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Effective in cost and use but not a panacea
Updated March 06, 2024

Effective in cost and use but not a panacea

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with Workday Adaptive Planning

I use Workday Adaptive Planning to help understand our spend across the company by GL code as reported via Netsute. Though not perfect, the tool allows me to segregate this spend and extract insights by comparing against time, Dept. and other variables. This is best done by extracting via Excel and manipulating the data there.
  • Summarize data.
  • Clean layout.
  • Aggregate across sources.
  • Ease of use.
  • Robustness.
  • Data dynamism.
  • Data centralization.
  • Accessibility.
  • NetSuite integration.
  • Positive to help organize info and reducing need for manual integration.
  • Prevents me from having to collate raw data from AP
  • Avoids total lack of spend visibility
Workday Adaptive Planning capabilities has impacted my organization's business processes mainly as a result from gaining visibility into previous years' spend in given GL codes which I can then use to revisit stakeholders on what spend may or may not be needed into the new year during year end Procurement strategic sourcing and renewals.
Workday Adaptive Planning's design is fairly straight forward however, for Procurement as an analytic tool is not quit robust enough and needs to be used in concert with other tools. From Procurement's perspective as a financial planning tool, this needs to be taken into consideration as it is no panacea. no where near it.
Workday Adaptive Planning is not as robust as SAP Ariba, but it is certainly better than BadgePass. The trouble with BadgePass is that it can be a but clunky in some modules that seem like clear bolt ons to the main product UI. Whereas, Ariba was clearly built to satisfy Procurement needs.

Do you think Workday Adaptive Planning delivers good value for the price?

Yes

Are you happy with Workday Adaptive Planning's feature set?

Yes

Did Workday Adaptive Planning live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of Workday Adaptive Planning go as expected?

I wasn't involved with the implementation phase

Would you buy Workday Adaptive Planning again?

No

Best suited if it is complementing NetSuite source data, not great as the sole platform for BI in spend searchable by specific variables. Also, this should be expected to be used as a data repository, not really to manipulate. For this, you will need outside tools. For small orgs, should be be fine, for larger remits, suggest looking at dedicated platforms.

Workday Adaptive Planning Feature Ratings

6.0
Long-term financial planning
6
Financial budgeting
7
Forecasting
6
Scenario modeling
Not Rated
Management reporting
5
6.0
Financial data consolidation
6
Journal entries and reports
6
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
6
Detailed Audit Trails
Not Rated
5.8
Financial Statement Reporting
6
Management Reporting
5
Excel-based Reporting
7
Automated board and financial reporting
5
XBRL support for regulatory filing
Not Rated
5.0
Personalized dashboards
6
Color-coded scorecards
5
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
4
Benchmarking with external data
Not Rated
5.7
Flat file integration
6
Excel data integration
6
Direct links to 3rd-party data sources
5
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

Planning, Alignment, and Use

It's pretty good for what it does and provides streamlined BIs. However, larger organizations could look at other more robust S2P/BI solutions , but this is certainly worth taking a look at.
The integration occurred before my time. For SAP Concur, we are currently getting ready for and so far so good.

Using Workday Adaptive Planning

18 - Our folks using Adaptive Planning work in the Human Resources, Financial Planning and analysis, Procurement and business intelligence and other parts of the company that need access to and participate in the budgeting and planning process in connection with the company's current and future spend, budgeting and planning needs. There is some off line coordination between some of the different groups as well.
2 - Mainly the folks that work closest with Adaptive planning at our company are really in the Human resources department, as they need to technically work with the different structural parameters surrounding the hiring of and planning for new, current and former employees. FP&A also has some limited but important ownership in some of the insights pulled from Workday.
  • Human resources planning
  • some operating capital planning
  • Business intelligence reports
  • We use Workday pretty much as intended
  • We may have scope to better use WD capabilities
  • I am not sure
  • this would be a great topic to cover with our WD rep
I am not sure that we are using the service as robustly as possible, and given other services we already pay for, we may need to review which services are best to keep and which can be rationalized for consolidated spend. This is not a reflection of Work Day so much, in as much as it might be that our organization may not be utilizing the software as well as it can or should be.

Workday Adaptive Planning Implementation

  • Implemented in-house
Yes - First, netsuite connector API was put in place. This was followed by reporting structure and usage profiles etc.
Change management was a small part of the implementation and was well-handled - The CFO was the main driver of this implementation as she had used this in a previous shop and served a the biggest internal champion. Once CFO and CEO leadership drove - all else fell in line
  • internal bandwidth availability
  • data scrubbing
  • No others issues

Integrating Workday Adaptive Planning

  • NetSuite
  • SAPConcur
  • Adaptive Planning
Integration with these platforms occurred before my time
  • Evisort
In the future there may be integration with Evisort or another contract management platform
  • Single Signon
  • API (e.g. SOAP or REST)
No. Just these two.
I would advise that all files are segregated and backed up separately an discreetly, this will allow for cleaner pulls and updates and being able to have a single point of refence backed-up locally or on your cloud. This is good advise for any integration.