From Excel Hell to Continuous Forecasting
October 08, 2024

From Excel Hell to Continuous Forecasting

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

Overall Satisfaction with Workday Adaptive Planning

Our business units use 4-5 different accounting systems. Workday Adaptive Planning has allowed us to move from Excel hell in consolidating these reports every month, to relatively seamless corporate wide reporting. Additionally, we have moved from a one-time annual plan which always tended to be out of date before it was finalized and the new year began, to continuous forecasting giving management foresight into what is to come and scenario planning to guide potential impact of options. We can create versions and see potential outcomes in minutes now instead of days.

Pros

  • Versioning
  • Multiple Models
  • Live Updates
  • Office Connect (Excel integration tool)

Cons

  • Menu bar - sub-menus based on model instead of all being listed together
  • understanding how formulas work.
  • Continuous Forecasting
  • Scenario Modeling
  • Consolidated Reporting
We have been able to easily transition from once a year planning to a continuous forecasting model. Scenario modelling allows for creation of scenarios and insights for leadership within minutes instead of days in Excel.
Office Connect has been a game changer for report creation.

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

We were able to integration and utilize Workday Adaptive Planning in a very short window. The models have been easy to understand thus increasing end-user adoption. The Office Connect feature allows users to easily create their own reports, in Excel (the comfort zone of all accountants) without having to wait on an Administrator or technical report writer.

Workday Adaptive Planning Feature Ratings

9.6
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
8
10.0
Financial data consolidation
10
Journal entries and reports
Not Rated
Multi-currency management
10
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
10
Detailed Audit Trails
Not Rated
9.0
Financial Statement Reporting
Not Rated
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
7
XBRL support for regulatory filing
Not Rated
4.5
Personalized dashboards
5
Color-coded scorecards
4
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
Not Rated
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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