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Adaptive Insights - Great for Budgeting and Planning
December 19, 2019

Adaptive Insights - Great for Budgeting and Planning

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Adaptive Insights, a Workday company

Adaptive Insights is our main budgeting and forecasting software used by the entire organization. Our finance team is responsible for making all updates to our operating model within Adaptive, and budget owners currently use Adaptive for its reporting functionalities so they can see what is currently in their approved budget and any budget versus actuals analysis they need.
  • Dimensions and attributes that allow us to slice up data in many different views depending on what is needed
  • Ease of importing and downloading data
  • Sheets can be slow to load at times
  • There is a relatively steep learning curve for formula syntax/logic (but this applies to most other software)
  • Ability to quickly makes changes to our rolling forecast and seeing the impact on future periods
  • Reduce the amount of manual work needed for reports and slide decks
We ultimately chose Adaptive Insights as we wanted budget owners to use our budgeting/forecasting tool on a regular basis, and we felt that Adaptive was the most user-friendly for non-finance folks.
Adaptive Insights is extremely customizable, so I think it would be a great tool for companies of almost all sizes and in various industries. It's helped streamline our budgeting and forecasting processes tremendously and is the single source of truth for our company. Reporting is also less manual and tedious for the entire finance team.

As it is almost a blank slate when you receive access to your instance, I highly recommend getting a consultant to help with your implementation or to have someone at your company who is adept with systems and has a background in finance.

Workday Adaptive Planning Feature Ratings

9.3
Long-term financial planning
Not Rated
Financial budgeting
9
Forecasting
9
Scenario modeling
10
Management reporting
9
9.0
Financial data consolidation
Not Rated
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
8
8.8
Financial Statement Reporting
10
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
9
XBRL support for regulatory filing
Not Rated
7.0
Personalized dashboards
7
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
9.0
Flat file integration
10
Excel data integration
9
Direct links to 3rd-party data sources
8
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