Adaptive is a game changer!
March 16, 2018

Adaptive is a game changer!

Karen Phillips | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Adaptive Insights

I think that the reporting is a difficult feature to use. I love the Sheets, and Assumptions, and other features, but the reporting is tough. I'd like to have more training around reporting.
Currently, I am using Adaptive Insights for our budgeting, forecasting, and variance reporting. I am working with my Adaptive support team to also begin using Adaptive for scenario planning. The reports are being used across our entire organization.
  • Adaptive is great at building a budget model, and providing reports around that model.
  • Adaptive allows me to build our budget in various currencies for our global entities.
  • Adaptive is great at allowing me to take a scenario, or version of our budget, and then tweaking it as we consider various business decisions, to determine the financial impact.
  • I think Adaptive has room for improvement regarding the ability to use various sheets from an updated version - I'd like to be able to take a sheet that I've updated - say the Personnel sheet - and then have that information integrated back into a previous version. Hard to explain - and it may be something that I can already do but just haven't figured it out yet.
  • I'd like to have more formatting options with the Discovery tools.
  • We are still evaluating the impact that Adaptive has had on our overall objectives.
I am still working on my processes and monthly reporting with Adaptive, but I anticipate that this will be a strong benefit.
Again, as we are just now using Adaptive, I don't feel like I have a good overall sense of how it has impacted my role, but I anticipate that it will continue to help me with strategy, forecasting, and analytics.
Adaptive was purchased by the previous CFO, so I did not evaluate other products.
Adaptive Insights is well suited to the scenarios I've already listed.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
8
Financial data consolidation
9
Journal entries and reports
8
Multi-currency management
9
Intercompany Eliminations
9
Local and consolidated reporting
8
Detailed Audit Trails
5
Financial Statement Reporting
9
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
Not Rated
Personalized dashboards
8
Color-coded scorecards
Not Rated
KPIs
8
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
8
Not Rated
Excel data integration
Not Rated
Direct links to 3rd-party data sources
Not Rated