Nestle Chooses Cartesis for its Worldwide Consolidation and Financial Reporting System.PARIS--(BUSINESS WIRE)--April 2, 1999--Cartesis, a leader in the European Financial Consolidation, Reporting, and Analysis Market announces that the Nestle Company has acquired its software, Cartesis Carat to perform its statutory consolidation and financial reporting on a worldwide basis. Created in 1867 by Henri Nestle, the Nestle Company whose world headquarters are based in Vevey, Switzerland, had total revenues of 71.7 billion Swiss Francs Noun 1. Swiss franc - the basic unit of money in Switzerland franc - the basic monetary unit in many countries; equal to 100 centimes centime - a fractional monetary unit of several countries: France and Algeria and Belgium and Burkina Faso and Burundi and in 1998. Nestle is the World's Largest Food Company with highly-recognized products and brands like Nescafe, Nesquik, Kit Kat KIT KAT Keep In Touch - Kall Any Time , Carnation carnation: see pink. carnation Herbaceous plant (Dianthus caryophyllus) of the pink family, native to the Mediterranean, widely cultivated for its fringe-petaled, often spicy-smelling flowers. , Contadina, Friskies, Buitoni, and Maggi. The company is also very well represented in two other sectors: namely mineral water (Perrier, Vittel, Poland Spring, and San Pellegrino San Pellegrino (also S. Pellegrino) is a carbonated mineral water, produced and bottled at San Pellegrino Terme (Bg), near Milan, Italy. The water originates from a layer of rock 1,300 ft (400 m) below the surface, where it is mineralized from contact with limestone and ) and pharmaceutical products with the companies Alcon and Galderma (a joint venture with L'Oreal). The Nestle project has been named COSI COSI Center Of Science and Industry (Columbus, OH, USA) COSI Creative Outsourcing Solutions International (UK) COSI Cost of Savings Index COSI Closeout System Installation (NASA) - Consolidation and Statistical Information. It consists of the replacing the former reporting and consolidation system with Carat. "This is a very ambitious project because it impacts the entire Nestle group. There will be around 100 data collection sites around the world." The experts at Nestle were highly impressed by Cartesis and its software system Carat in comparison with other suppliers. They stressed the power and flexibility of this solution as well as the skills and experience of the Cartesis consulting team. Additionally, the prior success of a Carat project at their Perrier Vittel subsidiary was a reassuring factor in their decision. The system will be operational at the end of 1999. About Cartesis Cartesis develops and markets best in class software and service solutions to Global 2000 companies. The company has grown at over 50% per year for the past three years and holds as clients: 80% of the French Stock Market Index; 24% of the European Top 100; 38% of the DJ Euro Stoxx 50; and 14% of the 100 largest companies in the world. With over 300 employees, the company maintains offices and distributors worldwide. Cartesis is present in Paris, New York This article is about the New York town. For other uses, see Paris (disambiguation). Paris is a town in Oneida County, New York, USA. The population was 4,609 at the 2000 census. The town was named after an early benefactor, Colonel Isaac Paris. , Frankfurt, Brussels, Utrecht, Zurich, and Melbourne. While privately held, one of the shareholders is Vivendi, the $35 billion French conglomerate. The company is optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op for continued revenue growth in the current year. |
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