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TMCNet:  ProKarma Transcends Global Business Boundaries With Adaptive Planning

[October 17, 2012]

ProKarma Transcends Global Business Boundaries With Adaptive Planning

(Marketwire Via Acquire Media NewsEdge) ORLANDO, FL -- (Marketwire) -- 10/17/12 -- INTACCT ADVANTAGE 2012 CONFERENCE -- Adaptive Planning, the worldwide leader in cloud-based corporate performance management (CPM) solutions for companies and nonprofits of all sizes, today announced that ProKarma, a global IT solutions company, implemented Adaptive Planning to improve financial management across its worldwide operation.


With over 1,400 employees spread across three continents, ProKarma began looking at opportunities to take advantage of new innovations in cloud computing to meet its growing operational needs. Previously, managing the financial plan on Excel had become cumbersome and was not sufficient to scale as the business grew globally. Adaptive Planning's cloud-based approach was a refreshing improvement over the static spreadsheets of the past. In addition to its existing implementation of Intacct, ProKarma expanded its relationship with Adaptive Planning to automate its financial management processes, including budgeting, forecasting, reporting and what-if analysis.

"Adaptive Planning's integration with Intacct and its robust capabilities to handle multi-currency, separate entities, business structures and sales forecasting made it the right solution for us," said Craig Stack, CFO, ProKarma. "We can now easily and effectively generate department level budgets, as well as sales forecasting and analysis by customer, product type and sales representative. The involvement of more people in the budget process is really transforming how we plan and execute." "We are pleased that we have been able to help ProKarma transform multiple business processes," said Greg Schneider, VP Marketing, Adaptive Planning. "They provide a great example of how companies can create significant value by automating not just their financial planning and analysis, but also sales planning, forecasting and analysis." About ProKarma ProKarma delivers integrated technology and business process outsourcing solutions for over 150 global leaders in a wide range of industries and markets. ProKarma is co-headquartered in Beaverton, Oregon and Omaha, Nebraska, with sales and delivery centers in the U.S, India, Argentina and Peru. ProKarma was selected as a Global Service 100 company in 2012 ranked as the fastest growing IT services company in America by Inc. 500.

About Adaptive Planning Adaptive Planning is the worldwide leader in cloud-based corporate performance management (CPM) 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 1,400 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 8th fastest growing company in Silicon Valley on the Deloitte Technology Fast 500™ list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in 65 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with over 200 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: Stephanie Evans GlobalFluency 650-433-4163 sevans@globalfluency.com Derek Kober Adaptive Planning 650-810-2486 dkober@adaptiveplanning.com Adaptive Planning 650-528-7500 www.adaptiveplanning.com Source: Adaptive Planning

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