Perfect for moving off Excel and into big-boy budgeting
Overall Satisfaction with Adaptive Suite
We are using the Adaptive Suite as a budgeting tool for all the departments within our organization. We had been using Excel which worked back when we were a small company, but as we grew, we realized Excel could not scale with us. The Adaptive Suite gave access to the budget owners wherever they were located and created an audited single source of truth.
Pros
- Accessibility. The tool is accessible to all of our budget owners around the world because it is on the cloud.
- Easy enough to use. Once we built out the infrastructure, the users had no problems going in and putting in their budgets.
- Version! I love being able to make as many versions of the budget as I need with a push of the button.
Cons
- Currencies. I have departments that have individuals from different parts of the world that budget their part or at least their compensation in a different currency. I had to create separate departments for those individuals because you could have multiple currencies in the same department.
- At the end of the day I need to produce an income statement the way board members look at financials. Meaning grouping things into Sales and Marketing, R&D, and G&A. It should be easier for existing functionality to have an IS template that builds out that way without having to go and custom create it and then maintain that custom report with every change.
- There are some complexities in the implementation that are probably unavoidable while building the infrastructure. A good implementation team helps you get through it though. Problem is however, in the future, if you make any significant changes you may be purchasing additional hours.
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