Workday Adaptive Planning Reviews

Powerful

Comments: It helped us to give real time reports to management that helped them to get financial planning solutions.

Pros:

Very easy to use reporting and real-time consolidation that helps planning ahead. Mostly used for reporting to high management, and each time it provided fast and amazing solutions. Has lots of features.

Cons:

Limited customisation and overall pricing could be the only con but works really well with large companies.

An FP&A Dream Tool

Comments: 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.

Sophisticated, but slow software

Comments: The actual forecast model is very nice, but I wish the software could be more user-friendly, and faster.

Pros:

Adaptive Planning is very sophisticated. There are so many ways models can be created, and it supports so many different versions which I love. I can create a forecast for every single GL account for every different department of the company.

Cons:

First, the software is very slow for a company at around 1000 size. If you make even a slight forecast/formula update, it can take 30mins to an hour before you can start using it again. Also, the formulas are very difficult to learn. The formula assistant feature definitely helps, but the way the formula is structured, it's almost impossible to use without the assistant.

Excellent insight

Comments: 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

Adaptive User

Comments: excellent tool for forecasting, budgeting and reporting

Pros:

Very easy to use and set up as well, also easy to able to be deployed across the business and user training required is minimal.

Cons:

to start with it is cloud based and very easy to begin with

A Powerful and Resourceful Software

Pros:

With this tool, we have an easy time planning and automating budgets. It is a great EPM

Cons:

With Workday Adaptive Planning, no major challenges

Workday for company data management

Comments: 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.

Workday use

Comments: 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

Friendly App

Pros:

Very informative and accessible application.

Cons:

Technical error may cause to bug the application

Easy to use

Pros:

Once you get familiar with Workday, it is every easy to use.

Cons:

Figuring out where everything is that I need.

AP Clerk

Pros:

Very easy to use. User friendly reports.

Cons:

I guess it was expensive. We didn't have it for very long.

Great product, great customer service, lousy delivery on promises and too expensive

Comments: 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!

Awesome product for a great value. Takes budgeting and forecasting to a new level.

Comments: 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.

Adaptive has created a tool that is easy to use and provides value almost instantly.

Pros:

I love the ease of creating a budget and the ability to quickly create a new forecast. Adaptive has created a formula wizard that is similar to excel, which makes it easy for excel based planners to easily adapt. Adaptive also has an excel interface for reporting, OfficeConnect which makes reporting even easier. They have also created an upload feature to easily maintain your hierarchy, dimensions and attributes. For a company as large as ours it makes the maintenance of the system easier. Since Adaptive is Cloud based there is no sharing excel files. I can work with anyone in my organization from anywhere and we are all able to access the same file. Since everything is housed in Adaptive we are able to collaborate easier and make better decisions.

Cons:

There is always room for improvement and Adaptive is always listening to its customers. There are some features that make reporting a little clunky, rollups. They recently updated the reporting tool within Adaptive, but it doesn't seem as user friendly as the older version. Hopefully over time it will be easier to use.

Amazing planning software for non-profits!

Comments: 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.

My experience with Adaptive

Comments: Adaptive is a great business platform for budgeting, collaboration, and report generation. In my company it is my job to provide managers with useful tools to help with different aspects of business unique to their functional area. The pros of Adaptive:
1) Brings departments together by providing one platform to easily manage and control budgets.
2) Allows for a quicker budgeting process.
3) Different access levels allow top managers to control what different departments can see.
4) Can store years and years of data all of which can be easily accessed.
5) Can be accessed from anywhere in the world with internet connection.
6) Reports can easily be created. Depending on the complexity and type of report, reports can be customized and suited to the needs of the user. Some report types are interactive, different scenarios/results can be presented depending on the user's selections. The cons of Adaptive:
1) It takes a little long to get used to.
2) Creating formulas and rolling them out can be very challenging. (A lot of trial and error)
3) Reading through the tutorials can be time consuming. I wish they had more practice videos. Overall, Adaptive is an awesome business platform. Once you get the hang of it you really begin to enjoy it. It allows you to create so much, the amount of reports that can be generated is endless. Furthermore, you can easily upload data and track budgets. This is a great tool for managers especially those with large budgets and variable costs.

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.

Best planning tool I have used!

Pros:

I loved the user experience as a whole. The interface feels very modern and as easy to use.

Cons:

I wish it had more functionalities to easily do project level budgeting.

Reliable service

Comments: I feel that the software is bright and easy to use. I like how the widgets and the placements overall of the dashboard makes it easy to find what your looking for.

Pros:

Workday is aesthetically appealing and easy to navigate. As someone who is not tech savvy I appreciate when things are straight forward and not complicated. On a random note, the very unique logo makes it easy to find on a clutter computer dashboard.

Cons:

I have been using this software for almost a year and have no complains to share at this time. I truly recommend this product.

Great tool for budgeting

Comments: 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.

Adaptive Planning Has Saved Us Thousands of Hours

Comments: 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.

Adaptive Planning the best FP&A platform

Comments: 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.

Quick results with an intuitive design

Comments: This is a very robust software, that allows a strong look into the performance of your Company. The software has changed the way we are able to analyze our business.

Pros:

I love the adaptability and ability to gain access to various information. It has allowed much greater access to analyzing our Key Performance Indicators.

Cons:

For items that are not uniformly put into our accounting system, there are some workarounds needed to figure out how to display the correct data.

Adaptive Planning is a Must for FP&A

Comments: 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

A great tool for Planning and variance analysis

Comments: Adaptive is very adaptive and easy to use. Master/Admin user can add different way for reporting and planning purpose. For instance, I can report different GL in different way for presentation purposes. Moreover, user can even change org structure without affecting Accounting system.

Pros:

Easy to use, easy to understand.

Cons:

Some constrain in long-term planning.