Avantium selects TIBCO Spotfire as platform for enterprise BI
Somerville, Mass., March 11, 2008 –- Spotfire, a division of TIBCO Software Inc. (NASDAQ: TIBX), today announced that Avantium is using the TIBCO Spotfire DXP™ solution as an enterprise Business Intelligence (BI) platform. The TIBCO Spotfire DXP solution delivers real-time performance reporting and analysis across the entire company.
David Jim, Group Controller at Avantium, said: "Back in early 2007 we decided that we needed a BI solution to help us better manage our business. Not only in Finance, but also HR, Sales and Operations, as well as at an Executive Management level. Up until then we had been relying on monthly or quarterly reports printed out from our ERP system or exporting data to Excel, but these were historic documents and did not help our management on a daily or hourly basis when key decisions need to be made."
Avantium was already using TIBCO Spotfire DecisionSite® in its day-to-day research processes, and wanted to ensure that Spotfire DXP™ could fit company requirements for enterprise BI. To do this, the company set up a trial pilot project for a number of BI possible solutions, including Spotfire DXP, so it could compare results and delivery. "The Spotfire DXP solution was up and running in just half a day and delivering the results we had stipulated in our pilot project requirements, which was well ahead of the other suppliers. Spotfire DXP also provided the best results and flexibility. So we decided to extend our use of Spotfire rather than purchase a solution from a different vendor," said Erik Bergman, ICT team leader at Avantium.
The Spotfire solution went live in December 2007 and was rolled out to management and project leaders in Finance, Sales, HR and Operations, as well as the Executive team. Following internal consultations, Avantium set-out pre-defined reporting templates and allowed the users to modify according to their specific needs. This implementation provided the right information at the right time and in the right format, including those for more data intensive groups that needed access to data from a variety of different departments and business areas.
The benefits of implementing Spotfire are already evident. "We are noting a significant difference in the way that we can manage our business since we started using Spotfire," said Jim. "For example, there is real transparency on the sales side and it has also allowed managers to make informed decisions in real-time rather than having to wait weeks before they can access relevant information and data."
"Spotfire has made a real difference to us and we look forward to expanding our use of the solution in 2008 when we will implement email alerts to managers if projects are exceeding or deviating from budget. This will also allow us to have alerts sent if business performance is not meeting key performance metrics or targets so management can take the necessary action," he concluded.
Roger Oberg, vice president of product strategy for Spotfire, said "In challenging times, competitive advantage comes from equipping everyone to quickly find new insights in the changing data they work with every day, not from static reports or traditional dashboards. Spotfire is optimized to provide the kinds of reports and real-time information that business managers and departments need. The fact that Avantium chose our solution over other BI tools shows that leading companies see the advantage Spotfire can enable."
Avantium is a leading technology company in the area of advanced high-throughput R&D operating in the energy, chemicals and pharmaceutical industries. The company develops products and processes in the area of biofuels, bio-based chemicals and novel crystal forms of existing drugs by applying its proprietary, high-throughput R&D technology. Avantium has demonstrated the potential of this technology by providing R&D services and tools to more than 70 companies worldwide, including many of the world's largest energy, chemicals and pharmaceutical companies. Avantium has approximately 100 employees; its offices and head quarters are based in Amsterdam.
The Spotfire Division of TIBCO Software Inc. is a leading provider of enterprise analytics software for next generation business intelligence. Spotfire offers a visual and interactive experience that helps professionals quickly discover new and actionable insights in information. Distinguished by its speed to insight and adaptability to specific business challenges, Spotfire rapidly reveals unseen threats and new opportunities, creating significant economic value. Spotfire customers include industry leaders among the Global 2000 that have deployed Spotfire analytics to gain an information advantage over their competitors. For more information, visit http://spotfire.tibco.com
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TIBCO, TIBCO Software, Spotfire, Spotfire DXP, and DecisionSite are trademarks or registered trademarks of TIBCO Software Inc. and/or its subsidiaries in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
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