Cost Center Analysis Becomes Simple with WebFact Ferox Expands Market for Consolidation and Reporting Software.Business Editors MIAMI--(BUSINESS WIRE)--Sept. 7, 2000 Gulliver Schools successfully implemented the WebFact consolidation and reporting tool to meet their cost center analysis and reporting needs. Ron Noun 1. Ron - a Chadic language spoken in northern Nigeria Bokkos, Daffo West Chadic - a group of Chadic languages spoken in northern Nigeria; Hausa in the most important member Hurst, corporate controller, knew the kind of functionality that existed in other packages and set out to find a tool that met his needs. "There is a lot of movement among financial professionals from large organizations to smaller and leaner ones. These professionals have used reporting tools, and find their hands tied when they get to smaller companies because of cost," 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. Rusty rust·y adj. rust·i·er, rust·i·est 1. Covered with rust; corroded. 2. Consisting of or produced by rust. 3. Of a yellowish-red or brownish-red color. 4. Luhring, President of Ferox. "They know what they want, but they can't justify spending $100,000+ to get it." Ron Hurst tells about his case: "I used Hyperion for several years while I was in charge of financial reporting for a division of Burger King. I made a career switch to a smaller organization. But I found it a major step backward to use spreadsheets The following is a list of spreadsheets. Freeware/open source software Online spreadsheets
Even though Gulliver has hundreds of cost centers spread over four campuses, and a few separate legal entities, the implementation went quickly. "The WebFact application is set up so that the CFO See Chief Financial Officer. can take the entire application on his laptop Same as laptop computer. laptop - portable computer and have access to our financial information at all times." Arjan Hordijk, author and co-developer of WebFact, cites the speed and costs of implementation as a key competitive advantage. "We know from experience that other reporting and consolidation implementations, such as Hyperion Enterprise, cost 2 to 3 as much in money and inhouse effort as a comparable WebFact implementation." The latest version of WebFact includes planning and budgeting features in addition to the consolidation and financial reporting features. WebFact stands for Worldwide Enterprise Budgeting, Forecasting, Analysis, and Consolidation Tool. Ferox Microsystems, Inc. was founded in 1979 and specializes in developing financial analytics software. WebFact is built upon the calculation engine of ENCORE (Encore Real Time Computing, Inc., Melbourne, FL, www.encore.com) A computer company founded as Encore Computer Corporation in 1983 that specialized in real time systems. Encore was known for its unique Reflective Memory channel, a high-speed interconnect for up to 255 systems. ! for Windows, Ferox's critically acclaimed ac·claim v. ac·claimed, ac·claim·ing, ac·claims v.tr. 1. To praise enthusiastically and often publicly; applaud. See Synonyms at praise. 2. financial modelling language. More information about WebFact is available from Ferox's home page at http://www.ferox.com and from http://www.hordijk.com/ |
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