Great product that makes my job easier.
April 29, 2021

Great product that makes my job easier.

Marvin Hartsfield | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Workday Adaptive Planning

[Workday Adaptive Planning is used] as the primary tool for budgeting and forecasting for the Finance department. Also used to track KPIs across the organization. All comparisons vs a budget are done with Adaptive.

Reporting is done using the office connect tool in both Excel and PowerPoint. Reporting is done from the board level to the individual department level.
  • Organizes a large amount of data in a very accessible way.
  • Easy to change or modify formulas
  • Easy to learn and implement.
  • Formatting and display options for dashboards are limited.
  • Scenario planning is hard to carry from one version to the next.
  • Reporting has limited formatting options.
  • Allows us to do a detailed forecast with minimal staffing.
  • Quicker turnaround time on board reporting
  • Increased the number of KPIs we can track.

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

Workday Adaptive Planning has detailed online help with both articles and videos that are comprehensive. It has a lot of similarities to Excel, which most finance people are already familiar with, plus the user interface is intuitive and easy to pick up. The online support team is quick to respond and very knowledgeable.
I have had minimal need to interact with the support team.
We did some analysis of Anaplan, but it seemed they were built for much bigger companies. It did not seem like we could implement and maintain Anaplan without significant IT support, which was one of the main goals of the project. Anaplan did seem like it could have more capabilities, but the amount of work we would have to do to successfully set up and maintain the system seemed extensive and hard to achieve.
Workday Adaptive Planning is extremely well suited to the typical finance budget, forecast, actual reporting cycle and makes it easy to do every monthly forecast at the same level of detail as an annual plan. It takes a lot of pain out of the reconciliation of headcount variances and that type of thing.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
6
Financial budgeting
10
Forecasting
10
Scenario modeling
5
Management reporting
10
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
7
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
7
Detailed Audit Trails
10
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
Not Rated
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
10
Key Performance Indicator setting
10
Benchmarking with external data
Not Rated
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
5