Enterprise planning software for agile budgeting & reporting
4.49/5 (168 reviews)Pricing model: Subscription
Free Trial: Available (No Credit Card required)
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.
21 reviewers had the following to say about Adaptive Planning's pricing:
We started using AI about a year ago to get away from excel modeling and planning. AI has allowed us to created a driver-based model, implement rolling forecasts, and involve content owners from all departments in the planning process! This tool is awesome! Easy to use, easy to maintain, and the customer support is unparalled!
Pros
User friendly, cheap, good customer support
Cons
Somewhat limited functionality in areas, but they are constantly releasing new updates with added functionality and other improvements
Rating breakdown
Likelihood to recommend: 10/10
Pros
Very knowledgable and showed us numerious demos. The sales staff did an excellent job.
Cons
Little more expensive then we thought. There are other products out there that are cheaper, but we felt this was the best product for what we are trying to get done.
Rating breakdown
Likelihood to recommend: 7/10
Pros
It is easy-to-use so we don't need any expensive technical people to maintain it. Our management and finance team own the entire solution. It is also very scalable from small organisations to large multinational multi-billion dollar revenue organisations. Scalable in the context of - price, performance, functionality and integration.
Cons
A few months ago I would have said the reliance on Java, but that has now been removed. It's happy days for us Adaptive customers.
Rating breakdown
Likelihood to recommend: 10/10
AI provides cost-effective consolidation of accounts across departments and even companies. It ensures that latest data is available across networks, which remains secure and is easy to manage and generate reports. The main advantage is that it develops continuously on a large user base and the backend support is always on their toes to improve the functionality of the system to better suit the business it is set up for. The time required to set it up initially is totally worth it as it offers unparalleled performance later. Another advantage is that it is really easy to track changes and thus makes it a viable tool for audit purposes. It has the capability to connect to multiple data sources and generate front end user reports. Making changes in the system, later on, can be a little expensive so a proper analysis of the requirements initially is very important. Apart from that it is a must have software in your toolbox.
Pros
Great support
Cons
Changes in system are expensive
Rating breakdown
Likelihood to recommend: 9/10
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
Rating breakdown
Dynamic planning, scenario analysis, administrative time reduction
Pros
The quick time to value. Out of the box we were able to get immediate value, and over time we have been customizing our experience to our unique business needs.
Cons
A little bit rigid sometimes. There are a few simple functions that are possible, but require workarounds that are not really intuitive.
Rating breakdown
Likelihood to recommend: 9/10
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
Rating breakdown
Likelihood to recommend: 10/10
There is nothing else out there that is even close to Adaptive Insights. Perfect solution for planning, consolidations, reporting and analysis. Nobody else is even close to it. Appropriate for multiple users, in multiple locations and security is of major concern as the security provided by them is amazing.
Pros
User Friendly.
Amazing user interface.
Simple and very poewrful.
Amazing customer support.
Data Integration.
Cons
Cost is high.
Rating breakdown
Likelihood to recommend: 9/10
Adaptive Insight is an amazing software which comes with a lot of features integrated to it. They do have an amazing customer support team which is always there to solve your problem. Though the price of the software is little high apart from that it is perfect, can't think of any other con.
Rating breakdown
Likelihood to recommend: 10/10
Pros
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
Cons
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.
Rating breakdown
Likelihood to recommend: 7/10
Pros
The tool does a good job of replacing excel for critical business planning functions like forecasting.
Cons
The software can be expensive and time consuming to get set up correctly and occasionally gets glitchy.
Rating breakdown
Likelihood to recommend: 7/10
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.
Rating breakdown
Likelihood to recommend: 10/10
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.
Rating breakdown
Likelihood to recommend: 8/10
We are implementing Adaptive planning and forecasting in order to automate the process of quarterly forecast and connecting a complicated expense driven model along with Grant Management. Although it is complicated to set up, the end result is value for money.
Pros
AUTOMATIONS AND DASHBOARD
Cons
COMPLICATED TO SET UP
Rating breakdown
Likelihood to recommend: 10/10
It aids in our budgeting process
Pros
Adaptive is helpful for accounting and P&L statements from a big picture standpoint. When you need to see your overall profit or revenue statements, it's good. When you need to drill down to find exactly what's in each cell, it becomes much harder.
Cons
I wish more users could access it for our work group. We have additional users that need to have access for budgeting purposes, but it is cost prohibitive to add them on to the package.
Rating breakdown
Likelihood to recommend: 8/10
It's a great tool and it's meeting a lot of our deadlines for forcecasting. Saving valuable time and dollars.
Pros
software is very productive for forecasting and doing deep financial
Cons
Learning curve, it's not that easy to learn and you have to get used to the product. Can be more user-friendly and there can be more improvements.
can be expensive for some users.
Rating breakdown
Likelihood to recommend: 8/10
I would recommend this product hands down over the competitors.
Pros
Full-featured software with all the bells and whistles. It has unlimited flexibility in reporting and analysis options. The reporting features are extremely easy to use, and they can be customized and shared with ease.
Cons
Requires a lot of training to use, but it's worth it in the long run. The software is expensive, and it does require assistance with implementation since there is so much to do to get it up and running.
Rating breakdown
Likelihood to recommend: 8/10
Our Budgeting and Forecast process has significantly improved and can be identified through the additional value added to each of our departments through customized, timely, accurate and flexible reporting. Additionally our Financial Analysts (system end users) have increased their capacity to provide more in-depth timely analysis to the organization and their support department especially with the drill down capabilities and customizing reports.
Pros
The System is easy to use, developer friendly and customizable
Cons
Reporting functionality within the system could be enhanced. We currently use templates created in excel to house formating or additional formulas that are not available in Adaptive but are requried for our reporting.
Rating breakdown
Likelihood to recommend: 8/10
We evaluated many of the SaaS software options available before settling on Adaptive Insights (Host Analystics, Anaplan, Tidemark, etc). None of them matched the value, ease of use, and results of Adaptive. If you are looking to move away from spreadsheets and have one source for your financial data and reporting data, I highly suggest looking into Adaptive Planning. 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. Highly recommended!
Rating breakdown
Overall, Adaptive Insights has been a great software to work with. AI has increased the FP&A departments productivity during month end close and review by multiple days.
Pros
- The software is a cloud based, so you will have access anywhere you have the internet.
- No more “this worksheet is locked by another user” message.
- Imports and Exports to/from excel seamlessly…for those of you that like to work out of excel.
- Dashboard capabilities for more real time department metrics and visibility to spend.
- Rolling forecasting capabilities that allow us as a company to focus more on the future and less on the past.
- Instant Company budget/forecast results.
- Audit trails…never have to worry who, what, or when someone changed a number you budgeted or forecasted. All changes will be tracked.
- Company-wide visibility to Personnel and Capex planning that drives the cost of benefits, IT equipment, and supplies.
Cons
- Software enhancements are only every 4 to 5 months.
- Levels (Organization Departments) can be restricting to planning across multiple departments
- Noting variances in a report can be tricky at times.
Rating breakdown
Likelihood to recommend: 10/10
When I started in my role as Manager of FP&A with an agricultural inputs company, one of my first tasks was to move our planning and forecasting processes away from Excel workbooks. Trying to manage P&L's for 200+ retail locations and departments, combined with nearly 2,000 employees, during a high-growth period proved to be challenging, to say the least. Adaptive Planning has streamlined our planning and forecasting cycles and helped us to standardize metrics, reporting and analysis. Through the use of multiple versions, we have the ability to compare plans, forecasts and actuals across the organization. My only regret related to Adaptive Planning was the timing of our implementation. We started our implementation in late-July and finished in October, which coincided with our annual planning cycle. We survived, but I would not recommend this timeline! Pros: 1) Implementation was relatively quick (even though we implemented during our annual planning cycle). 2) Affordability compared to other SAAS and on-site alternatives. 3) Flexibility allows us to mold portions of the product to our needs. 4) Customer support is excellent and timely. 5) Tool can be maintained by Finance; IT involvement is not required for installation or maintenance. 6) Ongoing product enhancements continue to improve this product. 7) Office Connect allows for creation of templates in Excel, Word and PowerPoint. Updating with current results is a simple refresh button-click. 8) Attributes and dimensions allow for unlimited slicing/dicing of organizational data. Cons: 1) Only a single organization structure is currently available in a single-instance installation. This has caused some headaches, especially in the window of year-end close and progressing into a different organization structure in the new year. We have worked around this issue by utilizing level attributes to view our data in multiple structures. 2) The reporting side of the tool could be improved, including automating linkage to standard distribution/reporting platforms. For example, we use SharePoint for distribution of standard reports, but publishing reports from Adaptive to SharePoint is currently a manual process.
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