Great planning tool!
March 11, 2021

Great planning tool!

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

Overall Satisfaction with Workday Adaptive Planning

Adaptive Planning is used by FP&A for financial planning for the whole organization. It addresses the core business problem of having a single point of truth for financial and operational plans. It is dynamic and enables scalability as you refine the model to include more drivers. The real value comes from linking connecting models so a change in one part of the business automatically updates financial projections for a different function (i.e. hiring impacts tech costs).
  • Forecasting
  • Version control
  • Ease of use
  • API
  • Transactional models (i.e. performance limitations with mass data forecast models +1MM rows).
  • Management reporting allocations.
  • Real time forecasting
  • Audit logs, version control
  • Significantly quicker management reporting cycle (weeks to hours)

Do you think Workday Adaptive Planning delivers good value for the price?

Yes

Are you happy with Workday Adaptive Planning's feature set?

Yes

Did Workday Adaptive Planning live up to sales and marketing promises?

Yes

Did implementation of Workday Adaptive Planning go as expected?

Yes

Would you buy Workday Adaptive Planning again?

Yes

Very easy to navigate and Adaptive support is helpful in troubleshooting any questions. Does not take long to get up and running with a simple model and very flexible structure. Challenge is more on designing the best model rather than Adaptive limitations.
Support response time is always within 1 day which compares well with other cloud vendors we interact with daily. Support is facilitated via email/form, an upgrade would be a chat option within the tool for more real-time troubleshooting.
Adaptive planning was selected for a different use case of financial planning and management reporting to which is lives up to expectations. We are pleased with Workday's commitment to expand the product offering as the demands of the business continue to grow.
Adaptive is a fantastic tool for any company still in spreadsheets. The transition to the cloud is made easy by Adaptive and the time to value is relatively low. The real value becomes apparent once the foundational model is set and you build incremental, linked models in the cloud. Real-time updates will impact various parts of your financial forecast and the forecast cycle is greatly shortened. Adaptive is not as suited for big data models at this time but is making progress in supporting this type of forecasting.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
8
Financial budgeting
10
Forecasting
10
Scenario modeling
8
Management reporting
10
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
Financial Statement Reporting
6
Management Reporting
8
Excel-based Reporting
8
Automated board and financial reporting
8
XBRL support for regulatory filing
Not Rated
Personalized dashboards
7
Color-coded scorecards
7
KPIs
10
Cost and profitability analysis
8
Key Performance Indicator setting
7
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
6