Workday Adaptive Planning

Workday Adaptive Planning

Customer Verified
Top Rated
About TrustRadius Scoring
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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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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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 192)
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Score 10 out of 10
Vetted Review
Verified User
Review Source
  • It does well with version control. I can ensure that all 27 entities know exactly which version is the correct budget that is approved.
  • It does well with scenario planning. I can easily make adjustments with to the budget whether that is pushing sales, expenses, headcount, or capital projects.
  • It does a good job with enforcing unity with the chart of accounts.
  • There has been a real lack of training. This has caused issues especially with creating new reports.
  • There could be better shortcut keys similar to Excel.
  • There could be a better search functionality with the self tutorial area.
January 09, 2022

Finance

Fidel Botchway | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Budget management
  • Expense tracking
  • Finance management
  • There should be a seamless integration between the accounting and the budget allocated.
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Keeps everything HR and Team management wise in one place
  • Excellent and easy to use layout and user interface
  • It's very easy to navigate and find your way around even for first time users
  • Requires minimal training to get up and running
  • Sometimes it can be a little difficult to find smaller details within the software that you might be looking for
  • Can be a little overwhelming to those that are just looking to use one particular function
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • Cloud Native
  • Intuitive
  • Flexible
  • Easy to adapt
  • Adding additional departments/regions after implementation is a pain
  • I don't love how multi-currencies works
  • Drill down is clunky
  • Performance slows down as you grow your instance
Brian Goldrick | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Forecasts very easily
  • Setting up formulas to auto populate certain areas makes it much easier for budget owners to fill it out.
  • Collaboration between the FP&A team as well as the budget owners is all done within Workday Adaptive Planning rather than through team messages or emails. Much more efficient.
  • There have been some issues with the mapping between Workday Adaptive Planning and our accounting system, Intacct, that has required additional support beyond what we were able to do in house.
  • Some of the formulas break due to budget owners not knowing what they are doing. This has been fixated with updates to Workday Adaptive Planning over the years but it still pops up every once in a while.
  • Better reporting functionalities.
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • Robust budgeting and planning sheets that allow for customizable modeling depending on the needs and area of the business
  • Web reporting out of Workday Adaptive Planning is great and is very user friendly
  • Integrations into different ERP systems, especially Workday
  • The Integration between Workday Adaptive Planning and NetSuite is difficult to get up and running. It functions well but is more complicated to set up than other ERPs.
  • Creation of sheets and normal maintenance is easy to use but can be a very complex process for those unfamiliar with how Workday Adaptive Planning works. Training is a must!
  • Lacking functionality in automating the multi-currency conversion process
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Ability to create customizable reports based on employee requirements.
  • Simple and ergonomic interface that allows easy location of each tool, all in a single view.
  • Each employee can get their expense summary and based on this do better resource planning.
  • Real-time cost and expense planning.
  • Ability to break down all monetary movements generated in the company.
  • Allows us to create cost scenarios where we can identify factors that may affect us in the future.
  • It is not possible to copy items between tabs, causing obstacles in the work.
  • Reports should be more complete and customizable.
  • It is complicated to import spreadsheet files without having to make modifications beforehand.
James Egan | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
  • One stop shop for employee and employer information.
  • Ability to ask for, view and give colleague feedback.
  • Ease of use, easy to navigate.
  • Easy to download important documents.
  • Some overlap between areas can be confusing for a new user.
  • Logging on from a new device can be a bit fiddly.
  • At first the time off scheduler can be a bit confusing.
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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).
Krishna Singh | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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
Marvin Hartsfield | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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.
Tony Phan | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • 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.
April 16, 2021

Outsanding Solution!

Brad MacDonald | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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.)
Warren Sampson | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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.
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • 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
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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.
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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.
March 11, 2021

Great planning tool!

Score 9 out of 10
Vetted Review
Verified User
Review Source
  • Forecasting
  • Version control
  • Ease of use
  • API
  • Transactional models (i.e. performance limitations with mass data forecast models +1MM rows).
  • Management reporting allocations.
Score 9 out of 10
Vetted Review
Verified User
Review Source
  • 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.
Dmitry Zaichenko, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
  • 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.
October 13, 2020

Adaptive Insights Review

Score 9 out of 10
Vetted Review
Verified User
Review Source
  • 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.