News
FOR IMMEDIATE RELEASE
Available Today — Adaptive Planning Release 1.5 — A Powerful and Easy-to-Use Budgeting and Planning Application for the Mid-Market
MOUNTAIN VIEW, Calif. — September 29, 2004 — Adaptive Planning, a provider of hosted budgeting, planning, forecasting, and reporting solutions, today announced the availability of Adaptive Planning 1.5. Targeted at mid-market companies, Adaptive Planning enables financial teams to escape the limitations of spreadsheets and gain far better visibility into their businesses through powerful financial tools, collaborative planning capabilities, and improved communication between departments. Adaptive Planning delivers powerful features for improving business performance, such as rolling forecasts and what-if scenario analysis, but as a hosted application it is far easier to implement, use, manage, and grow than traditional software solutions.
"As a former CFO, I understand the needs of corporate finance executives who demand a powerful yet simple to use solution that will give them greater insight into their businesses," said Robert S. Hull, CEO and founder of Adaptive Planning. "Adaptive Planning has been designed from the ground up to provide finance executives with all the budgeting, planning, forecasting, and reporting functions they need to react quickly to changing business conditions. As a result, they'll spend more time understanding their businesses and less time manipulating spreadsheets - without the need for capital investment or expensive IT resources. "
Easy to Use, Quick to Implement, Affordable
Adaptive Planning is easy to implement and use, despite powerful features usually found only in high-end enterprise software packages. The service requires no hardware or software installation, and no maintenance or licensing fees, so companies can get up and running quickly. Annual fees are low and customers can cancel the service at anytime.
Easy to Budget, Plan, Adapt
Adaptive Planning has a spreadsheet-like interface that is easily configurable, with formula-based capabilities that allow for powerful yet simple model building. The formula-based modeling capability exists within a series of core financial model elements, including sales plans, personnel, expenses, capital, balance sheet, profit and loss, and other non-financial metrics. As a result, companies can quickly develop a complex budget or forecast model and can easily modify their model to adjust to changes in their business, such as the addition of a new product line, a new department, or a new office.
Easy to Manage, Collaborate
The web-based architecture of Adaptive Planning provides anytime, anywhere access to real-time information while promoting greater collaboration among planning participants. The RDBMS (relational database management system) data structure creates a single repository for all planning data, which eliminates the need to manage multiple spreadsheets and consolidate data. Collaborative budgeting and forecasting has never been easier.
Powerful Reporting
Adaptive Planning includes standard financial reports along with ad-hoc report writing capabilities. The centralized reporting environment eliminates the need for cumbersome report distribution, and reports are always based on the most up-to-date data.
About Adaptive Planning
Headquartered in Mountain View, CA, Adaptive Planning offers a powerful hosted solution for budgeting, planning, forecasting, and reporting. Built for mid-market companies, its easy-to-implement and easy-to-use web-based collaborative modeling environment provides greater visibility into financial and operational performance. Adaptive Planning helps businesses improve planning efficiency through enhanced collaboration, the elimination of errors, high user adoption, and rapid deployment - giving businesses the ability to react quickly to their changing environments. Unlike spreadsheet-based budgeting solutions, Adaptive Planning's centrally managed, database-driven architecture delivers enterprise-class performance in an affordable, low-risk model. Adaptive Planning is sold direct, as well as through a channel of business partners focused on the mid-market. For more information on Adaptive Planning, please visit www.adaptiveplanning.com or call (650) 528-7500.###