[ Workday... Reviews ](https://www.g2.com/products/workday-adaptive-planning/reviews) [ Workday... Reviews ](https://www.g2.com/products/workday-adaptive-planning/reviews) # Workday Adaptive Planning Features ##### ## Financial Insight (3) Budgeting Uses collected data to assist organizations in understanding what they can afford now, and in years to come. Forecasting Creates a continuous and recurrent planning process that can be calculated according to a specified and customizable timeline. Planning Leverages data from budgeting and forecasting processes to help corporations understand their reality and make decisions accordingly. Show More ##### ## Data (4) Data Visualization Offers methods of visualizing data via customizable dashboards, statistical graphs, and charts. Data Analysis Scours data for actionable insights. Custom Reporting Allows users to customize their own reports according to business needs. Reporting Templates Provides pre-built reporting templates to organize data for payroll, manufacturing, and other company factions. Show More ##### ## Status Communication (4) Collaboration Allows for searchable communication within the tool via notes, checklists, and discussions to ensure clarity between users. Version Control Reflects updates immediately, ensuring users have the most recent data while maintaining records of past performance. Real-Time Data Updates Updates varying factors in real-time, assuring forecasts and inferences are continually made according to the most recent information. Scorecards Displays and shares company performance data to increase transparency across the board. Show More ##### ## Budget Creation (6) Data Import Import trial balance, monthly P&L, balance sheets, and other types of financial data Budget Hierarchies Define budget structure elements and how they are linked hierarchically Versioning Keeps track of all versions of a budget and allows users to compare versions Formulas Include budgeting formulas to estimate direct and indirect costs, operating and non-operating revenues What-If Test the potential financial impact of business decisions on revenues and expenses Budget Periods Users can customize standard budget periods (3, 9, or 12 months) Show More ##### ## Budget Management (3) Consolidation Consolidate multiple budgets from different departments or business entities Adjustments Users with administrative access rights can modify budgets Workflows Workflows are used to define the steps required to alter budgets and who needs to approve changes Show More ##### ## Forecasting (5) Historical Data Forecasting is based on past transactions and historical financial or operational data Reforecast Ability to recreate forecasts to include new information that may impact budgets Forecast Types Support multiple types of forecasts such as balance sheet and cash flow forecasts Rolling Forecasts Used to review and update budgeting assumptions for a predefined period (usually one year) AI Uses AI algorithms and models to predict future trends and outcomes, based on historical data and patterns Show More ##### ## Analytics (3) Variance Analysis Project out as the year progresses to accommodate trends that affect key business drivers. Forecasts Comparison compare Income Statement, Balance Sheet, and Cash Flow for multiple periods Forward Looking Forward-looking Balance Sheet and Cash Flow Statements are synchronized with GL data Show More ##### ## Financial Planning (3) Extended Planning Analysis that creates business plans outside of finance, including sales, marketing, or HR. Reporting Reports on departmental KPI metrics measured against targets. Integration Consolidates planning processes across an organization into a single solution. Show More ##### ## Data Collection (3) Data Types Manages quantitative and qualitative data for environmental, social, and governance activities Data Sources Combines data from multiple sources such as software solutions, public websites, and spreadsheets Third Party Uses data from third party sources such as Bloomberg and DowJones Show More ##### ## Reporting (3) Ratings Provides ratings to rank companies based on their ESG programs Investment Generates reports for existing investors or to attract financing Public Creates reports that can be shared with the public, employees, customers, and partners Show More ##### ## Integration (3) Governance, Risk & Compliance Integrate with GRC software such as GRC Platforms, Audit management, and Policy management Finance Integrate with financial solutions such as accounting and ERP systems Environmental, Quality and Safety Management Integrate with EHS software such as Environmental Health and Safety and Quality Management Systems (QMS) Show More ##### ## Resource Planning - Workforce Planning (4) Reconciliation Ensures data is aligned and consistent across databases in departments like accounting, payroll, and recruiting Headcount Planning Provides overview of planning and prediction for current and future employee headcount Reporting Outputs reports on headcount and budgeting analytics Expense Planning Calculates outputs for budgeting and predicting expenses related to base compensation like salary and benefits Show More ##### ## Human Resources - Workforce Planning (4) Integrations & APIs Offers integration with numerous adjacent HR and ERP software solutions like accounting, workforce management, CPM, HR analytics, org charts, and ATS Compensation Bands Provides overview of salaray ranges in relation to job levels Org Chart Offers the ability to rearrange company hierarchy and employee details in a chart format Recruitment Workflows Onboarding and offboarding procedures are automated to streamline approval processes for stakeholders Show More ##### ## Risk Management - Environmental, Social, and Governance (ESG) Reporting (4) Communications Facilitate communications with various stakeholders on ESG initiatives Risk Identification Help users identify ESG related risks to proactively address them Risk Assessment Evaluate the impact of ESG related risks on the company and its ecosystem Strategic Planning Define and implement strategies to improve ESG initiatives Show More ##### ## Reporting - Environmental, Social, and Governance (ESG) Reporting (5) Benchmarking & Competitive Analysis Provide ESG benchmarking data and competitive analysis functionality Actionable Insights Deliver action items to improve ESG initiatives based on historical data AI-Enabled ESG Reporting Use AI or GAI technology to optimize ESG management and reporting Performance Tracking Monitor the performance of Environmental, Social and Governance (ESG) initiatives over time Compliance Reporting Build reports around specific compliance requirements and directives such as CSR and CS3D. Show More ##### ## Sales Performance Features - Sales Planning (7) Account Scoring Provides ability to score accounts based on potential revenue to prioritize accordingly. Revenue Planning Provides ability to structure topline revenue goals. Account Segmentation Segment accounts based on ideal customer profile and business objectives. Sales Performance Ability to monitor plan performance data to identify deviations and course correct for rep and business unit. Sales Forecasting Forecast sales data for sales teams, individual reps, territories, or products. Integrations Integrates with a variety of business systems to pull in relevant data and make data-driven decisions. Scenario Modeling Abilty to create and run "what-if" scenario modeling to inform business decisions. Show More ##### ## Territory Management - Sales Planning (2) Territory Management Ability to manage distribution of territories and alter segmentation and coverage to meet business goals. Territory Planning Define territories to ensure optimized market coverage and allocate resources appropriately. Show More ##### ## Quota & Capacity Management - Sales Planning (3) Quota Management Ability to manage and adjust quotas continuously as needed based on market changes, new hires, territory changes. Capacity Management Enable organizations to adjust sales capacity based on volatility such as headcount changes, restructuring, or organizational growth. Quota Planning Design quota targets based on factors such as account size, rep performance, and pipeline needs. Show More ##### ## Agentic AI - Sales Planning (2) Autonomous Task Execution Capability to perform complex tasks without constant human input Multi-step Planning Ability to break down and plan multi-step processes Show More ##### ## Agentic AI - Environmental, Social, and Governance (ESG) Reporting (2) Autonomous Task Execution Capability to perform complex tasks without constant human input Decision Making Makes informed choices based on available data and objectives Show More ##### ## Agentic AI - FP&A (Financial Planning & Analysis) (2) Proactive Assistance Anticipates needs and offers suggestions without prompting Decision Making Makes informed choices based on available data and objectives Show More ##### ## Agentic AI - Budgeting and Forecasting (3) Natural Language Interaction Engages in human-like conversation for task delegation Proactive Assistance Anticipates needs and offers suggestions without prompting Decision Making Makes informed choices based on available data and objectives Show More ## Top-Rated Alternatives [ ![Anaplan](https://images.g2crowd.com/uploads/product/hd_favicon/5cf128ff71aab2571ec196297196c5ca/anaplan.svg "Anaplan") Anaplan 4.6/5 (396) ](https://www.g2.com/products/anaplan/reviews) [ ![Vena](https://images.g2crowd.com/uploads/product/hd_favicon/1dfe2ea86a9d8b17089b0a950f659036/vena.svg "Vena") Vena 4.5/5 (469) ](https://www.g2.com/products/vena/reviews) [ ![Pigment](https://images.g2crowd.com/uploads/product/hd_favicon/060510ba68b72d623aded5399761c784/pigment-2024-01-19.svg "Pigment") Pigment 4.6/5 (105) ](https://www.g2.com/products/pigment-2024-01-19/reviews) [ View All Alternatives ](https://www.g2.com/products/workday-adaptive-planning/competitors/alternatives) Workday Adaptive Planning Comparisons ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_cbd7648404f56d89a63a63d0591a135d/planful.png "Product Avatar Image") Planful 4.3/5 (501) [ Compare Now ](https://www.g2.com/compare/planful-vs-workday-adaptive-planning) ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_517cee48d5c61ab3a3a6863407369c44/anaplan.jpeg "Product Avatar Image") Anaplan 4.6/5 (461) [ Compare Now ](https://www.g2.com/compare/anaplan-vs-workday-adaptive-planning) ![Product Avatar Image](https://images.g2crowd.com/uploads/product/image/small_square/small_square_b2b0e1f3339e386d182b694e59794ae7/vena.jpg "Product Avatar Image") Vena 4.5/5 (476) [ Compare Now ](https://www.g2.com/compare/vena-vs-workday-adaptive-planning) ##### Categories on G2 [ Sales Planning ](https://www.g2.com/categories/sales-planning)[ Workforce Planning ](https://www.g2.com/categories/workforce-planning)[ FP&A (Financial Planning & Analysis) ](https://www.g2.com/categories/fp-a-financial-planning-analysis) [ Budgeting and Forecasting ](https://www.g2.com/categories/budgeting-and-forecasting)[ Environmental, Social, and Governance (ESG) Reporting ](https://www.g2.com/categories/environmental-social-and-governance-esg-reporting) Show More ##### Explore More [ What are some recruiting and interview scheduling software with AI-powered candidate screening for field sales software hiring? 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