Highly Recommend Adaptive.
January 19, 2018
Highly Recommend Adaptive.
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with Adaptive Suite
We use it as our main budget/forecasting model within the FP&A team and executives have read-only access to pull up monthly financial results for their respective departments. It helps us more reliably budget and forecast, eliminating the need for a large Excel model, which is prone to user error and can get difficult to maintain as it gets bigger and more robust. It also allows us to perform quick forecast changes or sensitivity analysis, usually only requiring a change in an assumption or input. This becomes very useful during quarter end reporting where changes are required at the last minute.
- Very customizable. You can set up your financial model any way you'd like based on what works best for your company. Set up is also easy to get a handle on. We had hands-on training for 3 days and were able to start building out our models on our own with minimal help afterward.
- Reports and dashboards are extremely easy to use and build on your own. Recent updates to the dashboard/discovery pack allow users to easily drag and drop items to build interactive dashboards that execs find easy to understand.
- Extremely easy to maintain the model. Once you have set up your model, its very easy to manage on an ongoing basis, leaving more time for analysis rather than administrative work.
- When we purchased the software, there was no template model for SaaS companies. Given Adaptive itself is a SaaS company, we had hoped that we would receive a template that would have saved us some time upfront in building our models. And we probably would have to build some out differently. But I understand this may be an option for new customers.
- Some basic functionality like YTD calculations are not built into the formula functionality. You have to manually build this into the formula yourself. But it is an easy fix. It just would be nice to have that, as most companies would be interested in a YTD calc.
- Being able to format reports/dashboards a bit better with +/- variance differentiators
- Significantly decreased our budget cycle time. Fewer hours dedicated to running multiple excel scenarios for the budget season and more time spent assessing the overall assumptions/inputs.
- Reduced our month-end reporting cycle to 2 days with forecasting ready.
Faster reporting cycles for sure. We are able to make last minute forecast changes on a whim with little effort, compared to hours needed in Excel. Templates are all set up with results available with a click of a button.
More time for strategic analysis. Less time spent formatting and checking numbers.