TrustRadius
Great forecasting & budgeting tool
https://www.trustradius.com/corporate-performance-management-cpmAdaptive Insights, a Workday companyUnspecified8.5219101
Harry Vasels profile photo
Updated November 12, 2015

Great forecasting & budgeting tool

Score 10 out of 101
Vetted Review
Verified User
Review Source

Software Version
Asdaptive Insights
Modules Used
All

Overall Satisfaction with Adaptive Suite

We were one of the early adopters of Adaptive and have used this for budgeting, forecasting, "what-if" scenarios, business changes, etc. It has been a staple of the business and improved our budgeting and forecasting. It has allowed us to review our business model and test out the possible impacts of changes to our organization or business model. As an organization we are very positive regarding Adaptive and have demonstrated it to a number of companies that added this to their organizations.
  • Budgeting because of it's flexibility
  • Forecasting in different areas of the business because it allows input from our operating personnel
  • "What if" scenarios that allow us to look at the impact of making changes within the organization
  • It imports the data to Excel but it would be nice if it was a bit more flexible in converting it's formulas to Excel formulas
We have renewed this a number of times. It fits our business model and it is now an integral part of our organization.
It is used throughout the company in different divisions and at our corporate level. When used in a division recently the personnel from different departments directly inputted data and monitored their budget against actual. It is very user friendly and flexible.
We have used Adaptive for years and it works well as we adapt to changing business scenarios. We can make changes and see potential impacts to our business before they occur.
This is one of the best features as personnel in different areas at different sites can work together on the budget, forecast or "what-if" models.
This product can be used in many areas of differing organizations. It can be adjusted to almost any business model I can think of...extremely flexible.

Adaptive Insights, a Workday company Feature Ratings

Long-term financial planning
8
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
Not Rated
Financial data consolidation
10
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
Not Rated
Financial Statement Reporting
Not Rated
Management Reporting
Not Rated
Excel-based Reporting
Not Rated
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Personalized dashboards
Not Rated
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
Flat file integration
Not Rated
Excel data integration
Not Rated
Direct links to 3rd-party data sources
Not Rated

Using Adaptive Suite

40 - Finance, operations, sales, marketing, engineering & IT
2 - Good business knowledge of what we do
  • Forecasting
  • Budgeting
  • Future business decisions

Evaluating Adaptive Suite and Competitors

  • Product Features
  • Product Usability
Adaptive had the right features and was a very user friendly product for us.
We probably would not change much. We evaluated 5 different products and Adaptive was the best fit.

Using Adaptive Suite

Easy to use and extremely flexible
ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
Familiar
None
  • Setting up the model
  • Data input
  • Making changes to the model and fitting to organization
  • The worst is setting up the personnel function for allocations

Adaptive Suite Reliability

We can access Adaptive anytime 24/7 from any computer or laptop pc or Mac. They are committed to keep this product up to date and relevant