Today, Amalgam Insights has published the following Analyst Insight: The Decision to Replace Legacy Planning Solutions with Workday Adaptive Planning. This report explores the decisions of eight Workday Adaptive Planning customers interviewed in 2022 to understand why companies chose to switch to Workday Adaptive Planning from another financial planning and budgeting solution.
The decision to choose a planning, budgeting, and forecasting solution is a complex one in 2023 as we have had to adjust to the challenges of more agile planning cycles using a wide range of data, the shift from purely financial planning to a broader array of business planning demands, as well as the need to create more scenarios based on the wide variety of potential business drivers and outcomes that are now potentially anticipated. Planning is treated less as a fixed, deterministic exercise and increasingly as a stochastic and broadly variable process that is ongoing and continuous.
In that light, when does it make sense to consider another planning solution? Our research shows that the following traits were most common in organizations that ended up switching to Workday Adaptive Planning.
To learn more about why these traits showed up and the best practices that these companies discovered for making a solution change for a technology used to support executive demands and managing the cash flow lifeblood of the company, visit the Workday website for a free copy of the report.
This report is also available for purchase on the Amalgam Insights website.