Workday Adaptive Planning

Score7.8 out of 10

362 Reviews and Ratings

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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

Screenshot of the AI Predictive Forecaster

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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

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

Adam Fenton View profile

Director of Multimedia Technology in Information Technology at Woodruff Arts Center/Atlanta Symphony Orchestra (1001-5000 employees employees)

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

Punnareddy Pallerla View profile

Sr Software Engineer in Information Technology at sabre (5001-10,000 employees employees)

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

Verified User

Director in Finance and Accounting (5001-10,000 employees employees)

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

Jared Hunike

Lab Tech 2 in Manufacturing at Integrated DNA technologies (51-200 employees employees)

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

Danielle Arnold

Senior Workday Analyst in Finance and Accounting at Altru Health System (1001-5000 employees employees)

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

Workday Adaptive Planning

What is Workday Adaptive Planning?

Categories & Use Cases

Media

Key Features

Top Performing Features

Customizable dashboards

Dashboard / Report / Visualization Interactivity on Mobile

Financial budgeting

Areas for Improvement

Journal entries and reports

Intercompany Eliminations

Minority Ownership

Reviews

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

Pros

Cons

Return on Investment

Usability

Alternatives Considered

Other Software Used

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