Workday + Adaptive Insights: A Single Planning Solution for Customers

It’s been just over three weeks since we completed our acquisition of Adaptive Insights and while it’s still early days, I couldn’t be more excited about our future. In addition to our cultures aligning, we share a common vision for being a leader in the business planning software space, which is why I’m thrilled to share the next step in our strategy to jointly enable customers to better plan, execute, and analyze across the enterprise, all in one system.

To ensure we are offering customers the best solution to accelerate their finance, workforce, and business transformations, we’ve determined that the Adaptive Insights Business Planning Cloud will become the single planning solution moving forward for our customers. With this strategy in place, we will fast-track our planning roadmap by 2+ years in order to deliver an even more robust solution that meets the needs of customers as they face increasingly complex planning use cases in today’s dynamic business environment. With Adaptive Insights Business Planning Cloud, customers can make smarter, faster decisions with a product designed to power the entire planning process including modeling, monitoring, reporting, and analyzing.

I truly believe our companies and communities are better together and look forward to sharing more details on our joint strategy at Workday Rising in October. In the meantime, here’s a quick FAQ to address some questions that might already be on your mind.

What does this mean for existing Workday Planning customers?

We will continue to support Workday Planning but will not deliver new functionality beyond Workday 31, which will be released on September 8. This means Workday customers have the option to remain on Workday Planning or switch to Adaptive Insights Business Planning Cloud. We will work closely on migration plans with those customers that choose to switch to Adaptive Insights.

Will you still support the Power of One with Adaptive Insights Business Planning Cloud?

Yes, we plan to unify Adaptive Insights Business Planning Cloud with Workday’s leading suite of applications for finance and HR, so that the Power of One stays intact, giving all customers one source for data, one security model, one user experience, and one Workday community.

What does this mean for current Adaptive Insights customers? Will the Adaptive Insights Business Planning Cloud continue to be an open product?

Adaptive Insights customers will continue to have the same great experience they have today—including a source system-agnostic, open product—with Adaptive Insights Business Planning Cloud.

Additionally, Adaptive Insights customers will benefit from Workday’s global presence and support as well as a larger development organization that will help accelerate Adaptive Insights’ innovation pipeline for small, medium, and large enterprise customers.

Forward-Looking Statements
This blog contains forward-looking statements related to Workday, Adaptive Insights, and the acquisition of Adaptive Insights by Workday that are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Forward-looking statements in this communication include, among other things, statements about the potential benefits and effects of the proposed transaction, Workday’s plans, objectives, expectations and intentions, and the financial condition, results of operations and business of Workday. Risks include, but are not limited to: (i) risks related to Workday’s ability to successfully integrate Adaptive’s operations; (ii) failure to achieve the expected benefits of the transaction; (iii) Workday’s ability to implement its plans, objectives and other expectations with respect to Adaptive Insights’ business; and (iv) additional risks included in our filings with the Securities and Exchange Commission (SEC), including our Form 10-Q for the fiscal quarter ended April 30, 2018 and our future reports that we may file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
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