A must-have planning tool
Updated January 30, 2020
A must-have planning tool
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Insights, a Workday company
Adaptive Insights is used globally within Finance and within each department. Adaptive Insights addressed the issue of efficiency, user error, real-time data, and the ability to stop being so reliant on Excel spreadsheets.
- Adaptive is a cloud-based system that allows our users to interact with Finance from anywhere in the world.
- Office Connect is a great add-on to Excel that allows us to set-up reports and refresh them in an instant for more detailed information needed throughout the company.
- The report section is great but it doesn't quite give you the flexibility that Office Connect (Excel Add-On) does.
- Adaptive Insights has saved countless hours from updating 100's of spreadsheets that we use to manage during our budget process.
- Adaptive Insights and a Workday company
We didn't evaluate other products. Adaptive Insights was highly recommended by our consultants.
Workday Adaptive Planning Feature Ratings
Using Adaptive Insights, a Workday company
52 - Finance, VP's, Department Heads
2 - Manager, FP&A and Sr. Director of Finance maintain the Adaptive Insights Planning.
- Managing the annual budget process
- Maintain a rolling forecast
- Transitioned countless excel spreadsheets to the Adaptive Planning budget process.
- Transitioned all budget and variance reporting to an electronic process, eliminating paper reports.
- Cash flow planning & forecasting
- Developing an analysis for billable time vs. non-billable time
Evaluating Adaptive Insights, a Workday company and Competitors
Yes - Excel Spreadsheets
- Price
- Product Features
- Product Usability
- Product Reputation
- Positive Sales Experience with the Vendor
- Analyst Reports
We weren't given many budgeting software options during the selection process but that's because we were presented with the best product for our business.
Adaptive Insights, a Workday company Implementation
- Third-party professional services
Maner Costerisan implement both Intacct and Adaptive Insights for CTI.
Change management was a big part of the implementation and was well-handled - When implementing new software you have to look at the needs of your company, as well as policies/procedures, legally required reporting, growth, etc. We are a company going through large expansions and our software at the time couldn't handle the needs. Adaptive Insights was able to accommodate our needs and allow us to evolve into a more robust reporting system.
Adaptive Insights, a Workday company Training
- Online training
- in-person training
I don't think I could use this product without any training. However, with just minimal instruction that I give to my end-users each year, they are able to develop budgets and review reports without any major issues. Additionally, the system works so well, I'm to instruct end-users by phone on the best way to interact with the system.
Configuring Adaptive Insights, a Workday company
Take the time to think things through before implementing any new software product. When looking at how you create budgets think about what would be the most efficient ways for reporting, planning, integrations, etc. It's easier to configure your model the right way in the beginning than to go back and make significant changes later. Although the Adaptive Insights is great at making model changes, it takes a lot of time to validate the changes to ensure everything is working properly.
Yes - we have customized the interface extensively - Since Adaptive Insights is the expert, we worked with their software engineer to customize our interface and they worked through the issues without any problems.
Nothing to note at this time.
Adaptive Insights, a Workday company Support
| Pros | Cons |
|---|---|
Quick Resolution Good followup Knowledgeable team Problems get solved Kept well informed No escalation required Immediate help available Support understands my problem Support cares about my success | Slow Initial Response |
No - At this time, our administrators have the knowledge to operate the product with no additional premium support. However, each year we evaluate our Adaptive Insights model to see what improvements can be made and often enter into a services contract for major changes to our model.
Yes - Yes but in most instances, Adaptive Insights finds the bugs and reports them to us to before we notice.
After a services contract was closed out, my company noticed a issue with some changes that were made but it wasn't until 3 mos. later. Our customer success team tracked down the original person to review the case and make corrections to the issue and fix it within a day.
Using Adaptive Insights, a Workday company
| Pros | Cons |
|---|---|
Like to use Relatively simple Easy to use Technical support not required Well integrated Consistent Quick to learn Convenient Feel confident using | Lots to learn |
- Since Adaptive Insight is a cloud based system we can interact with our global team in real-time.
- Since we are a global company, we have 20 different currencies (and growing) with our model. The system seamless handles currency conversion with the transactions, budgets, etc.
- The formulas are somewhat confusing for me but I am currently working towards understanding them so that I can be a more active participant with making model changes to formulas, etc.
Yes, but I don't use it
Adaptive Insights, a Workday company Reliability
Integrating Adaptive Insights, a Workday company
- Intacct
- Paycor
Intacct and Adaptive Insights integrations has worked out great. Paycor hasn't been able to develop an API that will seemlessly integrate the HRIS into Adaptive. Therefore we export data from Paycor and import the data into Adaptive Insights. The hope is to be able to have a direct link, so that we can regularly update information electronically vs. a manual process.
- Paycor
No-Paycor doesn't currently support the integrations, even though they use Adaptive Insights. We are hoping that they are able to develop the API soon.
- File import/export
- API (e.g. SOAP or REST)
Nothing was missed.
Be sure to think the process through so that data is brought over to Adaptive Insights and it maps correctly by validating everything before finalizing your project. This is a necessary step to any implementation.
Relationship with Adaptive Insights, a Workday company
I'm not sure what the principle terms were for the original vendor, since its been 6 years since our initial implementation. However, our initial implementation was only the Planning model. Since then, we've added integration, reporting and office connect. We are anticipating adding additional model products in the future to begin having financial reports run through Adaptive.
The most important tip to me is that you should make sure that the vendor has had a few implementations under there belt. Obviously having an experienced implementer with knowledge of your type of business helpful, as well. The best information is to check references and make sure you do enough research to ensure your vendor truly has the expertise to get the job done. Take the references with a grain of salt and make sure to ask good questions.
Upgrading Adaptive Insights, a Workday company
Yes - I would say for the most part the upgrade of my model went okay. The issue I had was that the implementer was not consistent and didn't test changes before he told me they were done. Testing the logic, once you've made changes in the model goes along way to ensuring validation.
- The Office Connect Update - Now other people can view an OC document without having to log-in to the software.
- Quicker integration
- Better reporting options