As Charles Darwin so aptly put it, “It is not the strongest species that survive, nor the most intelligent, but the most responsive to change.” This certainly applies to the business world—especially for companies experiencing rapid growth.
Is there one particular trait that defines a successful, fast-growing organization? Each emerging growth company has its own unique needs and issues, but agility is the distinguishing characteristic you see time and time again. Companies that can rapidly assess and course-correct—leveraging data from across their organizations—have a competitive advantage.
Adaptive Insights, customers named on Deloitte Technology Fast 500
This is especially true of many companies recently named to the 2016 Deloitte Technology Fast 500. Adaptive Insights customers across a wide range of technology industry segments were included on the list. In fact, in addition to being named ourselves for the sixth consecutive year, more than 250 of our customers have also ranked in the past three years. These customers have deployed corporate performance management (CPM) software to gain valuable financial and operational insights and accelerate their growth.
The list names 20 Adaptive Insights customers that had growth of 1,000% or more. Among them, Coherus Biosciences posted growth of 1,482% in the biotechnology/pharmaceutical industry—the second fastest growing technology segment included in the Deloitte list. Coherus, a leading provider of high-quality biosimilar therapeutics, understands the need to consider multiple futures, using scenario planning to prepare for the long-term risks and opportunities that can arise when bringing a new drug to market.
Evariant, another customer named on the list, is also using scenario planning to remain agile. “When things are constantly changing, the context is constantly shifting, we need to be able to understand the what-ifs within our business,” said Mitch Feinberg, a consultant at the healthcare CRM platform provider. “Adaptive Insights is a very flexible solution and it lets us match that flexibility to an industry that is constantly evolving.”
Agility and driver-based planning go hand in hand
Then there’s WeddingWire, which connects merchants with engaged couples and party planners via its online marketplace. Realizing that its static budgeting and forecasting environment was hampering agility, the company moved to a driver-based, active planning model. Now, it can navigate through the twists and turns of the software industry, better prepared for events that could potentially impact financial performance.
WeddingWire and Evariant were among the 52 Adaptive Insights customers in the Fast 500’s largest industry segment, software. In fact, software companies have dominated the list 21 years straight.
This honor from Deloitte follows back-to-back recognition for Adaptive Insights as a leader in the corporate performance management space. Earlier in the year, we were named to the Leaders Quadrant of the Gartner 2016 Magic Quadrant for Strategic CPM Solutions* report—the first year that a cloud-only vendor has been placed in the Leaders Quadrant of the Gartner Strategic CPM report. We also were named a leader in the Forrester Research, Inc. October 2016 report, The Forrester Wave™: Enterprise Performance Management, Q4 2016**.
But as flattered as we are at all of this attention, we recognize that our success is dependent on the success of our customers. As such, we will continue to work with each and every one of our customers to ensure they remain agile and successful over the long term.
*”Gartner, Magic Quadrant for Strategic Corporate Performance Management Solutions,” by Christopher Iervolino and John E. Van Decker, May 31, 2016.
**”The Forrester Wave™: Enterprise Performance Management, Q4 2016” by Paul D. Hamerman with Christopher Andrews, Joseph Miller, October 6, 2016.
Visit the Customer Success section of our website to see how other customers are using Adaptive Insights to move fast and stay nimble.