#1 most frequent
United States of America
76.1%3,287 installations of 4,322
What is Workday Adaptive Planning?
Workday Adaptive Planning streamlines planning workflows, using AI and real-time data integration to improve collaboration and provide predictive forecasts for better strategic analysis.
Categories & Use Cases
Media
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Top Performing Features
Customizable dashboards
Customizable dashboards are dashboards providing the builder some degree of control over the look and feel and display options.
Category average: 7.7
Dashboard / Report / Visualization Interactivity on Mobile
In-app dashboard reports and data visualization.
Category average: 7.3
Financial budgeting
Annual budget for revenue and operating expenses, headcount/compensation, capital expenses, projects, etc.
Category average: 8.9
Areas for Improvement
Journal entries and reports
Ability to enter journal entry adjustments and produce reports showing all journal entries for a specific period.
Category average: 7.5
Intercompany Eliminations
Matching and elimination of intercompany revenue, expenses, and balance sheet accounts.
Category average: 7.6
Minority Ownership
Consolidate financials full or partial ownership of subsidiaries, equity pick-up.
Category average: 7.3
Who Buys & Uses Workday Adaptive Planning
#2 most frequent
United Kingdom of Great Britain and Northern Ireland
5.0%217 installations of 4,322
#3 most frequent
Canada
5.0%215 installations of 4,322
Pros
- Enables real-time budget changes and impact analysis.
- Streamlines reporting with minimal manual intervention.
- Acts as a single source of truth for financial data.
Cons
- User interface and dashboarding can be unintuitive.
- Lacks flexibility in formatting and mass updates within dashboards.
- Data input processes can be complex.
Great consolidated option.
Use Cases and Deployment Scope
Workday is an all-in-one solution for managing HR aspects and finance tracking, but it's not the "best" solution in those categories. But having a consolidated platform to handle these aspects is sometimes worth the hassle. You'll need to weigh the pros and cons, such as having a single platform for integration within the company, but also consider how it compares to employee productivity and the valuable features that specialized platforms might offer.
Pros
- Expense tracking.
- HR form and document tracking.
- Employee resource planning.
Cons
- Budgeting either isn't included or an extra fee.
- Expense reporting aspects are repetitive and hard to fully optimize.
- Finance tracking is limited to basic reports with multiple levels or drill-down...hard to fully grasp without exporting data and massaging in something else (like Excel).
Return on Investment
- Single system/location for employees to interact with.
- Single system for developers to work with.
- Provides the basics needed in a SaaS platform for easy management.
Usability
Alternatives Considered
Paycor, Paycom and BambooHR®
Other Software Used
Microsoft 365, Adobe Acrobat Sign, Asana
Best in budgeting forecasting reporting and in Finance planning.
Use Cases and Deployment Scope
We are using Workday Adaptive Planning for Budgeting, Reporting, Forecasting, and Financial planning. It has helped us solve and manage financial-related matters very well in an organized manner. Mainly, we have implemented this to address budgeting issues and future planning within our organization, enabling us to focus on various financial aspects.
Pros
- Employees or users can update plans simultaneously.
- We can easily integrate with salesforce and other applications.
- Workflows are useful to build the automations.
Cons
- If there is heavy data it will take much time to load.
- Reporting feature have to improve.
- Technical support is always needed for any issues related to application performance or breakdown.
Return on Investment
- Budget planned very easily.
- Reporting also became simple.
- Forecasting become simple with this application.
Usability
Alternatives Considered
ADP Next Gen HCM
Other Software Used
Qlik Analytics Platform, Salesforce CRM Analytics, Salesforce Service Cloud
Workday Adaptive Planning Review
Use Cases and Deployment Scope
We use Workday Adaptive Planning mostly for our monthly and annual P/L planning. Recently, we started using model sheets for Capex cash spend tracking. Workday has helped with version control which is crucial with over 50+ users.
Pros
- Version Control
- Import of transactions and importing data is straight forward and fast. Split accounts also allow user to improve accuracy.
- Admin has control over design and layout of sheets instead of IT.
Cons
- Text field from spilt accounts does not migrate into office connect. For example: Capex account: Capacity, free text field: 4 fork lifts, Timespan: April, Total: $160k. Officeconnect can only show Account, Timespan and Total. IE Capacity, April, $160k.
- Scenario can only merge to base version. Cannot merge into different version.
Return on Investment
- Definitely a time saver
- Improves accuracy due to version control
Usability
Other Software Used
Microsoft Excel
Workday Adaptive Planning Review
Use Cases and Deployment Scope
Workday Adaptive Planning is a very great way to moderate, aim and assess skill levels for each employee throughout the calendar year, my company specifically uses Workday Adaptive Planning to assay yearly and monthly goals and ways to improve not only workplace flow but personal skill set and improvement. Workday Adaptive Planning focuses on changes in work stations and in company policy and the assessment that employees are working on it.
Pros
- great format for skill set aiming and improving
- user friendly for each employee in the workplace
- Great for management to manage perform routine checks for teams and goals
Cons
- More user friendly experience sometimes less tabs
- less complicated homepage format
Return on Investment
- Helpful forecasting for management and employees
- budgeting and financing improvements
- Overall helps analyze gaps in your workflow system
Usability
Alternatives Considered
Workday Payroll and Workforce Management
Other Software Used
MasterControl Quality Excellence, Microsoft Teams, Spotlight
Workday Adaptive Planning is the future of budgeting!
Use Cases and Deployment Scope
We use Workday Adaptive Planning for our yearly budget process and some reporting. Workday Adaptive Planning allows our users to make budget changes and see the net result of the changes immediately. This helps to get us to our target budget more quickly. We plan to utilize the active dashboards within Adaptive for even more real-time data and how it affects the overall organization.
Pros
- It's ability to update and process changes to accounts or formulas immediately across multiple sheets
- The ability to link accounts to a summary page makes data easier to pull to different sheets
- The flexibility with different sheets and the security to allow or not allow visibility
Cons
- Having an Average function in the formula types, currently I have to use a range and divide by that number
- Ability to delete data in Standard account boxes from one version to another, rather than having to manually delete
- Working with teams that implement Adaptive to ensure they are setting up the model for ease of using the Publish Plan functionality
Return on Investment
- Cut our budget season from over 2 months down to less than a month
- Use of one system has saved time for our leaders
- Ability to use forecasts and scenarios has made decision-making much cleaner and faster
Usability
Alternatives Considered
Kaufman Hall Healthcare & Higher Education Consulting Services
Other Software Used
Workday Financial Management, Workday Human Capital Management, Workday Payroll and Workforce Management
