Best tool for FP&A, easy to use, helpful for budgeting and planning
March 29, 2023

Best tool for FP&A, easy to use, helpful for budgeting and planning

Gajendra Kumar Gangwar | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Workday Adaptive Planning

We were capable to onboard departmental budgets accessible to users on the cloud instead of using the excel sheets. We able to extend our vision and helped the account managers to keep them updated, save time and use the budget with less manual efforts. It also helped to manage the spending and project the budget.
  • It is very powerful while someone would like to work on multiple sheets together.
  • We can also integrate or we can say copy the data from external excel sheets which makes life easy.
  • It is also very helpful for planning without affecting the organizational budget for every department. It is very easy to use and manage.
  • There are some limitations of this tool as well and personally I didn't like the way it restrict us to change the sheet frequently, it can be lead to wrong calculations for monthly or quarterly planning.
  • This is also not much flexible, it should have integration mechanism to connect with other tools and data accessibility too.
  • Sometimes we also faced the slowness issue while performing complex task. This can be improved.
  • It provides better result at overall level, we were able to save time and generation of reports is very easy.
  • We were able to enhance the tracks of our annual budgeting, forecasting and expense management.
  • Helped us to save cost and increase revenue by 30% in a single financial year.
It is very powerful when it comes to data analysis, constructions of financial models and long term planning for an organizational growth and it helped us to save cost, project better plans and were capable enough to provide significant KPIs result based on which we were able to increase our revenue by 30%.
It is very easy to use, onboard data from excel sheets and created financial models to plan the budget for an organization.

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

This is very easy to setup for new members, also very easy to understand and powerful to generate reports based on this we can recommend it. Performance and limitations sometimes creates problem and can lead us to wait for few times.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
10
Financial budgeting
10
Forecasting
9
Scenario modeling
9
Management reporting
10
Financial data consolidation
9
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
Not Rated
Minority Ownership
8
Local and consolidated reporting
10
Detailed Audit Trails
Not Rated
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
8
Automated board and financial reporting
9
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
9
Benchmarking with external data
10
Flat file integration
10
Excel data integration
9
Direct links to 3rd-party data sources
8