Forecasting Replacing Excel Made Easy
Updated July 29, 2022
Forecasting Replacing Excel Made Easy
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Workday Adaptive Planning
Adaptive Insights is being used primarily as a shared sales forecast tool for one of our Sales Categories. The outside sales team input sales numbers directly and then we use that data to generate a monthly sales forecast. We also update actual sales information in Adaptive and report out based on actual-versus-budget/forecast.
Pros
- Adaptive eliminates the need for Excel sheets for budgets.
- Adaptive uses the cloud to share similar data and have data updated simultaneously, where with spreadsheets you might have to wait for someone to enter data into a spreadsheet or someone manually copy data into a master file. Adaptive becomes the master file.
- It helps store history quite well when wanting to compare things from previous periods or to look at trends.
Cons
- When looking at totals on average selling prices, the sheet tries to average all of the selling prices instead of calculating total sales dollar and volume.
- We used Adaptive to replace an Excel based forecast for one of our biggest sales categories. We have multiple outside sales reps that can enter the forecast without having to wait for others to finish.
I don't know as I haven't looked deeply at other packages.
Workday Adaptive Planning Feature Ratings
Using Workday Adaptive Planning
5 - Sales, accounting, and management
2 - Accounting personnel. We worked with an outside consulting firm for support.
- Sales Reporting
- Forecasting
- Budgeting
- Profitability by Sales Rep and Customer
- Eliminate shared excel spreadsheets
- Streamline the forecasting process
- Expand the budget use
Evaluating Workday Adaptive Planning and Competitors
Yes - It replaced excel spreadsheets.
- Product Usability
It had to be easy to use.
Workday Adaptive Planning Implementation
- Third-party professional services
It was a preferred partner from the Columbus, OH area. I believe the company was bought and owned by a bigger company now.
Yes - We implemented the 3 different sales products separately, then added financial data.
Change management was a minor issue with the implementation
- How to match the excel sheets for some sales categories that did not have quantity but sales dollars
Workday Adaptive Planning Support
| Pros | Cons |
|---|---|
Quick Resolution Good followup Knowledgeable team Problems get solved Immediate help available Support cares about my success Quick Initial Response | Not kept informed |
No. We did not.
Using Workday Adaptive Planning
| Pros | Cons |
|---|---|
Like to use Relatively simple Easy to use Well integrated Consistent Quick to learn Convenient Feel confident using Familiar | Requires technical support |
- Forecasting
- P&L upload/download review
- Budgeting
- Advanced Sales Categorization
Comments
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