Adaptive Planning Releases Version 4.0 of Free Budgeting and Forecasting Software

Adaptive Planning Express Edition 4.0 Delivers New Value to Users Worldwide and Enhances Company's Global Test Drive Programs

 

MOUNTAIN VIEW, CA – October 11, 2007 — Adaptive Planning, the leading provider of collaborative business performance management (BPM) solutions, today announced the availability of Adaptive Planning Express Edition version 4.0, the free entry-level version of the company's award-winning software solution. Express Edition 4.0, which can be accessed online via a web browser or downloaded and installed on-site free of charge, features a new Cell Explorer capability, revamped user interface, and numerous other updates. By adding new capabilities to its free solution, Adaptive Planning continues to expand the value it delivers to thousands of organizations worldwide. The release also enhances the company's popular “global test drive” programs, which give prospective customers easy, no-risk ways to try and use Adaptive Planning as an alternative to their existing spreadsheet-based financial processes.

Adaptive Planning Express Edition is a free, entry-level solution that makes it easier than ever before for small and mid-market companies to move beyond Excel and automate their budgeting and forecasting. The software can be instantaneously accessed on-demand, or downloaded and installed on-site in under an hour. The solution features an intuitive, spreadsheet-like user interface; standard sheets for planning expenses and revenues across multiple dimensions; a specialized personnel planning sheet; formula-based modeling; and management of organizational hierarchies and user access rights. The product also includes a Get Started Wizard to help new users set up their company plans.

The newly released Adaptive Planning Express Edition 4.0 includes a powerful new Cell Explorer capability, as well as a revamped user interface and additional updates and enhancements. Cell Explorer allows users to thoroughly analyze any cell within their financial model by drilling down into the sequence of values and formulas that are used to calculate the final result. With Cell Explorer, financial analysts can examine how each element of a formula affects the overall calculation by reviewing the evaluated results of the formula, and business managers can drill through higher-level salary or benefits accounts to understand the amounts associated with every employee in their organizations. Additionally, the new user interface, together with the other updates and enhancements, improve the overall usability of the application.

Express Edition is a key element of Adaptive Planning's “global test drive” programs, which enable prospective customers to deploy and try the company's software free of charge. These programs also include a free 30-day trial version of the company's Enterprise Edition, a full-featured solution that has additional budgeting and forecasting features, sophisticated reporting and analysis capabilities, and enhanced administrative functionality. The test drive programs also include free training, which is delivered via live webinars and pre-recorded online videos.

Adaptive Planning's global test drive programs have proven to be extremely popular, generating over 50,000 downloads from over 80 countries worldwide, and have contributed significantly to the company's rapid customer growth.

“With Express Edition 4.0 and our other test drive programs, we are setting a new standard in the performance management space,” said William A. Soward, Chief Executive Officer of Adaptive Planning. “We believe that any company that is considering a new budgeting, forecasting, and reporting solution should be entitled to a thorough, hands-on evaluation of the software before making a purchase decision. This openness is not only the right thing to do for customers, but it's also a good business practice—once companies see for themselves how easy it is to move beyond spreadsheets with Adaptive Planning, the choice is simple.”

Availability and Pricing.
Adaptive Planning Express Edition is 4.0 is available immediately, at no charge. Companies can register online at www.adaptiveplanning.com or download from www.sourceforge.net/adaptiveplan.

About Adaptive Planning:
Adaptive Planning is the leading provider of collaborative business performance management (BPM) solutions. Adaptive Planning makes it easy for midsize companies and departments of larger corporations to move beyond spreadsheets and improve decisions by automating their budgeting, forecasting, reporting and analysis. Adaptive Planning provides extraordinary flexibility and value, with on-demand and on-site solutions, open source and commercial licensing terms, and pricing—including a free version of the product—that delivers a total cost of ownership that is a fraction of the cost of traditional BPM and business intelligence software. Adaptive Planning is headquartered in Mountain View , Calif. and can be reached at 650-528-7500 or www.adaptiveplanning.com.