MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–June 26, 2006–Adaptive Planning, the leading provider of collaborative performance management applications, today announced Adaptive Planning(TM) 3.0, the latest version of its flagship solution that empowers business users throughout a company with the financial and operational information they need to make better business decisions. Offering numerous features and enhancements that improve performance and ease-of-use, along with new options that make it especially well-suited for midsized companies, Adaptive Planning 3.0 delivers on the promise of providing “Insight for All” within today’s companies.
Adaptive Planning surpasses traditional ways of managing financial and operational processes by offering the flexibility of spreadsheets along with the structure and process of enterprise business intelligence applications. Adaptive Planning provides unprecedented capabilities for business users to not just access, but truly interact with, company data–transforming incomplete information into meaningful business insights. Using an intuitive point-and-click interface, financial and operational managers throughout a company can work directly with a shared business model that provides a single version of the truth. They can enter new data, modify formulas and assumptions, create new customized metrics, and analyze the resulting information through sophisticated dashboards and reports. The result is a powerful–yet remarkably easy to use–solution that enables individuals to better manage their business.Version 3.0 of Adaptive Planning builds on its core benefits by offering a number of new features and enhancements, including:
— Interactive Modeling–a hallmark of the Adaptive Planning suite, this capability has been enhanced with new capabilities that further support the ability of end-users to access, create, analyze, and share information throughout a company;
— New Dashboards–providing a graphical, at-a-glance view of key business metrics across teams, departments, business units, or the company;
— Enhanced Reporting/Analysis–enabling sophisticated analysis of business performance by slicing-and-dicing information to compare actual, budget, and forecast results across dimensions such as customer, product, and region. Users can not only perform drill down analysis, but also create reports in published, ad hoc, or self-service versions;
— Pre-Defined Metrics–offering preset, key performance metrics such as customer profitability, order to cash, and billings, bookings, and backlog, that immediately deliver the information most often needed to manage a business;
— Budgeting and Forecasting–enhanced with new functionality, such as annotations, workflow, and wizard-driven interfaces. Budgeting and forecasting capabilities enable companies to not only understand historical performance, but also plan for future results;
— Model Manager–updated to facilitate additional control over financial models, organizational structures, access rights, and much more.
“The mission of Adaptive Planning is to democratize access to information within a company, empowering employees to make better business decisions. We believe Version 3.0 delivers these capabilities to an even broader range of users,” said William A. Soward, chief executive officer of Adaptive Planning. “With its new features, single-click deployment options and flexible pricing, Adaptive Planning 3.0 truly provides ‘Insight for All’.”
“In our business, managers throughout the company need to be fully involved in financial processes,” said Ian Miller, senior director of financial planning and analysis, Healthways, Inc., an Adaptive Planning customer. “We look forward to using the interactive modeling and dashboards in Adaptive Planning 3.0 to further drive self-service reporting and analysis throughout our entire organization.”
Optimized for the Mid-Market
With the debut of Version 3.0, Adaptive Planning is even better suited to the needs of midsized companies. Previously available exclusively as an on-demand solution, Adaptive Planning is now also available on-premise. A one-step, wizard-driven download/install procedure makes Adaptive Planning the only “One-Click Business Intelligence” solution on the market today.
To further address the needs of mid-market users who need to rapidly deploy a high-value performance management solution, Adaptive Planning 3.0’s pre-defined metrics offer an out of the box approach for quickly assembling the key information that midsized companies need to manage their businesses. Finally, the affordable pricing of Adaptive Planning’s product bundles, support packages, and fixed-price professional services engagements gives growing companies a cutting edge solution at a fraction of the cost of enterprise business intelligence (BI) and business performance management (BPM) applications.
“In today’s world, customers are no longer satisfied with ‘one size fits all’ software–they want solutions that meet their specific needs,” said Tammy Hawes, president of Axis Accounting Systems, an Adaptive Planning reseller. “Adaptive Planning’s flexible on-premise option gives users more choices that can be tailored to their needs. Additionally, Adaptive Planning takes only two to six weeks to deploy, compared with the months or even years required by BI and BPM applications.”
Adaptive Planning 3.0 is available in two editions: Adaptive Planning Corporate and Adaptive Planning Enterprise. The Corporate edition provides a complete suite of performance management functionality for mid-sized companies and departments of larger organizations. The Enterprise edition provides additional capabilities, such as multi-currency management and workflow, for companies with more complex requirements or greater operational scale.
Both the Corporate and Enterprise editions are available on-demand and on-premise. All versions of Adaptive Planning are licensed on an annual basis, with subscriptions starting at approximately five thousand dollars per year. Adaptive Planning 3.0 features will be released throughout the second half of 2006, and will be made available to existing on-demand customers at no additional charge. The on-premise deployment option is available immediately.
For more about the Adaptive Planning collaborative performance management solution, go to www.adaptiveplanning.com.