Workday Adaptive Planning unlocks financial management
December 08, 2023

Workday Adaptive Planning unlocks financial management

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

Overall Satisfaction with Workday Adaptive Planning

Workday Adaptive Planning is used to plan and maintain financial forecasts and spending during ongoing R&D projects. It is kept up to date with budget allocations, forecast changes, and most immortally it helps us to smartly track remaining budget to make sure we are within our allocation. Once the project is finalised, it is also used to track revenue generation.
  • Financial analysis
  • User friendliness
  • User interface
  • More instructional demos on different utilities
  • More flexibility on custom set ups
  • Info button to understand what some statically tools depict
  • Better forecasting
  • Better budget control
  • Less labour spent on financial management
It is used only within one section of a large comapny. It would not be possible to estimate this unless it would be rolled out company wide. But for our department it indicators have been positive with Workday Adaptive Planning . I'm not aware of plans to role it out company wide.
Excel user will have an easier time with it. It is intuitive and user friendly. There is always room for improving but overall my experience has been very positive. I have used excel for many years now and taken several courses, I feel like all of that has helped me to better utilise the platform.

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

We found it very good for budget tracking, assigning budget and making sure we are within it. It works less well when you have multiple requirements within the same budget i.e. budget allocation management and new revenue incoming from a project in addition to revenue forecasting, these things should mesh together a bit better.

Workday Adaptive Planning Feature Ratings

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