Adaptive Insight offers reporting flexibility
March 20, 2018
Adaptive Insight offers reporting flexibility
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Insights
It's currently used by finance department for reporting purposes. Adaptive captures the data in multiple accounts and dimensions. It provides transparency in presenting the actuals/budget/forecast figures to the relevant business unit. It enables the user to identify an anomaly and drill down to the lower level dimension to investigate the root cause. It is also being used as a budget and forecasting tool with several versions across all business unit cost centres.
Pros
- Adaptive is easy to use. It enables direct manual input to the spreadsheet and also direct file upload for bulk input. It also has multiple accounts, version, level, and dimensions which give more flexibility to the user in customizing the reporting layout. It adapts to the current business needs which requires multiple various lookout angle of to the data presentation.
- There are various online trainings provided to get an insight and knowledge on how Adaptive works, and the support team has also been very helpful. They are always ready and attend to my query for all of the problems which I encountered in using Adaptive.
- I use Office Connect for Excel and it has performed tremendously well. Once the formula is set up in the Excel file which is linked to Adaptive, I am able to just do a quick change to the criteria and refresh my monthly reporting file, and the file is ready! As simple as that. It saves me a great deal of time and enables me to perform my reporting process efficiently.
Cons
- There are many things that can be improved in cube sheet. Here and below are the examples : There is no tools to direct upload accounts GL data to cube sheet. It's currently available for standard sheet but not for cube sheet an it has to be created manually one by one.
- The numbers in cube sheet cannot be linked to standard sheet by formula or vice versa.
- Currently there's no connection between office connect and adaptive website report. Love to see any improvement in this area for example : office connect file can be saved as a one of the report in Adaptive website and vice versa. It's stand alone at the moment and there's no flexibility around it as the user have to stick either way in office connect or Adaptive website report once they create it.
- It provides great efficiency in budget and forecast exercise, as well as month end reporting.
Adaptive captures data in lower level and various multiple variables such as accounts, dimensions, level, time, scenario, which provides greater transparency and enables user to identify the anomaly. It improves the data quality and accuracy and also enables faster reporting cycle.
It provides efficiency to my reporting turnover time, which I can spend more time in analysis and relevant stakeholders engagement.
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