Happy repeat Adaptive Insights customer
March 14, 2018
Happy repeat Adaptive Insights customer
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Insights
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.
- 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.
- 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.