Adaptive Planning Wins the Beyond Budgeting Roundtable

MOUNTAIN VIEW, CA--(Marketwired - Jul 24, 2013) - Adaptive Planning , the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes, was recently awarded the Beyond Budgeting Roundtable (BBRT) Horngren Visionary Award at the 12 ^th Annual Beyond Budgeting Conference. The Horngren Award recognizes Adaptive Planning for expanding the reach of Beyond Budgeting and improving finance and planning processes at organizations worldwide.

The award is named in memory of Accounting Hall of Fame Member Dr. Charles T. Horngren, professor emeritus at Stanford University and author of the landmark textbook, Cost Accounting. Horngren was a long-time advisor and supporter of the BBRT. His advice and generous encouragement helped spread the BBRT's management framework throughout North America and the rest of the world.

In presenting the award, Steve Player, BBRT North American Director stated "Like Dr. Horngren, Adaptive Planning (1) has a vision of how to improve finance effectiveness, (2) boldly took action to turn that vision into reality, and (3) continues to share and expand their work so that all finance teams can benefit."

"We're honored to receive the Horngren Award from the BBRT," said Greg Schneider, Vice President of Marketing for Adaptive Planning. "Adaptive Planning's mission is well aligned with the vision of Dr. Horngren. We continue to grow at an incredible pace as we help companies of all sizes move beyond manual spreadsheet-based processes and complex on-premises business intelligence (BI) and corporate performance management (CPM) software. Adaptive's intuitive, easy-to-use solutions allow finance and executive teams to obtain real-time visibility into performance metrics, streamline financial planning and analysis, and drive better business decisions -- which is why we're #1 in customer satisfaction."

Adaptive Planning fundamentally changes the world of financial planning and reporting, and has become the de facto solution for cloud-based CPM, with more customers and more partners than all other cloud CPM providers combined. Adaptive Planning's software as a service (SaaS) delivery model presents significant advantages over traditional on-premise corporate performance management software, including 75 percent lower total cost of ownership, greater ease of use, and deployments that take just weeks instead of months. Adaptive Planning recently announced $45 million in new funding, and has also been named the 5th fastest growing company in Silicon Valley on the Deloitte Technology Fast 500™ list.

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About Adaptive Planning Adaptive Planning is the worldwide leader in cloud-based business analytics solutions for compani es 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 Planning enables finance, sales, and other business leaders to make better, faster, more collaborative decisions that drive a true competitive advantage.

Adaptive Planning is used by over 1,700 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 5th fastest growing software company in Silicon Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in 82 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with worldwide partners including Armanino McKenna, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers a specialized version of Adaptive Planning as the NetSuite Financial Planning Module. Adaptive Planning is headquartered in Mountain View, 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.