Chauvco Budgets and Forecasts More Efficiently With Comshare's BudgetPLUS; Canadian Oil and Gas Firm Gets Consistent Budget Definition and Distribution.ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--Nov. 3, 1997--Comshare(R), Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CSRE CSRE Comparative Studies in Race and Ethnicity CSRE Closed System Respirator Evaluator ), The Decision Support Company(R), announced today that Chauvco Resources Ltd., a Calgary, Alberta-based oil and gas company, has implemented Comshare's Commander BudgetPLUS(TM) application software at its corporate headquarters, to handle its budgeting and forecasting needs. Chauvco's purchase of BudgetPLUS complements its purchase of Comshare's Commander Decision(TM) performance measurement application software. Selected for Better Budgeting, Decision-Making decision-making, n the process of coming to a conclusion or making a judgment. decision-making, evidence-based, n a type of informal decision-making that combines clinical expertise, patient concerns, and evidence gathered from and Productivity "We found a need for a company-wide budgeting and forecasting application that had to be installed in a very short time frame and solved several key issues," said Tom Elser, Senior Accounting Analyst at Chauvco. "In the past, we've had to deal with individual spreadsheets The following is a list of spreadsheets. Freeware/open source software Online spreadsheets
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. database. With BudgetPLUS, we've removed the problems of budget collection and are now able to easily consolidate the budget at a moment's notice." The ability to forecast using BudgetPLUS was another key factor in Chauvco's purchase decision. "In order to plan more accurately throughout the year, budgeting will be a continuous process," continued Elser. "We recently completed our first budget cycle using BudgetPLUS. As actual data is collected, we will re-forecast our budgets quarterly, using the application's ability to update forecasts based on actuals Actuals 1. A term used to describe the underlying in future and forward contracts, dealing with commodities rather than financial instruments. 2. A term used to describe a securities historical volatitity. Notes: 1. ." More than 30 employees responsible for forecasting and budgeting in the firm's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. enterprises are expected to use BudgetPLUS. Consolidation of all the data will take place at Chauvco headquarters. Elser added that remote users will eventually be able to input data via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . For more information about Comshare and its products, call 1-800-922-7979, send an email request to info@comshare.com, or visit Comshare's Web site at http://www.comshare.com . About Chauvco Resources Chauvco Resources Ltd. conducts oil and natural gas exploration and production in three major regions of the world -- Canada, Argentina and Gabon. These business units provide Chauvco with a diverse portfolio of opportunities for growth through acquisition, exploitation, and exploration. 1996 marked the 15th Anniversary of Chauvco's operations in the western Canadian sedimentary basin The Western Canadian Sedimentary Basin (WCSB) is a vast sedimentary basin underlying 1.4 million square kilometres (550,0000 sq. mi.) of Western Canada including southwestern Manitoba, southern Saskatchewan, Alberta, northeastern British Columbia and the southwest corner of the . During the year, the Company's production averaged 28,000 barrels of oil equivalent per day. Chauvco continues to pursue new opportunities throughout the world, which meet its criteria for international investment and value creation. For further corporate information visit Chauvco's web site at http://www.chauvco.com . About Comshare Comshare is The Decision Support Company. Comshare develops, markets, and supports complete client/server and web-based decision support applications. Comshare's software applications are designed to improve business analysis, planning, and operations for effective decision making, enhanced competitiveness, and improved profits. Comshare's application software is popular among major corporations in many industries, with particular concentration in 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. , utilities, manufacturing, energy, services, retail and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and industries. One of the top 100 independent software companies, Comshare has customers worldwide, many of which are Fortune 1000 and Financial Times Top 1000 companies. Comshare, Inc. is a Microsoft Solution Provider. Comshare and The Decision Support Company are registered trademarks; Commander BudgetPLUS and Commander Decision are trademarks of Comshare, Inc. All other trademarks are the property of their respective holders. NOTE TO EDITORS: There is an "at" symbol between "info" and "comshare.com" above. There is also an "at" symbol after "dhockstad" and "erika" below. Those symbols may not appear properly in some systems. CONTACT: Comshare, Inc. Doug Hockstad, 313/994-6036 dhockstad@comshare.com or Eiler Communications Erika Hoeft, 313/761-3399 erika@eilerpr.com |
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