Happy repeat Adaptive Insights customer
March 14, 2018

Happy repeat Adaptive Insights customer

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Adaptive Insights

Great, intuitive interface & thoughtful implementation of features.
Adaptive Insights is being used by our organization as the source of financial truth for FP&A. We constructed our budget in Adaptive Insights, are using it for rolling forecasts, and are using it as the source system for investor and management financial reporting.

Pros

  • The system interface is quite easy to use for financially-oriented employees.
  • The versioning tools are excellent and minimize confusion as we roll through versions of the budget and forecast.
  • The reporting tools are flexible and clear.

Cons

  • Working with businesses using data sets of many dimensions and high cardinality can be difficult - our organization had to shoehorn multiple dimensions in by using some system hacks which were less than optimal.
  • While reporting is flexible, the in-environment reporting tool has limited formatting capabilities. It would be nice for it to look more polished.
  • Office Connect, the tool to import data into Office documents, can be a bit tetchy and not always update particularly well.
  • It has radically simplified our budgeting process - no more consolidation, no questions regarding versioning.
  • It has made management of multiple scenarios a breeze and helped us to create a solid basis for longer-term modelling.
  • It has given us a source of truth for forward headcount planning - it is an excellent communication tool between finance, HR, and department heads.
We have implemented management reporting through OfficeConnect to create polished, updatable financial close packages - we anticipate using many more features going forward, but are not there yet in our implementation cycle.
Adaptive Insights has allowed us to shave headcount in our FP&A department and given us much more time to think about the soundness of our forecast processes, rather than spending time on the raw math and the consolidation of numbers. I have far more confidence in the documents I get from my team when I know they're coming out of Adaptive Insights.
Adaptive Insights has a much lower cost of ownership than any Oracle application and is far more usable; it can be maintained by the Finance team rather than requiring a lot of back-office IT heads.
Adaptive Insights is very well-suited to budgeting across an organization where there are multiple stakeholders in multiple locations, and when rollups are essential. One note of caution is that if you are working with data sets of very large cardinality, and have complicated revenue buildups, it is possible to strain the capacity of the underlying data cubes and calculation engines - long lags can be experienced if you work with this kind of data.

Workday Adaptive Planning Feature Ratings

8.2
Long-term financial planning
9
Financial budgeting
9
Forecasting
8
Scenario modeling
8
Management reporting
7
Not Rated
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
7.7
Financial Statement Reporting
7
Management Reporting
9
Excel-based Reporting
7
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
7.0
Flat file integration
7
Excel data integration
Not Rated
Direct links to 3rd-party data sources
7
BI Standard Reporting ()
Not Rated
Ad-hoc Reporting ()
Not Rated
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
Access Control and Security ()
Not Rated
Mobile Capabilities ()
Not Rated

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