PALO ALTO, CA — (Marketwired) — 08/13/15 — , the leader in for the biggest brands and the hottest companies, today announced that Infoblox, a leading provider of network control solutions, implemented Adaptive Insights cloud-based solutions to provide critical data analysis and deliver strategic insights to better manage business expansion. is a leader in automated network control with over 8,100 customers and operations in more than 25 countries.
Challenged to plan and manage the company–s financial performance with a rapidly growing organization across multiple countries and local currencies, in 2010 the Infoblox finance team replaced its previous budgeting system — built exclusively on Excel spreadsheets — with Adaptive Planning and subsequently added Adaptive Discovery and Adaptive OfficeConnect. The goal was to find a solution to automate annual and quarterly forecast development along with monthly and quarterly reporting of actual results and to enable deeper strategic analysis without relying on manually entering and exporting data from Excel.
“Adaptive Insights has helped us automate processes and become a much more effective and efficient FP&A organization,” said Jonas Hallman, Infoblox senior manager of FP&A and resident Adaptive Insight expert. “Our finance team has more time to analyze data and provide better business advice to the rest of the organization, which is critical to our company–s growth.”
In addition, Hallman noted that implementation of Adaptive Insight has created a more reliable and timely process for consolidating multi-currency plans and reports into a single view, and it helped the finance team keep better pace with the company–s aforementioned growth including the transition to reporting as a publicly held company.
“We built our product suite to enable finance organizations to drive strategic decisions across the company, especially in times of change and evolution,” said Karen Pisha, vice president of customer success at Adaptive Insights. “The Infoblox team did just that — through its incredible revenue growth, IPO and now its next phase of growth — underscoring the value finance teams deliver when they focus on data analysis instead of data gathering.”
In a recent , 63% of CFOs felt a lack of time for analysis due to lengthy data gathering and reconciliation was the top inhibitor to being more strategic, underscoring the importance of the data insights the Infoblox team is realizing with Adaptive Insights. Read the full case study .
Check out the CFO Indicator results .
: Plug-and-play leader @Infoblox plugs in @AdaptiveInsight for automated performance metrics and data-driven decision making.
Adaptive Insights is the leader in . Via its software as a service (SaaS) platform, the company offers capabilities for that empower finance, sales, and other business leaders with insight to drive true competitive advantage. The Adaptive Suite is sold direct or is available through Adaptive–s robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, BDO, Cohn Reznick, Intacct, KPMG, McGladrey, and Plex Systems. NetSuite also offers Adaptive Insights as its NetSuite Financial Planning Module.
More than 2,700 companies in 85 countries use Adaptive Insights. These range from mid-sized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Konica Minolta, NetSuite, Philips, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit , the , and follow Adaptive on and .
Diane Orr
Adaptive Insights
650-422-7334
Gina Giachetti
Highwire PR
415-963-4174 ext. 17
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