Adaptive Planning Introduces New Enterprise Features With Fall 2012 Release

MOUNTAIN VIEW, CA--(Marketwire - Oct 9, 2012) - Adaptive Planning, the worldwide leader in cloud-based corporate performance management (CPM) solutions for companies and nonprofits of all sizes, today announced its Fall 2012 Release, which introduces powerful new capabilities to support collaborative planning and approval processes for companies with large and complex organizational structures. Larger organizations represent the fastest growing segment of Adaptive Planning's customer base, with 25 percent of the company's new bookings in the enterprise category. With the release, Adaptive Planning continues to optimize the experience of customers with complex models, sizeable user communities, and global organizational requirements.

Enhancements in the areas of workflow, account management, visual discovery, and support for multiple organizational structures give Adaptive Planning a further edge in the market for CPM solutions.

"As the leader in cloud-based performance management, we are able to not only innovate on an ongoing basis, but also respond quickly to requests among our rapidly expanding global enterprise customer base," said Robert Hull, Founder and President at Adaptive Planning. "The Adaptive Planning Fall 2012 Release includes a number of key improvements that help all organizations, and especially larger corporations, better collaborate, consume information, and manage complex reporting and planning scenarios."

New enhancements that make Adaptive Planning more powerful and easier to use include:

• Adaptive Discovery Enhancements broaden the capability of the company's leading data visualization solution with improved dials and chart features.
• Account Attributes support multiple rollups of account structures, and new ways of classifying and grouping accounts on reports into useful combinations for GAAP reporting.
• Workflow Enhancements provide powerful new capabilities to support collaborative planning and approval processes for entities with multiple organizations.
• Performance Enhancements continue to optimize the experience of customers with complex models, large user communities, and complex reports.
• New Organization Structure Terminology helps accommodate multiple business structures and organizations with a company.

"Over the years, Adaptive Planning has listened to all of Siemens Global Shared Services North America's feedback to help drive product enhancements," said Rob Koca, Corporate Controller at Siemens Global Shared Services North America. "As a result, we've seen several improvements and new features with each System Upgrade release. This is important for us as we need a system that keeps up with our ever evolving reporting requirements as well as the push for constant process improvements / automation. Today, Adaptive Planning makes things easier for us by actively responding to our inquiries through an online forum, email correspondence and customer support calls. We appreciate their focus on what is important to us, and this results in Adaptive Planning delivering an overall great experience."

Additional administrative features include the Adaptive Planning Support & Knowledge Base, a single destination for support tickets, documentation, recorded training, and knowledge search that is available via single-sign-on (SSO) from within Adaptive Planning. The Fall 2012 Release also includes a number of features for more personalized and customized reporting and email correspondence options.

"There is no doubt that Adaptive Planning staff listen to customer feedback. They have instituted a mechanism on their forums for customers to list and rank their suggestions. I've seen some of them implemented already," commented Bill Beers, Director, Financial Planning & Analysis at the American Academy of Pediatrics. "In addition, Adaptive Planning staff dedicated significant time at their annual symposium this summer to hearing feedback from users. It's refreshing to see a company be this responsive to its customers' needs."

The Adaptive Planning 2012 Fall Application Update is available immediately. For more information, visit: http://www.adaptiveplanning.com/uploads/docs/datasheets/AP_Fall_2012_Application_Update_screen.pdf

About Adaptive Planning

Adaptive Planning is the worldwide leader in cloud-based corporate performance management (CPM) solutions for companies and nonprofits of all sizes. The company's software as a service (SaaS) platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Planning enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.

Adaptive Planning is used by over 1,400 organizations worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. The company is the 8th fastest growing company in Silicon Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in 65 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with over 200 worldwide partners including Armanino McKenna, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Planning as the NetSuite Financial Planning module. Adaptive Planning is headquartered in Mountain View, Calif. and is funded by Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.