Knowledge Universe(R) Gives Spreadsheets a Failing Grade, Opts for Large Global Implementation of Adaptive Planning's

Knowledge Universe(R) Gives Spreadsheets a Failing Grade, Opts for Large Global 
Implementation of Adaptive Planning's Accelerated and
Easy-to-Use Forecasting, Budgeting and Reporting 
Global Education Leader Automates Planning Process Across Education
Centers 
MOUNTAIN VIEW, CA -- (Marketwire) -- 02/13/13 --  Adaptive Planning,
the worldwide leader in cloud-based corporate performance management
(CPM) solutions for companies and nonprofits of all sizes, today
announced that Knowledge Universe(R), a global education leader, has
done away with cumbersome Excel-based budgeting and instead
implemented Adaptive Planning at its Singapore headquarters, as well
as its operations in other countries around the world, allowing more
than 300 users to benefit from vastly improved planning, forecasting
and reporting processes.  
Knowledge Universe(R) operates more than 3,000 education centers and
schools across the globe, and employs over 30,000 educators and
education professionals. The finance team faced significant
challenges and complexity managing the budget process across this
vast network. They relied on spreadsheets to collect budget data and
then had to consolidate hundreds of spreadsheets into a single view.
This process was very time consuming and it was difficult to get
visibility into key business drivers quickly. 
"After implementing an Oracle solution in our Singapore business, we
decided the investment needed for a wider roll-out was cost
prohibitive," recalls Reg Singh, global CFO at Knowledge Universe(R).
"We now use NetSuite's OneWorld platform for accounting and CRM and
learned about its integration with Adaptive Planning. Adaptive
Planning stood out for its ease of use and strong forecasting and
reporting capabilities. In addition, the ease with which non-finance
users are able to utilise the tool was a critical element in our
decision to select Adaptive Planning. Furthermore, it reduced the
time spent managing very large volumes spreadsheets and allowed us to
more effectively manage our global business."  
After successfully implementing Adaptive Planning in Singapore in
2010 for the 2011 budget, Knowledge Universe(R) extended the solution
initially across Malaysia, India and the United Kingdom over the
course of 2011 and 2012. Today, the company ha
s more than 300 users
of Adaptive Planning. They rely on the solution for budgeting,
personnel planning and revenue planning, which is driven by student
enrollment and programme pricing. They also conduct monthly
forecasting across all of their education centers. Recently, they
added Adaptive Discovery, the visual discovery application within the
Adaptive Planning suite of performance management solutions, which
provides dashboards and scorecards for financial and non-financial
data. 
"The real value of Adaptive Planning is not only the automation
aspect, but that it provides a much richer budgeting environment,
with which we can think through our strategy, better understand
assumptions while delivering a more thought-driven budget to the
organization," said Singh. "Adaptive Planning is much more than just
a planning tool and enables us to deliver management reporting across
the organization." 
"Adaptive Planning is proud to support the world-class education
innovation that Knowledge Universe(R) represents; it has eliminated a
lot of manual effort for the finance team and delivered improved
consolidation and enhanced visibility to the organization, enabling
better collaboration and a more comprehensive budgeting process,"
said John Herr, CEO, Adaptive Planning. "As Knowledge Universe(R)
continues to expand and prosper, we are excited to deliver a valuable
solution to automate the budgeting, forecasting and reporting process
across its global network of education centers." 
"From our perspective, Adaptive Planning is a pleasure to use,"
confirms Marianne Behrens, CFO, South East Asia, Knowledge
Universe(R). "We now have critical data at our fingertips. The
dashboard capabilities give us immediate insight and the ability to
drag and drop variables on the fly when creating reports is very
helpful. Adaptive Planning has added tremendous value to our FP&A
function." 
About Knowledge Universe(R)  
Knowledge Universe(R) is a global education leader with a network of
more than 3,000 education locations worldwide employing over 30,000
educators and education professionals. It offers services in all
education sectors through well-recognized institutions in early
childhood, primary and secondary, and higher education, touching the
lives of over 300,000 students daily around the globe. For more
information, visit http://www.kueducation.com.  
About Adaptive Planning 
Adaptive Planning is the w
orldwide leader in cloud-based business
analytics solutions for companies and nonprofits of all sizes. The
company's software as a service (SaaS) platform allows finance and
management teams to work together to plan, monitor, report on, and
analyze financial and operational performance. With capabilities for
budgeting, forecasting, reporting, consolidation, dashboards, and
business intelligence, Adaptive Planning enables finance, sales, and
other business leaders to make better, faster, more collaborative
decisions that drive a true competitive advantage. 
Adaptive Planning is used by over 1,500 organizations worldwide, from
midsized companies and nonprofits to large corporations, including
AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and
Vail Resorts. The company is the 5th fastest growing software company
in Silicon Valley on the Deloitte Technology Fast 500(TM) list; has
the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction
in independent industry surveys. With customers and partners in 80
countries worldwide, the company has the strongest channel ecosystem
in the cloud CPM space, with over 400 worldwide partners including
Armanino McKenna, Intacct, IntuitiveTek, Plex Systems, SAP, and
NetSuite, which offers a specialized version of Adaptive Planning as
the NetSuite Financial Planning module. Adaptive Planning is
headquartered in Mountain View, Calif. and is funded by Norwest
Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures,
Monitor Ventures, and Cardinal Venture Capital. 
Contact:
GlobalFluency
Stephanie Evans 
650-433-4163 
sevans@globalfluency.com 
Adaptive Planning
Derek Kober
650-810-2486
dkober@adaptiveplanning.com 
Adaptive Planning
650-528-7500
www.adaptiveplanning.com 
 
 
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