Best Software Leverages Microsoft's SQL Server 7.0 OLAP Services to Create Integrated Platform for Analytic Applications.RESTON, Va.--(BUSINESS WIRE)--Oct. 5, 1999-- Financial Modeling Functions Draw Added Value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
ProClarity, SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. 7.0 Framework There's a big difference between supporting a standard and taking full advantage of it, says Dan Quigg, who has guided Best Software's entry into the analytic applications Analytic Applications are a type of business application software, used to measure and improve the performance of business operations. More specifically, Analytic Applications are a type of Business Intelligence solution. arena by extending the company's current budgeting and planning suite of software products. Quigg, vice president of analytics products, is referring to the relationship between Best! Imperativ Active Planner(TM) and Microsoft's SQL Server 7.0 OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. (online analytical processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. ) Services. With its announcement Tuesday of Active Planner, Best Software continues its leadership role in delivering sophisticated financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against solutions to a middle market that up until now has neither had the resources nor the incentive to implement them. OLAP Services See OLAP and Microsoft SQL Server OLAP Services. comes as a standard component of SQL Server 7.0. Best! Imperativ Active Planner makes OLAP even easier to use for financial planners through a 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. that allows planners to automatically send plan and actual data into Microsoft OLAP cubes, multi-dimensional data structures for advanced analysis. Additionally, users can make changes to plan data inside the OLAP cubes and have the results automatically "write-back" to the budget plan. The issue of visualizing multi-dimensional data -- for both analysis and communication to others -- is further enhanced by an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and alliance with Knosys Inc., which has licensed its ProClarity(TM) product to Best Software. The functionality of ProClarity is packaged in the Best! Imperativ Active Planner Analyzer module, which can be used to view and analyze complex data relationships. "ProClarity was designed specifically for Microsoft OLAP Services, and its integration with Active Planner is another example of providing an innovative capability without re-inventing a solution from scratch," Quigg said. Best! Imperativ Active Planner aggregates data from any enterprise database for analysis within an intuitive Best Software model that enables:
-- a granular comparison of enterprise performance vs. a plan
-- an analysis of variances at any level -- business unit,
department, product, sales territory or even an individual
salesperson, for example
-- the capability to ask "what-if" and "what-now" questions, then
view the impact of possible corrective actions on any or all plan
components
-- the capability to "close the loop" on the planning process by
supporting continual refinement to the corporate budget and
easily writing back changes to all plan components
The product leverages OLE-DB data interfaces built into the Microsoft framework to access any enterprise database, as well as providing ODBC (Open DataBase Connectivity) A database programming interface from Microsoft that provides a common language for Windows applications to access databases on a network. compliance. Data can seamlessly be transferred to OLAP Services cubes for analysis within Active Planner and dissected using the Analyzer module. Although competitors may also support SQL Server 7.0 and OLAP Services, the Best Software solution is likely to be differentiated for some time, in Quigg's opinion. He bases his assumption on the way Best! Imperativ Active Planner is integrated with enterprise operational systems to collect current financial and non-financial data for near real-time analysis in multidimensional structures. The traditional OLAP rationale, in contrast, calls for collecting, cleansing, sifting and independently storing data for analysis in a process that is relatively time consuming and complex despite Microsoft's success in simplifying the procedures, he added. "Active Planner is a streamlined, application-specific use of OLAP that focuses on collaborative budgeting and planning by financial and non-financial users alike, who need to make critical decisions far more frequently than the typical plan cycle," Quigg said. "We have leveraged that portion of OLAP Services best-suited to our application, and, in that regard, we are adding value to SQL Server 7.0, just as it adds value to Active Planner. In short, we believe that our packaging and pricing of planning and analytic applications will revolutionize the planning and budgeting processes of middle-market enterprises." About Best Software Best Software, with more than 50,000 customers worldwide and offices 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. , Canada and Europe, is a leading provider of corporate resource management solutions which help organizations to better manage their people, assets and planning. Its scalable, cost-effective solutions complement core financial management systems and support the full spectrum of Microsoft platforms, including Windows(R) 95, Windows(R) 98, Windows(R) NT and BackOffice(R). For further information, call 800/368-2499, send an e-mail to vacustserve@bestsoftware.com or access the company's Web site at www.bestsoftware.com. Note to Editors: The Best logo and Best Software are registered trademarks, and Best! Imperativ Analytics and Best! Imperativ Active Planner are trademarks of Best Software Inc. Microsoft, Windows, Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. , SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. 7.0 and BackOffice are registered trademarks of Microsoft Corp. All other trademarks are the property of their respective holders. |
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