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Comshare Budgeting and Performance Measurement Applications Save Time and Money by Automating Budgeting Process.


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)--May 19, 1998--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
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) is a leading supplier of financial application software for management planning and control for both client/server and Web environments. Today, one Comshare client is moving toward a completely automated budgeting system that uses the Web for collection and dissemination of information. The company's representatives believe that Comshare BudgetPLUS(TM), Decision(TM), and DecisionWeb(TM) application software will help get them there.

Vision realized with BudgetPLUS and Decision. _____________________________________________

"I want to completely automate our budgeting system," says Brian Peters Brian Peters may mean:
  • Brian Peters (American musician) American record producer and musican.
  • Brian Peters (boxing promoter) Irish Boxing Promoter
  • Brian A. Peters (Entrepreneur and Author) American Businessman and developer of the website www.SPLITAMILLION.net.
, controller for Republic Bank, headquartered in St. Petersburg, Florida St. Petersburg (often shortened to St. Pete) is a city in Pinellas County, Florida, United States. The city is known as a vacation destination for North American and European vacationers, as well as a politically important battleground in U.S. Presidential politics. . "My vision is to have a budgeting application on managers' desktops. From there, they can send information to one central location. Comshare's applications will help make that vision a reality."

BudgetPLUS(TM), Comshare's flagship budgeting application software, offers the flexibility of a spreadsheet with the control of a general ledger General Ledger

A company's accounting records. This formal ledger contains all the financial accounts and statements of a business.

Notes:
The ledger uses two columns: one records debits, the other has offsetting credits.
. Comshare Decision(TM) and Comshare DecisionWeb(TM) dominate the marketplace in the area of performance measurement applications. The common architecture of these applications provides an ideal solution for companies that want to integrate budgeting and performance measurement to monitor ongoing progress toward strategic goals and insure that strategic initiatives are adequately resourced.

Ease of use and flexibility are important features. ___________________________________________________

Frank Wilson Frank Wilson is the name of at least six people:
  • Frank Wilson, former songwriter and record producer for Motown Records;
  • Frank Wilson, premier of Western Australia in 1910–1911 and 1916–1917.
, manager of financial analysis for Republic, was put in charge of getting the new budgeting system operational. "Our goal is to have the complete system in place by the end of 1998, in time for the 1999 budgeting year," says Wilson. "BudgetPLUS uses an Excel front end. That is very appealing to us because it allows managers to input information easily, without having to be computer experts."

Budget information need only be input once. Because it's all done electronically, changes can be made quickly. "And BudgetPLUS allows us to save several different variations of a budget. It's really easy to move cost centers around in the system," says Wilson. "The man-hours saved in getting presentation-quality budget information to management is an extra bonus."

Expertise plays a major role in choosing Comshare over other vendors. ____________________________________________________________

"The fact that Comshare has been in business for more than 30 years was a key factor in our decision," says Peters. "We will continue to move toward a more automated environment that's user-friendly to our staff. Comshare's heading us in the direction we need to go to get there." And according to according to
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2. In keeping with: according to instructions.

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 Wilson, "Comshare consultants were able to understand our business needs and create a system that would deliver the information we wanted. The true test was when Republic put an additional requirement on the Comshare consultants: The system had to be operational in eight weeks or less. Comshare delivered."

About Comshare ______________

Comshare is a market-leading provider of performance measurement, budgeting, financial consolidation and reporting, and retail strategic merchandise management software applications. Comshare develops, markets, and supports complete client/server and Web-based analytic applications Analytic Applications are a type of business application software, used to measure and improve the performance of business operations. More specifically, Analytic Applications are a type of Business Intelligence solution. . Comshare applications incorporate innovative data visualization See information visualization.  and Guided Analysis(TM) capabilities designed to improve decision-making for enhanced competitiveness and improved profitability. These applications are popular among major corporations in many industries, with particular concentration in the retail, 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, 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. Our strong customer orientation Customer orientation (CO) is the set of beliefs in sales that says that customer needs and satisfaction are the priority of an organization. It focuses on dynamic interactions between the organization and customers as well as competitors in the market and its internal stakeholders. , application expertise, and commitment to the best technologies have made us one of the top 100 independent software companies, with customers around the world, many of which are Fortune 500 and Financial Times Top 1000 companies. Comshare, Inc. is a Microsoft Certified Solution Provider. For information on Comshare, call 1-800-922-7979, e-mail info@comshare.com, or visit Comshare's Web site at http://www.comshare.com.

Comshare is a registered trademark; Guided Analysis, Comshare BudgetPLUS, Comshare Decision, and Comshare DecisionWeb are trademarks of Comshare, Inc. All other trademarks are the property of their respective holders.

CONTACT: Comshare, Inc.

Sandy Ellinger, 734/769-6194

sellinger@comshare.com

http://www.comshare.com/home2.htm

or

Eiler Communications

Erika Hoeft, 764/761-3399

erika@eilerpr.com
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 19, 1998
Words:649
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