Latest Release of Budgeting, Forecasting, and Reporting Software Further Improves Ease of Use and Enhances Reporting and Analysis
MOUNTAIN VIEW, CA – February 7, 2007 – Adaptive Planning, the leader in collaborative business performance management (BPM) solutions, today announced Adaptive Planning 3.5, the latest release of its award-winning software. This release marks the next step in the company’s mission to provide unprecedented value to mid-market companies, with new features that further improve ease of use, reduce deployment times, and enhance reporting and analysis.
Adaptive Planning enables companies to move beyond Excel spreadsheets and improve decision making by automating their budgeting, forecasting, and reporting processes. Optimized for the needs of midsized companies, Adaptive Planning is available in three different product editions. Express Edition is a free open source version for entry-level budgeting and forecasting. Corporate Edition and Enterprise Edition are commercially-licensed versions that provide enhanced features for company-wide performance management, as well as expanded support and indemnification. The software can either be accessed as an on-demand, web-based service, or deployed on-premises in a company’s datacenter.
New features and expanded capabilities in Adaptive Planning 3.5 include:
- Get Started Wizard. This new feature provides an automated, step-by-step guide that takes new users through the process of setting up their companies’ financial models. The wizard makes it even easier for companies to transition from Excel-based budgeting, forecasting, and reporting processes to Adaptive Planning, allowing business users to get up and running with customized plans in a matter of hours.
- Dashboards and Charts. New capabilities for adding graphical dashboards and charts enable managers throughout a company to gain an at-a-glance view of their business performance, improving the timeliness and quality of decisions. Intuitive and easy to use, the dashboards and charts can be created and personalized by non-technical users, without IT support.
- Platform Refinements. Numerous refinements to the underlying Adaptive Planning platform include further support for multidimensional modeling and analysis, additional capabilities for importing and managing data, and enhanced usability features.
The new dashboards, charts, and data import capabilities are available in Adaptive Planning Corporate and Enterprise Editions. The Get Started Wizard and other platform refinements are included in all Adaptive Planning editions.
“Our research shows that companies of all sizes-and especially small and midsized businesses-continue to rely upon spreadsheets for managing key financial processes,” said Robert Kugel, Senior Vice President and Research Director at Ventana Research. “In these situations, spreadsheets waste time and often prevent companies from making these key processes more effective. Small and midsize companies have been reluctant to change because of the technical complexity of the performance management and business intelligence solutions designed for large corporate deployments. By developing solutions that are easy to deploy and use, Adaptive Planning provides an attractive alternative for midsized companies and departments of large corporations.”
“In order to make informed decisions and compete effectively, managers in every organization need timely access to key financial and operational information,” said William A. Soward, Chief Executive Officer of Adaptive Planning. “With the new dashboards, charts, and modeling features in Adaptive Planning 3.5, business users throughout a company can now access powerful tools to quickly understand and manage their businesses. With this release, Adaptive Planning brings the benefits of BPM to even more business users in the mid-market.”
Availability and Pricing
Adaptive Planning 3.5 will be available Friday, February 9. All Adaptive Planning customers will receive the new features at no charge as part of their annual subscriptions. On-demand customers will be automatically upgraded, while Adaptive Planning’s client services team can assist on-premises customers with the upgrade.
Users of Adaptive Planning Express Edition can download and install the new release of the application from www.adaptiveplanning.com/download. Companies that are interested in evaluating the features of Adaptive Planning Enterprise Edition can register for a free on-demand trial at www.adaptiveplanning.com/trial.
About Adaptive Planning
Adaptive Planning is the leading provider of collaborative business performance management (BPM) solutions. Adaptive Planning makes it easy for midsize companies and departments of larger corporations to move beyond spreadsheets and improve decisions by automating their budgeting, forecasting, reporting and analysis. Adaptive Planning provides extraordinary flexibility and value, with on-demand and on-premises solutions, open source and commercial licensing terms, and pricing-including a free version of the product-that delivers a total cost of ownership that is a fraction of the cost of traditional BPM and business intelligence software. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.
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