Adaptive from the point of view of someone new to forecasting/budgeting tools
October 22, 2018

Adaptive from the point of view of someone new to forecasting/budgeting tools

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

Overall Satisfaction with Workday Adaptive Planning

As far as actual users of the product, my team in finance is the only one using the product. With that said our business partners know we use it and benefit as a result of it. Adaptive gives us the ability to streamline the forecasting processes and ensure accurate results.
  • Multiple users working on the forecast at once is big. If you're running in Excel, you know this is a big pain point. Adaptive solves it by allowing multiple users to be working in and making changes in the model all at once
  • Reporting - such as BvA analysis
  • Speed - Maybe the hypercube will help, but because our model is so big, it is really slow
  • Training materials for new Adaptive users
  • It's been a huge time saver. Turn around on budgeting and forecasting processes drastically cut.
Adaptive is the only budgeting/forecasting tool I've used.
Being in SaaS I would recommend Adaptive. As far as any other industry, I'm not sure.

Workday Adaptive Planning Feature Ratings

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