Closedloop Solutions Releases Dynamic Financial Coordination Platform for High-Velocity Companies; Hosted Solutions Enable Rapid Response to Changing Business Conditions.

Business Editors, High-Tech Writers

SAN CARLOS, Calif.--(BUSINESS WIRE)--Oct. 10, 2000

Closedloop Unveils SpendCap(TM) Manager for High-Velocity Companies

Closedloop Solutions, Inc. announced the availability of Closedloop 2.0, the company's solution for dynamic financial coordination. Hosted by Closedloop and delivered securely over the Internet to standard Web browsers, the Closedloop platform transforms the planning processes of high-velocity companies from a cumbersome, bottom-up, batch-oriented exercise into an intuitive, market-driven, real-time resource alignment process.

"AMR Research applauds the vision of Closedloop's Web-based dynamic financial coordination and its potential to improve efficiency in capital and strategic resource utilization," said Bettina Zwerdling, Senior Analyst, writing in The AMR Alert on Enterprise Application, September 19, 2000. "Closedloop's product functions are designed to take full advantage of Web-centric collaboration tools and the real-time intuition of field managers. With this tool, executives can capture, challenge and collaborate around rapidly changing basic business assumptions."

Closedloop 2.0 helps companies quickly shift spending capacity to align with market conditions and financial performance objectives by dramatically reducing the time required to sense and respond to changing conditions. It enables high-velocity companies to move as fast as the markets they serve by switching away from annual or quarterly financial planning--and the associated patchwork of budget, forecast, update and outlook processes that slow the flow of information--to a "real-time response to change" capability.

Next Generation Dynamic Financial Coordination Platform

Closedloop 2.0 offers the first Dynamic Financial Coordination platform that enables high speed, end-to-end financial planning for high-velocity companies. Architected with an innovative use of proven technologies and platforms, Closedloop 2.0 is a reliable, scaleable and easy-to-use solution with state-of-the-art capabilities.

The Closedloop 2.0 core applications include:

Closedloop BizPlan(TM) Manager: Assists companies in financial

performance modeling to rapidly convert new data into

organizational business guidance. This includes determining and

refreshing spending assignments in the context of pro forma 

financial statements that provide a comprehensive view of expected

profit and loss and cash flow performance.

Closedloop SpendCap(TM) Manager: Helps companies allocate

financial resources based on up-to-date business conditions,

rapidly communicating information throughout the company and

integrating revisions to the financial expense, headcount, and

capital plans with minimal time and effort of operating managers.

Managing Uncertainty and Maintaining Velocity

Closedloop 2.0 enables companies to invest faster on a schedule dictated by management discretion, not by the long lead times required by mechanical planning cycles. Maximum top-line revenue is the result of a multitude of interdependent resource assignments across departments that capture every available source of business advantage. The torrid pace of change becomes an opportunity and a virtuous cycle rather than a risk to be avoided.

"Our industry is characterized by tremendous growth prospects coupled with extreme uncertainty," said Trevor Roots, Worldwide Controller for JDS Uniphase. "Moving fast to ensure that all available resources are deployed on the right set of opportunities is key to our sustaining success. We need to operate at peak volumes to fulfill the demand for our systems while investing in solutions for tomorrow. We expect that Closedloop SpendCap Manager will help ensure that all our resource managers are alerted to the financial plan and able to act quickly on new opportunities in a coordinated way."

Availability

Closedloop 2.0, incorporating SpendCap Manager and BizPlan Manager is available immediately on an enterprise-wide subscription basis. For maximum effectiveness, SpendCap Manager should be made available to all business managers with resource management responsibilities within a company. BizPlan Manager should be deployed to managers with profit and loss responsibility and those supporting the financial planning and analysis process.

All users access the software from a standard Web browser and require zero training to navigate the product's self-evident and easy-to-use, point-and-click interface. The platform's architecture facilitates rapid deployment and easy maintenance by business users during periods of rapid change.

About Closedloop Solutions, Inc.

Closedloop Solutions offers the first Dynamic Financial Coordination solutions that enable high speed, end-to-end financial planning for high-velocity companies. This Web-native, real-time hosted platform creates superior forward visibility of market opportunities and provides the ability to rapidly align resources against them. Privately funded by Sutter Hill Ventures, Draper Fisher Jurvetson and other prominent Silicon Valley leaders, Closedloop Solutions is headquartered in San Carlos, California. For more information about Closedloop, please visit the company's Web site at www.cloop.com.

Closedloop, Closedloop SpendCap Manager and Closedloop BizPlan Manager are trademarks of Closedloop Solutions, Inc.

All other trademarks and company names mentioned are the property of their respective owners.