SOURCE: Adaptive Planning

October 26, 2009 08:00 ET

Adaptive Planning Introduces New "QuickStart" Bundles to Help Companies Transform 2010 Budgeting and Reporting Processes

New Bundles Enable Companies to Rapidly and Affordably Transition From Outdated Spreadsheet-Based Processes to Modern Web-Based Solutions

MOUNTAIN VIEW, CA--(Marketwire - October 26, 2009) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, announced today that they have introduced new QuickStart bundles to help companies transform their 2010 budgeting process. These new offerings, which combine software licenses and QuickStart services packages at discounted prices, are designed to make it even faster and more affordable for companies to transition from outdated, spreadsheet-based planning and reporting processes to Adaptive Planning's award-winning, web-based solution.

Budgeting season is currently in full swing, and for the majority of companies that rely on spreadsheet-based planning, this year's process will once again be a slow, painful, and low-value exercise. Adaptive Planning's award-winning on-demand solution provides a fast and affordable way for companies to move beyond spreadsheets, improve the efficiency of their budgeting and forecasting, and enhance the overall strategic value of their financial planning and reporting.

The new QuickStart bundles make it easier and more affordable to transition from spreadsheets to Adaptive Planning, by combining user-based subscriptions with key training and implementation services, for an attractive price:

--  Gold QuickStart bundle includes 5 users, 25 hours of professional
    consulting services, and 1 administrative training course for up to 10
    client attendees. Price: $8,000 for Adaptive Planning Corporate Edition or
    $9,500 for Adaptive Planning Enterprise Edition.
--  Platinum QuickStart bundle includes 10 users, 52 hours of professional
    consulting services, and 1 administrative training course for up to 10
    client attendees. Price: $12,000 for Adaptive Planning Corporate Edition or
    $13,500 for Adaptive Planning Enterprise Edition.
    

QuickStart projects are designed to provide training and initial professional services to support successful self-service implementations. Each project typically includes a review of the client's existing planning model; best practice implementation recommendations to maximize the benefit to the client's budgeting, forecasting, and reporting processes; ongoing project management; and "hands on" services for key activities such as creating users and roles, setting up financial statements (income statement, balance sheet, and cash flow statement), defining key reports, and importing historical and budget data.

The need for improved budgeting and planning is significant. In a recent poll of financial professionals conducted by Adaptive Planning and the BPM Forum, fewer than one quarter of respondents described their budgeting and planning processes as "high value." At the same time, 66% said they were using spreadsheets as their primary budgeting technology. However, those who used software applications instead of spreadsheets were 63 percent more likely to have "high value" budgeting and planning processes.

"Now, with the new QuickStart bundles, companies can take the time and energy that they would have expended in updating and maintaining their outmoded spreadsheet model and instead invest resources in moving to a next generation on-demand platform," said William A. Soward, CEO of Adaptive Planning. "This will not only drive a more successful 2010 budgeting process, but will also allow them to more effectively perform monthly reporting and variance analysis, analyze what-if scenarios, and reforecast their business to reflect dynamic economic conditions going forward."

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand financial planning and reporting solutions that improve operational efficiency, strengthen companywide collaboration, and drive better business decisions in companies of all sizes. Adaptive Planning makes it easy to move beyond spreadsheets and automate budgeting, forecasting, reporting, and "what-if" analysis, without the cost and complexity associated with traditional business intelligence and BPM software. With free software, free trials, and both on-demand and on-premise deployment options, Adaptive Planning is the fastest and easiest way for finance organizations to enhance their agility and strategic value. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.

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