Business Objects Helps Zions Bancorporation Improve Return on Investment; Business Objects Enterprise Performance Management Solutions Helps Financial Institution Enhance Its Strategic Planning, Budgeting, and Forecasting.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. & PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- 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 Zions Bancorporation Zions Bancorporation (NASDAQ: ZION) is a member of the S&P 500, a bank holding company headquartered Salt Lake City, Utah. Its star subsidiary is NSB Public Finance. (Nasdaq:ZION) has selected Business Objects for enterprise performance management and business intelligence. Zions is using Business Objects enterprise performance management (EPM EPM equine protozoal myeloencephalitis. ) software to help the company efficiently create and evaluate strategic initiatives, develop accurate budgets and forecasts, measure performance, and analyze results. Zions is now in the process of upgrading to the new version of Business Objects EPM Solutions and deploying BusinessObjects(TM) XI Release 2. Zions operates more than 450 full-service banking offices and 500 ATMs in 10 western states, and has over $45 billion in assets. Zions owns eight separate banks in fast growth markets, allowing the community banks to operate independently. Using Business Objects budgeting, reporting, and strategic applications for Financial Institutions, Zions has streamlined the budgeting and forecasting process for both the company's corporate office and its affiliate banks. Zions can now produce two semi annual strategic plans, as well as a bottom-up cost center budget, in less time that it used to take to do a single bottom-up budget. With Business Objects performance reporting, Zions can also quickly determine the profitability of its loans and see where and when there are pricing problems. By radically shrinking its budgeting and reporting cycles, Zions has been able to develop long-term strategic financial plans for the first time -- resulting in a significant return on investment for the company. For example, one strategic plan Zions formulated using Business Objects contributed to the justification and supporting regulatory and rating agency documentation for a large merger. This financial plan bolstered the confidence of various internal and external stakeholders, and enabled the company to minimize the cost of debt to finance the merger -- saving the company nearly $30 million in funding costs over the next ten years. "The ease of use and customization for the banking industry provided by the Business Objects EPM software made it the most attractive solution for our planning, budgeting, forecasting, and consolidations needs," said H. Walter Young Walter Young is the name of the following people:
Standardizing on Business Objects for an Integrated BI and EPM Solution To address their needs for a world-class business intelligence platform, Zions has recently standardized on BusinessObjects XI Release 2. The company is also deploying several additional EPM solutions, including BusinessObjects Dashboard Manager, BusinessObjects Performance Manager, and Crystal Xcelsius(TM). These solutions will enable Zions to expand its use of dashboards, scorecards, and other data visualization See information visualization. methodologies to improve performance. In addition, Zions has purchased BusinessObjects Incentive Compensation Management to streamline and automate the administration of its variable compensation program. To help Zions tie together data from its disparate data sources, the company is deploying 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. . The metadata integration between Data Integrator and the Business Objects BI platform will allow Zions to see the impact of source changes and track data to its source. "We believe that Zions Bancorporation recognizes the importance of having a comprehensive solution that delivers on a broad range of performance management initiatives," said Tom Malone Tom Malone may refer to:
An asset that has a physical form such as machinery, buildings and land. Notes: This is the opposite of an intangible asset such as a patent or trademark. Whether an asset is tangible or intangible isn't inherently good or bad. to the company." About Business Objects Business Objects is the world's leading business intelligence (BI) software company, with more than 39,000 customers worldwide, including over 80 percent of the Fortune 500. Business Objects helps organizations of all sizes create a trusted foundation for decision making, gain better insight into their business, and optimize performance. The company's innovative business intelligence suite, BusinessObjects(TM) XI, offers the BI industry's most advanced and complete solution for performance management, planning, reporting, query and analysis, and enterprise information management. BusinessObjects XI includes the award-winning Crystal line of reporting and data visualization software. 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. About Zions Bancorporation Zions Bancorporation is one of the nation's premier financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies, consisting of a collection of great banks in select high growth markets. Zions operates its banking businesses under local management teams and community identities through over 450 offices and 500 ATMs in 10 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , Oregon, Texas, Utah and Washington. The company is a national leader in Small Business Administration lending and public finance advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. Investor information and links to subsidiary banks can be accessed at www.zionsbancorporation.com. The Business Objects logo, BusinessObjects, Crystal Reports, Intelligent Question, and Xcelsius are trademarks or registered trademarks of Business Objects in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners. |
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