Awesome Workday Adaptive Planning!
September 28, 2024

Awesome Workday Adaptive Planning!

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

Overall Satisfaction with Workday Adaptive Planning

Here at Capitalize we use Workday Adaptive Planning internally to budget and forecast monthly on current consulting projects as well as expenses and revenue for the overall organization in finance as well as down to the practice areas.

Pros

  • Scenario Planning
  • Financial Planning
  • Forecasting
  • Flexible Reporting

Cons

  • Demand Planning
  • Extended Planning
  • Faster Financial Analysis
  • Easier, Faster Month-End Reporting/Close
  • Better Collaboration on Budgeting and Forecasting
  • Scenario Modelling easier for decision making
We have used the anomaly detection to highlight expenses that may be out of range from previous periods that is helpful. We are starting to look at the Nbeats and Prophet algorithms AI intelligent planning features to help project a forecast for us to give us a headstart.
It has a built-in integration layer to setup integration to pull data in from our multiple sources such as Quickbooks, Harvest, and Asana that helps in our project forecasting and analysis.
The OfficeConnect feature of Workday Adaptive Planning is a big asset to quickly leverage a lot of work and reports we had built in Excel to automate from the solution instead of reinventing the wheel on the reporting side for a quick ROI out of the solution.
Overall being familiar with the Workday Adaptive Planning tool's flexibility and ease of use our finance and ops team saw this as the easiest and most robust tool that they could admin and maintain without outside IT resources.

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

I think the ease of use for our finance and ops teams that don't need to have someone very technical to use and admin is a big plus. It also has a lot of flexibility when it comes to reporting, which allows our org for great insight at the fingertips.

Workday Adaptive Planning Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
6.7
Financial data consolidation
5
Journal entries and reports
5
Multi-currency management
8
Intercompany Eliminations
5
Minority Ownership
5
Local and consolidated reporting
10
Detailed Audit Trails
9
9.4
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
XBRL support for regulatory filing
7
9.2
Personalized dashboards
9
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
9
Key Performance Indicator setting
9
Benchmarking with external data
8
9.0
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
9
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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