Adaptive - BEST tool for FP&A Budgeting & Forecasting!
June 08, 2017
Adaptive - BEST tool for FP&A Budgeting & Forecasting!
Score 10 out of 10
Vetted Review
Verified User
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.