Workday Adaptive PLanning - Real-World Client Benefits
Improved Decision Making
Adaptive Planning provides businesses with data-driven insights that help them make more informed decisions. By analyzing historical data and trends, Adaptive planning can help businesses identify opportunities and potential risks, and make strategic decisions that optimize performance.
Faster Planning Cycles
50-70% reduction in Planning, Reporting, and Analytics cycles. Real-time roll-ups, reports, and analysis means, significant acceleration in planning, reporting, and analytical cycles
66% of our customer survey respondents accelerated cycle time by 50% or more (source: Customer value realisation survey, 2019-20)
Better Resource Allocation
Adaptive Planning can help businesses allocate their resources more effectively, whether that be financial resources, staff time, or physical assets. By providing insights into where resources are being used most effectively, planning tools can help businesses make more informed decisions about where to invest earned capital.
Increase Efficiency and Productivity
Adaptive Planning can help businesses optimize their operations by identifying inefficiencies and areas for improvement across their staff. By automating routine tasks and providing real-time data, planning tools can help businesses streamline their processes and increase productivitv.
Example: Reallocate finance teams’ time from managing the process to reporting and analysing data, to enhance collaboration, drive change and improvements throughout the planning process.
72% of our customer survey respondents increased time spent on value-added tasks by at least 30-50% (source: Customer value realisation survey, 2019-20)
Trusted Data
Single sources of truth, drill down ability, slicing, and dicing ability means business and finance users can answer the second and third-order questions about their data in real-time.
Stakeholders trust the data because of universal drill throughs, formula transparency, cell commentary, audit trails and general ease of validating data.
Our customers say that with Adaptive Planning, they have been able to improve data integrity and have greater confidence in data. They avoid significant manual effort involved in data validation tasks.
Improve visibility and enhance collaboration
Adaptive Planning can help teams collaborate more effectively by providing a centralized platform for sharing information and tracking progress. By enabling teams to work together more seamlessly, planning tools can help businesses achieve their goals more quickly and efficiently.
Adaptive Planning delivers self-service reports, dashboards, and planning workflows to better engage business users, and enhance plan accountability.
Our customers report improved finance and business knowledge such as “What is happening” in the business and “Why” it is happening, in real-time. More than half our customer survey respondents said they have experienced improved, visibility, enhanced accountability and ownership and a higher level of collaboration between finance and business (source: Customer value realisation survey, 2019-20)
Frequent Forecasting
Transition from annual to monthly, quarterly forecasts and rolling forecasts. Driver-based models to enable continuous forecasts that help identify risks and opportunities earlier.
A meaningful percentage of our customer who deployed Adaptive Planning for annual budgets rapidly evolve to implement quarterly and monthly forecast including rolling forecasts, as the system allows you to roll forward plans in real-time
What-if Modelling
Ability to build new scenarios and versions in real-time. Real-time “What-if” scenarios to flex operational & financial drivers; provide insights to support earlier course corrections.
Customers effectively leverage “What-if” modelling to build new versions of their budgets and forecasts rapidly. Many of our customers report how they were able to reforecast revenues and expenses when COVID-19 hit. Analysis of system use by our engineering team report a 15x-30x increase in the number of new versions that were built by our customer during the pandemic and its economic fallout.
Workday Adaptive Planning Case Study
National Group - Case Study
Challenge:
This mining service provider faced significant challenges in collecting, sharing, and planning data effectively across all its divisions.
Solution:
To address these challenges, Adaptive was implemented, simplifying the process of automatically gathering, managing, and forecasting data.
Impact:
The adoption of Adaptive resulted in a substantial improvement in the accuracy and reliability of data available to managers and C-suite executives.
Driving Business Performance with Adaptive at National Group
National Group, a prominent player in the heavy earthmoving equipment and end-to-end mining services sector, sought to optimize its operations and enhance efficiency. To achieve these goals, the company turned to Adaptive to streamline data collection and sharing across its sales, finance, operations, and leadership teams.
Elevating Data Management
With over 300 employees in Australia, National Group's finance team, though small, was grappling with the daunting task of meeting the organisation's reporting, forecasting and analytical demands. Prior to adopting Adaptive, their efforts were hampered by the time-consuming process of gathering data from multiple sources, both within and outside the organisation, using various Excel documents. This left little room for meaningful reporting, analysis and forecasting. Moreover, their existing BI tools offered limited capabilities for data gathering and visualization, preventing the organisation from fully harnessing its data potential.
Adaptive brought about a transformation in National Group's approach to reporting, analytics and forecasting, instilling a data-driven mindset throughout the organisation.
Catherine, a key figure at National Group, emphasized the shift: "When data was harder to access, people made decisions based on whatever information they had, using gut instinct to fill in the gaps. With Adaptive, we now expect people to have hard data to back up whatever decision is being made."
Unleashing High Performance
National Group leveraged Adaptive's pre-built connectors to seamlessly extract data from its internal sales, marketing, finance, and operations resources. This data was then integrated with a robust forecasting methodology to predict future outcomes.
Catherine further noted, "Adaptive helped us enhance our overall data and forecasting architecture by providing access to more meaningful data than we've ever had before. Using the built-in tools, we can deliver forecasted data to end users, empowering them to make better decisions."
The implementation of Adaptive has allowed National Group to unearth new insights, driving the business forward.
Instant Access to Data for Executives
For National Group's executives, Adaptive unlocked the ability to access actual and forecasted data instantly through multiple dashboards. As data is automatically collected and processed based on predefined rules and methodologies, executives no longer need to wait for data to be gathered from various sources. Additionally, executives can easily filter the dashboard by region and products, enabling them to answer critical questions on the spot instead of awaiting additional information.
Catherine summarized the impact: "It no longer takes days or weeks to pull that information together. Adaptive provides access and visibility that was impossible to achieve before."
National Group
Headquartered in Gold Coast, Australia.
The National Group is a leading mining-services company in Australia. For more than two decades, we have supplied heavy earthmoving equipment and end-to-end mining services to the world's largest resource companies.
Industry
Mining
Departments using Adaptive
BI, Finance, Executive Team
Company Size
300 + employees