60 Statewide Agencies to Benefit from More Effective Financial Management
McLean, Va., (May 07, 2002) –
MicroStrategy® Incorporated (NASDAQ: MSTR), a leading worldwide provider of business intelligence software, today announced that the State of Tennessee is using the MicroStrategy Business Intelligence Platform(TM) to anchor its financial data access data warehouse. With MicroStrategy, decision-makers in more than 60 statewide agencies, including the Departments of Human Services, Mental Health and Education, are able to more effectively track revenues and expenditures, and make more informed decisions that can reduce costs and increase revenues.
“With the MicroStrategy platform, end users are able to access financial data via the Web, which is proving to be the most valuable service the State of Tennessee has provided to its statewide agencies in the last decade,” said Sherrie Benn, data warehouse consultant at the State of Tennessee. “More than just a report writer, the MicroStrategy Business Intelligence Platform offers analytical capabilities far beyond what has been available.”
“It is anticipated that the use of MicroStrategy software will help the State of Tennessee better manage financial information, leading to efficiencies that will save both time and money,” added Jan Sylvis, chief of accounts at the State of Tennessee. “Ultimately, we expect to see improved strategic planning, activity-based costing and activity-based management in support of State programs.”
MicroStrategy is providing the State of Tennessee’s end users with comparative and exception reporting, more efficient and timely data analysis, enhanced financial data analysis, summary level reporting for management, and consistent interpretation of financial data definitions and business rules. In the future, the State of Tennessee will expand the reach of its business intelligence initiatives to support 800 end users and develop additional BI applications to include budgetary, grants, projects, contract and vendor financials, as well as payroll analyses.
About MicroStrategy
Leadership in a Critical Market: Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Large and small companies alike are harnessing MicroStrategy’s business intelligence software to gain vital insights from their data to help them proactively enhance cost-efficiency, productivity and customer relations and optimize revenue-generating strategies. MicroStrategy’s business intelligence platform offers exceptional capabilities that provide organizations — in virtually all facets of their operations — with user- friendly solutions to their data query, reporting, and advanced analytical needs, and distributes valuable insight on this data to users via Web, wireless, and voice. PC Magazine selected MicroStrategy 7(TM) as the 2001 “Editors’ Choice” for business intelligence software.
Enterprise-Class Business Intelligence: MicroStrategy 7i(TM) is a truly integrated, enterprise-class, Web-based business intelligence platform. With MicroStrategy 7i, enterprises can now standardize on one business intelligence platform and deploy high-value business intelligence enterprise-wide. MicroStrategy 7i’s configurable query, reporting, and OLAP Web interface is designed to support all users, from casual report viewers to power analysts.
Diverse Customer Base: MicroStrategy’s customer base cuts across industry and sector lines, with over 1,500 enterprise-class customers, including Lowe’s Home Improvement Warehouse, AT&T Wireless Group, Wachovia and GlaxoSmithKline. MicroStrategy also has relationships with over 400 systems integrators and application development and platform partners, including IBM, PeopleSoft, Compaq, and JD Edwards.
MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information on the company, or to purchase or demo MicroStrategy’s software, please visit MicroStrategy’s Web site at http://www.microstrategy.com.
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Alka Nayyar
MicroStrategy Incorporated
(703) 847-4897
anayyar@microstrategy.com
Source: MicroStrategy