SOURCE: Adaptive Insights

Adaptive Insights

May 18, 2015 08:00 ET

Adaptive Insights Announces Annual "Torchies" Award Winners to Record Customer Attendance at Adaptive Live 2015

Awards Honor Customers' Innovation, Collaboration, and Strategic Use of Adaptive's Cloud CPM Suite

PALO ALTO, CA--(Marketwired - May 18, 2015) - Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies, has announced the winners of the annual Torchie Awards, which honors Adaptive customers for excellence across key implementation and business categories. Named for the Adaptive Insights logo, the "Flame of Insights," the awards were presented at Adaptive Live 2015, the company's annual global user conference.

This year's Adaptive Live user conference marked the largest gathering of finance and business leaders to-date, attracting 1,200 participants from across the globe, who gathered in Silicon Valley to share strategies, best practices, and valuable insights. The event featured an industry-leading lineup of nearly 50 finance luminaries, keynote speakers, and customer leaders, including guest keynote Stephen Dubner, co-author of the New York Times best-selling Freakonomics series.

Check out the top highlights and insights from Adaptive Live 2015, and the 2015 Torchie Award recipients!

Adaptive Insights proudly presented Torchie Awards to the following 10 customers:

Best Sales and Revenue Analytics: A10 Networks
A10 Networks is a leader in application networking, helping organizations ensure that their data center applications and networks remain highly available, accelerated and secure. The company has implemented a daily data flow between its ERP system and Adaptive Planning and Discovery Enterprise that automatically inputs bookings, shipments, and margins, into the team's financial Adaptive Discovery dashboards. These daily updates help management understand where bookings and gross margins are trending versus targets early in the quarter, allowing sales executives around the world to optimally structure transactions throughout the quarter.

Best Intuitive Experience: Active Interest Media
Founded in 2003, Active Interest Media is a publisher specializing in "niche enthusiast magazines." The company completely self-implemented Adaptive Planning, Discovery and OfficeConnect. Starting with one seat and building out its model and dataset from the ground up, they now have rolled out to 60 users and the executive team. With Adaptive Planning, departmental managers are more active in updating plans and forecasts, all automatically rolled-up for reporting and metrics that executives use for decision-making. Additionally, Adaptive's Discovery has given the team powerful visual analytics to help people outside of finance better understand performance scorecards. This allows the leadership team to set new goals for General Managers to understand and track to, which they couldn't easily do before.

Best Planning Success: Blue Cross Blue Shield Rhode Island
Blue Cross Blue Shield Rhode Island is part of the 37 Blue Cross Blue Shield federations nationwide, helping provide health insurance to over 100 million Americans. By using a comprehensive view of historical data in Adaptive Planning to produce more well-informed financial forecasts and detailed 'what-if' scenarios, they are benchmarking against competitors' financial performance in the same field, heavily influencing future strategy. They've modeled core planning drivers for personnel, customers, and revenues, and are automatically updating forecasts according to changes in these business drivers so that company leaders are constantly making decisions using the most current analytics.

Best Suite Success: Bonneville International
Bonneville International Corporation is a media and broadcasting company. The use of Adaptive is empowering its people to have more control with self-service analysis of performance to past, present, and future plans and strategies. Bonneville has integrated Adaptive Planning and Discovery Enterprise to all the data sources needed to keep up with the velocity of new data from its multi-faceted businesses and markets. The company is refreshing a broad set of high-volume weekly reporting automatically with Adpative OfficeConnect, and is moving to quarterly rolling forecasts next year.

Best Dashboard Success: Engine Yard
Engine Yard is a San Francisco, California based company offering a cloud orchestration platform and support that allows customers to rapidly deploy, monitor, optimize and scale their applications. The company is using Adaptive Discovery dashboards beyond financial data to analyze metrics from multiple source systems such as Zuora for recurring billing, Zendesk for Support metrics and Amazon Web Services. Engine Yard has automated dashboards for Financial KPI's, Customer Analytics, Trial Statistics, Support Metrics, and Web Services Usage, which has freed up over two days per month for the team to focus on understanding what's driving the business. On an annual basis, with over 15 decision makers, this equates to over 3,000 hours that the team has to focus on strategic analysis and making well informed decisions.

Best Enterprise Deployment - International: Etihad Airways
Etihad Airways is the national airline of the United Arab Emirates. With Adaptive and its partner MIAGEN, Etihad Airways has transformed its financial planning and analysis from a finance specific process to performance management ownership organization-wide, with over 350 stakeholders across several continents. The deployment of six Adaptive Planning instances culminated in a comprehensive five-year plan that is 'business-owned' with each unit focusing on how to advance over the next five years. This includes the company's first ever five-year manpower plan that drives medium to long-term facilities and IT plans. With Adaptive, Etihad Airways eliminated three months of data aggregation, validation, and reporting work annually.

Best Reporting Success: Fairfield Residential
Fairfield is a leader in offering quality apartment living across the nation. By using Adaptive, the company can manage its extensive set of monthly presentation-quality reports, each with a branded look in a consistent format. This includes reporting for all managers, leadership team, board of directors, and ownership group. Today, Fairfield is using Adaptive OfficeConnect and seeing spectacular benefits, with reports only taking 15 seconds to produce and the 30 minutes of formatting and validating for each report it used to take has been reduced down to seconds. This has eliminated days of report building and validation work, allowing managers and the leadership team to see they're performance reporting several days sooner.

Best On-Premise Replacement: Gentiva
The Gentiva family of companies, the nation's largest provider of home health and hospice services based on revenue, provides care for more than 350,000 patients. Gentiva needed to replace its ineffective budgeting software across 400 operating locations in the U.S. Through the use of Adaptive, the company has achieved a higher degree of budget manager collaboration and engagement. Users are reporting significant time savings. The finance team's workload has been reduced by more than two months annually, with heightened productivity across finance, IT, and individual budget managers at each location. The quantified annual ROI by replacing on-premise software with Adaptive is 751%; Adaptive paid for itself within the first two months of use; and the average annual benefit in bottom line dollars is $1 million.

Financial Planning & Analysis Excellence: Mayo Clinic
Mayo Clinic is a nonprofit clinical practice, education, and research group. It is the largest integrated nonprofit medical group practice in the world, employing over 3,800 physicians and scientists, and 50,900 staff.

Best Business Impact: Montclair State University
Montclair State University is a public research university located in New Jersey. By using Adaptive Planning, the university has reduced overall application support, infrastructure costs, and provided greater flexibility and visibility of the budgeting process for all stakeholders. The school has transitioned from annual budgeting & planning with 225 participants to a more continuous planning process. The business impact of eliminating IT overhead related to a previous approach, and increased finance team and department manager productivity has yielded significant results. The investment in Adaptive paid for itself within 7.1 months, and each year they are achieving a 211% return on investment.

Tweet: Annual 'Torchies' awarded to multiple customers during largest Adaptive Live conference to date! http://ctt.ec/WZcbC+ #BeAdaptive

About Adaptive Insights

Adaptive Insights is the leader in cloud corporate performance management (CPM). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and analytics that empower finance, sales, and other business leaders with insight to drive true competitive advantage. The Adaptive Suite is sold direct or is available through Adaptive's robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, Cohn Reznick, Intacct, KPMG, McGladrey, and Plex Systems. NetSuite also offers Adaptive Insights as its NetSuite Financial Planning Module.

More than 2,600 companies in 85 countries use Adaptive Insights. These range from mid-sized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive on LinkedIn, Twitter, Facebook, and YouTube.

Contact Information