Cloud-based corporate budgeting, forecasting, and reporting
4.5/5 (163 reviews)Adaptive Insights, a Workday company, is a leading business planning solution for budgeting, forecasting, and reporting. With Adaptive Insights for Finance, you get an active planning process to drive business success. An active planning process allows you to collaborate more easily with business partners, provides you with comprehensive dashboards and modeling capabilities, and enables you to plan and forecast on a continuous basis. More than 3,800 customers use our software to model, monitor, analyze, and report on business performance.
Adaptive Insights was positioned as a Leader in Gartner's 2018 Magic Quadrant for Cloud Financial Planning & Analysis Solutions Report.
Budgeting & Forecasting
With Adaptive Insights for Finance, you can reduce the time and energy your finance team spends on spreadsheet-based planning. Instead, you can focus your time on strategic analysis and higher level business decisions, driving better business performance. Adaptive Insights can help you make faster, more informed and simply better business decisions.
Self-Service Reporting & Analysis
With Adaptive Insights, drag-and-drop capabilities, reports are easy to create and edit. They reflect real-time data, and give you a view of the entire business. You can drill into corporate metrics, operational performance, and key performance indicators, to quickly identify problem areas or drill into patterns.
Streamlined Allocations
Adaptive Insights allows you to streamline the process of reassigning values from one part of your organization to others by replacing multiple, complex formulas with easy to create allocation rules.
Multiple Currency Management
With Adaptive Insights, you can deal with multiple currencies effortlessly. Financial and currency logic simplifies departmental and global planning. Multiple features, such as Automatic Currency Exchange or Cumulative Translation Adjustment, eliminate the complexities of multiple currency management.
Model Building & Administration
With Adaptive Insights, you can create and maintain multi-dimensional finance models with no coding required. The intuitive interface accommodates all types of modeling--workforce, capital, and revenue-- across businesses of any size or industry.
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.
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.
I use Adaptive as a replacement for excel in some aspects of my job. I mainly use it as month end communication to send out financial status reports pertaining to actuals vs budget vs forecast. Adaptive Discovery is one tool I utilize to aid in visualizing data in multiple ways through the use of graphs, gauges, pie charts, tables, and many more.
Pros
Allows so many different ways to breakdown data.
Great customer support. The respond quickly and are very knowledgeable.
Easy to manage users with different access levels.
Adaptive is always working to enhance or update features. The platform develops continuously, which is great for the large user base.
Hosts free webinars every so often.
Can be accessed from anywhere as long as you have internet access.
Cons
The learning curve is steep, it takes a lot of time to really get comfortable with the platform.
Not a lot of video tutorials.
The terminology can be confusing sometimes.
Adaptive is open to technical/programming suggestions but often take time to be enacted. You sometimes have to wait for the next release to get the issue resolved.
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.
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.
Adaptive Insights' award-winning cloud-based business analytics solutions are incredibly affordable and provide exceptional value – with a total cost of ownership that’s up to 75% lower than traditional alternatives.
Adaptive Insights solutions are licensed on a subscription basis, with prices based on the following:
- Products
- Number of instances
- Options
- Number and type of seats licensed
- Connectors
- Duration of the contract
Subscription licenses are available for one year, or multiple years.
Adaptive Insights supports nonprofit teams with financial planning and analytics software that helps to effectively align demand for services with funding. We understand that every nonprofit organization has unique challenges, and our software is flexible and scalable to meet your business needs.
With automatic consolidation and integration of data, and a fully integrated system for financial statements and models, you can spend your time and money on the most valuable opportunities.
Adaptive Insights also enables you to drive better business decisions with a centralized application that automatically integrates plan data and actuals from your GL as well as other enterprise systems.
With built-in, real-time workflow, Adaptive Insights allows nonprofit managers to maintain visibility and stay up to date with the latest business data and metrics. You and your team are better equipped to proactively manage change as you're able to model outcomes and what-if scenarios, and make more informed decisions based on the freshest data.
Below are some frequently asked questions for Adaptive Insights.
Adaptive Insights offers the following pricing plans:
Pricing model: Subscription
Free Trial: Available
Adaptive Insights' award-winning cloud-based business analytics solutions are incredibly affordable and provide exceptional value – with a total cost of ownership that’s up to 75% lower than traditional alternatives.
Adaptive Insights solutions are licensed on a subscription basis, with prices based on the following:
- Products
- Number of instances
- Options
- Number and type of seats licensed
- Connectors
- Duration of the contract
Subscription licenses are available for one year, or multiple years.
Adaptive Insights offers the following features:
Adaptive Insights has the following typical customers:
Large Enterprises, Mid Size Business, Non Profit, Public Administrations
Adaptive Insights supports the following languages:
English, French, German, Japanese, Portuguese, Spanish
Adaptive Insights has the following pricing plans:
Subscription
Adaptive Insights supports the following devices:
iPhone
Adaptive Insights integrates with the following applications:
Clearlogin, Domo, NetSuite, Office 365, Rippling, Sage Intacct, Sage Intacct, Salesforce Sales Cloud, Subscription Billing, Workato
Adaptive Insights offers the following support options:
Forum, Knowledge Base, Online Support, Phone Support, Video Tutorials
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.