BusinessObjects EPM XI Delivers the First and Only Complete Close and Forecast and Cost Control Solutions for the Office of Finance.
SAN JOSE, Calif. & PARIS -- Business Objects (NASDAQ:BOBJ)(Euronext Paris ISIN code: FR0004026250 - BOB), the world's leading provider of business intelligence (BI) solutions, today announced the release of BusinessObjects[TM] EPM XI, a fully integrated suite of best-of-breed enterprise performance management (EPM) applications, which now delivers the first of a new range of unique performance management solutions designed to address real business challenges for the CFO and operational decision makers throughout the organization.
"On the heels of leaping into the top three ranking of enterprise performance management software, we believe we have delivered a market-changing solution with our CFO Suite," said Mark Doll, senior vice president and general manager, Enterprise Performance Management and Global Services at Business Objects. "The CFO's position has never been more challenging. BusinessObjects EPM XI is the first solution to offer a complete view of performance from forecasts to profitability and cost analysis through the financial close all from a single integrated suite."
A Single Source of Financial Truth: The First Fully Integrated EPM Solution
With BusinessObjects EPM XI, Business Objects delivers an unparalleled solution to the market place. As the first EPM suite to incorporate financially intelligent EPM, BI, data integration and data quality capabilities, BusinessObjects EPM XI offers a complete solution helping customers become leaders in their field. In completing the integration of the Cartesis and ALG product lines into BusinessObjects EPM XI in just five months, the Company now combines powerful finance, performance management, governance risk and compliance and profitability tools with Business Objects' proven business intelligence platform. BusinessObjects EPM XI uses a single integrated data model, the BusinessObjects IDM, which is the cornerstone of the solution and ensures data accuracy and consistency across all EPM processes.
"This fully integrated solution focuses on our customers' biggest pain points," said Trevor Walker, vice president, product marketing, Enterprise Performance Management at Business Objects. "Instead of buying a set of applications that must then be linked together BusinessObjects EPM XI takes care of the integration and software reconciliation by delivering an all inclusive solution. With integration done, we're focused on innovating our products and delivering solutions to address key business challenges and the core business drivers that influence greater performance."
By leveraging the combined EPM and BI capabilities of BusinessObjects EPM XI, and the experience and domain expertise of Business Objects Global Services team and Center of Excellence, the Company has now successfully delivered the first of a new range of solutions designed to address key CFO business pains. The first two are called "The Close" and "Forecast and Cost Control" and are released in tandem with BusinessObjects EPM XI. Additionally, Business Objects is releasing Objectives Management and two new analytical applications from the Business Objects Center of Excellence -- Supply Chain Analytics and Funds Transfer Pricing.
The Close: Faster and Better Quality Financial Disclosure
A comprehensive, world-class solution allowing companies to complete their financial close quickly and with quality, BusinessObjects The Close leaves more time to devote to the value-added activities that drive profitability and innovation. Customers will benefit from the market's most powerful reporting and consolidation engine in BusinessObjects Finance, alongside the unique governance risk and compliance capabilities of BusinessObjects Financial Governance. The solution delivers more efficient reporting processes, improved control systems and ultimately better quality financial disclosure. With The Close customers can automate their financial close, integrate processes and solutions across BusinessObjects EPM XI, and enable incomparable flexibility while still maintaining the control and integrity of key financial processes.
Forecast and Cost Control: Optimization of Financial Forecasting
In addition to The Close, Business Objects offers Forecast and Cost Control, combining exceptional financial forecasting with operational planning capabilities based upon BusinessObjects Planning and BusinessObjects Performance Optimization. This new solution helps organizations link financial and operational plans across all business functions. With BusinessObjects Forecast and Cost Control companies can incorporate constraints and sophisticated operational models with financial forecasts to expose interrelationships between volumes, revenues, available resources, and costs, ensuring accuracy, fostering more employee participation, controlling costs, and maximizing profitability.
BusinessObjects EPM XI is expected to be generally available on September 30, 2007.
To learn more about BusinessObjects EPM XI and its roadmap, please visit http://www.businessobjects.com/cfosuite.
About Business Objects
Business Objects has been a pioneer in business intelligence (BI) since the dawn of the category. Today, as the world's leading BI software company, Business Objects transforms the way the world works through intelligent information. The company helps illuminate understanding and decision-making at more than 44,000 organizations around the globe. Through a combination of innovative technology, global consulting and education services, and the industry's strongest and most diverse partner network, Business Objects enables companies of all sizes to make transformative business decisions based on intelligent, accurate, and timely information.
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.
Safe Harbor for Forward-Looking Statements
Certain sections of this press release contain forward-looking statements that are based on assumptions regarding product release dates and features which will be included. However, these statements are not guarantees of the date of availability, which may be delayed or cancelled, or of the availability of features mentioned, which may be changed or removed prior to release. Statement such as "expected" denote forward-looking statements, and the word "release" refers to pre-release marketing activities and does not denote general availability. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. More information about potential factors that could affect Business Objects' business is included in Business Objects' Form 10-K for the year ended December 31, 2006 and Form 10-Q for the quarter ended June 30, 2007, each of which is on file with the SEC and available at the SEC's website at www.sec.gov. All forward-looking statements speak only as of the date of this press release. Business Objects is not obligated to undertake any obligation to update these forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
The Business Objects logo, BusinessObjects, and EPM XI 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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|Date:||Sep 12, 2007|
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