Adaptive Planning builds social networking into budgeting tools

Adaptive Planning, the hosted online budgeting and planning system, has gone a step further this month by adding collaboration tools and "Web 2.0" interactive communities to its financial planning processes. John Stokdyk reports.

Introduced on 2 June, the Adaptive Planning 5.0 release included new components for business modelling and dealing with allocations, but these features are likely to overshadowed by the collaborative features, which bring elements of social networking sites into the budgeting system.