SOURCE: Adaptive Insights

Adaptive Insights

March 19, 2015 08:00 ET

Adaptive Insights Turns Pinsent Masons' Finance Team From Scorekeepers to Strategic Business Advisors

Pinsent Masons Cuts Time to Month-End Close by Over 50 Percent, Freeing Up Team to Analyze

PALO ALTO, CA--(Marketwired - Mar 19, 2015) - Adaptive Insights, the worldwide leader in cloud corporate performance management (CPM) and business intelligence (BI) for the biggest brands and the hottest companies, today announced the success that prestigious global law firm, Pinsent Masons, has achieved by adopting Adaptive Insights' flagship Adaptive Planning solution. By slashing the time it took to complete its monthly close, the finance team has been able to turn its attention to analysis and become vital strategic business advisers within the organization.

"Finances are a crucial element to any business decision, and Adaptive Insights has ensured our data and systems run seamlessly together," said Andrew Brett, Financial Accounting Manager at Pinsent Masons. "We have been able to transform the speed, accuracy and agility of our decision-making. Even better, with the time savings, ease of analysis and the scale of consolidation achieved using Adaptive, we've gone from scorekeepers to strategic business advisors."

Following a merger that increased the company's size by a third, Pinsent Masons needed to consolidate two general ledgers as well as a number of practice management solutions to get a complete view of the business. Thanks to Adaptive, it has been able to achieve a full multi-dimensional view of the business, while being able to drill down by division and view numbers in local currency and language.

Pinsent Masons has seen significant benefits from Adaptive's flagship solution. Not only has it been able to remain compliant throughout the merger, but also save substantial time. While 90 percent of the finance team's time -- equivalent to 15 days -- was previously required to find the numbers for the monthly close, with Adaptive Planning, preliminary reports are generated in a single day, with error-free reports completed in just two or three days. Adaptive offers more accurate and timely information and frees up time for the finance team to focus on more strategic initiatives relating to cash flow and balance sheet forecasting. Instead of just keeping score, the finance team is now providing guidance to the firm's senior management team on the impact of longer term investments in IT, real estate and personnel. 

"We're proud to have supported Pinsent Masons during such a crucial time in its development as a company and beyond," said Ian Preston, VP sales, UK & Ireland for Adaptive Insights. "It's important that finance teams play a more prominent role in business transformation. Through better information and more agile processes, finance teams can derive projections and make decisions in full confidence of the consequences -- leading to healthier, more prosperous business outcomes."

About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud corporate performance management (CPM) and business intelligence (BI). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, reporting, consolidation, dashboards, and business intelligence 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 2,500 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, read our Adaptive Insights Blog, and follow Adaptive on LinkedIn, Twitter, Facebook, and YouTube.

About Pinsent Masons

Pinsent Masons is a fast growing UK headquartered law firm with global operations. It has annual revenue of in excess of £320 million and more than 2,500 employees worldwide. Its clients include some of the most significant players in the global energy, infrastructure, financial services and advanced manufacturing and technology sectors. The firm prides itself on an innovative approach to doing business.

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