PALO ALTO, CA--(Marketwired - Apr 16, 2014) - Adaptive Insights, the worldwide leader in cloud business and financial analytics for companies and nonprofits of all sizes, has announced that DocuSign, the global standard for Digital Transaction Management, is using the Adaptive Suite to gain greater insight into key financial and sales metrics within departmental budgets throughout the company. The findings, recently published through an independent study by Nucleus Research, state that DocuSign achieved an 802 percent ROI on the investment in the Adaptive Suite within two months of use, and are saving an annual average of $269,000.
"Instead of doing analysis, Finance would spend 80 percent of their time adjusting data and structure in spreadsheets," said Mike Wong, Senior Director of Financial Planning & Analysis, DocuSign. "Contrast that with 20 percent of their time currently. That extra time is now spent helping business owners understand and scale their business efficiently."
Prior to implementing the Adaptive Suite, DocuSign relied heavily on spreadsheets for financial planning and budgeting. This spreadsheet method created several challenges for the company, including the need to consistently review and update the spreadsheets and reconcile multiple versions of plans. In order to take full advantage of upcoming growth and expansion opportunities, DocuSign searched for a new solution that could meet the following key requirements:
- Ability to streamline processes and improve decision-making
- Add visibility into bookings, resources, and revenue forecasts
- Give business owners visibility into headcount and requisition status
- Readily integrate with the company's existing human resource and finance applications
- Capacity to scale with and support DocuSign's global expansion
According to the Report, DocuSign has significantly expanded the use of the Adaptive Suite since the initial implementation to include bookings, provide forecasted revenues, and create quota builds with multiple quarter-based reporting that have helped the company to meet and exceed forecasts. Overall, Nucleus concluded that, "Deploying Adaptive Insights enabled DocuSign to driver greater visibility and productivity across the organization by providing managers and finance users with a cloud-based application that they can access from anywhere."
"We are thrilled to hear that an industry-leading company like DocuSign has received such significant value out of the Adaptive Suite, and even more encouraged by their expanded use of our solution over the last three years," Adaptive Insights CEO John Herr said. "The Nucleus Research findings are consistent with the feedback we regularly hear from word-class organizations like DocuSign, which is that Adaptive has helped them create a more collaborate, efficient organization and given greater insights into key performance metrics. Those insights lead to quicker, more informed business decisions, which is the ultimate value of Adaptive Insights."
About DocuSign Inc.
DocuSign® is The Global Standard for Digital Transaction Management™. Global enterprises, business departments, individual professionals, and consumers have standardized on DocuSign, with more than 40,000 new users joining the DocuSign Global Network every day. Today, that network includes millions of users in 188 countries. DocuSign's DTM platform is used to accelerate transaction times to increase speed to results, reduce costs, and delight customers across nearly every industry -- from financial services, insurance, technology, healthcare, manufacturing, communications, real estate, retail, and consumer goods to higher education and others -- as well as every business department, including sales, finance, operations, procurement, HR/staffing, legal, and customer support.For more information, visit www.docusign.com or call 877.720.2040. Visit the DocuSign blog at www.docusign.com/blog and follow DocuSign on Twitter, LinkedIn, and Facebook.
About Adaptive Insights
Adaptive Insights is the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes. The company's software as a service (SaaS) platform allows finance and management teams to work together to plan, monitor, report on, and analyze financial and operational performance. With capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and business intelligence, Adaptive Insights enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage. Adaptive Insights is used by over 2000 organizations worldwide, from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Vail Resorts. The company is the #1 fastest growing cloud business analytics and CPM software company on the Deloitte Technology Fast 500™ list; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in 85 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with worldwide partners including Armanino, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Insights as the NetSuite Financial Planning Module. Adaptive Insights is headquartered in Palo Alto, Calif. and is funded by Bessemer Venture Partners (BVP), Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.