Adaptive Insights (now Workday Adaptive Planning) offers a comprehensive business planning platform recognized as a Gartner leader. Organizations benefit greatly from streamlined budgeting and forecasting, focusing on analysis and strategic initiatives for business competitiveness. While setup complexity demands thorough training, its flexibility empowers real-time adjustments for agile decision-making.

Adaptive Insights Specifications

Financial Reporting

Invoice Management

Expense Tracking

Tax Management

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What is Adaptive Insights?

Overview

Adaptive Insights is a web-based SaaS (Software as a Service) solution for corporate performance management (CPM) providing businesses of all sizes with advanced tools for effective forecasting, budgeting, and reporting. The primary goal of the software is to do away with any additional hardware or electronics and offer users the freedom to work remotely. By providing data-driven insights, Adaptive Insights provides businesses with the necessary agility to adapt to the ever-evolving trends in the business world.

The User Interface is set up to imitate MS Excel to mirror and promote the same level of efficiency, familiarity, and reliability. Offered functions include budgeting and forecasting, reporting, administrative management comprehensive dashboards, and financial modeling capabilities. These tools enable users to collaborate more easily with partners, as well as model, analyze and report on business performance on a continuous basis. The software’s drag-and-drop feature makes it convenient to design and edit reports that provide real-time data and give users a detailed overview of the entire organization.

Adaptive Insights comes with the flexibility and scalability to serve businesses of different sizes and nature across multiple industry verticals including healthcare, manufacturing, business services, nonprofit organizations, and even web-based software companies.

Pricing: Provided upon quote. A free trial is available.

USP: Partnership with value-added resellers (VARs) in various countries. Seamless integration with its native performance management tools. Niche-specific features are also offered.

Support: Support is provided via email and phone.

Product Advantages: Consistent and powerful support, implementation, and training services. User- friendly and can be accessed from anywhere.

Product Limitations: Complex usability, extensive learning curve. Expensive service. Bugs in multi- currency conversions.

Pros and Cons of Adaptive Insights

Pros

  • It provides powerful AI and machine learning capabilities that deliver deep insights
  • Users benefit from a flexible structure and can customize models to meet their specific needs
  • The software offers built-in analytics and reporting features for data-driven decision making
  • Workday Adaptive Planning delivers integrated planning across finance, workforce, and operations

Cons

  • Steep learning curve requires additional training time and resources
  • Some users mentioned issues with slow performance, especially when running complex reports
  • Customizations require Workday consultants, raising costs and extending timelines

Adaptive Insights Reviews

Overall Rating

4

1 Review(s)

Rating Distribution

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April 2024

Essential tool for financial planning and analysis

Sarah Mitchell

Accounting

Ease of use

9

Value for money

7

Customer Support

9

Functionality

8

Pros

Adaptive Insights has transformed our budgeting and forecasting processes. The interface is user-friendly and intuitive which makes it easy to navigate through various financial models. Also the integration with other systems is seamless as it allows us to pull data from different sources easily. Moreover the ability to create detailed financial reports quickly has improved our decision-making process significantly. Additionally, the customer support team is very responsive and helpful, addressing our concerns promptly.

Cons

The initial setup process was quite complex and time consuming. Also we needed additional training to fully understand the softwares capabilities.

Frequently Asked Questions

Workday Adaptive Planning (formerly called Adaptive Insights) caters to numerous industries, including banking, government, healthcare, higher education, hospitality, insurance, life sciences, manufacturing, media and entertainment, nonprofit, professional services, retail, and technology.