06/04/2008

Adaptive Planning introduced a product release integrating collaboration and community capabilities that enable finance teams and business managers to improve organizational alignment, access and share best practices financial information, and drive strategic business decisions.

ebizQ received the following:

Adaptive Planning 5.0 delivers new features that bring additional power, flexibility, and simplicity to planning and reporting processes, while establishing the first financial management system to integrate both private team collaboration capabilities and a public best practices community.

Adaptive Planning 5.0 presents a new opportunity to tap into “connected intelligence” – the enormous pool of shared knowledge and insight that exists among employees within organizations and between financial professionals worldwide. A recent study conducted by the company in conjunction with the BPM Forum revealed that financial decision makers at large and mid-sized companies believe lack of collaboration among participants is the number one obstacle to better financial planning and reporting.

Adaptive Planning 5.0 tightly integrates new collaboration capabilities, including discussion forums, online documents, project management and more, into planning and reporting processes, facilitating deeper and more transparent communication about key business decisions. The new offering also enables users to engage with other financial professionals and access best practices and benchmarking information via a unique public online community.

“I find the collaboration and community elements that Adaptive Planning is delivering to be extremely powerful,” said Sean Kelly, Director of Finance and Administration, Purolator USA, a current member of the community and an Adaptive Planning customer. “The ability to more easily share information throughout my company, and to connect with peers and access best practices information online, has enormous potential, and I’m encouraged by what I see so far.”

“We hear from many companies that are interested not only in increasing the efficiency of their financial processes, but also in driving organizational change and adopting best practices that deliver greater strategic value,” said William A. Soward, President and CEO of Adaptive Planning. “By continuing to improve the core features of our on-demand planning and reporting solution, and by adding collaboration and community capabilities, we are addressing the full range of companies’ needs. What’s more, by better connecting teams and experts across the globe, we are introducing the ‘wisdom of the crowds’ to the world of finance.”