Adaptive Insights Drives Finance Team Efficiency!
June 21, 2019
Adaptive Insights Drives Finance Team Efficiency!
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Insights, a Workday company
Adaptive Insights is being used primarily by the Finance teams—it is not being used across the full company. It's leveraged for forecasting, budgeting, reporting, data visualization, and ad-hoc analysis. It is not being leveraged for Accounting.
- Clean and approachable user interface
- Easy to build models, similar to Excel
- Frequent updates to the product
- Charting
- Low maintenance overhead
- Security
- More robust/better Excel integration
- Speed
- More custom branding to fit your company
- Faster forecasting process
- Single-source-of-truth for actuals and budget
- More accurate forecasts
- Allows team to forecast concurrently vs individually
- Improves forecast scenario management
- More confidence in data
- Faster financial reporting
Adaptive Insights is well-positioned against the new tier of SaaS players as well as the larger, legacy, on-premise financial planning solutions such as Hyperion and IBM Cognos TM1. Its got an approachable user interface and relatively easy to use models and forecast capabilities. The product continues to get better, especially after Workday acquired the company. Overall, I would say the user interface is more approachable than Host Analytics while the modeling aspect is more intuitive than Anaplan.