TrustRadius
Best of breed application that is relatively easy to get up and going + maintain
https://www.trustradius.com/corporate-performance-management-cpmAdaptive Insights, a Workday companyUnspecified8.6220101
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May 10, 2019

Best of breed application that is relatively easy to get up and going + maintain

Score 10 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Adaptive Insights, a Workday company

We are using Adaptive as our system of record planning and reporting application. The FP&A team is the primary editor of information, but read-only information is widely consumed across the org.
  • Excellent documentation with articles and videos.
  • Strong implementations network of consultants.
  • Accessible staff for Q&A (like formulas Friday and other weekly sessions).
  • Being cloud only, occasionally the model may be slow to load or update.
  • Certain features like user assigned sheets are edit only or no access (no read-only access).
  • Dimension level security is coming in a future release (Fall 2019).
  • Cannot have multiple security profiles per user (one profile per account).
  • Reduced our FTE needs by two.
  • Instilled trust in the numbers across the org by providing a highly available, cloud-based access to the system. No more emailing reports.
Adaptive stood out because it seemed on the easier end to implement and has a wide customer base (so it is easier to hire people who have used the system before). The total cost of ownership was competitive and scales with the number of seats.
Adaptive is great for lining up multiple version (variance analysis) and a nice mix of structure and flexibility. We still maintain some more complex models outside of the system in Excel and application scripts like cohort models.

Adaptive Insights, a Workday company Feature Ratings

Long-term financial planning
7
Financial budgeting
8
Forecasting
8
Scenario modeling
5
Management reporting
9
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
9
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
10
Automated board and financial reporting
9
XBRL support for regulatory filing
Not Rated
Personalized dashboards
10
Color-coded scorecards
9
KPIs
9
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
9

Using Adaptive Insights, a Workday company

50 - Broad use in Finance and Accounting. Executive and P&L owners consume information via reports and dashboards.
4 - 3 person FP&A team and 1 business systems person.