News
FOR IMMEDIATE RELEASE
Adaptive Planning Announces Recession Survival Kit
New Offering Facilitates What-If Scenario Planning and Cash Forecasting in the Midst of Economic Volatility and Global Recession; Goes Live in Under a Week for Immediate Impact
MOUNTAIN VIEW, CA — 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 www.adaptiveplanning.com/ or call +1 800 303 6346.
About Adaptive Planning
Adaptive Planning is the worldwide leader in on-demand financial planning and reporting solutions that increase efficiencies and drive agile decision-making in dynamic, forward-looking companies. 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 streamlining and elevating your financial management. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.
Derek Kober
GlobalFluency
650-433-4233
dkober@globalfluency.com
Greg Schneider
Adaptive Planning
650-810-0525
gschneider@adaptiveplanning.com
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