Borders Group, Inc. Chooses OutlookSoft to Provide Strategic Business Performance Management Solution.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 20, 2002 Global Retailer of Books, Music, and Movies Selects Enterprise Analytic Portal(R) to Enhance Financial Productivity OutlookSoft Corporation, the global innovator of a unified business performance management (BPM) solution, today announced that Borders Group, Inc. (NYSE NYSE See: New York Stock Exchange : BGP (Border Gateway Protocol) The routing protocol that is used to span autonomous systems on the Internet. It is a robust, sophisticated and scalable protocol that was developed by the Internet Engineering Task Force (IETF). ) has chosen the OutlookSoft Enterprise Analytic Portal (EAP (Extensible Authentication Protocol) A protocol that acts as a framework and transport for other authentication protocols. EAP uses its own start and end messages, but then carries any number of third-party messages between the client (supplicant) and access control ) to improve the company's business performance management processes. Borders Group, with posted revenues of approximately $3.4 billion in 2001, will use EAP to more effectively understand and manage organizational performance Organizational performance comprises the actual output or results of an organization as measured against its intended outputs (or goals and objectives). Specialists in many fields are concerned with organizational performance including strategic planners, operations, as well as, improve upon current budgeting, consolidation, analysis, and reporting processes. "Borders was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a BPM solution that would maximize the productivity of our planning cycle and streamline various analytical processes. OutlookSoft provides Borders with a customizable EAP solution that gives us enhancements to process controls related to planning and analysis. EAP also leverages familiar Web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. and Microsoft(R) Excel environments, which has made it extremely easy for us to set-up, train users, and administer," said Gregg Bodnar, vice president of finance, Borders Group. EAP offers Borders a unified, single application for budgeting, consolidation, analysis, and reporting capabilities. With the ability to link structured data (residing in corporate databases) to unstructured data Data that does not reside in fixed locations. Free-form text in a word processing document is a typical example. Contrast with structured data. See free-form database. (originating internally on employee desktops and/or externally) such as PowerPoint(R) presentations, email attachments, Excel spreadsheets and Web site links, EAP is designed to facilitate a comprehensive, collaborative business environment across the extended organization to better understand company performance, both financial and beyond. "Borders Group has become a global icon in the book and music retailing arena," said Mike Morini, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , OutlookSoft. "Their success is evidence that Borders places a high priority on delivering both customer value and corporate results. We are pleased to partner with them in their continued growth and attainment of future strategic goals and objectives." About Borders Group Borders Group, Inc., is a leading global retailer of books, music, video and other information and entertainment items with stores 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. , United Kingdom, Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Singapore, and the commonwealth of Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . A FORTUNE 500 company headquartered in Ann Arbor, Mich., Borders Group employs 32,000 employees worldwide and operates over 375 Borders domestic superstores, 23 International Borders stores, 36 Books etc. locations and 815 Waldenbooks stores. Teamed with Amazon.com, the company also offers online shopping through www.borders.com. About OutlookSoft Corporation OutlookSoft Corporation is a leading provider of business performance management (BPM) software that enables companies to plan, understand and leverage their performance - financial and beyond - from a single, unified application. The company's Web-based solution, EAP, delivers real-time consolidation, budgeting, analysis, planning, forecasting, reporting, and process management to managers across the extended enterprise. By linking structured data (database-driven) to unstructured data (originating at employee desktops) and leveraging familiar, easy to use environments like Microsoft Excel and a standard Web-browser, EAP facilitates the user-friendly exchange of organizational knowledge to every manager throughout the enterprise. OutlookSoft also provides consulting, training, implementation, and ongoing product/client support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . In the past year, OutlookSoft received industry recognition-- most recently, by Computerworld as a Top 100 Emerging Company for 2002; by Intelligent Enterprise as one of 48 Companies to Watch; and by DM Review to the 100 List for 2001. Founded in 1999 and headquartered in Stamford, Connecticut, OutlookSoft is financed by Pequot Ventures, GE Equity, ML Taurus, and Merrill Lynch Ventures. Since its founding, OutlookSoft has secured nearly one hundred customers across many diverse industry segments in both the United States and Europe. Visit www.outlooksoft.com or call 203 964.3100 for more information. OutlookSoft and Enterprise Analytic Portal are registered trademarks of OutlookSoft Corporation. Microsoft and PowerPoint are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries. All other brand or product names are the trademarks of their respective companies. |
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