PALO ALTO, Calif., July 26, 2018 /PRNewswire/ -- Adaptive Insights, powering a new generation of business planning, announced today that Gartner, Inc. has positioned Adaptive Insights as a Leader in its 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions1 for the second consecutive year. Vendors were evaluated for completeness of vision and ability to execute.
The Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions report states, "Digital business is placing demands on FP&A to expand beyond the traditional financial planning methods. Digital business initiatives, such as establishing digital sales channels or creating entirely new digital businesses, must be supported by more-collaborative, agile financial planning processes and performance reporting, so that feedback is received, analyzed and acted upon sooner."
Over the past 12 months, Adaptive Insights has invested in its architecture to deliver the next generation of its powerful platform. As recently announced, the company believes it is ushering in a new generation of cloud planning with its patent-pending Elastic Hypercube Technology. Designed to deliver "no compromise" planning, reporting, and analytics, the architectural innovations add the intelligence for a new class of model calculation efficiency and scalability into the Adaptive Insights Business Planning Cloud. Together, these innovations mean virtually no limits on model size for any size customer.
The company's Business Planning Cloud is now used by more than 3,800 organizations in over 50 countries, including notable brands such as American Family Insurance, Guardian Life, P.F. Chang's, and Steve Madden.
"We believe being named a Leader in cloud financial planning and analysis solutions again reflects continued market demand for an easy to use and powerful planning platform for use across the enterprise," said Tom Bogan, CEO, Adaptive Insights. "As a vendor positioned in the Leaders quadrant, we believe it's due to our high marks in customer satisfaction, strong execution, and vision. And, with our new Elastic Hypercube technology powering our Business Planning Cloud, we believe we continue to deliver that vision so customers can confidently plan without compromise."
The company feels that its excellent customer satisfaction and user experience is confirmed by Adaptive Insights customers. They rated Adaptive Insights with a 4.7 out of 5 for the Cloud Strategic Corporate Performance Management Solutions market based on 107 ratings (source: Gartner Peer Insights, as of July 26, 2018). "Adaptive Insights is the future of finance," said one customer in the manufacturing industry. "The product is powerful and easy to use, and they make it easy to be a customer," said another customer in the education industry.
The 2018 Magic Quadrant for Cloud Financial Planning and Analysis Solutions evaluated 16 different software vendors. To be eligible for inclusion in this Magic Quadrant, vendors had to meet specific product capabilities, market presence, and vendor viability criteria.
For a complimentary copy of the report, please visit the Analyst Reports page.
For more information, please read the blog "When You Lead with Innovation, Magic Happens" or visit the Gartner Peer Insights reviews of Adaptive Insights.
1 Gartner, "Magic Quadrant for Cloud Financial Planning and Analysis Solutions," by Christopher Iervolino and John E. Van Decker, July 24, 2018. The 2017 version of the report was titled, "Magic Quadrant for Cloud Strategic Corporate Performance Management Solutions."
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About Adaptive Insights
Adaptive Insights powers a new generation of business planning. We transform the planning process into a strategic advantage for more than 3,800 organizations around the world with powerful modeling that's easy for everybody who plans. Our Business Planning Cloud platform enables organizations of all sizes to adapt to changing business conditions with confidence and agility. Adaptive Insights is headquartered in Palo Alto, CA. To learn more, visit www.adaptiveinsights.com.
SOURCE Adaptive Insights