You would be foolish not to use a product like this.
November 13, 2017
You would be foolish not to use a product like this.
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Suite
Adaptive is used across the entire organization for budgeting and forecasting purposes. Yearly budget and rolling forecasts with budget to actual reporting on a monthly basis.
- Customer support is top notch, questions are answered quickly. Pushing important updates to customer on a regular basis that make using the product easier and ensure we are aware of changes in the program.
- Obviously the ease of using the product and time savings from using a budgeting program.
- The ability to run scenarios and update forecasts. It takes a minute to start up a new scenario to run comparisons against. I have been in a board meeting and have flipped my screen to a live scenario and updated on the fly as discussions progressed. Instant information instead of waiting to see how changes would affect the company.
- I wouldn't say the program is the easiest to use. It takes time to understand the concepts of how to format. That being said, I setup our instance with limited assistance from Adaptive.
- The online help was weak although it is improving with more video training.
- Positive impact as it has saved finance hundreds of hours of unnecessary work spinning budgets in excel.
- Positive impact because it allows us to perform a rolling forecast and avoids the yearly budget cycle. We always know where we are at 12 months from now. Everyone knows their targets and can plan ahead with confidence.
I believe i have responded to this previously. We now do a rolling 12 month forecast. What if scenarios are run at will based on scenarios as they occur due to the ease of use. Month end reporting times have reduced significantly. As mentioned before, what if analysis now happens at the board level as the need occurs due to the ease of use.
Significantly more time for strategic work as the budget and forecasting cycle is shorter now. Less time spent on budgets, more time on analysis and what if scenarios. More value-add analysis than playing around with Excel. It should be a no-brainer for any finance individual to make the decision to use this product. The ROI is so easy. Spend money on Adaptive or spend hours playing around with Excel. The payback comes in the finance teams efficiency and quicker more accurate information to executives for decision making.
A list would have helped here. IT's been a while since I used a competitive product and am drawing a blank on the name.