Cartesis Brings Greater Confidence to CFOs; Launches Magnitude 8.3 to deliver the story behind the numbers to senior business decision-makers.Business Editors/High-Tech Writers NORWALK Norwalk (nôr`wôk'). 1 City (1990 pop. 94,279), Los Angeles co., S Calif.; settled in the 1850s, inc. 1957. With the arrival (1875) of the Southern Pacific RR, it became a center for the dairy and logging industries, but , Conn.--(BUSINESS WIRE)--Sept. 4, 2003 Cartesis has launched Magnitude 8.3 to provide CFOs with a new level of financial analysis and scalability How much a system can be expanded. See scalable. scalability - How well a solution to some problem will work when the size of the problem increases. For example, a central server of some kind with ten clients may perform adequately but with a thousand clients it . The product provides much needed peace of mind at a time when two-thirds of CFOs report a lack of confidence in their financial data(a). The solution includes significant new features which allow deeper, richer access to data, providing executives with the full story behind the numbers. The improvements delivered by multi-web server and cluster support, ensure that CFOs can regain confidence in their reporting cycles - at a time when ever more rigorous regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. are being placed upon them. These new requirements not only place an added burden on the CFOs to report accurately and on time, but also force them to demand that Business Performance Management systems are as reliable as other mission critical applications. With Magnitude 8.3, CFOs get a system that can process and analyze the vast amounts of complex data that multinational organizations need and rely upon, without their teams having to work longer and harder to get the job done. "Our software enhances the ability of both financial and non-financial users to analyze accounts, while having greater confidence in the generation of financial figures," said Marie-Noelle Gauthier, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cartesis. "This new version of Magnitude provides a truly multi-multi-dimensional view of the business, so companies can analyze performance in any way simply and easily. This, combined with the ability to tell them why things have happened (instead of just that they have) makes it a compelling and reliable tool for today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. environment." NOTES TO EDITORS About Cartesis Cartesis provides CFOs with a unique business performance management solution to deliver the whole 'story behind the numbers' with unparalleled clarity and insight. Leading multinational companies around the globe rely on Cartesis software applications to get the full picture and offer timely and relevant information to their stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. . The company maintains offices in Brussels, Frankfurt, London, Madrid, Norwalk (CT), Paris, Tokyo and Utrecht. Cartesis products give global companies the analytic capacity In complex analysis, the analytic capacity of a compact subset K of the complex plane is a number that denotes "how big" a bounded analytic function from  can become. and the flexibility they need to assess the rapid changes in their market places. One in five of the Fortune Global 100 and more than 30% of the Financial Times European Europeanemanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. 100 use Cartesis solutions to obtain unprecedented command over their financial information and processes. For more information about Cartesis, please visit our website at www.cartesis.com. (a) Research commissioned by Cartesis, carried out by Coleman Parkes with senior finance professionals across 150 of the world's largest organisations |
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