SOURCE: Adaptive Planning

October 13, 2008 08:00 ET

Adaptive Planning Releases Version 5 of Open Source Budgeting and Forecasting Solution

Adaptive Planning Express Edition v5 Delivers Powerful New Planning Capabilities in Free Entry-Level Solution

MOUNTAIN VIEW, CA--(Marketwire - October 13, 2008) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced the availability of Express Edition version 5, the free, entry-level version of the company's award-winning budgeting, forecasting, and reporting solution. The new version, which offers a significant number of powerful, flexible, and easy-to-use features that support more sophisticated financial modeling and drive more intelligent business decisions, will help to dramatically expand the company's reach into a growing number of businesses worldwide.

Adaptive Planning Express Edition makes it easy for companies to move beyond spreadsheets and automate budgeting and forecasting. It is particularly attractive to emerging companies and organizations that want to take advantage of the sophisticated features of Adaptive Planning 5.0 at no cost, as well as those that want to test-drive the company's commercial solutions. It can be deployed as an on-premise open source application, or accessed as a hosted, on-demand service.

"The introduction of Express Edition version 5 represents an important step for our company," said William A. Soward, chief executive officer of Adaptive Planning. "With each new release of Express Edition, we continue to enhance the value that we are delivering, for free, to the open source community. Our open source applications are a significant contributor to the global demand for our solutions, and we look forward to further accelerating our momentum with this release."

Express Edition version 5 includes the following new capabilities:

--  Modeled Sheets make sophisticated modeling simple, particularly for
    planning personnel assumptions such as salaries, raises, benefits/personnel
    taxes, and other employee-based expenses. Unlike traditional business
    intelligence "cubes," Modeled Sheets are fast and easy for business users
    to set up, learn, use, and maintain.
    
--  Allocations Modeling provides greater flexibility for allocating
    personnel and other expenses across projects, funds, programs, or similar
    categories, which is essential in project-based industries such as business
    services, nonprofits, software, and pharmaceuticals.
    
--  Global Sheets capability allows departments to work together more
    closely by enabling secure access to information outside of organizational
    hierarchies.
    
--  An updated user interface makes the application even easier to use and
    more configurable for end-users.
    
--  Support for localized formatting of numbers and dates improves
    worldwide usability.
    
--  New administrative features, such as structure import capabilities,
    password management, formula assistant, and "Get Started Assistant," make
    the application even easier to set up, use, and manage.
    

Users of Express Edition also have access to new support options via a user group that is part of the company's Financial Best Practices Community. http://community.adaptiveplanning.com

Adaptive Planning Express Edition serves as an example of how open source solutions can deliver valuable business applications to a global audience. The on-premise version of Express Edition has generated over 75,000 downloads from over 85 countries to-date, and consistently places as the #1-ranked project in key SourceForge categories such as Budgeting & Forecasting and BPM software.

Express Edition complements Adaptive Planning's commercial offerings, Corporate and Enterprise Editions, which offer expanded feature sets and additional support. The commercial versions are also available both as hosted services and as on-premise open-source products.

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 midsized companies and divisions of corporations. 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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