Workday Adaptive Planning

Workday Adaptive Planning

Customer Verified
Top Rated
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Score 8.2 out of 100
Top Rated
Workday Adaptive Planning

Overview

Recent Reviews

Great product when properly trained

10
January 12, 2022
I use Adaptive Insights for mainly budgeting purposes and running monthly budget vs actual reports. It has helped the company dramatically …
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Finance

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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Solid and intuitive planning solution

10
May 10, 2021
We purchased Adaptive Insights three months ago and are currently still in the implementation phase. We have our PnL currently up and …
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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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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://www.adaptiveplanning.com

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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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.

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 189)
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Score 10 out of 10
Vetted Review
Verified User
Review Source
I use Adaptive Insights for mainly budgeting purposes and running monthly budget vs actual reports. It has helped the company dramatically with ensuring that we are using the correct and same version of the approved budget. We have 27 different entities creating budgets and within those entities up to 80 different departments. Before Adaptive Insights, there were a lot of Excel spreadsheets emailed back and forth. This created issues with version control. Adaptive Insights has also forced the company across all entities to map their chart of accounts in a similar fashion and use accounts for the same purpose.
January 09, 2022

Finance

Fidel Botchway | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
I use Workday Adaptive Planning to track the budget and account for business expenses. From the time I started using Workday Adaptive Planning, I have become efficient at managing expenses in my team. Today we do not need to depend on accountants to provide department managers with monthly expense information for analysis and management [discussion].
Score 7 out of 10
Vetted Review
Verified User
Review Source
Overall my experience with Adaptive has been wonderful. It is definitely the easiest FP&A tool I have used in my career. The customer service has always been great and the tool itself has been very easy to roll out to individuals who may not have a finance background and only do budgeting once a year.
Score 9 out of 10
Vetted Review
Verified User
Review Source
Workday is used by our entire company to manage and handle all aspects of Human Resources, Budgeting, Individual Goals, Training, and keeping track of each individual learning and courses they have taken. From an HR management standpoint, it is the backbone of our company.
Score 8 out of 10
Vetted Review
Verified User
Review Source
We currently use [Workday Adapting Planning] as our sole planning tool in FP&A. We have all our budgeting and forecasting in [Workday Adapting Planning]. We partner with other departments to get their insights for the forecast, but we are the only group that actually uses the tool.
Brian Goldrick | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Workday Adaptive Planning is being used by our entire company. The admins of the system are on the financial planning and analysis team. Each budget owner goes in to fill out their department's budget first, which is then reviewed by the FP&A team/CFO and there are typically three iterations of going back and forth on the requested options. This is way better than how we previously budgeted, which was on an Excel spreadsheet.
Score 10 out of 10
Vetted Review
Verified User
Review Source
I currently work as an implementer of Workday Adaptive Planning for our clients. I see Workday Adaptive Planning being used by teams in order to improve their budgeting and planning processes. Many of my clients come from an Excel format for their planning process but are implementing Workday Adaptive Planning to automate many of the manual processes that currently have to happen in their Excel modeling. Adaptive is also used for its robust reporting abilities! Many clients that we work with are using Workday as their ERP so they connect the two systems through the Power of One to get real-time actuals data from the ERP into Workday Adaptive Planning.
James Egan | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
Workday is used by OVO across the whole organisation to silo all of the relevant HR information for each and every employee. It is a centralised hub that allows a user to be able to log in at their pleasure and view any and all important documents pertaining to their employment.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We purchased Adaptive Insights three months ago and are currently still in the implementation phase. We have our PnL currently up and running but it is our intention to build a full three statement model in Adaptive. The very intuitive interface allowed us to progress quickly with the implementation. At this moment all of our users are from the local finance teams but as we progress with the roll-out of our functional budgeting we will give other departments viewing and reporting access as well.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Workday Adaptive Planning is used across our entire organization. Department heads and brand presidents have access to track their financial data. In addition, we use Workday Adaptive Planning to create our budgets. Our marketing department uses the system to track their forecast.
Krishna Singh | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Workday Adaptive Planning was implemented for our organization 3 years back, and we support this now to help user adapt new upgrade and enhancement and much more. I worked and implemented many other planning systems for other client but I would say Workday planning is to implement if you have good knowledge on Adaptive and F,P & A process, its really helpful, easy, cost effective, and save lot of time.
Marvin Hartsfield | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
[Workday Adaptive Planning is used] as the primary tool for budgeting and forecasting for the Finance department. Also used to track KPIs across the organization. All comparisons vs a budget are done with Adaptive.

Reporting is done using the office connect tool in both Excel and PowerPoint. Reporting is done from the board level to the individual department level.
Tony Phan | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
Workday is used as the backbone of HR management in my organization. It is used from the day employee is hired till the day that employee resigns. Request for salary payment details are also being done here. In addition, development module is integrated with workday making it easy to set goals & achieve your goals through your career.
April 16, 2021

Outsanding Solution!

Brad MacDonald | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
As a growing company, we needed to shift from Excel-based budgeting/reporting models to a much more capable (and sophisticated) model. We selected Adaptive based on the tool's capabilities, the fact that it's cloud-based (SaaS), and easily scalable. We deployed Adaptive for all budget owners within 3 months of making our decision.

Using Adaptive, our budget owners and executives now have a much better (and faster) view of our financials, as well as allowing the finance team to spend time on analysis/insight.
Warren Sampson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
We use Workday Adaptive Planning to create a detailed financial plan for our entire company. The userbase includes Sales, Operations, Finance, and HR. In addition to using Adaptive to develop a bottoms-up financial plan, starting with sales volume/revenue, detailed labor planning, cost of goods sold modeling, we use Adaptive to pull financial results from our ERP system (SAP) and report on Plan vs Actual performance.
Score 9 out of 10
Vetted Review
Verified User
Review Source
We use [Workday] Adaptive Planning for our yearly budget process and our monthly forecasting process. It allows our team great flexibility with both of these processes and has moved us out of the age of Excel and into a online Platform that helps eliminate data entry or formula errors. Not only can we report/forecast on GL balances we also have many custom accounts we do this process for as well. The ability to load detailed historical data is a great feature of this product as well.
Score 10 out of 10
Vetted Review
Verified User
Review Source
Workday Adaptive Planning is mostly used by our finance team. However we expanded it to accounting, the data BI team, investor relations, and budget owners. Finance uses it for its typical duties: balance sheet and income statement forecast, OPEX variances, headcount and req tracking, close and board meeting dashboards etc. Accounting uses it to view financial statements on the fly from different angles (by function, by location, department, etc.). The BI team pulls data to create advanced dashboards on their end. Budget owners can view their vendor forecast and spend, view their headcount, reqs, etc.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We use Adaptive as our main reporting tool to create reports for senior management and the board of directors (Finance). Our budgeting tool to create the annual budget. Last year, we rolled out user licenses and budget managers were able to sign in to enter their own budgets and review reports (whole organization). Used for our quarterly and ongoing forecast updates, scenario analysis, GM analysis, and any ad-hoc reporting (finance).
March 11, 2021

Great planning tool!

Score 9 out of 10
Vetted Review
Verified User
Review Source
Adaptive Planning is used by FP&A for financial planning for the whole organization. It addresses the core business problem of having a single point of truth for financial and operational plans. It is dynamic and enables scalability as you refine the model to include more drivers. The real value comes from linking connecting models so a change in one part of the business automatically updates financial projections for a different function (i.e. hiring impacts tech costs).
Score 9 out of 10
Vetted Review
Verified User
Review Source
The Adaptive Planning tool is been used by FP&A department & sales - FP&A use it for budgeting and forecasting purpose - Sales use to for QAM purpose.
It addresses mostly all the problems related to Headcount & other spend - like capacity planning, Allocations, productivity, retention, etc.
Dmitry Zaichenko, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
Columbia Helicopters utilizes Workday Adaptive Planning in all budgeting, forecasting, reporting, dashboarding, and financial analysis processes. We conduct monthly cost center reviews [and] quarterly reforecasts with department heads responsible for entering all changes. [The] system is easy to use and organization-wide adoption has been really smooth. Quarterly software updates have kept the software running while introducing new features both visual and technical.
October 13, 2020

Adaptive Insights Review

Score 9 out of 10
Vetted Review
Verified User
Review Source
Adaptive Insights is currently used in our finance department to help plan, budget, and forecast for our company. Ultimately, it helps us as we work with the business leaders to track expenses as they come in. We review expenses each month and compare our budgeted numbers to actual numbers with our business leaders to identify the reasons behind any variances.