User Reviews Overview
About Workday Adaptive Planning
Workday Adaptive Planning, founded in 2003, provides a web-based system for budgeting, forecasting and reporting. The solution is suitable for a wide variety of company sizes. Delivered over the Web in a software-as-a-service...
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All Workday Adaptive Planning Reviews Apply filters
- Industry: Biotechnology
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Outstanding Planning and Reporting Platform
We plan at a very granular level, and Adaptive's formulas and overall approach to modeling has made this tool a pleasure to work with. Like any new tool, it took our team a little bit of time (~3 months) of getting used to it, but this is simply a tool we can't live without now.
In addition to the feature set, the customer support is outstanding. Very responsive to questions and highly knowledgeable on a variety of topics.
Pros
Feature set is very strong.
Customer support is among the best in the industry. Highly responsive to detailed technical questions.
Cons
Like any new platform, it took our team a few months after go-live to really utilize the power of the tool, but now it simply a resource that we can't live without.
- Industry: Information Technology & Services
- Company size: 1,001–5,000 Employees
- Used Daily for 1+ year
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Review Source
Adaptive Insights impresses even more than expected
Pros
Our employees were used to working with Excel spreadsheets. We considered such an approach not completely effective, so our choice turned next to Adaptive Insights. There are no restrictions on the size of the documents. This program is synchronized with other applications, including such important for us solutions like SAP and Oracle. We like the high accuracy of the reports we can create on the tool’s base. It is also important that all data are in one place and don’t require much effort for their processing and analysis. Adaptive Insights is a multifunctional tool with a robust and well-thought-out suite of features. This application allows our employees to track finances, budgets, sales, resources, and labor contribution. With its help, our company’s managers are also able to collect divergent data, make various kinds of reports, build models, and make optimal business decisions.
Cons
It would be better if Adaptive Insights had an opportunity to filter for specific months while working with spreadsheets. This lack of functionality makes our work a bit confusing sometimes. We wouldn’t mind adding more advanced features to the planning tools as well. We believe it would behoove this product if it had several tutorial videos on how to use it to the full extent. Even though we find this tool user-friendly, it doesn’t mean at all that it is so for every company.
- Industry: Computer Software
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Direct Integration with netsuite
Pros
- direct integration with netsuite
-ease of use once established
-maintains various types of data including personnel information and financial reporting
Cons
- inability to run reporting on one entity (only runs in consolidation)
- inability to modify reports without creating a new report
- functionality to drill into detail is hit or miss
Top Workday Adaptive Planning Alternatives
- Industry: Consumer Goods
- Company size: 51–200 Employees
- Used Daily for 6-12 months
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Review Source
Great software to project us into the next level of strategic finance.
Overall, Adaptive Insights has been a great software to work with. AI has increased the FP&A departments productivity during month end close and review by multiple days.
Pros
- The software is a cloud based, so you will have access anywhere you have the internet.
- No more “this worksheet is locked by another user” message.
- Imports and Exports to/from excel seamlessly…for those of you that like to work out of excel.
- Dashboard capabilities for more real time department metrics and visibility to spend.
- Rolling forecasting capabilities that allow us as a company to focus more on the future and less on the past.
- Instant Company budget/forecast results.
- Audit trails…never have to worry who, what, or when someone changed a number you budgeted or forecasted. All changes will be tracked.
- Company-wide visibility to Personnel and Capex planning that drives the cost of benefits, IT equipment, and supplies.
Cons
- Software enhancements are only every 4 to 5 months.
- Levels (Organization Departments) can be restricting to planning across multiple departments
- Noting variances in a report can be tricky at times.
- Industry: Financial Services
- Company size: 501–1,000 Employees
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Review Source
Adaptive Planning Has Saved Us Thousands of Hours
Have been using Adaptive Planning since 2012 for two different companies. The software has steadily improved to handle most of the complexities of our business. The user interface is intuitive and the way it integrates actuals from our accounting software with various versions of forecasts and budgets is a huge timesaver. On top of that, data can be easily accessed through reports or an Office add in.
Pros
The best things about Adaptive Planning are its ability to integrate actuals and budgets/forecasts, its reporting capabilities, the fact that it's cloud based, and the ability to create complex financial models to track and report on business in a dynamic fashion.
Cons
The only issue our company has with Adaptive Planning is that our business model is very complex and hard to duplicate in the Adaptive model. That is not Adaptive's fault, but more so in the implementation and due to ever changing and more complex expectations from management.
- Industry: Hospital & Health Care
- Company size: 10,000+ Employees
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Review Source
We've had great experiences and success with Adaptive Insights
We're a large corporation with multiple lines of business. Our main goal was to simplify our annual budgeting process; to make it easier on the end users, give them ownership of their budgets and to cut down on the time it took to put the whole budget together. Adaptive exceeded those expectations.
Overall it's been great and I would highly recommend it.
Pros
Easy to implement and maintain. Easy for end users to understand how to use the software and the models. Give you instant access to "the whole picture". OfficeConnect is great for reporting.
Cons
Some admin functions are still a little tedious. The built-in reporting module needs some upgrading, but it's adequate.
- Industry: Nonprofit Organisation Management
- Company size: 1,001–5,000 Employees
- Used Weekly for 2+ years
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Review Source
Great Analysis
It's a great tool and it's meeting a lot of our deadlines for forcecasting. Saving valuable time and dollars.
Pros
software is very productive for forecasting and doing deep financial
Cons
Learning curve, it's not that easy to learn and you have to get used to the product. Can be more user-friendly and there can be more improvements.
can be expensive for some users.
- Industry: Information Technology & Services
- Company size: 10,000+ Employees
- Used Monthly for 2+ years
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Review Source
Workday for company data management
Overall I am satisfied because Workday gave me all that I wanted to have in relation to my personal data or company data. Even thought it was hard at start to navigate and find my self in the tool but after some time it is a pure pressure to work with Workday data.
Pros
We have all data related to our job in one place where we can work with them and put them to analysis.
Cons
The navigation is sometimes hard especially when the dashboard have a lot of information.
- Industry: Maritime
- Company size: 1,001–5,000 Employees
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Review Source
Working with Adaptive Insights is a breeze
We have been using Adaptive Insights for over 4 years. So far we are a happy camper. We are happy with our investment and choice. Adaptive greatly cut down our time in deploying and completing our annual budgets.
Pros
- Quick and easy to consolidate all accounts for all business units
- Status tracking is made easy
- Superb customer services
Cons
Would love to see the changes in future releases:
- Ability to import formulas rather than having to manually set up 1000+ formulas in Adaptive;
- Ability to line up notes in reports
- Industry: Research
- Company size: 501–1,000 Employees
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Review Source
Adaptive Planning is a Must for FP&A
Our company has used Adaptive Planning for about 2 years now. We went from a complex Excel spreadsheet based system to an organized and efficient Adaptive budgeting process. The customization and flexibility in the system is almost limitless and impressive.
Pros
Customization, flexibility, value, security
Cons
Administration - learning to build and maintain the system is complex, but that is why the system is so powerful
- Company size: 501–1,000 Employees
- Used Daily for 2+ years
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Review Source
Flexible and Comprehensive Planning and Reporting
I've been using Adaptive Planning for 4 years and at 2 employers. The software has not only improved the accuracy and accountability of our budgeting, forecasting and reporting, but has saved thousands of hours of time.
Pros
The software is flexible. It can be developed and managed internally or you can work with external experts if needed. I like that the cloud software is continuously improving and developing to meet the needs of its customers. There are new releases every six months that improve its functionality based on customer needs and requests. And more importantly, all updates are done on the cloud so that there is no need for the IT department to get involved.
Cons
There aren't many things specific to the software that I don't like. I would say that the most difficult part about using this software is managing the requests from management so that it doesn't compromise the value of the software.
- Industry: Computer Software
- Company size: 501–1,000 Employees
- Used Daily for 1+ year
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Review Source
Powerful software, makes life easier, business insights more accessible
I have previous experience using Hyperion, Peoplesoft, and Microsoft Excel to create and maintain financial models. As flexible as regular spreadsheets are, it was always hard to get everybody on the same page, referencing the same numbers, using the same version. I have been using Adaptive Planning for about 1.5 years now, with about 1 year as a systems administrator for the product. FP&A has truly become simplified. This tool has saved hours upon hours every month, as well improved accuracy and timeliness of reports. This allows us to function better as a business unit, and make more proactive models and decisions. My one gripe with Adaptive is their customer support. I have had a hard time getting several issues resolved in a timely manner. Nonetheless, I would highly recommend Adaptive to anybody stuck in "spreadsheet land"--there really is a better way.
Pros
One source for all models and reported numbers. Interconnected data makes it easy to see the full effect of any changes, large or small.
Cons
Customer support needs to work on responsiveness.
- Industry: Internet
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Strong Tool that Keeps Improving
Pros
I like that adaptive has continued to innovate and improve their product over time. The basic plan option is solid for a SMB, though there are some individual bells and whistles that I would like it to have like Office Connect that require a more expensive membership
Cons
Learning to speak the adaptive "language" is a big barrier to entry from an employee perspective, we become afraid to change the model for fear of breaking it so we aren't leveraging all we have available to us.
- Industry: Computer Software
- Company size: 51–200 Employees
- Used Daily for 1-5 months
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Review Source
Time Saver
Although it takes some dedicated time and experience to set this product up I would say it is the top time saving piece of software I have ever used. I was able to setup our company plan with limited assistance from Adaptive. The assistance I did receive was top notch and always available with short advance notice. I opted to use a Adaptive consultant and deal with her on the phone.
The product has been nothing but a time saver. It pays for itself many times over on a monthly basis. Being a startup I am constantly running new spins and versions of the budget and there is no way I could run as many scenarios using just excel. Days worth of work are reduced to hours. Like I said, it pays for itself many times over. I currently run a static budget and forecast on a monthly basis. I also run a one year rolling forecast that I will easily roll into my 2017 budget at year end. I would not hesitate to recommend this product to any of my fellow finance professionals.
Pros
Easy to run scenarios. Copy the forecast and make changes as necessary. Reporting is a breeze and no problems to do all kinds of variance analysis.
Cons
It's complicated to get up and running. You need a dedicated resource to take the time to learn the product. I would say my biggest issue is the weak help manuals.
- Industry: Events Services
- Company size: 501–1,000 Employees
- Used Daily for 6-12 months
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Review Source
Great integration for the Workday enviroment
It's a great tool for managing datasets via your browser. Downloading enormous datasets for changing only one or two things just to upload it all again it's a big pain that Adaptive saves you from.
Pros
Adaptive is the next best thing you can have when managing large sets of data right from your browser. Instead of having to download big spreadsheets, it can do the heavy lifting for you right from your browser. Tools like pivot tables are easy to do and feature-rich.
Cons
When dealing with very, very large datasets, it can take some time for processing each requested step in Adaptive, giving you sometimes a lengthy loading screen.
- Industry: Information Technology & Services
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Easy collaboration while building out the year's model was key to improving our efficiency.
Faster build and modify time of my model. Easier buy in from contributors to the model because they had access to build their part directly in the system.
Pros
Easy to gather, audit, and lock down inputs from key contributors. It was also very easy to create multiple versions and scenarios.
Cons
Struggled a little to get it to connect the way we wanted with our ERP, but that had to do with both sides. Not just Adaptive. It also does take a little time to understand how to build things out.
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
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Review Source
Super fast and easy to use
Pros
I have been in FP&A for for 5 years and have become somewhat versed in different systems and adaptive has been the best. Super fast updates with the ability to create different forecast scenarios.
Cons
Some of its features don't work on Macs, but otherwise nothing to serious here.
- Used Daily for 2+ years
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Review Source
Good basic functionality for financial planning & reporting
Pros
Pros: ease of use in that the software is cloud-based. It was also relatively easy to implement with approximately 50 users. Good customer support.
Cons
Cons: sometimes pages take too long to load, which is frustrating to users. But otherwise there are few complaints.
- Company size: 10,000+ Employees
- Used Daily for 1-5 months
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Review Source
AI Review
This tool enables the user easily develop (with minimal time) a nicely tailored template for what-if and Actual situational planning, forecasting and reporting of a variety of metrics. Project / performance management is assisted greatly through liberal use of intuitive dashboards and analytical tools.
Pros
> Strong, secure environment - clearly developed with an appreciation of how to treat company sensitive data.
> Appropriate security levels are easily established and maintained.
> Cloud-based connectivity is the only way to go - AI does a nice job of leveraging this platform.
Cons
> Some effort is required for setup as programming keys are built on a one-by-one basis and thus training is essential for the new user.
> From an international perspective, the consolidation of multiple currency / FX data needs additional development.
> MS Office connectivity is too limited and the user is tempted to use other sw apps where integration is superior to AI architecture.
- Industry: Medical Devices
- Company size: 1,001–5,000 Employees
- Used Weekly for 1+ year
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Review Source
AI Review
Pros
This is a solid software base that my firm uses to consolidate forecasting data and pull those forecasts for board review. It is a great platform to use for data warehousing and to pull massive subsets of data. Those pulls can then be used and pasted into Excel or whatever template that you need to generate the proper metrics.
Cons
The functionality is not as user friendly as you would like. The customized reporting is complex and hard to understand. I would recommend sitting in on a seminar or tutorial before committing to it. It isn't quite user friendly and, for us, we don't use it for anything but generating massive paste fills to be dumped into our reporting templates.
- Industry: Hospital & Health Care
- Company size: 10,000+ Employees
- Used Daily for 1+ year
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Review Source
Proactivity over Reactivity
Our initial implementation was rough. Our 3rd party consultant tried to fit our unique companies into their cookie-cutter implementation package and it didn't work out. Since rebuilding on our own, we have a model that works well for our family of companies and we are able to continually improve in conjunction with frequent Adaptive Suite upgrades and continued learning.
Pros
Ease of use, customer service.
Cons
Web reporting
- Industry: Computer Software
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Decent software tool, but could use greater reporting capabilities.
Pros
Easy to navigate and use. Process for uploading and downloading are nice and simple.
Cons
Very basic reporting features, lacks more robust reporting capabilities. Would be nice if they added a screen freeze feature to lock the initial view when scrolling.
- Industry: Computer Software
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Review Source
Adaptive Insights - Planning and Discovery
Pros
AI allows for you to build a highly customized model for real-time scenario planning, forecasting and analysis of not only financial metrics, but on the overall operation as well. Through intuitive dashboards with visual analytics that provide drill down capabilities, users can easily participate in complete performance management. The software has allowed finance to become a strategic partner with the rest of the operation.
Cons
I have not found anything negative about this solution.
- Industry: Mechanical or Industrial Engineering
- Company size: 10,000+ Employees
- Used Weekly for 1-5 months
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Review Source
Adaptive Insights: Forecasting tool true to its name
Adaptive is a much better tool than Excel in handling data as time is not wasted in linking different spreadsheets and validating versions. It is easier to implement throughout the organization so that managers and employees can log in to check the status. It makes the process of monthly forecasting easy and this we can focus on analyzing the results rather than spending time in gathering data in Excel.
Pros
1. Adaptive can link to Office Connect and users can remotely connect to the system without the need of a VPN.
2. What-if scenarios help the managers to design systems which give it a strong forecasting ability.
3. It offers a dynamic interface and offers a cloud access by means of which people can enter data from anywhere and trends are visible dynamically.
Cons
1. It requires quite a bit of practice to be proficient in the use of Adaptive. So, it takes some time to be an efficient user of the software.
2. The graphics are not that great, so you might an additional software to get presentable results.
3. Monthly forecasting is the lowest level of forecasting that we can see which limits its use to an extent if businesses want to see more detailed forecasting.
- Used Daily for 1+ year
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Review Source
The fastest updating planning software available
Pros
I love how quickly one single change flows through all our financial statements and reports and views.
Cons
Our customer service has been a little spotty, but the software is awesome enough that I would still recommend it.
