2021 Workday Adaptive Planning Review
May 10, 2021

2021 Workday Adaptive Planning Review

Bailey Cates | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Workday Adaptive Planning

Workday Adaptive Planning is used across our entire organization. Department heads and brand presidents have access to track their financial data. In addition, we use Workday Adaptive Planning to create our budgets. Our marketing department uses the system to track their forecast.

Pros

  • Ease of use
  • User friendly
  • Financial modeling
  • Budgeting

Cons

  • System updates completed during budget season. This causes issues every year for us.
  • The system does not handle multiple exchange rates very well. This causes issues for the equity section of our balance sheet.
  • Quicker month-end uploads which allows us to focus more on reporting.
  • Improved customer sentiment.
  • ease of budget planning which allows more time to discuss expected trends.

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?

I wasn't involved with the selection/purchase process

Did implementation of Workday Adaptive Planning go as expected?

I wasn't involved with the implementation phase

Would you buy Workday Adaptive Planning again?

Yes

Workday Adaptive Planning is very user-friendly. It has many useful functionalities.
The support team is typically quick to answer any inquiries. Any time I have had to contact the support team, they are extremely knowledgeable of the system and quickly answer my questions.
Workday Adaptive Planning is well suited for budget planning. This is one of our favorite uses for the system besides our monthly financial tracking.

Workday Adaptive Planning Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
Not Rated
Management reporting
10
8.6
Financial data consolidation
10
Journal entries and reports
10
Multi-currency management
6
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
7
10.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
Not Rated
10.0
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
10
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
10.0
Flat file integration
Not Rated
Excel data integration
10
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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