I’ve written in the past about Adaptive Planning the corporate performance management (CPM) vendor that has been enjoying stellar growth off the back of more widespread adoption of cloud applications within mid sized organizations. I recently spoke to Adaptive Planning to get a run down on their upcoming release and corporate performance to date.
First some numbers – Adaptive Planning is boasting of over 1000 customers and 25000 individual users. These sales have been delivered through over 200 partners, the highest profile of which is NetSuite. All of this has added up to a 100% compound annual growth rate between 2007 and 2010.
This new release focuses heavily on deep reporting capabilities. Also being catered for is team collaboration within reporting so that annotations and discussions can occur in real time and across an organization over real-time data.
Specific functionality that Adaptive Planning are introducing includes;
- Transaction Reporting & Analysis – tight integration of transaction-level detail from other enterprise applications, located both on-premise and in the cloud.
- Report Annotations to enable collaborative explanations, comments and questions on reports.
- Report Books enable reports to be grouped and stored together, and generated, printed, and distributed with a single request
- Conditional Formatting
- In-Report Calculations allowing users to create more calculations “on the fly” within reports, such as adding different business metrics or derived financial calculations
- Document Repository provides a centralized location for storing and sharing documents (e.g., PowerPoint, Excel, Word, or PDF files) related to budgeting, forecasting, and other corporate performance management activities
- Status Board enables users to see who else is logged into the application, and how recently a user has performed an action
CPM is a high growth area, research from Merrill Research suggests that 61% of respondents currently don’t use a CPM solution but that 69% are intending on using it over the next year or two. These sorts of surveys are always fraught with inaccuracies but it’s a fair comment to say that driving deep insights over corporate financial performance is going to be a safe bet moving forwards. The changes Adaptive Planning are introducing aren’t earth shattering, but they’re positive iterations of their already strong product offering.
(Cross-posted @ The Diversity Blog – SaaS, Cloud & Business Strategy)