SOURCE: Adaptive Planning

September 16, 2008 11:00 ET

Adaptive Planning Selected as Charter Member of Intacct-Ready Partner Program

Integration Will Enable Powerful End-to-End Solution for Managing Actual and Projected Financial and Operational Results

MOUNTAIN VIEW, CA--(Marketwire - September 16, 2008) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced that it has been selected as a charter member of the Intacct-Ready Partner Program. The newly formed initiative is designed to create an ecosystem of integrated on-demand applications that will provide a fast, easy, and low-cost approach for end customers to access best-of-breed solutions.

As part of the program, the two companies will jointly develop integration between Intacct's SaaS-based financial management and accounting applications and Adaptive Planning's on-demand budgeting, forecasting, and reporting solutions. The integrated solution will deliver powerful end-to-end capabilities that allow companies to streamline their financial management processes and drive better-informed, more strategic business decisions. With the integrated solution, finance organizations and managers throughout a company will be able to establish financial plans, manage actual financial results, report on and analyze actual versus plan performance, conduct "what-if" analyses on alternative business scenarios, and reforecast plans accordingly.

"Companies are flocking to SaaS because of the compelling business benefits it offers, but they don't want to have to compromise and be locked into a suite of average solutions from a single vendor suite," said Daniel Druker, senior vice president of marketing and business development at Intacct. "Partnerships like this one with Adaptive Planning help to take the cost and guess-work out of building an environment of best-of-breed on-demand applications."

"We are pleased to be a charter member of the Intacct-Ready Partner Program," said William A. Soward, CEO of Adaptive Planning. "Both of our companies deliver exceptional value to finance organizations via the SaaS model, and we also share a vision of the power of an integrated on-demand ecosystem. We look forward to working with Intacct and other on-demand solutions to provide even greater value to customers going forward."

Adaptive Planning, one of the four charter members of the Intacct-Ready Program, will showcase their Intacct-Ready solutions during a keynote session at the Intacct Advantage 2008 User and Partner Conference today in San Jose.

About Intacct

Intacct is a market and technology leader in on-demand financial management and accounting applications. The company's award-winning solutions are used by thousands of businesses, from startups to public companies, and are designed to improve company performance and make finance more productive. Intacct automates key business processes from order entry through cash collection and procurement through vendor payment. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Web via Software as a Service. Intacct is the only on-demand financial management solution seamlessly integrated with salesforce.com. As a company grows, Intacct's deep and mature applications, SAS 70 Type II certification, and documented processes support Sarbanes-Oxley compliance for public enterprises.

Intacct is headquartered in San Jose, California, with operations in Bangalore, India. For more information, please visit www.intacct.com or call 877-437-7765.

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand planning and reporting solutions that streamline financial processes, strengthen collaboration, and drive better-informed, more strategic business decisions in companies of all sizes. 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 streamline and elevate 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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