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Aegis Mortgage Corporation Standardizes on BusinessObjects XI; Leading Mortgage Company Selects Business Objects Over Reporting Solutions from Cognos and Microsoft.


SAN JOSE San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850.
, Calif. -- Business Objects (Nasdaq:BOBJ BOBJ Business Objects SA )(Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange.  ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C.  code: FR0004026250 -- BOB), the world's leading provider of business intelligence (BI) solutions, today announced that Aegis Mortgage Corporation has standardized on BusinessObjects(TM) XI for reporting, performance management, and data integration. One of the top 40 mortgage lenders 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. , Aegis has deployed BusinessObjects XI from Business Objects to streamline reporting and ensure consistent data throughout the organization. Aegis selected business intelligence solutions from BusinessObjects XI over reporting solutions from Cognos and Microsoft for its seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation.  of business intelligence, reporting, and analytics. Another key factor in Aegis' decision was the proven reliability and performance of BusinessObjects XI and existing experience among Aegis' developers with industry-leading Crystal Reports(R).

Aegis, which has originated more than 228,000 residential mortgage loans since 2003, uses Crystal Reports to gain insight into the loan processing flow. For example, now Aegis can analyze and report on information such as the conversion of sales leads to loans, assess loan production by geographic region, branch office, and individual loan officer. Aegis is planning to add dashboards for enterprise performance management and deeper analysis of information.

Prior to implementing Business Objects, Aegis experienced inconsistencies in the way data was reported. Users were unable to access the information they needed and did not have confidence they were accessing reliable and accurate information. Aegis deployed BusinessObjects Data Integrator Business Objects's Data Integrator is a data integration and ETL tool that was previously known as Acta. The Data Integrator product consists primarily of a Data Integrator Job Server and the Data Integrator Designer.  XI to simplify and automate data extraction Data extraction is the act or process of retrieving (binary) data out of (usually unstructured or badly structured) data sources for further data processing or data storage (data migration).  from diverse data sources and ensure a single source of timely, accurate, and trusted information throughout the organization.

"The Business Objects products offer the functionality and ease of use we need to identify, analyze, and maintain business information throughout our highly dispersed infrastructure," said Robert Johnson Robert Johnson may refer to:

In politics:
  • Robert Johnson (governor), South Carolina
  • Robert Johnson (Texas) (1929–1995), member of Texas state legislature 1956–63
  • Robert D. Johnson (1883–1961), U.S.
, senior vice president of core technology for Aegis Mortgage. "Now that we have completed the installation of BusinessObjects Enterprise, and we are developing over operational reports using Crystal Reports across all our subsidiaries, our next steps are to move on to performing sophisticated analytics and implementing a comprehensive performance management initiative using the same Business Objects platform and tools. Standardizing on Business Objects will help us to reduce costs, time-to-deployment, and training requirements for both developers and users."

"Like most organizations, Aegis Mortgage needed a flexible business intelligence platform that allows the company to evolve its BI strategy -- without the constraints imposed by a limited or partial solution," said Rene Bonvanie, chief marketing officer at Business Objects. "Only BusinessObjects XI offers a single, integrated BI platform that can meet a company's precise strategic needs -- from simple reporting to complex analytics, from a single user to thousands -- with an integrated, straightforward development environment and the ability to present actionable information to users at every strata of the organization."

About Aegis Mortgage

Aegis Mortgage Corporation is a growing mortgage-production company, headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation).
Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the
. The company serves customers with a variety of financing needs, including new home mortgages, refinancing of existing mortgages, home equity loans, and mortgage loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services.  -- for people from every walk of life. With more than 3,200 employees, Aegis Mortgage originates loans in 49 states and operates in more than 120 branches nationwide. For more information, please visit www.aegismtg.com.

About Business Objects

Business Objects is the world's leading business intelligence (BI) software company. With more than 30,000 customers worldwide, including over 80 percent of the Fortune 500, Business Objects helps organizations gain better insight into their business, improve decision making, and optimize enterprise performance. The company's business intelligence platform, BusinessObjects(TM) XI, offers the BI industry's most advanced and complete platform for performance management, planning, reporting, query and analysis, and data integration. BusinessObjects XI includes Crystal Reports(R), the industry standard for enterprise reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. . Business Objects has also built the industry's strongest and most diverse partner community and offers consulting and education services to help customers effectively deploy their business intelligence projects.

Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company's stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN: FR0004026250 -- BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com.

Business Objects and the Business Objects logo, BusinessObjects, WebIntelligence, Crystal Reports, Crystal Enterprise, Crystal Analysis, RapidMarts, and BusinessQuery are trademarks or registered trademarks of Business Objects S.A. or its affiliated companies Affiliated Companies

A situation that occurs when one company owns a minority interest (less than 50%) in another company.

Also refers to companies that are related to each other in some way.

Notes:
An affiliated company is sometimes referred to as a subsidiary.
 in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 14, 2005
Words:735
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