Adaptive Insights will help your company adapt to the future of finance.
January 05, 2017
Adaptive Insights will help your company adapt to the future of finance.
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Suite
Adaptive Insights is being used across the entire company as a tool to forecast and budget monthly financial revenues and expenses. It has helped streamline our planning processes by allowing for one source of data input which in turn provides finance with one form of data output or information to build yearly financial budgets/forecasts.
- Structure of levels/departments so that all managers have specific places to add their business needs.
- Ability to link separate planning models together to create a complete plan. Relating to the budget manager/user is key. If planning by GL account doesn't make sense for the user then it is nice to build them a separate model that represents their business and then allow Adaptive to pull the needed information together for finance.
- Different types of models. They have "Sheets" which consists of 3 different types Standard, Model, and Cube. Standard allows you to plan by account (row) by month (column). Model is more for planning in a list view. Cube is like creating a Pivot table in Excel and having the ability to plan differently based on how the accounts are sliced and diced (row vs. column).
- More functionality with formulas. There are a lot of different places to add a formula and it can sometimes be confusing. As well as when you're building formulas there aren't as many functions like Excel to reference other accounts, months, or versions (plan).
- Reports - they allow the building/modifying of reports but when you are needing each user to modify the reports with notes you are also giving them access to modifying how the report is run. It would be nice to see some added permissions for report building vs. modifying vs. editing notes.
- We approved our budget a month earlier in 2016 vs. 2015.
- Less focus on rolling the numbers and more on the business needs and changes for the upcoming year.
- Simplified our forecasting process. We can now create a monthly forecast which provides us with an accurate future projection of year-end or rolling performance.
- Helped us close the month's financials in less than 2 days and present a monthly financial package with little effort.