Overall Satisfaction with Adaptive Suite
We use Adaptive for Budgeting, Forecasting and Long Range Planning, and Management reporting. It is used extensively across our global organization. I currently have 60 users and approximately 40 are active uses or Adaptive.
- Allows for each entity or department to work in local currency. Adaptive seamlessly consolidates and converts all data to USD so I have a clear picture of the total company consolidated results at any time
- Integrated connection with NetSuite to upload actual data in less than 5 minutes. Allowing to do variance reporting, actual vs budget or forecast in a matter of minutes instead of hours or days.
- Reporting, I can create a set of reports for users to view the financial data. I create one set of reports that are accessed by multiple uses and because of security and filtering on the reports, users can only see the data that is relevant to them and only what they are allowed to see.
- Easy access via the web, allowing international users as well as traveling executive trouble free access to our model at anytime
- Fully Customization to our business practices, with little IT support. As a Financial professional I can easily work with the model and adjust formulas or update our model based on the changing needs of our business.
- Dashboards, fulling integrated dashboard capabilities that are updated as the data real time as the information in the model changes.
- Adaptive is adding new features and functionality very quickly. There are typically 3 major releases a year. Sometimes when new features are introduced they really do not work as demonstrated in training. Adaptive should do more vetting of new features and making sure enhancements are ready for wide scale use.
- Loading data from NetSuite for companies with multiple entities. Now when data is loaded its all or nothing. Sometimes there are changes to only 1 or two companies , it would be nice to have an indicator of which company data has changed and have the option to only load changed data.
- Some additional security features would be helpful, such as being able to allow access to one user if they need to do a quick update to the system, currently this is based on user role rather than individual user.
- As and Admin, having the ability to have in system broadcast notes to user, such as " Adaptive will close at 5pm PDT today" and users would get the message if they are signed in or the message would pop up when they sign in.
- Navigating between sheets could be improved, currently this is done via links, but sometimes it a bit bothersome to go between sheets
- The ability to change the currency view on a sheet. Currently a sheet will default to the local currency of a sheet, but sometimes you might want a quick view of the sheet in USD. This is not possibly you have to run a report to see the USD conversion.
- Being able to access reports from the dashboard. Dashboards are great for quick analysis but sometimes you have more meaningful data on reports. If you can put a link on the dashboard to reports this would be helpful for users.
- Once Adaptive was deployed we shorten our budget input cycle from about 1 month to 1 week for user inputs. Allowing more time to do meaningful analysis
- With the use of office connect for BoD package reporting, I am able to quickly update a BoD deck. It usually takes about 30 minutes to an hour to change the settings in my standard reports and once this is done, if I make a change to the data in Adaptive, I can update the base reports and my PowerPoint slides are updated in a matter of seconds to minutes.
- I estimated we save 1 to 2 FPA headcount because of Adaptive.
- I have a 3 Year license agreement with Adaptive and because of this we receive multi year discounts.
Adaptive certainly allows for quick reporting. Once reports are published you click on the report make your selections and the data is display quickly. It is very easy to write reports for almost any situation, Variance analysis, management reporting, CEO and CFO summary reports are all examples of reporting I utilizing in Adaptive.
Adaptive has definitely improved my time for analysis. We spend less time getting data into the system because the sheets are easy to use and tailored to individual business needs which allows more time for meaningful analysis.
I have used Hyperion and TM1 solutions in the past.
Hyperion was expensive and difficult to implement, requires more technical knowledge to set up the business rules for more more hands on IT support.
TM1 was a great tool for FP&A users. However TM1 lacked a report writer and was not a cloud based solution so access for international offices and those who traveled frequently had challenges. Adaptive offers a well-rounded solution cost effective solution with easy access, user friendly interface, built in report writer and dashboard capabilities.