Adaptive Insights Innovates Technology Suite to Expand Financial, Strategic, and Operational Planning Power for Customers
Adaptive Suite 2015.2 Delivers New Level of Insight for Midsize and Enterprise Organizations With Richer, Deeper Analytics
Adaptive Insights, the leader in cloud corporate performance management (CPM) for the biggest brands and the hottest companies, has released Adaptive Suite 2015.2, an update to its award-winning cloud planning, consolidation, reporting, and analysis suite. With new dimension model intelligence, Adaptive Insights expands its technology foundation to enable business users to “slice and dice” across more dimensions for planning and reporting–expanding financial, sales, and operational planning. More dimensions enable managers to perform deeper product analysis, workforce planning, and sales modeling, providing greater visibility into their business performance. The new Adaptive Suite 2015.2 now brings these enterprise-level analysis capabilities to organizations of every size, from midsize to enterprise companies, all while benefiting from the ease of delivery of the cloud.
Extending product analysis to encompass product types, family, and brands; and personnel models to add attributes like tenure, skills, and employee locations–with no increase in price or model complexity–Adaptive Suite 2015.2 simplifies business analytics that would have previously required trillions of cells to model. Adaptive Suite 2015.2 is immediately available for all customers.
“We have used Adaptive Planning very successfully across our finance team for the past four years,” said Rick Smith, manager of FP&A, at Engine Yard. “With the ability to now create deeper insights from other software applications, such as data imported from Zuora, Amazon Web Services (AWS) and Zendesk, we see finance being able to view and analyze our data at a much more granular and accurate level across many more dimensions. Access to that level of complex data could truly be a competitive advantage for finance teams such as ours, giving greater visibility into planning and modeling, which will drive strategic business decisions.”
The Adaptive Insights 2015 Q2 CFO Indicator revealed that seven out of 10 CFOs agree that finance is positioned to help management make strategic, data-driven decisions. As a result, finance leaders are looking for solutions that provide value on three dimensions: 1) Functional breadth that enables them to not just model and plan, but also to report and analyze information, 2) Departmental flexibility that includes the financial intelligence, reporting, and calculations that finance needs, while also embracing departmental reporting needs, and 3) Ease of use that ensures low, ongoing total cost of ownership (TCO) and ease of change with cloud delivery and intuitive design.
"Adaptive Insights’ focus on improving dimensional power has a very real and practical value proposition that every CFO can appreciate: better performance at a lower cost," said Hyoun Park, chief research officer at Blue Hill Research. "Rather than spend good money on duplicate data used to support inefficient financial analysis processes, the Adaptive Insights approach allows finance organizations to support efficient CPM on all of their relevant data and every relevant dimension and category at up to 1/100th the data footprint required by some competing vendors. Combined with the company’s focus on enabling complex financial workflows for midsize and enterprise companies, Adaptive Insights becomes a necessary vendor to evaluate for midsized through to enterprise CPM deployments."
Delivering more enterprise planning and reporting power
Specifically, dimension attribute analytics enable Adaptive Insights users to easily layer on additional insight to their planning models. For example, users can expand product and personnel data to add every attribute that is important for analysis, reporting, or calculation–from brand to location–and enhance their revenue models to break out sales organizations by territories, skills, tenure, and locations, providing more reporting fidelity, with no impact to model size. Organizations across a wide range of industries looking at business dimensions in many different ways benefit with more dimensions for analysis including manufacturers evaluating products across families, retailers looking at stores and territories, or non-profits tracking projects by funding source and type.
Driving competitive advantage with analytics
The Adaptive Insights 2015 Q2 CFO Indicator revealed that more than half of CFOs surveyed (56%) believe that a culture of analytics is very or extremely important for creating competitive advantage. Additionally, CFOs cite time as a major inhibitor to progress. Not having enough time for analysis is the primary roadblock to being a more strategic leader, according to 63% of CFOs.
“2015.2 opens up a new realm of analysis and strategic planning, empowering organizations with the ability to slice and dice the different combinations of dimensions and attributes without sacrificing performance,” said Connie DeWitt, senior vice president of product management at Adaptive Insights. “With the ability to analyze and group products, people and more across every attribute that matters–brand, tenure, square footage, sales territory–and even model new relationships on the fly, we continue to empower finance leaders, managers, and departments to make strategic, data-driven decisions.”
Check out the Adaptive Insights blog for more insight into the Adaptive Suite 2015.2 update.