Comshare Offers an Escape From the Nightmare of Spreadsheet Budgeting at Popular Briefings.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)--Sept. 22, 1998-- Users Find Budgeting Time and Effort Significantly Reduced Using Comshare BudgetPLUS "Enterprise budgeting based on spreadsheets alone has created a nightmare of rigidity, long hours, undetected errors, and endless waiting for answers," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Controller, Fortune 500 corporation. 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 ), a leading supplier of financial 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. for management, planning, and control, offers an end to the nightmare with Comshare BudgetPLUS(TM). BudgetPLUS is a client/server budgeting application with Web access as that gives users the flexibility and control needed to cut budgeting time and effort by at least 50%. To help financial executives and their staffs who want to take control of their organizations' budget process and learn more about the application, Comshare has announced its year-end schedule for the Company's popular breakfast briefings: "Escape from the nightmare of spreadsheet budgeting!" Briefing's popularity reflects budgeting needs of organizations. ________________________________________________________________ Attendees of the free breakfast briefing will see the results of an exclusive FEI FEI Fédération Équestre Internationale. Peer Group survey of top executives' budgeting needs and hear about budgeting success stories from the experiences of companies like Republic Bank, Sunoco Retail, and Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. that have implemented Comshare BudgetPLUS(TM). "Budgeting is a dreaded process in most organizations. Comshare's program focuses on common spreadsheet budgeting problems and their causes," says Norm Neuman, Senior Vice President of Marketing for Comshare. "Then, using real-world examples, Comshare customers provide insights on how they significantly reduced the time and effort to complete their budgeting process." For example, at Sunoco retail, company executives wanted to take away the stress factor of budgeting by getting information into a complete, central repository that allowed for quick consolidation and support for the analysis cycle. "We believed that BudgetPLUS would do that for us," says Tim Bridle, Manager of Retail Systems, Sunoco Inc., "and that belief has been borne out. Today, budget holders take change of their own budgets, and the time saved is very measurable. In the past, we would spend a couple of days to do another iteration One repetition of a sequence of instructions or events. For example, in a program loop, one iteration is once through the instructions in the loop. See iterative development. (programming) iteration - Repetition of a sequence of instructions. of the budget. Today, we do it in about 20 minutes." Comshare expertise is the reason for seminar success. _____________________________________________________ Those attending the seminars will see Comshare's packaged budgeting application, Comshare BudgetPLUS(TM), in action. BudgetPLUS' strengths include spreadsheet ease-of-use for budget holders; productivity and control for the budget controller; and finally, easy access and powerful analysis for management reviewers. BudgetPLUS boasts significant capabilities over any other budgeting software including: -- Packaged budgeting solution with built-in financial intelligence -- Microsoft Excel (tool) Microsoft Excel - A spreadsheet program from Microsoft, part of their Microsoft Office suite of productivity tools for Microsoft Windows and Macintosh. Excel is probably the most widely used spreadsheet in the world. Latest version: Excel 97, as of 1997-01-14. interface for intuitive end user data entry -- Guided Analysis(TM) for management budget review -- Support for the European Monetary Unit (EMU) -- True multi-user, client/server technology with integrated Web access -- Central database for seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of actuals for budget and forecast comparisons "More and more companies are realizing they can achieve significant savings by improving their budgeting process. A market leader in analytic applications, Comshare has built enterprise-wide budgeting applications for thousands of companies," says Brian Hartlen, Vice President of Product Marketing for Comshare. "We've packaged that expertise into Comshare BudgetPLUS, a client/server budgeting application with Web access that gives you the flexibility and control to cut your budgeting time in half, while it helps you create a better plan." Studies indicate budgeting improvements are paramount to success of the enterprise. _________________________________________________________ Those attending the briefing will receive a free copy of the Financial Executives Institute Peer Group Survey: "Top Executives Rank Critical Budgeting Issues." Financial executives in large corporations showed they wanted budget improvements including: -- Faster turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. for consolidations. -- Easier access to budget data for all accountable managers. -- Integration of budgeting and other financial systems. -- A single database to reduce errors and allow seamless integration. Briefings are scheduled across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . _____________________________________________ Comshare's year-end calendar for the budgeting breakfast meetings includes: September 24 Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , CA October 6 Hartford, CT October 21 Rochester, NY October 21 Philadelphia, PA October 22 San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA October 27 Chicago, IL November 18 Pittsburgh, PA November 19 New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY November 24 Toronto, ON December 9 Tampa, FL In addition, calendar year 1999 briefings are being planned for Boston, MA, and Atlanta, GA, in February; Calgary, AB, and Dallas, TX., in March; Los Angeles, CA, and New York, NY, in April; and Chicago, IL, in May. Each event begins with registration and breakfast at 8:30 AM. Budgeting presentations begin at 9:00 AM and conclude by NOON. To register, or for more information, please call 1-800-922-7979; fax your request to 1-734-769-6943; or register on-line at: http://www.comshare.com/seminars/bdgting.htm About Comshare, Inc. ____________________ Comshare is a leading provider of financial analytic applications for management, planning, and control, including financial consolidation and reporting, enterprise budgeting, and performance measurement. These complete client/server and Web-based analytic applications are based on an open architecture, utilizing market-leading databases. Comshare's applications incorporate innovative data visualization See information visualization. and Guided Analysis(TM) capabilities designed to improve decision-making for enhanced competitiveness and improved profitability. A 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 Comshare one of the top 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 is a trademark of Comshare, Inc. All other trademarks are the property of their respective holders. |
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