Adaptive Planning Wins Best of SaaS Showplace Award
On-Demand Financial Planning And Reporting Solutions Provider Helps Companies Transform Budgeting, Forecasting, and What-If Analysis; Make Better-Informed Strategic Business Decisions
Wellesley, MA - August 24, 2009 - THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that Adaptive Planning has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.
The BoSS Awards program was announced in January 2009 as the latest initiative by THINKstrategies to bring attention to SaaS and cloud computing companies which are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations, and greater profitability.
Adaptive Planning is a leading provider of on-demand budgeting, forecasting and reporting solutions that help finance organizations improve operational efficiency, strengthen collaboration, and drive better business decisions in companies of all sizes.
For example, Vicor--a $250 million manufacturer of power conversion components and systems--often completed new budgets in late April or early May each year, well after its January 1 deadline, because its accounting department had to manually reformat and consolidate hundreds of individual spreadsheets. As a result of deploying Adaptive Planning's SaaS solution, Vicor's finance, manufacturing, sales and engineering departments can now enter information into a single, integrated system. This has made it easier and faster to finalize budgets and forecasts, improved accuracy and eliminated errors, and permitted company executives to dedicate more time to analyzing plans and what-if scenarios. Vicor has been able to streamline its budgeting process by 50 percent, developing and approving its budget within six weeks rather than four or five months. In addition, Adaptive Planning's solution has enabled broader participation of Vicor's managers in the budget process, facilitating greater organizational alignment and better overall business decisions.
"We are growing rapidly -- doubling our active customer base in the last four quarters and now counting over 520 companies as clients -- which is testament to both the importance of planning in uncertain times and to the measurable business value delivered by our solution," said William A. Soward, CEO of Adaptive Planning. "In this economy, where the stakes are so high, slow, error-prone spreadsheet-based planning is no longer a suitable approach for most companies. Our solution presents an extremely attractive alternative to both spreadsheets and costly enterprise software -- and allows finance organizations to have an immediate impact on their company's business and competitiveness."
"In today's turbulent economic climate it is imperative that corporate executives and others within their organizations have quicker access to critical financial information to make better business decisions," stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace."Adaptive Planning's SaaS solutions enable companies to more quickly compile their financial data so they can more easily analyze their performance and more cost-effectively achieve their business objectives."
IT/business decision-makers a quick directory of the leading SaaS providers and a convenient source of valuable insight regarding SaaS trends.
SaaS providers a targeted tool to increase their visibility among enterprise decision-makers, and gain access to key enabling technology suppliers.
Enabling technology suppliers a specialized platform to increase industry awareness regarding their SaaS solutions.
The SaaS Showplace is now the largest and highest ranked, vendor-independent, online directory and resource center of industry best practices in the SaaS market. For more information, go to www.saas-showplace.com or www.thinksaas.com.
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About the Best of SaaS Showplace (BoSS) Awards
The BoSS Award program is an ongoing initiative to identify and promote SaaS, and 'cloud computing', companies which are offering on-demand solutions which are generating measurable business benefits for their customers.
BoSS award winners are given special designation on the SaaS Showplace, with a summary of their award-winning solution(s) and customer success story. Award winners are also recognized in the SaaS Showplace newsletter, and are able to promote their award designation on their website and in pre-approved company material.
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.
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About THINKstrategies, Inc.
THINKstrategies, Inc. is the only strategic consulting services company formed specifically to address the unprecedented business challenges facing IT managers, solutions providers and investors today as the technology industry shifts toward a services orientation.
THINKstrategies' mission is to help our clients re-THINK their corporate strategies, and refocus their limited resources to achieve their business objectives. THINKstrategies helps enterprise decision-makers with their sourcing strategies, IT solutions providers with their marketing strategies, and VCs with their investment strategies.