Adaptive Planning: A Preview of What's to Come

Even while in the midst of User Experience Review, the Adaptive Planning Team made time early in March to show users a preview of the functionality they could enjoy with Adaptive 3.0, the version of Workday's budgeting software that will integrate with Workday Financials when it goes live in July 2022. 

View the preview of Adaptive Planning 3.0 in the Online Community

As many will recall, the adoption of Adaptive Planning at UVA has been a many-step process, beginning with a pilot at three schools and moving through testing, emergency adoption during the pandemic, and most recently, end-to-end testing and UER of the latest version of the software.

So what's new in Adaptive Planning 3.0?

• reference data from the HR side of the Workday platform to inform budgeting
• the ability to balance transfers across UVA based on each area's input sheet
• Multi-year Financial planning and model scenarios
• Compensation input sheets 
• Option of budgeting at the Month level
• Option for collecting internal request information for compensation and non-compensation
• and more!

Those involved in UER and viewing the preview also had the opportunity to see the new FDM functioning within Adaptive.  

There are some considerations UVA budget folks might want to keep in mind after Adaptive 3.0 goes live on July 1: 

• You'll need to add the "Transfer To/From Cost Center" and ensure that all transfers in/out are budgeted if known
• Updates to the budget will need to be made to reflect the new, more granular cost codes
• You'll need to review the initial conversion of Employee to position and update your budget as necessary for the correct Workday positions by employee
• You might need to update Function
• If a One to Many relationship in the current state prevents you mapping to FDM prior to the Freeze, you'll need to update that after go-live
• Units should maintain a list of changes since the submission of the original budget.  After stabilization post-go-live, adaptive will remain open with snapshots taken throughout the year; no changes made after a snapshot is taken will be included in that snapshot.  

The Adaptive Team and everyone who's been involved in the piloting, testing, and review processes are pretty excited about the functionality our new budgeting software provides already, and we're looking forward to sharing the "future state" version with you this July!