Workday Adaptive Planning Review - why 4.5 stars?

Workday Adaptive Planning Review
ITQlick Score: 94/100
ITQlick Rating:
(4.5/5)
Pricing: 8/10 - high cost
Category: Budgeting & CPM -> Workday Adaptive Planning review
Ranking:Ranked 1 out of 50 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 pricing, Workday Adaptive Planning alternatives
Shlomi LaviShlomi Lavi / updated: Nov 09, 2022

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What is Workday Adaptive Planning?

Adaptive insights (now Workday Adaptive Planning) is a cloud-based budgeting & CPM software designed for business planning, modeling, budgeting, and forecasting towards making better and faster decisions. The software comes with features such as:
  • Workforce Management: Workday Adaptive Planning help end-users plan and analyze their headcount with agility and confidence with effective hiring plans, identifying gaps, and aligning with financial performance and business goals.
  • Revenue Management: This feature helps end-users accurately forecast revenue with integrated financial and sales planning, with collaborative revenue forecasts and sales plans that streamline their finance, sales, and service organizations.
  • Expense Management: Workday Adaptive Planning help end-users streamline and manage their business and access key cost drivers on demand. End-users can simplify and accelerate expense forecasting, planning, and analytics.
  • Capital Management: End-users can facilitate the management of their capital through planning and analysis. They can streamline capital planning and report for the complete life cycle of their assets.
Workday Adaptive Planning is a budgeting & CPM software that started in 2003. The company is headquartered in Palo Alto, California, United States. The company has a workforce of up to 1000 employees. Gartner named the company as a Leader in the 2021 Magic Quadrant for Cloud Core Financial Management Suites.

Who is it best for?

Workday Adaptive Planning is intended for large enterprises looking for easier ways for preparing cash flow projections, balance sheet forecasting and sales planning. Workday Adaptive Planning has customers in the Business Services & Consulting fields. Examples include Aztec, United Data Technologies, Knowledge Networks, ProKarma and Synovate.

Customers relying on this software in the manufacturing sector are AGCO, Yamaha Motor, Toyota Danmark, The Greenfield Group, Philips Lifeline Systems, Nissan and Bridgestone Industrial Products.

Other sectors that will certainly need this software are banking, insurance, Media & Publishing, Computer Hardware & Networking, mining and nonprofit organizations.

Main features and functionalities

Workday Adaptive Planning was developed to help you achieve world-class performance management. It can be used to help you reduce CPM cycles by automating the data consolidation and integratiing with other systems.

The software can be used to make better decisions based on facts with the use of a centralized application that compares actual data to plan data.

Workday Adaptive Planning can also help a business person improve participation among management team by providing an interactive tool that facilitate data collection and real-time reporting.

What is the actual cost?

Workday Adaptive Planning offers per-seat pricing model starting at 15,000 USD per license for a large range of businesses from small nonprofit or startup to large multinational enterprise.
They also provide a pricing structure for Workday customers that aligns with Workday HCM and Workday Financial Management pricing.

ITQlick pricing score is 8 out of 10 (10 is most expensive). Access ITQlick pricing guide for Workday Adaptive Planning. You can also find here pricing information from Workday Adaptive Planning's website.

Pros

  • Adaptive Insights offers features including audit trails, notes, role permissions, and security
  • The software is a cloud-based tool that enables end-users to forecast and budget different scenarios
  • Adaptive insights customer support is highly responsive to detailed technical questions
  • Adaptive Insights improves participation between team members
  • Adaptive Insights is accessible through the cloud, allowing flexible access options

Cons

  • Setting up Adaptive Insights is a crucial, timely, and difficult process

How it stacks up?

Access a head to head analysis of Workday Adaptive Planning vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
Workday ...
ITQlick rating
4.5/5
Score
94/100
Pricing
8/10
License pricing
$15,000 per license
Functionality
28
Compare
neubrain...
ITQlick rating
3.8/5
Score
92/100
Pricing
4/10
License pricing
$10,000 per license
Functionality
17
Budgyt
ITQlick rating
4.9/5
Score
89/100
Pricing
3/10
License pricing
$399 per month
Functionality
3
Review
Sage
ITQlick rating
4/5
Score
87/100
Pricing
2.4/10
License pricing
$45 per month
Functionality
4
Review
PlanGuru
ITQlick rating
4.2/5
Score
87/100
Pricing
2.8/10
License pricing
$99 per month
Functionality
22

Frequently Asked Questions (FAQs)

Is it the best Budgeting & CPM system?

Workday Adaptive Planning is ranked 1 out of 50 software in their category (Budgeting & CPM systems).

How they are rated on ITQlick?

The rating of Workday Adaptive Planning is 4.5 stars out of 5 and the total score is 94 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Workday Adaptive Planning makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access Workday Adaptive Planning on your mobile/smart phone.

Differences between Workday Adaptive Planning and alternatives?

The most popular alternatives to Workday Adaptive Planning in 2022: neubrain analytics, Budgyt, PlanGuru, Sage 100cloud, Vena. Access the complete competitors analysis here - Workday Adaptive Planning VS Budgeting & CPM Software alternatives.

Is Workday Adaptive Planning right for you or your business?

Workday Adaptive Planning (formerly Adaptive Insights Business Planning Cloud) provides enterprise planning solutions for companies of all sizes across all industries. Target industries include energy & utilities, Insurance, the Public Sector, Software companies, Healthcare, and Life sciences. Customers seeking to improve their business agility and make profitable decisions will fit into the budgeting and CPM system of Workday Adaptive Planning.

The software offers purpose-built modeling, reporting, and analytics solutions for finance, workforce, sales, and operational planning. Examples of customers using Workday adaptive planning are ChristianaCare, Denny, Goodwill, HubSpot, Microsoft, Steve Madden, etc.

List of categories

Accounting Practice Management
Budgeting & CPM
Financial reporting
Payroll Accounting
BI & Analytics
Business performance management
Dashboards & KPIs
Data analysis
Data mining
Data visualization
OLAP
Predictive analytics

List of features

Ad-Hoc Analysis
Ad-Hoc Reporting
Automatic Scheduled Reporting
Dashboarding
Forecasting & Budgeting
Performance Measurements
Predictive-Analysis
Profit Analysis
Balance Sheet
Capital Asset Planning
Cash flow/cash budget
Forecasting
Multi-Department / Project
Revenue budget
Sales budget

Author - 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.