Adaptive Insights vs Planful comparison

Adaptive Insights
Read 18 Adaptive Insights reviews
  • 721 Views
  • 497 Comparison Views
100% willing to recommend
Planful
Read 2 Planful reviews
  • 871 Views
  • 489 Comparison Views
100% willing to recommend
 

Comparison Buyer's Guide

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Executive Summary
We performed a comparison between Adaptive Insights and Planful based on real PeerSpot user reviews.

Find out in this report how the two Business Performance Management solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.

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To learn more, read our detailed Adaptive Insights vs. Planful Report (Updated: May 2024).
Buyer's Guide
Adaptive Insights vs. Planful
May 2024
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Helped 787,061 peers since 2012
 

Categories and Ranking

Adaptive Insights
Ranking in Business Performance Management
9th
Average Rating
8.4
Number of Reviews
18
Ranking in other categories
Financial Performance and Strategy Management (2nd), Reporting (11th), Data Visualization (12th), ESG Reporting Software (6th)
Planful
Ranking in Business Performance Management
16th
Average Rating
8.0
Number of Reviews
2
Ranking in other categories
Financial Close Software (16th)
 

Market share comparison

As of June 2024, in the Business Performance Management category, the market share of Adaptive Insights is 3.1% and it decreased by 14.3% compared to the previous year. The market share of Planful is 1.4% and it decreased by 55.5% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Business Performance Management
Unique Categories:
Financial Performance and Strategy Management
7.1%
Reporting
0.7%
Financial Close Software
0.7%
 

Featured Reviews

Gregory Maxwell - PeerSpot reviewer
Sep 28, 2023
Easy to deploy product with a knowledgeable technical support team
Adaptive Insights allows us to create templates across different areas of the business. It helps develop a more unified work format throughout the company. All the team members can follow similar templates with the right details The product's most valuable feature is the ability to collect data…
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KL
Feb 3, 2022
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 stable."
"We utilize planning on a daily basis, therefore we find it to be the most valuable product for our organization."
"The biggest feature is the source of truth for all of our budget and forecast versions."
"It helps develop a more unified work format throughout the company."
"Automated reporting."
"Changes to corporate structure, account codes are updated in all versions including prior years, hence "one-version of truth" as claimed."
"The integration with our payroll system to complete staff modeling during our budget and forecast processes."
"The most valuable feature of the solution is its dashboard."
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

"The product's configuration process could be faster."
"Users continue to become more advanced and are looking for more advanced solutions."
"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."
"The integrations could be simpler. It takes quite a bit of internal and IT know-how to set up."
"Being able to drill down when using OfficeConnect needs work."
"Their customer support team is slow to respond and not extremely confident."
"We tried Discovery and OfficeConnect at one point and found them too cumbersome, at the time."
"Adaptive Insights could improve the data designer interface to make integrations easier to set up."
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

"Prior to purchasing licenses, make sure you understand which users will only need planning and which users will need both planning and OfficeConnect."
"It's affordable."
"Adaptive Insights' pricing is reasonable."
"Everything is negotiable, but this solution is low cost compared to others."
"Licensing seems to be worth the cost considering the efficiency Adaptive brings."
"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."
"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."
"Right now, everything is on a three-year term contract, and that is our main cost."
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Top Industries

By visitors reading reviews
Computer Software Company
17%
Financial Services Firm
10%
Legal Firm
6%
Educational Organization
6%
Computer Software Company
15%
Manufacturing Company
11%
Healthcare Company
11%
Financial Services Firm
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
 

Questions from the Community

Which product is better for FP&A: OneStream XF or Adaptive Insights?
Here are some of the pros and cons of OneStream XF and Adaptive Insights for FP&A in the professional services industry: OneStream XF Pros: Unified platform for FP&A, budgeting, forecas...
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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 ...
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Comparisons

Microsoft Power BI vs Adaptive Insights Logo
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Compared 18% of the time
Tableau vs Adaptive Insights Logo
Tableau vs Adaptive Insights
Compared 18% of the time
Anaplan vs Adaptive Insights Logo
Anaplan vs Adaptive Insights
Compared 12% of the time
SAP Business Planning and Consolidation vs Adaptive Insights Logo
SAP Business Planning and Consolidation vs Adaptive Insights
Compared 9% of the time
OneStream XF vs Adaptive Insights Logo
OneStream XF vs Adaptive Insights
Compared 8% of the time
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Anaplan vs Planful Logo
Anaplan vs Planful
Compared 68% of the time
Vena vs Planful Logo
Vena vs Planful
Compared 10% of the time
Board vs Planful Logo
Board vs Planful
Compared 9% of the time
More Planful Competitors
 

Product Reports

Buyer's Guide
Adaptive Insights
June 2024
Adaptive Insights reportDownload Adaptive Insights product report
Buyer's Guide
Business Performance Management
June 2024
Planful reportDownload Planful product report
 

Also Known As

Workday Adaptive Planning, Adaptive Discovery , Workday Adaptive Planning
Host Analytics
 

Learn More

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
May 2024
Free Report: Adaptive Insights vs. Planful
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We monitor all Business Performance Management reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.