Companies sign global agreement that will further strengthen the ties between financial performance management and business intelligence
Organizations today require actionable, relevant information in order to make quick, fact-based decisions. Today's "sense and respond" management style requires information that is both: strategic and tactical, internal and external, and reduced in volume but increased in relevancy. Achieving this requires the marriage of effective business processes with robust business intelligence. Geac and MicroStrategy customers can benefit from Corporate Performance Management solutions delivering actionable information to decision-makers across their enterprise.
Customers can now integrate financial performance management functionality while leveraging their BI platform investment. MPC, Geac's award-winning performance management application, enables enterprises to improve the speed, accuracy, and effectiveness of their strategic planning, financial and operational planning, budgeting, financial consolidation, and forecasting processes. With it, organizations are better able to manage their strategies through to execution.
Geac MPC customers who find the need to expand their applications with better access and insight into data warehouses and operational data stores will now have an option to take advantage of the MicroStrategy BI platform.
As part of this agreement, the two companies will execute cooperative marketing programs and work side by side to ensure customer success.
Joint customers of the two companies are pleased to learn of this new alliance between MicroStrategy and Geac. For instance, NBC Universal recently won an award in the Innovative BI Integration category for deploying a joint MicroStrategy/Geac solution that has yielded significant process improvements and enterprise-wide value. California-based theme park Universal Studios Hollywood business, owned by NBC Universal, replaced a challenging spreadsheet-based system with a Geac/MicroStrategy solution that provides visibility into the theme park's central budgeting, financial reporting, and consolidation mechanism. With the joint solution, line managers can quickly make changes in attendance or park-hour assumptions, and provide senior management with new performance targets in minutes as opposed to days or weeks. These daily budgets are then seamlessly loaded to a data warehouse so that operators and line managers can run self-service reports using MicroStrategy to make decisions that optimize revenues or contain costs. While the Geac MPC-based financial application receives information from one source (SAP(R) R/3), MicroStrategy supports operational and transactional analysis from 10 source systems that feed SAP. Since going live, the joint solution has enabled managers to make quick operational decisions. Customer spend and attendance rates have significantly increased, with the total impact estimated in the millions of dollars in additional revenue generated as a result of increased attendance. The solution has also fundamentally changed the finance, budgeting, reporting, and financial closing processes, and cut budget processing time by over 50 percent. NBC Universal is one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience.
"Through this alliance, customers can gain greater value from their corporate performance management investment with the ability to leverage MicroStrategy's advanced business intelligence technology," said Tom Villani, MicroStrategy's vice president of global alliances. "We are pleased to add Geac to our portfolio of alliances."
"MicroStrategy is a proven leader in the business intelligence arena and we are delighted to collaborate with them and introduce the benefits of MicroStrategy's proven solutions to our customer base," said Brian Hartlen, Geac's vice president of global marketing. "Our companies are working together to ensure that we help our customers more efficiently and effectively leverage information technology to manage their organizations.
Geac (NASDAQ: GEAC) is a global enterprise software company that addresses the needs of the Chief Financial Officer. Geac's best-in-class technology products and services help organizations do more with less in an increasingly competitive environment, amidst growing regulatory pressure, and in response to other business issues confronting the CFO. Further information is available at http://www.geac.com or through e-mail at Email Contact.
Founded in 1989, MicroStrategy is a global leader in business intelligence (BI) technology. MicroStrategy provides integrated reporting, analysis, and monitoring software that helps leading organizations worldwide make better business decisions every day. Companies choose MicroStrategy for its advanced technical capabilities, sophisticated analytics, and superior data and user scalability. More information about MicroStrategy is available at www.microstrategy.com.
MicroStrategy and MicroStrategy Business Intelligence Platform are trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
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