Adaptive Insights Allows a Lean Finance Team to Manage a Dynamic Business
May 27, 2019

Adaptive Insights Allows a Lean Finance Team to Manage a Dynamic Business

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

Overall Satisfaction with Adaptive Insights, a Workday company

Currently, only our finance department, which consists of a VP, director, manager, and three financial analysts, is using Adaptive Insights. Each individual owns a certain portion of our model, usually aligned with the business they support. We have built our complete business model in Adaptive Insights so that we can forecast our financial statements, as well as forecasting and tracking key process indicators and business metrics.

Pros

  • Consolidation.
  • Detailed modeling.
  • Integration with accounting systems like NetSuite.

Cons

  • Permissions for users by the account in addition to the level. The use case being letting a financial analyst see the headcount sheet with the comp for the organizations he or she supports, but not for the finance and accounting departments to hide the salaries of other team members from them.
  • Currently, the View Dependencies feature does not seem to work very well, so you really can't see all the places a certain account is showing up in your model. It would be nice to have greater visibility to see where each account is used in the model so that you know how changing that account will change your model.
  • The Account Code in Reports is different than the actual account codes, so it is hard to know what account is actually being used in the report.
  • Adaptive Insights has helped us leverage each analyst and member of our finance team so that we can run a really lean team and avoid hiring more analysts.
  • It has helped us manage our business to hit our financial targets.
We use Domo instead of using the Adaptive Dashboards.
Adaptive Insights is suited for financial budgeting, planning, reporting, forecasting, and modeling. The dashboarding is not great for our purposes. It also will not replace a CRM like Salesforce, which is fine.

Workday Adaptive Planning Feature Ratings

8.2
Long-term financial planning
10
Financial budgeting
8
Forecasting
9
Scenario modeling
7
Management reporting
7
7.3
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
10
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
2
5.5
Financial Statement Reporting
6
Management Reporting
8
Excel-based Reporting
4
Automated board and financial reporting
4
XBRL support for regulatory filing
Not Rated
3.0
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
3
Key Performance Indicator setting
3
Benchmarking with external data
3
7.0
Flat file integration
Not Rated
Excel data integration
Not Rated
Direct links to 3rd-party data sources
7
BI Standard Reporting ()
Not Rated
Ad-hoc Reporting ()
Not Rated
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
Access Control and Security ()
Not Rated
Mobile Capabilities ()
Not Rated

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