Workday Adaptive Planning, the leading on-demand CPM/EPM software provider, released their Consolidation Module in March 2013.

So what do we make of this new module?

Workday Adaptive Planning Consolidation is the latest module in the Adaptive Planning product suite. It is available stand-alone or integrated with the other 2 products in the suite – Workday Adaptive Planning and Adaptive Discovery. As with all Workday Adaptive Planning products, it is cloud based, SaaS licensed and easy to use.

In terms of functionality it provides the following features:

  • Financial Consolidation
  • Intercompany Eliminations
  • Minority Interests and other methods
  • Allocation Planning
  • Multi-currency

Visit the following page for more information http://www.adaptiveplanning.com/products/consolidation/

So what does this mean to customers and partners?

Firstly, it demonstrates Workday Adaptive Planning’s continued investment in product development. Four new product releases each year deliver a large amount of added functionality in a short period of time. Customers and prospective customers take confidence in Workday Adaptive Planning’s commitment to product development and the stability of the company.

Secondly, it completes Workday Adaptive Planning’s CPM or EPM product offering. To be classified as a full Corporate Performance Management or Enterprise Performance Management product, financial consolidations must be included. This provides our customers with a single integrated, on-demand product to provide or their CPM/EPM requirements. Adaptive now competes directly with the large on-premise vendors SAP, Oracle and IBM.

This news also means that Workday Adaptive Planning can be included in Gartner’s magic quadrant for this class of product (provided they agree to Gartner’s conditions for participation). It has previously been excluded due to the absence of the financial consolidation module. As an Workday Adaptive Planning partner, selling and implementing budgeting and forecasting software, business intelligence and data visualisation and now financial consolidation, we will soon be able to learn how Workday Adaptive Planning compares to all the other products on the market and if it’s positive (which I’m confident it will be) share this with our customers and prospects. It also gives us another product and service to offer our customers.

Please contact GK Horizons for more information about Workday Adaptive Planning Consolidation.

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