Adaptive Planning
Enterprise planning software for agile budgeting & reporting
4,5 /5 (168 reviews) Write a Review!Adaptive Planning Overview
What is Adaptive Planning?
Workday Adaptive Planning, formerly Adaptive Insights, is a cloud-based enterprise planning software, which offers tools to help businesses collaboratively plan using tools for modeling, budgeting & forecasting. It offers features including balance sheets, expense tracking, workforce modeling, and more. Workday Adaptive Planning helps people in companies collaborate, gain insights, and make smarter decisions using powerful modeling and analytics. The cloud-native planning and analytics applications enable organizations of all sizes to adapt to a changing world and shifting business conditions with confidence and agility.
With Workday Adaptive Planning, businesses can reduce the time and energy that finance teams spend on spreadsheet-based planning. Workday Adaptive Planning can help users make faster, more informed business decisions with tools scenario planning, forecasting, financial intelligence analytics, and more.
With the drag-and-drop capabilities available in Workday Adaptive Planning, reports can be created and edited. They reflect real-time data and give users a view of the entire business. Users can drill down into corporate metrics, operational performance, and key performance indicators to quickly identify patterns and problem areas.
Workday Adaptive Planning allows businesses to streamline the process of reassigning values from one part of the organization to another by replacing multiple complex formulas with easy-to-create allocation rules.
With Workday Adaptive Planning, businesses 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.
Businesses can create and maintain multidimensional finance models within Workday Adaptive Planning with no coding required. The intuitive interface accommodates all types of modeling—workforce, capital, and revenue—across businesses of any size or industry.
Adaptive Planning Overview
Pricing
Pricing options
Workday Adaptive Planning products are licensed on a simple subscription basis. The pricing model is based on the base price plus user seats. Contact Workday for more information.
Adaptive Planning Features
Media
Adaptive Planning Reviews
Adaptive Planning Reviews
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.
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.
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Great Product
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.
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.
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
Adaptive User
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
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.
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Adaptive Planning Pricing
Adaptive Planning Pricing
Workday Adaptive Planning products are licensed on a simple subscription basis. The pricing model is based on the base price plus user seats. Contact Workday for more information.
Workday Adaptive Planning products are licensed on a simple subscription basis. The pricing model is based on the base price plus user seats. Contact Workday for more information.
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Adaptive Planning Features
Adaptive Planning Features
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Categories
Categories
Additional information for Adaptive Planning
Additional information for Adaptive Planning
Key features of Adaptive Planning
- Automated Currency Exchange Calculations
- Automated Data Rollup
- Automatic Data Consolidation
- Capital Asset Planning
- Cloud Access
- Customizable Reports
- Data Integration
- Drag-and-Drop Report Builder
- Easy-to-Use Interface
- Flexible Budgeting and Forecasting Tools
- Integrated Financial Statements
- Revenue Planning
- Self-Service Reporting
- Sharing Documents
Benefits
• Workday supports enterprise teams with financial planning and analytics software that helps effectively align demand for services with funding.
• With automatic consolidation and data integration, as well as a streamlined system for financial statements and models, businesses can spend their time and money on the most valuable opportunities.
• Workday Adaptive Planning also enables users to drive better business decisions with a centralized application that automatically integrates plan data and actuals from GL tools as well as other transactional systems such as HCM and CRM.
• With built-in, real-time workflow, Workday Adaptive Planning enables managers to maintain visibility and stay up-to-date with the latest business data and metrics. Teams will be 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 latest data.
Adaptive Planning FAQs
Adaptive Planning FAQs
Below are some frequently asked questions for Adaptive Planning.
Q. What type of pricing plans does Adaptive Planning offer?
Adaptive Planning offers the following pricing plans:
Pricing model: Subscription
Free Trial: Available
Workday Adaptive Planning products are licensed on a simple subscription basis. The pricing model is based on the base price plus user seats. Contact Workday for more information.
Q. What are the main features of Adaptive Planning?
Adaptive Planning offers the following features:
- Automated Currency Exchange Calculations
- Automated Data Rollup
- Automatic Data Consolidation
- Capital Asset Planning
- Cloud Access
- Customizable Reports
- Data Integration
- Drag-and-Drop Report Builder
- Easy-to-Use Interface
- Flexible Budgeting and Forecasting Tools
- Integrated Financial Statements
- Revenue Planning
- Self-Service Reporting
- Sharing Documents
Q. Who are the typical users of Adaptive Planning?
Adaptive Planning has the following typical customers:
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Q. What languages does Adaptive Planning support?
Adaptive Planning supports the following languages:
English, French, German, Japanese, Portuguese, Spanish
Q. What type of pricing plans does Adaptive Planning offer?
Adaptive Planning has the following pricing plans:
Subscription
Q. Does Adaptive Planning support mobile devices?
Adaptive Planning supports the following devices:
iPhone
Q. What other apps does Adaptive Planning integrate with?
Adaptive Planning integrates with the following applications:
Clearlogin, Domo, Microsoft 365, NetSuite, Rippling, Rivery, Sage Intacct, Sage Intacct, Salesforce Sales Cloud, Workato
Q. What level of support does Adaptive Planning offer?
Adaptive Planning offers the following support options:
Knowledge Base, Online Support, Phone Support, Video Tutorials, Forum, FAQs
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.