from DSSResources.comStanford, Carnegie Mellon University select DecisionPoint Software for improved grants managementSAN MATEO, Calif., March 24, 2005 -- DecisionPoint Software today announced that Stanford University (www.stanford.edu) and Carnegie Mellon University (www.cmu.edu) both selected DecisionPoint's Financial Performance Management (FPM) software to reduce the overhead and administrative costs associated with tracking grants, and deliver strategic insight into the productivity of projects and research teams. By focusing on the critical challenges around Grants Management, DecisionPoint is quickly adding progressive universities to its customer base, including other leading institutions such as Oregon Health & Science University. "DecisionPoint will allow us to provide our faculty and employees with a wide range of critical information," said Deanne Weaver, Director of Financial Systems, Carnegie Mellon University. "When future funding is contingent in part on timely, accurate reports, we absolutely have to deliver detailed grants and research project information to all stakeholders, instantly. DecisionPoint will allow us to do that without manual intervention." "We selected DecisionPoint because they had pre-built data models and integration across finance, grants and research. We expect rapid time to implementation with significantly more content versus building our own solution," said Melanie Purdy, Director of Director of Data Management and Reporting at Stanford University. DecisionPoint's pre-built solution for Higher Education and Research institutions gives unprecedented access to grants data, and enables financial analysis of the research projects that they fund. The solution includes Source Experts(TM), which provide intelligent and automated sourcing of financial and grants-related data from Oracle, PeopleSoft and SAP systems. Once extracted, the data is populated into pre-built data models to support complex and in-depth analysis across finance, grants, faculty, and research. With DecisionCast(TM), an integrated reporting and analysis environment, the information can be instantly accessed by principle investigators, managers and administrators -- all the way down to the transactional level. As a result, in less than three months, universities can monitor and analyze funds and related research, and quickly detect and investigate anomalies in expenses and research projects. They can also ensure regulatory and funding requirements are met and support all internal and external reporting requirements. "DecisionPoint recognized and addressed one of the critical issues facing research institutions today -- the need for better integrated insight across general ledger, grants and research, allowing universities to maximize the grant dollars," said Joe Nicholson, Vice President of Marketing, DecisionPoint. "Working with leading research universities, DecisionPoint has delivered industry's first Financial Performance Management for higher education and research institutions, and we continue to expand on our success with commitment to new products and customer success." About DecisionPoint Software DecisionPoint's financial performance management software centralizes both financial data and finance-centric operational data to improve decision-making across the full range of business functions including finance, distribution, human resources and manufacturing. Using intelligent sourcing, a finance-centric data warehouse and an integrated analytic and reporting environment, DecisionPoint gets companies up and running with a strategic business intelligence solution in a fraction of the time it takes with traditional tools. In 2004 DecisionPoint Software won honors from the Silicon Valley/San Jose Business Journal (Top 50 Fastest-Growing Private Companies), DM Review (2004 DM Review 100 Award Winner), San Francisco Business Times (Top 100 Fastest-Growing Private Companies), and Start magazine (Hottest Companies of the Year). Global 2000 companies using DecisionPoint include Albertsons, British Telecom, Sony, Quantum and Imation. Founded in 1996, DecisionPoint is headquartered in San Mateo, California with international headquarters in Maidenhead, United Kingdom. http://www.decisionpointsw.com. Editors note: All product and company names mentioned herein are the property of their respective owners. DecisionPoint Software Valerie Fawzi, 650-931-8310 valerie.fawzi@decisionpointsw.com |