
Adaptive Insights Achieves Workday Certification; Geared to Offer Better Financial Management Capabilities
FREMONT, CA: Adaptive Insights, a provider of cloud-based corporate performance management (CPM) solution, has been certified as a Workday Solution Partner. The integration of Workday Financial Management with Adaptive Planning application will provide organizations easy sharing of general ledger balances, journal entries, and Worktag information.
Workday Partners are an exclusive group of providers that have passed the Workday standards of quality, integrity and experience.
Adaptive Planning is a planning process that uses advanced analytics to address interdependencies between asset management, capital investments, market dynamics and operations. By leveraging cloud-based computational capabilities, Adaptive Planning uses data to create, compare and optimize complex planning decisions. Its framework enables utility planning efforts to shift from being an annual event to a more flexible and timely process that is more closely integrated into normal business activities.
The solution provides advanced scenarios and comparison analytics that can be used to evaluate capital investment, maintenance, operations or compliance options against a wide-range of metrics. It helps in equipping with asset investment and maintenance plans with an understanding of risks, impacts and criticality; and projection of variances between actual and planned performance and reveal improvement opportunities.
Workday Financial Management includes a full range of finance and accounting capabilities, real-time business insights, and fully auditable process management. The challenges associated with integrating financial and operational data beyond the general ledger are a concern as well as priority for CFOs today.
The major functions of Workday Financial Management tool include: ensuring proper regulatory compliance, such as separation of duties and data privacy, with unified process controls and security; global consolidation across multiple entities and currencies; efficient management of standard financial processes; and provide spreadsheet based financial and management report.
For instance, IMC Financial Markets in the Netherlands has been using Adaptive Planning with Workday to deliver innovative forecasting while leveraging Workday as their system of financial record. Whether using Workday for their financial transactions or personnel, the integration of Adaptive Planning enables to predict the future by leveraging the systems of record and other operational data like sales forecasting data from SFDC or production statistics. Through such analytics, users get a complete view of their corporate performance.
"It is increasingly clear that companies require a comprehensive view of data from across the entire organization in order for their finance teams to make informed, strategic decisions. Our Workday certification reinforces the importance of solutions that solve organizational budgeting, forecasting, and planning challenges, while maintaining consistency with the underlying financial and operational data. It gives modern finance teams the ability to plan, analyze, and act faster, and with greater confidence in the integrity of the data." says Carolee Gearhart, senior vice president of international sales and global channels, Adaptive Insights.
See Also: Top Corporate Finance Consulting/Service Companies
Featured Vendors
Management Information Control Systems, Inc. Builder Information System: Contractors One Stop Accoun
Forecast5: Analytics Actionable Analytical Tools to Synchronize Financial Resources and Strategic Pl
DEX Systems: Service Life Cycle Management Software that Enhances Oracle EBS to provide increased co
EDITOR'S PICK
Essential Technology Elements Necessary To Enable...
By Leni Kaufman, VP & CIO, Newport News Shipbuilding
Comparative Data Among Physician Peers
By George Evans, CIO, Singing River Health System
Monitoring Technologies Without Human Intervention
By John Kamin, EVP and CIO, Old National Bancorp
Unlocking the Value of Connected Cars
By Elliot Garbus, VP-IoT Solutions Group & GM-Automotive...
Digital Innovation Giving Rise to New Capabilities
By Gregory Morrison, SVP & CIO, Cox Enterprises
Staying Connected to Organizational Priorities is Vital...
By Alberto Ruocco, CIO, American Electric Power
Comprehensible Distribution of Training and Information...
By Sam Lamonica, CIO & VP Information Systems, Rosendin...
The Current Focus is On Comprehensive Solutions
By Sergey Cherkasov, CIO, PhosAgro
Big Data Analytics and Its Impact on the Supply Chain
By Pascal Becotte, MD-Global Supply Chain Practice for the...
Technology's Impact on Field Services
By Stephen Caulfield, Executive Director, Global Field...
Carmax, the Automobile Business with IT at the Core
By Shamim Mohammad, SVP & CIO, CarMax
The CIO's role in rethinking the scope of EPM for...
By Ronald Seymore, Managing Director, Enterprise Performance...
Driving Insurance Agent Productivity with Mobile and Big...
By Brad Bodell, SVP and CIO, CNO Financial Group, Inc.
Transformative Impact On The IT Landscape
By Jim Whitehurst, CEO, Red Hat
Get Ready for an IT Renaissance: Brought to You by Big...
By Clark Golestani, EVP and CIO, Merck
Four Initiatives Driving ECM Innovation
By Scott Craig, Vice President of Product Marketing, Lexmark...
Technology to Leverage and Enable
By Dave Kipe, SVP, Global Operations, Scholastic Inc.
By Meerah Rajavel, CIO, Forcepoint
AI is the New UI-AI + UX + DesignOps
By Amit Bahree, Executive, Global Technology and Innovation,...
Evolving Role of the CIO - Enabling Business Execution...
By Greg Tacchetti, CIO, State Auto Insurance
Read Also
