01.10.2007 15:49:00
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Applix Empowers Media Planning Group with Greater Understanding of Finances and Profitability
Applix, Inc. (NasdaqGS: APLX), the leading business analytics software
solutions provider, today announced that its business analytics platform
is providing the North American division of the Media Planning Group,
LLC (MPG), the media division of Havas, one of the world’s
largest marketing communications groups, with a significantly enhanced
view of its budgeting, planning, reporting and forecasting. Dina Bank,
director, financial systems at MPG, will spotlight this successful
initiative in a talk at CFO Rising West, being held from September 30 to
October 3, in Las Vegas, NV.
MPG is a full-service media and marketing communications company that
provides planning, buying and market research services to its clients.
Considering its business model is based on premier client service, a
critical element of MPG’s success is the
ability to effectively manage resources and staffing. The company’s
North American group needed an easy-to-use system that required minimal
IT support but provided the ability to better examine the nuances of
revenue, staff costing and profitability by client, manager, department
and brand in a timely manner. Additionally, MPG was looking for a way to
make its budgeting, planning and reporting more efficient.
"We needed a significantly more sophisticated
view of finances rather than using simple Excel spreadsheets,”
said Bank. "Gaining a better understanding of
exactly where the strengths and weaknesses of the business are is a very
complex activity. That’s why we turned to
Revelwood and Applix to achieve this high level of business performance
management and analytics by replacing our spreadsheet planning structure.”
In just a few months, Revelwood, an Applix partner, created a business
performance management solution based on Applix’s
technology that empowers MPG to carry out detailed "what-if”
analysis on unlimited business scenarios, accurate forecasting, as well
as required periodic and ad hoc reporting.
"Analyzing data is really where Applix shines
for us, its multi-dimensional capability lets us look at revenues and
expenses,” continued Bank. "When
we were assessing industry solutions Applix’s
platform scored the highest marks for query speed and overall business
benefits achieved to help us perform 360-degree analytics, streamline
budgeting, planning and reporting, as well as sharpen our forecasting
accuracy.” "Our business analytics platform is perfectly
suited to help companies like MPG gain a deeper, better understanding of
finances and true profitability,” said Ben
Plummer, senior vice president of marketing and alliances for Applix. "It
is designed from the ground up with advanced in-memory capabilities that
significantly increase business performance management-related tasks,
such as the ability to conduct recalculations in real-time in a familiar
yet automated Excel environment. What’s more
is data can be imported and exported from any number of back-end
sources, which eases integration and enables queries to be fielded with
greater speed and accuracy.” CFO Rising West, September 30 – October 3,
Las Vegas, NV
MPG’s Dina Bank will be speaking on October 1
at 1:15 pm at CFO Rising West on "Financial,
Human Resources, and SOX Compliance Planning and Analysis----Beyond the
Excel Spreadsheets.”
This case study-centric session will explore how MPG’s
headcount in the United States nearly quadrupled in a short period,
causing their company’s salary forecast to
become a victim of too many spreadsheets ("spreadsheet
creep”). MPG needed a scalable model for
reconciling and forecasting salary expense that could easily integrate
with their existing financial information in order to more efficiently
analyze client and departmental profitability. In addition, this
scaleable model needed to be able to handle SOX requirements.
About MPG
MPG North America is a part of the global media network of Havas, the
worldwide marketing communications group. MPG provides media planning,
buying, strategic consulting, branded entertainment and interactive
services for a wide range of blue-chip clients. MPG has offices in 91
countries, with 3,500 media professionals working in a broad variety of
disciplines.
About Applix
Applix (NasdaqGS: APLX) empowers agile enterprises by offering the only
complete Business Analytics software solution. The Company is focused
exclusively on providing a single, cohesive Performance Management and
Business Intelligence solution, with strategic planning, forecasting,
consolidations, reporting and analytics across financial, operational,
sales and marketing, and human resources departments. The Applix
platform, powered by the renowned TM1 analytics engine, reaches farther,
deploys easier, and reacts faster than any business analytics solution
available today. Applix and its global network of partners help more
than 3,000 customers worldwide manage their business performance and
respond proactively to the marketplace. Headquartered in Westborough,
MA, Applix maintains offices in North America, Europe and Asia Pacific.
For more information, please visit www.applix.com.
About Revelwood
Revelwood provides performance management solutions that enable
companies to predict, measure, evaluate and impact business performance.
Offering products, implementation services, training and support,
Revelwood brings ease, speed and flexibility to planning, reporting and
analytics—all on a single, common platform.
Since 1995, Revelwood has provided solutions for numerous innovative
companies including CBS, Dow Jones, Madison Square Garden, Wells Real
Estate Funds, LifeMasters and TV Guide. Additional information on
Revelwood can be obtained by visiting http://www.revelwood.com
or calling (201) 984-3030.
Any statements in this press release about future expectations, plans
and prospects for Applix, Inc., including any statements containing the
words "believes,” "anticipates,” "plans,” "expects,”
and similar expressions, constitute forward-looking statements. Forward-looking
statements necessarily involve risks and uncertainties, and actual
results could differ materially from those indicated by such
forward-looking statements as a result of various important factors.
Factors that could cause or contribute to such differences include
without limitation, competitive pressures, changes in customer demands,
adverse economic conditions, loss of key personnel, litigation,
potential fluctuations in quarterly results, lengthy sales cycles,
market acceptance of new or enhanced products and services, factors
affecting spending by customers and other risks, uncertainties and
factors including those described in the Company's most recent Form 10-K
or 10-Q under the heading "Risk Factors"/"Factors That May Affect Future
Results." In addition, the forward-looking statements
provided by the Company in this press release represent the Company's
views as of the date of this release. The Company anticipates that
subsequent events and developments may cause the Company's views to
change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so, and these
forward-looking statements should not be relied upon as representing the
Company's views as of any date subsequent to the date of this release. ©2007 Applix, Inc. All rights reserved.
Applix and TM1 are registered trademarks of Applix, Inc. All other
trademarks and company names mentioned are the property of their
respective owners.
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