A Solid HR, Budgeting and Financial Planning Package All in One
Updated March 10, 2023

A Solid HR, Budgeting and Financial Planning Package All in One

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

Overall Satisfaction with Workday Adaptive Planning

Workday is used by our entire company to manage and handle all aspects of Human Resources, Budgeting, Individual Goals, Training, and keeping track of each individual learning and courses they have taken. From an HR management standpoint, it is the backbone of our company.

Pros

  • Keeps everything HR and Team management wise in one place
  • Excellent and easy to use layout and user interface
  • It's very easy to navigate and find your way around even for first time users
  • Requires minimal training to get up and running

Cons

  • Sometimes it can be a little difficult to find smaller details within the software that you might be looking for
  • Can be a little overwhelming to those that are just looking to use one particular function
  • It helped us streamline several different software packages into one solid platform
  • Being that its cloud-based it helped us eliminate the need to upgrade older servers and allowed us to retire them altogether
From our initial findings, Workday Adaptive seemed like it was going to be easier to get up and running out of the box and fit the needs of our company more.

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

Thanks to Workday our company now has one solid and robust HR package that governs all things HR in one platform in one cloud-based system. It's very easy to use and navigate and helps individual users all the way up to our top executives manage tasks related to their job easily and efficiently. It effectively helps all employees manage their goals quarterly and provides an excellent tool to receive and give feedback along with assisting managers in reviews of those individuals. From a company-wide perspective, it's been a great budgeting tool and has been extremely helpful with our long-term financial planning and analysis.

Workday Adaptive Planning Feature Ratings

9.2
Long-term financial planning
9
Financial budgeting
9
Forecasting
10
Scenario modeling
9
Management reporting
9
8.8
Financial data consolidation
9
Journal entries and reports
9
Multi-currency management
Not Rated
Intercompany Eliminations
8
Minority Ownership
8
Local and consolidated reporting
9
Detailed Audit Trails
10
9.0
Financial Statement Reporting
9
Management Reporting
9
Excel-based Reporting
9
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
9.0
Personalized dashboards
9
Color-coded scorecards
8
KPIs
10
Cost and profitability analysis
9
Key Performance Indicator setting
10
Benchmarking with external data
8
9.0
Flat file integration
8
Excel data integration
9
Direct links to 3rd-party data sources
10
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

Planning, Alignment, and Use

It helped us significantly reduce the different types of software and platforms we used to run many aspects of our business in the past. It's nice having all these features and areas of the business under one roof finally.
This has helped us see into the future more than ever before. We continue to incorporate more and more of our organization into Workday. From goal planning throughout the year and year after year for the entire company to recognizing great performance and bringing all our benefits into one place for everyone.
We've been super happy with Workday Adaptive planning and it has helped to continue to streamline operations within the company down to the individual. Highly recommend it.
So far we have not hit any use cases that we have not been able to apply this to or reduce work that we had to do in the past.
Although Workday is complex integrated with popular programs and methods was straight forward and was simple to setup internally with little help needed.
We've transitioned several on-prem solutions to Workdays cloud based solution which has helped us achieve our overall goal of shutting down data centers that we no longer need as we transition many aspects of our business to the cloud.

Workday Adaptive Planning Implementation

  • Implemented in-house
Change management was minimal - Change management was already something that we handled well at WEX and this just helped to continue to streamline that.
  • Becoming familiar with the advanced settings
  • Lots of options to work through

Integrating Workday Adaptive Planning

  • Salesforce
  • Okta Single Signon
Integration with Salesforce was simple and straight forward and no allows us to access a lot of our sales data for specific individuals in the company.
At this time there aren't any future integrations planned, but everyone that we would integrate supports it.
  • File import/export
  • Single Signon
  • AppExchange or similar marketplace
Highly recommend it and it's gone well for us. It continues to make Workday and extremely powerful HR tool for us.

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