Great software, great pros, and not significant cons
Timothy Bradshaw | TrustRadius Reviewer
April 29, 2019

Great software, great pros, and not significant cons

Score 9 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Adaptive Insights, a Workday company

Adaptive Insights is used by Finance to assemble all company budgets into one place. Currently, finance is the only one that logs in. It helps us complete the budgeting process, have one source of truth, and report final numbers to the board and executives. It allows for immediate backup, being in the cloud, and you can log in from anywhere.
  • They have a really good Excel tool where you can pull and push data.
  • It does really well at being adaptive and letting you change things.
  • I really like the user interface.
  • I don't love the dashboarding that it has. I feel it's trying to compete with other solutions and doesn't do that well.
  • Sometimes it can be slow.
  • It costs a lot per user.
  • You spend less time verifying models and numbers and can move on to actual work.
  • The reporting function, OfficeConnect, has been a huge time saver for us.
  • Allowing multiple users in the system at once is extremely helpful.
Adaptive Insights is better than their competitors because they have better "best practices" implemented, the product has a great interface, it has structure so your model doesn't get too messy, and it works well. It also has great scenario planning, Excel reporting functions, and allows for multiple users to be in the system.
It is well suited for assembling budgets all in one place. It can also be used well to have all the department heads or budget owners in your company login and input what they need to. That helps roll everything up so we can see how the budget it coming in. It also allows for good reporting.

Adaptive Insights, a Workday company Feature Ratings

Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
9
Management reporting
9
Financial data consolidation
9
Journal entries and reports
7
Multi-currency management
6
Intercompany Eliminations
6
Minority Ownership
6
Local and consolidated reporting
9
Detailed Audit Trails
9
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
9
XBRL support for regulatory filing
6
Personalized dashboards
9
Color-coded scorecards
9
KPIs
8
Cost and profitability analysis
9
Key Performance Indicator setting
8
Benchmarking with external data
9
Flat file integration
7
Excel data integration
7
Direct links to 3rd-party data sources
7