Welcome!

News Feed Item

Adaptive Insights Brings Cloud Agility to Enterprise Reporting and Disclosure

New OfficeConnect Reporting Product and Partnership Help Companies Automate Financial and Management Reporting and Cut Complexity Versus Legacy CPM Solutions

SAN FRANCISCO, CA -- (Marketwired) -- 05/20/14 -- Adaptive Insights, the worldwide leader in cloud business analytics solutions for companies and nonprofits of all sizes, today announced at its Adaptive Live 2014 user conference new products and partnerships that reinvigorate reporting processes from financial and board reporting to disclosure management. By combining reporting power traditionally only available to the world's largest enterprises with the incredible ease of use and delivery of Adaptive's cloud, organizations can transform their reporting processes with unprecedented speed, efficiency and flexibility.

Adaptive OfficeConnect, part of the Adaptive Suite, is a robust new reporting product that injects new power into Excel, Word, and PowerPoint with dynamic, always up-to-date data from the Adaptive cloud -- accelerating reporting cycles and eliminating cost and risk. Additionally, a new partnership with regulatory compliance leader Vintage Filings, a division of PR Newswire, provides complete disclosure management -- from XBRL tagging and filing, to EDGAR HTML submissions -- enables the world's largest public enterprises to close with Adaptive and disclose with one of the world's most trusted financial printers.

Traditional reporting processes are often mired with extremely high costs, risk of error, and time-intensive tasks. Organizations with one billion in revenue can spend more than half a million dollars in reporting (Source: APQC) and allocate ten or more full-time employees for financial reporting alone (Source: Aberdeen Research). Organizations looking to drive enterprise-class reporting processes have often been required to spend millions on costly, inflexible and hard to maintain legacy CPM solutions. For public companies needing to submit their financial reports to regulatory agencies, the process can be tedious, taking days to aggregate multiple spreadsheets from across the business, manually tag and update values across all filing documents, and validate that data is from the same version of the truth.

Adaptive OfficeConnect brings the power and efficiency of the Adaptive cloud to Microsoft Office, saving organizations time and money by transforming static Excel, PowerPoint, and Word reports into live, dynamic and connected reports in minutes. Organizations now get the best of both worlds -- enterprise-class financial and board reporting, with data sourced from Adaptive's easy to deploy and use cloud CPM suite.

"Adaptive OfficeConnect is a game-changer. We can transform all of our existing Excel reports and connect them to Adaptive, combining the distinctive power of Adaptive and Excel," said Paulo Castro, Manager of Accounting, Embraer Defense and Security, Inc.

Adaptive's new partnership with industry leading printer Vintage Filings empowers organizations to leverage Adaptive OfficeConnect reports throughout the disclosure process and beyond the walls of the enterprise. Liam Power, President of Vintage Filings, commented, "We are excited to be partnering with the #1 cloud CPM and BI suite to provide complete disclosure management. Thousands of public companies trust us with their regulatory submissions, and we look forward to bringing our deep expertise to Adaptive's customers to streamline their filing processes." Now the Adaptive cloud can extend throughout the complete financial reporting lifecyle for the world's largest public companies with Vintage's superior service.

Highlights include:

  • Beautiful Reports Built On-the-Fly: Adaptive OfficeConnect easily and quickly creates presentation-quality reports based on up-to-date data from Adaptive's cloud CPM, creating engaging board books, financial reports, management reports and more. Adaptive OfficeConnect embraces the complete control of Microsoft Office formatting, calculations and charting, eliminating the ongoing costly and complex maintenance with live, accurate data.
  • One-Click Intelligent and Dynamic Reports: Only Adaptive OfficeConnect enables business users to transform their existing static Excel reports into live, connected dynamic Excel reports, in just minutes. Adaptive OfficeConnect's intelligent linking ensures that data is accurate and always up-to-date, eliminating errors and time traditionally spent copying, pasting and reformatting. Reports are refreshed with a simple click -- delivering yet another boost in productivity.
  • Comprehensive Support for Microsoft Excel, Word, and PowerPoint: Adaptive OfficeConnect seamlessly weaves report information into Excel, Word and PowerPoint for board books and executive presentations. Infused with the same dynamic connection to data in Adaptive Planning and Consolidation, updates are seamlessly incorporated throughout all documents with a simple refresh.
  • Unified Close to Disclose Reporting: Adaptive OfficeConnect extends dynamic and connected reporting beyond the enterprise, enabling organizations to file their public financials in Microsoft Word with simplicity and ease, all with full support from industry filing and printing organizations.

Adaptive OfficeConnect builds on Adaptive Suite's leading cloud CPM solution that is powerful, yet incredibly easy to deploy and run. "Increasingly, enterprises are on the march from expensive legacy CPM solutions, and are looking to transform the speed and flexibility of their aging planning processes with the agility of the cloud. With OfficeConnect, it's easier than ever for them to make the move, and migrate their existing reports and processes to Adaptive," said Connie DeWitt, Vice President of Product Management at Adaptive Insights. "These new innovations enable enterprises to accelerate their reporting processes by 70 percent, while tapping the Adaptive cloud to slash costs by 95+ percent versus traditional solutions. Enterprises can realize time and money savings to accelerate growth and drive success."

Adaptive's powerful global partner ecosystem is equally excited about Adaptive OfficeConnect.

"Adaptive makes an ideal partner because the company is so in tune with customer and partner needs and delivers innovations based upon them," said Brian Storrs, founder and president, IntuitiveTek. "Each new feature and product added to the Adaptive Suite enables us to meet the most demanding enterprise needs, and enables us to take legacy and unmanaged spreadsheet-driven processes to the cloud with ease."

About Adaptive Insights

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

Adaptive Insights is used by over 2,000 customers 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 #1 fastest growing cloud business analytics and CPM software company on the Deloitte Technology Fast 500™ list; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in over 85 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with worldwide partners including Armanino, Intacct, IntuitiveTek, Plex Systems, SAP, and NetSuite, which offers Adaptive Insights as the NetSuite Financial Planning Module. Adaptive Insights is headquartered in Palo Alto, 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2017 New York The 7th Internet of @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, New York. Chris Matthieu is the co-founder and CTO of Octoblu, a revolutionary real-time IoT platform recently acquired by Citrix. Octoblu connects things, systems, people and clouds to a global mesh network allowing users to automate and control design flo...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at 20th Cloud Expo, Ed Featherston, director/senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web co...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...