SOURCE: Adaptive Planning

August 07, 2008 12:27 ET

Leading Manufacturers Retool Planning and Reporting Processes With Adaptive Planning

Company Delivers Valuable Budgeting, Forecasting, and Reporting Capabilities to Rapidly Growing Base of Manufacturing Customers

MOUNTAIN VIEW, CA--(Marketwire - August 7, 2008) - Adaptive Planning, the worldwide leader in on-demand financial planning and reporting solutions, today announced that the company has significantly expanded its reach into the manufacturing industry, growing its manufacturing customer base by 47 percent in the first half of 2008.

Manufacturing companies that have adopted Adaptive Planning's leading budgeting, forecasting, and reporting solutions range in size from under $10 million to over $1 billion in annual revenues, and include both privately held and publicly traded companies. Among these manufacturers are Allen Vanguard, Flowserve Corporation, Merisol USA, Rich Products, and Vicor Corporation.

"The complexities of our global business necessitate that we closely manage our budgeting and reporting processes," said Douglas Brunton, Director of Financial Systems at Vicor Corporation. "One of our major goals was to do segment planning for our power supply product families. We needed to make sure that our planning was in line with the ever-changing GAAP, FASB, and SEC requirements, and that it supported our existing management reporting processes. We realized that we required one integrated system rather than a host of standalone tools, and selected Adaptive Planning because they could deliver powerful capabilities in a quick-to-implement, easy-to-use solution that required minimal involvement from IT."

Adaptive Planning's solutions address the key challenges that manufacturing companies face in their planning and reporting processes, including:

--  Matching supply and demand, e.g., for production planning
--  Planning for unit volumes, which automatically drive both revenues and
    costs
--  Planning multiple categories of employee expenses, including direct
    and indirect labor, as well as union and non-union pay grades
--  Reporting on cost variances, such as labor, materials and overhead,
    and other key metrics, such as inventory turns, COGS, and average prices
--  Analyzing profit margins by product, geography, channel, and other
    dimensions
--  Modeling integrated P&L, balance sheet, and cash flow statements that
    capture the effects of inventory and capital spending on all aspects of
    financial performance
--  Managing through uncertain economic times by performing "what if"
    analyses for varying levels of growth
    

An alternative to both manual, Excel-based processes and costly, complex enterprise software, Adaptive Planning is extremely affordable, does not require any new hardware, software, or IT support, and can be deployed in just two weeks.

Adaptive Planning's manufacturing customers are taking advantage of the recently released enhancements to the Adaptive Planning 5.0 application, as well as an online financial best practices community. New features and capabilities include enhanced multidimensional modeling, allocations planning, report management, international support, and an updated user interface. Additionally, version 5.0 integrates collaboration tools, including discussion forums, online documents, project management and more, directly into planning and reporting processes, bringing greater alignment, agility, and accountability to financial processes throughout the company.

Adaptive Planning 5.0 is offered via a software-as-a-service (SaaS) model that delivers unique value to the financial community by combining lower costs, faster deployments, greater ease of use, more transparency, fewer risks, higher customer satisfaction, and an unprecedented ability for users to connect and interact with their peers.

About Adaptive Planning

Adaptive Planning is the worldwide leader in on-demand financial planning and reporting solutions that increase efficiencies and drive agile decision-making in dynamic, forward-looking companies. 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 streamlining and elevating 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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