Workday Adaptive Planning
Organizations need a planning process that enables swift decision-making and action. Workday Adaptive Planning does just that. It is a tool that helps companies actively plan, whether that be financial planning, sales planning, operational planning, and/or workforce planning.
This unified solution empowers you to efficiently capture data, model diverse business scenarios, consolidate information, and make well-informed decisions, all supported by a foundation of reliable and trustworthy data. As a cloud-based solution, Adaptive enables you to adjust to changing conditions and engage in real-time across the organization.
Let’s check out the basics of Adaptive Planning and why it may be the right fit for you and your organization’s planning needs.
What does Adaptive Planning Do?
Workday Adaptive Planning is an Enterprise Performance Management software (EPM) that enables organizations to forecast, budget, plan, report, and analyze data. Adaptive delivers flexibility, speed, and scalability to help organizations drive growth.
Adaptive is designed in a way that ensures leaders, and their teams have direct control over their planning processes, fostering agility and responsiveness. It also minimizes the dependency on IT departments.
Financial Planning
Comprehensive tools for financial planning, reporting, and analysis, enabling accurate budgeting, insights, and collaboration.
Operational Planning
Flexible modeling for various functions, industries, and geographies, providing real-time access to operational details.
Workforce Planning
A fast and powerful solution for headcount and skills-based planning, optimizing workforce plans to achieve strategic goals.
Sales Planning
Optimize sales resources, improve performance, and enhance predictability through capacity planning, territory management, and scenario modeling.
Close & Consolidation
Operate from a single source of truth to simplify complex close processes, eliminate batch processes with automated consolidation tasks, and access real-time financial reports.
Who is Adaptive for?
Workday Adaptive Planning is designed to meet the unique planning requirements of organizations of all sizes across diverse industries and geographies. If you are seeking a comprehensive planning solution with advanced capabilities, Adaptive is the EPM for you!
Financial Planning & Analysis (FP&A) Teams
Role: FP&A professionals responsible for budgeting, forecasting, financial modeling, and strategic planning.
Finance Departments in Medium to Large Enterprises
Role: Comprehensive financial management across various functions such as accounting, treasury, and compliance.
Business Leaders & Executives
Role: C-suite executives, VPs, and directors who require high-level insights into organizational performance.
Needs Addressed:
Operations and Department Managers
Role: Managers overseeing various departments such as sales, marketing, HR, and operations.
Needs Addressed:
HR Teams
Role: HR professionals involved in workforce planning, compensation budgeting, and organizational development.
Needs Addressed:
How Adaptive solves common pain points
Adaptive tackles the many challenges and limitations of other planning tools and improves operational efficiency, saving your organization time and money.
Manual and Time-Consuming Planning Processes
Pain Point: Many organizations rely on spreadsheets and manual methods for budgeting, forecasting, and financial planning. This approach is not only time-consuming but also prone to errors, making it difficult to maintain accuracy and efficiency.
Solution: The platform automates budgeting, forecasting, and reporting processes, significantly reducing the time and effort required. Its intuitive interface and pre-built templates streamline data entry and calculations, minimizing the risk of errors and freeing up valuable resources for more strategic tasks.
Lack of Collaboration and Visibility Across Departments
Pain Point: Siloed data and limited collaboration between departments can lead to inconsistent information, misaligned goals, and poor decision-making. Without a unified view, gaining comprehensive insights into the organization’s performance is challenging.
Solution: Adaptive provides a centralized, cloud-based platform that fosters collaboration across all departments. Real-time data sharing and integrated workflows ensure that everyone is working with the same accurate information. Dashboards and reporting tools offer enhanced visibility, enabling stakeholders to make informed decisions based on a holistic view of the organization.
Limited Flexibility and Inadequate Scenario Planning
Pain Point: Traditional planning tools often lack the flexibility needed to quickly model different business scenarios and respond to changing market conditions. This limitation hinders an organization’s ability to proactively address challenges and seize opportunities.
Solution: The platform excels in scenario modeling and what-if analysis, allowing businesses to swiftly create and evaluate multiple scenarios. Users can adjust assumptions, forecast outcomes, and assess the potential impact of various strategies in real-time. This flexibility empowers organizations to make agile, data-driven decisions and better navigate uncertainties.
Enterprise Planning that connects to the rest of your organization
For customers using Workday Financial Management and Workday Human Capital Management, the platform allows planning, execution, and analysis within a single system, streamlining processes and reducing bottlenecks.
Workday Adaptive Planning extends planning beyond finance, empowering departments across the enterprise to create interconnected models. Those interconnected models can talk to each other, fostering a holistic view of the business and establishing a continuous, comprehensive, and collaborative planning process.
The EPM Tool that has it all
Workday Adaptive Planning provides a centralized, cloud-based platform that fosters collaboration across all departments in real-time while saving time and effort by automating budgeting, forecasting, and reporting processes. Its dashboards and reporting tools offer enhanced visibility, enabling stake stakeholders to make informed decisions based on a holistic view of the organization.
With its comprehensive, adaptable, and user-friendly platform for enterprise-wide planning, organizations can navigate the complexities of a changing business environment with agility and confidence.
