Combination of Operational BI and CPM Provides the Only Fully Integrated, Real-Time Reporting, Planning, and Forecasting Solution
NEW YORK, NY (January 08, 2009) –
Information Builders, the independent leader in operational business intelligence (BI) systems, today announced the availability of a corporate performance management (CPM) solution for enhanced measurement, planning, and reporting. Information Builders developed the single-platform solution with Tagetik, a global provider of CPM and financial governance solutions, to deliver the most sophisticated, enterprise-wide system available today to help enterprises accelerate and improve corporate and operational decision-making.
Information Builders partnered with Tagetik because of its comprehensive understanding of CPM, its extensive built-in functionality, and rapid integration into the WebFOCUS Performance Management Framework (PMF). Customers will benefit from the single architecture of the solution, making it easy to deploy, manage, and use. The combination of Tagetik’s executive-level reporting and Information Builders’ enterprise BI capabilities means financial services firms will have a single solution to enhance their financial reporting, planning, forecasting, and corporate governance.
Pierluigi Pierallini, CEO, Tagetik, said, “The combination of Information Builders’ WebFOCUS Performance Management Framework and Tagetik’s CPM provides users with operational performance indicators with advanced planning and forecasting capabilities in one easy-to-deploy, -manage, and -use solution. The solution automatically updates the financial position of the business with real-time data so that executives and managers can report, plan, and forecast more accurately. We are excited by this partnership and believe it offers customers the best solution available today.”
Gerald Cohen, CEO, Information Builders, said, “Customers often require two solutions, an executive dashboard and an operational system to manage their performance management requirements. The partnership between Information Builders and Tagetik is bringing together two independent, best-in-class vendors to solve a major challenge for many financial services firms. In today’s economic climate, the need to plan, forecast, and report more accurately for better decision-making has never been more acute, and our combined offering is the optimal solution.”
The partnership is a worldwide strategic initiative for both companies. Information Builders and Tagetik will conduct training and joint sales and marketing initiatives in North America, EMEA and Asia-Pac. While initially developed for the financial services industry, Information Builders and Tagetik are now investigating opportunities to establish other industry-specific solutions.
About Tagetik
Tagetik helps CFOs and CIOs simplify complex business processes.
A complete financial closed-loop software for Performance Management and Financial Governance that unifies key processes and applications – ranging from planning & consolidation to strategy management, profitability modeling, statement reporting, working capital analysis and ICT performance management – thanks to “built-in” processes, applications and reconciliations.
Tagetik CPM is a reliable and scalable solution to manage and control overall performance, support compliance initiatives, harmonize different views of critical financial data and enable maximum visibility down to business transactions. Since the software leverages best-of-breed, web-based and cross-platform technology, IT departments can future-proof their existing ERP, BI and infrastructure investments for up to 50 percent reduction of the total cost of ownership (TCO).
Tagetik employs over 300 experts in Italy and abroad with offices in United States, France, Austria, Germany, Portugal, Spain, South East Asia, Switzerland, The Netherlands, UK & Ireland. Tagetik shares their successful strategy with worldwide and local partnerships and over 350 worldwide satisfied customers representing all industries including Unicredit Group, Telecom Italia, Mediaset, Barilla, De Agostini, Gucci, Fininvest, BNL, Altair Engineering, Houghton Mifflin Harcourt, Bank Austria, Banco Privado Portugues, Talanx AG, Nationale Suisse, Menarini Group, Volex Group, M+W Zander IFIL, Aries Complex, Astaldi, Acea, SDA Express Courier, Yamaha Motor Italia, Techint, Milan AC, RAI, Costa Crociere.
About Information Builders
As a leading independent business intelligence (BI) company for the past 30 years, Information Builders has provided innovative solutions to more than 12,000 customers, including most of the Fortune 100 and numerous U.S. federal government agencies. The company’s flagship WebFOCUS product is the world’s most widely used BI platform. Superior architecture and intuitive nature enables WebFOCUS to address the needs of everyone in the extended global enterprise – executive, analytical, operational, and beyond. It provides the agility to adapt to changing business conditions with the security, scalability, and flexibility to support dozens to millions of users.
Unique to the company is the integration expertise it brings to the BI market. Information Builders iWay Software suite solves complex integration problems with pre-built components that require minimal custom programming. The award-winning combination of WebFOCUS and iWay gives Information Builders customers the ability to embrace the company motto: “Everyone Makes Decisions.”
Information Builders is committed to customer service excellence with a Professional Services division that specializes in building custom applications using WebFOCUS and iWay Software. Headquartered in New York City with 90 offices worldwide, the company employs 1,450 people and has more than 350 business partners.
Source: Information Builders