Adaptive Insights is a cloud-based financial planning and analysis software that enables organizations to improve their forecasting, budgeting, and reporting processes. Although the benefits of using Adaptive Insights are clear, some organizations may be hesitant to invest in the software due to its cost. In this article, we will discuss how to make a business case for Adaptive Insights, highlighting its key features and benefits as well as business outcomes.
When it comes to business intelligence (BI) and corporate performance management (CPM), the benefits of investing in an adaptive solution like Adaptive Insights are clear. But when it comes to making the case for this type of investment to upper management, you need to be able to show a strong return on investment (ROI).
The good news is that there is a strong ROI for Adaptive Insights. In fact, our customers typically see a payback period of less than 12 months and an ROI of more than 200%.
The Adaptive Insights Advantage
Adaptive Insights offers a number of advantages that can help organizations improve their financial planning and analysis processes. Here are some of the key benefits that you can highlight to make your case:
Better Business Forecasting
Perhaps the most important benefit of using Adaptive Insights is its ability to automate the forecasting process. By automating forecasting, Adaptive Insights can help organizations save time and improve the accuracy of their forecasts.
Powerful Reporting and Data Visualization
In addition, Adaptive Insights offers powerful reporting and data visualization features that can help organizations make better-informed decisions. The software’s reporting capabilities allow users to create customized reports and dashboards. And its data visualization features make it easy to spot trends and patterns in data.
Flexible Deployment Options
Adaptive Insights also offers flexible deployment options, which is another key advantage. The software can be deployed in the cloud or on-premises, depending on an organization’s needs.
Although Adaptive Insights is not the cheapest financial planning and analysis software on the market, its pricing does reflect the advanced features that it offers over many competitors. In addition, the software is offered on a subscription basis, which can be much more cost-effective for organizations than purchasing a one-time license.
Improved Forecasting Accuracy
Adaptive Insights uses advanced forecasting algorithms to provide more accurate predictions based on historical data and trends. This can help organizations to make better-informed decisions about the future.
Improved Budgeting and Planning Processes
Adaptive Insights can help organizations to streamline their budgeting and planning processes. The software’s Planning Module enables users to create and manage budgets, track actual vs. budgeted results, and run what-if scenarios.
Faster and Easier Budgeting and Planning
With Adaptive Insights, the entire budgeting and planning process can be completed in a fraction of the time it would take using traditional methods. The software’s Planning Module automates many of the tasks associated with budgeting and planning, such as data entry, calculations, and report generation.
Adaptive Insights provides users with the ability to create customized reports and dashboards. This enables organizations to make better-informed decisions by allowing them to see all the relevant data in one place.
Increased Visibility and Transparency
All users have access to the same up-to-date information, so there’s no need for guessing or relying on assumptions. Adaptive Insights also offers role-based security, so you can control who has access to which data.
Faster and Easier Financial Reporting
Adaptive Insights can help organizations to streamline their financial reporting processes. The software’s Financial Reporting Module enables users to create and manage reports, track actual vs. budgeted results
Top Features of Adaptive Insights
What If Scenarios
The What If Scenarios feature in Adaptive Insights enables users to explore different outcomes by changing assumptions. This can be a valuable tool for organizations when making decisions about the future.
Multi-Dimensional Data Modeling
Adaptive Insights offers a multi-dimensional data modeling approach that provides a more flexible and granular way of looking at data. This can be helpful for organizations that need to track data at a very detailed level.
Adaptive Insights comes with a number of collaboration tools that make it easy for users to work together on financial planning and analysis. These tools include comments, notes, and alerts.
Adaptive Insights provides users with the ability to import data from a variety of sources, including Excel, CSV, and SQL databases. The software also offers a number of data management features, such as data cleansing and data transformation.
Adaptive Insights offers a number of third-party integrations, which can be helpful for organizations that use other software applications. Some of the compatible applications include Salesforce, Workday, and NetSuite.
Adaptive Insights’ Performance Management module provides users with the ability to track KPIs and create scorecards. This can be a valuable tool for organizations that need to improve their performance.
Adaptive Insights’ Financial Consolidation module enables users to consolidate financial data from multiple entities. This can be helpful for organizations that have subsidiaries or affiliates.
The Alerts/Notifications feature in Adaptive Insights enables users to set up alerts for specific events. This can be helpful for organizations that need to be proactive about their financial planning and analysis.
Real Time Analytics
Adaptive Insights’ Real Time Analytics feature provides users with the ability to see data in real time. This can be helpful for organizations that need to make decisions quickly.
Adaptive Insights’ Version Control feature enables users to track changes to data and reports. This can be helpful for organizations that need to keep a history of their financial planning and analysis.
Adaptive Insights’ Audit Trail feature enables users to track all changes made to data and reports. This can be helpful for organizations that need to maintain a record of their financial planning and analysis history.
Data Modeling & Simulation
Adaptive Insights’ Data Modeling & Simulation feature enables users to create models of different data sets. This can be helpful for organizations that need to test different scenarios.
Adaptive Insights’ Demand Forecasting module enables users to forecast future demand. This can be helpful for organizations that need to make decisions about inventory and production.
Adaptive Insights’ Pricing Optimization module enables users to optimize pricing. This can be helpful for organizations that need to maximize their profits.
Adaptive Insights offers users the ability to dramatically increase their ability to collect, centralize, analyze and report on data from a number of different systems. For businesses wanting to make a case for implementing Adaptive Insights, the best course of action is to firstly understand what the business’s needs are in terms of information and insights. Once these needs have been understood, it becomes much easier to make a business case for Adaptive Insights and its many features.
Do you need help making a business case for Adaptive Insights?
Zanovoys team of experts can help you get started. Our approach to data consolidation and centralization will give you businesses a competitive edge.
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About Zanovoy, a Leading Adaptive Insights Partner
Zanovoy is a leading provider of business intelligence, financial consolidation, and reporting solutions. We help organizations of all sizes transform their data into actionable insights that drive better decision-making. Our team of experts has over five years of experience in implementing, training and supporting Adaptive Insights.
Contact us to learn more about how we can help you make a business case for Adaptive Insights.