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Powerful Financial Consolidation and Reporting. All in the cloud.
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PAYOFFS
CUTTING EDGE CAPABILITIES
THE BIG PICTURE
Companies are moving faster than ever
before – more business change, new
geographies, changing structures. To
keep up, Finance needs to be more agile
and more efficient.
CFOs want to be more
strategic, but their
organizations frequently
face a rising tide of tactical
financial processes. There is
a driving need to scrutinize
every process to make them
run leaner, faster, and more
efficiently while reducing risk.
But where to improve?
The fact is, over 70% of Finance leaders
just aren’t satisfied with their consolidation
processes.* It’s because traditional
financial consolidation and reporting
solutions become dated and out of
tune with the business. Tools like Oracle
Hyperion, SAP BPC, and IBM Cognos are
typically expensive to run and maintain,
and are often hard to use and change. ERP
systems themselves fall short because they
can’t handle subsidiaries with different GL
systems.** Too often, spreadsheets are
relied upon to fill the gap.
It’s time for something better
The best-run organizations have
transformed their processes to keep pace
with business change and have made
their Finance teams more collaborative
and self-service. They’ve streamlined
and automated their consolidation and
reporting. They’ve brought analytics into
every stage of the process.
At Adaptive, we’ve rethought what a
financial consolidation solution should
be – modern, built in the cloud for
today’s Finance organization – more
collaborative, more intuitive, more agile.
With an intuitive user experience that’s
ranked #1 by Nucleus Research, Adaptive
runs completely in the cloud to drive
efficiency and agility. It’s easier to deploy
at a fraction of the time, cost, and effort
compared to traditional solutions.
Organizations
consolidating financial
results in a highly inefficient
manner typically involve
the use of spreadsheets or
outdated products. — Gartner
The Pace of Business is Accelerating.Will Your Financial Consolidation Process Keep Up?
*Business Performance Innovation Network and Adaptive Planning**Gartner
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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. — ACCA
Your Financial Consolidation Process. The Opportunities to Improve.
Cut Time and Effort in Your Consolidation Process
Research by Deloitte shows that the consolidation and reporting
process is still time-consuming and error-prone. Submissions are
often late and have quality issues. There’s opportunity to free up
your time and improve your process, right now.
Tame Your Reporting
The fact is, reporting has a huge hidden cost. If you’re using
multiple systems and manual effort to generate reports, you aren’t
being efficient. Top performers are able to run their reporting 80%
more efficiently and at a lower cost by automating the process.
Link Consolidation to Planning
The reality is consolidation and planning are often stuck in different
systems with different processes. But linking them has benefits for
everyone – more accurate plans based on the latest actuals, less risk
based on reforecasting as the environment changes. Unify them to
supercharge your financial processes, and be more strategic.
Cut the Compliance and Reporting Risk
Data integrity problems and formula errors are rampant – they
drain productivity, add manual effort, and worse, they add risk.
In 2012, JP Morgan lost a substantial amount of money due to
poor trades in one of its accounts. The culprit? The Value at Risk
calculation was done manually in spreadsheets and was incorrect.
(continued on the following page)
Total Cost to Perform Financial Reporting per $1,000 of Revenue (APQC)
$0.60
$0.50
$0.40
$0.30
$0.20
$0.10
$0.00
Top Performer Median Bottom Performer
$0.11
$0.23
$0.57
Number of Days to Complete the Consolidation Process (Deloitte)
11–20
0–5
6–10
> 21
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DAYS TO CLOSE
Break Down Barriers in Finance
Finance departments are more distributed than ever before –
remote, offshore, at home, on the move. Centralized and hard
to access systems stand in the way of collaboration. Real-time
collaboration means fewer emails, better process tracking, and a
faster, more efficient close.
Keep Up to Date with Regulatory Change
FASB standards change, so your finance systems need to also.
Trying to stay on top of them with updates and patches, or simply
adding spreadsheets, isn’t scalable or reliable. Make your systems
do the work for you – have them track with change, automatically.
Manage Increasing Complexity
The close isn’t getting any easier – in fact, it’s getting harder. More
subsidiaries are being consolidated. And more systems are being
used to get the information needed to close. Simplify things and
manage the complexity by unifying your systems.
IT, business, and finance executives
strongly prefer integrated cloud solution
suites provided by a single vendor as
opposed to purchasing best of breed
offerings separately. — Saugatuck Technology, 2013 Cloud Survey
Your Financial Consolidation Process. The Opportunities to Improve. (continued)
See how Adaptive Consolidation is designed for today’s Finance organization.
Entities Consolidated as Part of the Close by Annual Revenue (APQC)
Use process automation to tame your financial close and consolidation circus act. — Forrester
Adaptive Consolidation Datasheet
100%
90%
80%
70%
60%
50%
40%
30%
20%
10%
0%$50 million
to $99 million$100 million
to $499 millionOver
$500 million
1 2–3 4–5 6 –10 >11
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Comprehensive Consolidation Easy to Use All in the Cloud
Adaptive Consolidation is a comprehen-
sive solution that automates currency
exchange, allocations, eliminations,
reclassifications, and ownership
percent. Journal entries ensure that
updates to GL account balances are
actually balanced – no one-sided
entries. Simply check a box to enable
Cumulative Translation Adjustment to
manage exchange rate differences. Full
consolidation power, unprecedented ease of
use, all delivered through just a web browser.
Transparency and Auditability at Your Team’s Fingertips
Powerful tools like Cell Explorer and Audit Trail provide deeper
analysis to make it easy to track changes. Easily see user access
permissions to manage strong SOX compliance.
Consolidation and Planning Power in One Cloud System
With a single cloud system for managing
consolidation, planning, forecasting,
reporting, and analytics, Adaptive makes
it easy to pivot from close, to plan, to
analysis. No separate systems. No stove
pipes. Just one unified experience.
Real-Time Visibility Built-in
Adaptive Consolidation easily extends
to provide visual analytics. Use interactive
dashboards and scorecards to display and
explore data on your live actuals. Gain real
insight—and find solutions. Live data means
real-time answers – no waiting for batch jobs or
processes, with Adaptive’s unique real-time consolida-
tion engine – a real virtual close. With Adaptive, the real, consoli-
dated results are always at your fingertips.
(continued on the following page)
Choosing Adaptive has accelerated
our financial consolidation close, and
eliminated days of work, which has freed
up our Finance team to focus on more
strategic initiatives to further our growth. — Paul Crawley, CFO, DayMen
Adaptive Consolidation – Reimagining the Close.
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Simplify currency exchange and cumulative translation adjustment.
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Bemis serves customers worldwide and produces packaging for products found in
virtually every aisle of the grocery store. As a public company with over $5BN in revenue,
with approximately 20,000 employees, managing dozens of locations across the globe,
we were pleased to select Adaptive Consolidation to help support our planning and
forecasting consolidation needs. — Tim Sullivan, Director, Financial Planning and Analysis at Bemis Company, Inc.
Finally, Self-Service Reporting
Easily create and distribute reports – without any technical skills
or IT required. Slice and dice across multiple dimensions and
scenarios. Drill down on data and use conditional formatting to
highlight critical data points. Generate reports in tabular or graph
format in HTML, PDF, or Excel. Complete reporting, completely
self-service, in minutes instead of hours.
Cutting Edge Collaborative Power
Adaptive’s intuitive and engaging Process Tracker makes
consolidation and reporting a team sport, unlocking productivity.
Know and manage the process at all times with at-a-glance graphs
with up-to-the-minute data. Define deliverables, assign them to
users, monitor tasks, track their closure, and print a copy of the
completed process for your records. Complete collaboration, in
real-time.
Built for the Cloud to Flow with Change
Your business changes, so your system should too. Your business
requirements change, so your system should too. Adaptive
provides upgrades automatically, so your system stays fresh and
up-to-date with regulatory requirements and innovations.
Adaptive Consolidation – Reimagining the Close. (continued)
See how to create reports on the web and in Microsoft Office, all self-service.
Take your analytics to the next level with Adaptive Discovery.
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Customer SuccessSome of the world’s largest and fastest-growing companies run Adaptive
and benefit from the world’s most usable cloud CPM solution.*
*Nucleus Research
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CUTTING EDGE CAPABILITIES The Adaptive Suite is helping us unify our planning, consolidation, and analytics
processes. With the new user experience, that looks and feels even more like Excel,
we anticipate it being more intuitive than ever for our managers to budget, plan and
forecast, making it even easier to engage our budget managers.— Paulo Castro, Manager of Accounting at Embraer Defense and Security, Inc.
Contact us or explore these resources to find out more about Adaptive Consolidation.
Adaptive Consolidation Datasheet
Adaptive OfficeConnect Datasheet
800.303.6346
www.adaptiveinsights.com
Register for a free online 30-day trial
Have Us Contact You
Copyright © 2015 Adaptive Insights, Inc.
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