Updated December 23, 2015

Adaptive Insights Works!

President

Financial Analysis and Control Technology Services LLC (FACTS)Management Consulting, 1-10 employees

Score 10 out of 10

Vetted Review

Verified User

Use Cases and Deployment Scope

I've recommended and implemented Adaptive Insights for over 20 clients since 2006 to address their need of a comprehensive performance management solution or are upgrading from Excel to address planning, consolidation and reporting needs. Adaptive's solution flexibility, comprehensiveness and commitment to service excellence are just a few of the reasons I'm very happy with the product.

Pros and Cons

Flexibility - can address many different types of business problems. Haven't found a business model that can't be replicated or improved using Adaptive.
Comprehensiveness - includes off the shelf functionality to handle varying requirements but also has integrated solutions for BI, consolidations, reporting and data integration as well.
Support - Very helpful service including orientation, training and technical support.
Cost - Lower operating cost than most Enterprise class applications with lower cost of ownership.

Creating metadata (accounts, departments) framework for the CPM could be made easier with an up-to-date UI/UX.
List structures to address very large data sets as shown in a modeled sheet could be enhanced.
More flexibility to display varying time periods on screen as well as multiple versions on the same screen.

Alternatives Considered

Oracle Hyperion Enterprise Performance Management,IBM Cognos,SAP BPM,Tidemark,Host Analytics

Lower cost (1/3 to 1/2) than the enterprise class applications. Faster development and lower cost of ownership. Better UI and flexibility of design. More efficient storage/database model.

Likelihood to Renew

Continued investment in making the product/service better.

Return on Investment

Increased ROI due to greater employee efficiency and lower cost of ownership

Likelihood to Recommend

In my experience, I haven't found any business situations where it can't be used. Can be used effectively with disperse FP&A, Sales organizations, especially if the disparate organizations have different planning and reporting needs. Its process tracking capability is very helpful for large finance organizations to monitor the close, forecast and budgeting processes, among others.

Support Headcount Required

Implementation

Although having a set of spreadsheet and workbooks helps to define the logic and processes, preparing a requirements document is also an important element in a successful implementation. In addition, dedicating a knowledgeable user as part of the "Scrum" development allows focus and permits the implementation to proceed without time loss and promotes knowledge transfer. Finally, having an onsite developer speeds the process and can reduce the overall cost as well.