Noetix's maps route to faster reporting.According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Noetix 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. Paul Song, most organisations focus so heavily on running their enterprise resource planning See ERP.
(application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. (ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. ) systems that they ignore the value of the data stored within them - at least until it is needed for management reporting.
When it comes to creating an analytical base for reporting, IT departments are frequently required to manually map data from the complex structure of operational ERP databases into data warehouses - a task made more complicated by any customisation of the underlying applications.
Noetix's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , NoetixViews, trawls through the ERP system's database tables, draws contextual relationships between them and automatically produces a logical view of that data. As a result, it dramatically reduces the time and cost involved in producing management reports.
The benefits can be huge. One Noetix customer had drafted in a specialist ERP consultant at a cost of [pounds sterling]1,000 a day just to write a single, complex report, a task that took 11 days. Using Noetix's product, developers were able to replicate the creation of that report in just 15 minutes, claims Song.
Noetix was formed in July 2000, as a result of a $2.6 million management-led buy out from Oracle applications consultancy Aris Corp. The focus is still on report-building software for Oracle applications, but Noetix now also offers its core product for Siebel customer relationship management software and plans to release a reporting toolset for PeopleSoft ERP software in Summer 2003.
One of Noetix's main selling points, says Song, is that it can sit alongside existing business intelligence tools. Noetix's job is to structure the ERP data, but this can be viewed through most third-party querying SQL SQL
in full Structured Query Language.
Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. tools and even Microsoft Excel (tool) Microsoft Excel - A spreadsheet program from Microsoft, part of their Microsoft Office suite of productivity tools for Microsoft Windows and Macintosh. Excel is probably the most widely used spreadsheet in the world.
Latest version: Excel 97, as of 1997-01-14. spreadsheets.
Growth has been robust, with sales increasing by 25% in 2001 and 35% in 2002. But the company can already boast some 1,000 customers, including such names as Motorola and Starbucks, despite its niche position in a highly competitive sector.
Main activity/products: Management report structuring software
CEO: Paul Song
HQ: Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle, it is now categorized as an edge city or a boomburb. State
Status: Received $17 million in first round of funding from Polaris and Sigma Partners
Revenues: $12 million in 2002, up 35%
Key competitors: Crystal Decisions, Actuate, Information Builders, as well as mainstream business intelligence suppliers.
Infoconomy comment: Noetix's value proposition - to reduce the time and cost of producing business-level reports from ERP systems - is convincing. But organisations that have already invested in business intelligence software need to be convinced of the value an additional reporting layer.