Adaptive Insights vs Planful comparison

Workday and Planful are both solutions in the Business Performance Management category. Workday is ranked #8 with an average rating of 8.2, while Planful is ranked #16. Workday holds a 3.8% mindshare in BPM, compared to Planful’s 2.5% mindshare. Additionally, 100% of Workday users are willing to recommend the solution, compared to 100% of Planful users who would recommend it.

Adaptive Insights

Read 18 Adaptive Insights reviews

648 Views
451 Comparison Views

100% willing to recommend

Planful

Read 2 Planful reviews

772 Views
430 Comparison Views

100% willing to recommend

Adaptive Insights

Planful

Comparison Buyer's Guide

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Executive SummaryUpdated on Dec 19, 2024

Adaptive Insights and Planful compete in financial planning and analysis solutions. Planful seems to have the upper hand with superior financial modeling capabilities.

Features: Adaptive Insights offers a strong suite of modeling and planning tools with efficient budgeting and forecasting. It integrates well with cloud-based tools for seamless data synchronization. Planful provides detailed insights with its financial analytics and scenario planning, supporting strategic decision-making.

Ease of Deployment and Customer Service: Adaptive Insights features an intuitive deployment process, praised for straightforward implementation and extensive online resources. Planful may require more involved setup but offers robust customer service with personalized support.

Pricing and ROI: Adaptive Insights usually has a lower initial setup cost, suiting mid-sized enterprises with cost-effective needs. It provides significant ROI with efficient performance. Planful, though potentially higher in upfront investment, offers substantial long-term ROI, particularly benefiting organizations focusing on advanced financial modeling.

To learn more, read our detailed Adaptive Insights vs. Planful Report (Updated: December 2024).

Buyer's Guide

Adaptive Insights vs. Planful

December 2024

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Categories and Ranking

Adaptive Insights

Ranking in Business Performance Management

8th

Average Rating

8.4

Reviews Sentiment

7.0

Number of Reviews

Ranking in other categories

Financial Performance and Strategy Management (3rd), Reporting (11th), Data Visualization (12th), ESG Reporting Software (5th)

Planful

Ranking in Business Performance Management

16th

Average Rating

8.0

Reviews Sentiment

6.9

Number of Reviews

Ranking in other categories

Financial Close Software (19th)

Mindshare comparison

As of December 2024, in the Business Performance Management category, the mindshare of Adaptive Insights is 3.8%, up from 2.8% compared to the previous year. The mindshare of Planful is 2.5%, down from 3.1% compared to the previous year. It is calculated based on PeerSpot user engagement data.

Business Performance Management

Featured Reviews

Andrew Rosenberg

Adaptive Planning Manager at Alight

Adaptive scales well, simple to create new budget versions and models

For the organization I used to work at, it streamlined the process of creating budgets. It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday. So that made it easy. Reporting was pretty easy to set up as well. It streamlined the amount of time it took to do the budget as well as kind of making it simple to implement a rolling forecast process. So, it really was more just a productivity increase and time shortening for the budgeting and forecasting process.

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reviewer1110591

Financial Planning & Analysis - Finance Manager at a engineering company with 501-1,000 employees

It has helped us speed up the turnaround time on our consolidation, and we haven't had anything come up that the program has not been able to solve

The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools. The application that we use today for our BI tools is Tableau. That's how people absorb information. We don't really use the functionality or dashboards within Planful because of the robustness of Tableau. That's our single source of data. If Planful was better or more comparable in terms of features and functionality, we could probably leverage that in Planful.

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Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:

Pros

"It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday."

"The integration with our payroll system to complete staff modeling during our budget and forecast processes."

"Forecasting changes that instantly flow through all financial statements."

"Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed."

"The important feature is integration with source data. It connects to various ERP systems, including Workday, Intact, and others. It can also import actuals and compare them to PlanPoint quite easily."

"The most valuable feature of the solution is its dashboard."

"Automated reporting."

"We utilize planning on a daily basis, therefore we find it to be the most valuable product for our organization."

More Adaptive Insights pros

"It has helped us speed up the turnaround time on our consolidation. We don't have to do reporting in Excel anymore, which has cut down on the errors and the efficiency of our close time."

Cons

"Adaptive Insights has a limit of 1,00,000 rows for HTML reports. It should be improved because we will have multiple dimensions that need to be populated to enhance the image."

"It's a Workday product; they could do a little bit better to integrate a pure-play integration with Workday, which really doesn't do that."

"Being able to drill down when using OfficeConnect needs work."

"Users continue to become more advanced and are looking for more advanced solutions."

"Better user interface (UI)."

"Adaptive Insights could improve the data designer interface to make integrations easier to set up."

"Their customer support team is slow to respond and not extremely confident."

"The product's configuration process could be faster."

More Adaptive Insights cons

"The part that we liked about Excel is that it had a better interface in terms of just graphical illustration of our results. So, if we wanted to look at our financial trends and put it into some type of graphical interface for people to look at, we still have to leverage Excel for that. The dashboards aren't as usable as maybe some of the other solutions, such as Tableau or other BI tools."

Pricing and Cost Advice

"It's affordable."

"Everything is negotiable, but this solution is low cost compared to others."

"Licensing seems to be worth the cost considering the efficiency Adaptive brings."

"Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."

"Ensure that you have the proper pricing plan in place."

"Adaptive Insights' pricing is relative to its peer competitors. It's certainly competitive compared to a spreadsheet template that you build in Excel. It can be expensive if you need to have 100-500 budget holders giving input and building financial plans. However, in that case, it becomes an extremely good bargain. Compared to its competitors, it offers an excellent value."

"Pricing is in line with other cloud-based EPM tools. It is a subscription-based model based upon the number of users and site type if it's an admin or end-user type thing."

"Adaptive Insights' pricing is reasonable."

"Right now, everything is on a three-year term contract, and that is our main cost."

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824,053 professionals have used our research since 2012.

Top Industries

By visitors reading reviews

Computer Software Company

16%

Financial Services Firm

10%

Real Estate/Law Firm

Legal Firm

Computer Software Company

15%

Healthcare Company

10%

Manufacturing Company

10%

Financial Services Firm

Company Size

By reviewers

Large Enterprise

Midsize Enterprise

Small Business

No data available

Questions from the Community

What do you like most about Adaptive Insights?

It's very simple to create a new version and do some more modeling based on your need for planning things like headcount, other expenses, and revenue, everything is configurable within Workday.

See all answers

What is your experience regarding pricing and costs for Adaptive Insights?

12 years ago, it was very affordable. Workday has definitely increased its price since it acquired Adaptive a few years ago. So, it's affordable. But there are other more affordable solutions that ...

See all answers

What needs improvement with Adaptive Insights?

The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up. So, there could be room for just improving the integrations, making it easier to integrate outside sys...

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Comparisons

IBM Planning Analytics vs Adaptive Insights

Compared 14% of the time

Tableau vs Adaptive Insights

Compared 14% of the time

Microsoft Power BI vs Adaptive Insights

Compared 13% of the time

QPR Metrics vs Adaptive Insights

Compared 11% of the time

Oracle Hyperion vs Adaptive Insights

Compared 10% of the time

More Adaptive Insights Competitors

Anaplan vs Planful

Compared 38% of the time

Jedox vs Planful

Compared 21% of the time

Board vs Planful

Compared 18% of the time

More Planful Competitors

Product Reports

Buyer's Guide

Adaptive Insights

December 2024

Download Adaptive Insights product report

Buyer's Guide

Business Performance Management

November 2024

Download Planful product report

Also Known As

Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning

Host Analytics

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Workday

Planful

Overview

Adaptive Insights is a cloud-based financial planning and analysis software that helps businesses streamline their budgeting, forecasting, and reporting processes.

With its intuitive interface and powerful analytics, it enables organizations to make data-driven decisions and drive business performance.

You need a financial planning solution that meets the structured demands of standardized financial planning and reporting requirements and regulations. Structured Planning with Planful automates labor-intensive planning activities in a complete cloud-based platform – giving your finance team control, consistency, and confidence in corporate financial plans.

Sample Customers

1. Cisco Systems 2. Coca-Cola Bottling Co. Consolidated 3. Deloitte 4. DocuSign 5. Dropbox 6. Electronic Arts 7. Fender Musical Instruments Corporation 8. Fitbit 9. Fossil Group 10. Groupon 11. Hilton Worldwide 12. HP Inc. 13. Intuit 14. Johnson & Johnson 15. LinkedIn 16. Lyft 17. McAfee 18. Medtronic 19. Netflix 20. Oracle 21. Pandora 22. PayPal 23. Pinterest 24. Red Hat 25. Salesforce 26. ServiceNow 27. Slack Technologies 28. Spotify 29. Symantec 30. Tableau Software 31. Twitter 32. Workday

Tandem Diabetes Care, Reed Exhibitions, SkyGolf, Zep Inc., Thule, Stylesight, Schumacher Group, Parsons Electric, Nextag, Groupon

Buyer's Guide

Adaptive Insights vs. Planful

December 2024

Free Report: Adaptive Insights vs. Planful

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