Adaptive blows away the competition
October 24, 2017

Adaptive blows away the competition

Jimmy Roybal | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Adaptive Suite

I'm a veteran to FP&A, and have used Excel, Oracle Hyperion/Essbase, and several other tools. And this by far is the best. it has been the easiest to use because it's all on-line (off premise) and doesn't require any assistance from IT or Developers to make changes to your data fields and/or attributes.
We use Adaptive Suite for all of our budgeting, forecasting, and reporting needs. All business unit owners have access to both Adaptive Planning and Discovery. This product addresses all of our planning, BOD reporting and IR decks as well.
  • Allows real time what-if scenarios
  • Great for preparing financial decks via PowerPoint / Office Connect
  • Provides detailed budgets to allow business unit owners to build itemized budgets
  • Excel Add on for Planning still needs improvement. Very slow and cumbersome.
  • Discovery (dashboard reporting) has improved over the years but still needs to allow more flexibility with reporting and the data attributes that you can use to build out dashboards.
  • Needs more ways to provide end user access so that you can add more security around what each person can see.
  • What if scenarios on the fly
  • BOD Deck and KPI reporting
  • short budget / forecast cycles
This has enhanced data integrity and facilitate all of the monthly / quarterly reporting needs.
I am able to provide more accurate forecasting and have increased productivity.
Adaptive Suite is easier to use and cheaper. It all on-line and off premise so no additional capital spent. And you don't need any assistance from IT or Developers.
I think the Office Connect add on with Adaptive Suite is the best way to leverage Adaptive Suite, and allows end users (finance) to still have flexibility with Excel. If you are a small company with only one person building a budget then I wouldn't recommend Adaptive until you're ready to increase your user group.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
9
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
Personalized dashboards
7
Color-coded scorecards
7
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Excel data integration
9
Direct links to 3rd-party data sources
8