Adaptive for Planning & Reporting
March 19, 2018

Adaptive for Planning & Reporting

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

Overall Satisfaction with Adaptive Insights

There are some things that could be done to make it easier. For example, if I want to pull an expense from a new sheet, I have to create a formula on all levels under that expense account.
Adaptive Insights is being used by the finance department primarily for planning. We also use Office Connect for reporting. It simplifies the planning process and also gives us quick, push-button reports.

Pros

  • You are able to make changes in the expense plan based on headcount, organization, location. All changes flow nicely and are updated based on hiring plan.
  • Any changes made to income statement flow through to balance sheet and cash flows. Makes planning easier because you are able to test versions and quickly see the output.
  • Office Connect is a great way to get push button reports with identical format.

Cons

  • I would love to be able to open more than one Office Connect document at a time.
  • There are many features similar to excel, but are missing some features. For example, I'd like to be able to select a group and delete, or select a group to copy/paste.
  • Budgeting and forecasting cycles are much quicker.
  • Month-end reporting is just an import and a push-button export of the report.
  • Can create new versions for scenario modeling.
Data quality is better - reports pull from exact accounts and departments. Always accurate and very quick to pull. I don't use dashboards.
More time looking at variance analysis. Simplifies process and always know it will be accurate.
Well suited for planning different scenarios. Bring in actuals to compare the plan to actual. Good for use when needing to scale as a company grows.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
Financial data consolidation
5
Journal entries and reports
Not Rated
Multi-currency management
5
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
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
Not Rated
Flat file integration
Not Rated
Excel data integration
Not Rated
Direct links to 3rd-party data sources
Not Rated

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