Once setup, a very useful tool.
March 23, 2018

Once setup, a very useful tool.

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Adaptive Insights

It's a little cumbersome to set up new sheets/formulas, but once set up the system works very well.
The software is being used across the whole organization to create annual budgets, year-end projections, and monthly income statements. The security allows the company to give different users different access rights.
  • The security is simple to use. We can restrict users to only see certain departments or sheets. We can also limit who sees salary information.
  • Reports are easy to create and can be exported in a clean format to Excel or PDF.
  • The systems allow you to enter data directly into the software or you can upload data from an external source.
  • The programming of new sheets and formulas can be created with limited programming knowledge but you need to bounce around to a few different windows to get some formulas to work. I think it's easier to create formulas in Excel, but once the formulas are created they work well.
  • The software has saved us a lot of time with our month end reporting. We can complete the majority of customization within the software. We download the reports to Excel and complete 1 or 2 minutes of tweaking and the reports are ready to go.
  • What-if scenarios are easy to create and we can compare these scenarios side-by-side easily.
The reporting cycle is much quicker with Adaptive. We make very few changes to the reports outside of Adaptive.
We trust the formulas and how the data flows in the software so we spend less time double checking to make sure formulas are working and more time analyzing the numbers.
Adaptive is good for creating a budget or rolling forecast. It also has strong reporting capabilities.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
7
Financial budgeting
9
Forecasting
9
Scenario modeling
9
Management reporting
10
Financial data consolidation
10
Journal entries and reports
7
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
9
Financial Statement Reporting
10
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
8
XBRL support for regulatory filing
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
6
Cost and profitability analysis
7
Key Performance Indicator setting
7
Benchmarking with external data
9
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
Not Rated