With every new release from Adaptive Insights, we ask ourselves this question: How can we address the needs of our customers with further capabilities that support our Adaptive Suite attributes of easy, powerful, and fast? Below, I highlight several new features in our latest update that demonstrate how we’re delivering on that promise. It’s just a snapshot of the new functionality we’ve added in this release, but it underscores our commitment to empower finance and business users with next-generation analytics, modeling, and reporting technology.
One of the most exciting updates is the launch of our next generation of visual analytics. Building on our integrated planning and analytics, it puts the power of self-service interactive dashboards, visualizations, and charts into users’ hands to monitor and drive business performance. Users now have the ability to visualize numbers and charts side by side, easily see variances in a waterfall chart, personalize dashboards with their own KPIs, perform period-over-period analysis, and more. For example, users can analyze real-time financial and operational data over time, reach their own conclusions, and apply what they’ve learned to improve the plan. With easy, powerful, and fast analytics across the Adaptive Suite, finance teams can plan and adapt without compromise to drive business success.
A completely configurable calendar
This release also includes powerful, end-user-configured time modeling. Now you can plan with the fiscal calendar of your choice, whether that is a 4-4-5 or 13-period calendar, semesters, or trimesters. Importantly, you also can define your own custom fiscal calendar. In short, your fiscal calendar can match your exact business needs, so you can plan and adapt without compromise. Alternative vendor offerings have inflexible, static calendars that are hard-coded into the system. Our release empowers customers to create custom calendars without workarounds or code.
In addition, flexible time modeling supports daily, weekly, monthly, quarterly, and half-year granularity so you can plan to the level many businesses require. Hospitality companies, for example, can plan according to hotel nights reserved, tickets sold, days booked, or season passes sold. Restaurants can plan according to reservations. Organizations can track daily weather history to forecast sales based upon weather trends and seasonality. And companies that organize events can easily plan for all types.
And with a completely customizable calendar, you can define break periods and rollups however you like. This means varying break periods, typical in higher education—we all miss those, don’t we?—and other industries can be accommodated with ease. With flexible rollups, you choose how to roll up your calendar, whether that’s in weeks, months, quarters, or even half years. This allows you to easily forecast and even reforecast your business.
Said University of Arizona Vice President of FP&A Barry Brummund: “The flexibility to configure plans aligned to our university calendar, and 3,000 different contract calendars, has enabled us to successfully respond to state budget cuts and become more innovative with our business.”
Flexible, powerful modeling experience
Then there are the modeling enhancements, which include more advanced formula expressions to create powerful global formulas whose behavior or results can vary based on a location’s account, time period, dimensions, and attributes. Cube sheet linking gives modelers an easier and faster way to build links in a cube sheet that relate to another sheet and still allow data entry in the cube. Enhancements to modeled sheets let you filter dimension values based on the attribute values you select. This makes tasks such as data entry faster and error-free.
Taken all together, these new features underscore our commitment to innovate and elevate the Adaptive Suite. Enjoy them!
Want to learn how a best-practice, active planning process can help you drive business success? An active planning process is collaborative, comprehensive, and continuous—one that results in a better business plan. Better budgeting and forecasting. You’ll get greater visibility into business performance, build confidence in the numbers, make data-driven decisions, and increase buy-in and accountability throughout the organization. Learn more here.