Engine Yard Taps Adaptive Planning to Monitor Business Growth With Greater Efficiency and Insight

PALO ALTO, CA--(Marketwired - Nov 20, 2013) - Adaptive Planning, the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes, today announced that Engine Yard, the leading Platform as a Service (PaaS) used for planning, building, deploying, and managing Cloud applications, has implemented Adaptive Planning and Adaptive Discovery to improve performance management, automate plans and visualize KPIs. Engine Yard uses Adaptive Planning's intuitive planning and forecasting features to create accurate and efficient reports and to improve insight into overall business performance.

Engine Yard is a fast growing global company enjoying tremendous success with thousands of customers ranging from web startups to Fortune 500 companies. The company needed a flexible financial planning solution that could change and evolve as the business grew. Rick Smith, FP&A manager at Engine Yard chose Adaptive Planning because of the solution's modeling flexibility, intuitive end-user interface, and exceptional value.

"We chose Adaptive Planning because it gave us visibility into our overall business performance. Previously, I had used an on-premises financial reporting solution; I had issues with the server implementation and had to run scripts overnight for things like currencies and creation of new departments for planning," said Smith. "Large scale assumptions and reporting changes became IT burdens, and I never had the real-time results I wanted."

Engine Yard noticed immediate results after implementing Adaptive Planning, which led to more informed decision making. The company soon added the visual analytics tool, Adaptive Discovery, to better visualize data, identify trends and adjust its business plan accordingly. Prior to Adaptive Planning, Engine Yard relied on spreadsheets for its annual budget process and had less visibility into how plans were tracking to the budget. With Adaptive Planning, the team is much more aware of each other's contributions, and can react sooner because they get daily, weekly, and monthly analytics. Engine Yard can produce financial reports on-demand, so its executive team has a better understanding of the state of the business.

"With Adaptive Planning, it's all in front of you in real time," said Smith. "When we make changes to reports or forecasts, everything is immediately updated, and we can see the instant impact. It can be frustrating for a CFO if the finance department says one thing about a statistic or metric, while the marketing department says something different, based on another data source. We now have one view of the data, provided by Adaptive Planning."

"Engine Yard is a great example of how a company using our solution can transform the financial planning process into a team sport that leads the business," said John Herr, CEO of Adaptive Planning. "We're proud to help our customers better visualize data, identify trends and adjust their business plan accordingly across all departments within a company."

Today, Engine Yard uses Adaptive Planning software to automate its cutting edge business model with cash outflows around vendor transactions, cloud metering expenses, workforce planning and department spend, and capital budget expenses. Adaptive Planning is its primary reporting tool, and the finance team has broadened its analysis capabilities by incorporating usage stats, customer information, and cash flow into forecasts and reports. The team's collaboration has also improved.

Click to Tweet: @engineyard Improves Efficiency and Insight with @AdaptivePlans #BI #CFO #SaaS #PaaS http://bit.ly/1jktnDU

About Engine Yard
Engine Yard is the leading Platform as a Service empowering developers to plan, build, deploy and manage applications in the cloud. Providing unmatched control and choice, Engine Yard delivers a trusted, complete application cloud and expert developer support that enables organizations to focus on creating great applications, instead of managing their platform. Thousands of customers in 58 countries, from explosive-growth Web startups to Fortune 500 enterprises, run on Engine Yard. Headquartered in San Francisco, Calif., Engine Yard is backed by Benchmark Capital, New Enterprise Associates, Oracle and Amazon.

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 1,800 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 in independent industry surveys. With customers and partners in over 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.