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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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Recent Reviews
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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

Popular Features

View all 45 features
  • Financial budgeting (171)
    9.0
    90%
  • Forecasting (166)
    8.7
    87%
  • Long-term financial planning (160)
    8.5
    85%
  • Management reporting (171)
    8.4
    84%

Reviewer Pros & Cons

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Pricing

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N/A
Unavailable

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://forms.workday.com/en…

Offerings

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

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Alternatives Pricing

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Kepion is a cloud planning & analytics software company that connects all organizations' teams under a single view of their business performance. We enable more intelligent decisions to be made by companies about their financial and operational future. Kepion global offices and partners deliver…

What is PlanGuru?

PlanGuru is budgeting, forecasting and financial analytics software for SMB's, Nonprofits and the Accountants/ Advisors that work with them.

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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 8.1

Ad-hoc Reporting

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

8
Avg 8.3

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 8.0

Budgeting, Planning, and Forecasting

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

8.7
Avg 8.3

Consolidation and Close

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

7.6
Avg 8.1

Financial Reporting and Compliance

Financial statements and regulatory filings

8.5
Avg 8.2

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

7.7
Avg 8.0

Integration

Ability to integrate with external applications.

8.3
Avg 8.3
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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. The software was ranked a leader in Gartner's Cloud Planning and Analysis quadrant.

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

Screenshot of Adaptive Planning balance sheets.Screenshot of Adaptive Discovery visuals.Screenshot of Adaptive Planning expense variance analysis report.Screenshot of Adaptive Discovery visuals with drill-down capabilities.Screenshot of Adaptive Planning in-sheet visualizations (waterfall chart)Screenshot of Sparklines are used to visualize trends and make adjustments visuallyScreenshot of Built-in audit trail and cell explorer will show the source and history of any metric, assumption or formula

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.

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 and Ratings

(337)

Attribute Ratings

Reviews

(51-75 of 203)
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Score 10 out of 10
Vetted Review
Verified User
  • 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.
Score 10 out of 10
Vetted Review
Verified User
  • 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.
Brandon Gappa | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Score 9 out of 10
Vetted Review
Verified User
  • 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
Score 9 out of 10
Vetted Review
Verified User
  • 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)
Score 8 out of 10
Vetted Review
Verified User
Incentivized
  • Adaptive Insights does a good job allowing the user to build in automatic calculations for forecasting. E.g. employee benefit cost by plan type chosen by employees.
  • Another beneficial feature of adaptive is the office connect feature that allows financials to be populated directly into a board deck.
  • It can be difficult to learn how to build the references needed to make sheets and versions connect.
  • The service can be slow to load at times. Many times I'm just waiting on the data to refresh before I can update the next step.
Score 10 out of 10
Vetted Review
Verified User
  • The reporting options within Office Connect are easy to work with as they are similar to working in Excel and Word. They have reduced the time it takes for us to prepare reports because we now have templates built and only need to refresh the data with a click of a button.
  • The sheets are able to be customized to assist our department in budgeting and forecasting at a more meaningful level than we had before with spreadsheets.
  • The support that Adaptive provides is top notch. If we are unable to find answers within the self help area, the email support personnel are able to efficiently and effectively assist with our issues.
  • The reporting within Adaptive does not always print to excel in a nice format. Once exported manual formatting must take place to make the report look nice. This is why we choose to use Office Connect more than the reporting feature within Adaptive.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Reporting is very easy. You can build a report and very easily change the inputs to view the exact data you are looking for.
  • Adaptive's API is quite simple as well. Going from Adaptive to a BI tool or a MySQL server is easy and everything flows quite well.
  • Getting new users onboard is simple as well. It is quite easy to have one or two "experts" and everyone else can just do the data entry and inputs. You can get a lot of information inputted into Adaptive quickly and stored as your forecast evolves.
  • We have had UI issues for Global team members. Adaptive is not customizable to support different date views and such.
  • The formula syntax is hard to pick up. Once you get it, it's great but due to the difficulty, we only have two people able to create efficient and effective formulas.
  • Deleting rows in Modeled sheets can be very inefficient. There is a very small range you are able to select and delete. When you have large rows of data, ie 20,000+, this becomes untenable.
November 26, 2019

Remarkable Planning Tool

Kris Sircar, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • 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.
Limin Kinsey, CPA, CFE | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • The design of the planning sheets, flexible functioning of the assumptions/drivers, and familiar formula creation has great user appeal since it simulates the similarities with the Excel worksheet interface, so buy-in/ownership from a Finance group perspective is easily overcome even for those that have a bit of 'change-phobia'.
  • The Finance group REALLY can run this CPM product. No IT support needed which is critical from a resource standpoint.
  • User collaboration is made simple and easy with the Process Tracker functionality and further supported by offering users the ability to enter cell notes on planning items, sheet notes, line notes in analysis reporting, share reports via email, snapshot reports, and attach documents related to quotes for the planning process - just to name a few little hidden gems that serve us well in the planning process resulting in greater efficiencies.
  • The Adaptive Learning Center provides a wealth of information for users in a how-to-do well-guided format with both written and video learning mediums. In addition, the involvement in the Torchbearers Community provides a community chat portal to pose questions and gain additional information on best practices from other Adaptive users of varying levels of expertise.
  • Being rather new to the Adaptive product and our laser focus on capitalizing on the advantages we were severely lacking in our former budgeting tool, I don't have any solid examples of areas or room for improvement yet. As we continue to gain familiarity and begin our implementation of Phase 2 with our Program areas, I will be able to assess more in-depth whether Adaptive meets our needs fully as more individuals with varying capacities and capabilities will be involved in our Phase 2 roll out, so feedback will be plentiful.
Josh Cooper | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Adaptive Insights provides excellent customer service. If a user has a question about the product, the employees at Adaptive are quick to respond and are very helpful.
  • The team at Adaptive Insights listens to their customers and are always working to improve the software.
  • N/A
Chris Snelling, CFA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
  • Adaptive Planning is very good at letting you create reports on the fly. We constantly create, modify and run reports to help analyze and find solutions.
  • Although it took a while to setup, the Adaptive Connector makes it super easy to load all of the detailed financial information from SAP into our reporting system.
  • Managing multiple versions of our budget and forecasts is quite easy with Adaptive Planning.
  • We have had some customer service issues in the past but have worked through them with the Adaptive team.
  • The compatibility with javascript has been an issue in the past and has caused some lost productivity, but I think this issue has been resolved with the latest release.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Consolidation.
  • Detailed modeling.
  • Integration with accounting systems like NetSuite.
  • Permissions for users by the account in addition to the level. The use case being letting a financial analyst see the headcount sheet with the comp for the organizations he or she supports, but not for the finance and accounting departments to hide the salaries of other team members from them.
  • Currently, the View Dependencies feature does not seem to work very well, so you really can't see all the places a certain account is showing up in your model. It would be nice to have greater visibility to see where each account is used in the model so that you know how changing that account will change your model.
  • The Account Code in Reports is different than the actual account codes, so it is hard to know what account is actually being used in the report.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • They have a really good Excel tool where you can pull and push data.
  • It does really well at being adaptive and letting you change things.
  • I really like the user interface.
  • I don't love the dashboarding that it has. I feel it's trying to compete with other solutions and doesn't do that well.
  • Sometimes it can be slow.
  • It costs a lot per user.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Audit history of what has been changed is huge
  • Being able to have different versions to run scenario analysis
  • Ability to easily load and download data easily
  • Being able to set user defaults on specific pages like different filters so it is the same every time the page is pulled up, it seems like right now the default is the same across all users.
Ben Balch | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • It helps to produce a consolidated budget very quickly.
  • Good built-in audit trails.
  • Good reporting for variance analysis.
  • The software allows you to plan at a very granular level, but the reporting at a granular level between plan, actuals, and other versions can be challenging.
Jeri Duncan, CPA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Ease of navigation
  • Friendly and helpful support
  • Tools for every problem that needs to be solved!
  • Out of the box worksheets would be nice.
  • There have been some recent issues with log out when tabs are duplicated and that has been frustrating.
Alex Humble | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
  • Modeled Sheets are great.
  • Their formulas are easy to use and questions are easily answered when/if they arise.
  • The reporting capabilities are very nice.
  • Integration with our ERP and other cloud services has been great.
  • Our biggest gripe has to do with the speed. Sometimes pages can take a long time to load, but those long load times are minuscule compared to the ones we had before.
  • The View Dependencies feature does not work and it would be extremely helpful.
  • Accounts used in reports acquire a unique code within the report and fail to show the unique code of the account in your instance. This can make it hard to identify which account you are actually using in large reports with similar accounts.
Score 10 out of 10
Vetted Review
Verified User
  • Adaptive Office connect allows us to integrate data directly into Excel allowing us to quickly update reports and analysis.
  • Being able to consolidate data quickly across multiple regions helps us to quickly turn around reports and analysis.
  • Adaptive allows us to upload custom data for analysis purposes, helping us during budget season to compare previous versions to the latest.
  • I would love to see more products from Adaptive that could help take us to the next level.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
  • Provides a one-stop space for the entire organization to view data & reports.
  • Provides a one-stop space for the entire organization to enter their own unique data.
  • Provides a one-stop space for the entire organization to handle received tasks.
  • Like any software understanding formula & formula language.
November 16, 2018

Time Saving

Score 10 out of 10
Vetted Review
Verified User
  • Adaptive's reporting function is an excellent tool for analysis. It can be used for budget formulation through monthly reporting analysis.
  • Adaptive makes it easy to get down to the most minute level of detail in order to quickly give analysis on the budget, through its modeled sheets, and cube sheets.
  • I don't see any weaknesses from the software, other than it not having the flexibility to make changes to other versions of budgets without affecting previous versions.
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