Business Objects Announces Planning and Budgeting Solutions for Retail; New Solutions Help Retailers Optimize Financial and Operational Performance, Create Accountability, and Foster Collaboration.ORLANDO, Fla. -- In the fiercely competitive and dynamic retail industry, successful retailers must be able to accurately forecast financial performance and improve collaboration across the company. To address the unique challenges of retailers, 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 solutions, today announced new budgeting and planning solutions for the retail industry. With Business Objects Planning for Retail, retailers can model and optimize performance, create accountability to corporate goals, and promote intra-departmental collaboration. Building on existing analytic solutions for the retail industry, Business Objects now offers customers a comprehensive set of capabilities that enable retailers in any functional role -- including finance, merchandising, supply chain, and store operations -- to improve operational and financial performance. "As a rapidly growing, multi-channel cosmetic retailer and manufacturer, we're adding new stores and continually refining refining, any of various processes for separating impurities from crude or semifinished materials. It includes the finer processes of metallurgy, the fractional distillation of petroleum into its commercial products, and the purifying of cane, beet, and maple sugar our sales channels to ensure we maximize our resources and meet the evolving needs of our customers," said Charles Bracher, vice president of finance at MD Beauty, manufacturer of Bare Escentuals. "By implementing Business Objects Planning for Retail, we now are able to receive valuable input from our retail sales channels, collaborate effectively with our stores, and adjust our modeling and 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. as necessary, ensuring that our budget is accurate and insightful." "Business Objects understands the specific challenges retailers face, which is why our retail strategy has been so successful -- right now 160 of the top global retailers rely on Business Objects to improve performance," said Tom Malone Tom Malone may refer to:
Business Objects Planning for Retail consists of four new applications for more precise budgeting, forecasting, plan reporting, and payroll planning. This solution enables retailers to conduct comparable store forecasting, sales calendarization, operational expense management, and multi-channel sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a . Unlike other performance management solutions available, Business Objects Planning for Retail allows individual business units to develop and refine financial models based on their unique drivers and processes. Breaking Down Barriers and Increasing Collaboration Collaboration between the finance department and other parts of the company is critically important to retailers' ability to quickly respond to changing conditions. But in a typical retail organization, finance executives and managers from different departments make decisions in isolation and without a holistic Holistic A practice of medicine that focuses on the whole patient, and addresses the social, emotional, and spiritual needs of a patient as well as their physical treatment. Mentioned in: Aromatherapy, Stress Reduction, Traditional Chinese Medicine view of all financial metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. . With Business Objects Planning for Retail, information from multiple layers of the retail organization -- such as regional management, various sales channels, operations, and finance -- can be shared across locations and lines of business. With the ability to collaborate across the organization, the finance department can incorporate operational and qualitative data into the budget, and move the planning focus from data auditing and consolidation to predictive analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. . Business Objects Servers Retailers Business Objects has a long history as the leading provider of innovative solutions, applications, and services that address the particular needs of retailers. For instance, Business Objects provides pre-configured analytic solutions that enable retailers to identify the optimal store assortment, accurately profile their customers, and better manage vendor performance. Currently, Business Objects helps optimize and improve performance for eight of the top ten largest retailers worldwide including Wal-Mart.com, Tesco, Carrefour, and Auchan. Pricing and Availability Business Objects Planning for Retail is generally available now. For more information please visit the Business Objects website: www.businessobjects.com/planning. 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 the company offers consulting and education services to help customers effectively deploy their business intelligence projects. Business Objects has dual headquarters in 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., 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, WebIntelligence, and Crystal Reports 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 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 names mentioned herein may be trademarks of their respective owners. |
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