Adaptive Review.
August 11, 2024

Adaptive Review.

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

Overall Satisfaction with Workday Adaptive Planning

We use Adaptive Planning for income statements, balance sheets, and cash flow forecasting. Adaptive planning has been highly beneficial for our organization because it has allowed us to adopt ongoing planning (currently working towards monthly off-cycle planning from quarterly on-cycle planning). We have also been working towards streamlining our manual planning inputs to driver-based inputs that allow our planners to focus on the key drivers rather than the overall dollar figures. We recommend Adaptive planning to anyone looking to take the next step in their financial planning journey.

Pros

  • On-Going Planning Cycles.
  • Flexibility
  • Customization
  • Linkage to Workday Financials.

Cons

  • Audit Trails.
  • Ease of tracking linkage between planning sheets.
  • Making formula building more user friendly.
  • Making integration design and querying more user friendly.
  • Allowing continuous planning.
  • Personal scenario modeling allows users to plan more efficiently.
  • OfficeConnect allows users to model data in a tool that they are comfortable with.
Address in prior questions. Nothing else to add at this time.
Coming from Workday to Adaptive was a small step back in usability. I hope that Workday will continue to integrate Adaptive from a usability perspective to get it on the same level for reporting, formula building, and integrations.
N/A

Do you think Workday Adaptive Planning delivers good value for the price?

Not sure

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?

I wasn't involved with the implementation phase

Would you buy Workday Adaptive Planning again?

Yes

Income statement planning using basic financial metrics and drivers. It is not as appropriate for non-traditional financial planning metrics.

Workday Adaptive Planning Feature Ratings

7.0
Long-term financial planning
7
Financial budgeting
8
Forecasting
8
Scenario modeling
7
Management reporting
5
4.6
Financial data consolidation
5
Journal entries and reports
5
Multi-currency management
4
Intercompany Eliminations
5
Minority Ownership
4
Local and consolidated reporting
5
Detailed Audit Trails
4
6.8
Financial Statement Reporting
6
Management Reporting
7
Excel-based Reporting
7
Automated board and financial reporting
7
XBRL support for regulatory filing
Not Rated
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
8.0
Flat file integration
8
Excel data integration
8
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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