Adaptive is a prominent cloud-based platform for budgeting, forecasting, and reporting for businesses of all sizes. Its main selling points include facilitating collaboration, enhancing efficiency, and providing deep insights, making it a popular choice for many organizations.
Understanding these aspects and considering Adaptive alternatives is vital for assessing whether Adaptive Planning fits your organization.
When considering FP&A software, finding the right fit for your business's specific needs is imperative to ensure long-term success. Here's a rundown of the leading Workday Adaptive Planning alternatives, focusing on key differences and strengths.
Cube is an Adaptive alternative that integrates with Excel and Google Sheets, aiming to modernize mid-market companies' planning without abandoning the familiar spreadsheet environment. This unique positioning accelerates the learning curve and democratizes advanced FP&A functions, making them accessible to teams of all sizes.
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Why consider Cube?
Starting at $1,250 per month, Cube offers a more approachable and familiar user experience for Excel and Google Sheets users, making it a good choice for teams not looking to adopt a new system entirely.
Anaplan caters to large enterprises with its robust and scalable platform. It enables complex planning, forecasting, and supply chain management across various departments and operations, emphasizing collaboration and real-time decision-making.
Key features:
Why consider Anaplan?
Anaplan stands out for its comprehensive modeling capabilities and real-time data access, catering to larger organizations that need to handle very complex, large-scale planning needs.
Board integrates BI, supply chain management, and FP&A into one platform, offering a holistic approach to business intelligence, performance management, and financial planning. It is ideal for companies looking to consolidate their data analysis and planning processes.
Key features:
Why consider Board?
Board provides a broader suite of integrated BI and performance management tools than Adaptive Planning, appealing to companies seeking an all-in-one solution.
Vena leverages the power and familiarity of FP&A in Excel, making it an attractive option for organizations seeking to upgrade their financial processes without departing from Excel.
Key features:
Why consider Vena?
Vena's strong suit is its Excel-centric approach, providing a comfortable transition for users accustomed to Excel, unlike Adaptive Planning's separate environment.
Jedox simplifies enterprise performance management and FP&A for businesses aiming to streamline their financial operations with an easy-to-use solution that adapts to various industries and business sizes.
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Why consider Jedox?
Jedox is recognized for its versatility and ease of use, appealing to companies looking for a less complex Adaptive alternative.
Prophix provides a comprehensive solution that automates and enhances financial processes like budgeting, planning, and reporting. This Adaptive alternative is for companies seeking to improve accuracy and efficiency in their financial operations without heavy IT involvement.
Key features:
Why consider Prophix?
Prophix is known for its user-friendly approach and focus on automating financial processes, making it a more accessible option for companies without large IT departments than Adaptive Planning.
Planful specializes in speeding up and simplifying planning and financial consolidation processes, offering a cloud platform designed for high-growth and mid-sized companies.
Key features:
Why consider Planful?
Planful is noted for its focus on rapid deployment and ease of use especially for teams with non-finance users, appealing to businesses requiring faster implementation over the breadth of functionalities Adaptive Planning offers.
Pigment stands out with its modern, flexible approach to FP&A, which is designed for businesses prioritizing collaborative planning and robust scenario analysis. Its platform is built to give insight into performance for all teams, making it suitable for forward-thinking companies.
Key features:
Why consider Pigment?
Pigment is favored for its user-centric design and emphasis on collaboration and scenario planning, offering a more flexible and intuitive experience than the more structured environment of Adaptive Planning.
OneStream delivers a unified corporate performance management solution that simplifies complex financial consolidations, planning, reporting, and analysis. It primarily caters to large enterprises seeking to streamline their financial operations within a single platform.
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Why consider OneStream?
OneStream is recognized for its capability to handle complex financial consolidations and integrations, appealing to large enterprises in ways that Adaptive Planning's broader focus might not fully address.
IBM Planning Analytics, powered by the high-performance analytical engine TM1, is designed for businesses of all sizes seeking deep insights and flexibility in their planning, budgeting, forecasting, and analysis processes.
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Why consider IBM Planning Analytics?
IBM Planning Analytics offers a more robust analytical foundation and greater flexibility in planning and modeling, making it suitable for businesses that find Adaptive Planning’s capabilities limiting.
Solver is a cloud-based Corporate Performance Management (CPM) solution that transforms financial planning, reporting, consolidations, and dashboards. It is designed for mid-market companies looking for a quick-to-implement solution that provides actionable insights and facilitates better business decisions.
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Why consider Solver?
Solver distinguishes itself by focusing on quick deployment and user-friendly interfaces. It offers a practical alternative for mid-market companies that may find Workday Adaptive Planning too complex or time-consuming to implement.
When selecting FP&A software, consider these essentials:
While Workday Adaptive Planning offers a comprehensive range of features for complex planning needs, it's crucial to ensure you've weighed it against the competition before adding it to your tech stack.
Ask yourself: Does Adaptive meet my business's specific needs? What boxes do I need it to check to be worth the investment?
Then, refer to this list to see which solution checks the most boxes. If it's Adaptive, great! If not, consider booking a demo with the solution that came out on top.
Speaking of demos, want to learn how Cube can address your business's specific needs? Request a free demo today.