Adaptive a home run product
September 27, 2018

Adaptive a home run product

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

Overall Satisfaction with Adaptive Insights

Adaptive is being used for all our budgeting, forecasting, and board reporting. It is currently being used by just the finance department, but I have been at a previous organization where it was more widely used. Adaptive has really helped us make our monthly, quarterly, and board reporting much more accurate and efficient. Moving from Adaptive and out of Excel has really allowed us to get important information into the hands of our executive team much quicker.
  • The security settings are very easy to implement. I can easily give access to our analyst in Europe access to only their portion of the budget with just a single click.
  • Being able to quickly spin up multiple versions of a plan make scenario planning very efficient.
  • The reporting functionality is robust and can be done by the team.
  • The implementation process could be a little more straight forward
  • The ROI has been great. We were probably able to eliminate at least one future position which gives us about a 6X annual ROI
The ease of reporting is probably the biggest time saver for our department. The ability to streamline line reporting has been phenomenal. Our CEO will say it use to take the previous FP&A team 2 days to turn around a request of mine and now it takes you team 10 minutes.
The amount of time it has freed up for myself and the team has been invaluable. We have been able to be more strategic to the rest of the organization. It has also allowed us to be flexible and nimble.
We had looked at Anaplan, but people on our team had a stronger comfort level with Adaptive and the sales process with Adaptive felt less agressive.
Adaptive is very well suited for small and large companies. Like any software implementation, there is a little bit of heavy lifting up front to get it up and running, but once you do it makes the FP&A organization much for efficient and strategic. It has also been very useful for integration acquisitions.

Workday Adaptive Planning Feature Ratings

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

Using Adaptive Insights

I've only had positive experiences with Adaptive at the two company's I have used the product at. The ease of use is very impressive and has saved me and our team alot of wasted time.