Solid and intuitive planning solution
Updated March 14, 2024
Solid and intuitive planning solution
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Workday Adaptive Planning
We purchased Adaptive Insights three months ago and are currently still in the implementation phase. We have our PnL currently up and running but it is our intention to build a full three statement model in Adaptive. The very intuitive interface allowed us to progress quickly with the implementation. At this moment all of our users are from the local finance teams but as we progress with the roll-out of our functional budgeting we will give other departments viewing and reporting access as well.
- A very intuitive solution from a budget contributor point of view. The sheets are clean and the drag and drop functionalities make it easy to get started.
- The many different custom dimensions and attributes make it easy to slice and dice the data to your liking.
- The Adaptive logic is different than the Excel logic so it does require you to revise your current Excel models to bring them onto the platform.
- We are still trying to figure out if, and how easy it is to bring more complex models to Adaptive (predictive modeling, Monte Carlo simulations etc).
- The time used for data gathering and consolidation can now be used for data analytics.
Adaptive seemed to be the most user-friendly, easy to implement, and cost-effective solution.
Workday Adaptive Planning Feature Ratings
Using Workday Adaptive Planning
300 - Primarily the financial planning & analysis teams in our local markets (US/UK/CA/NL/ANZ/etc) and our holding company in Berlin. Some folks from our accounting and tax teams have access as well. There is limited usage from other non-finance-related teams.
6 - We have approx 6 people that perform admin-related tasks, two in the US and four in the holding in Berlin. Two of these admins were part of the Adaptive implementation team back in H2 2019. Skills differ between team members. There is a pretty clear separation of duties and some of the most common tasks are saving down new budget versions, uploads of actuals from Oracle during month-end close, user management, and model enhancements.
- Annual Business Planning and Quarterly Reforecasts
- Using OfficeConnect for Month-End Close Variance Analysis
- Data repository for historical financials and budgets
- Maintaining P&L consistency across all local markets
- Budgeting on a very granular level across multiple dimensions (brand, account, cost center, location) using cube sheets
- OfficeConnect has become our main go-to for reporting
- Simplified budgeting process for Intercompany forecasting across entities using cube sheets
- I'd be very interesting in a further integration between Workday HRIS and Workday Adaptive Planning to further improve our headcount planning process.
- Dashboarding is still not very good in Adaptive. We still mainly rely on other systems (excel, tableau, etc) while there could be an opportunity to bring some of that onto the adaptive platform if it improves.