Interactive Data Corporation is a provider of securities pricing, financial information, and analytic tools to institutional and individual investors. The company supplies time-sensitive pricing, dividend, corporate action, and descriptive information. However, as a result of global growth, Interactive Data faced the challenge of finding a forecasting and budgeting solution that would generate more comprehensive and less manually intensive performance reports.
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Brady Corporation is a world leader in identification solutions that help companies improve safety and security. Founded in 1914, its divisions operate some twenty enterprise resource planning systems. However, even with Brady’s move to centralize about half its financial information on SAP R/3, serious data inconsistency issues were hampering reporting reliability. To resolve these issues, Brady turned to OutlookSoft Everest.
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When BellSouth and SBC merged to become Cingular Wireless in 2000, four issues concerned everyone: centralizing the storage of business information; improving access to, and reporting from, performance management processes; streamlining and standardizing analysis tools; and integrating data sources with different systems and platforms to create a "single version of the truth." The solution: OutlookSoft’s unified business process management application.
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Wholesale distributor United Pipe & Supply had a problem. Its use of standard Excel spreadsheets for reporting and budgeting was time-consuming, expensive, and dysfunctional. The company was losing control over content and reliability, simply unable to produce something as simple as profit/loss statements for multi-branch business units. Its ability to grow was hampered. United Pipe & Supply needed to change.
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A diverse company with multiple business units, US Sugar was looking for relief in the financial reporting and budgeting areas. Defining the related metrics and ensuring they were consistent enterprise-wide was thus a critical need. US Sugar required a comprehensive planning and performance management solution that would enable financial reporting, monthly forecasting, cost allocations, consolidations, actuals analysis, and strategic planning.
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As companies demand more from their decision support systems, unified business performance management (BPM) will play an increasingly important role in planning and decision-making. Thus, predictive analytics, applied with BPM, bridges the gap between real-time activity monitoring and calculated execution. Before embracing predictive analytics, however, companies should know that only a unified solution can help capitalize on this promising technology.
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