MOUNTAIN VIEW, CA--(Marketwire - January 28, 2010) - Adaptive Planning, the worldwide leader
in on-demand financial planning and reporting solutions for companies of
all sizes, today announced strong ongoing momentum in the nonprofit sector,
with 2009 marking the third consecutive year that the company has doubled
its nonprofit client base.
Adaptive Planning now counts 66 nonprofit organizations among its
customers. Nonprofits that have adopted its solutions range in size from
community organizations to major international operations, including
American Red Cross (multiple chapters), Catholic Charities USA, Chicago
Urban League, College Summit, Goodwill Southern California, National
Association of Public Hospitals and Health Systems, Rotary International,
San Francisco Ballet, Silicon Valley Community Foundation, USA Volleyball,
and YMCA (multiple chapters).
The recession has created particular challenges for many nonprofits, as
demand for social services has escalated at the same time that operating
costs have increased, charitable giving by individuals and corporations has
decreased, and foundation assets have fallen. In this environment,
Adaptive Planning's on-demand solution for budgeting, forecasting, and
reporting provides an affordable way for nonprofit organizations to quickly
gain visibility into their financial outlook, analyze what-if scenarios,
and make key decisions to improve operating efficiency.
"Rolling out Adaptive Planning across 18 branches of the YMCA has allowed
our organization to significantly improve the quality and depth of our
information," said George DiFlavis, CFO, Valley of the Sun YMCA. "Despite
having more than 60 users across the organization with varying levels of
financial expertise, the transition to a new budgeting and planning process
has been easy because the application is visually and functionally
intuitive. Business units are now more accountable for their performance.
And we've dramatically improved our decision making capabilities, since
we're now able to make quick adjustments to branch forecasts and conduct
scenario planning that enables us to see the potential impact of tactical
and strategic actions across the total association."
Adaptive Planning's solutions help nonprofits manage critical budgeting,
forecasting, reporting and cash management activities, such as:
-- Planning for and rolling up complex organizations, including multiple
funds and programs
-- Conducting more frequent re-forecasting and what-if analyses
-- Allocating personnel and other expense categories across funds and
programs
-- Identifying restricted and unrestricted funds easily and accurately
-- Enabling cross-fund reporting, CIP reporting, and cross-department
personnel reporting
-- Supporting collaboration and document sharing across an organization
Adaptive Planning's on-demand, software as a service (SaaS) model is ideal
for nonprofits. Pricing is extremely affordable, starting at just $50 per
user per month; no new hardware, software, or IT support is required; and
the solution deploys quickly, averaging just two weeks of consulting time.
About Adaptive Planning
Adaptive Planning is the worldwide leader in on-demand financial planning
and reporting solutions that improve operational efficiency, strengthen
companywide collaboration, and drive better business decisions in companies
of all sizes. Adaptive Planning makes it easy to move beyond spreadsheets
and automate budgeting, forecasting, reporting, and "what-if" analysis,
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 is the
fastest and easiest way for finance organizations to enhance their agility
and strategic value. Adaptive Planning is headquartered in Mountain View,
Calif. and can be reached at 650-528-7500 or
www.adaptiveplanning.com.
Contact Information: Media Contacts:
Derek Kober
GlobalFluency
650-433-4233
Greg Schneider
Adaptive Planning
650-810-0525