Adaptive Planning is the way to go
March 03, 2023

Adaptive Planning is the way to go

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with Workday Adaptive Planning

Adaptive Planning is a scalable FP&A tool that allows the company to make adjustments to budgets and forecasts with speed and efficiency. Instead of creating numerous excel files, Adaptive Planning has live cases of forecasts, budgets, and actuals. It is sheet based like Excel, but you can also use to plan all of your financial statements.

Pros

  • Headcount Planning
  • Expense Forecasting
  • Software Amortization Schedule

Cons

  • The more dimensions you add, the slower the software becomes.
  • Not many great training tools for newer users
  • Tracing formulas between sheets is not the best
  • Time is money, and Adaptive Planning saves a lot of time
  • Budget vs Actuals reporting is easy to use
  • Scenario forecasting is good
We use Adaptive Planning as a source of truth for headcount planning. We store all of our personnel information, historical, terminated employees, and also budgeted headcount that carries over every month. Recruiters rely on the stored information for headcount planning. Overall, headcount reporting has been easy due to the system's capabilities.
Adaptive Planning is sheet based just like Excel, meaning that anyone who is proficient in using excel can be trained easily using Adaptive Planning. One of my favorite features is that you can utilize the different sheet and dimension templates from Adaptive Planning to export to excel, and then import the sheet relatively easily.

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

Whether you are headcount planning, expense planning, etc. Once the product is implemented, Adaptive Planning is powerful to use. Teammates can collaborate together in making adjustments to formulas and forecasts, and you can compare different versions/scenarios of different forecasts. It's also very easy to import sheets and dimensions as their templates are clear to use.

Workday Adaptive Planning Feature Ratings

8.0
Long-term financial planning
8
Financial budgeting
8
Forecasting
8
Scenario modeling
10
Management reporting
6
6.0
Financial data consolidation
7
Multi-currency management
7
Intercompany Eliminations
7
Detailed Audit Trails
3
7.5
Financial Statement Reporting
7
Management Reporting
7
Excel-based Reporting
8
Automated board and financial reporting
8
XBRL support for regulatory filing
Not Rated
4.8
Personalized dashboards
2
Color-coded scorecards
5
KPIs
5
Cost and profitability analysis
6
Key Performance Indicator setting
5
Benchmarking with external data
6
8.0
Flat file integration
7
Excel data integration
9
Direct links to 3rd-party data sources
8
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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