Cartesis Strengthens Customer Offering With Launch of New BPM Suite; Delivers Comprehensive Planning Capability Coupled with Full Integration, Flexibility and Enhanced Granularity.

Business Editors/High-Tech Writers

NORWALK, Conn.--(BUSINESS WIRE)--May 11, 2004

Cartesis has strengthened its business performance management (BPM) offering ahead of its competitors with the launch of the new Cartesis Suite v9.

Additions to the solution include integrated budgeting and planning capabilities - ensuring the full interrelation of BPM processes to inject greater speed, consistency and simplicity into the performance management cycle. Unlike other solutions on the market, the suite provides a single source for all data and meta-data, drawn from a central database ensuring unrivalled levels of accuracy, control and reliability.

This launch further builds upon Cartesis' ability to deliver a fully integrated, global BPM vision. Cartesis' Integrated Data Model brings the vision to reality and is unmatched by others in the BPM market. The result is a fast and highly flexible solution offering a rich breadth and depth of analysis based on data of the highest quality.

The new planning solution is based on market research, prospect, and client feedback. Over 60% of the existing Cartesis BPM clients already use Cartesis solutions for planning. This new release delivers a unique combination of control, flexibility and integration enhancing the experience for both new and existing users.

"We have built on our existing suite to fulfill this vision, and the result is an offering uniquely positioned to deliver the performance management goals of global organizations." said Marie-Noelle Gauthier, CEO at Cartesis. "BPM shouldn't be over simplified; the reality is that BPM processes are intertwined. Today's leading companies are looking for a truly integrated solution rather than one that is labeled a suite, but in reality is simply disparate applications pieced together. We have used our domain knowledge to create a distinct integrated platform, based on a central Integrated Data Model (IDM), to help organizations achieve their critical business goals."

Another area where the Cartesis Suite has moved ahead of the competition is the introduction of Invoice Level Matching for intercompany reconciliation, bringing unrivalled depth and granularity to key financial processes. Cartesis Intercompany Server, a module of the Cartesis Suite, supports peer-to-peer intercompany reconciliation via the web allowing companies to save time during the reporting period and publish financial results earlier.

"Cartesis is a leader in integration between data, people and processes, creating a single system which allows you to do planning, budgeting and forecasting," said Kathleen Wilhide, Research Director for Financial Compliance and Business Performance Management, IDC. "These individual functions have to be linked together for successful business performance management within an organization. Cartesis has integrated flexible features for individual users with a controlled planning environment, to help businesses increase productivity, efficiency and improve decision making."

"While other organizations have evangelized a vision of unified BPM, we've listened to customers and worked hard to actually achieve it. The result is a suite which solves real business issues in an intelligent, integrated, and flexible manner, yet delivers effective control over processes providing confidence in the quality, accuracy, and delivery of information," Gauthier concluded.

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. The company maintains offices in Brussels, Frankfurt, London, Madrid, Norwalk, CT, Paris, Tokyo and Utrecht. Cartesis products give global companies the analytic capacity 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 100 use Cartesis solutions to obtain unprecedented command over their financial information and processes. www.cartesis.com

About the Cartesis Suite

The Cartesis Suite, Cartesis' flagship offering, is a fully integrated, Web-based solution for Business Performance Management and which supports the key financial management activities of planning, budgeting, statutory consolidation, management reporting, performance management, forecasting and shareholding management.

It has been expressly developed for the complexity of multinational business environments and provides native support for multi-lingual, multi-GAAP, multi-partner, multi-product, multi-currency and multi-market operations, as well as managing complex cross-ownership of multiple entities.

To facilitate rapid analysis and decision-making, the Cartesis Suite aggregates and delivers the freshest information from across the global enterprise, providing analytic intelligence that surpasses traditional reporting. It automates and streamlines the entire financial analysis lifecycle to provide an accurate financial picture at any time across the complete spectrum of enterprise information silos: financial, operational, tax and legal.

In turn, the Cartesis Suite provides CFOs with a strategic platform for achieving critical business goals by helping them communicate the complete corporate story, clearly articulate value propositions and make decisions in real-time.

For further press information and photography please contact:

Yasmeen Coning, Lewis PR, 617 454 1106

Email: [e-mail]

Web site: www.lewispr.com

For sales inquiries, please contact Cartesis:

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Web site: www.cartesis.com