SOURCE: Adaptive Planning

March 04, 2009 08:00 ET

BPM Industry Report and Survey Affirm Adaptive Planning as SaaS Leader

Adaptive Planning Only Multi-Tenant SaaS Solution Among BPM Partners' Core Vendors as Survey Respondents Reveal Strong Interest in SaaS Solutions

MOUNTAIN VIEW, CA--(Marketwire - March 4, 2009) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions for companies of all sizes, today announced that BPM Partners, a leading authority on business performance management (BPM) products and services, has once again named the company a Core Vendor in its recently released Annual Performance Management Pulse Survey and Report. Additionally, the report highlights the increasing importance of software as a service (SaaS)-based business performance management solutions, and survey responses affirm Adaptive Planning's leadership in the space.

BPM Partners awards Core Vendor status to a select group of software firms that should be considered when developing a short-list for new BPM software projects. Adaptive Planning was named a Core Vendor for the second straight year, and was the only multi-tenant SaaS provider to be included.

Widely considered the definitive barometer of the industry, BPM Partners' vendor-neutral Pulse Survey solicits responses from current prospects and customers of BPM solutions on an annual basis. To-date, over 875 people have responded to the 2009 survey.

For the first time this year, SaaS was included as a separate vendor evaluation criterion, reflecting the rapidly growing importance of the category within the performance management industry. This year's survey responses also underscore the increasing interest in SaaS solutions. According to the survey, of those that have an opinion, approximately twice as many respondents would consider a SaaS solution, and for midsized companies -- those with less than 1,000 employees -- results were more than three to one in favor of SaaS.

Adaptive Planning's customer responses further demonstrate the company's leadership. The company not only received the most SaaS-specific responses, but also the most overall customer responses -- a remarkable achievement for a private company which attests to its loyal customer base. Similarly, Adaptive Planning's customer satisfaction rating grew to 4.4 out of 5.0 this year, up from last year's rating of 4.1, which was the highest among last year's Core Vendors.

"Over the last several years we have seen a steadily increasing interest in SaaS solutions, as companies become more comfortable with and recognize the potential benefits of the on-demand model," said Craig Schiff, CEO of BPM Partners. "Adaptive Planning has continued to broaden and deepen the capabilities of their solution, and is now not only one of the more innovative companies in the BPM space, but also the leading pure play SaaS provider in the category."

"We are delighted to be named as a Core Vendor, pleased to have attracted an overwhelming number of customer responses, and proud to have further improved our customer satisfaction ratings," said William A. Soward, CEO of Adaptive Planning. "The data in this survey echoes what we're seeing: interest in SaaS-based performance management is skyrocketing, in particular because affordable, pay-as-you go, quick to deploy planning solutions are highly attractive in the current economic environment."

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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