Adaptive Insights Drives Finance Team Efficiency!
Anonymous | TrustRadius Reviewer
June 20, 2019

Adaptive Insights Drives Finance Team Efficiency!

Score 8 out of 10
Vetted Review
Verified User
Review Source

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.
Well suited for forecasting, budgeting, planning management, ad-hoc analysis, and data visualization. Not as well suited for users who are extremely reliant/dependent on Excel.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
6
Financial budgeting
9
Forecasting
9
Scenario modeling
3
Management reporting
10
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
3
Automated board and financial reporting
5
XBRL support for regulatory filing
Not Rated
Personalized dashboards
8
Color-coded scorecards
5
KPIs
6
Cost and profitability analysis
9
Key Performance Indicator setting
9
Benchmarking with external data
2
Flat file integration
8
Excel data integration
7
Direct links to 3rd-party data sources
7