Offers robust financial modeling, real-time data integration, customizable dashboards, and collaborative planning features designed to simplify budgeting and forecasting.
Applications that support budgeting, forecasting, and financial modeling to help insurers plan for future performance and resource allocation.
More Financial Planning and Analysis Tools
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Multi-Source Data Import Supports importing data from spreadsheets, accounting software, ERPs, CRMs, and claims systems. |
Adaptive Planning supports importing data from spreadsheets, accounting software, and ERPs as described in product documentation. | |
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Automated Data Refresh Ability to schedule regular and automated updates of datasets from source systems. |
Automated data refresh scheduling is noted in Adaptive Planning's data integration documentation. | |
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Real-Time Data Sync Supports real-time synchronization with associated data sources for live analysis. |
Real-time data sync is named as a supported capability for some data sources (especially when using integration APIs/connectors). | |
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Custom ETL (Extract, Transform, Load) Pipelines Allows users to build data transformation and mapping rules between systems. |
Custom ETL pipelines and mapping are supported via built-in integration tools and APIs. | |
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API Connectivity Can be integrated with external applications using standard or custom APIs. |
Adaptive Planning provides robust API connectivity for integration with external systems. | |
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Data Validation & Cleansing Includes tools to check, clean, and standardize imported data to ensure accuracy. |
Data validation and cleansing tools are described in the product and help documentation. | |
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Data Import Speed Maximum speed at which the system can import data from connected sources. |
No information available | |
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Historical Data Import Limit The maximum historical data range that can be ingested for trend analysis. |
No information available | |
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Prebuilt Insurance Integrations Includes out-of-the-box integrations with common insurance platforms (e.g., Guidewire, Duck Creek). |
No information available | |
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User Access Controls on Data Import Support for role-based access and approval workflows for data importing. |
Role-based access and approval workflows are highlighted as core features. |
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Multi-Scenario Budgeting Enables creation and comparison of multiple budget and forecast scenarios. |
Multi-scenario budgeting is a key capability highlighted in Adaptive Planning marketing and documentation. | |
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Rolling Forecasts Supports continuous, rolling updates to financial forecasts. |
Rolling forecasts are specifically highlighted as part of the solution's core FP&A modernization offering. | |
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Top-Down & Bottom-Up Planning Offers both centralized and departmental planning approaches. |
Both top-down and bottom-up planning are supported; users can combine or separate these approaches. | |
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Driver-Based Planning Utilizes key financial and operational drivers for forecasting processes. |
Driver-based planning is a standard and promoted differentiator for Adaptive Planning. | |
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Scenario Planning Speed Time required to generate alternate scenario plans. |
No information available | |
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Collaboration Tools for Budgeting Enables multiple users to participate in budgeting and forecasting simultaneously. |
Live multi-user collaboration for budgeting/forecasting is described as a feature. | |
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Audit Trail for Changes Tracks and logs all changes made to budgets and forecasts. |
Change audit trails for budgeting/forecasting are documented as included capabilities. | |
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Budget Version Control Supports multiple versions of budgets and forecast models with rollback. |
Budget version control with rollback support is a native feature. | |
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Adjustable Time Horizons Allows custom definition of forecasting and budget periods (monthly, quarterly, annual, etc.). |
Users can set custom time horizons (monthly, quarterly, annual, etc.) in planning models. | |
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Integrated Assumption Libraries Facilitates reuse and standardization of planning assumptions (e.g., inflation, claims frequency). |
Integrated assumption libraries are described as a best practice in product documentation. | |
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Forecast Accuracy Measurement Tracks accuracy of forecasts compared to actuals over time. |
Forecast accuracy measurement tools are provided for comparing actuals to targets/forecasts. |
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Customizable Financial Models Allows users to create or modify financial models specific to the insurance business. |
Customizable financial models are a fundamental function of Adaptive Planning. | |
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Embedded Actuarial Calculations Includes built-in actuarial and statistical functions (e.g., loss triangles, reserving models). |
No information available | |
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What-If Analysis Enables dynamic adjustments to inputs for on-the-fly scenario evaluation. |
On-the-fly what-if scenario adjustment is described as a leading feature. | |
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Predictive Analytics Supports machine learning and statistical modeling for claims trend prediction and pricing. |
Predictive analytics is a major marketing feature (supports some ML/statistical models). | |
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Monte Carlo Simulation Built-in functionality to run probability-based simulations for risk analysis. |
No information available | |
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Sensitivity Analysis Ability to test and visualize the impact of changing key input variables. |
No information available | |
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Model Calculation Speed Average time required to run a complex model. |
No information available | |
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Model Library Provides a library of prebuilt models for insurance (e.g., cash flow, solvency, premium projection). |
Collection of prebuilt financial/planning models provided for various industries, including insurance. | |
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Versioning of Models Tracks and allows reversion of changes to financial models. |
Model versioning is part of the platform's control structure. | |
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Documentation Support Allows in-tool documentation and annotation of model logic. |
In-tool documentation and annotation is supported for formulae and logic. | |
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Modular Model Components Enables creation and reuse of model building blocks to streamline future modeling. |
Model components can be reused and modularized; described in technical docs. |
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Customizable Dashboards Users can build and personalize dashboards with charts, graphs, and KPI widgets. |
Users can build custom dashboards with a range of visualizations. | |
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Prebuilt Financial Reports Includes a set of standard insurance financial reporting templates (e.g., statutory, regulatory). |
The product offers standard financial reporting templates out-of-the-box. | |
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Ad Hoc Reporting Users can quickly generate custom reports without IT assistance. |
Product supports ad hoc report generation for non-technical users. | |
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Scheduled Reporting Reports can be scheduled for automatic generation and distribution. |
Reports can be scheduled for auto-generation and distribution. | |
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Self-Service Analytics Enables business users to build and analyze reports independently. |
Enables self-service analytics for business users. | |
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Data Export Formats Supported number of export formats (e.g., PDF, Excel, CSV, XML). |
No information available | |
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Interactive Visualization Tools Includes tools for interactive data exploration (e.g., drilldowns, filters). |
Interactive data exploration (drilldowns, filters) is present in dashboard and reporting tools. | |
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Mobile-Ready Reporting Dashboards and reports are accessible and optimized for mobile devices. |
Adaptive Planning dashboards are mobile optimized; confirmed in online documentation. | |
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Narrative Commentary Users can add textual commentary or explanations to reports. |
Narrative commentary can be added to reports and dashboards. | |
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Role-Based Report Access Controls who can view, edit, or share reports based on user roles. |
Role-based report access control is included as part of permissions framework. | |
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Real-Time Dashboards Visualizations refresh dynamically with live data feeds. |
Real-time dashboards are mentioned as a major capability through integrated live data feeds. |
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In-Platform Messaging Facilitates direct communication among users within the application. |
No information available | |
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Task Assignment & Tracking Enables tracking and delegation of tasks involved in planning and analysis cycles. |
Task assignment and tracking included in collaboration tools. | |
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Approval Workflows Configurable multi-step approval processes for budgets and forecasts. |
Supports configurable approval workflows for budgets and forecasts. | |
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Change Notifications Automated alerts and updates for key events or submissions. |
Automated change notifications are supported for workflow events. | |
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Concurrent Editing Multiple users can edit budgeting or forecasting documents at the same time. |
Supports concurrent document editing by multiple users. | |
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Commenting & Annotations Users can comment on specific cells, reports, or model assumptions. |
Commenting and annotation functionality available in collaborative planning modules. | |
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Collaboration Audit Log Tracks all user actions and collaboration events. |
Collaboration audit logs are maintained for compliance and tracking. | |
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Workflow Template Library A set of prebuilt workflow templates for insurance FP&A processes. |
No information available | |
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User Activity Dashboard Provides a summary of current user assignments, approvals, and tasks. |
User activity dashboards are available summarizing assignments and workflow status. | |
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Time to Approve Workflow Step Average time it takes for approval workflows to be completed. |
. | No information available |
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Data Encryption All data is encrypted both at rest and in transit. |
Data encryption at rest and in transit is specifically mentioned as standard. | |
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Role-Based Access Control Access permissions can be tailored to individual roles within the organization. |
Role-based access control is a key security feature. | |
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Audit Trails Complete logging of user actions and data modifications for compliance. |
Audit trails are comprehensive, kept for compliance and internal tracking. | |
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Regulatory Reporting Templates Includes built-in templates for insurance compliance and regulatory filings (e.g., IFRS 17, Solvency II). |
No information available | |
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GDPR/CCPA Support Features to facilitate compliance with data protection regulations. |
GDPR compliance and CCPA support are specifically stated in Workday/Adaptive Planning security materials. | |
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Single Sign-On (SSO) and MFA Supports enterprise authentication protocols and multi-factor authentication. |
Supports single sign-on (SSO) and multi-factor authentication (MFA) with enterprise protocols. | |
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Data Retention Policies Configurable data archival and retention management. |
Supports configuration of data retention and archival policy. | |
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Penetration Testing Frequency How often the system undergoes security penetration testing. |
No information available | |
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User Session Timeout Controls Customizable inactivity timeouts for user sessions. |
Session timeout configurations described in administration docs. | |
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Incident Response Procedures Documented procedures for managing security breaches. |
Incident response procedures documented for Workday/Adaptive Insights. | |
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Data Residency Options Ability to select data storage in specific geographic regions. |
Can select region for data residency, with global data center options. |
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Claims Forecasting Tools for projecting future insurance claims based on trends and actuarial data. |
No information available | |
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Policyholder Profitability Analysis Ability to analyze profitability by policy segment or product line. |
No information available | |
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Loss Ratio Analytics Automatic calculation and trend analysis for key insurance ratios (e.g., loss, expense, combined). |
No information available | |
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Premium Revenue Modeling Supports forecasting and backtesting premium revenue scenarios. |
No information available | |
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Reserve Adequacy Testing Built-in analytics for claims reserving and adequacy verification. |
No information available | |
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Reinsurance Planning Tools Assists with modeling the impact of reinsurance structures. |
No information available | |
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Compliance with Insurance Accounting Standards Includes logic for accounting under statutory frameworks. |
Supports compliance with relevant accounting standards (e.g., statutory logic for insurance), according to product documentation and insurance case studies. | |
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Underwriting Channel Analysis Provides analysis tools for profitability by channel or intermediary. |
No information available | |
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Policy Lifecycle Modeling Models full policy life from quote to claim, renewal, or lapse. |
No information available | |
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Integration with Actuarial Tools Can be connected to external actuarial systems (e.g., Moody's Analytics, Milliman). |
No information available |
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Intuitive User Interface Designed for easy navigation, with consistent layouts and terminology. |
User interface is praised as intuitive, with customizable navigation and consistent layouts. | |
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Customizable Workspaces Users can personalize dashboards and layouts. |
Workspaces (dashboards and screens) are user-customizable according to user role and preference. | |
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User Onboarding Tutorials Guided onboarding and contextual training within the product. |
Product includes guided onboarding tutorials and contextual help. | |
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Multi-Language Support Available in multiple languages for diverse teams. |
Multi-language support is available for global teams, indicated in product and vendor docs. | |
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Accessibility Compliance Complies with common accessibility standards (e.g., WCAG 2.1). |
Adaptive Planning states compliance with accessibility standards in its product accessibility statements. | |
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In-Tool Help & Documentation Comprehensive, searchable help resources available within the application. |
Offers in-tool searchable documentation and contextual help. | |
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Average User Task Speed Mean time required to complete common tasks (e.g., running a forecast). |
No information available | |
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Error Message Clarity Clear, actionable feedback when issues occur. |
Error messages are contextual and clear, according to the product's user experience guidelines. | |
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Bulk Data Update Tools Efficient interfaces for updating large datasets. |
Interfaces for bulk data update/import are supported in admin and integration modules. | |
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Keyboard Shortcuts Keyboard-based navigation and command options. |
Keyboard navigation and shortcuts are mentioned in accessibility documentation. |
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Cloud-Based Deployment Offered as a fully managed SaaS solution. |
Cloud-based SaaS is Adaptive Planning's primary deployment model. | |
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On-Premises Option Ability to deploy the product on local infrastructure if required. |
No information available | |
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Multi-Tenancy Can securely host multiple business units or legal entities within a single platform. |
Platform supports secure multi-tenancy for large enterprises. | |
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Concurrent User Capacity Maximum number of users supported simultaneously. |
No information available | |
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Geographic Data Centers Number of global data center locations for redundancy and compliance. |
undefined Adaptive Planning is hosted on multiple cloud data centers globally via Workday infrastructure. |
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High Availability Uptime Service level guarantee for platform uptime. |
No information available | |
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Disaster Recovery Features Tools for automatic failover and data recovery. |
Disaster recovery and business continuity is covered by vendor SLAs and documentation. | |
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Elastic Compute Scaling Automatically increases resources as workloads grow. |
Elastic scaling is part of the managed SaaS cloud platform. | |
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Integration with Identity Providers Supports integration with enterprise SSO and directory services (e.g., Active Directory, Okta). |
Integration with identity providers including SSO directories is supported. | |
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Mobile & Tablet Compatibility Works fully on mobile and tablet devices for remote or field staff. |
Mobile and tablet compatibility is claimed, dashboards adjust for mobile devices. |
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Open API Availability Comprehensive, documented APIs for extending or integrating the platform. |
Open API available for integrations and data extraction. Documented in developer portal. | |
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Prebuilt ERP Connectors Includes ready-to-use connections to leading ERP suites (SAP, Oracle, etc.). |
Several prebuilt ERP connectors available (SAP, Oracle, and others). | |
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Plug-In Framework Supports custom plug-ins for bespoke functionality. |
No information available | |
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Integration Monitoring Dashboard Monitors and reports on the status of all integrations. |
Product provides dashboard for monitoring integration status/errors. | |
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Custom Scripting/Logic Support Allows users to write custom scripts for data transformation or business logic. |
No information available | |
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Webhook Support Can trigger and respond to webhooks for event-based integration. |
No information available | |
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Marketplace for Add-Ons Access to a library of certified extensions or partner apps. |
No information available | |
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Integration Throughput Maximum supported transactions between systems per minute. |
No information available | |
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Legacy System Support Can connect and synchronize with older on-premises or mainframe systems. |
Legacy system connection is available via APIs or flat file import/export. | |
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Custom Notification Channels Allows integration with external messaging or notification platforms (e.g., Slack, Teams, email). |
Integrates with messaging platforms for custom approval/notification channels. |
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24/7 Support Availability Round-the-clock technical and user support access. |
24/7 customer and technical support is advertised by the vendor. | |
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Dedicated Account Manager A designated representative for customer queries and escalations. |
Each account is assigned a dedicated account manager for enterprise customers. | |
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Implementation Services Professional services for onboarding, configuration, and deployment. |
Vendor offers professional implementation services for onboarding/configuration. | |
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Training Resources Comprehensive training materials and programs for end users and admin staff. |
Comprehensive training resources and programs are highlighted on the website. | |
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Community Forums Access to online user communities for peer support. |
Online community forums are available for end users and admins. | |
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Service Level Agreements (SLAs) Guaranteed response and resolution times for support issues. |
Service level agreements (SLAs) are part of the vendor customer contract according to support pages. | |
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Supported Languages Number of available support languages. |
No information available | |
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User Conference & Webinars Periodic conferences and webinars for product updates and best practices. |
User conference and webinar offerings are listed on the vendor event calendar. | |
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Feedback & Enhancement Channels Structured method for users to submit product feedback or feature requests. |
Users can submit feedback and feature requests via structured channels. | |
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Vendor-Managed Upgrades Regular updates and upgrades are managed by the vendor. |
Vendor-managed upgrades and updates are part of SaaS delivery. |
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