Adaptive - Taking The Pain Out of Forecasting And Budgeting
May 05, 2017
Adaptive - Taking The Pain Out of Forecasting And Budgeting
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Workday Adaptive Planning
We are using it across the organization. We use to facilitate our forecasting and tracking our sales opportunities
- Adaptive allows you to quickly modify information in your model and see the results immediately. You can actually see up to two versions of you forecast against a current version on screen at the same time.
- The OfficeConnect tool for reporting is an add-in in Excel that is very intuitive to make adhoc reports or reports to be used in board packages. The tool also works with PowerPoint and Word.
- The implementation of Adaptive is quick. At my prior and initial exposure with Adaptive we implemented in one month. At Circor, I implemented the tool my self in about the same time.
- Another great selling point for me is that I did not need IT resources to help with the implementation or current use of the system. We load our trial balances and transaction detail each month using Excel.
- There is not much that I don't like about Adaptive. They usually do a couple of major updates each year that put out new functionality based on what the user community is requesting.
- One item that I did think needed some work was the Adaptive Discovery module that basically creates a dashboard for your data. It was a little difficult to keep updated and was not easy to build. I have not had the module for the last year or so and I do know they did some updates to enhance the tool.
- The impact on ROI is definitely positive. We have a model that excludes the Adaptive Discovery tool and it costs us around $45K for approximately 30 users. We focus more on analyzing our data instead of trying to compile various spreadsheets. We are constantly updating and improving our model.
- By having such a nice interface and getting more people involved in our forecasting/budgeting process the quality of our forecasts have improved.
- Once you have budgeting/forecasting process done as a normal monthly process it is not as much of a drain on the organization as doing one annual budget a year.
Our corporate entity using Hyperion and Adaptive is so much easier. There are several people involved in managing Hyperion where as I am the only one managing Adaptive. The ability of an end user to build a Hyperion report impossible unless you are a superuser. However, in Adaptive I can show any user how to build a report in about 30 minutes. Also when you see the formulas in the report they are usually intuitive if you build your Adaptive model appropriately.