Adaptive Insights offers incredible ROI
October 13, 2015
Adaptive Insights offers incredible ROI
Score 10 out of 10
Vetted Review
Verified User
Modules Used
- Planning & Office Connect
Overall Satisfaction with Adaptive Insights
Adaptive is being used by our organization primarily as a planning and forecasting tool. Prior to an acquisition we were using the Consolidation functionality as well and we still use it to compare budgets to actuals and to look at spending trends. We do an Annual Operating Plan, quarterly forecasts, and monthly forecast updates, all in Adaptive. We are also using Office Connect for monthly and budget reporting.
- Adaptive is extremely user friendly. We implemented the first phase in just six weeks and rolled it out to budget managers with a one hour webinar. People took to it immediately and needed very little support from finance to complete their budgets.
- Adaptive is very flexible. My company was recently acquired, so there have been a huge number of changes in the ways we look at our financials under the guidance of the new company. Adaptive has eased the transition considerably because we were able to adjust the reporting and rollups very quickly, while still maintaining the detailed assumptions underlying the plan.
- One of my favorite things about Adaptive is that finance can maintain it ourselves. The logic of the system is very intuitive, and with the cloud-based architecture, we don't need IT support to make changes to the functionality of the system.
- Our forecasting and budgeting has become far more accurate with this system. There are less errors, as all of the data is housed in one place, and we don't have the version control issues we did with Excel.
- For the most part, when there have been updates to Adaptive, we haven't had issues. But there were a few bugs in the last updates that required work-around solutions. I know this is normal with software, but I got spoiled with Adaptive not having problems before.
- Some of the back end logic, while generally easy to use and figure out, can be cumbersome to update. There are a lot of manual tweaks that have to happen - I wish that some of the items could be updated with load files.
- We have a working model that is serving us well, but I wish Adaptive had better training to help us take the system to the next level.
I have used Hyperion, Prophix, and an internally-developed Access based solution for budgeting, along with Excel. I honestly never want to be in a non-Adaptive environment again. It has most of the flexibility and ease of Excel, without the version control and linking issues that come along with it. Since it's hosted, budget managers can log in easily to update their budgets and see their monthly financial results. The Finance team can maintain the system internally, without having to request assistance from IT. And with Office Connect, creating and updating reports is so fast and easy, it saves so much time we used to spend manually updating and linking new files.