Provident International Chooses the Power of Applix For its Complex Global Consolidations and Forecasting
05 Luglio 2007 - 12:00PM
Business Wire
Applix, Inc. (NasdaqGS: APLX) a leading business analytics software
solutions provider, today announced that Provident International,
the UK-based consumer credit company, has selected Applix to
provide financial forecasting and consolidation across its entire
international division. Provident International will implement
Applix and its high performance analytics engine, Applix TM1, to
provide a real-time, flexible alternative to its complicated
forecasting models. More than 50 users in 20 business units
spanning seven European countries and Mexico will access the
system. The solution will manage profit and loss, and balance sheet
and cash flow forecasting, which encompasses multiple legislations
and accounting bases. �Applix strongly demonstrated � through
tailored proof of concept demonstrations, appropriate third party
references and detailed invitation to tender responses � that they
had the capability to meet and rapidly deliver solutions to our
complicated requirements,� said Stephen Smith, value forecasting
professional, Provident International. �Applix went to great
lengths to prove that some of the most complicated parts of our
forecasting environment could be handled in real-time through their
system.� The solution will provide both Excel and Web interfaces,
enabling the company to leverage existing skills and allowing users
to work locally or remotely, while continuing to perform all
activities and operations. Provident International also expects to
be able to revise assumptions in budgets and plans, run �what-if�
scenarios, re-calculate data to reflect new real-time information,
and develop charts directly in a Web browser. Martin
Richmond-Coggan, VP of EMEA, Applix, commented, �We are pleased
that Provident International has chosen Applix over other major
Business Analytics suppliers. Applix was able to build a strong
partnership with Provident International during the process in
which we demonstrated yet again that our solution is the most
capable to meet Provident International�s complex business
analytics needs on a single platform.� Provident International has
ambitious plans for Applix TM1 and intends to expand the solution
to other areas of its business following a successful initial
implementation. About Provident International Established in 1997,
Leeds-based Provident International is a leading international
provider of financial services. It serves 1.8 million customers
throughout the Central and Eastern Europe and Mexico through its
home-collected credit operations and has over 5000 employees in
seven countries. Provident International is part of the Provident
Financial plc group. 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. 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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