Compare Workday Adaptive Planning and Panorama Necto - Dec 2022

Shlomi Lavi

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Bottom Line: Which is Better - Workday Adaptive Planning or Panorama Necto?

Workday Adaptive Planning is more expensive to implement (TCO) than Panorama Necto, and Workday Adaptive Planning is rated higher (94/100) than Panorama Necto (77/100). Workday Adaptive Planning offers users more features (15) than Panorama Necto (11).

Looking for the right Budgeting & CPM solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Workday Vs. Panorama Software

Workday: In 2005, software visionaries Dave Duffield and Aneel Bhusri met for brunch at a Truckee diner, a few miles north of Lake Tahoe. They decided to form a startup—one that would sell cloud-based finance and HR software. The two longtime friends had plenty of experience. Dave founded PeopleSoft in 1987 and served as the company's CEO and board chairma...

Panorama Software: Leading the Business Intelligence 3.0 revolution, Panorama Software offers a new generation of BI solutions that introduces a unique way to connect data, insights, and people in the organization. Panorama Necto™ is the first BI solution that leverages Social Decision Making and Automated Insights to enable users gain insights more quickly, more eff...

Who is more expensive? Workday Adaptive Planning or Panorama Necto?

The real total cost of ownership (TCO) of Budgeting & CPM software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Workday Adaptive Planning and Panorama Necto.

Workday Adaptive Planning price starts at $15,000 per license , On a scale between 1 to 10 Workday Adaptive Planning is rated 8, which is higher than the average cost of Budgeting & CPM software. Panorama Necto accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Workday Adaptive Planning is rated 8, which is higher than the average cost of Budgeting & CPM software.

Bottom line: Workday Adaptive Planning is more expensive than Panorama Necto.

Which software includes more/better features?

We've compared Workday Adaptive Planning Vs. Panorama Necto based on some of the most important and required Budgeting & CPM features.

Workday Adaptive Planning: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Ad-Hoc Analysis, Ad-Hoc Reporting, Automatic Scheduled Reporting, Dashboarding, Forecasting & Budgeting, Performance Measurements, Predictive-Analysis, Profit Analysis.

Panorama Necto: Ad-Hoc Analysis, Ad-Hoc Reporting, Automatic Scheduled Reporting, Customizable Dashboard, Dashboarding.

Target customer size

Workday Adaptive Planning is intended for large enterprises looking for easier ways for preparing cash flow projections, balance sheet forecasting and sales planning. Panorama Necto is now used by more than 1,800 customers spread out in different countries around the world.