Adaptive for all analysts
March 20, 2018

Adaptive for all analysts

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

Overall Satisfaction with Adaptive Insights

Adaptive is very user-friendly. There have been a couple things that can be cumbersome but overall, it is a very good tool.
We use Adaptive as out primary forecasting tool for all SG&A. We are currently implementing Revenue and COGS.

Pros

  • Adaptive has great, knowledgeable and responsive support consultants.
  • Adaptive along with the report tool OfficeConnect is very user-friendly and allows you to forecast and report easily.
  • Our company has constant GL/Dept/Product structure changes but making those adjustments in Adaptive is easy.

Cons

  • Being able to have a consolidated view of all split level detail regardless department or account.
  • Automatic GL/Department/Product structure updates from Oracle.
  • Giving the businesses the ability to model scenarios without having an admin to create a separate version.
  • We went from having to maintain 40 different spreadsheets to having a consolidated model.
  • Updating various assumptions in a matter of minutes instead of days has been invaluable.
  • Reforecasts for the business have been so much easier not only on the finance team but also the business leads.
No, but I'd be interested in getting demos of useful dashboards and what-if analysis on the fly!
As the owner of SG&A for the consolidated enterprise, Adaptive has been invaluable to my role. I'm able to spend my time doing more analytics than maintaining 40 different spreadsheets. I'm able to report on the consolidated enterprise within minutes as opposed to days or even weeks.
I wasn't at my company when they chose Adaptive but I think we made the choice based on reporting and ease of use.
Adaptive is solid for SG&A forecasting. We are currently implementing COGS and Revenue and haven't run into many issues. However, if your company has multiple entities, maintenance can be a little cumbersome.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
4
Management reporting
8
Financial data consolidation
8
Journal entries and reports
7
Multi-currency management
4
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
6
Detailed Audit Trails
3
Financial Statement Reporting
Not Rated
Management Reporting
7
Excel-based Reporting
8
Automated board and financial reporting
Not Rated
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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