workday Adaptive Planning Differs From Its Competitors
Workday Adaptive Planning AI Tools
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Reporting
Role Impact
Workday Adaptive Planning Data Driven
Company-Wide Alignment
Continuous Planning
Cloud Transition
Workday Adaptive Planning AI Tools
Workday Adaptive Planning Data Driven
Company-Wide Alignment
Continuous Planning
Cloud Transition
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Company-Wide Alignment
Continuous Planning
Cloud Transition
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Workday Adaptive Planning Data Driven
Reporting
Role Impact
Reporting
Role Impact
Reporting
Role Impact
Reporting
Role Impact
Role Impact
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
Pricing
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
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Alternatives Pricing
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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…
Features
BI Standard Reporting
Standard reporting means pre-built or canned reports available to users without having to create them.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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
- 8.5Long-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.
- 7.8Financial 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
- 8.6Financial 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
- 7.1Personalized 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.
- 8.8Flat 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?
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 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
(338)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
(1-25 of 184)Workday Adaptive Planning Review
- Definitely a time saver
- Improves accuracy due to version control
Adaptive Planning, a key cog in a well run business
- Adaptive has made my life so much easier and has had an incredibly positive impact on my work life
- I will always use Adaptive over NetSuite when pulling data or trying to model out information
- Adaptive allows me to model out complex scenarios with ease
Solid and intuitive planning solution
- The time used for data gathering and consolidation can now be used for data analytics.
Adaptive review from a national nonprofit
- We've completely eliminated Excel in the budget cycle. I no longer have to consolidate 90 spreadsheets to get the organizational budget. Last minute changes are saved in Adaptive. With the audit feature, I can know who made what change and whether or not it was approved at the top level.
- KPI dashboards have lowered expenses as users have real-time information on their expense ratio for major events. We've been able to lower costs, increase gross revenue and net revenue all at the same time.
Effective in cost and use but not a panacea
- Positive to help organize info and reducing need for manual integration.
- Prevents me from having to collate raw data from AP
- Avoids total lack of spend visibility
- 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
Workday Adaptive Planning – It’s Versatile!
- Streamlined planning process.
- Reduced time in reporting through automation.
- The ability to create versions.
Workday FINS and Adaptive simultaneous implementation, 3 years on
- We very clear view into the P&L and trustworthy analytics to support it. Staying on top of the environmental changes in the last 3 years would have been much harder without it.
Excellent Planning and Analytics Tool.
- Budgets take days instead of months to create.
- Constant forecasting was a possibility when it wasn't before.
- Drilling into the data and finding variances is much easier.
Adaptive Rocks at Workfront!
- We are seeing more and more how Adaptive can go beyond financial metrics and cross into operational metrics. As we work with other departments in the business, we are working hard to make Adaptive the system of record when it comes to KPI reporting and measuring.
CareStar recommends Adaptive Insights for reporting and dashboards
- Cycle time for processing financial statements, budgets, and forecasts are greatly reduced.
- Visibility of company metrics and drivers has been increased across the company.
- The ease and ability to quickly create multiple forecasts using different scenarios is now available.
Workday Adaptive Planning unlocks financial management
- Better forecasting
- Better budget control
- Less labour spent on financial management
Adaptive Insights - Effectively manage actual data and budget data
- Adaptive provides for good forecasting based on revenue and expenditure.
- The ability to pull different month-end reporting is a great feature.
- The ability to share access across 11 offices statewide is very beneficial.
- ROI is spot on. We are able to extract the data needed in a moment's notice.
- It provides better result at overall level, we were able to save time and generation of reports is very easy.
- We were able to enhance the tracks of our annual budgeting, forecasting and expense management.
- Helped us to save cost and increase revenue by 30% in a single financial year.
Adaptive forecast creation !!!
- Easier analysis
- Future forecast
- Friendly reporting
Great way to actively plan business processes and analyze all data across business units
- it is easier to take critical business decisions in the organization and respond to stakeholder early
- migration of resources like cloud, servers or operating system or migrations does not lead to impact on platform
- helps calculates complex metrics requires for financial and resource planning
- 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
Adaptive Planning is the way to go
- Time is money, and Adaptive Planning saves a lot of time
- Budget vs Actuals reporting is easy to use
- Scenario forecasting is good
Forecasting made easy
- Data traceability
- Save down different versions
- Interface to our consolidation tool for forecast and budget
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.
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.
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
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
How do you differentiate?
- Standardization in the cloud.