Adopt Adaptive
Jonny Linehan | TrustRadius Reviewer
November 09, 2018

Adopt Adaptive

Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Adaptive Insights

Currently Adaptive Insights is being used almost solely by our FP&A team. We have given access to other managers also, but they usually reach out to us in Finance if they have any Adaptive related questions. We just recently started using OfficeConnect and this has helped us become more efficient when preparing and presenting our monthly business reviews. Also, we just completed our budgeting process for next year, and by using Adaptive Insights and OfficeConnect together we were able to make real-time updates and show executives immediately what would happen to their budget by adding/cutting what they suggested.
  • Forecasting. When you design sheets correctly you are able to create accurate and insightful forecasts. The integration with NetSuite is also a great feature because you can access all information related to a certain expense and really give useful insights to your business.
  • If I have a question on how to do something in Adaptive it is difficult to search for the answer online. For example, if I had a problem with an Excel formula I could google it and have someone explain the answer to me almost immediately. It would be nice if there were more training resources for Adaptive.
  • Adaptive Insights is a great tool by itself; however, once integrated with OfficeConnect this becomes a necessary tool that once you experience you won't want to use anything else. Creating our reports in OfficeConnect probably saves our FP&A team 10-20 hours a month. This is time we now spend on analysis instead of creating reports.
Adaptive is well suited for individuals and business partners who are familiar with basic financial practices. Here at Workfront, we are trying to limit the amount of Adaptive users because we are working in Adaptive every single day and some budget owners aren't going in there frequently and when they do their information they look at doesn't match our information because they might forget to change the particular version they are using. This is where OfficeConnect is very useful because we can send a slide deck out each month with updated numbers for our budget owners and it is easy, stress-free, and accurate.

Workday Adaptive Planning Feature Ratings

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