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Forecast vs. Workday Adaptive Planning

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Forecast

    Score10 out of 10
    N/AForecast.it is a project portfolio management solution built around features such as resource planning and time tracking, budget estimating, and analytics and reporting, with key third-party integrations.

    $29

    per seat (billed annually)

    Workday Adaptive Planning

    Score7.7 out of 10
    Mid-Size Companies (51-1,000 employees)
    Workday Adaptive Planning streamlines planning workflows, using AI and real-time data integration to improve collaboration and provide predictive forecasts for better strategic analysis.N/A
    Pricing
    ForecastWorkday Adaptive Planning
    Editions & Modules
    Lite (Annual subscription)
    $29
    per seat (billed annually)
    Pro (Annual subscription)
    $49
    per seat (billed anually)
    Enterprise
    Call us
    No answers on this topic
    Offerings
    Pricing Offerings
    ForecastWorkday Adaptive Planning
    Free Trial
    YesYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoYes
    Entry-level Setup FeeOptionalOptional
    Additional Details——
    More Pricing Information
    Community Pulse
    ForecastWorkday Adaptive Planning
    Considered Both Products
    Forecast
    No answer on this topic
    Workday
    Chose Workday Adaptive Planning
    Adaptive was already being implemented when I joined the company, but we have heard that Anaplan has better capabilities but the cost is significantly higher.
    Incentivized
    Chose Workday Adaptive Planning
    I was not involved in the selection process, but have interfaced with TM1 to our parent company. My personal experience has found Adaptive to have greater responsiveness.
    Incentivized
    Chose Workday Adaptive Planning
    Adaptive's cloud-based solution suited our business model better. Its simplicity of use and ease of implementation whilst providing a robust platform made it the best choice.
    Incentivized
    Chose Workday Adaptive Planning
    I used extensively the Hyperion Planning tool use the Essbase technology. Adaptive has several easier to use functionalities and does well compared to that tool. Adaptive, is a cloud-based solution which enables easy access not requiring a vpn connection. Also, being …
    Incentivized
    Chose Workday Adaptive Planning
    I have used Hyperion, Prophix, and an internally-developed Access based solution for budgeting, along with Excel. I honestly never want to be in a non-Adaptive environment again. It has most of the flexibility and ease of Excel, without the version control and linking issues …
    Incentivized
    Chose Workday Adaptive Planning
    As noted in the last question, I love not needing developers and programmers involved in simple changes. Oracle is great for larger businesses where more control and global development is required.
    Incentivized
    Chose Workday Adaptive Planning
    We took a look at some (then) similar packages to Adaptive Insights in our selection process. Forecast Pro was the leading competitor at the time of our decision. Forecast Pro was less expensive in the long run but was much more difficult in set-up, implementation and …
    Chose Workday Adaptive Planning
    Lower cost (1/3 to 1/2) than the enterprise class applications. Faster development and lower cost of ownership. Better UI and flexibility of design. More efficient storage/database model.
    Chose Workday Adaptive Planning
    Adaptive has more flexibility than other programs to not only create complex formulas but to link information so that updates flow through multiple sheets if needed. Adaptive is really designed for large companies but is user friendly and customizable for a smaller company to …
    Chose Workday Adaptive Planning
    I used Hyperion HFM for about 2 years, and I found it to be cumbersome and rigid. I also found HFM to be too High level for doing in-depth analysis
    Chose Workday Adaptive Planning
    With Hyperion, there was always additional time associated with IT involvement, whether it was to add to the organizational structure, currency rate calculations etc. In Adaptive Insights there is no need for IT intervention - AI is truly real-time information when you need it. …
    Chose Workday Adaptive Planning
    We used Excel, and macro laced Excel workbooks for planning in the past, and for any ad-hoc customized reporting. Excel was clunky, difficult to maintain, and links were breaking left and right. Allocated departments were often changing their budgets, which had downstream …
    Chose Workday Adaptive Planning
    Part of a NetSuite implementation for my most recent client; in other systems selections I've been a part of, it was chosen for cost, feature set, and support.
    Chose Workday Adaptive Planning
    Host Analytics which we also reviewed in-depth (saw demos, had department heads and users to sit in on demos, talked to vendor supplied references with both companies, asked same list of standard questions) Adaptive planning was:
    Key User Insights
    Would buy again
    No answers on this topic
    No answers on this topic
    Delivers good value for the price
    No answers on this topic
    No answers on this topic
    Happy with the feature set
    No answers on this topic
    No answers on this topic
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    Features
    ForecastWorkday Adaptive Planning
    BI Standard Reporting
    Comparison of BI Standard Reporting features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    9.3
    1 Ratings
    Pixel Perfect reports00 Ratings9.01 Ratings
    Customizable dashboards00 Ratings10.01 Ratings
    Report Formatting Templates00 Ratings9.01 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    8.0
    1 Ratings
    Drill-down analysis00 Ratings9.01 Ratings
    Formatting capabilities00 Ratings7.01 Ratings
    Integration with R or other statistical packages00 Ratings8.01 Ratings
    Report sharing and collaboration00 Ratings8.01 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    8.0
    1 Ratings
    Publish to PDF00 Ratings8.01 Ratings
    Report Versioning00 Ratings8.01 Ratings
    Report Delivery Scheduling00 Ratings8.01 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    7.7
    1 Ratings
    Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings7.01 Ratings
    Location Analytics / Geographic Visualization00 Ratings8.01 Ratings
    Predictive Analytics00 Ratings8.01 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    9.0
    1 Ratings
    Multi-User Support (named login)00 Ratings9.01 Ratings
    Role-Based Security Model00 Ratings9.01 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)00 Ratings9.01 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    8.5
    1 Ratings
    Responsive Design for Web Access00 Ratings8.01 Ratings
    Mobile Application00 Ratings8.01 Ratings
    Dashboard / Report / Visualization Interactivity on Mobile00 Ratings10.01 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    9.6
    187 Ratings
    Long-term financial planning00 Ratings9.5173 Ratings
    Financial budgeting00 Ratings9.7184 Ratings
    Forecasting00 Ratings9.6179 Ratings
    Scenario modeling00 Ratings9.6170 Ratings
    Management reporting00 Ratings9.5184 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    6.8
    152 Ratings
    Financial data consolidation00 Ratings5.7115 Ratings
    Journal entries and reports00 Ratings5.475 Ratings
    Multi-currency management00 Ratings7.987 Ratings
    Intercompany Eliminations00 Ratings5.368 Ratings
    Minority Ownership00 Ratings5.240 Ratings
    Local and consolidated reporting00 Ratings9.8102 Ratings
    Detailed Audit Trails00 Ratings8.7127 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    9.0
    175 Ratings
    Financial Statement Reporting00 Ratings9.7154 Ratings
    Management Reporting00 Ratings9.6170 Ratings
    Excel-based Reporting00 Ratings9.4169 Ratings
    Automated board and financial reporting00 Ratings9.6146 Ratings
    XBRL support for regulatory filing00 Ratings6.928 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    8.9
    144 Ratings
    Personalized dashboards00 Ratings8.5126 Ratings
    Color-coded scorecards00 Ratings9.3105 Ratings
    KPIs00 Ratings9.5117 Ratings
    Cost and profitability analysis00 Ratings8.8119 Ratings
    Key Performance Indicator setting00 Ratings8.9101 Ratings
    Benchmarking with external data00 Ratings8.170 Ratings
    Integration
    Comparison of Integration features of Forecast and Workday Adaptive Planning
    Feature
    Forecast
    -
    Ratings
    Workday Adaptive Planning
    8.8
    165 Ratings
    Flat file integration00 Ratings9.0129 Ratings
    Excel data integration00 Ratings8.8158 Ratings
    Direct links to 3rd-party data sources00 Ratings8.7120 Ratings
    User Ratings
    ForecastWorkday Adaptive Planning
    Likelihood to Recommend
    1.0
    (3 ratings)
    9.0
    (216 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    7.6
    (43 ratings)
    Usability
    -
    (0 ratings)
    8.9
    (122 ratings)
    Availability
    -
    (0 ratings)
    7.3
    (11 ratings)
    Performance
    -
    (0 ratings)
    9.1
    (5 ratings)
    Support Rating
    10.0
    (1 ratings)
    8.2
    (33 ratings)
    In-Person Training
    -
    (0 ratings)
    8.2
    (2 ratings)
    Online Training
    -
    (0 ratings)
    7.3
    (9 ratings)
    Implementation Rating
    -
    (0 ratings)
    8.6
    (27 ratings)
    Configurability
    -
    (0 ratings)
    8.2
    (5 ratings)
    Contract Terms and Pricing Model
    -
    (0 ratings)
    7.3
    (1 ratings)
    Data Sharing and Collaboration
    -
    (0 ratings)
    7.5
    (17 ratings)
    Data Sources
    -
    (0 ratings)
    7.6
    (17 ratings)
    Ease of integration
    -
    (0 ratings)
    7.3
    (8 ratings)
    Product Scalability
    -
    (0 ratings)
    8.2
    (12 ratings)
    Professional Services
    -
    (0 ratings)
    8.2
    (1 ratings)
    Vendor post-sale
    -
    (0 ratings)
    8.2
    (4 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    6.4
    (4 ratings)