Adaptive Planning, the worldwide provider in on-demand financial planning and reporting solutions, recently introduced a major new product release integrating groundbreaking collaboration and community capabilities that enable finance teams and business managers to dramatically improve organizational alignment, access and share best practices financial information, and ultimately drive more agile, intelligent, and strategic business decisions. Adaptive Planning 5.0 delivers new features that bring additional power, flexibility, and simplicity to planning and reporting processes, while establishing the first financial management system to integrate both private team collaboration capabilities and a public best practices community.

Adaptive Planning 5.0 presents a new opportunity to tap into "connected intelligence" – the enormous pool of shared knowledge and insight that exists among employees within organizations and between financial professionals worldwide. A recent study conducted by the company in conjunction with the BPM Forum revealed that financial decision makers at large and mid-sized companies believe lack of collaboration among participants is the number one obstacle to better financial planning and reporting.

Adaptive Planning 5.0 tightly integrates new collaboration capabilities, including discussion forums, online documents, project management and more, into planning and reporting processes, facilitating deeper and more transparent communication about key business decisions. The new offering also enables users to engage with other financial professionals and access best practices and benchmarking information via a unique public online community.

"We hear from many companies that are interested not only in increasing the efficiency of their financial processes, but also in driving organizational change and adopting best practices that deliver greater strategic value," said William A. Soward, President and CEO of Adaptive Planning. "By continuing to improve the core features of our on-demand planning and reporting solution, and by adding collaboration and community capabilities, we are addressing the full range of companies' needs. What's more, by better connecting teams and experts across the globe, we are introducing the 'wisdom of the crowds' to the world of finance."