Overview
Product Information on Workday Adaptive Planning
What is Workday Adaptive Planning?
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Overall experience with Workday Adaptive Planning
“A scalable & agile planning tool for Finance - with its share of challenges”
“Average Budgeting Software”
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Financial Planning Software
About Company
Company Description
Workday is the AI platform for managing people, money, and agents. Workday unifies HR and Finance on one platform with AI at the core to empower people at every level with the clarity, confidence, and insights they need to adapt quickly, make better decisions, and deliver outcomes that matter. Workday is used by organizations around the world and across industries.
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Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
User Sentiment About Workday Adaptive Planning
Reviewer Insights for: Workday Adaptive Planning
Deciding Factors: Workday Adaptive Planning Vs. Market Average
Performance of Workday Adaptive Planning Across Market Features
Workday Adaptive Planning Likes & Dislikes
Ability to model GL accounts with different dimensions and create multiple budget/forecast versions while integrating data from external systems. The cloud-based solution also helps in enabling real-time collaboration between different users and teams.
It looks like an excel sheet, which is somewhat familiar to people. It is easy to grant/remove users. Once you have worked through difficult configuration, it's easy to copy one year's template to future years.
Strong reporting functionality and design capabilities. The tool has continued to improve with Scenario functionality and recent testing of AI support.
Implementing adaptive planning for large or complex organizations requires highly specialized knowledge. Also, the initial cost for setup and ongoing maintenance is quite high which means that any changes to the original model are hard to make.
A little difficult to use at times. Reporting could be much easier. It is extremely overpriced for it's functionality.
There are challenges in shifting to new models or re-vamping our model structure as our business changes, while trying to keep prior versions compatible with new reporting.
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Peer Discussions
Workday Adaptive Planning Reviews and Ratings
- Systems Assistant Manager50M-1B USDBankingReview Source
A scalable & agile planning tool for Finance - with its share of challenges
Adaptive planning is quite powerful when it comes to financial planning where we can define different scenarios and models. The added benefit of having Workday Financial Management means that we can directly integrate actuals and plan data between the 2 platforms, increasing efficiency for the finance teams. - Director of Finance50M-1B USDSoftwareReview Source
Adaptive is a great tool for improving reportability and internal user engagement
Adaptive has great reporting features and they provide many options for designing models. Data integrations and other support tooling with critical vendors round out the overall product offering as a great tool for the medium-sized business with a mostly developed business model. - Financial Aid Specialist50M-1B USDBankingReview Source
Cloud-Based Finance Tool Enables Structured Planning but Reporting Feels Limited
Workday Adaptive Planning is pure structured and collaborative tool which makes the experience good and it is cloud based tool so that's mean I can access it even when I am on the go. - DIRECTOR OF FINANCE<50M USDMiscellaneousReview Source
Average Budgeting Software
Adaptive is an effective budgeting software, but doesn't have many bells & whistles. It is a little clunky for users and some of the functionality isn't that straight forward. We are a NFP with not too many tech savvy individuals, and they often have the same difficulties each year using the site. The budget modules do work and there is plenty of room for customization, however we often find glitches and it is sometimes difficult to navigate between different budget sections. - Business process executive50M-1B USDInsurance (except health)Review Source
Ease of Budgeting With Workday Adaptive Planning Offset by Reporting Complexity
Workday adaptive planning has been a great tool overall. Its easy to use, helps steamline budgeting and forecasting. Saves a lot of manual effort. There was a bit of learning curve at first, but once I got used to it, the features really helped improve efficiency and collaboration.