Adaptive Planning, provider of cloud-based business analytics solutions, has introduced Adaptive Consolidation, a cloud-based solution for comprehensive close-and-disclose financial consolidations and analysis. The solution provides a complete, integrated cloud-based suite of products spanning corporate performance management and business intelligence. The new release also includes enhancements to the company’s Adaptive Planning and Adaptive Discovery applications. Each of the company’s products – Adaptive Planning, Adaptive Consolidation, and Adaptive Discovery – is available as part of the Adaptive suite or on a standalone basis.
Adaptive Consolidation’s new capabilities and intuitive user interface make complex and laborious processes appear to be easy. A key feature is the Process Tracker, which provides easy ways to define and monitor one-time and repeating processes. “The Process Tracker embraces the consumerization of enterprise software; an approach that looks much more like Facebook or LinkedIn than it does the old-style on-premises client server enterprise applications,” Greg Schneider, Adaptive Planning’s vice president of marketing, tells 5 Minute Briefing. Users can define specific deliverables, assign them to users, monitor their status, and track their closure.
Adaptive Consolidation features simple setup and intuitive definition of rules that are automatically applied to the consolidation process each period, as well as out-of-the-box integration in the cloud with planning and visual discovery capabilities. “We feel our differentiator is how easy it is to accomplish it and how visually intuitive the application is for that accounting user of the product,” Bob Anderson, director of product management, explains. Customers can partition financial data by data source, enabling users to identify data by the system or consolidation activity from which it originates, control access to that data, and isolate the effects of consolidation into designated compartments.
Certain new features in Adaptive Consolidation are also available as enhancements to the Adaptive Planning solution, including a new Allocation manager, enhanced currency support, and new options for managing versions. The new release also provides usability advancements for Adaptive Discovery administrators and end users, including easy-to-make dials and a new Table Settings Editor to configure the display of table dials.
The latest versions of Adaptive Planning and Adaptive Consolidation are available now. For more information, visit www.adaptiveplanning.com/uploads/docs/datasheets/ds_application_update_2013.1_screen.pdf.