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Adaptive Planning Budget Submission
October 08, 2015

Adaptive Planning Budget Submission

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

Software Version

2015.2

Modules Used

  • Planning

Overall Satisfaction with Adaptive Suite

Adaptive Suite is being used across the organisation for budgeting, forecasting and monthly reporting. By removing the reliance on multiple Excel spreadsheets it has enabled the business to spend more time analysing data than inputting. We have reduced our budget cycle from 4-6 months to 4-6 weeks.
  • Consolidation of cost centres and business units is great. Rollups are instant. Update a cost centre and it will automatically update all levels above it.
  • Formulas and allocations. Keep it simple if you want or work out complicated allocation algorithms. We calculate all our personnel budget information using these.
  • Workflow is a great assistance with monitoring manager responsibilities and seeing where different areas of the business are in the various budgeting and forecasting processes.
  • Adaptive Suite could do with a report formatting template, rather than relying on Excel. This requires multiple updates due to different headings required on various report versions. If it could be done as a one time update this would be great.
  • Currency adjustments should be able to made to versions where actuals are used for forecasts. At present the actual months used in a forecast can not be adjusted. As our forecasting requirements to our UK parent need to use the same rate YTD this is inconvenient and required workarounds.
  • In the hierarchy there is the ability to enter data into higher levels that overwrite any data below. At present, there is no way to disable data be entered into these levels.
As noted in the last question, I love not needing developers and programmers involved in simple changes. Oracle is great for larger businesses where more control and global development is required.
It is very simple to update data, both monthly actuals and budgeting data, using an Excel template or the connector.
With workflow I am able to track progress on budget and forecast projects in a timely manner. There is also an organiser to track and assign tasks to users. Security is very flexible.
I think if it is a bigger organisation Adaptive Suite may prove ungainly but for mid sized businesses it is ideal. I love the ability to manage the system without the need for developers and programmers needing to be involved.

Workday Adaptive Planning Feature Ratings

7.6
Long-term financial planning
8
Financial budgeting
9
Forecasting
7
Scenario modeling
6
Management reporting
8
5.0
Multi-currency management
5
5.7
Management Reporting
6
Excel-based Reporting
7
Automated board and financial reporting
4
5.0
Personalized dashboards
5
8.3
Flat file integration
8
Excel data integration
10
Direct links to 3rd-party data sources
7
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

Using Adaptive Suite

40 - Senior finance personnel and line managers
2 - I am the only support user required. I have a back up as well. There really is no high degree of skill required above understanding how the Adaptive system is integrated and metadata is configured. Understanding the formula terminology is required and this is quite complex but logical.
  • We are looking to use it for cash flow.
  • We will include a balance sheet.
  • Other areas of the business that support our clients will use Adaptive Suite to manage the clients' external accounting.
  • Budgeting
  • Forecasting & rolling forecast
  • Monthly & ad-hoc reporting
  • We now spend more time analysing data than entering it.
  • I am able to update multiple group reports using templates set up in Adaptive Suite.