Great FP & A System
August 22, 2017

Great FP & A System

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Adaptive Suite

Adaptive Suite was used mainly by the Financial Planning & Analysis department to create detailed financial projections and income statement, balance sheet and cash flow projections. It replaced a set of 22 interconnected spreadsheets and allows a much more robust financial model.
  • Headcount planning - this was a thousand times better than using Excel spreadsheets.
  • Variance Analysis - the ability to pivot by any number of dimensions needed allowed for an indepth budget vs actuals process.
  • Office Connect - the ability to link to Excel was extremely useful.
  • It would be nice to have a more clear formula writing system.
  • It's cut down the monthly FP&A cycle by 5 days
Adaptive is great if you have a partially defined financial planning process, but need more security and capability than Excel. If you are not doing any financial planning, it would be best to figure out your processes first.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
9
Financial data consolidation
9
Journal entries and reports
4
Multi-currency management
9
Intercompany Eliminations
4
Minority Ownership
Not Rated
Local and consolidated reporting
9
Detailed Audit Trails
9
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
Not Rated
Personalized dashboards
7
Color-coded scorecards
7
KPIs
9
Cost and profitability analysis
9
Key Performance Indicator setting
9
Benchmarking with external data
9
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10