SOURCE: Adaptive Planning

Adaptive Planning

January 30, 2012 08:00 ET

Drobo Implements Adaptive Planning to Improve Variance Analysis and Forecasting Processes

Leader in Data Storage Implements Cloud-Based CPM Solution to Introduce Quarterly Forecasting Into Financial Management Process

MOUNTAIN VIEW, CA--(Marketwire - Jan 30, 2012) - Adaptive Planning, the worldwide leader in cloud-based corporate performance management (CPM) solutions for companies and nonprofits of all sizes, today announced that Drobo, a leader in data storage for hundreds of thousands of small and medium businesses and individual professionals worldwide, has successfully automated their budgeting and forecasting processes using Adaptive Planning.

As Drobo grew, Excel spreadsheets no longer met the needs of the finance team. The company wanted a more systemized process and brought in a consulting firm, CFO Tools, to evaluate their business and recommend a solution. CFO Tools recommended Adaptive Planning for its ease of use, affordability, and fast deployment. Now, after rolling out Adaptive Planning to the broader operation, the finance team has introduced quarterly forecasts and delivered improved analysis to the management team.

"By giving users access to the application, we are empowering them to see how their business unit, department or the overall company is performing. Unlike our previous spreadsheet-based process, we no longer have to worry about the risk of broken formulas or inaccurate data," said Danielle Murcray, CFO at Drobo.

"We now produce a better budget with Adaptive Planning," says Murcray. "In addition, we utilize the Great Plains connector for Adaptive Planning, which has significantly streamlined and simplified our variance analysis. With the connector, it takes less than five minutes to bring ERP data into Adaptive Planning -- it's pretty incredible."

"We are pleased that we have been able to help Drobo move beyond Excel and improve variance analysis and forecasting," said Greg Schneider, VP of Marketing at Adaptive Planning. "They provide an excellent example of how Adaptive Planning can help fast growing companies of all sizes create tremendous value through automated corporate performance management."

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand corporate performance management (CPM) solutions for companies and nonprofits of all sizes. Adaptive Planning's solutions allow finance and management teams to obtain real-time visibility into performance metrics, streamline financial planning and reporting, and drive better business decisions. By offering affordable annual subscriptions and rapid implementations, and by eliminating the need for new hardware and IT support, Adaptive Planning makes it easy to move beyond spreadsheet-based processes without the cost and complexity associated with traditional on-premise CPM applications. Adaptive Planning is headquartered in Mountain View, Calif. and is funded by ONSET Ventures, Monitor Ventures, Cardinal Venture Capital and Clairmont Capital.

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