Coopers & Lybrand standardizes valuation practices on Business Matters' Cashe.NEW YORK--(BUSINESS WIRE)-- Feb. 20, 1996-- Coopers & Lybrand L.L.P. today announced that it will standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. its Financial Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal (FAS) practice on a proprietary version of Cashe, the financial forecasting and business modeling software from Business Matters Inc. of Waltham Waltham (wôl`thăm, –thəm), city (1990 pop. 57,878), Middlesex co., E Mass., a suburb of Boston, on the Charles River; settled c.1634, set off from Watertown 1738, inc. as a city 1884. , Mass. This positions Business Matters' Cashe as a standard tool with which Coopers & Lybrand will perform valuations and merger and acquisition analyses of their clients' companies. To meet this end, Coopers & Lybrand purchased 1,000 units of Cashe that have been customized to meet the needs of their corporate finance consultants. The two companies have also committed to a research and development program for additional enhancements, as well as the integration of standard Coopers & Lybrand benchmark data. "We've we've Contraction of we have. we've have been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. this kind of software tool for years," said Phil PHIL Philosophy Phil Philippine PHIL Philippians PHIL Philadelphia, PA, USA PHIL Public Health Image Library (US CDC) Clements, a partner in Coopers & Lybrand. "Business Matters' willingness to work on enhancements for our business was crucial to our decision. The combination of this customized version of Cashe coupled with our experience will provide tremendous benefits to our clients. We anticipate that we will use Cashe to develop valuations and analyses in hours and days instead of the weeks it takes using other tools. It's more than an analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. tool -- this customized application of Cashe is also a communication device that will help us provide real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. modeling for clients." Cashe is a Windows-based application that will allow consultants to understand and quickly analyze a wide range of common business scenarios, such as building several years worth of financial statements, evaluating a merger or acquisition, or creating a DuPont tree showing return on investment or return on equity. Cashe manages the complex relationships between financial data, business assumptions and financial reports. Consultants can integrate existing data with Cashe to facilitate accurate business modeling and financial forecasting in great breadth and depth, leading to better business decisions. 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. Business Matters, financial forecasting and business modeling software has a market potential of $3 billion. "We are pleased that Coopers & Lybrand has selected Cashe as a tool for their corporate finance consultants. Their choice proves the power of Cashe," said Jeremy Davis, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Business Matters Inc. "Coopers & Lybrand is certainly one of the most respected professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms in the world and we're excited that such an industry leader would adopt Cashe as a financial analysis standard for use with their clients." To ensure expert use of Cashe, Business Matters has dedicated a customer support team to implement a "train the trainer" program to build an internal support service for Coopers & Lybrand's teams. Business Matters is also providing the firm with a product maintenance program that provides upgrades and revisions of Cashe. Cashe is a financial modeling and business analysis software tool for CFOs, CEOs, consultants, analysts, managers and others who make decisions that affect the financial position of their organizations or clients' organizations. Cashe (suggested retail price of $995) is available by calling Business Matters at 1-800-993-3600 or e-mailing inquiries to info@bmatters.com. About the Companies One of the world's leading professional services firms, Coopers & Lybrand L.L.P. provides services for enterprises in a wide range of industries. The firm offers its clients the expertise of more than 16,000 professionals and staff in offices located in 100 U.S. cities and, through the member firms of Coopers & Lybrand International, more than 75,000 people in 125 countries worldwide. Business Matters Incorporated of Waltham, Mass., was founded in 1993 to develop, market and support business effectiveness software. The company's products are designed to enhance the business skills of users beyond generic desktop applications. Business Matters Inc. is a privately held, venture-capital funded company with a user base of over 1,600 customers. Funding for Business Matters was obtained through New Enterprise Associates and Onset Ventures. Business Matters and Cashe are trademarks of Business Matters Inc. Windows is a registered trademark of Microsoft Corp. CONTACT: Business Matters Inc. Victoria W. Winston, 617/899-8700 x553 Victoria_Winston@bmatters.com http://www.matters.com or The Weber Weber, river, United States Weber (wē`bər), river, c.125 mi (200 km) long, rising in the Uinta Mts., N central Utah, and flowing north and northwest to join the Ogden River at Ogden. The combined stream flows to the Great Salt Lake. Group Bill Durling/ Jim Sheehan 617/661-7900 bdurling@webergroup.com jsheehan@webergroup.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion