Group, Inc. Chooses OutlookSoft to Provide Strategic
Business Performance Management Solution
Retailer of Books, Music, and Movies Selects Enterprise Analytic Portal®
Enhance Financial Productivity
Conn. (August 20, 2002) — OutlookSoft Corporation,
the global innovator of a unified business performance management (BPM)
solution, today announced that Borders Group, Inc. (NYSE: BGP) has chosen
the OutlookSoft Enterprise Analytic Portal (EAP) to improve the company's
business performance management processes. Borders Group, with posted
revenues of approximately $3.4 billion in 2001, will use EAP to more effectively
understand and manage organizational performance as well as improve upon
current budgeting, consolidation, analysis, and reporting processes.
looking for a BPM solution that would maximize the productivity of our
planning cycle and streamline various analytical processes. OutlookSoft
provides Borders with a customizable EAP solution that gives us enhancements
to process controls related to planning and analysis. EAP also leverages
familiar Web browser and MicrosoftÒ Excel environments, which has
made it extremely easy for us to set-up, train users, and administer,"
said Gregg Bodnar, vice president of finance, Borders Group.
EAP offers Borders
a unified, single application for budgeting, consolidation, analysis,
and reporting capabilities. With the ability to link structured data (residing
in corporate databases) to unstructured data (originating internally on
employee desktops and/or externally) such as PowerPoint® presentations,
email attachments, Excel spreadsheets and Web site links, EAP is designed
to facilitate a comprehensive, collaborative business environment across
the extended organization to better understand company performance, both
financial and beyond.
has become a global icon in the book and music retailing arena,"
said Mike Morini, chief operating officer, OutlookSoft. "Their success
is evidence that Borders places a high priority on delivering both customer
value and corporate results. We are pleased to partner with them in their
continued growth and attainment of future strategic goals and objectives."
About Borders Group
Borders Group, Inc., is a leading global retailer of books, music,
video and other information and entertainment items with stores in the
United States, United Kingdom, Australia, New Zealand, Singapore, and
the commonwealth of Puerto Rico. A FORTUNE 500 company headquartered in
Ann Arbor, Mich., Borders Group employs 32,000 employees worldwide and
operates over 375 Borders domestic superstores, 23 International Borders
stores, 36 Books etc. locations and 815 Waldenbooks stores. Teamed with
Amazon.com, the company also offers online shopping through www.borders.com.
OutlookSoft Corporation is a leading provider of business performance
management (BPM) software that enables companies to plan, understand and
leverage their performance - financial and beyond - from a single, unified
application. The company's Web-based solution, EAP, delivers real-time
consolidation, analysis, budgeting, planning, forecasting, reporting,
and process management to managers across the extended enterprise. By
linking structured data (database-driven) to unstructured data (originating
at employee desktops) and leveraging familiar, easy to use environments
like Microsoft Excel and a standard Web-browser, EAP facilitates the user-friendly
exchange of organizational knowledge to every manager throughout the enterprise.
OutlookSoft also provides consulting, training, implementation, and ongoing
product/client support services.
In the past year,
OutlookSoft received industry recognition- most recently, by Computerworld
as a Top 100 Emerging Company for 2002; by Intelligent Enterprise as one
of 48 Companies to Watch; and by DM Review to the 100 List for 2001.
Founded in 1999 and
headquartered in Stamford, Connecticut, OutlookSoft is financed by Pequot
Ventures, GE Equity, ML Taurus, and Merrill Lynch Ventures. Since its
founding, OutlookSoft has secured nearly one hundred customers across
many diverse industry segments in both the United States and Europe.
or call 203 964.3100 for more information.
Public Relations & Press
Waggener Edstrom for OutlookSoft Corporation
© 2002 OutlookSoft Corporation
Prospect Street, North Tower, Stamford, CT 06901 (203) 964.3100
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