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.
Learn from top reviewers
How Workday Adaptive Planning Differs From Its Competitors
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
Pricing
Entry-level set up fee?
- Setup fee optional
For the latest information on pricing, visithttps://www.workday.com/en…
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Product Demos
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Features
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Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Workday Adaptive Planning?
Everybody plans, and strategic planning is a crucial process for every business. This business planning software enables teams to create budgets, forecasts, and models in less time and with greater accuracy, so that the team can focus on analysis and strategy. Having up to date, reliable data, teams can focus on the story behind the numbers, and can improve business decisions and collaboration. Additionally, Workday Adaptive Planning and Consolidation delivers a unified solution that enables Accounting and Finance to accelerate the close, increase planning agility and drive faster, more informed decisions.
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
Workday Adaptive Planning Integrations
Workday Adaptive Planning Competitors
Workday Adaptive Planning Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
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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 |
Workday Adaptive Planning Downloadables
- Workday Adaptive Planning TrustRadius Market Report
- The Importance of Companywide Planning
- IDC MarketScape: Worldwide Enterprise Planning, Budgeting, and Forecasting Applications for Midmarket Organizations 2024 Vendor Assessment
- Close and Consolidate with Confidence
- The Total Economic Impact™ of Workday Adaptive Planning
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 Financial budgeting highest, with a score of 9.5.
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 From Top Reviewers
(1-5 of 216)
Workday Adaptive Planning is the future of budgeting!
Rating: 10 out of 10
December 28, 2024
DA
Vetted Review
Verified User
2 years of experience
- It's ability to update and process changes to accounts or formulas immediately across multiple sheets
- The ability to link accounts to a summary page makes data easier to pull to different sheets
- The flexibility with different sheets and the security to allow or not allow visibility
Cons
- Having an Average function in the formula types, currently I have to use a range and divide by that number
- Ability to delete data in Standard account boxes from one version to another, rather than having to manually delete
- Working with teams that implement Adaptive to ensure they are setting up the model for ease of using the Publish Plan functionality
Workday Adaptive Planning Review.
Rating: 10 out of 10
December 09, 2024
AJ
Vetted Review
Verified User
9 years of experience
- Data Transformation within Integration Management.
- Modeling Complex FP&A Consolidated Financial Statements across any industry.
- Story telling the number across HTML, OfficeConnect, and Active Dashboards.
- Active Dashboards.
- Anomaly Detection (Outlier Reporting).
- Unified Access Management (one Security Model).
- Power of One.
- RAAS reports with Prism Analytics.
- RPA Orchestrator configuration.
Cons
- Data Volume for Large Enterprises (memory consumption on Loaders/instance).
- Robust Dashboard functionality.
- Cube Limit of 15k rows.
- OfficeConnect.
- EIP
From Excel Hell to Continuous Forecasting
Rating: 10 out of 10
October 08, 2024
SL
Vetted Review
Verified User
5 years of experience
- Versioning
- Multiple Models
- Live Updates
- Office Connect (Excel integration tool)
Cons
- Menu bar - sub-menus based on model instead of all being listed together
- understanding how formulas work.
On-the-fly Reporting and Consolidation
Rating: 10 out of 10
January 07, 2025
CB
Vetted Review
Verified User
6 years of experience
- Consolidation
- Modeling
- Forecasting
Cons
- Security in levels
Highly Recommend, Easy to use!
Rating: 10 out of 10
September 03, 2024
GT
Vetted Review
Verified User
5 years of experience
- Matrix Reporting is critical to view all of the summarized inputs at a high level
- Collaboration between team members and ease of updates without risk of overriding each other's forecast
- Seamless Integrations with Workday and external systems
- Archiving Versions and spinning up What-ifs quickly
- Constant product releases and updates.
Cons
- Would like a bit more examples and tutorials on how to use certain functions/features best. They give good documentation, but examples will further refine it.