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TMCNet:  American Academy of Pediatrics Boosts Budgeting Process With Adaptive Planning

[December 20, 2012]

American Academy of Pediatrics Boosts Budgeting Process With Adaptive Planning

(Marketwire Via Acquire Media NewsEdge) MOUNTAIN VIEW, CA -- (Marketwire) -- 12/20/12 -- Adaptive Planning, the worldwide leader in cloud-based corporate performance management (CPM) and business intelligence (BI) solutions for companies and nonprofits of all sizes, today announced that the American Academy of Pediatrics (AAP), an organization of 60,000 primary care pediatricians, pediatric medical subspecialists and pediatric surgical specialists, implemented Adaptive Planning to replace an outdated legacy system and to automate forecasting.


The AAP's prior budget system was very time intensive for non-finance users who were required to input budget data. The system required multiple manual steps and was often frustrating.

"Our old system required going into individual plan sheets, reviewing them and then inputting information," explains Bill Beers, AAP's Director of Financial Planning & Analysis. "The only way to conduct forecasts was to create Excel spreadsheets and manually manipulate formulas. We knew there must be a better system like Adaptive Planning that would be user-friendly and reduce the time our staff spent on the process." After selecting Adaptive Planning, the AAP implemented the solution within eight weeks. Two members of the finance team conducted online training and rolled it out to 160 users.

"The time to implement the Adaptive Planning system is one of the most impressive things I have seen," confirms Beers. "I have worked on other IT projects and they have taken significantly longer. The implementation process could not have gone better. People are still raving about it and everyone is very happy with the solution." As a nonprofit, the AAP is required to manage expenses carefully. Embarking on any technology implementation and upgrade always poses a challenge in managing costs. Adaptive Planning's easy-to-manage cost structure and the value it brings in terms of time savings across the organization provided an immediate positive return on investment.

"We estimated that implementing Adaptive Planning saved one staff member's yearly salary compared to the old manual process," says Beers. "If you are still using an outdated system or relying on Excel, now is the time to automate your budgeting process. You can only gain time back through automation. Invest a couple of weeks and you will save months in return with Adaptive Planning." "We are happy to see the AAP modernize their financial planning and reporting processes with Adaptive Planning," said Greg Schneider, VP Marketing, Adaptive Planning. "By providing access to critical financial data to a large number of end-users across the organization, they are able to be more effective in their financial planning and decision making." About the American Academy of Pediatrics The American Academy of Pediatrics is an organization of 60,000 primary care pediatricians, pediatric medical subspecialists and pediatric surgical specialists dedicated to the health, safety and well-being of infants, children, adolescents and young adults. For more information, visit www.aap.org.

About Adaptive Planning Adaptive Planning is the worldwide leader in cloud-based corporate performance management (CPM) and business intelligence (BI) solutions for companies 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 1,500 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 65 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with over 300 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 Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.

Contact: Stephanie Evans GlobalFluency 650-433-4163 sevans@globalfluency.com Derek Kober Adaptive Planning 650-810-2486 dkober@adaptiveplanning.com Adaptive Planning 650-528-7500 www.adaptiveplanning.com Source: Adaptive Planning

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