Adaptive for the entire organization and SPEED
March 16, 2018
Adaptive for the entire organization and SPEED
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Insights
We use Adaptive across the whole organization. We use it for budgeting including sales forecasting, expenses, sales commissions calculations, capital expenditure planning and various budget reporting. We also use it for our financial reporting system throughout the organization. We are starting to build out dashboard and kpi metrics.
- We like the flexibility of reporting and being able to drill into the detail and both a customer/item level for sales and account level for expenses. It gives much more information available to the user in a single sign on.
- The budget process is very nice. You have the ability to roll over budgets from year to year and make modifications to them. You can go back to a previous version and see exactly how things were budgeted. You have the ability to see prior year actuals by account when budgeting for the next year.
- We are starting to use Adaptive for a rolling forcast/projection tool as well by using a second version of the budget and making that more adaptable to how things are performing throughout the year as well as what is still to come.
- We wish some of the dashboard reporting had some more options in terms of formatting to better show actuals vs. budget or prior year in the charts. There are a lot of color options but not as much in terms of lines or other markings.
- You can drill into the account detail to see the transactions for the monthly information but you cannot not drill into the account detail for the year-to-date columns. This would be a useful feature to have available.
- Our budgeting process went from a 5 month process start to finish to about a 3.5 month process start to finish. This was a great change for our sales force who are still very busy when the budget process was starting before Adaptive. And the review/approval process is such a great tool because you can see changes made in real time without sending files back and forth.
- We are starting to do more what-if scenarion modeling and getting a handle on projections earlier in the year.
- The sales team has praised the sales forecasting process in Adaptive because it is much more user friendly with more information available to them.
Reporting is very neat in that it is just a matter of letter the users know the monthend reports are available for use. In fact they are always available to see their information throughout the month and some people do like to monitor their activity even before getting the message that the reports are final. We also do what-if modeling such as a different budget look for the bank by making some changes in a separate budget version. Very simply to do.
I can get to many parts of the business in less time now. I can easily see what was in the budget plans when things don't match up to actual information too nicely. I find myself spending more time thinking strategically rather than tactically these days because the information is much more available both with standard financial data as well as non-financial data.
We look hard at Host Analytics and softly at Longview and Prophix. Adaptive's advantages was ease of use, offered a full solution and pricing. We wanted to roll this out to the entire organization and felt Adaptive met those needs best and could grow with the company.