On-the-fly Reporting and Consolidation
January 07, 2025

On-the-fly Reporting and Consolidation

Camille Bueno, CPA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Workday Adaptive Planning

I have used Workday Adaptive Planning since 2017 across two industries (airport and staffing) and I have been amazed of their improvements since then. Working on Excel models and using Access to consolidate multiple branches was a pain and time sucker. I currently do all planning of revenue, COS and operating expenses including personnel in Workday Adaptive Planning and the up-to-date financials as soon as users input their data has been a game changer. I highly recommend Workday Adaptive Planning as your forecasting and budgeting software.

Pros

  • Consolidation
  • Modeling
  • Forecasting

Cons

  • Security in levels
  • More efficient Finance team that can focus more on analysis and not data input
  • On-the-fly reporting and variance analysis
  • Dynamic dashboards for end-users
Workday Adaptive Planning have streamlined our Budgeting process to our end-users in one place using dashboards. All the input sheets are there and have a report that gets updated as soon as they input data, so they can see the impact right there and then. This has been a game changer to our managers.
Workday Adaptive Planning definitely is more complex than Excel in terms of the different sheets and accounts within the system. There are also a lot of functions that can be very useful, but will not be maximized if you are not trained and informed about it.

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

If you are planning for multiple branches (at least 10) and revenue streams, Adaptive Planning will be perfect for consolidating actuals and budget and reporting on-the-fly.

Workday Adaptive Planning Feature Ratings

10.0
Long-term financial planning
10
Financial budgeting
10
Forecasting
10
Scenario modeling
10
Management reporting
10
9.9
Financial data consolidation
10
Journal entries and reports
9
Multi-currency management
10
Intercompany Eliminations
10
Minority Ownership
10
Local and consolidated reporting
10
Detailed Audit Trails
10
10.0
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
10
Automated board and financial reporting
10
9.8
Personalized dashboards
10
Color-coded scorecards
10
KPIs
10
Cost and profitability analysis
9
Key Performance Indicator setting
10
10.0
Flat file integration
10
Excel data integration
10
Direct links to 3rd-party data sources
10
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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