[ 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 (4) 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. Budgeting/Forecasting Create budgets based on historical data and future projections Show More ##### ## Data (5) 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. Real-Time Data Receive data and information in real time Show More ##### ## Status Communication (5) 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. Approval Process Control Manage the process of evaluating documents or requests submitted for approval Show More ##### ## Budget Creation (7) 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) Real-Time Data Receive data and information in real time 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 (6) 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 Generative AI Use AI to generate content in the form of text, images, videos, etc. Show More ##### ## Analytics (4) 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 Financial Analysis Evaluate units, projects, budgets, and other finance-related data to gauge their performance and potential risk Show More ##### ## Financial Planning (4) 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. Self-Service Reporting Allow users to create their own reports and financial statements 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 (19) 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) Sustainability Management Manage and monitor compliance with government regulations on environmental standards Emissions Management Manage all types of emissions into the environment. Policy Management Create, manage, and track policies and procedures within an organization Risk Management Process of identifying, evaluating, mitigating, addressing and reporting on potential risks or uncertainties Internal Controls Management Ensure internal objectives and compliance with policies are met Document Management Store, manage, and track all electronic documents in a centralized location Data Management Ability to handle large datasets Conflict Minerals Management Manage the reporting of the use and sourcing of 3TG metals. Assessment Management Creation, administration, and evaluation of assessments or tests Initiative Management Create and manage internal campaigns to improve company culture or business strategy. Task Management Create, manage and track all task activities and progression Program Management Process of managing several related projects or business activities to achieve organizational goals Framework Management Manage global or internal standards that are designed to measure the impact of business processes or procedures. Disclosure Management Create, manage, and publish disclosure statements or reports. Survey/Poll Management Create and administer polls and surveys Compliance Management Track and manage adherence to policies for any service, product, process, or supplier 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 (5) 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 Scenario Planning Develop potential scenarios to identify risks and opportunities Show More ##### ## Reporting - Environmental, Social, and Governance (ESG) Reporting (8) 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. Generative AI Use AI to generate content in the form of text, images, videos, etc. Compliance Tracking Track and report regulatory data to either internal management or external stakeholders Progress Tracking Reporting on how each user, task or process has advanced since its initiation 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 ##### ## Additional Functionality (104) Predictive Analytics Predict future data based on historical data sets Multi-Language Manage and support multiple languages Generative AI Use AI to generate content in the form of text, images, videos, etc. Currency Management AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users User Management Manage user accounts, profiles, roles, permissions, and other details across applications, devices or networks Project Management Plan and coordinate all the resources, costs and time needed to execute assignments Risk Management Process of identifying, evaluating, mitigating, addressing and reporting on potential risks or uncertainties Real-Time Analytics Analyze and gain insights into data in real-time Audit Trail A record of all activities within the system, including user access, changes made, etc. Tax Management Implementation of various strategies to manage tax obligations via planning and maintaining compliance Investment Management Manage and handle financial assets as well as other investments. Transaction History Record of all transactions such as purchases, deposits, withdrawals and transfers within a specific period Data Import/Export Import and export data to and from software applications Fixed Asset Management Centralized database to track details of fixed assets such as depreciation and maintenance scheduling/history Mobile Access Access software remotely via mobile devices Transaction Monitoring Monitor or audit historical and current transactions to analyze customer account activities API Application programming interface that allows for integration with other systems/databases Project Time Tracking Measure time to completion or hours worked for projects Projections Estimate or forecast of a future scenario based on the study of present trends Consolidation/Roll-Up Combining loans, assets, liabilities, and other financial data from multiple subsidiary companies into one entity for reporting General Ledger Centralized accounting record which tracks all financial transactions Purchasing & Receiving Workflows that help acquire inventory, issue purchase orders and receive and store items in required quantity Real-Time Monitoring Active monitoring of systems, applications, or networks Configurable Workflow Configure existing workflows to meet your organization's needs Dashboard Creation Creation and customization of dashboards Accounting Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc. Electronic Payments Electronically collect payments for goods or services Revenue Recognition An accounting principle that identifies the specific conditions in which revenue is recognized and determines how to account for it. Invoice Management Captures invoice data and maintains comprehensive records for auditing and reporting purposes Compliance Management Track and manage adherence to policies for any service, product, process, or supplier "What If" Scenarios Method used in decision-making that allows businesses to input variables to forecast potential outcomes or possibilities Workflow Management Create, design and manage workflows for repetitive tasks Multi-Currency Manage and handle various international currencies Planning Tools Visual Analytics Interact with data visualization elements, such as charts and graphs, to drill down into data Cash Management Process of managing an organization's cash resources, including cash on hand, investments, and bank account balances Customizable Reports Alter the layout and content of reports Bank Reconciliation Compare and match accounting/financial records with corresponding bank statements Invoice Processing Creation, processing, verification, and execution of invoices till the payment is made Multi-Company Manage the accounting and financial aspects of multiple locations or companies in a single location For Investors & Traders Used by retail investors and active traders/day traders Expense Tracking Monitor and record expenses such as purchases or charges incurred Purchase Order Management Create, send, and track purchase orders and their statuses Access Controls/Permissions Define levels of authorization for access to specific files or systems Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Reporting/Analytics View and track pertinent metrics to find patterns and gain insights from data Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Billing & Invoicing Create, manage, and send invoices or bills to customers Receipt Management Upload, track, and submit receipts in a central database Profit/Loss Statement A type of financial statement used to record and report an organization's revenues, costs, and expenses over a specific amount of time Income & Balance Sheet A statement detailing the financial position of a business including assets, liabilities, and equity at a certain point in time Cash Flow Management Monitoring, analysis, and projection of the movement of cash into and out of a business over a specific period KPI Monitoring Tracking the status of previously identified performance measurements Emission Calculations Measure the output of all types of emissions into the environment. Environmental Metrics View and track various environmental indicators including material wastage, energy usage, and carbon footprint AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Scoring Automatically calculate score after the assessment AI/Machine Learning Software program that continuously adjusts its behavior based on observed data Customizable Reports Alter the layout and content of reports Customizable Dashboard Alter the layout and content of dashboards Benchmarking Compare key metrics for the business against prominent players in the industry Performance Metrics A set of indicators that tracks the performance of networks, applications, systems, teams, etc. Reporting/Analytics View and track pertinent metrics to find patterns and gain insights from data Auditing Examine established processes and records to ensure accuracy, compliance, and policy adherence Workflow Automation Streamlining repetitive tasks and activities through automated and predefined workflows Data Visualization Graphical representation of data Purchase Order Management Create, send, and track purchase orders and their statuses Expense Management Plan, pay and track business related expenses. Ad hoc Reporting Generate one-off reports that meet information requirements Multi-Company Manage the accounting and financial aspects of multiple locations or companies in a single location Profit/Loss Statement A type of financial statement used to record and report an organization's revenues, costs, and expenses over a specific amount of time Workflow Management Create, design and manage workflows for repetitive tasks Access Controls/Permissions Define levels of authorization for access to specific files or systems Customizable Reports Alter the layout and content of reports Forecasting Form predictions based on past and present data/trends Dashboard Creation Creation and customization of dashboards Self-Service Reporting Allow users to create their own reports and financial statements Multi-Currency Manage and handle various international currencies Financial Management Plan, manage, and track the financial activities of an individual or organization "What If" Scenarios Method used in decision-making that allows businesses to input variables to forecast potential outcomes or possibilities Asset Lifecycle Management Manage assets throughout their lifecycle to optimize profit Strategic Planning At a high level, visualize a preferred outcome, define goals and identify specific steps to achieve them Visual Analytics Interact with data visualization elements, such as charts and graphs, to drill down into data Billing & Invoicing Create, manage, and send invoices or bills to customers Real-Time Reporting Active reporting of data and metrics Reporting/Analytics View and track pertinent metrics to find patterns and gain insights from data Receipt Management Upload, track, and submit receipts in a central database Scenario Planning Develop potential scenarios to identify risks and opportunities Alerts/Notifications Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Collaboration Tools Provides a channel for team members to share media files, communicate, and work together Version Control Track revisions and updates made to files and navigate between different versions Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities General Ledger Centralized accounting record which tracks all financial transactions Third-Party Integrations Set up connections to third-party platforms to improve business processes Consolidation/Roll-Up Combining loans, assets, liabilities, and other financial data from multiple subsidiary companies into one entity for reporting Drag & Drop Assemble applications and processes by dragging over and arranging pre-built components Income & Balance Sheet A statement detailing the financial position of a business including assets, liabilities, and equity at a certain point in time Multi-Department/Project Manage the accounting and financial aspects of multiple operations and departments or ongoing projects from a single location Accounting Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc. API Application programming interface that allows for integration with other systems/databases Chart of Accounts A financial statement that lists a company's accounts and details the account type and balance AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Cash Management Process of managing an organization's cash resources, including cash on hand, investments, and bank account balances Show More ## 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