SOURCE: Adaptive Insights

Adaptive Insights

August 13, 2015 08:00 ET

Infoblox Plugs in Adaptive Suite to Drive Insights With Performance Metrics

Automated Network Control Leader Uses Trio of Adaptive Products for Data Accuracy and Data Analysis to Drive Strategic Insights

PALO ALTO, CA--(Marketwired - Aug 13, 2015) - Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies, today announced that Infoblox, a leading provider of network control solutions, implemented Adaptive Insights cloud-based solutions to provide critical data analysis and deliver strategic insights to better manage business expansion. Infoblox is a leader in automated network control with over 8,100 customers and operations in more than 25 countries.

A Global Finance Team Moving Beyond Excel to Adaptive Insights' Cloud-based Solution
Challenged to plan and manage the company's financial performance with a rapidly growing organization across multiple countries and local currencies, in 2010 the Infoblox finance team replaced its previous budgeting system -- built exclusively on Excel spreadsheets -- with Adaptive Planning and subsequently added Adaptive Discovery and Adaptive OfficeConnect. The goal was to find a solution to automate annual and quarterly forecast development along with monthly and quarterly reporting of actual results and to enable deeper strategic analysis without relying on manually entering and exporting data from Excel.

"Adaptive Insights has helped us automate processes and become a much more effective and efficient FP&A organization," said Jonas Hallman, Infoblox senior manager of FP&A and resident Adaptive Insight expert. "Our finance team has more time to analyze data and provide better business advice to the rest of the organization, which is critical to our company's growth."

In addition, Hallman noted that implementation of Adaptive Insight has created a more reliable and timely process for consolidating multi-currency plans and reports into a single view, and it helped the finance team keep better pace with the company's aforementioned growth including the transition to reporting as a publicly held company.

"We built our product suite to enable finance organizations to drive strategic decisions across the company, especially in times of change and evolution," said Karen Pisha, vice president of customer success at Adaptive Insights. "The Infoblox team did just that -- through its incredible revenue growth, IPO and now its next phase of growth -- underscoring the value finance teams deliver when they focus on data analysis instead of data gathering."

In a recent CFO Report, 63% of CFOs felt a lack of time for analysis due to lengthy data gathering and reconciliation was the top inhibitor to being more strategic, underscoring the importance of the data insights the Infoblox team is realizing with Adaptive Insights. Read the full case study here.

Check out the CFO Indicator results here.

Tweet: Plug-and-play leader @Infoblox plugs in @AdaptiveInsight for automated performance metrics and data-driven decision making. http://ctt.ec/9E4f5+

About Adaptive Insights
Adaptive Insights is the leader in cloud corporate performance management (CPM). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence that empower finance, sales, and other business leaders with insight to drive true competitive advantage. The Adaptive Suite is sold direct or is available through Adaptive's robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, BDO, Cohn Reznick, Intacct, KPMG, McGladrey, and Plex Systems. NetSuite also offers Adaptive Insights as its NetSuite Financial Planning Module.

More than 2,700 companies in 85 countries use Adaptive Insights. These range from mid-sized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive on LinkedIn, Twitter, Facebook, and YouTube.

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