Adaptive Insights
October 22, 2018
Adaptive Insights
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Insights
We are using Adaptive to allow us to provide financial reports with different groupings and views that the accounting software could not provide. As we continue we will be adding key metrics that will provide individual business leaders actionable items that can directly impact the P&L.
- Infinite ability to group accounts and departments for reporting. The only limitation is the number of ways that you think of in terms of consolidating the information.
- Being able to build scalable, complex, distributed, budget models. With the data we can bring into the system and the formulas we can use we have all the functionality of the spreadsheet, but with the flexibility to allow leaders across the organization to participate and update their section.
- The platform allows multiple forecast/budget versions which allows for version control and sensitivity analysis. I can lock versions from changes while quickly creating a new version to see the impact of a +or- scenario to the company’s profitability.
- With the OfficeConnect tool we can leverage Excel to provide repeatable reports for the board and other business leaders that are repeatable from month to month. While the platform provides more flexibility than an accounting package it still has limitations. Using OfficeConnect I can leverage the power of the Microsoft suite of Excel/Word/PowerPoint directly.
- When trying to learn about a new feature or a feature I have not used previously it is sometimes difficult to find that information on the help section.
- Adaptive can be deployed through consultants when they do not have specialized knowledge like higher education. This sometimes makes it difficult to determine who to contact when experiencing issues with the model after implementation.
- You are limited to one master chart of accounts. When you have multiple businesses this can cause some difficulties that can be overcome, but takes additional thought and planning and can cause issues when making changes.
- We have been able to look at product line profitability and key metrics that would have been difficult to pull together in a timely manner. This has led to insights where we should focus our efforts.
- By integrating with the accounting system we are able to leverage Adaptive to speed the accounting close with teen analysis and error checking.
- Once we determine a metric is important we can then work with IT to capture the data and house it in the system. This allows the finance team to focus on analytics rather than data mining.
Adaptive provided the best solution for the price given how we wanted to deploy the solution. For our size business they appear to the be best in class solution.
Host Analytics appeared to provide the same functionality, but was for a more distributed budgeting and forecasting environment than we use now or for the foreseeable future.
Hyperion was far to expensive to for us to prove out an ROI.
Host Analytics appeared to provide the same functionality, but was for a more distributed budgeting and forecasting environment than we use now or for the foreseeable future.
Hyperion was far to expensive to for us to prove out an ROI.