Comshare at Insurance & Financial Services Technology - IFST - '97.LONDON--(BUSINESS WIRE)--Sept 8, 1997-- Stand L40,National Exhibition Centre, Birmingham 22 & 23 October Comshare demonstrates Commander Decision, the leading edge, Web-enabled decision support application for the insurance industry Comshare's European 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. team will demonstrate the business benefits of Commander Decision(TM), a Web-enabled decision support application specifically designed for the insurance industry, at IFST IFST Institute of Food Science and Technology '97. With over 30 years experience in the finance market, Comshare's market leading decision support applications are already used by many of the UK's leading insurance organizations including Norwich Union Norwich Union is an insurance company in the UK. It is the biggest life-insurer in the UK, and has a strong position in motor insurance. It is part of the Aviva group, itself created by a merger of Norwich Union and CGU plc in 2000. , Eagle Star and the Sedgwick Group. "In this fiercely competitive market, accurate analysis, planning and performance measurement are essential to maximize sales while remaining cost-effective and profitable," explains Mike Andrews
prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de inadequate decision support systems and cannot accurately plan and measure the impact of strategic or operational decisions." "Every decision is preceded by a question," continued Mike Andrews. "The following questions are asked every day in insurance companies but are very difficult to answer: `What will be the impact on product costs if the HR department overspend o·ver·spend v. o·ver·spent , o·ver·spend·ing, o·ver·spends v.intr. To spend more than is prudent or necessary. v.tr. 1. their budget by 20%? If the marketing department launch an advertising campaign costing 3 million pounds and expect a 15% boost in pension sales, what will be the impact on new pension acquisition costs? If head office staff are awarded a 4% increase in salary, what cost impact will it have on the general business range of products? At a glance, can you identify sales units which have performed 20% below budget? Which sales areas are not maintaining the company's persistency standards?' Our demonstration will show how Commander Decision(TM) provides easy answers to hard questions instantaneously and the associated business benefits it brings to an organization." Comshare's demonstration will also show Commander Decision's web interface and how decision support applications can be deployed across the Internet/intranet. Capabilities include the ability to write back to the central database, define the end user's calculations, charting, intuitive drill-down, low maintenance and more. Comshare, The Decision Support Company, develops, markets and supports complete client/server decision support applications designed to improve business analysis, planning and operations for effective decision making, enhanced competitiveness and improved profits. The Company focuses its applications software for the financial services, utilities, manufacturing, energy, retail, 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 and services industries. One of the top 100 independent software companies, Comshare has more than 3,000 customers worldwide, many of which are Fortune 1000 and London Financial Times Top 1000 companies. Notes to the editor Commander Decision is Comshare's market-leading client/server and Web-based software to speed delivery of customized decision support applications like performance analysis, executive information systems, financial/expense analysis, product and customer profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue and financial management and management reporting and analysis. Commander Decision provides decision support application developers with a head start in developing decision support applications based on any of three multidimensional databases See OLAP. : Oracle Express, Arbor Software See Hyperion. Essbase or Applix TM1. NOTE TO EDITORS: There is an "at" symbol following "clarkn" and "catalyst" in the e-mail addresses See Internet address. e-mail address - electronic mail address below. This symbol may not appear properly in some systems. CONTACT: Comshare Nicky Clark, 0171 351 4399 clarkn@comshare.com http://www.comshare.com or Catalyst Communications Caroline Hulbert, 0118 988 6922 catalyst@berkeleypr.co.uk |
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