Mentor Graphics Deploys Enterprise-wide Financial Planning and Forecasting Solutions Using Alphablox's InLine Analytics Platform.Business Editors/High-Tech Writers
Hyperion Solutions Hyperion Solutions Corporation is a business performance management software company, located in Santa Clara, California, USA. Many of its products are targeted at the Business Intelligence and Business performance management market. 2004
CHICAGO--(BUSINESS WIRE)--April 26, 2004
Planning Solution Automates Process and Reduces Cycle by Three
Alphablox(R) Corporation, the leading provider of InLine Analytics(TM) for enterprise solutions, today announced that Mentor Graphics Mentor Graphics, Inc (NASDAQ: MENT) is a US-based multinational corporation dealing in electronic design automation (EDA) for electrical engineering and electronics, as of 2004, ranked third in the EDA industry it helped create. (R) Corporation (Nasdaq:MENT) has deployed enterprise-wide financial planning Financial planning
Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and forecasting solutions using Alphablox's InLine Analytics platform.
"The automated financial planning solution we built with Alphablox's analytics platform has alleviated many of our workflow challenges and has reduced our financial planning process by a full three months," said Tony Adrian, vice president, corporate controller, Mentor Graphics. "We now have more in-depth budgets ready within a week after the beginning of the new fiscal year. With over 1200 separate cost centers, our ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). is tremendous. We rolled out the planning solution first, and given its success, we have integrated the forecasting function with planning. Beyond these applications, we intend to use Alphablox's analytics platform for further financial applications."
The planning solution draws a combination of actual and forecasted information from the forecasting solution, then automatically gathers detail on key expense drivers for each of the worldwide cost centers. The solution then applies new planning assumptions, allows proposed spending on new initiatives, circulates the budget for approvals, and consolidates the detail into the final enterprise-wide budget. This enables cost center managers and financial planners to develop detailed budgets backed by "what if" scenarios. Final budgets are deployed to each cost center with only the details pertinent to the cost center visible. The forecasting solution interoperates with the planning solution, incorporating changes to the key expense drivers to build a detailed forecast.
The financial planning solution has instituted a level of consistency in the Mentor Graphics worldwide budget planning process including standardization of benefits across all cost centers with consistent planning of royalties and commissions between regions. The solution enables manipulation of costs such as headcount and asset acquisition, and forces mutual consent for cross charges between cost centers. Now in production, this solution has over 150 users in 60 Mentor Graphics offices around the world. Recently released into production, the forecasting solution has already successfully completed two quarterly roll-ups.
"We selected the Alphablox platform because of its easy-to-use interface and its superior performance on other applications we've deployed," said Jan-Willem Beldman, the senior decision support architect for the Mentor Graphics IT Decision Support Group. "We could see that the platform had the flexibility and ease of personalization needed to handle our design and performance challenges, and that it would integrate well with our existing Essbase, SAP, and Oracle information."
"The return on investment that Mentor Graphics has realized on this financial planning solution exemplifies the value of integrating business analytics in line with business processes," said Joe Guglielmi, 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 Alphablox. "Our InLine Analytics platform enables companies like Mentor Graphics to increase efficiency and optimize business performance, delivering relevant business insights to the right people at critical decision points."
Building on its strategy to connect with the broadest possible array of data sources, Alphablox recently announced support for Hyperion Essbase 7, and is extending support for Hyperion's Essbase platform. The integration of Hyperion Essbase functionality with Alphablox Analytics provides companies such as Mentor Graphics with unique capabilities and unparalleled analytic depth to help them integrate analytics into their business processes and optimize their business performance.
About Mentor Graphics
Mentor Graphics Corporation (Nasdaq:MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics and semiconductor companies. Established in 1981, the company reported revenues over the last 12 months of about $675 million and employs over 3,700 people worldwide. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon Wilsonville is a city in Clackamas County, Oregon, United States. The population was 13,991 at the 2000 census, and as of 2005 was estimated to be 16,510. Geography
Wilsonville is located at (45.306805, -122. 97070-7777; Silicon Valley headquarters are located at 1001 Ridder Park Drive, San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. 95131-2314. World Wide Web site: www.mentor.com.
Alphablox Corporation provides the leading InLine Analytics platform enabling Global 2000 corporations to develop and deploy real-time analytic solutions for optimizing business performance. Combining best-in-the-industry professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. with award-winning analytics technology, Alphablox's solutions integrate seamlessly into existing business processes and enterprise infrastructures, empowering front-line business people with personalized 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. to drive targeted business objectives. Market leaders in 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. , telecommunications, manufacturing, and retail such as ABN Amro ABN AMRO Algemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank) , Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. , Mentor Graphics, Neiman Marcus Neiman Marcus
U.S. department-store chain. It was founded in Dallas, Texas, in 1907 by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband, A.L. Neiman. , Seagate, and Toys R Us, rely on Alphablox's powerful analytic solutions. The company has financial backing from leading investment firms, including Accel Partners, Mohr, Davidow Ventures, Integral Capital Partners, and Deutsche Bank among others. Founded in 1996, Alphablox is headquartered in Mountain View, California For the census-designated place, see Mountain View, Contra Costa County, California. For other places called "Mountain View", see .
Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains. , and has offices and distributors throughout the United States, United Kingdom, Australia, and Asia. For additional information on Alphablox and its solutions call 888-256-9669 or visit the company's Web site at www.alphablox.com.
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