Cartesis Consolidation Application at Nissan Recognized by Ventana Research Award Program; Global Automotive Giant Praised for Outstanding Financial Performance Management.

NORWALK, Conn. -- Cartesis, the world's leading specialist in finance and performance management software, today announced that Nissan Motor Co., Ltd. was recognized by Ventana Research for its use of Cartesis for global financial consolidation, management reporting and budgeting and forecasting processes.

Nissan uses Cartesis to consolidate full profit and loss, balance sheet and cash flow statements for 234 companies. This has enabled Nissan to reduce its book closing time from 33 days to 10. Over 550 users at Nissan can now produce monthly profit and loss, balance sheet, and cash flow statements with detailed analysis and comparisons within 10 minutes.

Information under J-GAAP and IFRS, including some US-GAAP financial statements for its US subsidiary group, is processed automatically. As a result of implementing Cartesis Finance, Nissan has been able to build a powerful management tool giving visibility on its financial and business performance. By delivering tangible performance improvements to its management processes, the Cartesis solution has helped Nissan to manage the achievement of all the main commitments of the "Nissan 180" business plan - namely, to increase vehicle sales by one million units compared with fiscal year 2001, achieve an operating profit margin of 8% and to reduce its net automotive debt to zero.

"What Nissan is doing is tremendous," says Mark Smith, CEO and EVP of Research at Ventana Research. "They set lofty goals for themselves and were able to accomplish them by implementing new processes and supporting technology. This really is a 'best practice' in how large organizations can leverage performance management software to improve financial reporting and the speed and accuracy of the close."

"Cartesis partners with each of its clients to help them build value and establish themselves as industry leaders," says Didier Benchimol, CEO of Cartesis. "Nissan has an award-winning application for financial consolidation and reporting that stands as an example for other large multi-national organizations. Cartesis is proud to be a part of Nissan's success."

About Nissan

Established in 1933, Nissan Motor Co. Ltd., Nissan Motor Co., Ltd., is a leading Japanese automaker, selling more than 3.5 million passenger and commercial vehicles in 190 countries annually. In 1999, Nissan signed a strategic alliance with Renault SA of France. Together, they have global sales of more than 6 million vehicles a year, ranking them among the top-four global automakers.

Nissan Motor Co., Ltd. web site: http://www.nissan-global.com/EN/index.html

About Cartesis

Cartesis is the world's leading specialist in finance and performance management software with more than 1,300 corporate customers, 600 employees and 200 consultants worldwide. Created in 1990, Cartesis provides insight, control and confidence by unifying information, people and processes at demanding multinationals like Air France KLM, Cargill, Danone, Diageo, Nissan, Societe Generale and Standard Life. One in four of Fortune Global 100 companies rely on Cartesis' deep financial expertise and standard-based technology for compliance, financial consolidation, management reporting, planning, budgeting, forecasting, intercompany reconciliation; all unified in a single data-model that can be leveraged by internal and external users. Cartesis' partners include Microsoft, Accenture, Bearing Point, Ernst & Young, KPMG and PricewaterhouseCoopers. Cartesis has customers in 44 different countries and offices in Brussels, Frankfurt, London, Norwalk (CT), Paris, Tokyo, Toronto and Utrecht. For more information, go to www.cartesis.com.

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