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ExpenseWatch.com and Adaptive Planning Provide Customers With Real-Time Budget Creation and Operating Expense Control

Conshohocken, Pa. and Mountain View, Calif. – October 17, 2006 – ExpenseWatch.com, a complete operating expense control service, and Adaptive Planning, the leader in collaborative business performance management (BPM) solutions, today announced a partnership to align their financial management software. Together, they will enable customers to automate budgeting and forecasting, and then manage budgets vs. actual spending in real-time, resulting in improved visibility into, and control of, business performance. 

Telemanagement Forum, a leadership organization serving the information and communications industries, is using the systems to streamline its budgeting and forecasting processes.

• “These solutions have allowed us to transform our budgeting processes from start to finish,” said James Metzger, CFO for Telemanagement Forum. “We are creating budgets and forecasts in significantly less time and with greater accuracy, and will now be able to update them on a month-to-month rolling basis.”

After using Adaptive Planning to create company-wide revenue and expense plans, users can export budgets into ExpenseWatch.com to control spending at the point of approval. Conversely, users can export the comprehensive, real-time spending data from ExpenseWatch.com directly into Adaptive Planning to streamline ongoing forecasting.

• “This is a powerful solution to keep spending in line with the changing needs of business,” said Bill Vergantino, CEO of ExpenseWatch.com. “We think it will fundamentally shift how companies approach their budgeting process. Instead of lengthy annual reviews, we see companies preparing budgets on the fly using up-to-the-minute spending data exported from ExpenseWatch.com.”
• “We are pleased to be working with ExpenseWatch.com,” said William A. Soward, CEO of Adaptive Planning. “Both of our companies provide leading solutions for optimizing financial management processes. Now, by joining together to deliver a closed-loop solution for creating budgets and managing expenses, we allow companies to improve both visibility into and control of their performance, providing even greater value for our respective customers and the broader market.”

The companies plan to collaborate closely in the areas of sales and marketing, training and product support.

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About ExpenseWatch.com

ExpenseWatch.com provides on-demand operating expense controls for small-to-midsized businesses. Customers automate expense controls with modules for travel and entertainment, purchasing and invoice management that stand alone and work together as a fully integrated suite. Currently thousands of people in more than 15 countries are using the ExpenseWatch.com service. ExpenseWatch.com can be reached at 866-399-2824.

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About Adaptive Planning

Adaptive Planning is the leading provider of collaborative performance management solutions. Adaptive Planning makes it easy for midsize companies and departments of larger corporations to improve performance by moving beyond spreadsheets to automate budgeting, forecasting, reporting and analysis. Adaptive Planning provides extraordinary flexibility and value, with on-demand and on-premises solutions, open source and commercial licensing terms, and pricing – including a free version of the product – that deliver a total cost of ownership that is a fraction of the cost of traditional BPM and business intelligence software. Adaptive Planning is headquartered in Mountain View, Calif., and can be reached at 650-528-7500 or www.adaptiveplanning.com.

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