An enterprise performance management software for long-term financial budgeting and forecasting.
Workday Adaptive Planning offers business planning through corporate performance management (CPM), sales planning, and workforce planning. It is a tool that allows for collaboration and gaining insights to make informed decisions rapidly. The software is designed to be powerful enough for organizations of any size, yet accessible for all who are involved in planning.
Workday Adaptive Planning provides a comprehensive set of cloud-based software solutions. These are supported by a robust, in-memory technology platform that enables functional and company-wide business planning and integrated analytics at a large scale. The solutions are designed for those closest to the business to plan effectively.
The corporate performance management or CPM software features of Workday Adaptive Planning for Finance provide active planning. This solution is also known as enterprise performance management or EPM software.
The forefront of Workday Adaptive Planning Business Planning Cloud is its forecasting capabilities. The software enables the creation of models for various business aspects.
Financial modeling can align with fiscal year schedules, funding schedules, revenue recognition schedules, etc. Forecasts like programs, departments, or business units can be detailed at sub-levels.
Financial and operational modules can be shared beyond the finance team. The software facilitates a collaborative planning process, aiming to distribute reports and dashboards outside the finance department.
Interactive dashboards, data visualizations, and charts are central to business performance evaluation. Workday Adaptive Planning offers these tools for personalizing and analyzing financial performance.
Management teams can receive the desired ad-hoc reporting for financial and sales teams. The software’s module for Management and Ad-Hoc Financial Reporting allows the distribution of reports with detailed drill-down capabilities when needed.
Microsoft Office Suite and Office Connect integration enable the creation of reports, board books, and presentations using familiar Microsoft Office products like Excel, Word, PowerPoint, and more. The integration offers seamless transition and complete formatting control.
Workday Adaptive Planning provides integration capabilities with various ERP, HCM, CRM, and other data sources.
The software aims to automate data flow and reduce manual data extraction, maintaining data on a single platform with minimal IT involvement and no code-writing required.
NetSuite is used by companies as a primary ERP for accounting and overall business management. Workday Adaptive Planning prides itself on providing the reporting capabilities NetSuite may fall short of.
Conduct accounting transactions in NetSuite and let Workday Adaptive Planning use the historical data to manage future growth and improve company performance.
Sage Intacct and Workday Adaptive Planning combine to automate accounting and planning functions into one complete system.
Sage Intacct manages company accounts such as transactions and actual balances. Workday Adaptive Planning can utilize this data to create budgets for those accounts by importing and exporting needed data.
Workday Adaptive Planning offers features for intercompany eliminations and financial consolidations, providing faster report generation.
Workday Adaptive Planning for Sales offers quota, capacity, and territory planning for companies focused on increasing sales performance or improving sales department intelligence.
Strategic workforce planning is now a part of Workday Adaptive Planning Business Planning Cloud.
The cost of Workday Adaptive Planning will depend on several factors, such as:
User-based pricing is designed to enable company-wide planning and participation.
Workday Adaptive Planning has given a lot of time back to my life. The initial plan took over six months and went through the holiday season. Now I’m actually able to enjoy the holiday season with my family and am spending more time doing things that mean something to the company when at work, rather than just reporting and issuing outdated financial statements.
It’s important to have a tool like Adaptive Insights so we can pivot and be as agile as we need to be.
We’ve got vineyard managers who are looking at the vines and buds and change assumptions. We have that big picture idea for what our harvest will be like. We use it from a supply and demand standpoint to look at our sales and marketing and find out how much we are going to be able to sell.
Finding out what we’re going to sell in 2-3 years is just as important as figuring out what we’re going to plan today.
We can adjust the plans as needed and see where the dollars are being spent and how they are being spent. Adaptive Insights pulls all the pieces and shows us what road we’re going down.
Prior to Adaptive, we were using Excel. So imagine sending 400 Excel files out to each individual restaurant and consolidating them. I still have nightmares.
You find it’s incredibly different to stay on top of a single source of truth. I never realized how much time I spent gathering information. The speed is so quick with Adaptive.
I can put together a budget and the field has more ownership of the process of what they are doing. They can drill down and understand what is driving costs inside of their doors.
In 4 moves, I get my budgeted goals, my year to year numbers, I have it in dollars and my percentages in one location.