Adaptive - BEST tool for FP&A Budgeting & Forecasting!
Sandy Arami | TrustRadius Reviewer
June 08, 2017

Adaptive - BEST tool for FP&A Budgeting & Forecasting!

Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Adaptive Suite

My organization uses Adaptive in our Finance department - specifically FP&A - for financial budgeting and forecasting. In my experience it is the best budgeting and forecasting system I have used. Adaptive is extremely flexible and allows you to make multiple versions of your forecast quickly, which allows you to drastically reduce the amount of time it takes to create and edit a new month's forecast. It also updates in real time seamlessly for all users in an intuitive and powerful UI.
  • Budgeting and Forecasting
  • Collaboration between Business Unit Managers and Budget Owners
  • Reporting - able to build custom reports quickly
  • Would love to see integration with Salesforce
  • Needs more layout options for reporting
  • Requires a "lead user" that knows the modeling and system admin functions extremely well
  • Huge benefit in budgeting and forecasting
  • Allows finance more time to work on projects
  • Able to make quick on-the-fly changes to existing forecast to drive business decisions
I have used TM1 and Hyperion in the past and I find Adaptive to be cleaner, more flexible, quicker, and more powerful. It is extremely user friendly and intuitive which means the ramp time for a new employee to feel comfortable and competent with the tool is comparably short. It is flexible and quick which means less time is spent doing the nuances of creating and checking formulas, layouts, templates, etc. And above all it works fantastically well, which is the most important part.
This is simply the best tool for budgeting and forecasting that I have seen or used. But it is also great for reporting and modeling. If you have accounting data that flows through another software, you can easily import and map that data to Adaptive, but it would be great to see implementation with Salesforce. This is primarily for use by an FP&A team, and even though budget-owners should see the work done in Adaptive, they should not need access to the system itself.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
9
Management reporting
7
Financial data consolidation
7
Journal entries and reports
5
Multi-currency management
8
Intercompany Eliminations
8
Minority Ownership
Not Rated
Local and consolidated reporting
8
Detailed Audit Trails
10
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
7
XBRL support for regulatory filing
Not Rated
Personalized dashboards
7
Color-coded scorecards
8
KPIs
8
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
9
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
9