Adapt to the Future: How Adaptive can Save you Time and Money
April 19, 2019

Adapt to the Future: How Adaptive can Save you Time and Money

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

Overall Satisfaction with Workday Adaptive Planning

Currently, Adaptive is used by our entire finance department. In the past, we did all of our budgeting and forecasting in excel. Adaptive has removed the headaches we used to experience and seamlessly brought everything together in a way that facilitates cooperation and communication. The dynamic nature of adaptive makes it a very collaborative experience and it does a wonderful job at satisfying all of our forecasting, budgeting, and reporting needs. Furthermore, Adaptive integrates very well with Domo enabling us to create beautiful visualizations across versions that make storytelling to executives a true delight from the finance end.
  • Modeled Sheets are great.
  • Their formulas are easy to use and questions are easily answered when/if they arise.
  • The reporting capabilities are very nice.
  • Integration with our ERP and other cloud services has been great.
  • Our biggest gripe has to do with the speed. Sometimes pages can take a long time to load, but those long load times are minuscule compared to the ones we had before.
  • The View Dependencies feature does not work and it would be extremely helpful.
  • Accounts used in reports acquire a unique code within the report and fail to show the unique code of the account in your instance. This can make it hard to identify which account you are actually using in large reports with similar accounts.
  • Adaptive saves us hundreds if not thousands of hours per year. This increase in efficiency results in cost savings north of $100k.
  • It has transformed the way we collaborate within the organization and increased morale within the finance team.
  • With Adaptive, we have truly become a dynamic, active planning finance department.
I am not as well informed on the competition to Adaptive; however, many financial experts that I have talked to within the industry rave about the software. A few team members of mine recently left to work for different companies and have complained to us that the software at their new positions is miles behind Adaptive. The ease of the use and capability Adaptive possesses really distinguishes it from the competition.
I think Adaptive is well suited in a lot of different scenarios. As a SaaS company, Adaptive has served us extremely well. Granted, it is a lot easier to keep our instance clean when we only have one product being sold. However, I have been to user groups and listened to companies in a wide array of industries and their finance leaders are very satisfied with Adaptive. It doesn't matter if you have a very complex organization or a simple structure, Adaptive can save you a lot of time!

Workday Adaptive Planning Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
8
Management reporting
8
Financial data consolidation
8
Journal entries and reports
8
Multi-currency management
9
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
8
Detailed Audit Trails
6
Financial Statement Reporting
Not Rated
Management Reporting
Not Rated
Excel-based Reporting
9
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
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10