Good budgeting/ forecasting tool
March 14, 2018
Good budgeting/ forecasting tool
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Insights
My company uses Adaptive Insights for budgeting. It's used across the organization by all department managers.
- Adaptive Insights is very user friendly even for people who don't regularly use Excel. It has Excel type functionality; however, it's simpler and more intuitive in use. All our managers have access to their departments, and are overall happy with the program.
- Adaptive Insights provides good and simple security settings. We have set a secure one-click sign in into the system. Also, it's easy to give security/permission to department managers based on their roles and information that they need to see.
- The company provides regular updates.
- There is an Adaptive Insights version of Excel connection to the system (Office Connect) that we use for reporting, which is helpful in building complex and multi-dimensional reports.
- We would like to be able to finish a budget and make it 'static,' which is currently impossible in Adaptive. In the budget, there are formulas that run off the actual imported data. So if updated data is imported, the budget changes. It would be helpful to create a static copy and then compare it to the various scenarios when importing the new data.
- Positive impact for us is that the system is easy to use.
- Another positive impact is that it's easy to make a change, and the impact is immediate on the bottom line.
- Connectivity to Excel reporting is also a huge plus.
For us, Adaptive Insights helped to to make budgeting and budget reporting faster, and it also helped with budget reporting.
Adaptive Insights helped us to make budget changes faster. In the past, if a change was made in one department, it took some time to run the changes through all budgeting schedules. Data in Adaptive Insights is connected so a quick change flows through the system. This also makes it more accurate and reliable, as it's very easy to make a mistake if you are manually making a change in multiple schedules.
We compared Oracle and Adaptive.