presented by: brian storrs, cpa of intuitive-tek
TRANSCRIPT
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Presented by: Brian Storrs, CPA of Intuitive-TEK
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Certified Consulting Partner for Adaptive Insights
Top Partner Award: 2010, 2011, 2012, 2013
Run by Former AccountantsCPAs and former accountants Budgeting & Reporting Industry Experts30 years of software consulting experience
Headquartered in Lakewood, Colorado
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3© 2014 Adaptive Insights | Confidential & Proprietary
2,300customer
s
200+partner
s
50%+growth
85countries
#1 share
Our cloud business analytics platform empowers management teams to transform their planning, reporting, consolidations
and analysis – improving productivity, costs & decisions.
THE GLOBAL LEADER IN CLOUD BI & CPM
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4© 2014 Adaptive Insights | Confidential & Proprietary
2,300 Customers Worldwide
Manufacturing Healthcare Non-Profit/Edu
OtherConsumer
Software
Financial SvcsMedia
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5© 2014 Adaptive Insights | Confidential & Proprietary
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PlanningBudgeting, Forecasting, What-if’s
AnalysisData Combo, Financial Reporting, Variance Analysis
VisualizationDashboards, Alerts, Financial and Non-Financial Data
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BudgetingForecastingWhat if Scenarios
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Combine the Data in One PlaceFinancial ReportingVariance Analysis
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DashboardsAlertsFinancial and Non-Financial Data
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Surprising StatisticsBudget Tools Used64% of companies use spreadsheets
TimeFinance departments spend 26% of their time on budgeting and planning processes related to spreadsheets
CFOs spend 22% of their time on budgeting, planning, periodic reviews, and related processes
Ventana Research
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“More than 90% of spreadsheets contain
serious errors, while more than 90% of spreadsheet users are convinced that
their models are error-free.”
Talking Technology, Spreadsheet Solutions, May 2008
What Most Companies Use
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Economy and market are volatile
Snapshots do not show the whole pictureFP&A Manager using Excel
November 2008 – All is GREAT! Revenue and Profits are up!
June 2009 – Sky is Falling again!December 2009 – Looking better. But what happens next?
The budget has become a step in the planning process
Planning year-round allows you to…Look backwards and forwardsCompare Budget to ActualMake mid-year adjustments
Continuous Planning Methodology!
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Budgeting, Planning, Reporting have moved beyond just the Finance Department
Companies want people to work together more easily
Online: Available ANYTIME, ANYWHEREDrive greater alignment around plans, goals and objectivesFacilitate broader, deeper, more transparent participation
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“Last Year Comparison” is not enough
Why?Market volatility reduces value of prior activity as basis for future planningManagers don’t just manage numbers and $
Companies using more realistic driversHow many people?How many widgets will you sell?How much depreciation will truly hit?
Model based methodology = realistic
Huge Spreadsheets are born and grow and grow and grow………………!
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Software as a Service (SaaS) Advantages:No IT SupportFaster DeploymentLower Risk – Cleaner deployments Higher Customer Satisfaction – Gartner says so
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Adaptive Planning Implementation Process
Data Integration (mapping, import, validation) and Customer Model Review
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