Workday Adaptive Planning
About Workday Adaptive Planning
Workday Adaptive Planning pricing
Workday Adaptive Planning does not have a free version but does offer a free trial.
Alternatives to Workday Adaptive Planning
Workday Adaptive Planning Reviews
Feature rating
All Workday Adaptive Planning Reviews
- Used Daily for 2+ years
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Review Source
Great Product
We are going into our third budget cycle using Adaptive and it has made our process much more efficient. Prior to using Adaptive we played budget ping pong, bouncing spreadsheets back and forth and then once we landed on a final version the Finance team consolidated the numbers. Adaptive is great because you can see the impact of a change to the consolidated budget in real time. This is a great software for the Finance team as well as the budget / business managers.
Pros
There are many great features including: audit trails, notes, role permissions and security, the ability to quickly create versions, great technical support, and it’s cloud based.
Cons
There is a report builder in Adaptive and it’s easy to use. However, I do feel like they have focused on making improvements in other areas and the reporting hasn’t made as much progress. I do think this is one area that could use some improvements.
- Industry: Consumer Goods
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Workday Adaptive Planning is a must for growing organizations!
Absolutely love workday adaptive planning, has taken our financial and budget capabilities to a whole new level!
Pros
Workday allowed us to do all of our financial planning in one central hub. We can easily budget, generate financial statements, and run many different what if versions for all revenue and budget scenarios. Super user friendly for all planning options!
Cons
It was slightly tough to implement and get things started in the system, just very different than other financial planning tools I’ve worked with. Once you get it implemented, everything is smooth sailing!
Alternatives Considered
NetSuiteReasons for Choosing Workday Adaptive Planning
Prophix has limited capabilities for our organization, struggled with doing multiple versions, and had too many breakdowns where the system was not usableSwitched From
ProphixReasons for Switching to Workday Adaptive Planning
It fit our budget and capability needs the best- Industry: Real Estate
- Company size: 1,001–5,000 Employees
- Used Monthly for 2+ years
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Review Source
Not great on lower level user side
I don't love it, but eventually got the hang of it. We use it for budgeting, and it's not the easiest to understand or plug things in. For team members that are new to the process in general, it makes it worse than it needs to be, which isn't my favorite. I hope it has better benefits for other team members though.
Pros
It looks nice, and it theoretically should have capability to use data year over year. That would be nice, for the future.
Cons
It's hard to use, understand, navigate, and figure out what is going on. For an onsite team member doing data entry, it's just way harder than it should be in my opinion.
- Industry: Health, Wellness & Fitness
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Adaptive Review
It was good. I will definitely work on Adaptive again in the future.
Pros
The architecture is really good. The ability to save the data and propagate it throughout the system was a plus. Additionally, the dimensions in reports and seeing differences between the dimensions were very useful.
Cons
The personnel and TBH list were in two different model lists. It is preferred if the employees, titles, etc were dimensions s nice that is the largest expense of our business. The reports by the employee and by account were difficult to use.
Alternatives Considered
PlanfulReasons for Switching to Workday Adaptive Planning
We switched from Adaptive Planning at the end of last year to today. Currently, HeartFlow uses Planful for budgeting and forecasting. Planful's architecture is not as good. Saving information sometimes requires additional steps for WFP or reporting.- Industry: Computer Software
- Company size: 51–200 Employees
- Used Daily for 2+ years
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Review Source
An FP&A Dream Tool
I will always recommend Adaptive to FP&A professionals. Once you use it and truly understand it, I'm sure you will do the same. There is little wonder why they are a leader in the SaaS space.
Pros
A cloud-based tool that enables you to forecast and budget different scenarios. OfficeConnect (an add-on feature) allows you to create reports directly in Excel and increases overall team efficiency.
Cons
Setting up Adaptive Insights is a crucial, timely, and difficult process. However, the time you put into building your instance initially saves time and pays dividends in the future.
Reasons for Switching to Workday Adaptive Planning
Previous positive experience with the product and one that I trust. Didn't see a reason to learn something new for the same price.- Industry: Staffing & Recruiting
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
For adaptive work planning.
In my department it has made it easy to plan work engage teams and also in creating reliable accounting functions.
Pros
It is simple in work plan follow up of tasks and team work engagement.
Accurate accounting and bank reconciliation.
Proper prediction and budgeting.
Cons
No drawbacks for a while now and it keeps improving.
- Industry: Pharmaceuticals
- Company size: 10,000+ Employees
- Used Daily for 1+ year
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Review Source
Workday use
Very easy to use and search up things and submit hours as well.
Pros
Easy to access and navigate and easy for other coworkers
Cons
I have nothing bad to say about workday its very easy for me to use
- Industry: Accounting
- Company size: 10,000+ Employees
- Used Monthly for 2+ years
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Review Source
Workday planning
Pros
I liked its very helpful ui system and its various options regarding companies Intregation
Cons
Its password protection. It can be change to receive otp
- Industry: Civil Engineering
- Company size: 1,001–5,000 Employees
- Used Weekly for 6-12 months
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Review Source
Workday Review
Pros
A very good corporation management website.
Cons
I had used workday and i don't seem to have any problems.
- Industry: Nonprofit Organisation Management
- Company size: Self Employed
- Used Monthly for 1-5 months
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Review Source
Excellent insight
Offers training qnd education on the System, see, you can't really get lost even tho it seems like alot they help you along the way. Many benefits within the platform cloud based excellent insights backed by your own data takes away the financial guess work gives hard driven facts
Pros
Being able to generate reports.Also I liked the monthly and quarterly budgets.scenario plans the use of AI
Cons
Takes time to learn but backed with help . It can be a lil difficult but once honed in worth the investment
- Industry: Oil & Energy
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Awesome product for a great value. Takes budgeting and forecasting to a new level.
There are several benefits from using this software. The biggest benefit is that once your initial model is built you get stability compared to doing your forecast in spreadsheets. When we used spreadsheets most of our time was spent making sure formulas were correct and that there were no bust in the model. With Adaptive, you have confidence that once you test your formulas you can add/takeaway/and modify data and your calculations will work. The other benefit is that if you have a champion and insist that new data be loaded as soon as possible you always have a good/latest view of what the company expects. By doing this forecasting becomes built into your processes and not the annual/quarterly drag that the organization dislikes. Information is kept in a nice concise format that is easy to read.
Pros
The product if very adaptable. We recently went through a sell process where we were sold by a public company to a private equity firm and back to a public company within a two and half year period. Adaptive was very key to providing the analysis and financial information required for the sell process. While with the private equity firm we changed to a fiscal year but they required us to report both fiscal and calendar year numbers. We also had to push the various EBITDA adjustments back into the financial statements for comparative purposes. I also like the customer service and the fact that Adaptive pushes out a couple of major releases each year to add new functionality requested by the user community.
- Industry: Nonprofit Organisation Management
- Company size: 501–1,000 Employees
- Used Daily for 6-12 months
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Review Source
Amazing planning software for non-profits!
Implementing Adaptive Insights has made me feel like a kid on Christmas morning. Every new feature or discovered capability is a wonderful gift giving me my time and sanity back. I am the only FP&A for a mid-size company. We had outgrown Excel but had a hard time finding a planning software that could handle the allocations fundamental to non-profit accounting. We found Adaptive Insights and haven't looked back. The sales team is amazing, They are not only no pressure, but extremely helpful. We wanted to make sure our entire management team would be on board with new software. AI sales came out and did a personal demonstration for us and answered all of their questions. They also introduced us to great implementation consultants to help us set the instance up.We just finished our first year of planning in Adaptive and it was easy and user-friendly. I love Adaptive and will use it throughout my career.
Pros
The user-friendly interface, customization, regular updates and wealth of support and information. Reporting is also easy to use and very powerful. One of our main challenges is accurately planning and reporting our allocations. AI makes it easy.
Cons
There is nothing I dislike about this software but there are a few things to be aware of. Unless you have 2 people exclusively working full time to set up the instance it will take you much longer than you think. Allow yourself a few months to set it up and know that a full, complete roll-out will probably take a full budget cycle.
- Industry: Information Technology & Services
- Company size: 501–1,000 Employees
- Used Daily for 1+ year
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Review Source
Adaptive Planning Review
Overall we have been pleased with Adaptive Planning. We originally transitioned to Adaptive from excel based reporting due to increasing data allocation requirements. After several months of implementation we were able to start populating our weekly financial reports entirely from data exported from Adaptive. The end result has been a significant decrease in reporting time, even though we now splice our data by more dimensions than we have looked at in the past. This would not have been possible in excel, and we now have more time to analyze our information instead of being stuck in the reporting cycle.
Pros
The best part of the software for me is the ability to quickly create reports based on any selected dimensions, levels, and timeframes. This is something that historically would have taken us a significant amount of time and is now done in minutes.
Cons
My least favorite parts about the software are the difficulty in navigating the data sheets and the inability to lock formulas and values in historical versions while updating formulas going forward. I would love to see greater functionality to search in data sheets by specific columns.
- Industry: Civic & Social Organisation
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Review Source
The software will change you life...Seriously!
Pros
This suite of products have changed the way we inform our leadership of the state of our operations each month. We no longer spend days and days preparing dry financials. Now, we are generating useful statements in seconds along with instantaneously seeing that same financial and operational data visualized in Adaptive Discovery in our interactive scorecard. The ease of use, and the level of support are the two greatest things about Adaptive.
Cons
The tools do everything we ask of them, and more. The monthly load of data from our GL and the operational data from other source systems being a manual process is my ultimate least favorite thing. We are implementing the Adaptive Discovery connector so that the data will be loaded in the future at the push of a button. That should take care of it, though. I think if I had to identify my next least favorite thing it's probably the high bar that it sets for all of our other reporting from other systems.
- Industry: Sports
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Great product, great customer service, lousy delivery on promises and too expensive
After a recent meeting I wrote notes: Workday works with large (>500 employee) organizations these days. They are treating us like a small fish. Makes me wonder how strategic more small non-profits like us matter to them. I think they are writing us off.
Nightmare roll-out with the implementation partner. We fired them. Adaptive consultants are good but too expensive. Not great at eliciting requirements or managing the project.
Pros
FP&A core functionality is outstanding!!!
Cons
Visualization functionality is a kludge!
- Industry: Retail
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
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Review Source
Great product for your business
I have complete control over my data using this software.
Pros
Workday makes it super easy to manage all aspects of my job from scheduling to time off and payment elections and tax withholdings anywhere at anytime.
Cons
The task workflow process seems a bit drawn out and unclear for some things. There are a lot of options that still appear even if not enabled by the administrators.
- Industry: Medical Practice
- Company size: 1,001–5,000 Employees
- Used Daily for 2+ years
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Review Source
review
Pros
it runs without interfering with other programs.
Cons
does not have any issues that I am aware of.
- Industry: Outsourcing/Offshoring
- Company size: 5,001–10,000 Employees
- Used Weekly for 2+ years
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Review Source
Great tool for budgeting
An excellent tool for budgeting once you have put in the time to learn to use it, you always have the feeling there is more to the software than you know how to use.
Pros
It is super flexible, allowing the user to enter costs by category, department/dimension/cost centre and easily switch between views. You can write little formula to budget by run rate, uplift by a percentage or similar to prior year phasing. You just need to learn a few rules.
Cons
It does not interface well with Workday itself, there was no way I could import staff basic salary into AP from Workday by department and employee for instance.
- Industry: Education Management
- Company size: 201–500 Employees
- Used Daily for 2+ years
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Review Source
Best Planning Tool Period
We chose Adaptive over competitors because it's in the cloud, it's customizable, and the price was right. It has improved every aspect of the FP&A function within our company. Our budgeting cycles are shorter, our data is more reliable, and analysis and reporting are more real time.
Pros
Easy user adoption. Customizable. Reporting is sophisticated but not complicated.
Cons
N/A
- Industry: Insurance
- Company size: 1,001–5,000 Employees
- Used Daily for 1+ year
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Review Source
Adaptive is a must-have for any FP&A department!
FP&A responsibilities - specifically budgeting and forecasting but also building out models and creating new versions for our analysts to use.
Pros
It has made our budgeting and forecasting process much better. We save so much time with our forecasts, which allow us to spend more time updating them meaningfully every month.
Cons
I would love to see Adaptive connect with Salesforce behind the scenes. At the moment we have to reconcile the variances between the two manually monthly.
- Industry: Information Technology & Services
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Adaptive Planning the best FP&A platform
We implemented 20 customers using Cognos, Oracle and SAP. Adaptive was a huge discovery for us. Is an amazing solution. The best for all parties is that Adaptive is really administered for Finance people despite other software.
Pros
Ease of use.
Thought from Finance to Finance people
Cons
It´s not available for on premise environments.
- Company size: 501–1,000 Employees
- Used Daily for 1+ year
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Review Source
If you are looking to move away from spreadsheets and have one source for your financial data...
Pros
It has all the features you would expect in your financial tool and they are constantly upgrading and adding addiitonal features. Customer support has been excellent and they actually seem to care about their customers.
Cons
Reporting functionality within the system could be enhanced. The native reporting is not that easy to use, would prefer better canned reporting functionality.
- 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
- 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: Electrical/Electronic Manufacturing
- Company size: 51–200 Employees
- Used Daily for 2+ years
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Review Source
Good product ignore you are a serious user.
Extremely flexible planning and reporting tool. Requires good knowledgeable about (I) the business, (ii) company's finance and accounting practices and (iii) ERP and ancillary systems.