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Forecasting made easy
Updated December 18, 2022

Forecasting made easy

Manuel Lora Fernández | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Workday Adaptive Planning

Adaptive is being used across a department within one of our Divisions. Adaptive allows us to prepare and project our monthly Forecast and annual Budget. The Adaptive built-in reports are key for our department to analyse the evolution of our forecast and the comparison with our budget. Furthermore it gives you a tool to control the projection of our intercompany recharges.
  • Flexibility
  • Ease of use
  • Intergration with other tools (SAP, SAP FC, Excel)
  • Reporting
  • Formatting of the built-in reports
  • Performance should be inproved for larger datasets
  • Dashboard improvements. Formatting and the option to integrate reports
  • Better integration with Workday
  • Data traceability
  • Save down different versions
  • Interface to our consolidation tool for forecast and budget
Our previous tool for Forecasting and Budgeting was Microsoft Excel and for sure Adaptive stacks up when we compare both ways. Just to mention the data traceability, configurability and time saving that Adaptive Insights has brought to our department.
Easy to integrate with ERP such as SAP thanks to their API interface. Importing to Adaptive is smooth and easy to configure. Also when exporting to another application is needed, well suited interfaces can be built to fulfill any needs. After our migration to SAP, we tried to change our organisational e-structure and move some cost centers from a level folder to another. That causes a loss of historical data and until today I am not sure if there is a safe way to do something like that.

Workday Adaptive Planning Feature Ratings

8.6
Long-term financial planning
9
Financial budgeting
9
Forecasting
10
Scenario modeling
7
Management reporting
8
8.6
Financial data consolidation
10
Journal entries and reports
8
Multi-currency management
7
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
9
Detailed Audit Trails
9
8.3
Financial Statement Reporting
7
Management Reporting
8
Excel-based Reporting
9
Automated board and financial reporting
9
XBRL support for regulatory filing
Not Rated
7.5
Personalized dashboards
5
Color-coded scorecards
Not Rated
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
9
Benchmarking with external data
Not Rated
9.0
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
9
BI Standard Reporting ()
Not Rated
Ad-hoc Reporting ()
Not Rated
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
Access Control and Security ()
Not Rated
Mobile Capabilities ()
Not Rated

Planning, Alignment, and Use

After assessing the existing systems architecture and taking the time to understand the goals ofthe finance team, the implementor was ready to get to work.Using their knowledge and experience, they designed a bespoke solution structured to meet the needs of our financial planning team. Within eight weeks, the new system was fully functional, and all necessary training was complete. By clearly explaining how the solution worked, offering specialist supervision and support whenever required, the implementor provided a practical, easy-to-navigate system.
Adaptive
has an Integration solution which allows us to connect to almost any data
source. The tool is really flexible allowing multiple methods to integrate.The integration framework acts as a secure bridge for importing data and metadata from different data sources into Adaptive Planning. Data sources can include spreadsheets, databases, and cloud-based or on-premises systems. You can filter, clean, map, and merge the information coming from these sources to eliminate potential import errors.

Workday Adaptive Planning Implementation

  • Third-party professional services
Planalyse, now Kainos, has been a Workday Adaptive Planning partner for over four years. Provider of financial planning and analysis deployment solutions intended to serve commercial customers in Benelux, Spain and Portugal. The company specializes in building forecasting models to anticipate changes, improving forecasting models already in operation, financial consolidation, reporting and disclosure solutions as well as integrating all the systems bi-directionally, hereby helping organizations to leverage flexible and dynamic models to support rolling forecasting and driver-based budgeting.
Yes - The implementation was managed using a managed using a agile-style
approach. This is specifically designed to ensure that customers get input to
the model design at every stage, with opportunity to tweak the design to suit. This
methodology also provides customers with a steady stream of work during the
project, making it easy to keep the project moving, whilst maintaining the day
job.
The implementor divided the project in different packages. Once a package prototype is
built, it will be demoed to the customer, who will provide their feedback, so the implementor can finalise the build and demo again. Sometimes a couple of iterations are needed.
Change management was minimal - N/a
  • it took some time to get the credentials to access to the Adaptive training site

Integrating Workday Adaptive Planning

  • Access Dimension
Customer needed to integrate Adaptive with Access
Dimension to get the relevant data into Adaptive. The connection was easy to achiave:
We were connecting directly to
the underlining SQL Server of Access Dimension to get the data.

Access Dimension is an On-premise system which is deployed
within the customer Network. The connection to Access Dimensions
SQL Server was SSL encrypted using a certificate provided by customer.

A view was created in the SQL Server which contains all the
relevant data required in Adaptive.
  • Salesforce
Yes, the integration is supported.
  • File import/export
  • Single Signon
  • API (e.g. SOAP or REST)
  • Javascript widgets
No, these are all
It is always recommended to clean the data before integrating to Adaptive.