MOUNTAIN VIEW, CA--(Marketwire - October 24, 2008) - Adaptive Planning, the worldwide leader
in on-demand financial planning and reporting solutions for companies of
all sizes, today announced a new Recession Survival Kit to help finance and
executive teams quickly and successfully gain control over their financial
outlook, evaluate strategic and tactical actions and their overall cash
impact, and reset financial plans to deal with economic volatility and a
potential global recession. Complete with a 6-month software subscription,
consulting services, and user training, the solution can go live within a
week and help companies make the rapid, well-informed decisions that are
essential for managing through a downturn and ultimately strengthening
competitive standing.
The Adaptive Planning Recession Survival Kit allows finance and executive
teams to easily create and compare multiple top-down planning scenarios to
understand how changes in key drivers would impact their business. In
uncertain economic times, finance executives must quickly model scenarios
with varying levels of growth and expenditure and evaluate the impact to
cash. With the powerful "what-if" modeling offered in this package,
executives can analyze how varying sales volumes, expense levels, capital
expenditures, and other operational considerations would impact cash flow
by modeling their income statement, balance sheet, and cash flow
statements, allowing them to make rapid and thorough operational decisions.
In addition, this package allows executives to quickly obtain visibility
into revenue and expense forecasts by capturing collaborative, real-time
inputs from managers throughout a company. For example, companies can poll
their sales organizations for up-to-the-minute perspectives on pipelines,
or gather input from cost center managers on opportunities for further
expense reductions.
"In a recession, superior financial planning and management are required
for survival. Normal planning cycles are thrown out the door and rapid
scenario analysis becomes essential," said William A. Soward, President and
CEO of Adaptive Planning. "The Recession Survival Kit can be up and
running within a week, allowing financial professionals to take immediate
control over their financial future. With this new package, finance
organizations and executive teams can be more proactive, and will be more
likely to prosper in a challenging environment."
The Recession Survival Kit is delivered as an on-demand solution, providing
financial executives with a rapidly deployable, affordable, scalable, and
low risk financial modeling solution. With this package, organizations can
overcome the inherent inadequacies of spreadsheet-based planning and
scenario analysis, which is slow, error-prone, and non-collaborative.
"As a provider of investment solutions, our business is influenced by
macro-economic forces," said Lee Chertavian, Chairman and CEO of Placemark
Investments. "Based on recent events in the markets, we needed to create
plans for several potential economic scenarios, including re-forecasting
our overall business -- all in a very short period of time. We simply could
not have been flexible or agile enough to do this without Adaptive
Planning."
Adaptive Planning's Recession Survival Kit is priced at $9,750 and
includes:
-- 10 full user seats for Adaptive Planning Enterprise Edition software
with unlimited access to all capabilities
-- 6-month subscription
-- Top-down, driver-based integrated Financial Statements (income
statement, balance sheet and cash flow) designed specifically for your
business
-- Sales, Expense, and Capital templates to allow collaboration
-- Integration of one year of historical data and import of your current
budget data into the system
-- Ability to create unlimited scenarios
-- Comparative scenario reporting
-- Full training for Administrator users
To learn more, and for additional specifics about the package, please visit
www.adaptiveplanning.com or call +1 800 303 6346.
About Adaptive Planning
Adaptive Planning is the worldwide leader in on-demand planning and
reporting solutions that streamline financial processes, strengthen
collaboration, and drive better-informed, more strategic business decisions
in companies of all sizes. Adaptive Planning makes it easy to move beyond
spreadsheets and automate budgeting, forecasting, and reporting, without
the cost and complexity associated with traditional business intelligence
and BPM software. With free software, free trials, and both on-demand and
on-premise deployment options, Adaptive Planning provides the fastest and
easiest approach to streamline and elevate your financial management.
Adaptive Planning is headquartered in Mountain View, Calif. and can be
reached at 650-528-7500 or
www.adaptiveplanning.com.
Contact Information: Media Contacts:
Derek Kober
GlobalFluency
650.433.4233
Greg Schneider
Adaptive Planning
650.810.0525