What is Workday Adaptive Planning?
Elevate your budgeting, planning, and modeling with enterprise planning software. Familiar Excel-like sheets streamline the planning process and allow you to drill down into cell values in order to extract and share strategic insights. Configurable options and the ability to create custom calculations within your model give you the flexibility to adapt as your business grows and changes. Workday Adaptive Planning is positioned as a Leader in Gartner's 2019 Magic Quadrant for Cloud FP&A Solutions
Who Uses Workday Adaptive Planning?
Finance and FP&A teams who are still using spreadsheets for budgeting and forecasting, but need an affordable solution to solve for broken links, data integrity issues, and version control errors.
Where can Workday Adaptive Planning be deployed?
Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), iPhone (Mobile)
About the vendor
- Workday
- Located in Lakewood, US
- Founded in 2003
- Phone Support
- Chat
Workday Adaptive Planning pricing
Starting Price:
- Yes, has free trial
- No free version
Workday Adaptive Planning does not have a free version but does offer a free trial. Workday Adaptive Planning paid version starts at US$15,000.00.
Pricing plans get a free trialAbout the vendor
- Workday
- Located in Lakewood, US
- Founded in 2003
- Phone Support
- Chat
Workday Adaptive Planning videos and images
Features of Workday Adaptive Planning
Alternatives to Workday Adaptive Planning
Reviews of Workday Adaptive Planning
Ben
Great Product
Comments: We are going into our third budget cycle using Adaptive and it has made our process much more efficient. Prior to using Adaptive we played budget ping pong, bouncing spreadsheets back and forth and then once we landed on a final version the Finance team consolidated the numbers. Adaptive is great because you can see the impact of a change to the consolidated budget in real time. This is a great software for the Finance team as well as the budget / business managers.
Pros:
There are many great features including: audit trails, notes, role permissions and security, the ability to quickly create versions, great technical support, and it’s cloud based.
Cons:
There is a report builder in Adaptive and it’s easy to use. However, I do feel like they have focused on making improvements in other areas and the reporting hasn’t made as much progress. I do think this is one area that could use some improvements.
Jonny
An FP&A Dream Tool
Comments: I will always recommend Adaptive to FP&A professionals. Once you use it and truly understand it, I'm sure you will do the same. There is little wonder why they are a leader in the SaaS space.
Pros:
A cloud-based tool that enables you to forecast and budget different scenarios. OfficeConnect (an add-on feature) allows you to create reports directly in Excel and increases overall team efficiency.
Cons:
Setting up Adaptive Insights is a crucial, timely, and difficult process. However, the time you put into building your instance initially saves time and pays dividends in the future.
Alternatives Considered: Vena and Anaplan
Reasons for Switching to Workday Adaptive Planning: Previous positive experience with the product and one that I trust. Didn't see a reason to learn something new for the same price.
Eutiquio
Reliable and easy to use tool for data business planning
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.
John
Sophisticated, but slow software
Comments: The actual forecast model is very nice, but I wish the software could be more user-friendly, and faster.
Pros:
Adaptive Planning is very sophisticated. There are so many ways models can be created, and it supports so many different versions which I love. I can create a forecast for every single GL account for every different department of the company.
Cons:
First, the software is very slow for a company at around 1000 size. If you make even a slight forecast/formula update, it can take 30mins to an hour before you can start using it again. Also, the formulas are very difficult to learn. The formula assistant feature definitely helps, but the way the formula is structured, it's almost impossible to use without the assistant.
Aaron Daniel
Review
Comments: My experience of using Workday Adaptive Planning is very good since my work is related to analyzing data's of financial planning's etc.
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.
