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Workday Adaptive Planning is a must-have for any team's tech stack!
August 08, 2021

Workday Adaptive Planning is a must-have for any team's tech stack!

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

Overall Satisfaction with Workday Adaptive Planning

I currently work as an implementer of Workday Adaptive Planning for our clients. I see Workday Adaptive Planning being used by teams in order to improve their budgeting and planning processes. Many of my clients come from an Excel format for their planning process but are implementing Workday Adaptive Planning to automate many of the manual processes that currently have to happen in their Excel modeling. Adaptive is also used for its robust reporting abilities! Many clients that we work with are using Workday as their ERP so they connect the two systems through the Power of One to get real-time actuals data from the ERP into Workday Adaptive Planning.
  • Robust budgeting and planning sheets that allow for customizable modeling depending on the needs and area of the business
  • Web reporting out of Workday Adaptive Planning is great and is very user friendly
  • Integrations into different ERP systems, especially Workday
  • The Integration between Workday Adaptive Planning and NetSuite is difficult to get up and running. It functions well but is more complicated to set up than other ERPs.
  • Creation of sheets and normal maintenance is easy to use but can be a very complex process for those unfamiliar with how Workday Adaptive Planning works. Training is a must!
  • Lacking functionality in automating the multi-currency conversion process
  • Automates manual budgeting and planning processes, saving time for the team to work on other tasks.
  • Has allowed clients to perform more complex planning models
  • We have seen an increased need for additional roles in the organization to help own the maintenance of Workday Adaptive Planning.
Workday Adaptive Planning is a very clean and user-friendly system. A typical user can likely navigate the system with little to no training. The overall navigation is easy to use; however, there is additional time needed from the team in order to understand how to build new models and maintain the system.
All of the systems have their own unique strengths and weaknesses. Workday Adaptive Planning as a system is further along in overall functionality and is a more user-friendly system compared to other EPM systems on the market.

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?

Yes

Would you buy Workday Adaptive Planning again?

Yes

Businesses that are in a pre-IPO or IPO stage. Workday Adaptive Planning is a great add on for any team that is already using Workday Financials or Workday HCM. Teams that have a complex planning process that is very manual in Excel are great candidates for Workday Adaptive Planning.

Workday Adaptive Planning Feature Ratings

8.8
Long-term financial planning
9
Financial budgeting
9
Forecasting
9
Scenario modeling
7
Management reporting
10
5.9
Financial data consolidation
7
Journal entries and reports
7
Multi-currency management
6
Intercompany Eliminations
5
Minority Ownership
5
Local and consolidated reporting
6
Detailed Audit Trails
5
9.2
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
9
Automated board and financial reporting
10
XBRL support for regulatory filing
7
8.3
Personalized dashboards
8
Color-coded scorecards
9
KPIs
9
Cost and profitability analysis
8
Key Performance Indicator setting
8
Benchmarking with external data
8
7.3
Flat file integration
7
Excel data integration
6
Direct links to 3rd-party data sources
9
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

Workday Adaptive Planning Support

Adaptive support is typically very responsive and able to resolve most issues that happen in the system. I would highly recommend that teams new to Workday Adaptive Planning either have a support contact signed with their implementation partner or hire an individual who can help to maintain and support the system for users.