How does workday Adaptive planning Work?

Workday Adaptive Planning is powered by Elastic Hypercube Technology (EHT), our robust in-memory modeling engine that delivers the performance you need, when you need it. For a planning environment to thrive, it must enable business agility for all users— including those outside of finance.

Is adaptive owned by workday?

Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources , has completed its acquisition of Adaptive Insights, a leading cloud-based company for modernizing business planning.

What does Adaptive planning do?

Workday Adaptive Planning is a cloud based Corporate Performance Management (CPM) software platform which provides budgeting and forecasting, and reporting and data visualisation services to help organisations improve their performance.

Does workday own Adaptive Insights?

Workday disrupted Adaptive Insights’ IPO and bought the company for one key reason, CEOs say. Workday CEO Aneel Bhusri and Adaptive Insights CEO Tom Bogan explain how the $1.5 billion deal for Workday to buy Adaptive came to fruition so quickly.

Who owns Adaptive Planning?

Workday, Inc.
Workday Adaptive Planning/Parent organizations
Workday Adaptive Planning, formerly Adaptive Insights, is a software as a service company headquartered in Palo Alto, California founded in 2003. The company’s acquisition by Workday, Inc. was completed in August 2018.

When was workday adaptive acquired?

June 2018
In June 2018, Workday agreed to acquire Adaptive Insights for approximately $1.55 billion. In August 2018, Workday completed the acquisition of Adaptive Insights, announcing that the company would operate as Adaptive Insights, a Workday company.

Who bought workday?

Accenture
28, 2020 – Accenture (NYSE: ACN) announced it has completed the acquisition of the Workday, Salesforce and U.S. MuleSoft practices from Sierra-Cedar. Accenture on January 31, 2020 had announced its intent to acquire the practices. Financial terms of the transaction were not disclosed.

Is Adaptive Insights an ERP?

Adaptive Insights’ Business Planning Cloud is the next generation of the company’s pioneering cloud planning platform and, like its Adaptive Suite, is tightly and deeply integrated with NetSuite ERP. “We pioneered cloud planning for finance and NetSuite pioneered cloud ERP.

Why did workday acquire adaptive?

True to form, Workday is acquiring Adaptive Insights to benefit our customers. As the business environment becomes increasingly dynamic and complex, customers were asking for new ways to accelerate their finance transformations—especially in the area of financial planning related to the general ledger.

When did workday purchase adaptive?

Workday and Adaptive Insights will host a conference call to discuss this transaction at 6:00 a.m. PT / 9:00 a.m. ET on June 11, 2018.