PowerHealth Adopts Adaptive Planning for Visual Insight, Error-Proof Monthly Reporting

PALO ALTO, CA--(Marketwired - Oct 7, 2013) - Adaptive Planning, the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes, recently announced that PowerHealth Solutions has developed a more accurate and more efficient financial budgeting and reporting process by leveraging the Adaptive Planning corporate performance management (CPM) and business intelligence (BI) suite. PowerHealth Solutions is an Australia-based software company that specializes in healthcare costing, patient billing, and patient safety solutions for hospitals and other healthcare enterprises.

"We needed a way to efficiently create and maintain monthly reports and budgets to present to our Board of Directors, complete with high-level snapshots and detailed drill-downs into our individual product offerings," said Amanda Anderson, COO of PowerHealth Solutions. Anderson was able to significantly reduce the financial budgeting and reporting portion of her role by automating both processes with Adaptive Planning.

"The implementation was seamless and the reporting templates and drill-down capabilities of Adaptive made our monthly reporting extremely efficient," Anderson added. As a result, PowerHealth can now provide its Board of Directors with easy-to-understand financial reports each month.

"We are able to produce summaries of profit and loss, cash flow, and various graphs that enable our executive team to make better and faster business decisions," Anderson said.

"We are very pleased that PowerHealth Solutions has achieved such significant reporting benefits and operational efficiency and accuracy with Adaptive Planning," said Greg Schneider, Vice President of Marketing at Adaptive Planning. "PowerHealth trusts Adaptive's technology to consistently deliver detailed, error-proof financial reporting and analytics for making key business decisions."

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About PowerHealth Solutions
PowerHealth Solutions is an Australian IT company specializing in healthcare costing, patient billing and patient safety.

With many international clients in the US, UK, Ireland, SE Asia and Middle East, the company has a very strong customer base in Australia and New Zealand, which includes public & private hospitals and State/District health departments. ISO 9001 quality-accredited since 2001, PowerHealth Solutions' web-based systems are scalable and come backed with a full range of support services. www.powerhealthsolutions.com

About Adaptive Planning
Adaptive Planning is the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes. The company's software as a service (SaaS) platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Planning enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.

Adaptive Planning is used by over 1,700 organizations worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. The company is the 5th fastest growing software company in Silicon Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction and usability in independent industry surveys. With customers and partners in 85 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with worldwide partners including Armanino, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Planning as the NetSuite Financial Planning module. Adaptive Planning is headquartered in Palo Alto, Calif. and is funded by Bessemer Venture Partners (BVP), Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.