COMSHARE ® LAUNCHES BREAKTHROUGH RELEASE OF COMSHARE MPC™
New Functionality Helps Companies Align Resources with Strategic Initiatives and Addresses Accounting and Reporting ConcernsAnn Arbor, Michigan, October 07, 2002 -- Comshare, Incorporated (NASDAQ: CSRE), a leader in software applications for corporate performance management (CPM), announced today that it has built new functionality into the new 5.0 release of its Comshare MPC™ application that will help companies meet more stringent reporting requirements. Comshare MPC 5.0 also delivers more detailed budgeting functionality, additional Microsoft business intelligence (BI) platform features, and a host of improvements to further increase the ease of maintenance and usability of this robust application for CPM.
“This release is a breakthrough for Comshare customers because it addresses accounting concerns that have resulted from current economic conditions such as statutory reporting, changing Securities and Exchange Commission (SEC) regulations, the need for increased insight into organizational operations and globalization,” said Rod Radojevic, Product Marketing Manager, Comshare. “It facilitates closing the books, while adding additional planning, analysis, and reporting capabilities so organizations can examine key costs and initiatives, including better employee and asset planning.”
Detail Tracking of Employees and Assets is Key in Today’s Economy
“With Comshare MPC 5.0 businesses can plan, budget, and forecast in a variety of ways across multiple dimensions — by management structure and by strategic initiative, for example — helping them run and manage the business effectively,” Radojevic said. “This new functionality helps organizations with activity-based budgeting requirements by aligning their resources — especially employees and assets — with strategic initiatives, while providing them other traditional ways of planning, such as by management structure or geography.” The SEC has shortened reporting deadlines for public companies and legislation has been instituted requiring senior management to certify financial data. Comshare MPC is a solution that can help close the books faster and more accurately, through better analysis. New Comshare MPC 5.0 functionality supports other key reporting and analysis needs such as:
Here’s What Customers Have to Say
"Comshare MPC has been very impressive in meeting our complex currency handling requirements for budgeting and actual reporting,” said Erik Bierre, Sr. Vice President, J. Lauritzen A/S. “And it gave us the ability to budget intercompany activity by trade currency — a major benefit to our operations. Comshare understood our requirements and delivered that functionality in this release.” Tempus Resorts International, Ltd., a leader in the competitive vacation ownership industry, evaluated the new release’s security, balanced journals, and Excel integration features.
“Comshare MPC 5.0 strengthens the integrity of data used for financial reporting,” said Alison Walls, Corporate Controller, Tempus Resorts. “It gives our GAAP data reliability so we use Comshare MPC to prepare financial reports for our annual audit. And the security function is efficient and saves time. For example, I can set up one profile with specific access that can be applied to a group of users. With such enhanced security, we’re more likely to get this to more users.”
Cheryl Davies, Corporate Analyst, Tempus Resorts, evaluated the more robust Excel integration features. “Comshare MPC allows me to present information to managers and the executive committee with the flexibility they’re used to in Excel,” said Davies. “Excel integration, coupled with the stability of the centralized Comshare MPC database, also assures me that the numbers are correct and consistent.”
Comshare MPC Using the Microsoft BI Platform Gives Power and Speed
Comshare MPC’s forecasting module is also available on the Microsoft BI platform with this release. It uses objective time-series techniques to generate statistically accurate forecasts within minutes. With it, organizations can seed budgets with minimum time and effort; automatically generate rolling forecasts; verify the accuracy of user-submitted plans; minimize organizational bias during budgeting and forecasting; and receive automatic alerts about potential deviations from the budget. The sophisticated forecasting engine automatically selects the optimum method without requiring any statistical expertise on the part of the user.
About Comshare, Incorporated
Comshare® is a registered trademark and Comshare MPC™ is a trademark of Comshare, Incorporated. All other trademarks are the property of their respective holders.