Expensewatch.com and AdaptivePlanning Provide Customers With Real-Time Budget Creation and Operating ExpenseControl

Conshohocken, Pa. and MountainView, CA - 17 October 2006

Expensewatch.com, a complete operating expensecontrol service, and Adaptive Planning, the leader in collaborative businessperformance management (BPM) solutions, today announced a partnership to aligntheir financial management software. Together, they will enable customers toautomate budgeting and forecasting, and then manage budgets vs. actual spendingin real-time, resulting in improved visibility into, and control of, businessperformance.

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

“These solutions have allowedus to transform our budgeting processes from start to finish,”said JamesMetzger, CFO for Telemanagement Forum.“We are creating budgets and forecasts insignificantly less time and with greater accuracy, and will now be able toupdate them on a month-to-month rolling basis.”

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

“This is a powerful solutionto keep spending in line with the changing needs of business,”said BillVergantino, CEO of expensewatch.com.“We think it will fundamentally shift howcompanies approach their budgeting process. Instead of lengthy annual reviews,we see companies preparing budgets on the fly using up-to-the-minute spendingdata exported from expensewatch.com.”

“We are pleased to be workingwith expensewatch.com,”said William A. Soward, CEO of Adaptive Planning.“Bothof our companies provide leading solutions for optimizing financial managementprocesses. Now, by joining together to deliver a closed-loop solution forcreating budgets and managing expenses, we allow companies to improve bothvisibility into and control of their performance, providing even greater valuefor our respective customers and the broader market.”

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