MOUNTAIN VIEW, CA--(Marketwire - September 7, 2010) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced continuing momentum with enterprise clients. As corporate divisions and headquarters seek to more effectively manage through the challenging economy, they are increasingly turning to Adaptive Planning's cost-effective, rapidly-deployable budgeting, forecasting, and reporting solutions.
Adaptive Planning now counts over 75 enterprise organizations among its base of over 750 customers, including: AKTIO, Cengage Learning, Concur, CORT -- a Berkshire Hathaway Company, DHL Global Forwarding, Harland Clarke, Hoya Lens Australia, Philips, Konica Minolta Business Solutions U.S.A., The Mayo Clinic, Mercury Insurance Group, Pep Boys, Rich Products Corporation, Siemens Corporation, SpecSavers, Unitrin Direct and Westerra Credit Union.
In the current economy, Adaptive Planning's innovative on-demand solution is particularly attractive to enterprise clients for several key reasons. First, economic uncertainty is driving an increased need for re-forecasting and what-if analysis. A Q2 2010 poll of finance professionals conducted by Adaptive Planning and the BPI Network revealed that nearly one third of all companies -- and a full 44% of larger companies -- are now re-forecasting on a monthly or more frequent basis. In this environment, manual, spreadsheet-based planning processes are simply too cumbersome, hampering a company's ability to make the fast, well-informed decisions necessary to be competitive.
Secondly, at a time when all companies are looking to get the most out of every dollar they spend, Adaptive Planning's low total cost of ownership -- which is up to 77 percent less than on-premise solutions over four years according to analyst firm Hurwitz Group -- becomes even more broadly appealing.
And finally, Adaptive Planning offers much faster time to value than traditional enterprise software alternatives. With deployment times averaging just 12 days of consulting services, Adaptive Planning gives clients the ability to make an immediate impact on their business, which is simply impossible with traditional software applications that take six months or more to implement.
"Adaptive Planning has allowed us to decrease our budgeting cycle by a third and streamline our management reporting process," said Christopher Reale, Director of Corporate Planning & Analysis at Konica Minolta Business Solutions U.S.A., Inc. "What's more, we have been able to improve what-if analysis, and have greater visibility into line level information, so we can make better decisions as we manage the overall business. And we are able to do all this with fewer resources on the finance team."
Benefits for Adaptive Planning enterprise clients include the ability to:
- Create and analyze complex, multi-dimensional plans by product, geography, channel, customer and other factors
- Easily deliver different templates for all types of planning needs, from simple to complex
- Analyze what-if scenarios for varying levels of growth and expense
- Integrate with a wide range of ERP systems, including SAP, Oracle, Microsoft, Sage, Epicor, NetSuite and more
- Deploy quickly and broadly across multiple divisions and departments, with an intuitive user interface that is easily adopted by all types of users
"From the beginning, we have been focused on providing a powerful yet affordable and easy to use alternative to both spreadsheets and complex, costly enterprise planning and reporting software," said William A. Soward, CEO of Adaptive Planning. "With the challenging economic environment, our value proposition has become increasingly compelling for a broader range of companies. And as the economy improves, we're confident that our on-demand solution will remain the best approach for companies of all sizes."
Adaptive Planning continues to set the standard for on-demand budgeting, forecasting, and reporting, with the most customers (750+), most partners (200+), most awards (15 in 2009 and 2010), and highest customer satisfaction.
About Adaptive Planning
Adaptive Planning is the leader in on-demand budgeting, forecasting, and reporting solutions that streamline financial management, improve collaboration, and drive better business decisions in companies of all sizes. By offering affordable annual subscriptions and rapid implementations, and by eliminating the need for new hardware or IT support, Adaptive Planning makes it easy to move beyond spreadsheet-based processes without the cost and complexity associated with traditional business intelligence (BI) and business performance management (BPM) applications. Available both on-demand and on-premise, Adaptive Planning allows finance leaders and management teams to make better-informed decisions, execute with agility and discipline, and ultimately improve competitiveness. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.
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Media Contacts:
Gabe Kaufman
GlobalFluency
650-433-4163