TrustRadius
Adaptive will save you hours every month and enable you to do things that were never possible before
https://www.trustradius.com/corporate-performance-management-cpmAdaptive Insights, a Workday companyUnspecified8.6220101
Justin Wade profile photo
October 23, 2017

Adaptive will save you hours every month and enable you to do things that were never possible before

Score 10 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Adaptive Suite

There is a learning curve to using Adaptive but it is easily overcome with regular use. Once a user is comfortable with the tool it is easy to navigate and faster than moving between and maintaining multiple files as was required before Adaptive was implemented.
We use Adaptive in the Finance and Accounting Department. It's primary use use is to produce a monthly rolling forecast. We also use it for annual budget creation, actual vs. budget/forecast reporting, what-if scenarios, and resource planning. Based on it's success in Finance, we are considering rolling this out to other department leads for budgeting and resource planning.
  • Adaptive is the best tool I have used to maintain an up-to-date live forecast. As soon as I hear of a change in staffing or spending patterns I make the adjustment in one place and Adaptive feeds it through to every report and forecast that pulls that information.
  • Adaptive saves countless hours in resource planning. When making a decision to hire new staff it is easy to see the short and long term effect on the forecast and adjust on the fly as needed.
  • Being able to create multiple versions of the budget and forecast is crucial when planning. By creating a simple report you can see all variance between the versions with a few clicks of the mouse.
  • There is always room for improvement with speed. Many users are used to Excel which has instant results when you change a formula. Although it is just a couple seconds to refresh, this can deter some users.
  • Having a feature to highlight a cell in a cube or modeled sheet would be helpful. People use this all the time in Excel to draw attention to a particular data point.
  • Adaptive has significantly decreased the time to generate month end financials and associate forecast.
  • Adaptive has enabled us to easily create what-if scenarios which either were not possible before or would be too time consuming to take on.
Adaptive has enabled a quick and accurate monthly generation of current year or multi-year forecast. All forecasts are updated immediately once actuals are integrated.
By using Adaptive it saves my many hours per month freeing up time to look at KPI's and think more strategically about where the organization should head which previously was pushed aside due to time constraints.
Adaptive is an excellent tool for forecasting and resource planning and it integrates smoothly with Excel. I have used it only for financial purposes and haven't encountered anything it can't handle.

Adaptive Insights, a Workday company Feature Ratings

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