I see the potential, but could use some work
September 27, 2024

I see the potential, but could use some work

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with Workday Adaptive Planning

We primarily use Workday Adaptive Planning for annual budget planning, quarterly re-forecasts, and general financial management and reporting practices. We used incredibly manual processes to conduct financial management and budgeting practices before and Workday Adaptive Planning has allowed us to expedite and optimize this process. We still have not harnessed the power of workforce planning due to HCM and Workday systems and processes, so far, but are hoping to utilize Workday Adaptive Planning to its full potential for long-term modeling, predictive forecasting, and workforce planning in the future.

Pros

  • Budget management
  • Single year budget planning and forecasting
  • Reporting and dashboards

Cons

  • User design, functionality, and friendliness
  • Reporting functionality and features
  • Multi-year planning and modelling
  • Decreased manual worktime on budget planning, re-forecasting, and management
  • Increased inefficiency of financial and management reports
  • Data integrity and integration issues have led to increased worktime on troubleshooting and use of data
Workday Adaptive Planning has improved reporting time, resulted in more real-time and accurate reporting to stakeholders across our organization. We are 4 years into our implementation and every aspect of our budget planning, re-forecast, and management process has drastically been reduced. While there are a few systems and technical issues with our tenant, overall, I think we are beginning to accomplish our organization's goals.
I think the user interface and design is still clunky. It is not the most aesthetically pleasing interface and looks a bit dated. We've had issues in trying to format visuals, font, and colors to our organization's brand, which is a bit tedious. I think most of the product's system is generally easy to use, being modeled after standard spreadsheets, but beyond that I'm not sure I agree with this prompt.

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

Not sure

Are you happy with Workday Adaptive Planning's feature set?

No

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?

No

Workday Adaptive Planning has been great with single year budget management and re-forecasting. We have mostly had success with user adoption. We have experienced pain points and frustrations with multi-year planning and long-term modeling. The instances we've built out and tested have not resulted in the efficiencies and optimization of resources we would have liked or expected.

Workday Adaptive Planning Feature Ratings

Long-term financial planning
5
Financial budgeting
7
Forecasting
7
Scenario modeling
5
Management reporting
3
Financial data consolidation
Not Rated
Journal entries and reports
Not Rated
Multi-currency management
Not Rated
Intercompany Eliminations
7
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
3
Financial Statement Reporting
5
Management Reporting
3
Excel-based Reporting
4
Automated board and financial reporting
2
XBRL support for regulatory filing
Not Rated
Personalized dashboards
6
Color-coded scorecards
3
KPIs
4
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
Flat file integration
Not Rated
Excel data integration
8
Direct links to 3rd-party data sources
Not Rated

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