Agile Reporting and Planning with Adaptive
Anonymous | TrustRadius Reviewer
October 30, 2018

Agile Reporting and Planning with Adaptive

Score 9 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Adaptive Insights

Our organization currently uses Adaptive across over 20 separate sites for both regular monthly forecasting and the yearly budget process. Adaptive's cloud-based system replaced complex models built entirely in Excel, which led to version fragmentation and a certain lack of quality due to files passing through so many hands. Adaptive has allowed our organization to simplify our forecasting and budgeting for non-finance professionals handling their team/site's projections, while providing a more robust toolset to these end users. From a financial control standpoint, we've been able to develop stronger version control and the overall quality of our org's projections has improved dramatically.
  • Allows for better integration between multiple business segments, which in turn leads to faster and more robust projections for the whole organization.
  • Adaptive's simple user interface ensures that stakeholders without a proper Finance background still can navigate our projection entry processes with relative ease.
  • Adaptive's strong network of consultants and community resources allow for great support from the original integration on through continuing support years after go-live.
  • Adaptive has strong integration connnections with other financial or CRM sources, especially with NetSuite and Salesforce. However, there could be more tools available for greater dynamic imports, especially where headcount/payroll data is concerned.
  • Adaptive could benefit from more flexible data visualization tools, especially involving pre-created tools that layer on-top of existing sheet data.
  • Adaptive's OfficeConnect platform has been a major boon to our standard reporting process, and easier functionality around this tool would make reporting even easier.
  • Adaptive has helped our organization to streamline the forecast and budgeting process through better version control and more hands-on involvement by local stakeholders. This has led to better planning for hiring talent and analyzing student performance/retentionn factors.
  • Reporting has become much easier to produce and modify on the fly, which allows us to be more agile when considering future growth plans or funder/donor requests.
  • While our finance team has been able to engage better with various business segments, there is sometimes a lack of investment by non-finance professionals, which can lead to a lack of trust in the overall process.
Adaptive is extremely well-suited to implementation in organizations with multiple, segmented business units which don't necessarily have the strongest finance training/background but nevertheless are managing forecasting/budgeting for their individual unit. Adaptive has allowed our organization to develop better, more accurate reporting on a shorter timeline as a result of centralizing the entry points for all teams within the org.

Workday Adaptive Planning Feature Ratings

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