Adaptive Insights Software


 

Adaptive Insights, founded in 2003, provides a system for budgeting, forecasting and reporting. It’s suitable for a wide variety of company sizes. Delivered over the Web in a software-as-a-service (SaaS) model, it eliminates the need to purchase new hardware or software. The interface is designed similar to Excel, capitalizing on familiarity to speed up the training process.

Adaptive Insights is said to require only about three weeks of support, on average, for successful deployment of the software. Automatic upgrades allow new features to take effect immediately for users, eliminating some of the slowdown associated with traditional upgrade processes.

Adaptive Insights can serve the needs of many business sizes, including small companies, nonprofit organizations and companies with billions of dollars in revenue. Functionality includes budgeting and forecasting, reporting, dashboards, financial modeling and administration.

The system serves the specific needs of business services, health care, manufacturing, nonprofit organizations and even software companies. Software companies make up the most populous user base of industries served, with over 150 software businesses as customers.

The Adaptive Insights system has an extensive partner network of value-added-resellers (VARs) in many different countries. Implementation, training and support services are also provided.

 

Adaptive Insights - Overview
 
  • Adaptive Insights - Overview
    Overview
  • Adaptive Insights - Sheets
    Sheets
  • Adaptive Insights - Reports
    Reports
  • Adaptive Insights - Personnel
    Personnel
  • Adaptive Insights - Product sales
    Product sales
  • Adaptive Insights - Discovery
    Discovery
Supported Operating System(s):
Windows 7, Windows Vista, Windows XP, Mac OS, Linux, HP-UX, AIX, Solaris, Unix, IBM OS/400, Web browser (OS agnostic), Windows 2000

25 Reviews of Adaptive Insights

Showing 1-20 of 25

 

from NCR
Specialty: Other
Number of employees: 10,000+ employees Employees number: 10,000+ employees

AI Review

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This tool enables the user easily develop (with minimal time) a nicely tailored template for what-if and Actual situational planning, forecasting and reporting of a variety of metrics. Project / performance management is assisted greatly through liberal use of intuitive dashboards and analytical tools.

Pros

> Strong, secure environment - clearly developed with an appreciation of how to treat company sensitive data.
> Appropriate security levels are easily established and maintained.
> Cloud-based connectivity is the only way to go - AI does a nice job of leveraging this platform.

Cons

> Some effort is required for setup as programming keys are built on a one-by-one basis and thus training is essential for the new user.
> From an international perspective, the consolidation of multiple currency / FX data needs additional development.
> MS Office connectivity is too limited and the user is tempted to use other sw apps where integration is superior to AI architecture.

Advice to Others

Don't try to 'boil the ocean' initially. Suggest a slow build up as the user learns how the software strengths and limitations with a complex project.

 
 

from GlobalLogic
Specialty: Engineering
Number of employees: 5,001-10,000 employees Employees number: 5,001-10,000 employees

Adaptive Insights

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There is nothing else out there that is even close to Adaptive Insights. Perfect solution for planning, consolidations, reporting and analysis. Nobody else is even close to it. Appropriate for multiple users, in multiple locations and security is of major concern as the security provided by them is amazing.

Pros

User Friendly.
Amazing user interface.
Simple and very poewrful.
Amazing customer support.
Data Integration.

Cons

Cost is high.

 
 

from McKinsey and Co
Specialty: Consulting
Number of employees: 10,000+ employees Employees number: 10,000+ employees

Great Tool in the Consulting Industry

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AI provides cost-effective consolidation of accounts across departments and even companies. It ensures that latest data is available across networks, which remains secure and is easy to manage and generate reports. The main advantage is that it develops continuously on a large user base and the backend support is always on their toes to improve the functionality of the system to better suit the business it is set up for. The time required to set it up initially is totally worth it as it offers unparalleled performance later. Another advantage is that it is really easy to track changes and thus makes it a viable tool for audit purposes. It has the capability to connect to multiple data sources and generate front end user reports.
Making changes in the system, later on, can be a little expensive so a proper analysis of the requirements initially is very important. Apart from that it is a must have software in your toolbox.

Pros

Great support

Cons

Changes in system are expensive

Advice to Others

Highly recommended for all types of industries.

 
 

from Tata Consultancy Services
Specialty: Consulting
Number of employees: 10,000+ employees Employees number: 10,000+ employees

Review of Adaptive Insights

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Adaptive Insight is an amazing software which comes with a lot of features integrated to it. They do have an amazing customer support team which is always there to solve your problem. Though the price of the software is little high apart from that it is perfect, can't think of any other con.

 
 

from GS E&C
Specialty: Engineering
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

One of the best reporting tools available in the market

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Adaptive Insights is an excellent tool for maintaining data as it allows for entries in the system through just an internet connection without the need of a VPN. The administrator can set up different levels of security in order to protect the information, thus maintaining the confidentiality of data. It is definitely better than most of the other management software's available owing to its dynamic response to data and reporting capabilities.

Pros

1. Access to the sensitive information like employee salaries and the management criteria's are limited to authorized people.
2. Only needs an internet connection to access information on the system.
3. Minimal involvement of IT Department in setting up the system after the environment, so the system maintains the security of sensitive information.

Cons

1. There should be an improvement in the consolidation of data involving multiple currencies.
2. It takes some time to set up the environment as programming formulae have to be one by one and so it requires training at the initial level.
3. The connectivity of MS Office is still limited and there are some other software's which offer better integration.

Advice to Others

I believe the limitations of the software should not prevent the use of the software in any business setup. It still is one of the best tools which handles information very efficiently and can also be accessed remotely. Thumbs up from me.

 
 

from Siemens
Specialty: Engineering
Number of employees: 10,000+ employees Employees number: 10,000+ employees

Adaptive Insights: Forecasting tool true to its name

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Adaptive is a much better tool than Excel in handling data as time is not wasted in linking different spreadsheets and validating versions. It is easier to implement throughout the organization so that managers and employees can log in to check the status. It makes the process of monthly forecasting easy and this we can focus on analyzing the results rather than spending time in gathering data in Excel.

Pros

1. Adaptive can link to Office Connect and users can remotely connect to the system without the need of a VPN.
2. What-if scenarios help the managers to design systems which give it a strong forecasting ability.
3. It offers a dynamic interface and offers a cloud access by means of which people can enter data from anywhere and trends are visible dynamically.

Cons

1. It requires quite a bit of practice to be proficient in the use of Adaptive. So, it takes some time to be an efficient user of the software.
2. The graphics are not that great, so you might an additional software to get presentable results.
3. Monthly forecasting is the lowest level of forecasting that we can see which limits its use to an extent if businesses want to see more detailed forecasting.

Advice to Others

I would recommend Adaptive to organizations which require a decent level of monthly forecasting and does not require high-level graphics in the results. It is an efficient tool for budgeting and is a much better tool than excel.

 
 

from Tata Consultancy Services
Specialty: Consulting
Number of employees: 10,000+ employees Employees number: 10,000+ employees

Review of Adaptive Insights

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Adaptive provided the FP&A a great tool for planning and reporting purposes. Reporting is a breeze with Template and set up sheet. Collaboration is super easy when there are multiple people can work on the same version at the time. We really enjoy the flexibility and independence that this cloud based system provides. Not to mention the fact that you never have to worry or implement a new version, it's always maintained in the cloud.

 
 

from Capgemini
Specialty: Consulting
Number of employees: 10,000+ employees Employees number: 10,000+ employees

Perfect Software.

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The implementation is very quick and easy. We were up and running in a matter of weeks. The system is easy to use and change. Great connectivity with our accounting system. This is a great tool for handling the budgets for multiple companies. We really enjoy the flexibility and independence that this cloud based system provides.

 
 

from Lime Tree
Specialty: Engineering
Number of employees: 51-200 employees Employees number: 51-200 employees

Review of Adaptive Insights

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Best part about this that you don't need to maintain finances anymore (it is automatic). I love that it can be completely customized for the unique details of our company.

Pros

Cloud based.
Easy to change functionality.
Easy to use and update and many more.

Cons

Product is very costly as compared to others.

 
 

from New York University School of Engineering
Specialty: Education
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

Review of Adaptive Insights

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Adaptive Insights is very scalable and very easy to use. Customization is very easy and easy to build reports. You can design whatever you imagine and without IT help. The what-if scenarios capability is one of its major strengths.

Pros

Very easy to use and update.
The flexibility is amazing

Cons

The multi-currency functionality needs some improvement.

 
 

from Hudson
Specialty: Consulting
Number of employees: 2-10 employees Employees number: 2-10 employees

Very good tool

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N/A

Significant upgrade from spreadsheets. Improved budgeting process and provided useful reports.

Pros

Fairly intuitive

Cons

Generating reports required some training.

Advice to Others

For larger organizations it is worth the cost.

 
 

from PHEMI Systems Corporation
Specialty: Software / Technology
Number of employees: 51-200 employees Employees number: 51-200 employees

Time Saver

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Although it takes some dedicated time and experience to set this product up I would say it is the top time saving piece of software I have ever used. I was able to setup our company plan with limited assistance from Adaptive. The assistance I did receive was top notch and always available with short advance notice. I opted to use a Adaptive consultant and deal with her on the phone.
The product has been nothing but a time saver. It pays for itself many times over on a monthly basis. Being a startup I am constantly running new spins and versions of the budget and there is no way I could run as many scenarios using just excel. Days worth of work are reduced to hours. Like I said, it pays for itself many times over. I currently run a static budget and forecast on a monthly basis. I also run a one year rolling forecast that I will easily roll into my 2017 budget at year end. I would not hesitate to recommend this product to any of my fellow finance professionals.

Pros

Easy to run scenarios. Copy the forecast and make changes as necessary. Reporting is a breeze and no problems to do all kinds of variance analysis.

Cons

It's complicated to get up and running. You need a dedicated resource to take the time to learn the product. I would say my biggest issue is the weak help manuals.

Advice to Others

Buy it without thinking. You will never regret your decision. Dedicate a resource to the product to learn it. I'm obviously a fan and so would you be if you didn't have to work long nights and weekends spinning excel spreadsheets and chasing broken links.

 
 

from Decker Truck Line, Inc.
Specialty: Transportation

Very good product.

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Likes Best

Very knowledgable and showed us numerious demos. The sales staff did an excellent job.

Likes Least

Little more expensive then we thought. There are other products out there that are cheaper, but we felt this was the best product for what we are trying to get done.

Recommendations

This should help your budgeting process. There is a night and day difference in this product than just using Excel.

 
 

from GK Horizons
Specialty: Software / Technology

Easy-to-use, finance owned, superior to Excel. This must be reviewed.

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Likes Best

It is easy-to-use so we don't need any expensive technical people to maintain it. Our management and finance team own the entire solution. It is also very scalable from small organisations to large multinational multi-billion dollar revenue organisations. Scalable in the context of - price, performance, functionality and integration.

Likes Least

A few months ago I would have said the reliance on Java, but that has now been removed. It's happy days for us Adaptive customers.

Recommendations

Look at the heritage of the company to determine the guiding principles and future direction of the company. Also ask to see the solution administration functions. Some companies will offer a free POC or Trial using customer data. They go away set it up, play it back to you. This is done deliberately to hide the complexity and difficulty in setting it up. Customers are then left with a solution that is set up but they are reliant on technical people to maintain it going forward.

 
 

from Kindred Healthcare
Specialty: Healthcare / Social Services

My AI Experience

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N/A

Likes Best

The product is easy to use and easy to adapt to new demands. As we continue to learn more about how we can use this product, the work I do compiling data has been decreasing and the time I can spend actually analyzing the data increases!

Likes Least

I would like the reporting of this product to be more robust. It can take a long time to build a report the way you would like it to look and the options for formatting it quickly are limited.

Recommendations

Before you can give a fair recommendation of this product you need to work with someone who can explain its full potential. My company was using it at first for just budgeting, but now I am using it for some monthly analysis and reporting and it works great.

 
 

from Mayo Clinic
Specialty: Healthcare / Social Services

Review of Adpative Insights Planning Module

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Likes Best

The vendor is small enough to give personalized attention but big enough to handle all sizes of companies. The product is easy to use, scalable, customizable and easy to navigate within.

Likes Least

I would like the product to be more compatible across different instances. Also, on specific sheets, it would be nice to be able to tab across the fields instead of using the arrow keys. In fields where a drop down menu is used, it would be nice to be able to type a letter and then the drop down menu would appear with the choices that begin with that letter.

Recommendations

Be very explicit in what you want the SOW to show. Ask questions. If you don't see the functionality that you want, ask! More than likely you will get what you need.

 
 

from Gentiva Health Services
Specialty: Healthcare / Social Services

Budget Model

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Likes Best

Simplicity, ease of use. It is easy to navigate. The feel is more like Excel. The reports are also easy to build.

Likes Least

Speed seems slow at times. I also would like to have a dedicated representative from AI to our account.

Recommendations

Make the model as simple as possible. The application doesn't seem to handle a large quantity of data very well.

 
 

from Engine Yard
Specialty: Software / Technology

Adaptive Insights - Planning and Discovery

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Likes Best

AI allows for you to build a highly customized model for real-time scenario planning, forecasting and analysis of not only financial metrics, but on the overall operation as well. Through intuitive dashboards with visual analytics that provide drill down capabilities, users can easily participate in complete performance management. The software has allowed finance to become a strategic partner with the rest of the operation.

Likes Least

I have not found anything negative about this solution.

Recommendations

Be organized with your implementation. While your model can (and will) change over time, being organized upfront will allow for an easy transition.

 
 

from Gentiva Health Services, subsidiary of Kindred
Specialty: Healthcare / Social Services

Full implementation of Adaptive Planning with great results

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Likes Best

Adaptive Insights is a great company to work with. They're responsive and treat their customers great. Their customer support is one of the best I've ever worked with. The product itself was very simple to use, but very powerful. We were able to create very complicated models but keep it simple enough for our end users to understand and interact with.

Likes Least

We've had several acquisitions and re-orgs over the last few years, and changing the structure is pretty labor intensive.

Recommendations

Spend a lot of time planning your implementation. The actual set up itself doesn't take long, but you want to make sure you have everything set up at the beginning so you don't have to waste time adding things later.

 
 

from NCR Corp
Specialty: Software / Technology

Adaptive Insights Great Product

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Likes Best

The customer support that I have received from Adaptive Insights is amazing. I have never had this level of support from another company. There is great follow up and resolution to any questions or concerns.

Likes Least

It works better with Chrome or Firefox Browsers. Performance is faster using these browsers.

Recommendations

My company is very large with several budget managers using several different currencies. We added project accounting to the Engineering personnel and direct expense without having to buy additional add-ons. The basic reporting tool is very customizable and easy to use.

 
 
 
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