Workday Adaptive Planning

Adaptive provides meaningful insight into our financial data!

Kommentare: Using Adaptive is a great experience! It's easy to learn, and once you try it, you will love it. I can forecast monthly , quarterly or whenever I like. Because my operational metrics, which drive our revenues and expenses, are also in Adaptive, I feel we get closer to our actual's each month. We have simplified our monthly reporting process from 6 days, to about an hour and a half. That extra time can be used to analyze the data, which is much more rewarding than ticking and tying numbers to a report. Our dashboard is solid and tells a story for our leaders. I love it!

Vorteile:

Ease of use Speed (refreshing and processing) Automatic load of our financial data using a connector Office Connect - an excel add in that allows me to run my financials in an instant Adaptive Insights support personnel are amazing! I get a call back very quickly if I have a problem, and I don't feel like I'm being rushed when I ask other questions

Nachteile:

The sheets, which display our data across time, would be fantastic if I could add a YTD column anywhere I like. I would like to see my sheets display some simple graphs, which would allow me to display trends pictorially while reviewing with my customers.

A Powerful and Resourceful Software

Vorteile:

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

Nachteile:

With Workday Adaptive Planning, no major challenges

Sophisticated, but slow software

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

Vorteile:

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.

Nachteile:

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.

Outstanding Planning and Reporting Platform

Kommentare: 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.

Vorteile:

Feature set is very strong. Customer support is among the best in the industry. Highly responsive to detailed technical questions.

Nachteile:

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.

Powerful

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

Vorteile:

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.

Nachteile:

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

Excellent Reporting, Planning and Analysis Tool

Kommentare: Takes some time to learn but once you do, it's very useful and allows for efficient workflow.

Vorteile:

It does everything and FP&A team could ever wish for.

Nachteile:

It takes quite some time and training to learn how to use.

Great budgeting and forecasting solution

Vorteile:

Seems like it is built similar to the excel spreadsheet model where you can really make it anything you need.

Nachteile:

Requires more training at the front end compared to other more robust (and expensive) systems. Doesn't seem to have two-way communication with Sage Intacct with regard to real time data pulls.

Easy to use

Vorteile:

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

Nachteile:

Figuring out where everything is that I need.

Friendly App

Vorteile:

Very informative and accessible application.

Nachteile:

Technical error may cause to bug the application

Budget made easy

Vorteile:

We use Adaptiv for our budgeting purposes. Their importing function makes it easy for users to upload data for analysis. Adaptiv planning has made our budgeting planning easy!

Nachteile:

There were a few bugs in the past, but they have been resolved.

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

Vorteile:

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.

Nachteile:

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.

Flexible and Comprehensive Planning and Reporting

Kommentare: 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.

Vorteile:

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.

Nachteile:

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.

Powerful software, makes life easier, business insights more accessible

Kommentare: 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.

Vorteile:

One source for all models and reported numbers. Interconnected data makes it easy to see the full effect of any changes, large or small.

Nachteile:

Customer support needs to work on responsiveness.

Strong Tool that Keeps Improving

Vorteile:

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

Nachteile:

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.

Quick results with an intuitive design

Kommentare: 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.

Vorteile:

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

Nachteile:

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.

flow and transparency for FP&A

Kommentare: I've been using Adaptive since 2011, and I am fully satisfied with the Adaptive suit. Every year they are improving and developing the suit of services and product. I might be biased but the ease of use of the platform is really what's important for me. The flow and transparency of the data is equally important. I don't think I could be as good as I am when it comes to FP&A and reporting if it wasn't for using Adaptive.

Vorteile:

everything- ease of use

Nachteile:

none

Great integration for the Workday enviroment

Kommentare: 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.

Vorteile:

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.

Nachteile:

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.

Easy collaboration while building out the year's model was key to improving our efficiency.

Kommentare: 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.

Vorteile:

Easy to gather, audit, and lock down inputs from key contributors. It was also very easy to create multiple versions and scenarios.

Nachteile:

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.

Super fast and easy to use

Vorteile:

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.

Nachteile:

Some of its features don't work on Macs, but otherwise nothing to serious here.

Good basic functionality for financial planning & reporting

Vorteile:

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.

Nachteile:

Cons: sometimes pages take too long to load, which is frustrating to users. But otherwise there are few complaints.

AI Review

Kommentare: 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.

Vorteile:

> 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.

Nachteile:

> 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.

AI Review

Vorteile:

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.

Nachteile:

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.

Proactivity over Reactivity

Kommentare: 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.

Vorteile:

Ease of use, customer service.

Nachteile:

Web reporting

Good product ignore you are a serious user.

Kommentare: 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.

Review

Kommentare: My experience of using Workday Adaptive Planning is very good since my work is related to analyzing data's of financial planning's etc.

Vorteile:

Workday Adaptive Planning is very convenient to use especially when it comes to financial planning solutions and enterprise planning, they really provide it.

Nachteile:

I don't see any downside or lack of this product and that is why I rated it 10.