Adaytum Secures $650K Contract With Sixth Fortune 500 Pharmaceutical Firm.Business/Technology Editors & Health/Medical Writers MINNEAPOLIS--(BUSINESS WIRE)--Feb. 25, 2002 First-Phase Implementation to 500 Global Users Will Help Company Plan Revenue and Expenses Across Multiple Product Lines and Forecast Financial Statements Adaytum, a leading provider of enterprise business planning (EBP EBP Evidence Based Practice EBP Enterprise Buyer Professional EBP Education Business Partnership EBP European Business Programme EBP Efficiency Bandwidth Product EBP Electronic Billing and Payment EBP Extended Base Pointer EBP Error Back Propagation ) solutions, today announced it has secured a $650,000 licensing, maintenance, and services contract with an unnamed Fortune 500 pharmaceutical firm. It is the sixth Fortune 500 pharmaceutical firm to sign a major contract with Adaytum in the last 12 months. Under the agreement, the pharmaceutical firm plans a first-phase deployment of Adaytum's flagship Adaytum e.Planning EBP solution to more than 500 employees in offices around the world to support the company's revenue and expense planning across multiple product lines, currencies, and geographies. In addition, the firm plans to create projected financial statements with greater speed and accuracy. Adaytum e.Planning is the industry's first and only proven scalable Web-based solution for rapid-value enterprise business planning. With modules for participation from analysts, contributors, executives, and administrators, it combines top-down planning and modeling with bottom-up bot·tom-up adj. Progressing from small or subordinate units to a larger or more important unit, as in an organization. Adj. 1. data collection, sales forecasting Sales forecast A key input to a firm's financial planning process. External sales forecasts are based on historical experience, statistical analysis, and consideration of various macroeconomic factors. , budgeting, and workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. . "Adaytum continues to set the pace for high-value enterprise business planning among the Fortune 500," said Guy Haddleton, chief executive officer of Adaytum. "Our customers' phase-one pilot implementations are spanning hundreds of users - a level of scalability How much a system can be expanded. See scalable. scalability - How well a solution to some problem will work when the size of the problem increases. For example, a central server of some kind with ten clients may perform adequately but with a thousand clients it that none of our competitors can approach. That scalability provides greater speed and accuracy in business plans - which translates into greater and faster value. This is the compelling value proposition that's attracting a growing number of the world's largest firms to Adaytum." ABOUT ADAYTUM Adaytum - named to UPSIDE Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside magazine's "Hot 100 Private Companies" for 2001 - provides Web-based enterprise business planning solutions that enable a single view of future operating performance. The choice of many of the Fortune 500, Adaytum is headquartered in the U.S., with offices in the U.K., the Netherlands Netherlands (nĕth`ərləndz), Du. Nederland or Koninkrijk der Nederlanden, officially Kingdom of the Netherlands, constitutional monarchy (2005 est. pop. 16,407,000), 15,963 sq mi (41,344 sq km), NW Europe. , and Australia, and partners in more than 35 countries worldwide. For more information, visit www.adaytum.com. Adaytum and Adaytum e.Planning are trademarks or registered trademarks of Adaytum, Inc., in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and/or other countries. All other trademarks or registered trademarks are property of their respective holders. |
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