MOUNTAIN VIEW, CA — (Marketwired) — 05/21/13 — , the worldwide leader in cloud-based business analytics solutions for companies and nonprofits of all sizes, today announced that Corporate Solutions division, a global financial and professional services firm specializing in real estate services and investment management, has implemented Adaptive Planning to improve planning, forecasting and reporting processes for its clients.
Jones Lang LaSalle employs more than 40,000 people, in 1,000 locations, in 70 countries, to serve the local, regional and global real estate needs of those clients. Cliff Marnick, Vice President-Director of Finance, Jones Lang LaSalle Corporate Solutions division, was engaged with a facilities management client outsource project and needed the ability to deliver accurate forecasting and reporting.
“I had been with the organization based in Phoenix, AZ, for about nine months and I recognized a critical gap in our ability to easily forecast and report on key financial data,” said Marnick. “It was critical that I find a technology solution that would allow me to automate our forecasting and reporting processes, as well as better enable me to produce a portfolio of financials and Key performance Indicators (KPI-s).”
After evaluating multiple vendors, the key Adaptive Planning capabilities that stood out were the ease of report writing, the flexibility of the solution, the ability to build templates, and the drill-down capabilities to identify the numbers behind the roll-ups.
“It was unbelievable how flexible Adaptive Planning was despite a complex set of drivers and models,” confirms Marnick. “We wanted the ability to model the client business as we needed to based on KPI-s. In addition, the forecasting and reporting capabilities were exactly what we needed to reduce the time previously spent collecting and manipulating this information in Excel spreadsheets.”
The team at Jones Lang LaSalle had a short timeframe in which to implement Adaptive Planning before the next budget season. After working with the client team to collect the necessary data, Marnick and the professional services team were able to collaborate, and successfully implemented the solution in five weeks.
“Adaptive Planning-s professional services team did an outstanding job managing the project and completing the engagement in a short time frame,” said Marnick. “Today we use Adaptive Planning to track expenses and monitor spending against forecasts. The ability to manage a portfolio-s expenses within Adaptive Planning and to compare actuals vs. forecast is critical to the success of our clients- projects.”
The visibility into their client-s financials has improved tremendously and the ability for Marnick-s team to access the application anytime from anywhere is a huge benefit. The cycle time has been reduced from 20 days to 5 days. Non-financial team members can understand the application and not feel intimidated by a complex Excel model. The team particularly appreciates the ability to add variance comments directly into Adaptive Planning. This helps them maintain an audit trail.
“We are happy to help Jones Lang LaSalle improve the specialized real estate services they offer their clients by automating their financial forecasting, planning and reporting capabilities with Adaptive Planning,” said John Herr, CEO of Adaptive Planning. “As Jones Lang LaSalle manages their global business, we are pleased to enable a smoother management of client financials by their operating groups.”
Jones Lang LaSalle is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit .
Adaptive Planning is the worldwide leader in cloud-based 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 1,600 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 list; has the #1 brand in midmarket CPM; and ranks #1 in customer satisfaction in independent industry surveys. With customers and partners in 81 countries worldwide, the company has the strongest channel ecosystem in the cloud CPM space, with 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 Bessemer Venture Partners (BVP), Norwest Venture Partners (NVP), Royal Bank of Canada (RBC), ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.
Contact:
GlobalFluency
Stephanie Evans
650-433-4163
Adaptive Planning
Derek Kober
650-810-2486
Adaptive Planning
650-528-7500
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