Global Investment Firm Saves Over 30 Days of FP&A Work Annually with Adaptive Insights

AGF Management Limited Uses Rolling Forecasts and Visual Performance Dashboards to Drive ‘Course-Altering Decisions’ and Overall Business Strategy

Dec 02, 2015

Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies,

today announced that Canada-based AGF Management Limited implemented Adaptive Planning and Adaptive Discovery to instill greater productivity, strategic focus, and data integrity. AGF joins a rapidly growing list of more than 125 Adaptive Insights customers across Canada that are adopting the award-winning Adaptive Suite to drive greater insights into their businesses.

“Our focus is on delivering predictable excellence in money management to our customers, and we wanted the same level of insight and visibility for our own finance team,” said Jenny Quinn, vice president of finance and controller at AGF. “In addition to cutting one full week out of the budgeting process, we’re saving at least two days each month in FP&A work and can tell the story of what’s happening with the business across all dimensions much sooner than before with Adaptive Insights.”

AGF’s challenges in managing and identifying the critical data to deliver insights and inform their business are not unique. In the recent CFO Indicator Q3 2015 report, it was noted that nearly one-third of CFOs anticipate a 26–50% increase in the amount of data their teams will have to manage over the next five years, while more than a third of the CFOs anticipated an increase of more than 50%. As important, when asked about the important characteristics of the data, the majority of CFOs cited accuracy and integrity of the data, signaling the pressure teams are feeling as they grapple with the increase in and veracity of data today.

With over $33 billion in total assets under management and serving more than one million customers, AGF quickly outgrew spreadsheets and required a more complex solution for its budgeting, planning, and reporting. It deployed Adaptive Planning and Adaptive Discovery across the AGF finance organization, which now uses the solutions for rolling forecasts, departmental reporting, revenue drivers, monitoring financial key performance indicators (KPIs), and more. Incorporating the financial data, actuals, budgets, and forecasts from Adaptive Planning and Adaptive Discovery enables the AGF finance team to create dashboards, explore and analyze data for course-correcting actions, and perform what-if analysis on the fly. This streamlining and automation of processes saves the finance function over 30 days annually.

Dashboards Lead to Data Discovery for Finance, Marketing, Sales, and Executive Staff

To date, the AGF finance department has created several dashboards within Adaptive Discovery, each dedicated to measuring different KPIs and designed to increase necessary insight into business trends. The finance team’s functional usage of data-driven visualization fosters a culture of collaboration and cohesion, where decisions are strategic and the element of surprise has been eliminated when it comes to financial performance. To extend this success cross-functionally, the next phase of AGF’s dashboard deployment involves rolling out dashboards for marketing, sales, and senior executive staff.

“The AGF finance team is in the midst of a transformation that is having company-wide impact by moving to a data-driven culture supported by widespread use of dashboards," said Jason Sturgess, Canada area vice president at Adaptive Insights. “The implementation of Adaptive Planning and Adaptive Discovery has led to amazing productivity and time savings, and the team has gained back 30 days annually to analyze the numbers instead of crunching them, giving unprecedented insight and value to the business.”

AGF joins a growing list of Canadian customers as Adaptive Insights continues to expand its sales and support footprint across the Canadian provinces. These organizations include Business Development Bank of Canada, Corus Entertainment, Hootsuite, Mount Sinai Hospital, Pelmorex Media Inc. (The Weather Network/MétéoMédia), Siemens Corporation, The Hospital for Sick Children, University Health Network, and Yellow Pages, among many others. Adaptive Insights also recently announced data centers in Vancouver and Toronto, underscoring its commitment to data sovereignty for customers and extending its fault tolerant infrastructure. The data centers are online and supporting more than 125 Canadian customers today.

To learn more about how AGF is using Adaptive Planning and Discovery to create rolling forecasts and visual performance dashboards, read the case study.


About AGF Management Limited

AGF Management Limited is one of Canada’s premier independent investment management firms with offices across Canada and subsidiaries around the world. With over $33 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B. AGF’s products include a diversified family of mutual funds, mutual fund wrap programs and pooled funds.

About Adaptive Insights

Adaptive Insights is the leader in cloud corporate performance management (CPM). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence that empower finance, sales, and other business leaders with insight to drive true competitive advantage. The Adaptive Suite is sold direct or is available through Adaptive Insights’ robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, BDO, Cohn Reznick, Intacct, KPMG, McGladrey, Plex Systems, and Workday. NetSuite also offers Adaptive Insights as its NetSuite Financial Planning Module.

More than 2,800 companies in 85 countries use Adaptive Insights. These range from mid-sized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit, the Adaptive Insights Blog, and follow Adaptive Insights on LinkedIn, Twitter, Facebook, and YouTube.