After once again having been named a leader earlier this year in the 2019 Gartner Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises, we’re incredibly excited that Adaptive Insights has also again been named a leader in the 2019 Gartner Magic Quadrant for Financial Planning and Analysis Solutions. It’s our third year running being named by Gartner as a Magic Quadrant leader in cloud core financial management suites, and third year being named a Magic Quadrant leader in financial planning and analysis solutions.
We believe this recognition reflects our relentless focus on customer satisfaction, innovation, and solving our customer’s most pressing business challenges. As the world continues to change at an unprecedented rate, organizations need to be able to move quickly to take advantage of opportunities. They need to be able to model different scenarios and then rapidly act, and adjust plans to reflect real-world feedback. And they need to have systems and processes that help them move forward, not hold them back.
As we recently reflected, it’s been a busy year for planning. Since Adaptive Insights joined Workday, we’ve been working hard to unify the two solutions so that finance teams can plan, execute, and analyze in one system. We’ve come a long way, and there’s even more to come.
Let’s take a quick look at what the Power of One means for Workday customers:
One source for data: With data integration and drill-back already available, we are now teaching the Adaptive Insights Business Planning Cloud to fully understand the Workday object model, its metadata, and hierarchies. You will be able to use the hierarchies and summaries in Workday to model new business and forecast future results.
One security model: While single sign-on is already supported, we are working on further unifying user management and security. You’ll be able to create, edit, and manage all your users in Workday, and Adaptive Insights will automatically become aware of them—including moves, organizational changes, and more.
One experience: In the future, Adaptive Insights budgets will more tightly couple with Workday applications, providing business owners with immediate spend authorization and automated creation of job positions from those budgets. Those execution steps will then be updated in the plan in real time. This will let you keep your plans and actions in sync to move faster. And with a single analytics and reporting architecture, you’ll be able to forecast your future and analyze results across your financial, operational, and people data.
As we unify our solutions further, Adaptive Insights Business Planning Cloud, Workday Financial Management, Workday Human Capital Management, and Workday Prism Analytics will provide a single experience for our customers to plan, execute, and analyze in one system. For finance teams, who are often the focal point for digital transformation efforts, this is vital, leading to greater insights and faster decisions. For HR teams, who are called upon to lead talent planning transformation, this is a necessary foundation for truly strategic workforce planning.
Combined with the power of machine learning, which will add automation and predictive capabilities, customers have the tools they need to confidently run their organizations at the speed of business.
At the same time, we remain fully committed to offering the Adaptive Insights Business Planning Cloud as a standalone solution that works with all ERP systems, not just Workday. As my colleague Tom Bogan, CEO of Adaptive Insights, says, “We describe our strategy as ‘best in class, better in suite.’”
This ability to plan, execute, and analyze in the same system is unique to Workday. For our customers, this means that you’ll be able to operate with more agility, continuously refining plans and rapidly putting them into action. And that’s a plan we can all get behind.