Adaptive Insights Other Advice

Brian Teets - PeerSpot reviewer
Workday Adaptive Planning Manager at a consultancy with 10,001+ employees

Overall, I would rate the solution a seven out of ten. What keeps Adaptive strong that others and some other APM tools lack is the fact that it's sort of connected to Workday. So that's very popular for people when they buy Workday, which is an amazing product on its own for fins and HCM. It is important for many organizations like to have the full suite of tools, not necessarily a best-of-breed approach. So that keeps it pretty strong in popularity.

I would advise you to crawl-walk-run because it's a very modular type of product. So once you get your key foundational elements together, meaning understanding of what you choose to plan on, then you can really create your financial data model structure, meaning you can build out your call centers and your DOL accounts and your work tags. And get that right solid. Be very clear on how you plan if you plan at the division or at the cost center. 

Have clarity around key reports first. And do a very solid requirements gathering for the plan, lay that all out, and then don't start building right away. You'll load your foundational elements. Again, your call center structure, your accounts, and load some data. 

But then do prototypes, meaning build out small models, get a sense of how it works, and pressure test at first. Then, it's just jumping right in and doing things because it gets a little harder to unpack things if you've invested time developing something without thinking through how the entire planning model will look and the reporting model. 

I've done this for quite a long period of time. I've actually had my own consultancy focused on, what a lot of the pitfalls I've seen in. While it's a great tool. There are two components of it. It's the software, but it's probably just as important as how you implement it. How do you manage the project? How do you ensure that an organization can be able to own the project once you step away? That's probably just as important, too.

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Andrew Rosenberg - PeerSpot reviewer
Adaptive Planning Manager at Alight

I would advise to look at all of the features within Adaptive. Make sure that you need all of the features that are available, but make sure you take advantage of all the features that Adaptive has. And so part of that would be maybe looking and contacting an implementation partner because the partners will be able to definitely steer clients in the right direction.

Overall, I would rate the solution an eight out of ten. The only drawback is that if very large clients, if you want to model to all the way down to every employee and you've got, a couple hundred thousand or so employees, it then becomes a very difficult implementation, but that's very few companies that are like that.  

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Gregory Maxwell - PeerSpot reviewer
Workday Financials & Adaptive Insights Project Manager at a media company with 1,001-5,000 employees

I rate Adaptive Insights an eight out of ten. I advise others to make sure they opt for configuring delivery assurance. It is very beneficial.

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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.
765,386 professionals have used our research since 2012.
BT
Senior Principal Consultant (Workday Adaptive Planning) at a computer software company with 1,001-5,000 employees

I recommend the solution. Enterprise can give you more specific advice. The ability to manage headcount planning between Workday and Adaptive is excellent, if you have needs in that area. There's no better solution on the market. If you want your financial planning analysis department to be able to self-manage the tool they're using, Workday would be an excellent choice. Those things might apply to a greater or lesser extent, depending on your specific needs. Adaptive Insights offers a good value, it integrates with a large number of ERP products, is flexible and powerful, and is easy for finance people to use. The reporting functionality is also really robust. There are lots of good reasons to recommend it. Overall, I rate the solution a nine out of ten.

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Raju PK - PeerSpot reviewer
Adaptive Planning Associate Consultant (Manager) at Alight

I rate Adaptive Insights a nine out of ten. The solution is very user-friendly; you can learn to use it from YouTube videos. It is very easy and doesn't require heavy training. The reporting feature is also very user-friendly. It is a nice tool and is in the growth phase. Adaptive Insights has added a lot of enhancement, and clients are interested in it.

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it_user757545 - PeerSpot reviewer
Investments and Treasury Manager at a financial services firm with 501-1,000 employees

This solution transformed the way both of my companies did reporting. We can now do in a few hours what used to take days or weeks.

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it_user757509 - PeerSpot reviewer
Senior Financial Analyst - FP&A at a tech services company with 501-1,000 employees

I love this software.

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JT
Senior Financial Analyst at a consultancy with 501-1,000 employees

Learn as much about the programming at the beginning of the implementation.

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it_user760536 - PeerSpot reviewer
Senior Financial Analyst at a tech services company with 501-1,000 employees

Adaptive is super user-friendly and helps our changes to the forecast immediately flow through the P&L, so we know exactly where we stand financially at any given moment.

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it_user757539 - PeerSpot reviewer
Management Reporting Analyst (Senior Level) - previsouly Analyst, Financial Reporting at a maritime company with 1,001-5,000 employees

Seek best advise and plan early rather than later during the initial phase of implementation. It would be costly to make significant changes at a later phase.

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it_user192219 - PeerSpot reviewer
Finance Manager at a mining and metals company with 51-200 employees

You can implement this product if you are looking for a Corporate Performance Management & Business Intelligence Tool that requires a minimal time for planning, budgeting & reporting.

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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.
765,386 professionals have used our research since 2012.