from DSSResources.comApplix announces enhancements to TM1 business performance management platform for more sophisticated planning and reportingCHICAGO, IL, GARTNER BI SUMMIT, BOOTH H, March 7, 2005 -- Applix, Inc. (Nasdaq: APLX), a global provider of single platform solutions for Business Performance Management (BPM) and Business Intelligence (BI), today expanded its TM1(R) suite for more complex analysis and larger Web-based budgeting, forecasting and reporting applications for BPM. The new features and components include dynamic slicing for better analysis and charting capabilities, a pre-built financial database for faster deployment of BPM applications and enhanced Web-based financial task management for global collaboration on BPM initiatives. "Many businesses use TM1 for highly complex, real-time analysis and monitoring of large volumes of financial, operational and ERP data," said David Menninger, vice president, worldwide marketing and product management, Applix, Inc. "As companies expand their use of BPM applications, they require more power behind the applications. The new features and financial components were developed with significant input from the Applix Customer Advisory Board, addressing real needs in today's corporate environments." As defined by the worldwide BPM Standards Group, BPM enables a business to define, measure and manage its performance against strategic goals. The core financial and operational processes of BPM include planning, consolidation and reporting, analysis and the deployment of linked key performance indicators (KPI's) throughout an organization. The new TM1 capabilities include: * Dynamic views added to Excel's reporting capabilities for more sophisticated dashboarding and complex analysis; * Expanded TM1 cubes from 16 dimensions to 256 dimensions for more complex information sets; * A pre-built, out-of-the-box financial database for rapid development and deployment of budgeting, forecasting and reporting applications; * Planning process management, including tasks and review structures, directly in Microsoft Excel over the Web. These components are the first in a series of new features to give users more financial and operational capabilities within the TM1 suite and through strategic technology partners. Applix expects rapid adoption and deployment of the enhanced TM1 due to its use of the ubiquitous Microsoft Excel as its front end for both desktop and Web applications, its business modeling flexibility, and its minimal requirements for additional IT resources. "The new 'dynamic slice' capability allows users to expand cells of TM1 data in Excel to view greater detail and thus have more complex analysis right at their fingertips for better, faster business decision-making," said Bruce Garvin, Business Intelligence and Software Application Analyst, Novar Controls. "Additionally, when the business model changes -- for example, new line items are added -- reports and charts are dynamically updated." "Version 8.4 will revolutionize the reporting capabilities for corporate organizations," said James Wakefield, Senior Consultant, Cortell New Zealand Ltd. (Wellington), an Applix partner. "In particular, the dynamic slice functionality will enhance the user's capabilities to provide an enterprise reporting solution leveraging on the seamless integration with Microsoft Excel. This is a huge benefit for non-IT users, allowing for the power of analysis to be handled by the business managers themselves -- for business as usual." Shipping and availability The new components, included in TM1 8.4 and TM1 Planning Manager(TM) 1.2, are available at the end of March from Applix and Applix Solution Partners worldwide. For a listing of partners, please visit: http://www.applix.com/partners/ Applix TM1 Applix's TM1 is a proven, multi-dimensional business planning, reporting and analytics platform for powering strategic analysis of financial, transactional, operational and other business data. TM1 has scored the highest rating in goal achievement, better decisions, and better reporting for the second year in a row, according to The OLAP Survey 4 (http://www.survey.com/olap) by independent analyst Nigel Pendse. The annual BPM Partners "Beyond the Hype" Webcast (http://www.bpmpartners.com/events_webinars.shtml) named Applix the 2004 leader in the tools category and in 2005 recognized that Applix customers had the highest level of satisfaction of any of the leading BPM solutions, suites, tools and vendors. Customers using TM1-based applications have won industry awards from several leading publications, including Start Magazine and Business Finance Magazine. Applix also provides TM1 Planning Manager to provide workflow and compliance capabilities for all TM1-based applications and TM1 Web(TM), a Web- enabled front end for global and remote read/write capabilities of BI and BPM applications. About Applix Applix (Nasdaq: APLX) is a global provider of Business Performance Management and Business Intelligence solutions. These solutions, based on Applix's TM1 analytics platform, enable the continuous planning, management and monitoring of performance across the financial and operational functions within the enterprise. Applix is a founder of the BPM Standards Group (http://www.bpmstandardsgroup.org), and has been recognized by numerous industry analyst groups for its technical leadership and vision in the marketplace. More than 1,900 customers worldwide use TM1 for its tight integration with Excel, real-time response, adaptability, and low total cost of ownership. Delivered by Applix and by a global network of partners, TM1-based solutions help customers manage their business performance and respond to the marketplace in real time. Headquartered in Westborough, MA, Applix maintains offices in four countries in Europe, North America and the Pacific Rim. For more information about Applix, please visit http://www.applix.com. This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements in this document are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements concerning future plans or results are only estimates and actual results could differ materially from expectations. Certain 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 Annual Report on Form 10-K for the year ended December 31, 2003 under the heading "Risk Factors" and its most recent Quarterly Report on Form 10-Q under the heading "Factors That May Affect Future Results." 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. Web Site: http://www.applix.com Charlotte Locke Applix (508) 870-0300 x244 clocke@applix.com |