Budgeting Software Journal

Budgeting and Forecasting Software News And Reviews

Budget Maestro Now a Full Business Performance Management (BPM) Suite

By Budgeting Software Journal

Centage Corporation has introduced the first complete BPM solution with Dashboards, specifically for the SMB market, that is affordable, easy to use, and compatible with virtually any existing Business Intelligence (BI) tool. The Budget Maestro Dashboard Kit gives Budget Maestro(R) users instant access to financial and operational key performance indicators (KPIs) on their desktops. Budget Maestro is the leading Business Performance Management (BPM) solution designed specifically to help small and medium-sized businesses (SMB) manage their budgeting, forecasting and financial reporting data.

“The popularity of dashboards is due to their ability to give CFOs and financial managers — not to mention CEOs — accurate and instant insight into the state of the business, which allows them to react faster to brewing issues. With this new dashboard capability, Budget Maestro now provides a complete Business Performance Management solution, allowing even the smallest companies to take advantage of this management trend,” said Centage Vice President of Sales and Marketing Jim Nauen. [Read more…]

Longview Solutions and DataSynapse Announce Partnership

By Budgeting Software Journal

Longview Solutions and DataSynapse announced that they have entered into an agreement to optimize the Longview Performance Management Platform for operation with DataSynapse GridServer® software. The application is now configured to automatically draw upon underutilized processing power that exists within the IT environment of most organizations. This enables end users in large organizations to quickly and easily handle the large volumes of financial data required to do daily, and even intra-day, P&L reporting on a global basis, a common requirement for a growing number of organizations, especially in the financial services sector.

Using DataSynapse GridServer technology, organizations can create a cost-effective High-Performance Computing (HPC) environment by tapping into the unused processing and storage capacity of existing servers across the enterprise. Applications that are virtualized can be split into functional components, such as individual calculations, modeling and simulations, that can all be processed in parallel across a distributed computing infrastructure, significantly reducing the overall processing time. [Read more…]

Adaptive Planning Achieves Record Results in 2006

By Budgeting Software Journal

Adaptive Planning announced that it achieved record growth in new customers and partners in 2006. This growth complements key corporate milestones for Adaptive Planning, which include the introduction of the first open source BPM solution, significant expansion of its product suite, completion of its executive team, and receipt of prestigious industry awards and recognition. These fiscal and corporate achievements come as Adaptive Planning closes a $7.5 million round of venture funding led by new investor Cardinal Venture Capital, creating strong momentum for the company in 2007.

In 2006, Adaptive Planning demonstrated exceptional momentum in the BPM market by signing a record number of new customers. Customer growth was strong across multiple industries, including the software, nonprofit, high technology, healthcare, and manufacturing segments. New customers ranged in size from less than $5 million to over $500 million in annual revenues, and included both privately- and publicly-held companies from across the globe. Notable new clients from select industries include Black Duck Software, StepStone, and SuccessFactors (software), DentalPlans.com, Gilsbar Inc., and Passport Health Communications (healthcare), Cortina Systems, Tennant Company, and Uponor (manufacturing), and numerous others including AAA, Jaguar Mining, and Med-Eng.

In addition to adding new customers, Adaptive Planning also deepened relationships with existing clients. As confirmation of its sterling customer satisfaction, over 90% of Adaptive Planning clients renewed their subscriptions. [Read more…]

Cartesis Announces Support for HP Integrity Servers

By Budgeting Software Journal

CartesisCartesis today announced support for HP Integrity Servers. Cartesis customers will benefit from having the availability and performance to support the demands of mission critical performance management applications and lower hardware costs.Businesses rely on performance management applications to speed financial reporting cycles, remain competitive and meet regulatory requirements. Cartesis support for HP Integrity servers helps meet increasing demands on executives to close books fast while addressing the complexity of integrating all performance management processes. Providing customers a seamless integration of their business and IT environments and fast, scalable hardware makes vast amounts of data accessible to numerous users to speed up reporting cycles. [Read more…]

IDC Ranks Cartesis a Leader in West European BPM Market

By Budgeting Software Journal

CartesisIn an IDC report released at the end of July, Cartesis is positioned as a leader in Western Europe for Business Performance Management (BPM) and Financial Analytic Applications. Cartesis’ 35.1 percent revenue growth in 2005 was 2-3 times that of most other leading vendors in the region.

The IDC report highlights the Cartesis 2005 acquisitions of INEA and AIS, product enhancements as well as the introduction of Cartesis 10, a comprehensive BPM suite, as the main drivers for the company’s leading 2005 growth rate. Citing revenue growth that exceeded the market average, the report also regarded Cartesis as well-positioned to challenge other leading vendors in the region. [Read more…]