Workday Adaptive Planning

Pros

1. Easy to adapt , manage and built our own dashboard for end users based on data.
2. It is extremely good and wonderful for managing and creating reports in seconds.
3. Quick and easy implementation.
4. Extremely reliable and we have never seen this kind of performance , no latency noticed till now.

Cons

1. Little disappoint with customer care support and timeline.
2. User management is completely manual.

Pros

Workday allowed us to do all of our financial planning in one central hub. We can easily budget, generate financial statements, and run many different what if versions for all revenue and budget scenarios. Super user friendly for all planning options!

Cons

It was slightly tough to implement and get things started in the system, just very different than other financial planning tools I’ve worked with. Once you get it implemented, everything is smooth sailing!

Alternatives Considered

Reasons for Choosing Workday Adaptive Planning

Switched From

Reasons for Switching to Workday Adaptive Planning

Pros

I mainly used workday when I was working for FedEx. It was useful when organizing bank statements and schedules. Keeping up with benefits and Tax information was a plus as well.

Cons

The only thing I had an issue with was after the update of the workday; there was not a clear enough explanation of how to navigate the apps. The new dashboard shows you everything on the main screen. You still needed to somewhat navigate through the site yourself and figure things out on your own.

Pros

It does everything and FP&A team could ever wish for.

Cons

It takes quite some time and training to learn how to use.

Pros

The architecture is really good. The ability to save the data and propagate it throughout the system was a plus. Additionally, the dimensions in reports and seeing differences between the dimensions were very useful.

Cons

The personnel and TBH list were in two different model lists. It is preferred if the employees, titles, etc were dimensions s nice that is the largest expense of our business. The reports by the employee and by account were difficult to use.

Alternatives Considered

Reasons for Switching to Workday Adaptive Planning

Pros

It looks nice, and it theoretically should have capability to use data year over year. That would be nice, for the future.

Cons

It's hard to use, understand, navigate, and figure out what is going on. For an onsite team member doing data entry, it's just way harder than it should be in my opinion.

Pros

It is simple in work plan follow up of tasks and team work engagement.
Accurate accounting and bank reconciliation.
Proper prediction and budgeting.

Cons

No drawbacks for a while now and it keeps improving.

Pros

Seems like it is built similar to the excel spreadsheet model where you can really make it anything you need.

Cons

Requires more training at the front end compared to other more robust (and expensive) systems. Doesn't seem to have two-way communication with Sage Intacct with regard to real time data pulls.

Pros

I liked its very helpful ui system and its various options regarding companies Intregation

Cons

Its password protection. It can be change to receive otp

Pros

A very good corporation management website.

Cons

I had used workday and i don't seem to have any problems.

Pros

We use Adaptiv for our budgeting purposes. Their importing function makes it easy for users to upload data for analysis. Adaptiv planning has made our budgeting planning easy!

Cons

There were a few bugs in the past, but they have been resolved.

Pros

Workday is an easy and clear app. We can manage our professional life.

Cons

It's not something really essential, but I couldn't close the signs of alerts even when I check the messages, because it is not clear how to do it.

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.

Pros

The ability to build a bottoms up budget/forecast is an attractive component on this software. It is an assumption based model that is easy to follow and update in the backend

Cons

There is some functionality that it lacks for assumption sheet creation.

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.

Pros

Workday makes it super easy to manage all aspects of my job from scheduling to time off and payment elections and tax withholdings anywhere at anytime.

Cons

The task workflow process seems a bit drawn out and unclear for some things. There are a lot of options that still appear even if not enabled by the administrators.

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.

Pros

This is a solid software base that my firm uses to consolidate forecasting data and pull those forecasts for board review. It is a great platform to use for data warehousing and to pull massive subsets of data. Those pulls can then be used and pasted into Excel or whatever template that you need to generate the proper metrics.

Cons

The functionality is not as user friendly as you would like. The customized reporting is complex and hard to understand. I would recommend sitting in on a seminar or tutorial before committing to it. It isn't quite user friendly and, for us, we don't use it for anything but generating massive paste fills to be dumped into our reporting templates.

Pros

Workday Adaptive Planning is very convenient to use especially when it comes to financial planning solutions and enterprise planning, they really provide it.

Cons

I don't see any downside or lack of this product and that is why I rated it 10.

Pros

Add assumptions one time and all applicable areas are updated.

Cons

Version protection could be better. Some changes in assumptions aren't version specific, therefore previously locked versions are affected. This is not good for companies that use prior budget versions for benchmarking purposes. The reporting module could be a little more robust but can give you some nice basic reports.

Pros

- Quick and easy to consolidate all accounts for all business units
- Status tracking is made easy
- Superb customer services

Cons

Would love to see the changes in future releases:
- Ability to import formulas rather than having to manually set up 1000+ formulas in Adaptive;
- Ability to line up notes in reports

Pros

Ease of implementation and use.

Cons

Still developing some modules, need time to improve

Pros

It has easy-to-use features that are good for reporting, planning, and data visualization.

Cons

The only that I don't like with this software is that it freezes and crashes on my computer. But I think I need upgrades on my computer. Overall, the software is good.

Pros

It's pretty easy to use for the most part

Cons

It does take a while to load up once you sign in

Pros

Ease of use, customer service.

Cons

Web reporting