Finance Departments at Multinational Manufacturers Get Interactive Visual Analytics
Piscataway, NJ - August 8, 2011 - InetSoft Technology, an innovator in data mashup driven dashboard and reporting solutions, and Management Systems International (MSI ), experts in financial planning and reporting, announced a joint solution for interactive dashboard reporting on top of a powerful financial consolidation and information management platform. Now, multinational firms using diverse ERP and financial systems will be able to visually understand and explore their financial data in order to manage their financial operations even more efficiently.
MSI’s years of experience in corporate finance have led to a product and services solution that unifies budget and expenditures data coming from disparate data sources, potentially in different currencies, for a cohesive view of corporate financial performance. The application, The Management Performance System (MPS), consolidates financial data into a Microsoft SQL data warehouse and controls multiple levels of viewing and update permissions giving divisional heads and the CFO the ability to effectively plan, manage, measure, and analyze corporate performance. Combined with MSI’s expertise in project management and financial management best practices, customers can automate processes that improve efficiency to achieve strategic and tactical objectives.
Prior to the joint solution, users of the Management Performance System have relied on Excel-based tabular views of data, which provides a familiar environment that fully leverages existing skill sets. Now users will be able to enjoy highly graphical, information-packed interactive dashboards and visual analysis tools that the InetSoft business intelligence suite offers. The InetSoft visualization toolset, included in the BI platform Style Intelligence, enables quick drag and drop design of visually appealing charts and gauges driven by point-and-click controls such as filter lists and range sliders. The joint solution comes with several pre-built financial monitoring and analysis dashboards and can be extended as desired by the customer.
Hermann Kreimer, CEO of Management Systems International, said, "We are very excited about the combined InetSoft - MSI solution. Now the top management of an enterprise can easily analyze problems and trends and quickly take corrective action."
"This combined financial dashboard reporting solution is a tremendous option for enterprises because they do not need to assemble two naturally complementary applications themselves," pointed out Mark Flaherty, CMO at InetSoft. "Finance executives have been able to use the Management Performance System for great control and visibility across complicated organizational budget structures, and now they will have the power of InetSoft's visualization technology, whether in an CFO’s executive dashboard or a financial analyst’s multi-dimensional analysis to quickly view performance and to spot trends or variances."
To learn more about the joint solution from InetSoft and MSI, please visit http://www.inetsoft.com/solutions/financial_reporting/.
Since 1994 Management Systems International, Inc. has been delivering a financial management solution that focuses the enterprise on improving the financial performance. While offering a robust consolidation capability, the strengths of the system are its budgeting, forecasting and analytical capacities. To its customers, Management Systems International is known for its superior implementation capacities and customer service.
Since 1996 InetSoft has been delivering easy, agile, and robust business intelligence software that makes it possible for organizations and solution providers of all sizes to deploy or embed full-featured business intelligence solutions. Application highlights include visually-compelling and interactive executive dashboards that ensure greater end-user adoption plus pixel-perfect report generation, scheduling, and bursting. InetSoft’s patent pending Data Block™ technology enables productive reuse of queries and a unique capability for end-user defined data mashup. This capability combined with efficient information access enabled by InetSoft’s visual analysis technologies allows maximum self-service that benefits the average business user, the IT administrator, and the developer. InetSoft solutions have been deployed at over 3,000 organizations worldwide, including 25% of Fortune 500 companies, spanning all types of industries.