SOURCE: Adaptive Planning

May 05, 2009 08:00 ET

Adaptive Planning Helps Top Nonprofits Plan for and Manage Through Economic Downturn

Company Delivers Powerful Yet Easy to Use Budgeting, Forecasting and Reporting Capabilities to Rapidly Growing Base of Nonprofit Customers

MOUNTAIN VIEW, CA--(Marketwire - May 5, 2009) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions, today announced that it has significantly expanded its reach into the nonprofit industry, with over forty nonprofit customers around the world. Nonprofit clients that have adopted Adaptive Planning's software range in size from community organizations to major international operations, including American Red Cross (multiple chapters), Catholic Charities USA, Goodwill Southern California, Rotary International, San Francisco Ballet, Sense, and YMCA (multiple chapters).

While funding is down in the nonprofit sector, demand for services is up, resulting in greater pressure on financials and an increased need for nonprofit finance organizations to be able to recognize, analyze, and respond to changing economic conditions in real-time. Software as a service (SaaS) financial planning applications such as Adaptive Planning are becoming more and more appealing to nonprofits in this challenging economy due to their affordability, speed of implementation, and ease of use -- particularly important factors when non-financial budget managers and volunteers participate in the organization's budgeting, forecasting, reporting, and analysis.

"Adaptive Planning has allowed us to make significant improvements in our financial management by streamlining our planning and reporting methods," said Jonathan Martin, Budget Manager, Goodwill Southern California. "It's now much easier to involve a broad set of participants in our forecasting and reporting, which has enabled us to gain a more accurate, real-time perspective on our financial outlook, and to more easily create and evaluate what-if scenarios. With Adaptive Planning, we are much better equipped to make the tactical and strategic decisions necessary to navigate tough economic times."

Adaptive Planning's solutions address the key challenges that nonprofit organizations face in their budgeting, forecasting, reporting, and analysis, including:

--  Planning for and rolling up complex organizations, including multiple
    funds and programs
--  Enabling more frequent and thorough re-forecasting and what-if
    analyses
--  Allocating personnel and other expense categories across funds and
    programs
--  Enabling cross-fund reporting, CIP reporting, cross-department
    personnel reporting, and more
--  Supporting textual commentary and other non-numeric collaboration
    

Additionally, Adaptive Planning's on-demand model is ideal for nonprofits. Pricing is extremely affordable, starting at just $600 per year; no new hardware, software, or IT support is required; and the solution can be deployed in just two weeks.

Adaptive Planning's nonprofit customers are taking advantage of the most recent Adaptive Planning 5.5 application, as well as an online financial best practices community. New features and capabilities include cell notes and audit trails as well as enhanced multidimensional modeling, allocations planning, report management, international support, and an updated user interface. Additionally, version 5.5 integrates collaboration tools, including discussion forums, online documents, search, and more, directly into planning and reporting processes, bringing greater alignment, agility, and accountability to financial processes throughout the company.

Adaptive Planning 5.5 is offered via a software-as-a-service model that delivers unique value to all participants in financial processes by combining lower costs, faster deployments, greater ease of use, more transparency, fewer risks, higher customer satisfaction, and an unprecedented ability for users to connect and interact with their peers.

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand financial planning and reporting solutions that increase efficiencies and drive agile decision-making in dynamic, forward-looking companies. Adaptive Planning makes it easy to move beyond spreadsheets and automate budgeting, forecasting, and reporting, 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 provides the fastest and easiest approach to streamlining and elevating your financial management. Adaptive Planning is headquartered in Mountain View, Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.

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