Adaptive Admin Review
January 30, 2018

Adaptive Admin Review

Zach Miles | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Adaptive Suite

Speaking on behalf of my company, it seems that most of our users found Adaptive easy to adopt as a new planning tool. However, most users haven't fully embraced Adaptive to make their lives easier. Personally, I would rate Adaptive 9 out of 10 because it has made my life easier. From an administration point of view, this is primarily due to less IT involvement and more standardization across all business units.

Titan International, Inc. primarily uses the Adaptive Planning module to consolidate Actuals and Planning versions into a single source environment. Titan also gathers metric data, detailed sales information, and capital spending projects through various inputs and data loads. With the data housed in Adaptive, Titan has the ability to populate various monthly/quarterly reports, packs, and presentations using a single tool. Titan has 50+ locations around the world and every location uses Adaptive Planning.

One of Titan's weakest areas is technology (multiple outdated ERP systems). As Titan is currently implementing a worldwide Cloud ERP system, Adaptive has functioned as the "glue" for data gathering and collaboration (instead of Microsoft Excel).

Pros

  • Very reliable cloud solution as there is hardly any down time. Less stress knowing that colleagues around the world have the ability perform their duties without the hassle of errors, waiting times, etc.
  • Certain areas look and feel like Microsoft Excel. Seamlessly copy from Excel and paste into Adaptive. This helps people adopt Adaptive quicker.
  • Adaptive's administration, customization and formula writing can be very powerful even without the need of an IT professional. This greatly reduces setup time of building models, input sheets, etc.
  • Adaptive's support team is very efficient and resourceful. It's nice not having to wait for an answer.

Cons

  • If a company is involved with multiple currencies in Adaptive, expect to use workarounds for weighted average exchange rates. Ex. YTD Income on the balance sheet.
  • The workaround was not difficult but this seems to be a missing functionality.
  • Adaptive's Excel add-in called OfficeConnect should function more like Oracle Essbase with drill downs and expansion.
  • Some limitations on Adaptive's dashboarding tool called Discovery. Ex. Viewing Year over Year without the need of a workaround.
  • Adaptive has paved the way towards a more standardized view of our company.
  • Adaptive has made it possible for our company to compile full year forecasts at an ongoing pace (monthly).
  • Personally, Adaptive has reduced the overtime spent on building reports, packs and presentations.
The Adaptive Suite has allowed us to "go the extra mile" in terms of reporting. Before Adaptive, our company could only populate high level, quarterly reports using Excel. The time involved was also extensive due to multiple versions of everything. Now that Adaptive has paved the way towards more standardization and "Push Button", we have the time to construct more in-depth and automatic reporting and analysis functions.
Essentially, Adaptive has reduced the overtime spent on checking the quality of submitted data, monthly / quarterly reporting and any special requests from upper management. With Adaptive, I now have time to examine the areas where we need the most improvement. Instead of looking at our business through the rear-view mirror, we can now focus on where our business is headed.

We selected Adaptive over Hyperion because Adaptive implementation involved far less IT expertise. We also did not have any involvement with other Oracle products at the time. Adaptive appeared to be an easier platform to adopt.

Judging from a short webinar of Hyperion, Adaptive appears to have much more customization for model building with its robust formula writing capabilities.

Adaptive is well suited for a business that uses Microsoft Excel (like my company did) for its consolidation, planning, reporting, and analysis. Adaptive almost entirely eliminates IT's involvement in those processes so it's beneficial to any business with limited IT resources.

Adaptive is also well suited for businesses looking to adopt rolling forecasts with multiple scenario views of the future.

Workday Adaptive Planning Feature Ratings

9.2
Long-term financial planning
10
Financial budgeting
9
Forecasting
10
Scenario modeling
9
Management reporting
8
Not Rated
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
Not Rated
Not Rated
Financial Statement Reporting
Not Rated
Management Reporting
Not Rated
Excel-based Reporting
Not Rated
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
7.6
Personalized dashboards
6
Color-coded scorecards
7
KPIs
9
Cost and profitability analysis
7
Key Performance Indicator setting
9
Benchmarking with external data
Not Rated
7.5
Flat file integration
7
Excel data integration
8
Direct links to 3rd-party data sources
Not Rated
BI Standard Reporting ()
Not Rated
Ad-hoc Reporting ()
Not Rated
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
Access Control and Security ()
Not Rated
Mobile Capabilities ()
Not Rated

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