Adaptive Insights - Definitely a Winner ... Easy to Use, Efficiency Gained, and Errors Reduced
Limin Kinsey, CPA, CFE | TrustRadius Reviewer
November 14, 2019

Adaptive Insights - Definitely a Winner ... Easy to Use, Efficiency Gained, and Errors Reduced

Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Adaptive Insights, a Workday company

Phase 1 of our project included our Administrative team and C-Suite only. Adaptive has helped with 'real time' collaboration efforts among our team using Process Tracker for Task Assignments and a communication medium, as well as Workflow for protecting data integrity during the planning process. It helped streamline and gain efficiencies in planning, 'what if' scenarios, and reporting; it's also reduced the inevitable, unintentional Excel workbook errors.
  • The design of the planning sheets, flexible functioning of the assumptions/drivers, and familiar formula creation has great user appeal since it simulates the similarities with the Excel worksheet interface, so buy-in/ownership from a Finance group perspective is easily overcome even for those that have a bit of 'change-phobia'.
  • The Finance group REALLY can run this CPM product. No IT support needed which is critical from a resource standpoint.
  • User collaboration is made simple and easy with the Process Tracker functionality and further supported by offering users the ability to enter cell notes on planning items, sheet notes, line notes in analysis reporting, share reports via email, snapshot reports, and attach documents related to quotes for the planning process - just to name a few little hidden gems that serve us well in the planning process resulting in greater efficiencies.
  • The Adaptive Learning Center provides a wealth of information for users in a how-to-do well-guided format with both written and video learning mediums. In addition, the involvement in the Torchbearers Community provides a community chat portal to pose questions and gain additional information on best practices from other Adaptive users of varying levels of expertise.
  • Being rather new to the Adaptive product and our laser focus on capitalizing on the advantages we were severely lacking in our former budgeting tool, I don't have any solid examples of areas or room for improvement yet. As we continue to gain familiarity and begin our implementation of Phase 2 with our Program areas, I will be able to assess more in-depth whether Adaptive meets our needs fully as more individuals with varying capacities and capabilities will be involved in our Phase 2 roll out, so feedback will be plentiful.
  • Adaptive has had a very positive impact on our planning process by providing the ability to collaborate and has reduced the inevitable errors encountered with our other budgeting tool.
  • Our ROI is proving out exponentially with the increased efficiencies gained, time saved from streamlining of our processes, and the overall enhancement with staff communication throughout the budget cycle.
After researching several CPM products, Adaptive and Prophix actually both met our needs quite well. The Adaptive Sales & Design Team went above and beyond in the early stages of exploring whether Adaptive could meet some of our very specific needs. Adaptive's customer service during the exploration phase was noticeably present. We chose Adaptive and a vendor in our local area to implement. Budget Maestro seemed to require more IT resources than what we desired to invest. Vena Solutions was a bit pricey from our perspective and Xlerant didn't quite have what we were looking for in a budgeting tool.
Adaptive Insights is well-suited for accommodating different areas within the organization that have different cost drivers and/or have different allocation needs. The capability to design planning sheets using the lookup values offers flexibility that was difficult to produce with confidence in our other planning tool. Using dimensions and attributes within our organization's design, allows the ability to dissect data in different ways and report in more flexible formats to meet user needs. In addition, the OfficeConnect plug-in with Adaptive offers expanded Board reporting capabilities where Adaptive Reporting may come up short. The Discovery Dashboard provides quick visuals for C-Suite on demand.

Workday Adaptive Planning Feature Ratings

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