Vaillant Group Wins ControllingWorld Award with SAP and arcplan's dynaSight.WAYNE, Pa. -- arcplan, inc. --Vaillant Group Honored with Award for Best Financial Controlling Project in the SAP Environment, with dynaSight Providing a Customized, Front-End Management Reporting System Delivering Superior Ease of Use and International Functionality arcplan, a globally successful provider of business intelligence (BI) software, recently earned yet another distinction for its 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. , dynaSight. At ControllingWorld 2005, the eighth annual congress of the Management Circle for financial controllers, the Vaillant Group won the award for the best controlling concept within the SAP environment. The Vaillant Group, a leading manufacturer of domestic heating systems, was honored with the prestigious ControllingWorld Award, 'Finance Wins - Integration of Financial IT Landscape,' for its solution using SAP/R3, SAP BW and MS SQL See Microsoft SQL Server and mSQL. , with arcplan's dynaSight as the front end. The 'Finance Wins' project began as an initiative to help facilitate Vaillant's international expansion. The goal of the project was to convert all of the company's financial accounting, previously complied with German commercial laws, to international standards. The project team consisting of Gerald Bremer, Head of Finance Systems; Marc Stoever, Strategic Controlling Team Leader; and Norbert Kolodziej, Manager of Controlling Marketing in eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. , obtained top marks for introducing International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). (IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System ) as well as using new OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. and warehouse applications in combination with the conversion to cost of sales accounting. Another notable distinction was the project's harmonization har·mo·nize v. har·mo·nized, har·mo·niz·ing, har·mo·niz·es v.tr. 1. To bring or come into agreement or harmony. See Synonyms at agree. 2. Music To provide harmony for (a melody). of its management reporting procedures across 30 legal entities and eight 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. Other reasons for the award included the user friendliness of the tools; the significant level of user acceptance; and the recent enhancements to the system. The jury also praised Vaillant's integration of its business planning, consolidation, breakeven analysis breakeven analysis A mathematical method for analyzing the relationships among a firm's fixed costs, profits, and variable costs. Financial analysts are particularly interested in how changes in output and sales will translate into changes in earnings. , profit and loss, cash flow, balance sheet and variance analysis, as well the seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. into the company's IT infrastructure. dynaSight provides front-end system for Vaillant's award-winning solution The planning and budgeting system for the 'Finance Wins' project was created using dynaSight, the most widely used third-party analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. development platform in the SAP environment. dynaSight enables companies to rapidly assemble tailor-made analytical applications, while natively integrating with all major data sources, BI platforms, and other data sources. Because 'Finance Wins' was created using dynaSight, the final solution delivered unmatched flexibility and seamless integration to the many data sources required by the project. The solution was implemented by the arcplan partner Selbach Information Systems GmbH, a specialist in enterprise-wide information systems and data warehouse solutions. "In several projects here at Vaillant, dynaSight has always been a proven, flexible front-end tool in the SAP environment," explains Marc Stoever, 'Finance Wins' Project Manager and Consultant in Strategic Finance/Controlling at Vaicon (Vaillant Consulting Group), Vaillant's IT services subsidiary. "Fulfilling all of the requirements of Vaillant's integrated planning In amphibious operations, the planning accomplished by commanders and staffs of corresponding echelons from parallel chains of command within the amphibious task force. See also amphibious operation; amphibious task force. system, which is at the heart of the 'Finance Wins' project, would not have been possible without dynaSight and SAP BW. One feature that has really helped us is the ability to combine several data sources into one report or one application and transfer it to a central database. dynaSight has no competition in this area." "With the Vaillant Group's controlling concept, our partner Selbach Information Systems has implemented a world-class planning and budgeting project in the SAP environment," comments Roland Hoelscher, arcplan's Joint Managing Director. "We're delighted to have made an effective contribution to the project's success, especially as dynaSight's international functionality supplies 600 staff in 16 countries with the information they need. And all that with maximum user friendliness. The ControllingWorld Award is further proof that dynaSight enjoys an exceptional position in the SAP environment." About Vaillant Group The family-owned Vaillant Group, with its headquarters in Remscheid, Germany, is a worldwide leading manufacturer in the field of domestic heating and comfort systems. The company generates annual revenues of EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.6 billion and employs over 8,000 people. Vaillant develops and produces products and supplies them to customers in more than 100 countries all over the world. For further information please visit www.vaillant-group.com. About Selbach Information Systems Selbach Information Systems is a consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a with comprehensive experience in the field of data warehouse solutions, the design and development of planning and information systems and the implementation of effective controlling tools. Among our customers are well-known companies from a wide range of business sectors at home and abroad. As an arcplan partner from the start the main focus is the realization of optimally designed front-ends. For further information please visit www.selbach-gmbh.de. About arcplan arcplan is a globally successful software developer whose solutions enable companies to bridge business initiatives and IT resources for maximum productivity and competitive advantage. With arcplan's business intelligence platform, IT and business professionals can rapidly create highly functional Web-based applications See Web application. without the cost and complexity of traditional solutions. arcplan dynaSight is a best-in-class BI platform that leverages existing IT investments by integrating seamlessly with all enterprise data. Founded in 1993, arcplan has more than 1,800 customers and 230,000 users worldwide. Headquartered in Dusseldorf, Germany and Philadelphia, PA, arcplan delivers its solutions through a global direct sales force and a network of more than 130 partners providing support and services in over 30 countries. For more information, visit www.arcplan.com. |
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