Adaptive Insights Announces 2014 Annual "Torchies" Award Winners

PALO ALTO, CA--(Marketwired - Jun 12, 2014) - Adaptive Insights, the worldwide leader in cloud business analytics for the biggest brands and the hottest companies, has announced the winners of the annual Torchies Awards, honoring Adaptive customers for excellence across a number of key enterprise implementation and business categories. The awards were presented at Adaptive Live 2014, the company's annual global user conference. This year, nearly 1,000 attendees from Adaptive's 2,000+ customers in 85 countries around the world gathered at the Westin St. Francis in San Francisco to share strategies, learn best practices, and gain valuable new insights from their peers.

Adaptive Insights presented Torchies Awards to the following customers:

• Best Business Intelligence: Snap-On
  Serving customers in 130 countries worldwide, Snap-on Incorporated is a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users. Snap-On deployed an enterprise-scale BI deployment completely in the cloud with 4,200 users of Adaptive Discovery supporting Snap-On's franchisee network. With Adaptive, Snap-On is analyzing over 100 metrics across 50,000 individual products. And the result is 100% visibility of key performance indicators for 85 business teams.
  
  
• Best Adaptive Suite Deployment: Jackson Family Wines
  Jackson Family Wines is a family-owned company that crafts award-winning wines of distinct character and quality. With a focus on sustainable viticulture practices, responsible vineyard and natural resource management and unparalleled winemaking, the family's portfolio is comprised of 30 renowned wineries, including Kendall-Jackson. Jackson Family Wines selected the full Adaptive Suite of Adaptive Planning, Consolidation, Discovery, Transactions, Integration, and Reporting for expense planning, reporting and analysis. The company uses the suite to manage complexity across their organization, and was able to reduce costs, streamline workflow and gain additional visibility into transactions with the easy to use, accessible system.
  
  
• Freedom from Excel: URS Oil and Gas
  With over $1.5 Billion in annual revenue and more than 11,000 employees across 80 locations in North America divisions, URS Oil and Gas is a leading provider of an expanding range of integrated products and services for the oil and gas industry. URS Oil and Gas has deployed Adaptive Planning and Adaptive Discovery. The company previously required 200+ spreadsheets for budgeting and significant time to consolidate this financial information. Now with Adaptive, URS Oil and Gas is tracking actuals vs. plans and also performing re-forecasting in the cloud for each operating center much more frequently, quickly and easily.
  
  
• Best Business Impact: Major Medical Device Manufacturer
  With employees in 40 countries worldwide, this major medical device manufacturer is a leading innovator of medical solutions that improve the health of patients around the world. The company deployed Adaptive Planning solutions to hundreds of users across 7 plants. The company achieved nearly 300% ROI with Adaptive through greater visibility, heightened trust in financial forecasts and analysis, better audit ability, and increased employee productivity. Their Adaptive payback was less than 5 months.
  
  
• Best Financial Close: DayMen
  With three product lines, including Lowepro, Acme Made and Joby, and more than 20 subsidiaries in 11 countries, the DayMen Group is a worldwide distributor of digital and film photography supplies. Prior to Adaptive, DayMen spent several days each month consolidating over 100 spreadsheets to perform intercompany eliminations, which they now can do with a press of a button using Adaptive Consolidation. DayMen has a complex financial structure with 8 currencies and 11 operating subsidiaries. Adaptive has helped DayMen reduce the overall financial close process by four days largely by automating the elimination entries, cumulative translation adjustments and currency translations.
  
  
• Best Global Deployment: Bemis Company, Inc.
  With more than $5 Billion in annual revenue and approximately 19,000 employees, Bemis is a leading multinational supplier of packaging products and pressure sensitive materials. Bemis deployed Adaptive Planning and Consolidation across 67 locations, 10 divisions and corporate headquarters, and operates plants all over world on a P&L with Adaptive Planning and Consolidation. The company manages 20+ currencies in 12 countries. With Adaptive, Bemis has made its data dynamic -- changes made are consolidated in seconds and no longer take a full day. And Bemis is performing various "what if" analysis for tax, exchange rates and more in a fraction of the time previously required.
  
  
• Best Productivity Improvement: DocuSign Inc.
  With customers in nearly 200 countries, DocuSign Inc. is adding more than 40,000 new users to the Global DocuSign Inc. Network every day, and is the global standard for digital transaction management. By implementing Adaptive, DocuSign achieved 800% ROI and payback in just two months through greater visibility into budgets and margins across the company, increased productivity across the organization, and a reduction of additional hires that would have been required for the same level of visibility to senior staff. With Adaptive, DocuSign Inc. reduced finance time spent on planning by 60%, freeing up time to help business owners understand and scale efficiently.
  
  
• Biggest Cost Benefit: The Doe Run Company
  The Doe Run Company is a privately held natural resources company and is a global provider of lead, copper and zinc concentrates. Doe Run made the decision to go with Adaptive versus implementing a competing on-premises solution. With no IT or hardware needed, Adaptive was deployed at 10 percent of the total cost of on-premises solutions. Adaptive Planning is deployed across 4 distinct business divisions, each with its own instance, rolling up to a 360 degree view of plans, forecasts, and performance metrics. Doe Run has cut the time to consolidate its annual budget by 98%.
  
  

"At Adaptive Insights, building and nurturing strong customer relationships is fundamental to our business at every level," said Greg Schneider, Senior Vice President of Marketing at Adaptive Insights. "We appreciate the opportunity to recognize our customers' business successes, their trust in our team, and the innovative ways they are using our entire product suite. We are particularly excited about the strong customer benefits achieved with two of our newest solutions -- Adaptive Consolidation and Adaptive Discovery." 

The Adaptive Insights intuitive cloud user experience reflects Adaptive's focus on customer satisfaction. As a result, independent analyst reports across the board repeatedly rank Adaptive Insights No. 1 in customer satisfaction and user experience among cloud BI & CPM vendors. 

Adaptive Insights is experiencing tremendous market momentum overall, with a 96% year over year growth rate in new software bookings in the first quarter of 2014. Adaptive Insights surpassed the 2,000 customer milestone in the first quarter of 2014 -- which represents 5x more customers than all other cloud BI & CPM vendors combined.

About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud business and financial 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 Insights enables finance, sales and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.

Adaptive Insights is used by over 2,000 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 #1 fastest growing cloud business analytics and CPM software company on the Deloitte Technology Fast 500™ list; and ranks #1 in customer satisfaction 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 Insights as the NetSuite Financial Planning Module. Adaptive Insights 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.

For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive on LinkedIn, Twitter, Facebook and YouTube.