Workday Adaptive Planning Reviews

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
266 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.3 out of 100

Do you work for this company? Learn how we help vendors

TrustRadius Top Rated for 2020

Overall Rating

Reviewer's Company Size

Last Updated

By Topic

Industry

Department

Experience

Job Type

Role

Filtered By:

Reviews (1-25 of 183)

Companies can't remove reviews or game the system. Here's why.
April 29, 2021
Marvin Hartsfield | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Organizes a large amount of data in a very accessible way.
  • Easy to change or modify formulas
  • Easy to learn and implement.
  • Formatting and display options for dashboards are limited.
  • Scenario planning is hard to carry from one version to the next.
  • Reporting has limited formatting options.
Read Marvin Hartsfield's full review
April 16, 2021
Brad MacDonald | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Overall structure of the model is both powerful and simple. Accounts and levels (legal entities/cost centers) drive the overall data structure. Once this principle is firmly understood, the tool is quite easy to understand from an implementation and administrative perspective.
  • Customer support is outstanding. Even though we're a small company, Adaptive doesn't recognize that (or care). I've had conversations with a variety of their team members on a number of different topics, and they are very good at supporting our company.
  • Reporting tools are world-class. It's nice that you can have a best-in-class planning system, but without equally strong reporting tools, it really doesn't mean much. Adaptive's easy-to-build reports are both flexible and powerful.
  • Administration is easy. Helpful tools to make your system secure.
  • Our biggest challenge is that more people want the tool than we (originally) budgeted for. (This really isn't a con, but be aware that if you're moving from an Excel-based manual model, people will be really hungry for this type of tool/application.)
Read Brad MacDonald's full review
April 01, 2021
Warren Sampson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Version Management. Adaptive lets us manage many versions/scenarios all in one platform with the robust ability to compare them to each other.
  • Processing Performance. 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.
  • Audit Trail. Our administrators love the ability to see and report on who made what changes when, which leads to real accountability within the organization.
  • Variable Time Roll-ups. Different entities within our company look at "years" differently, but we're only able to specify one global time roll-up for aggregating data quickly, which can lead to some confusion.
  • Administrative UI. Management of Access Rules and ordering sheets from an administrative point of view can be a bit tedious and have received less attention than other features recently.
  • List Sheet Reporting. Any sheet that is a variable list of things (like People, Capital Projects, Marketing Programs) is somewhat constrained in how it can be reported on. Adaptive provides two kinds of reports but both leave something to be desired when reporting on this kind of data.
Read Warren Sampson's full review
May 09, 2021
Bailey Cates | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Ease of use
  • User friendly
  • Financial modeling
  • Budgeting
  • System updates completed during budget season. This causes issues every year for us.
  • The system does not handle multiple exchange rates very well. This causes issues for the equity section of our balance sheet.
Read Bailey Cates's full review
May 02, 2021
Krishna Singh | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • I like the flexibility to create different sheets
  • I like the flexibility to create different dashboards
  • I like the flexibility to create reports
  • You can connect any system using integration
  • Easy to adapt and learn
  • cost effective
  • More you can focus on process then tool
  • I am completely satisfied that this tool can be used with either the smallest or largest organizations (yes, it's that good). as I worked on many other tool
  • the tree structure makes it very difficult to scroll through report
  • integrations between other system need to be streamline
Read Krishna Singh's full review
March 24, 2021
Beth Higgins | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • New hires.
  • Personnel planning.
  • Detailed expense planning.
  • Integrated balance sheet, income statement and cashflow.
  • Allocation functionality is cumbersome since every time you want to make a change you have to recreate the allocation (i.e. if you need to add or delete a dept in the allocation).
  • Whenever we go into a saved locked version, instead of being at the top level, the system opens the next time at the dept level, even if you have never opened any sheets at that dept.
Read Beth Higgins's full review
April 20, 2021
Tony Phan | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • All in one portal related to HR details that you need to know in your organization.
  • Integrated goal/development feature that will help you in your career.
  • Requesting annual leave is extremely easy, no more emails requesting leaves.
  • Sometimes a lot of functions causing confusion, might need to set guide/help card for new employees to get used to.
Read Tony Phan's full review
March 30, 2021
Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Quick ability to update formulas and see the updated outcomes
  • Very nice to have ability to have multiple versions and compare them against each other
  • Love Office Connect, total game changer for Excel users
  • Need the ability to move items within Dashboards from tabs or even other Dashboards
  • More graphing abilities within Dashboard
  • Enhance Matrix Reporting
Read this authenticated review
May 09, 2021
Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • A very intuitive solution from a budget contributor point of view. The sheets are clean and the drag and drop functionalities make it easy to get started.
  • The many different custom dimensions and attributes make it easy to slice and dice the data to your liking.
  • The Adaptive logic is different than the Excel logic so it does require you to revise your current Excel models to bring them onto the platform.
  • We are still trying to figure out if, and how easy it is to bring more complex models to Adaptive (predictive modeling, Monte Carlo simulations etc).
Read this authenticated review
March 29, 2021
Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Ease of administration (one or two people can handle it versus a whole team plus IT)
  • Keep adding really cool features every quarter
  • Integration with Workday HCM
  • Integration and customization with ERPs, data warehouses, CRMs
  • Great customer support--very knowledgeable, efficient, friendly, and fast
  • Approachable staff--you can reach out easily to PMs and provide and get feedback
  • Office Connect became dynamic (updates of structure, drills, grouping, exclusions, etc.)
  • Data mapping feature to overlay or fix mappings from feeding sources
  • Small bugs after new releases (but always solved very fast)
  • Could use some enhancement on UI side (but they have great improvements on the roadmap)
  • Copy to or from sandbox is done via request to support; it would be great to have an automated, on-demand way by admins
Read this authenticated review
March 25, 2021
Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Reports: Makes beautiful, reliable, and easy to run and customize reports in Office Connect.
  • Ability to run multiple complex scenarios and then easily produce reports comparing those scenarios.
  • Salary and headcount forecasting.
  • Foreign exchange: Works ok for the income statement, but the balance sheet has been a huge challenge and still has many issues.
  • Usability for end-users: Input sections are not clear and the only way to see roll-up is by running a report in a separate section.
Read this authenticated review
March 11, 2021
Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Forecasting
  • Version control
  • Ease of use
  • API
  • Transactional models (i.e. performance limitations with mass data forecast models +1MM rows).
  • Management reporting allocations.
Read this authenticated review
October 29, 2020
Dmitry Zaichenko, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Report creation and sharing is easy and quick.
  • Planning with multiple different dimensions, attributes and timeframes can be set up and compared seamlessly.
  • Automated actuals import is well developed and allows for more analytical work and not data input.
  • It is not a true BI solution.
  • Workflow feature needs improvement.
Read Dmitry Zaichenko, MBA's full review
September 24, 2020
Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Creation of Versions.
  • Reporting and Dashboarding.
  • Model Flexibility.
  • Web reports within Dashboard would be great.
  • Version to Version referencing within model formulas.
  • Calculations within reports that allow you to add data across different versions.
Read this authenticated review
November 05, 2020
Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Versioning/scenario analysis - It is so easy to run scenario analysis and compare live the changes - And one can preserve the data for different scenarios and can compare any number of version against each other in minutes.
  • Formulae creation is so easy - everyone can work on Adaptive as it's more or less Excel - creating new accounts and writing formulas has never been this easy.
  • Very user friendly - It's very straightforward.
  • Actuals - if the company restate the actuals - and if that version is overly in the locked version - it changes the locked version id we updated the new actuals - It would be great if there is some way to preserve the forecast version without creating a new actual version.
  • The audit trail for the forecast changes - if that can be added it will be great.
  • Personnel sheet filters - it's very time consuming that we have to make the change and save it every time- before when we use the filter we use to get to that row/cell and still could see full sheet & were able to save after doing bunch of changes but this new way makes it mandatory to save after every change, very time consuming.
Read this authenticated review
October 13, 2020
Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • It is much nicer than having Excel because you don't have to worry nearly as much about breaking formulas.
  • It enables analysts and business partners to plan together by both having access to the same numbers in the same software thus reducing confusion and helping to keep everyone on the same page.
  • It helps a lot with reporting and doing analyses on budgets vs. actuals.
  • I wish that there were a way to select multiple levels when viewing sheets instead of having to build a report.
  • It would be nice if there were slightly more access controls so that different analysts could see the headcount for their groups without giving them access to the entire company's headcount data.
Read this authenticated review
December 30, 2019
Brandon Gappa | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Live Reporting - The ability to constantly see your change impacts, using the Audit Trail to identify the users making the change, and transaction details for actual significantly freed up valuable bandwidth to spend more time on forecast accuracy.
  • Flexibility to change Business Structure and have those changes flow through historically without any effort. Used to have various Xref files everywhere.
  • Corporate Consolidation - Being able to have multiple Organizations roll up into a group that is not managed by us. We still need to use export into Essbase for our HQ partners until Adaptive can fully integrate the two seamlessly.
  • Web Reporting can be inflexible at times, especially when it comes to notes. Office Connect helps to fill that gap, but we would rather use web reporting when we can.
Read Brandon Gappa's full review
January 30, 2020
Jaynee Tolle | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Adaptive is a cloud-based system that allows our users to interact with Finance from anywhere in the world.
  • Office Connect is a great add-on to Excel that allows us to set-up reports and refresh them in an instant for more detailed information needed throughout the company.
  • The report section is great but it doesn't quite give you the flexibility that Office Connect (Excel Add-On) does.
Read Jaynee Tolle's full review
November 26, 2019
Kris Sircar, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Version Control.
  • Ad-hoc Matrix Reporting.
  • Management of Custom Elements/Dimensions.
  • OfficeConnect does not function like Excel in all aspects. Can be a little buggy.
  • I would like to customize the view of the Levels and dimension field to show when the new attribute was added. Basically an audit trail.
Read Kris Sircar, MBA's full review
November 18, 2019
Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • The customer support services have been very quick and useful to all my pertinent questions relating to the development and issues associated with the sheets, formulas and any other question I may have.
  • Many of the instructional guides and examples enabled me to ramp up quickly, learning the system. This not only benefited myself, but the team as a whole.
  • The Torchbearer Community has been a wonderful resource. I have been able to explore similar questions other analysts have had, that I had, and examine how they resolved nuances or issues with their associated questions.
  • It would be beneficial to me, as a user, if there was a library of documentation for every type of feature. This could be something regarding formula building, understanding how attributes work, with examples, or a location for basic and advance documentation on Sheet/Model/Cubes.
  • I would like to have the ability to directly assign some dimensions to accounts easier. A drag and drop feature for that would be interesting. This has been a challenge for me when new dimensions are built and I am unable to assign them to new accounts.
  • I would also like to see some more formulas or an easier way to do some basic tasks. For example a simple YTD function instead of running a simple, yet long string of texts for the formulas. Or the option for selecting YTD features, removing the need of the formula all together.
Read this authenticated review
January 31, 2020
Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Implementation through the 3rd party was quick, efficient, and cost-effective.
  • It's a very flexible tool and is very easily customized for our evolving needs.
  • An ability to customize standard sheet views such as fonts/size.
  • Promote and push the training before and during implementation.
Read this authenticated review
January 21, 2020
Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Full solution to replace Excel in your planning instance.
  • Very versatile, you can suit it to your business needs very well. The sky is the limit.
  • Because it is so open and versatile, sometimes you can get lost on what you are trying to accomplish. There are not as many templates as some might want.
  • It can be difficult to model solutions that aren't necessarily calendar based, but might be time based. Month1, Month2, etc. as opposed to Jan 2020, Feb 2020, etc.
Read this authenticated review
December 20, 2019
Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Easy to import or export data
  • The levels, dimensions and attributes allow us to slice data in many different ways
  • Building reports in Adaptive is not intuitive to me as a user
  • When exporting reports to Excel, you always have to reformat the report
Read this authenticated review
December 19, 2019
Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source

Pros and Cons

  • Dimensions and attributes that allow us to slice up data in many different views depending on what is needed
  • Ease of importing and downloading data
  • Sheets can be slow to load at times
  • There is a relatively steep learning curve for formula syntax/logic (but this applies to most other software)
Read this authenticated review

Feature Scorecard Summary

Pixel Perfect reports (1)
9
Customizable dashboards (1)
10
Report Formatting Templates (1)
9
Drill-down analysis (1)
9
Formatting capabilities (1)
7
Integration with R or other statistical packages (1)
8
Report sharing and collaboration (1)
8
Publish to PDF (1)
8
Report Versioning (1)
8
Report Delivery Scheduling (1)
8
Pre-built visualization formats (heatmaps, scatter plots etc.) (1)
7
Location Analytics / Geographic Visualization (1)
8
Predictive Analytics (1)
8
Multi-User Support (named login) (1)
9
Role-Based Security Model (1)
9
Multiple Access Permission Levels (Create, Read, Delete) (1)
9
Responsive Design for Web Access (1)
8
Dedicated iOS Application (1)
8
Dedicated Android Application (1)
8
Dashboard / Report / Visualization Interactivity on Mobile (1)
10
Long-term financial planning (142)
7.8
Financial budgeting (152)
9.0
Forecasting (147)
9.0
Scenario modeling (141)
7.8
Management reporting (152)
8.2
Financial data consolidation (88)
8.9
Journal entries and reports (55)
7.0
Multi-currency management (67)
7.4
Intercompany Eliminations (46)
8.0
Minority Ownership (23)
8.0
Local and consolidated reporting (78)
8.8
Detailed Audit Trails (99)
5.8
Financial Statement Reporting (126)
8.5
Management Reporting (138)
8.5
Excel-based Reporting (137)
8.3
Automated board and financial reporting (120)
7.7
XBRL support for regulatory filing (20)
7.9
Personalized dashboards (96)
7.7
Color-coded scorecards (77)
7.4
KPIs (92)
8.4
Cost and profitability analysis (97)
8.2
Key Performance Indicator setting (80)
7.8
Benchmarking with external data (53)
4.2
Flat file integration (101)
8.4
Excel data integration (128)
7.7
Direct links to 3rd-party data sources (96)
6.7

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

Has featureLong-term financial planning
Has featureFinancial budgeting
Has featureForecasting
Has featureScenario modeling
Has featureManagement reporting

Consolidation and Close Features

Has featureFinancial data consolidation
Has featureJournal entries and reports
Has featureMulti-currency management
Has featureIntercompany Eliminations
Has featureMinority Ownership
Has featureLocal and consolidated reporting
Has featureDetailed Audit Trails

Financial Reporting and Compliance Features

Has featureFinancial Statement Reporting
Has featureManagement Reporting
Has featureExcel-based Reporting
Has featureAutomated board and financial reporting
Has featureXBRL support for regulatory filing

Analytics Features

Has featurePersonalized dashboards
Has featureColor-coded scorecards
Has featureKPIs
Has featureCost and profitability analysis
Has featureKey Performance Indicator setting
Has featureBenchmarking with external data

Integration Features

Has featureFlat file integration
Has featureExcel data integration
Has featureDirect links to 3rd-party data sources

Workday Adaptive Planning Screenshots

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

  • Has featureFree Trial Available?Yes
  • Does not have featureFree or Freemium Version Available?No
  • Has featurePremium Consulting/Integration Services Available?Yes
  • Entry-level set up fee?Optional

Workday Adaptive Planning Customer Size Distribution

Consumers
0%
Small Businesses (1-50 employees)
0%
Mid-Size Companies (51-500 employees)
60%
Enterprises (> 500 employees)
40%

Workday Adaptive Planning Support Options

 Free VersionPaid Version
Phone
Email
Forum/Community
FAQ/Knowledgebase
Video Tutorials / Webinar

Workday Adaptive Planning Technical Details

Deployment Types:SaaS
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

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 Solutions, Longview, and Prophix are common alternatives for Workday Adaptive Planning.

What is Workday Adaptive Planning's best feature?

Reviewers rate Financial budgeting and Forecasting highest, with a score of 9.

Who uses Workday Adaptive Planning?

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