There’s no question about it: your organization needs to stay on top of the edgiest technology available. That is, if you want to keep pace with today’s budgeting, forecasting, reporting, and analytics demands. Workday Adaptive Planning can handle complex planning through top-notch security, scalability, and flexibility, and you can use the software to gain the deep insights necessary for strategic decisions and plans. That’s so very important in today’s business climate. No more should you rely on error-prone data when doing reports and consolidations.
But before we go further, just what is Adaptive Planning? Let’s look at that and more.
What is Workday Adaptive Planning?
Essentially, Workday Adaptive Planning is a cloud-based software that makes easy work of managing, reporting, and analyzing business performance. With it, you don’t have to sacrifice ease of use for scale. Nope, you can have it all. In addition, you can produce complex financial models without having to deal with clunky, outmoded systems or ginormous spreadsheets. You may be comfortable with these dinosaurs, and they may be serviceable for the most part, but they’re ultimately going to hold you back.
What About Usability with Workday Adaptive Planning?
It’s industry leading, in fact. So much so that planning is enhanced by a particular ease of use that accelerates adoption and promotes engagement across operations, business units, and finance teams.
Engaging both finance and non-finance users in planning results in decisions and plans that are in line with your company’s goals and objectives.
Is Workday Adaptive Planning Business Friendly?
Deployment is drudgery for a lot of systems. It can be a pain. And even once such systems are up and running, dedicated IT resources are needed for, say, changes to structures, reports, and analyses. This diminishes agility and eats up already stretched-thin IT resources. You may even experience unnecessary and costly systemic delays.
However, with Workday, operations and finance people use the software’s drag-and-drop functionality to control their models, dashboards, processes, and reporting. And what is cool is that the functionality needs no IT support to speak of.
How ‘Adaptable’ is Workday Adaptive Planning?
More than ever, organizations need to be flexible to deal with an unstable business environment brought on by the pandemic that’s still evolving. The problem is that most creaky old legacy systems aren’t all that nimble.
However, with Workday Adaptive Planning – or Workday Adaptive Insights — scenario planning and flexible modeling of operational planning are a veritable piece of cake. That means that, as markets and the business change, models and plans can continuously evolve. Workday pulls together, in one active environment, workforce, operations, financial, and project-based planning. That’s some feat when you think about it. Especially when you get a consultant like Mercer involved to help.
How Long to Value Realization?
It takes around six months for most organizational clients to launch their initial phase, freeing teams to put together more complex models. End-user validation while enroute to deployment renders user acceptance, well, no big deal.
How Scalable is Workday Adaptive Planning?
Simply put: if you need multifaceted modeling, reporting, and analysis, Workday is all over it. The fact is that when it comes to granular, nitty-gritty, brass tacks planning and reporting, well, that’s why this system was designed.
What is adaptive planning? Well, now you know. When planning across your enterprise, you want data derived from all your operational and transactional systems. That’s what the software is about. But to make the most of your system, you should buy and implement it through the consultant Mercer, which has the deep Workday knowledge and experience you need for the best ROI.