PALO ALTO, CA–(Marketwired – Sep 8, 2016) – Adaptive Insights, the only pure-play cloud vendor to be named a leader in strategic cloud corporate performance management (CPM), today announced it has been included in the list of 20 Most Promising Cloud Solution Providers 2016 published by CIOReview Magazine. This accolade is the latest to recognize the impact of Adaptive Insights’ purpose-built cloud CPM software as more companies elect to move the management of critical organizational functions to the cloud.

“We’ve chosen Adaptive Insights as one of this year’s 20 Most Promising Cloud Solution Providers due to its award-winning user experience, unparalleled service, and expertise in helping more than 3,000 organizations transform the finance function,” said Jeevan George, Managing Editor of CIOReview. “The company has changed how thousands of companies manage corporate performance, enabling leaders across organizations to collaborate and participate in a process that was previously siloed, time-consuming, and error-prone. Through its technology and dedication to customer success, Adaptive Insights is moving finance from a tactically focused function to a highly strategic group that can guide organizations to new heights.”

In the quest to strategically guide their organizations, CFOs are collaborating very closely with key functions outside of finance, and for many, the IT relationship is paramount. According to a global survey of 435 CFOs, 30% state that, outside of the CEO, they work mostly closely with the chief information officer (CIO). This is likely because CFOs must integrate data–even non-financial data–from a growing number of sources. CFOs report that not only is the volume of data increasing, but also the type of data. In fact, 71% of finance teams say they are managing data from three or more source systems, according to the same survey.

CIOReview ranked Adaptive Insights for its Adaptive Suite, a cloud-based CPM software solution that delivers incredibly intuitive planning, forecasting, reporting, and dashboards. Specially designed for all types of business users and accessible from anywhere, the solution enables users to visualize performance, plan effectively, and monitor results in real-time–uncovering the key insights needed to manage growth, ensure long-term sustainability and enable much greater agility.

For more information about Adaptive Insights’ CIOReview award win, read its blog “Why the Cloud is Expanding CPM Beyond Finance.”

About Adaptive Insights

Adaptive Insights is the recognized leader in cloud corporate performance management (CPM). Via its software as a service (SaaS) platform, the company offers capabilities forbudgeting, forecasting, reporting, consolidation, dashboards, and analytics 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 Insights’ robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, BDO, CohnReznick, Deloitte, Intacct, KPMG, McGladrey, Plex Systems, and Workday. NetSuite also offers Adaptive Planning as its NetSuite Financial Planning Module.

More than 3,000 companies in 85 countries use Adaptive Insights. These range from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Epcor, NetSuite, Philips, P.F. Chang’s, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive Insights on LinkedIn, Twitter, Facebook, and YouTube.

About CIOReview

Published from Fremont, California, CIOReview is a print magazine that explores and understands the plethora of ways adopted by firms to execute the smooth functioning of their businesses. A distinguished panel comprising of CEOs, CIOs, IT VPs including CIOReview editorial board finalized the “20 Most Promising Cloud Solution Providers 2016” in the U.S. and shortlisted the best vendors and consultants. For more info:http://www.cioreview.com