Boston Private Bank & Trust Company Selects Acteon BudgetGuide For Strategic Planning Solution.WESTFORD, Mass. -- Acteon Technologies, Inc. announced today Boston Private Bank & Trust Company has selected Acteon BudgetGuide GPS as its business planning solution. Boston Private Bank & Trust, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Boston Private Financial Holdings, Inc (Nasdaq: BPFH BPFH Boston Private Financial Holdings, Inc BPFH Bastard Programmer from Hell ), is a leading provider of private banking and investment management services to businesses and individuals throughout New England. Delivering a high level of customer service and attention to local communities, Boston Private Bank and Trust has shown tremendous growth in the last decade - more than doubling its assets from 2000 to 2004. In 2004, the bank reported $1.9 billion in assets and $65 million in revenues. With seven offices and plans to expand further in Eastern Massachusetts, the Bank 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 robust solution to manage its budgeting and forecasting processes. After reviewing several budgeting and forecasting solutions, bank executives chose Acteon BudgetGuide GPS. "The executive dashboard, the ease of use, and ease of management were important factors in selecting Acteon BudgetGuide GPS," explained Dan Barrie, Boston Private Bank and Trust Senior Vice President and Corporate Controller. Mr. Barrie went on to say, "We were also impressed by the powerful 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. engine included in the software. As we decentralize de·cen·tral·ize v. de·cen·tral·ized, de·cen·tral·iz·ing, de·cen·tral·iz·es v.tr. 1. To distribute the administrative functions or powers of (a central authority) among several local authorities. the decision-making process, we plan to use the drill-down capabilities to compare our actual results to budget and budget to forecast. Managers can analyze their own cost center performance and gain a much better understanding of their budgets and forecasts." "Boston Private Bank and Trust is a great example of an Acteon BudgetGuide customer," said Chris Lorch, President of Acteon Technologies, "Its strong growth requires more powerful solutions to manage their strategic planning processes and more information available throughout the company. We are pleased to work with such an innovative and progressive organization." Acteon BudgetGuide GPS is a member of the Acteon BudgetGuide portfolio of business planning tools. The planning, budgeting, and forecasting solutions help companies improve information collection and analysis while saving time and money during the strategic planning process. BudgetGuide GPS includes a powerful 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. (OLAP) engine that gives users strategic planning capabilities with the ability to drill down into their budgeting and forecasting data. The executive dashboard provides a view of corporate performance with alerts and notifications so that users can keep abreast of changes in key performance indicators Key Performance Indicators (KPI) are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organization. KPIs are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. (KPI KPI Key Performance Indicator KPI Kuwait Petroleum International KPI Kiev Polytechnic Institute (Ukraine) KPI Kernel Programming Interface KPI King Pin Inclination (vehicle steering geometry angle) ). The Acteon BudgetGuide product family is available from Acteon Technologies and its certified resellers. For more information, please visit our web site at www.acteontechnologies.com. About Acteon Technologies Based in Westford, Massachusetts, Acteon Technologies, Inc. is a developer of high quality business solutions for small and middle market companies. With its Acteon BudgetGuide(TM) family of strategic planning and business intelligence products, Acteon is working to fill the gaps in business functionality left by most Enterprise Resource Management (ERM (Enterprise Relationship Management) An umbrella term with many shades of meaning over the years. It may refer to the management of information from any or all of an organization's customers, suppliers, business partners and employees. ) and General Ledger General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. (G/L (General Ledger) G/L is often the acronym for the general ledger application in an organization. The general ledger maintains a summary of financial accounts for the business. ) accounting applications. Acteon Technologies was founded in 2001 and is privately held. For more information about Acteon Technologies and Acteon BudgetGuide, visit www.acteontechnologies.com. About Boston Private Bank & Trust Company Established in 1987, Boston Private Bank offers deposit and cash management services, residential mortgages, investment management services, and commercial banking for both individuals and businesses. The Bank is a leader in residential lending and provides commercial banking services to many of New England's leading small and mid-size corporations. Under its Accessible Banking program, the Bank is an active provider of real estate financing for affordable housing, economic development, and small businesses. Boston Private Bank's investment management emphasis is on mid- to large-cap equity and actively managed fixed income portfolios. For further information, visit bostonprivatebank.com. Acteon BudgetGuide and Acteon BudgetGuide GPS are trademarks of Acteon Technologies. |
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