Adaptive Insights Benefits
For the organization I used to work at, it streamlined the process of creating budgets. It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.
So that made it easy. Reporting was pretty easy to set up as well. It streamlined the amount of time it took to do the budget as well as kind of making it simple to implement a rolling forecast process. So, it really was more just a productivity increase and time shortening for the budgeting and forecasting process.
View full review »Adaptive Insights allows us to create templates across different areas of the business. It helps develop a more unified work format throughout the company. All the team members can follow similar templates with the right details.
View full review »Budgets and forecasts used to be done in spreadsheets. This causes version control issues as well as broken links when files are moved. Also, if you want to change your reporting structure in spreadsheets it is all done manually. By moving to Adaptive, all of these issues are resolved and actuals, budgets, and forecasts are all merged seamlessly into one planning system.
View full review »Buyer's Guide
Adaptive Insights
March 2024
Learn what your peers think about Adaptive Insights. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
765,234 professionals have used our research since 2012.
We have gone from an organization that looked backwards at financials and had a one-time annual budget to an organization that looks forward, has rolling forecasts, long-term planning, metrics, and push button reporting.
View full review »It creates a source of truth.
View full review »JT
Jaynee Tolle
Senior Financial Analyst at a consultancy with 501-1,000 employees
There are less errors, due to incorrect formulas and manual data entry between multiple Excel spreadsheets. The system has allowed us to take more than 90 spreadsheets and combine them into one system which automatically calculates based on assumptions, dimensions, etc.
View full review »Has customers create dashboards, which leads to improvements on trade analysis.
View full review »We have had Adaptive for several years, but it is super helpful when we have a short turnaround time to deliver our income statement if we were to make crazy, strategic decisions.
View full review »Our organization is able to use Adaptive to complete a major majority of our monthly management and quarterly Board reports. By refreshing reports and pages automatically, it creates the monthly report package with little to no manual staff work. This process was very manual with our old system. Adaptive gives our users the flexibility to budget at either the Natural Account or line item level.
View full review »More accurate, reliable, and timely forecasting.
View full review »- Standardized monthly reporting
- Quick and easy for ad hoc requests
- Interfaces with other data warehouses
By using Adaptive Planning (AP), we can quickly get the big picture after multiple changes to different departments and account codes.
View full review »- Reduced Planning & Budgeting time - It takes hardly a couple of days to complete my entire budgeting exercise
- Uploading actual data and generating monthly reports with comparison of actual v budgets in no time
- Increases collaboration and communication among the businesses.
- Engages departments to understand and follow their costs.
HN
Herman Ng
Finance at a tech vendor with 51-200 employees
Automated reporting.
View full review »Buyer's Guide
Adaptive Insights
March 2024
Learn what your peers think about Adaptive Insights. Get advice and tips from experienced pros sharing their opinions. Updated: March 2024.
765,234 professionals have used our research since 2012.