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Workday Adaptive Planning

Workday Adaptive Planning

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.

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Awards

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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.workday.com/en…

Offerings

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

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Product Demos

Workday Adaptive Planning and Consolidation Quick Demo | Workday

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Workday Adaptive Planning | Workday

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Automated Board Books Quick Demo

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Features

BI Standard Reporting

Standard reporting means pre-built or canned reports available to users without having to create them.

9.3
Avg 7.7

Ad-hoc Reporting

Ad-Hoc Reports are reports built by the user to meet highly specific requirements.

8
Avg 8.2

Report Output and Scheduling

Ability to schedule and manager report output.

8
Avg 8.2

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.

7.7
Avg 7.6

Access Control and Security

Access control means being able to determine who has access to which data.

9
Avg 8.7

Mobile Capabilities

Support for mobile devices like smartphones and tablets.

8.5
Avg 7.9

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

9
Avg 8.3

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

7
Avg 8.0

Financial Reporting and Compliance

Financial statements and regulatory filings

8.5
Avg 8.1

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

8.2
Avg 8.0

Integration

Ability to integrate with external applications.

8.5
Avg 8.4
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Product Details

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

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Workday Adaptive Planning Video

Workday Adaptive Planning Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
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

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.

Anaplan, OneStream, and Planful are common alternatives for Workday Adaptive Planning.

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

Consumers0%
Small Businesses (1-50 employees)0%
Mid-Size Companies (51-500 employees)60%
Enterprises (more than 500 employees)40%
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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
Workday Adaptive Planning
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
  • 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
Workday Adaptive Planning
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.

Highly Recommend, Easy to use!

Rating: 10 out of 10
September 03, 2024
GT
Vetted Review
Verified User
Workday Adaptive Planning
5 years of experience
Verified on LinkedIn
  • 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.
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