Workday Adaptive Planning - Top Competitors (Dec 2022)

Workday Adaptive Planning Review
ITQlick Score: 94/100
ITQlick Rating:
Pricing: 8/10 - high cost
Category: Budgeting & CPM -> Workday Adaptive Planning review -> Workday Adaptive Planning competitors
Ranking:Ranked 1 out of 51 Budgeting & CPM systems
Company: Workday
Pricing: starts at $15,000 per license
Typical customers: Small, medium and large size businesses
Platforms: Mobile, Cloud
Links: Workday Adaptive Planning review, Workday Adaptive Planning pricing guide
Shlomi LaviShlomi Lavi / updated: Dec 28, 2022

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Workday Adaptive Planning vs. Alternatives in 2023

Workday Adaptive Planning compete with other budgeting & CPM systems like Planful, Anaplan, and Board. We will compare these budgeting & CPM systems in some specific aspects below.
  • Functionality: Workday Adaptive Planning offers features like Workforce Management, Revenue Management, Expense Management, Capital Management, Profitability Analysis, Balance Sheet & Cash Flow, and Financial Close. Compared to its alternatives, Planful offers features like Plan, Budget & forecast, available in Workday Adaptive Planning and Anaplan. Planful also offers Close and Consolidate, which are available in Workday Adaptive Planning. Planful offers Annual Operating Plan (lacking in Workday Adaptive Planning and available in Anaplan), Financial Reporting (lacking in Workday Adaptive Planning), Workforce Planning (available in Workday Adaptive Planning), Cash Flow Forecasting, Scenario Analysis, Rolling Forecasts, and Financial Close Management (available in Workday Adaptive Planning). Anaplan offers features like supply & demand planning, sales insight, incentives, and planning lacking in Anaplan and Workday Adaptive Planning.
  • Customers/Industries: Workday Adaptive Planning target Higher education, Hospitality, Retail, Professional Services, Nonprofits, Manufacturing, Financial services, etc. Customers using Workday Adaptive Planning are Airbnb, Airbus, The University of Arizona, Blue Cross Blue Shield of Rhoda Island, etc. Anaplan targets Banking and Capital Markets, Consumer products, insurance, Life sciences & Healthcare, Retail, Technology, Telecomm, etc. Customers using Anaplan are DocuSign, TATA Steel, Zillow, Sonos, Carter, Unum, etc. Board targets Retail, Professional Services, Automotive, and CPG. Customers using Board are Coca-cola, KPMG, Puma, United States navy, Mitsubishi Electric, etc.
  • Cost: The license cost information for Workday Adaptive Planning and its close alternatives mentioned in this review are unavailable on their official website. However, according to ITQlick expert cost research, Workday Adaptive Planning is cost-rated at 4/5, which means it is a high-cost budgeting & CPM software. The rating system considers this software rated 1-2 as low-cost and 4-5 as high cost.
  • Popularity: Workday Adaptive Planning, founded in 2003, is a publicly-traded company with over 5,200 organizations strategically using its planning solutions. Board, founded in 1994, is privately held with over 3,000 customers.
  • Scalability: Workday Adaptive Planning offers planning solutions for businesses of all sizes. Workday Adaptive Planning, Board, and Planful, can also scale businesses from small and midsized to an enterprise.
  • Support: Workday Adaptive Planning and alternatives share similar support channel offers like Email/Help Desk and FAQs/Forum. Workday Adaptive Planning, Board, and Planful offer a knowledge base and phone support lacking in Anaplan. Workday Adaptive Planning, Board, and Anaplan, offer Chat which is lacking Planful. Board and Anaplan offer 24/7 live rep, which is lacking in Workday Adaptive Planning and Planful.

Workday Adaptive Planning vs. Alternatives (pricing table)

Software Price per month Free trial
Workday Adaptive Planning Customized Unknown
Anaplan $100 per user Yes
Adaptive Insights $99 per user Yes
Planful $85 per user Yes
Prophix $75 per user Yes
Vena Solutions $50 per user Yes

Workday Adaptive Planning's Free Alternative

OpenPlan: OpenPlan is an open-source CPM platform that offers a range of tools for financial planning, budgeting, forecasting, and reporting. It is designed to be flexible and customizable, and it can be used for both small and large organizations.

Workday Adaptive Planning Best Alternative for Small Business

Anaplan: Anaplan is a cloud-based CPM platform that offers a range of tools for financial planning, budgeting, forecasting, and reporting. It also provides tools for collaboration and data visualization. Anaplan offers a range of pricing options, including a free trial and various subscription plans based on the size and needs of your organization.

Workday Adaptive Planning alternatives - for small & large Business

Here are the top 4 alternatives to Workday Adaptive Planning that are worth checking out: Budgyt for SMBs, Neubrain for large size business, Sage 100cloud for growing companies, and XLReporting for low budget organizations.

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality
Review
Compare
Workday ...
ITQlick rating
4.5/5
Score
94/100
Pricing
8/10
License pricing
$15,000 per license
Functionality
28
Best for SMBs
Budgyt
ITQlick rating
4.9/5
Score
89/100
Pricing
3/10
License pricing
$399 per month
Functionality
3
Review
Best for Enterprise
neubrain...
ITQlick rating
3.8/5
Score
92/100
Pricing
4/10
License pricing
$10,000 per license
Functionality
17
Growing
Sage
ITQlick rating
4/5
Score
87/100
Pricing
2.4/10
License pricing
$45 per month
Functionality
4
Review
Free version
XLReporting
ITQlick rating
2.8/5
Score
80/100
Pricing
2.8/10
License pricing
$240 per month
Functionality
9


Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.