Soward says that Adaptive Planning is focused on bringing “collaborative financial managment, budgeting and planning” to companies between those two camps in the $10m-$500m turnover bracket. The application is a browser-based, on demand program, paid on an annual subscription basis and is beginning to percolate through European organisations such as the online HR and recruitment company Stepstone.
“The problem we’re trying to solve is where customers have been doing budgeting and planning in spreadsheets. As they grow into multiple units and change business models, that application doesn’t scale too well,” he said.
“No one is really satisfied when it’s in Excel. Our customers want to be extremely collaborative and capture information and compare against actuals very rapidly in a way that synchronises across the organisation.
